DIRS.INFO The most relevant business & tech news

☆ Stocks making the biggest moves midday: Lamb Weston, Levi Strauss, Wayfair and more
▼ + stars: | 2024-04-04 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +3 min

Zeta Global — The software stock added 13% after Morgan Stanley upgraded the software firm to an overweight rating from equal weight. Conagra Brands — The consumer packaged goods food company climbed 5% after exceeding analysts' estimates for its fiscal third-quarter earnings and revenue. Lamb Weston — Shares plunged 19% after the fries producer missed its third-quarter earnings and revenue. Lamb Weston posted third-quarter adjusted earnings of $1.20 per share, less than the $1.45 analysts polled by FactSet had expected. Solar stocks — Solar stocks rose higher during Thursday's session as the yield on the benchmark 10-year Treasury moved lower.

Persons: Goldman Sachs, Morgan Stanley, Wayfair, foresees, Levi Strauss, Conagra, FactSet . Lamb Weston —, Lamb Weston, FactSet, Grindr, Raymond James, Solventum, —, Alex Harring, Hakyung Kim Organizations: Hertz, Goldman, Investors, Zeta, Conagra, Alaska Air Group —, Boeing, Reuters, 3M, Treasury, Energy, SolarEdge Technologies Locations: Alaska

☆ The uptrend in this airline stock could be just getting started, according to the charts
▼ + stars: | 2024-03-28 | by ( David Keller | ) www.cnbc.com time to read: +3 min

Alaska Air shares just getting started Alaska Air Group has recently broken above a key resistance level and could represent a compelling option for investors searching for stocks earlier on in their uptrends. Alaska remained below that retracement level as well as a declining 200-day moving average until this week. Now we're seeing ALK power above $42 with an initial upside target at the 61.8% retracement level around $47. The momentum characteristics are consistent with bullish phases, with Alaska becoming overbought this week after a quick rise. While overbought conditions could indicate a short-term pullback in the coming weeks, we're inclined to assume this uptrend could be just getting started.

Persons: we've, — David Keller Organizations: Nasdaq, US Global Jets ETF, JETS, Alaska Air Group, Alaska Air, CMT Locations: Alaska

Bilt, the company that awards points when you pay rent, adds Alaska Airlines as a transfer partner. However, Bilt will lose American Airlines as a points transfer partner in June 2024. Noteworthy Alaska Airlines partners include oneworld alliance partners American Airlines, British Airways, Cathay Pacific, Japan Airlines, Qantas, and Qatar. In addition to Alaska Airlines, Bilt partners with American Airlines, Aer Lingus, Air Canada, Avianca, British Airways, Cathay Pacific, Emirates, Air France-KLM, Hawaiian AIrlines, Iberia, IHG, Marriott, Turkish Airlines, Virgin Atlantic, United Airlines and Hyatt. Bilt and American Airlines will part ways in June, three years after their partnership initially began.

Persons: Bilt, — Organizations: Alaska Airlines, Alaska Airlines cardholders, American Airlines, Service, oneworld, British Airways, Cathay, Japan Airlines, Qantas, luxe, Air, Singapore Airlines, Mastercard, Aer Lingus, Air France, KLM, Hawaiian AIrlines, Turkish Airlines, Virgin Atlantic, United Airlines, Hyatt Locations: Alaska, Cathay Pacific, Qatar, Air Canada, Emirates, Air, Iberia, IHG, Marriott

☆ Alaska's ice road oil truckers are in a boom, and causing a backlash
▼ + stars: | 2024-03-15 | by ( Kevin Williams | ) www.cnbc.com time to read: +11 min

With various North Slope oil production projects just ramping up, the years ahead look very promising for trucking in Alaska. Among the new North Slope activities is the ConocoPhillips Willow Project, which the Biden administration approved last year. A Doyon Drilling Inc. oil rig stands on the North Slope in Prudhoe Bay, Alaska, U.S., on Friday, Feb. 17, 2017. Daniel Acker | Bloomberg | Getty ImagesMeanwhile, the Pikka oil project by Australian company Santos is also taking shape on the North Slope, 50 miles west of Deadhorse. Most of the North Slope oil infrastructure (supplies, machinery, parts) is supplied by trucks that have to traverse the 414-mile Dalton Highway (Alaska Route 11).

Persons: Daniel Acker, Jeremy Miller, Carlile, Biden, Willow, Santos, Miller, Matt Jolly, Jolly, Joe Michel, Michel, Dalton, Jomo Stewart, axel, Stewart, Scott Kawasaki, Ashley Carrick, Kawaski, Kawasaki Organizations: Parker, Trans, Trans Alaska Pipeline System, Bloomberg, Getty, Transportation Systems, ConocoPhillips Willow Project, ConocoPhillips, Alaska Department of Natural Resources, Alaska West Express, Alaska Trucking Association, Caelus Energy, Fairbanks Economic Development Corp, Kinross, Food, Getty Images Bloomberg, Getty Images, Fairbanks, Kawasaki, Alaska Department of Transportation, Anchorage Daily News Locations: Prudhoe Bay , Alaska, U.S, Trans Alaska, United States, Alaska, Anchorage, Australian, Deadhorse, Prudhoe Bay, Dalton, Alaska West, North, Wawa, Harrison Bay , Alaska, Fairbanks, Fort Knox Alaska, Kinross, Tetlin , Alaska, Tetlin, Kinross Alaska, Getty Images Alaska

☆ DOJ opens investigation into Alaska Airlines incident of door panel blowing out midair, WSJ says
▼ + stars: | 2024-03-09 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

An Alaska airlines Boeing 737 is taking off from Los Angeles International AirPort (LAX) in Los Angeles, California, on March 6, 2024. The Justice Department has started a criminal investigation into the Alaska Airlines incident where a door panel blew out mid-air two months ago, The Wall Street Journal reported Saturday. "In an event like this, it's normal for the DOJ to be conducting an investigation," an Alaska Airlines spokesperson said. Three passengers are suing Boeing and Alaska Airlines for $1 billion in damages, accusing Boeing and Alaska Airlines of negligence for allegedly having ignored warning signs. Alaska Airlines earlier estimated that the weekslong grounding of the Boeing 737 Max 9 will cost the carrier $150 million.

Persons: Max, DOJ didn't, —, — CNBC's Rebecca Picciotto Organizations: Boeing, Los Angeles International AirPort, The, Department, Alaska Airlines, Street, DOJ, CNBC, Max, United Airlines Locations: Alaska, Los Angeles , California, Ontario , California, Portland , Oregon, United, U.S

☆ The Alaska Air flight was terrifying. It could have been so much worse
▼ + stars: | 2024-02-18 | by ( Chris Isidore | ) edition.cnn.com time to read: +9 min

Because for the 171 passengers, four flight attendants and two pilots on board Alaska Airlines flight 1282 who experienced all of that on January 5, it could have been so much worse. Passenger oxygen masks hang from the roof next to a missing door plug of an Alaska Airlines flight on January 5. Here’s the ways in which Alaska Air — and Boeing — got lucky to have the plane finally develop problems when and how it did on January 5. Both would not have been the case had the door plug come out at the cruising altitude above 30,000 feet. Damage to the planeThe real nightmare scenario for experts is what happened to the door plug once it blew away.

Persons: “, ” Jennifer Homendy, Max, ”, Anthony Brickhouse, Boeing —, Jennifer Riordan, Brickhouse, “ There’s, Mike Dostert, Joe Jacobsen, Ben Minicucci, Homendy, ” Minicucci, Dave Calhoun, Calhoun Organizations: New, New York CNN, Alaska Airlines, National Transportation Safety, CNN, Boeing, Embry Riddle University, Alaska Air —, Transportation Safety, Max, Foundation for Aviation Safety, FAA, “, Records, Aircraft, Japan Air Lines, NTSB Locations: New York, Instagram, Alaska, Hawaii, Anchorage, Honolulu, Portland

☆ Boeing's 737 Max 9 jet is flying again. Here's what experts say about its safety.
▼ + stars: | 2024-01-30 | by ( Taylor Rains | ) www.businessinsider.com time to read: +7 min

Read previewOn January 5, an Alaska Airlines 737 Max 9 door plug broke off shortly after takeoff from Portland International Airport, leaving a gaping hole in the jet's fuselage. The Federal Aviation Administration quickly grounded 171 other Max 9 planes with the same door plug, mostly flown by United Airlines and Alaska. Four critical bolts used to secure the door plug were missing from the jet when it left Boeing's assembly line, The Wall Street Journal reported, representing a massive quality control lapse. Not all experts agree on the Max 9's safetyThe Alaska Airlines Boeing 737 MAX 9. AdvertisementAccording to the Washington Post, the travel booking website Kayak said its filter for the 737 Max significantly increased in the days after the incident.

Persons: —, Max, Constance von Muehlen, Ingrid Barrentine, Mike Whitaker, Henry Harteveldt, Ed Pierson, I've, Joe Jacobsen, Harteveldt, Richard A, Brooks, Anthony Brickhouse, Brickhouse Organizations: Service, Alaska Airlines, Portland International Airport, Federal Aviation Administration, United Airlines, Street Journal, Business, CNN, FAA, Boeing, Spirit Airlines, Panama's Copa Airlines, Copa, Reuters, Atmosphere Research, Alaska Airlines Boeing, National Transportation, Alaska Max, Washington Post, LA Times, Southwest Airlines, Japan Airlines, Getty, Riddle Aeronautical University, Japan Airlines Airbus, NTSB Locations: Alaska, United , Alaska, United, AFP

☆ The rental market is getting out of hand, with millions of Americans spending the majority of their paychecks on housing
▼ + stars: | 2024-01-26 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

In today's big story, we're looking at how much Americans spend on rent and why cheap properties are so hard to come by. And now a new Harvard study demonstrates how costly the rental market has become, Business Insider's Pete Syme writes. Harvard's Joint Center for Housing Studies estimated 12.1 million American households spend more than half their income on rent and utilities. That number grows to 22.4 million households for those spending more than 30% of their income on rent and utilities. Meanwhile, experts predict the housing market will reverse course this year as housing inventory increases and mortgage rates fall.

Persons: —, Tom Williams, Pete Syme, BI's Eliza Relman, Juliana Kaplan, There's, that's, Angela Ostafichuk, Justin Sullivan, Mario Tama, Tesla, Elon Musk, Dan DeFrancesco, Hallam Bullock, Jordan Parker Erb Organizations: Service, Business, Getty, Harvard, for Housing Studies, BI, Apple, Alaska Airlines, Boeing, American Express, Hyundai, Brands, Dolce, Gabbana Locations: Capitol, Washington, That'll, New York, London

Alaska Airlines plans to resume flights with its Max 9s on Friday, and United aims to follow suit on Sunday. United Airlines made similar similar findings. Travelers returned to the Boeing 737 Max 8 after two of them crashed in 2018 and 2019, killing 346 people. In that case, Boeing had to redesign an automated flight-control system before the FAA would let Max 8s and Max 9s resume flying after a 20-month grounding. In addition, the FAA says it won't let Boeing expand production of Max jets until it's satisfied that quality-control concerns about the company have been resolved.

Persons: Max, Mike Whitaker, Ben Minicucci, “, Scott Keyes, Scott Kirby Organizations: Boeing, Max, Alaska Airlines, Federal Aviation Administration, FAA, NBC, United Airlines, Travelers, U.S . Department of Transportation, Airline, BOEING, Alaska, Airbus, U.S ., United Locations: United States, United, Oregon, U.S, Portland , Oregon, Alaska

☆ Alaska Airlines expects a $150 million hit due to the grounding of its Boeing planes
▼ + stars: | 2024-01-25 | by ( Associated Press | ) www.businessinsider.com time to read: +4 min

Read previewAlaska Airlines said Thursday that the grounding of its Boeing 737 Max 9 jetliners will reduce full-year profit by $150 million and slow down the airline's planned growth. Separately on Thursday, Southwest Airlines said that it will receive six fewer new planes than it expected this year because of ongoing production problems at Boeing. American Airlines CEO Robert Isom chimed in on Thursday, calling Boeing's safety issues "unacceptable." AdvertisementAnalysts expected American Airlines Group Inc. to earn 11 cents per share, according to a FactSet survey. Alaska's $2 million loss compared with a $22 million profit a year earlier.

Persons: —, Max, Robert Isom chimed Organizations: Service, Alaska Airlines, Boeing, Max, Business, United Airlines —, Southwest Airlines, Southwest, American, American Airlines Group Inc, Revenue, Southwest Airlines Co, Dallas, Alaska Air Group Inc Locations: Alaska, Oregon, Seattle, United, Fort Worth , Texas

☆ The 737 Max grounding will cost Alaska Airlines $150 million
▼ + stars: | 2024-01-25 | by ( Chris Isidore | ) edition.cnn.com time to read: +3 min

New York CNN —The grounding of the 737 Max 9 after a January 5 incident that blew a hole in the side of an Alaska Airlines plane earlier this month will cost the airline about $150 million, Alaska announced Thursday. The door plug blew off an Alaska Airlines flight on January 5, leaving a gaping hole in the side of the plane. While no passengers were killed, the incident led the Federal Aviation Administration to order a grounding of all 737 Max 9 jets. Alaska Airlines CEO Ben Minicucci told NBC in an interview Tuesday that the carrier found “some loose bolts on many” Boeing 737 Max 9 during its inspections. Alaska and United are the only US airlines with the 737 Max 9 jet in their fleets.

Persons: Max, Ben Minicucci, “, ”, Robert Isom, It’s Organizations: New, New York CNN, Alaska Airlines, Federal Aviation Administration, FAA, Alaska Air, NBC, Boeing, Max, Refinitiv, Southwest Airlines, American, CNBC Locations: New York, Alaska, United

☆ United and Alaska Airlines will start flying the stricken Boeing 737 Max 9 again within days
▼ + stars: | 2024-01-25 | by ( Pete Syme | ) www.businessinsider.com time to read: +3 min

Read previewThe Boeing 737 Max 9 will return to the skies on Friday, three weeks after the Alaska Airlines blowout, the carrier announced Wednesday. According to Reuters, United Airlines — the biggest operator of the Max 9 with 79 of them — said it will start flying the jet again from Sunday. "It makes me angry," Alaska Airlines CEO Ben Minicucci told NBC. Not all the Max 9 jets will immediately return to service because some haven't been through the full inspection process yet. Alaska Airlines expects all its inspections to be completed over the next week.

Persons: —, Max, Ben Minicucci, Scott Kirby, Mike Whitaker Organizations: Service, Boeing, Alaska Airlines, Business, Reuters, United Airlines —, Federal Aviation Administration, Portland International, National Transportation Safety, NBC, CNBC, FAA Locations: Alaska

☆ Before part of an Alaska Airlines plane blew off, Boeing had removed and adjusted it, reports say
▼ + stars: | 2024-01-25 | by ( David Goldman | ) edition.cnn.com time to read: +6 min

Boeing and Spirit AeroSystems are under multiple investigations that probe their safety policies and procedures. Boeing said it couldn’t comment on the reports about what may have led to the door plug blowing off the plane, citing the ongoing investigation. The process also includes tightening fasteners and performing “detailed inspections of…dozens of associated components.”FAA on Sunday also required airlines to ensure older Boeing 737 planes with similar door plugs were secure. The FAA said airlines operating the Boeing 737-900ER model should visually inspect the planes but didn’t require them to be grounded. Two Max variants — the Max 7 and the Max 10 — are still awaiting approval to begin carrying passengers.

Persons: Max, AeroSystems, Washington Democratic Sen, Maria Cantwell, ”, David Calhoun, Jennifer Homendy, Ben Minicucci, Lester Holt, Mike Whitaker, Whitaker, “, —, Wells Organizations: New, New York CNN, Boeing, Alaska Airlines, New York Times, Seattle Times, Federal Aviation Administration, National Transportation Safety, Washington Democratic, Senate, US National Transportation, ” Boeing, Max, NBC, FAA, ., Sunday Locations: New York, . Airlines, Alaska, United, Indonesia, Ethiopia

☆ The best and worst airlines in the US for 2023, according to the WSJ
▼ + stars: | 2024-01-24 | by ( Taylor Rains | ) www.businessinsider.com time to read: +9 min

American and United sat in the middle of the group, mostly losing points for cancelations, tarmac delays, and baggage mishaps. AdvertisementHere's a closer look at the best and worst airlines in the US for 2023 — and how they ranked in each category in the WSJ rankings:9. JetBlue AirwaysJetBlue Airways ranked dead last in the WSJ's annual list of best and worst US airlines for 2023. AaronP/Bauer-Griffin/GC Images via Getty Images2022 Rank: 1Delta is the best airline in the US for 2023, according to The Wall Street Journal's ranking. It was second for extreme delays, fourth for tarmac delays and mishandled baggage, and fifth for flight cancelations — its lowest finish overall.

Persons: —, Delta, Allegiant, Andrew Watterson, United, Marcus Mainka, Tayfun, Mario Tama, Nicolas Economou, Robert Alexander, Tom Williams, Bauer, Griffin Organizations: Delta Air Lines, Alaska Airlines, JetBlue Airways, Service, Delta, Allegiant, Department of Transportation, — United Airlines, American Airlines, Max, Southwest Airlines, Journal ., Spirit Airlines, Frontier Airlines, Jetblue, JetBlue, Airlines, JetBlue Airways JetBlue Airways, Anadolu Agency, Getty, cancelations, Spirit Airlines Spirit Airlines, United Airlines United, American Airlines American Airlines, Southwest Airlines Southwest Airlines, Southwest, Delta Air Lines Delta Air Lines Locations: West Coast, Seattle, Alaska, New York City, New York, Southwest

☆ FAA chief vows 'boots on the ground' at Boeing until quality control system is working
▼ + stars: | 2024-01-24 | by ( Leslie Josephs | ) www.cnbc.com time to read: +5 min

"Until we're comfortable that the [quality assurance] system is working properly ... we're going to have boots on the ground," he said. United, which has 79 Boeing 737 Max 9 planes in its fleet, more than any other carrier, said Monday it's assuming the planes will remain grounded through the end of January. He said United is taking the larger variant, the 737 Max 10, out of its fleet plans, because of lengthy delivery delays. Those accidents involved the 737 Max 8, a smaller variant of the same aircraft family. This photo released by the National Transportation Safety Board shows the door plug from Alaska Airlines Flight 1282 on Monday, Jan. 8, 2024, in Portland, Ore. National Transportation Safety Board via AP

Persons: Michael Whitaker, Drew Angerer, —, Mike Whitaker, Max, We've, Whitaker, It's, John Lovell, they've, Scott Kirby, Ben Minicucci, Stan Deal Organizations: Federal Aviation Administration, FAA, Commerce, Science, Capitol, Getty, Getty Images WASHINGTON, CNBC, Boeing, Alaska Airlines, United Airlines, National Transportation Safety Board, National Transportation, AP, Max, Airlines, NBC, Deal, Transportation Locations: Washington ,, Alaska, Portland , Oregon, Renton , Washington, Portland , Ore

☆ Grounded Boeing Max 9 Jets Could Resume Flying Within Days
▼ + stars: | 2024-01-24 | by ( Ben Casselman | ) www.nytimes.com time to read: +1 min

Federal regulators on Wednesday cleared the way for Boeing 737 Max 9 jets to fly again — but also said they would put new limits on production of the troubled planes. The Federal Aviation Administration grounded about 170 Max 9 planes on Jan. 6 after a body panel detached from an Alaska Airlines Max 9 minutes after the flight took off from Portland, Ore., leaving a gaping hole in the side of the jet. On Wednesday, the agency approved a set of inspection and maintenance procedures and said airlines could resume flying the jets once the checks were complete. The process includes requiring airlines to inspect certain bolts and fasteners and to re-torque fasteners on the panel, known as a door plug, which is placed where an emergency exit door would be if a jet had more seats. United Airlines said that it would begin inspecting its 79 Max 9 planes under the new guidelines and that it expected to start using them again on flights on Sunday.

Organizations: Boeing, Max, Federal Aviation Administration, Alaska Airlines Max, United Airlines, Sunday . Alaska Airlines Locations: Portland ,, Sunday

☆ Stock futures are flat after Dow tops 38,000 for the first time: Live updates
▼ + stars: | 2024-01-22 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

A trader works on the floor at the New York Stock Exchange on Dec. 4, 2023. U.S. stock futures were flat Monday night after the Dow Jones Industrial Average surpassed 38,000 for the first time ever. S&P 500 futures rose 0.03%, while Nasdaq 100 futures gained 0.07%. In extended trading, United Airlines rose more than 6% after reporting strong fourth-quarter results. The 30-stock Dow advanced more than 100 points, or 0.4%, to hit a new record and close above 38,000 for the first time.

Persons: Russell, Cheryl Young, Johnson, Lockheed Martin Organizations: New York Stock Exchange, Dow Jones Industrial, Dow, Nasdaq, United Airlines, Boeing, Max, Alaska Airlines, United . American Airlines, Southwest Airlines, Alaska Air Group, Delta Air Lines, Nvidia, Rockefeller, Family, Procter, Gamble, Lockheed, Netflix

WASHINGTON (AP) — The Federal Aviation Administration recommends that airlines inspect the door plugs on certain Boeing 737s that are older than the Max 9 jetliner that suffered a blowout of a similar panel during a flight this month. The FAA said that 737-900ERs have logged 3.9 million flights without any known issues involving the door plugs. Political Cartoons View All 253 ImagesOne of the two door plugs on an Alaska Airlines Boeing 737 Max 9 flew off the plane in midflight on Jan. 5. The FAA has grounded all Max 9s with door plugs instead of regular doors in the back of the cabin. Boeing delivered about 500 737-900ERs between 2007 and 2019 – mostly to U.S. airlines -- and about 380 have door plugs instead of exits.

Persons: jetliner, Max Organizations: WASHINGTON, Federal Aviation Administration, Boeing, FAA, Alaska Airlines Boeing, Max, United Airlines, National Transportation Safety Locations: midflight, Oregon, Alaska, United, U.S

☆ United Airlines forecasts first-quarter loss due to Boeing 737 Max 9 grounding
▼ + stars: | 2024-01-22 | by ( Leslie Josephs | ) www.cnbc.com time to read: +3 min

United Airlines on Monday forecast a first-quarter loss due to the Federal Aviation Administration's grounding of Boeing 737 Max 9 planes this month after a part blew out during an Alaska Airlines flight operated with that type of aircraft. The more common Boeing 737 Max 8, which is in fleets at United, American and Southwest , isn't affected by the grounding order. "Despite unpredictable headwinds, we delivered on our ambitious EPS target that few thought possible — and set new operational records for our customers," said United Airlines CEO Scott Kirby in an earnings release. For the full-year 2024, United forecast adjusted earnings of between $9 and $11 a share, within analysts' estimates. ET on Tuesday when they are likely to face questions about compensation from Boeing for the grounding.

Persons: United, Scott Kirby Organizations: Airlines, Federal Aviation, Boeing, Max, Alaska Airlines, United, LSEG, United Airlines, CNBC PRO Locations: Alaska

☆ Delta CEO is confident about moving forward with order of Boeing Max 10s
▼ + stars: | 2024-01-19 | by ( Ryan Anastasio | ) www.cnbc.com time to read: +1 min

Delta Air Lines expects to move forward with an order of Boeing 737 Max 10 aircraft as the plane manufacturer struggles with issues surrounding the Max 9, the carrier's CEO told CNBC on Friday. The airline ordered 100 Max 10s in 2022 and deliveries are expected to begin in 2025, its first Boeing order in more than a decade. The Max 10, the largest model of the 737 Max, has not yet been approved by regulators. The 737 Max, Boeing's best-selling aircraft, has had a troubled history since deliveries first began in 2017. Delta flies over 500 Boeing jets a day, but does not fly either the Max or the 787, according to Bastian.

Persons: Max, Ed Bastian, CNBC's Scott Wapner, Boeing's, Bastian Organizations: Delta Air Lines, Boeing, Max, CNBC, FAA, Alaska Airlines, Airbus Locations: United States, Indonesia, Ethiopia, Bastian, Alaska, United

☆ Stocks making the biggest moves premarket: Discover Financial Services, Spirit Airlines, Humana, Hertz and more
▼ + stars: | 2024-01-18 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +4 min

Discover Financial Services — The financial services stock dropped more than 7% after posting mixed fourth-quarter results. Hertz — The automotive rental company's stock climbed about 6% following an upgrade to overweight from Morgan Stanley earlier on Thursday. Kinder Morgan — Shares of the energy infrastructure company fell less than 1% after Kinder Morgan's fourth-quarter revenue came in lower than expected. Fastenal — The industrial supplies company added 4% after posting fourth-quarter earnings that exceeded analyst expectations. Humana — The health insurance company lost more than 14% on Thursday after guiding for full-year 2023 adjusted earnings of $26.09 per share.

Persons: Hertz, Morgan Stanley, Adam Jonas, Hertz's, BofA, Ranjan Sharma, Kinder Morgan —, Kinder Morgan's, Kinder, Fastenal, Chris Caso, — CNBC's Brian Evans, Michelle Fox, Fred Imbert, Jesse Pound, Pia Singh, Samantha Subin Organizations: Discover Financial, Apple, Bank of America, Spirit Airlines, JetBlue, Citi, Spirit, Alaska Air Group —, Boeing, Alaska Airlines, Federal Aviation Administration, JPMorgan, Wolfe Research, Humana, Alcoa, Revenue Locations: Singapore

☆ Boeing’s stock tumbles after report warns investigation will open ‘a whole new can of worms’
▼ + stars: | 2024-01-16 | by ( David Goldman | ) edition.cnn.com time to read: +8 min

The Wells Fargo report, entitled “FAA audit opens up a whole new can of worms,” noted that Boeing’s quality control and engineering problems have been ongoing for years. After part of an Alaska Airlines] 737 Max 9 jet fell off the plane mid-flight, the likelihood of the US Federal Aviation Administration coming out of its investigation without significant findings was very low. The FAA last week opened an investigation into Boeing’s quality control after the Alaska Airlines incident. He also said Boeing is now more closely monitoring the work of a key supplier that builds the 737 Max fuselage. Wells Fargo analysts noted in their report that the FAA investigation could take some time to complete, noting many of its probes remain “under investigation” months after the original incidents.

Persons: Wells, ”, Max, Boeing “, Kirkland H, Donald “, Donald, David Calhoun, Stan Deal, Deal, Mike Whitaker, Calhoun, Jennifer Homendy, United Airlines —, —, Pete Muntean, Chris Isidore, Ramishah Maruf Organizations: New, New York CNN, Boeing, Wall, FAA, Alaska Airlines, US Federal Aviation Administration, NTSB, US, CNN, National Transportation, United Airlines Locations: New York, Portland , Oregon, Alaska, United, Indonesia, Ethiopia

☆ Flight disruptions linger as winter storms, Max 9 grounding snarl travel
▼ + stars: | 2024-01-16 | by ( Ryan Anastasio | ) www.cnbc.com time to read: +2 min

Airlines canceled more than 1,800 U.S. flights Tuesday as winter weather continued to disrupt travel for millions of travelers. Airlines canceled or delayed about 60% of flights at New York's LaGuardia Airport. At nearby Newark Liberty International Airport, a hub for United , more than 35% of flights were canceled or delayed. Reagan Airport saw more than 40% of its flights canceled or delayed. Alaska canceled more than 15% of its flights Tuesday, while United canceled about 12%.

Persons: Washington's Ronald Organizations: Denver International Airport, Airlines, D.C, U.S, National Weather Service, Washington's Ronald Reagan National Airport, LaGuardia, Newark Liberty International Airport, United, Reagan, Southwest Airlines, Boeing, Max, Alaska Airlines, CNBC PRO Locations: Denver , Colorado, U.S, New York, Washington, New, Alaska

☆ Southwest flight cancellations are piling up today. It’s not what you think
▼ + stars: | 2024-01-15 | by ( Eva Rothenberg | Pete Muntean | ) edition.cnn.com time to read: +5 min

New York CNN —Flight cancellations across the country continue to cause headaches for thousands of travelers, and Southwest is topping the list of most-affected airlines for the second consecutive day. Saturday and Sunday saw more than 16,500 flights delays and nearly 3,000 cancellations across the United States, according to FlightAware. The Federal Aviation Administration instated the order after a piece of the fuselage blew off an Alaska Airlines flight on January 5 with 177 people on board. United has canceled nearly 13% of its flights, making it the second most affected airline behind Southwest, which doesn’t fly any Max 9 planes. Alaska Airlines experienced the third-highest rate of cancellations on Sunday, having called off about 15% of its total flights.

Persons: ”, “ Organizations: New, New York CNN, Rockies, Southwest, CNN, Southwest Airlines, National Weather Service, NWS, American Airlines, Dallas, Fort Worth International, Alaska Airlines, Boeing, Max, Federal Aviation Administration Locations: New York, Southwest, Texas, Oregon, Mississippi, Memphis, Dallas, Nashville, Chicago, Denver, DFW, United States, United, Portland , Oregon

☆ Flight delays and cancellations: Winter weather conditions impact flights nationwide for third consecutive day
▼ + stars: | 2024-01-14 | by ( Eva Rothenberg | ) edition.cnn.com time to read: +2 min

While an improvement from Saturday’s nearly 8,000 delays and 1,400 cancellations, the nightmarish travel weekend has seen more than 11,000 total flight delays. Denver, which is under a winter storm warning until Monday evening, saw 10% of its airport’s incoming flights canceled today. Last week, more than 200 United and Alaska Airlines flights were canceled each day due to the federally mandated grounding of Boeing 737 Max 9 aircraft. The Federal Aviation Administration instated the order after a piece of the fuselage blew off an Alaska Airlines flight on January 5 with 177 people on board. Alaska Airlines experienced the third-highest number of cancellations on Sunday, having called off nearly a quarter of its total flights.

Persons: Dallas, United Organizations: New, New York CNN, O’Hare, Buffalo Niagara International, National Weather Service, Dallas ’ Love, Alaska Airlines, Boeing, Max, Federal Aviation Administration, Southwest Locations: New York, United States, Denver, Chicago, Buffalo , New York, Texas, Virginia, Tennessee, Arkansas . Texas, United, Portland , Oregon

Search resuls for: ". Alaska"

25 mentions found