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☆ Earnings playbook: What investors can expect out of Tesla, Microsoft and Boeing
▼ + stars: | 2023-01-22 | by ( Fred Imbert | ) www.cnbc.com time to read: +11 min

Tuesday Johnson & Johnson is set to report earnings before the bell, followed by a conference call at 8:30 a.m. What history shows: Johnson & Johnson has beaten earnings expectations 95% of the time, according to Bespoke Investment Group. Wednesday Boeing is set to report earnings before the bell, followed by a call with analysts at 10:30 a.m. What history shows: FactSet data shows Boeing has posted a greater-than-expected loss in the last five quarters. Tesla is set to report earnings after the close, with management set to hold a call at 5:30 p.m.

LOS ANGELES — "Will & Grace" actor Leslie Jordan, who was found without a pulse after a car crash in Hollywood last year, died of sudden cardiac dysfunction, officials said Thursday. Jordan, 67, experienced sudden heart failure due to arteriosclerotic cardiovascular disease, the Los Angeles County medical examiner said. Jordan's agent, David Shaul, had previously said that Jordan had likely suffered a medical emergency that caused him to lose control of his car. "The world is definitely a much darker place today without the love and light of Leslie Jordan,” Shaul said in October. During the pandemic, Jordan's fan base grew as he delivered daily Instagram videos that offered comedic reflections on life during a lockdown.

☆ FAA says contractor unintentionally deleted files before outage disrupted thousands of flights
▼ + stars: | 2023-01-20 | by ( Leslie Josephs | ) www.cnbc.com time to read: +1 min

"A preliminary FAA review of last week's outage of the Notice to Air Missions (NOTAM) system determined that contract personnel unintentionally deleted files while working to correct synchronization between the live primary database and a backup database," the FAA said. The FAA reiterated that it hasn't found evidence of a cyberattack or "malicious intent" and that it is still investigating what occurred. Lawmakers from both parties demanded answers about technology vulnerabilities in the U.S. aviation system. Airline executives complained about inadequate funding and staffing for the FAA. "Hopefully this will be the call to our political leaders in Washington that we need to do better."

☆ Southwest pilots' union calls vote to authorize potential strike as contract talks sour
▼ + stars: | 2023-01-18 | by ( Leslie Josephs | ) www.cnbc.com time to read: +2 min

Southwest Airlines pilots' union plans to hold a vote that could give it the power to call a potential strike, a move that comes weeks after the carrier's holiday meltdown further strained ties with its workers' unions. Southwest and the Southwest Airlines Pilots Association have been in negotiations for a new contract for years. Union leaders have focused on better work rules and scheduling for Southwest workers. The union's president, Casey Murray, said it was the first time the union has held a strike authorization vote. "This decision is not one based on emotion, but I would be lying if I said that I wasn't angry," Murray wrote to pilots.

☆ United results top estimates as demand remains resilient despite high fares
▼ + stars: | 2023-01-17 | by ( Leslie Josephs | ) www.cnbc.com time to read: +4 min

A grounds crew member directs an United Airlines airplane to a gate at Terminal A at Newark Liberty International Airport (EWR) in Newark, New Jersey, US, on Thursday, Jan. 12, 2023. United Airlines ' fourth-quarter profit and outlook for early 2023 topped Wall Street estimates thanks to strong travel demand and high fares. Meanwhile, aircraft delivery delays and training backlogs have constrained airlines' growth, keeping fares high. United reported an $843 million profit for the last three months of 2022, a 31% increase compared with three years earlier, on revenue of $12.4 billion. Also last week, American Airlines , which reports on Jan. 26, hiked its profit and sales forecast for the fourth quarter.

☆ Earnings playbook: Netflix and Goldman Sachs headline another big week of reports
▼ + stars: | 2023-01-16 | by ( Fred Imbert | ) www.cnbc.com time to read: +7 min

Tuesday Goldman Sachs is set to report earnings before the bell followed by a conference call between management and analysts at 9:30 a.m. Last quarter: Goldman reported earnings and revenue that beat analyst expectations, thanks to strong bond trading revenues . What history shows: Goldman earnings have beaten expectations 87% of the time, according to Bespoke. The fourth quarter earnings report out Thursday should see around 4.5 million subscribers, according to data from FactSet. What history shows: FactSet data shows Netflix has beaten earnings expectation for the last five quarters.

☆ Delta CEO urges Washington to increase FAA funding after 'unacceptable' outage
▼ + stars: | 2023-01-13 | by ( Leslie Josephs | ) www.cnbc.com time to read: +2 min

Delta Air Lines CEO Ed Bastian called on Washington to increase funding for the Federal Aviation Administration after an outage of a pilot-alert system that grounded thousands of flights across the U.S. this week. "Over the past 36 hours, the FAA has been conducting a preliminary analysis into the NOTAM system interruption," the FAA said late Thursday. In an interview with CNBC's "Squawk Box" on Friday, Delta's Bastian called the incident "unacceptable." "I don't recall us ever shutting down the national air space due to a similar type of technology outage for several hours." The flight delays and cancellations were the second major air travel disruption in less than a month after bad weather derailed holiday travel late last year.

☆ Delta Air Lines sales, profits top estimates in strong finish to 2022
▼ + stars: | 2023-01-13 | by ( Leslie Josephs | ) www.cnbc.com time to read: +2 min

Delta Air Lines Airbus A330neo or A330-900 aircraft with neo engine option of the European plane manufacturer, as seen departing from Amsterdam Schiphol AMS EHAM International airport. Delta Air Lines fourth-quarter profit and revenue topped expectations on Friday, but shares fell on the carrier's outlook for the first quarter. But it said unit costs, stripping out fuel, will likely increase 3% to 4% from 2022, including for labor and rebuilding its network. Adjusted revenue: $12.29 billion, excluding refinery sales, vs. $12.23 billion expected. Delta CEO Ed Bastian said in a news release the carrier "rose to the challenges of 2022, delivering industry-leading operational reliability and financial performance."

☆ Delta curbs employee access to luxury airport lounges as it struggles with crowding
▼ + stars: | 2023-01-12 | by ( Leslie Josephs | ) www.cnbc.com time to read: +5 min

Delta Air Lines plans to curb employee access to its plush and popular airport lounges next month, its latest attempt to ease crowding. "The employee discount on Delta Sky Club memberships also is discontinued," said the memo, which was seen by CNBC. Complimentary seats on planes are a major perk for airline staff, and they aren't just used for vacation. American and United say they aren't planning similar policy changes for their lounges, though carriers occasionally tweak employee travel policies. For example, those carriers paused certain employee travel perks to London over the summer due to congestion.

☆ American Airlines hikes quarterly revenue, profit estimates after strong fourth quarter
▼ + stars: | 2023-01-12 | by ( Leslie Josephs | ) www.cnbc.com time to read: +1 min

American Airlines shares rose nearly 5% in premarket trading Thursday after the carrier hiked its revenue and profit estimates for the fourth quarter thanks to strong demand and high fares. American estimates revenue rose as much as 17% over 2019, up from a previous forecast of an 11% to 13% increase over the period three years earlier, before the Covid pandemic. American said revenue per seat mile likely climbed 24% in the quarter from 2019, above its prior forecast of 18% to 20%. American is scheduled to report full results on Jan. 26. Its shares were up more than 2% in premarket trading.

☆ Flight disruptions ease after FAA outage, as officials vow to investigate system failure
▼ + stars: | 2023-01-12 | by ( Leslie Josephs | ) www.cnbc.com time to read: +2 min

Travelers as flights are cancelled at Ronald Reagan National Airport (DCA) in Arlington, Virginia, US, on Wednesday, Jan. 11, 2023. Air travel disruptions eased on Thursday, a day after a severe pilot safety-alert system failure sparked the delay of close to half of U.S. flights. The FAA said a preliminary review traced the outage to a "damaged database file." Unable to fix the problem, the FAA rebooted the system, and ordered the ground stop, which it lifted around 9 a.m. on Wednesday. "When there's a problem with a government system, we're going to own it, we're going to find it, and we're going to fix it," he told reporters Wednesday.

☆ FAA system outage disrupts thousands of flights across U.S.
▼ + stars: | 2023-01-11 | by ( Leslie Josephs | ) www.cnbc.com time to read: +6 min

The FAA's outage was the second major air travel disruption in less than a month and drew bipartisan criticism. Later Wednesday, Canada's air navigation agency said its similar notification system experienced a brief outage, but said no flights were delayed as a result. Zoom In Icon Arrows pointing outwards FAA system failure created mass cancellations across the U.S. on Jan. 11th, 2023. FlightawareWednesday's FAA issue added to concern from Washington from both Republicans and Democrats, particularly about technology that the complex U.S. air system, the world's busiest, relies on. More than a third of Delta's and United's mainline flights were delayed, while about 50% of American's were running late.

☆ This morning highlights the need for redundancy among airline systems, says The Chertoff Group's Kair
▼ + stars: | 2023-01-11 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThis morning highlights the need for redundancy among airline systems, says The Chertoff Group's KairCNBC's Leslie Josephs and Lee Kair, The Chertoff Group, join 'Power Lunch' to discuss the FAA's system failure this morning that caused an outage lasting about two hours.

☆ The best ways to book domestic flights using Amex Membership Rewards points
▼ + stars: | 2023-01-09 | by ( Jason Stauffer | Benji Stawski | ) www.cnbc.com time to read: +18 min

Below, CNBC Select details the best ways to redeem Amex points to fly for free (or nearly free) across the U.S. Best Amex cards for earning Membership Rewards pointsAmerican Express has a strong lineup of both personal and business cards that earn transferrable Membership Rewards points. How to use Amex points for domestic flightsYou can only transfer Amex points to two U.S.-based airline programs: Delta SkyMiles and JetBlue TrueBlue. Booking United flights with Amex points Amex Membership Rewards points don't transfer to United MileagePlus, but you can book United award flights through United's Star Alliance partners, such as Avianca LifeMiles and Air Canada Aeroplan. By strategically transferring Amex points to partner airlines, you can use Amex points to book flights with United Airlines, American Airlines, Alaska Airlines, and others.

☆ Everyone's elite, but not for long. Airlines make travel perks harder to earn this year
▼ + stars: | 2023-01-08 | by ( Leslie Josephs | ) www.cnbc.com time to read: +8 min

And now it's a small army," said Cohen, who leads a digital entertainment consulting firm and has lifetime elite status on United and American Airlines . Travelers willing to shell out more for tickets and popular rewards credit cards are swelling ranks in front cabins and airport lounges. Osorio frequents airport lounges on trips booked with rewards points that she earned through strategic credit card use and sign-up bonuses. Bigger space for big spendersDelta, American, United and American Express have been opening bigger airport lounges to fit more travelers. A new American Airlines and British Airways lounge at John F. Kennedy International Airport, November 29, 2022.

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe rise and fall of the Boeing 747Boeing's 747 is one the most recognizable planes to take to the skies. It has flown more than 3.5 billion passengers since 1970. But over the last few decades, airlines have looked for more ways to cut costs and to make airplanes more efficient. CNBC visited Boeing's Everett, Washington factory to see the last 747 roll off the production line. CNBC takes a look at how the 747 changed aviation and what's next for Boeing.

☆ Delta plans to offer free Wi-Fi starting Feb. 1
▼ + stars: | 2023-01-05 | by ( Leslie Josephs | ) www.cnbc.com time to read: +2 min

Delta Air Lines will offer travelers free Wi-Fi starting Feb. 1, after years of studying the possibility. Travelers will access the free internet service by logging in with their Delta SkyMiles frequent flyer account information, Bastian added. It's free on JetBlue , which has some corporate sponsorships for the service, and Hawaiian Airlines is planning to offer free internet with SpaceX's Starlink this year. American Airlines ' Wi-Fi service starts at $10 and varies depending on the route, though last April, the carrier and its provider Viasat, started trialing free Wi-Fi for some customers. Airline executives have been hesitant to offer free Wi-Fi service until it is more reliable.

☆ Southwest Airlines schedule stabilizes after holiday meltdown but costs are still piling up
▼ + stars: | 2023-01-03 | by ( Leslie Josephs | ) www.cnbc.com time to read: +3 min

Pristine Floyde searches for a friend's suitcase in a baggage holding area for Southwest Airlines at Denver International Airport on December 28, 2022 in Denver, Colorado. Southwest Airlines stabilized its schedule over the weekend after about 16,000 cancellations, but its systemwide holiday meltdown could cost it hundreds of millions of dollars. For comparison, from Dec. 21 through Dec. 29 Southwest had scrubbed about 45% of its operation, a far bigger share than other major airlines, according to FlightAware. Now come two more difficult tasks for Southwest: going through thousands of passenger reimbursement receipts and improving the internal technology that contributed to the meltdown. The Dallas-based airline is scheduled to report results on Jan. 26 but is likely to preview the meltdown's costs before then.

☆ Final farewell: From Sidney Poitier to Pope Emeritus Benedict a look back at the influential figures who died in 2022
▼ + stars: | 2023-01-01 | by ( Associated Press | ) www.nbcnews.com time to read: +55 min

Other world leaders who died in 2022 include former Soviet leader Mikhail Gorbachev, who died in August. The final days of 2022 saw the loss of some exceptionally notable figures, including Pope Emeritus Benedict XVI. Here is a roll call of some influential figures who died in 2022 (cause of death cited for younger people, if available):___JANUARY___Dan Reeves, 77. A Cuban-born artist whose radiant color palette and geometric paintings were overlooked for decades before the art world took notice. A prolific character actor best known for playing villains and tough guys in “The Manchurian Candidate,” “Ocean’s Eleven” and other films.

☆ Here are 22 of the top LGBTQ news stories of 2022
▼ + stars: | 2022-12-30 | by ( Jo Yurcaba | Jo Yurcaba Is A Reporter For Nbc Out. | ) www.nbcnews.com time to read: +12 min

Here are 22 of our top LGBTQ news stories of the year. Ron DeSantis signed the controversial Parental Rights in Education law — or what critics have dubbed the “Don’t Say Gay” bill — on March 28. 'It’s already having an impact': LGBTQ people fear abortion rights reversalA supporter of gay marriage waves a flag in front of the Supreme Court on June 25, 2015. Nicola Goode / Prime VideoAmazon’s “A League of Their Own” series, which debuted Aug. 12 and was inspired by the 1992 cult classic by director Penny Marshall, brought much-needed representation to the screen for lesbians and other queer women, who celebrated how “gay, gay, gay” it was. Biden signs same-sex marriage bill at White House ceremonyPresident Joe Biden signs the Respect for Marriage Act on the South Lawn of the White House on Dec. 13.

Travelers at Baltimore Washington International airport deal with the impact of Southwest Airlines canceling more than 12,000 flights around the Christmas holiday weekend across the country and in Baltimore, Maryland, December 27, 2022. Southwest Airlines confirmed on Thursday that it expects to run a normal schedule on Friday after the carrier's systemwide meltdown stranded hundreds of thousands of customers over the Christmas holiday week and drew scrutiny from Washington. Southwest's operation unraveled over the holiday week after brutal winter weather swept across the U.S. "We have much work ahead of us, including investing in new solutions to manage wide-scale disruptions," Southwest said in its statement. Some competitors said they would cap fares for certain cities to help stranded Southwest passengers reach their destinations without surging prices, but fare searches on Thursday still returned some flights for $600 or more.

☆ CFRA says Southwest Airlines remains a strong buy, despite recent turmoil for travelers
▼ + stars: | 2022-12-29 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Southwest Airlines is still a stock worth buying despite the recent bout of flight cancellations, according to CFRA Research. CFRA analyst Colin Scarola maintained his rating of the stock as a buy. He said the stock's drop this month on the back of the cancellations has made it a smart time to buy in. Scarola cut his per-share earnings estimate on the stock for 2022 to $1.20 from $1.86. Southwest has attributed its challenges to internal technology platforms that the company says got overwhelmed by the volume of schedule changes .

☆ Massive flight cancellations expected to have ripple effects on the broader travel sector
▼ + stars: | 2022-12-28 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMassive flight cancellations expected to have ripple effects on the broader travel sectorCNBC's Leslie Josephs and Seema Mody join 'Squawk on the Street' to discuss Southwest Airlines' holiday travel debacle and the winter storm disruption of the travel sector.

☆ Southwest cancellations continue as rival carriers cap fares to help stranded flyers
▼ + stars: | 2022-12-28 | by ( Leslie Josephs | ) www.cnbc.com time to read: +2 min

Southwest Airlines slashed another 2,500 flights on Wednesday, sending more frustrated customers scrambling to find seats on other airlines. To help stranded travelers, Delta Air Lines said Wednesday that it "capped fares in all the markets Southwest operates" and that the fares are valid through Saturday. American Airlines said it was capping fares in "cities severely affected by cancellations" and United said it has capped fares in "select cities." The moves came after Transportation Secretary Pete Buttigieg urged other carriers to cap fares. Earlier this week, Southwest CEO Bob Jordan told employees the carrier would fly just about one third of its schedule for several days to try to reset its operations.

☆ Hotel stocks normally benefit from large airline cancellations like Southwest, says Truist's Scholes
▼ + stars: | 2022-12-28 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHotel stocks normally benefit from large airline cancellations like Southwest, says Truist's ScholesPatrick Scholes, Truist Securities managing director, and CNBC's Leslie Josephs join 'The Exchange' to discuss Southwest Airlines flight cancellations and how it impacts the sector.

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