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Boards Still Lack Cybersecurity Expertise
  + stars: | 2023-09-25 | by ( James Rundle | ) www.wsj.com   time to read: +4 min
Newsletter Sign-up WSJ Pro Cybersecurity Cybersecurity news, analysis and insights from WSJ's global team of reporters and editors. This includes people who sit on the boards of cyber companies or have an affiliation with a cybersecurity-related professional organization. Heath, a former security chief at United Airlines and tech provider DocuSign, sits on the boards of cyber companies Wiz and Gen Digital. Board work demands wide business experience that many security chiefs lack, said Myrna Soto, founder and chief executive of consulting firm Apogee Executive Advisors. Solving this problem will take effort from boards and cybersecurity professionals, said NightDragon’s DeWalt.
Persons: , Dave DeWalt, Emily Heath, Heath, , Myrna Soto, Patrick T, Soto, NightDragon’s DeWalt, James Rundle Organizations: Delta Air Lines, United Airlines, Gen Digital, Wall Street, U.S . Securities, Exchange, Apogee, Fallon, Bloomberg, Directors, Spirit Airlines, Popular, TriNet Locations: U.S, NightDragon, cybersecurity, Heath
Atlanta is the US city with the fastest growth in people starting their own businesses, LinkedIn data shows. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. CNBC reported that there was a 92% growth in the number of people in Atlanta saying on their LinkedIn profile that they'd founded a business. Atlanta is 'enjoying a new dynamism'The Atlanta metro area covers more than 8,500 square miles and has around 6.2 million residents, while Atlanta city has a population of around half a million. The National Association of Realtors named the Atlanta metro area the top market to watch in 2023 in its annual ranking , citing its affordability, "robust" job market, and migration.
Persons: they'd, George Anders, LinkedIn's Anders Organizations: Atlanta, Coca, UPS, Service, LinkedIn, CNBC, Kauffman Foundation, Delta Air Lines, Coca Cola, Depot, CNN, Apple, Microsoft, Visa, Jackson International Airport, Airports, International, National Association of Realtors Locations: Austin, Seattle, San Francisco, Chicago, The Georgia, Delta, Coca Cola, Wall, Silicon, Atlanta, Boston, Miami, Fort Lauderdale , New York City, Los Angeles, Denver, Hartsfield, Georgia
The airline will then match up to $250 of an employee's contributions made with payroll deductions to that account for a total of $1,000. When the economy stalled, Delta workers tapped roughly $1 billion in hardship withdrawals from their retirement accounts, Bryant said. "I didn't have a strategy in place on how to save money," said Loretta Day, a Delta flight attendant based in Atlanta. But it didn't take long for Day, 51, to practice better money habits once she completed a financial education class, she said. With the additional support, workers "are going to come in earlier, stay longer and go the extra mile," Bryant added.
Persons: Jeff Greenberg, John Hope Bryant, Bryant, Loretta Day, Kelley Elliott, Fidelity's Taylor, Douglas Boneparth Organizations: Delta Air Lines, Hartsfield, Jackson Atlanta International Airport, Universal, Getty, Delta, Fidelity Investments, Employees Locations: Delta, Atlanta
There have been some encouraging signs that business travel is rebounding to pre-Covid spending levels sooner than anticipated, according to the Global Business Travel Association . Business travel was essentially shut down during the Covid pandemic, with many predicting a slow slog to revive sales and a landscape that would be permanently changed. Now the organization is predicting global business travel spending will surpass its 2019 spending level of $1.4 trillion in 2024, compared with its earlier forecast of 2026. Some 28% of those who make the business travel decisions and 32% of those in charge of company travel budgets said their workplace will increase business travel in the coming year, Morning Consult found. Of course, the recovery in business travel can also shift if there are changes in the economic environment.
Persons: Lindsey Roeschke, Roeschke, That's, Michael Linenberg, Linenberg, Patrick Scholes, Scholes, — CNBC's Michael Bloom Organizations: Global Business Travel Association . Business, Morning, Deutsche Bank, CNBC, American Airlines, Delta Air Lines, United Airlines, Ryman Hospitality Properties, Ole Opry, Hospitality, Hyatt Hotels Locations: Delta
When my daughter decided to go to China for college through Duke, I was happy. America's relationship with China has been fraught for some time, and the pandemic exacerbated friction between the countries. In a Pew Research Center survey of US adults released in April, 83% of respondents expressed negative views on China. He suggests college is the time for questioning the worldviews of one's childhood and to consider the views of others. Starting in middle school, Sophia took advanced classes through Duke University's Talent Identification Program.
Persons: Sophia, I'm, Jeffrey Arnett, It's, Duke University's, she'd, hadn't, Duke Kunshan Organizations: Duke, Service, Pew Research Center, Duke Kunshan University, Delta Air Lines, Corps Locations: China, Asia, Wall, Silicon, American, Southern California, Shanghai
The company where workers feel most happy, fulfilled and stress-free can be seen from any given highway coast to coast. Love's Travel Stops & Country Stores, the truck stop and convenience store chain, was rated the No. 1 company for employee well-being, according to a new report from Indeed. Indeed based the awards on employee ratings focused on four aspects related to worker well-being: happiness, purpose, satisfaction and stress. While that looks a bit different at each company and in different industries, a high Work Well-being Score means employees feel appreciated, supported and generally satisfied at work."
Persons: Love's, Walt Disney Company Apple Love's, Jessee Rigney, Harris, Rigney, Priscilla Koranteng Organizations: Stores, Delta Air Lines Tata Consultancy Services Accenture IBM, Wipro Infosys Nike Vans, Cognizant Technology Solutions Hallmark Microsoft Northrop Grumman FedEx Freight Dutch, Coffee, Walt Disney Company Apple, CNBC, Employees Locations: Oklahoma City, New York, California
From thunderstorms and limited visibility to scorching temperatures and turbulence, the weather dictates when and where planes can fly. Severe weather is the leading cause of air travel disruptions in the United States. Aviation meteorologists plan for and around difficult conditions, crafting weather forecasts used to determine the nuances of flights, from altitude to optimal routes. Several major domestic carriers, including Delta Air Lines, have in-house meteorologists who monitor global weather 24 hours a day. In this cavernous and screen-filled room, Warren Weston, Delta’s lead meteorologist, recently spoke about the importance of data, the difference between surface weather and upper-air hazards, and how even one degree of temperature can change a flight plan.
Persons: , Warren Weston, Delta’s Organizations: United States, Aviation, Delta Air Lines, Customer Locations: United, Delta, Atlanta
Here are some of the tickers on my radar for Monday, Sept. 18 taken directly from my reporter's notebook:Evercore cuts NetflixCiti takes American Airlines Delta Air LinesBernstein starts Arm Holdings (ARM) with an underperform (sell) rating. Arm dropped nearly 4.5% on Friday. If you like this story, sign up for Jim Cramer's Top 10 Morning Thoughts on the Market email newsletter for free. White House national security adviser Jake Sullivan met with Chinese Foreign Minister Wang Yi in Malta held talks this weekend in Malta. MoffetNathanson downgrades PayPal Mastercard VisaJefferies downgrades Planet FitnessWedbush upgrades CarvanaHomebuilder LennarMizuho bumps up price targtets some oil stocks: Exxon Mobil Valero Energy
Persons: American Airlines Delta Air Lines Bernstein, Jim Cramer's, Jake Sullivan, Wang Yi, Mizuho Organizations: Netflix Citi, American Airlines Delta Air Lines, Arm Holdings, White House, Foreign, PayPal Mastercard, Jefferies, Exxon Mobil Valero Energy Locations: Malta, China
Deaths haunt Corporate America via labor strikes
  + stars: | 2023-09-15 | by ( Ben Winck | ) www.reuters.com   time to read: +5 min
United Auto Workers union President Shawn Fain joins UAW members who are on a strike, on the picket line at the Ford Michigan Assembly Plant in Wayne, Michigan, U.S., September 15, 2023. Manufacturing plants in Wentzville, Missouri, Wayne, Michigan and Toledo, Ohio will be empty as Ford Motor (F.N), General Motors (GM.N), and Stellantis (STLAM.MI) try to reach an agreement with the United Auto Workers collective bargaining committee. Deaths among the demographic that make up the workforce in the transportation sector are partly putting pressure on the problem. Follow @BenWinck on XCONTEXT NEWSThe United Auto Workers union started simultaneous strikes at Ford, General Motors and Stellantis on Sept. 15 after last-minute labor negotiations failed to result in a deal. Pilots organized with the Air Line Pilots Association rejected a tentative labor deal with Fedex on July 24.
Persons: Shawn Fain, Rebecca Cook, they’re, Alan Krueger, walkouts, it’s, , Darren Hawkins, Sean O’Brien, Lauren Silva Laughlin, Sharon Lam Organizations: United Auto Workers, Ford Michigan Assembly Plant, REUTERS, Rights, Reuters, Ford, General Motors, Bureau of Labor Statistics, White, Richmond Federal Reserve, Reuters Graphics Reuters, United Airlines, Sensible, Pilots, Air Line Pilots Association, Fedex, Delta Air Lines, International Brotherhood of Teamsters, of Labor Statistics, Thomson Locations: Wayne , Michigan, U.S, Wentzville , Missouri, Toledo , Ohio
Delta is making big changes to its SkyMiles program — and many frequent flyers aren't happy. Starting in 2024, SkyMiles members will no longer be able to earn loyalty status through the number of miles flown. "With Delta's upcoming SkyMiles changes it is clear that loyalty isn't bidirectional," tech executive Randall Hunt wrote Wednesday evening on X. With @Delta's upcoming skymiles changes it is clear that Loyalty isn't bidirectional. "We are already paying a premium to fly Delta," the user wrote Thursday.
Persons: SkyMiles, Delta, Randall Hunt, — Randall Hunt Organizations: Delta, Service, Air Lines, American Express Locations: Wall, Silicon, Delta
Sept 14 (Reuters) - Delta Air Lines (DAL.N) on Thursday raised its current-quarter revenue forecast as Americans' thirst for travel to Europe lifted demand for transatlantic flights. Shares of the carrier, which also maintained its forecast for full-year profit, rose 2.7% before the bell. Transatlantic travel is the industry's most lucrative long-haul market, accounting for 11% to 20% of passenger revenue last year at the big three U.S. carriers: American Airlines (AAL.O), Delta Air Lines and United Airlines (UAL.O). The carrier said it expects third-quarter revenue to rise within the upper half of its forecast range of 11% to 14% growth. Atlanta-based Delta Air adjusted its estimate for fuel prices to a range of $2.75 and $2.90 per gallon for the current quarter, higher than the $2.50 to $2.70 per gallon it previously expected.
Persons: Mehr Bedi, Shweta Agarwal Organizations: Delta Air Lines, American Airlines, United Airlines, Delta Air, Thomson Locations: Europe, U.S, Russia, Saudi Arabia, Atlanta, Bengaluru
More companies are warning that a surge in the cost of fuel and employee pay hikes will eat into profits this quarter. Airlines, whose biggest expenses are jet fuel and labor, are getting hit particularly hard. The carrier said it is paying more for fuel than it expected but said maintenance costs were also higher than anticipated. U.S. jet fuel at major airports averaged $3.42 a gallon as of Tuesday, up 38% from two months ago, according to Airlines for America, an industry group. On Wednesday, American Airlines trimmed its earnings forecast, following revisions at Alaska Airlines and Southwest Airlines .
Organizations: Companies, Airlines, Delta Air Lines, U.S, Airlines for America, American Airlines, Alaska Airlines, Southwest Airlines Locations: Hollywood
Delta Air Lines airplanes at the Hartsfield-Jackson Atlanta International Airport (ATL) in Atlanta, Georgia, U.S., on Tuesday, Dec. 21, 2021. Delta on Thursday joined other carriers in trimming its profit estimates as costs rise. Delta said it is paying more for fuel than previously expected this quarter, but added that maintenance costs were also more than it anticipated. American Airlines , Spirit Airlines and Frontier Airlines warned Wednesday that higher costs would cut into their profits in the summer quarter. Their lowered outlooks followed similar guidance from Southwest Airlines and Alaska Airlines .
Persons: Delta Organizations: Delta Air Lines, Hartsfield, Jackson Atlanta International, Delta, American Airlines, Spirit Airlines, Frontier Airlines, Southwest Airlines, Alaska Airlines Locations: Atlanta , Georgia, U.S
That’s discouraging for shoppers paying higher prices, but much of the acceleration was because of higher fuel costs. The inflation report was so highly anticipated because it will help steer what the Federal Reserve does next on interest rates. Even though economists are willing to ignore fuel costs when looking at inflation to find the underlying trends, households and companies don’t get the same luxury. American Airlines cut its forecast for profits during the summer because fuel costs are running higher than it expected. Spirit Airlines said it’s also paying higher fuel costs this summer than expected, roughly $3.06 per gallon instead of the $2.80 it had earlier forecast.
Persons: don’t, it’s, It’s, Brent Organizations: Federal Reserve, Nikkei, Dow Jones, Nasdaq, Fed, American Airlines, Spirit Airlines, United Airlines, Delta Air Lines, Microsoft, Nvidia, Moderna, New York Mercantile Exchange, U.S Locations: Asia, Seoul, Hong, Hong Kong, Shanghai, Australia, U.S
Two other defendants, American Airlines (AAL.O) and Southwest Airlines (LUV.N), previously settled for a respective $45 million and $15 million. Delta and United called their seating capacity reductions a legitimate response to reduced demand, rising fuel prices and the 2008 global financial crisis. Both carriers went through bankruptcy not long before the purported conspiracy began, with United emerging in 2006 and Delta emerging in 2007. United said it was disappointed with the judge's decision, and will seek to have it reconsidered or file an appeal. Payouts will not begin until claims against Delta and United are resolved.
Persons: Doug Parker, Gary Kelly, Scott Kirby, John Laughter, Sara Nelson, Colleen Kollar, Defendants, Kotelly, United, Jonathan Stempel, Grant McCool Organizations: American Airlines Group Inc, Southwest Airlines Co, United Airlines Holdings Inc, Delta Air Lines Inc, Delta Air Lines, United Airlines, Washington , D.C, American Airlines, Southwest Airlines, U.S . Department of Justice, Passengers, United, Delta, Antitrust Litigation, District of Columbia, Thomson Locations: U.S, Washington ,, New York
While a civil suit lodged against KLM (AIRF.PA) in the Netherlands is one of the most prominent, complaints and cases against other airlines have been mounting. Lockwood said the ASA would use machine learning tools to scan online advertising to catch potentially misleading wording. Separately, the Austrian advertising watchdog told Lufthansa's Austrian Airlines arm last year to stop making claims about a carbon neutral flight using biofuel. The lawsuit alleges that carbon offset programmes don't work as advertised and the company misled consumers. The company is investing in newer planes and sustainable fuel to "decarbonise" its operations, the person added.
Persons: Miles Lockwood, Lockwood, Joanna Plucinska, Mark Potter Organizations: KLM Airlines, Fossielvrij, Dutch, KLM, Airlines, Ryanair, Lufthansa, Etihad, Standards Authority, ASA, Reuters, Lufthansa Group, Austrian Airlines, Delta Air Lines, Delta, Thomson Locations: Netherlands, Amsterdam, Austrian, Los Angeles
The Atlanta-based airline said it plans to cap the number of entries to its Sky Clubs starting Feb. 1, 2025 for holders of the American Express Platinum Card as well as the Delta Reserve American Express Card. Those holding the Platinum Card will be allowed six visits per year, while the Delta Reserve Card holders will get 10 annual visits. The news may not come as a surprise to Delta customers who have visited a Sky Club at Delta's major hubs like JFK Airport or Atlanta, where lines to access Sky Clubs have been a common occurrence. Political Cartoons View All 1157 ImagesThe Platinum Card has become American Express’ most popular product, despite its high annual fee, among Millennials and Gen-Z partially due to its travel perks. The news does not impact access to AmEx's own Centurion-branded airport lounges, which American Express owns and operates.
Organizations: Delta Air, Sky Clubs, American, Delta Reserve American Express Card, Delta Reserve, Delta, Sky, JFK, American Express Locations: Atlanta, Delta's, JFK
Delta Air Lines is changing how customers can earn elite frequent flyer status and is making it harder for many American Express cardholders to get into the carrier's airport lounges, the latest reality check for air travel's era of mass luxury. Starting Jan. 1, customers will earn Delta Medallion status solely based on their spending, instead of a combination of dollars spent with the carrier and flights. Next year, Delta customers will earn 1 Medallion Qualifying Dollar for every $1 they spend on Delta flights, car rentals, hotels and vacation packages booked through the airline. The ratio isn't 1:1 for dollars spent through co-branded American Express cards. Delta SkyMiles Reserve and Reserve Business American Express card members earn 1 Medallion Qualifying Dollar for every $10 spent on the card, while Delta SkyMiles Platinum and Platinum Business American Express Card Members earn 1 Medallion Qualifying Dollar for every $20 spent.
Persons: John F, Dwight James, Delta's Organizations: Kennedy International, Delta Air, American Express, Delta Medallion, American Airlines, CNBC, Delta, SkyMiles Reserve, Reserve Business American Express, Business American Express Locations: New York
The spike in oil prices is weighing on airline stocks, and there is still time to for traders to take advantage of that relationship through options trades, according to Barclays. Such underperformance has been worse only 10% of the time in the past 25yrs," the Barclays note said on Tuesday. The options market does not appear to have priced in these risks, Pascale said, so Barclays recommended two short-term trades. This structure would lower the cost of the trade, though it would also limit the upside if the JETS ETF falls below the lower strike price. The Barclays note recommended using $18 and $17 as the strike prices.
Persons: Stefano Pascale, Morgan Stanley, Pascale, CNBC's Michael Bloom Organizations: Barclays, Futures, U.S, Texas, U.S . Global Jets ETF, JETS, Airlines, Tuesday, Delta Air Lines, Morgan, Jet, JETS ETF, DAL Locations: underperform
CNN —After enduring nearly a month of heartache and anxiety, a dog owner can finally rest after her missing dog was found safely at Atlanta’s Hartsfield-Jackson Airport on Saturday, according to airport officials. Delta Air Lines passenger Paula Rodriguez’s 6-year-old dog, Maia, was lost in August at the airport, which is considered the busiest in the world. They canceled her visa and told her she would need to return home on the next flight, Rodriguez previously told CNN. Paula Rodriguez poses with her dog, Maia, in a photo taken sometime before she was lost. Her worst fears faded on Saturday when Atlanta Airport officials announced Maia’s discovery three weeks after she was lost.
Persons: Paula Rodriguez’s, Maia, Rodriguez, , ” Rodriguez, Paula Rodriguez, Paula Rodriguez “, we’re, , Maia’s Organizations: CNN, Atlanta’s Hartsfield, Jackson, Delta Air Lines, Punta Cana, Delta, City of Atlanta Department of Aviation, Jackson Airport, Atlanta Airport Locations: Dominican Republic, California, Atlanta, Punta, United States, Delta, Hartsfield
Experts share the steps to take if your flight is canceled or delayed. When you travel via airplane, you run the risk of your flight being canceled or delayed and throwing a serious wrench in your plans. On Tuesday, United Airlines flights were grounded for more than an hour after the carrier experienced computer issues, the Federal Administration said. What to do if your flight is canceledThe first thing you should do when you find out your flight is canceled is contact the airline. That way, if your flight gets canceled, you can see if they are willing to book you on a competitor carrier.
Persons: It's, Tomasz Pawliszyn, AirHelp, Clint Henderson, Guy, Henderson, Martin, it's, Pawliszyn Organizations: United Airlines, Federal Administration, CNBC, U.S . Department of Transportation's, Delta Air Lines, American Airlines, Pawliszyn, Istock, Getty
Three US airlines warn of higher fuel costs in third quarter
  + stars: | 2023-09-06 | by ( ) www.reuters.com   time to read: +2 min
[1/2] A Southwest Airlines aircraft flies past the U.S. Capitol before landing at Reagan National Airport in Arlington, Virginia, U.S., January 24, 2022. REUTERS/Joshua Roberts/File Photo Acquire Licensing RightsSept 6 (Reuters) - Three U.S. airlines on Wednesday warned of higher fuel costs in the third quarter due to a jump in crude prices, adding to pressures the industry faces from expensive labor contracts. Shares of Southwest Airlines (LUV.N) fell 4.1%, United Airlines (UAL.O) was down 1.3% and Alaska Air Group (ALK.N) edged lower about 1% before the bell. U.S. airlines do not generally hedge against fuel costs, making them vulnerable to price swings. Southwest Airlines, the largest U.S. domestic carrier, said it expects revenue per available seat mile - a proxy for pricing power - to fall 5% to 7% in the current quarter.
Persons: Joshua Roberts, United, Mehr Bedi, Abhijith, Pooja Desai Organizations: Southwest Airlines, U.S, Capitol, Reagan National Airport, REUTERS, United Airlines, Alaska Air Group, Alaska Air, Washington State, American Airlines, Delta Air Lines, Thomson Locations: Arlington , Virginia, U.S, Bengaluru
ATLANTA (AP) — Delta Air Lines says it’s bringing former star quarterback Tom Brady on board as a “long-term strategic adviser." Brady is a seven-time Super Bowl winner for the New England Patriots and Tampa Bay Buccaneers. Delta did not disclose how much it is paying Brady. Delta said Brady will play a role in marketing and help the Atlanta-based airline develop training and teamwork tools for its more than 90,000 employees. Brady retired after the 2022 NFL season and is looking to build a post-football career as an entrepreneur and philanthropist.
Persons: Tom Brady, Brady, Tom, Ed Bastian, Delta, , Organizations: ATLANTA, , Air Lines, New England Patriots, Tampa Bay Buccaneers, , Delta, NFL, Super Bowl Locations: Atlanta, Delta
Tom Brady will be a strategic adviser to Delta
  + stars: | 2023-09-06 | by ( Nathaniel Meyersohn | ) edition.cnn.com   time to read: +2 min
New York CNN —Tom Brady has a new employer: Delta Air Lines. The seven-time Super Bowl champion is expanding his post-NFL career business ventures, joining Delta to work on internal employee training and appear in external advertising campaigns. Delta said Wednesday that Brady would become a “strategic adviser” to the airline. Brady will partner with Delta to develop and advise on “teamwork tools” for the airline’s more than 90,000 employees and take part in select marketing campaigns, the company said. Brady founded health and wellness company TB12 Sports and also owns a media company and the Brady Brand clothing line.
Persons: Tom Brady, Delta, Brady, , , Ed Bastian’s, Allen Adamson, ” Brady, Adamson, BlackBerry, Alicia Keys, will.i.am, Lady Gaga, Beyoncé Knowles, Brady Brand Organizations: New, New York CNN, Delta Air Lines, NFL, Delta, Intel, Polaroid, Adidas, TB12 Sports, British soccer, Birmingham City, League Pickleball, Fox Sports Locations: New York, Delta
Investors are gearing up for a historically weak month on Wall Street. But some stocks on Wall Street have found a way to stave off the broader weak sentiment in the past. At least 55% of analysts maintain a buy rating. Analysts are bullish on the premier airline stock, with 85.7% of analysts rating shares as a buy. Nearly 61% of analysts polled by FactSet hold a buy rating on Enphase stock, with their average forecasts implying nearly 57% upside from the stock's current trading levels.
Persons: FactSet, Brandt Montour, Charles Schwab, , Fred Imbert Organizations: CNBC, Delta Air Lines, Energy, Caesars Entertainment, Caesars, Barclays Locations: DAL, Albemarle
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