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Read previewMajor airlines, banks, and supermarkets are experiencing widespread disruptions linked to an IT outage after Microsoft reported problems with its online services. American Airlines, Delta Airlines, and United Airlines are among the airlines that have issued ground stops for their aircraft due to communication issues, Reuters reported. A spokesperson for Singapore's Changi Airport told BI: "Due to a global outage affecting IT systems of many organizations, the check-in process for some airlines at Changi Airport is being managed manually." On Thursday night, Frontier Airlines issued a ground stop order, saying in a statement: "flight operations are currently being impacted by a major Microsoft technical outage." AdvertisementThe Austin-headquartered tech giant, which specializes in security for cloud computing platforms, confirmed with CNBC on Friday morning that it was receiving outage reports.
Persons: , Dan Coatsworth, AJ Bell, CrowdStrike, Omer Grossman, CyberArk, Grossman Organizations: Service, Microsoft, American Airlines, Delta Airlines, United Airlines, Reuters, London Stock, Business, BI, , Local, Changi, Changi Airport, Melbourne Airport, Sydney Airport, Rajiv Gandhi, Edinburgh Airport, Berlin Airport, Ryanair, Europe's, Frontier Airlines, CNBC, Windows Locations: Singapore, Changi, Australia, Delhi, India, Germany
Airlines around the world experienced disruption on an unprecedented scale after a widespread global computer outage grounded planes and created chaos at airports. Ting Shen/Bloomberg via Getty ImagesMajor airlines like United, Delta and American Airlines grounded flights Friday morning amid a global IT outage impacting their operations, triggering delays for travelers. More from Personal Finance:Global tech outage hits financial services companies, including Charles SchwabRent a car for a road trip, or drive your own? Expedia, for example, said on social media Friday morning it was "experiencing high call volume and long wait times due to a global IT outage. The United Airlines terminal on July 19, 2024 as a global technology outage affected LAX airport in Los Angeles.
Persons: Ting Shen, Eric Napoli, Napoli, There's, John Breyault, Charles Schwab, Taylor, Biden, Breyault, Sara Rathner, Myung J, Chun Organizations: Delta Airlines, Ronald Reagan National Airport, Airlines, Bloomberg, Getty, American Airlines, U.S . Department of Transportation, National Consumers League, Finance, Global, United Airlines, Los Angeles Times, Transportation Department, Microsoft Locations: Arlington , Virginia, Delta, Los Angeles
The Van Epps family left behind two dogs, a stunned and grieving community, and an untold number of priceless memories. The Van Epps family in an undated photo from several years ago. The Van Epps family took a different route. James Ryan Van Epps pitched in a baseball tournament the morning of the plane crash. Courtesy Ansley Van EppsMeanwhile, she and others who loved the Van Epps family took care of other priorities.
Persons: Georgia CNN —, Ansley Van Epps, , Ryan Van Epps, Laura, Harrison, James Ryan, Roger Beggs, Van Epps, Regan Burr, Burr, Ryan’s, Ansley, Ryan, Christine Clements, Christine Marie, “ Harrison, Stefanie Gammage, ” Harrison, Rich Dennis, , ” James Ryan, Brent Bechard, James Ryan’s, They’d, Chase Timms, Roger, James Ryan Van Epps, Erik Rank, Timms, ” Timms, , , Piper, It’s, Walker, Laura wouldn’t, D.J, Jason, who’d, “ James Ryan Organizations: Georgia CNN, Perimeter, Roswell United Methodist Church, Roswell High School, Ridge Christian School, North Atlanta Football Club, Blue Jays, Baseball Hall of Fame, Mirage, Cooperstown, Team Elite National, Elite, Oneonta Municipal, National Transportation Safety Board, NTSB, JFK, Delta Airlines Locations: Milton, Georgia, New York, Catskill, Alpharetta, , Cooperstown, Savannah, Oneonta, Charleston , West Virginia, Atlanta, Lake Cecil, Masonville , New York
Chart of the Day: Delta Airlines
  + stars: | 2024-07-11 | 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 EmailChart of the Day: Delta AirlinesJim Lebenthal, chief equity strategist at Cerity Partners, joins CNBC's "Halftime Report" to discuss his latest strategy with Delta, sinking today on weak guidance.
Persons: Delta Airlines Jim Lebenthal Organizations: Delta Airlines, Cerity Partners
Chesnot | Getty ImagesFor more than 10,000 Olympic athletes, making it to Paris this summer is a dream come true. "Unless you're going to the Olympics, people aren't going to Paris ... very few are," Bastian told CNBC. Delta has the most service of any U.S. airline to Paris and holds a joint venture with Air France. On July 1, Air France-KLM, the parent of Air France, forecast a revenue hit of as much as 180 million euros ($195.5 million) in June through August because of the Olympic Games. Bastian said Paris demand after the Olympics, which run July 26 through August 11, will likely be strong.
Persons: Ed Bastian, Bastian, Bertrand Guay Organizations: Olympic, Eiffel, Paris, Chesnot, Delta Air Lines, CNBC, Air France, U.S, KLM, Air, International, Olympic Games, Delta Airlines, Afp, Getty Locations: Paris, France, Delta, Air France, Charles, Gaulle, Bertrand
Earnings Exchange: Pepsi, Conagra, & Delta
  + stars: | 2024-07-10 | 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 EmailEarnings Exchange: Pepsi, Conagra, & DeltaJeff Kilburg, CEO of KKM Financial, joins CNBC's 'The Exchange' to discuss three stocks: Pepsi, Conagra, and Delta Airlines.
Persons: Delta Jeff Kilburg Organizations: Pepsi, Delta, KKM, Delta Airlines
Evercore ISI is sticking by its previous roster of top stock picks heading into the second half. ADBE YTD mountain Adobe stock has slipped more than 5% in 2024. Materne maintains an outperform rating on Adobe stock with a $650 per share price target, implying roughly 17% upside ahead. CVS Health Battered pharmacy stock CVS Health has pulled back more than 27% in 2024. CVS YTD mountain CVS Health stock.
Persons: Evercore, Kirk Materne, Materne, Elizabeth Anderson, Greg Melich, Melich Organizations: ISI, Nasdaq, Dow Jones, CVS Health, Home, Adobe, CVS, Health, Anderson, Delta Airlines
A handful of stocks partial to the U.S. market could see strong gains ahead. MGM YTD mountain MGM Resorts stock. Delta Airlines , which also made the cut, has become the most profitable U.S. airline thanks to its reputation as a luxury option. DAL YTD mountain Delta Airlines stock. Other stocks on the list include Axon Enterprise , which makes Taser stun guns and police body cameras, and ConocoPhillips .
Persons: Hope, BTIG, Clark Lampen, Ed Bastian, DAL, John F Organizations: Nasdaq, Dow Jones, Traders, Nvidia, Federal Reserve, CNBC Pro, U.S, MGM Resorts, MGM, Delta Airlines, Delta, CNBC, Kennedy International Airport, United Airlines, ConocoPhillips Locations: U.S, Las Vegas, Vegas, China, Atlanta
Today, at a time of turmoil and instability in various parts of the African continent, Kenya is an oasis of relative calm and stability. But it is another matter entirely for an American president to set foot onto African soil in person. Over 90% of its energy comes from renewable sources, and the United States is Kenya’s largest export market. Ruto departs the United States with the new status of “major non-NATO ally” strengthening his administration and providing valuable protection for his country. He is also receiving assurance that the vital African Growth and Opportunity Act, providing African states with duty-free status in the United States, will be extended.
Persons: Joyce M, Davis, Dan Gleiter, William Ruto, Rachel Ruto, Joe Biden, Barack Obama, Biden, , Uhuru Kenyatta —, Ruto, Jill Biden, Kamala Harris —, Ruto’s, , He’ll, Americans — Organizations: Patriot -, World Affairs Council, CNN, Washington, Black, Americans, Biden, White, Criminal Court, United, Kenyan, America, Delta Airlines, Kenya Airways, NATO, Twitter, Facebook, African, voters Locations: Harrisburg , Pennsylvania, Kenya, Nairobi, United States, Kenyan, Africa, America, US, East, Central Africa, China, Russia, Washington, Haiti
Specifically, analyst Chris Schott called Eli Lilly one of his highest conviction opinions. Analyst Harlan Sur noted that one of his top picks includes semiconductor manufacturer Broadcom , which has rallied 25% in 2024. In the report, the bank also highlighted data centers as an area that investors should watch. As demand grows for data centers, beneficiaries could include stocks such as Vertiv , up an eye-watering 106% in 2024, which is one of analyst Steve Tusa's highest conviction picks in the electrical equipment industry. Other stocks JPMorgan listed in the report include Delta Airlines and Carvana .
Persons: Chris Schott, Eli Lilly, Harlan Sur, Steve Tusa's, Rajat Gupta, — CNBC's Michael Bloom Organizations: JPMorgan, Dow Jones, Major Pharma, Broadcom, Delta Airlines
"Consumers continue to be even more discriminating with every dollar that they spend as they faced elevated prices in their day-to-day spending," McDonald's CEO Chris Kempczinski said on the company's conference call in late April. Paul Weaver | SOPA Images | Getty ImagesFor more than two years, consumers have dealt with sharply rising prices. But that doesn't mean the actual prices seen on grocery store shelves or restaurant menus will fall, and shoppers are feeling that pinch. While some CEOs have said that consumers are growing more cautious, others — like those in the airline industry — have celebrated strong and persistent spending. Corporate misfires can also lead to disappointing sales, even if their shoppers aren't necessarily pulling back on their spending.
Persons: Chris Kempczinski, Burger, Paul Weaver, Jerome Powell, Aurelia Concepcion, Concepcion, it's, Joe Raedle, Brett House, John David Rainey, Ramon Laguarta, Ed Bastian, We're, Daniel Slim, Brian Niccol, Calvin McDonald, Laxman Narasimhan, Sara Senatore, Spencer Platt Organizations: DAL, Washington Post, Home, Delta Air Lines, Consumers, of Labor, CPI, KFC, Starbucks, Columbia Business School, Walmart, Finance, CNBC, PepsiCo, Gatorade, Pepsi, United, Delta Airlines Boeing, Owen Roberts International, AFP, Getty, Delta, Target, Bank of America Locations: Manhattan, Bloomsburg , Pennsylvania, New York, Georgia, Ohio, Miami , Florida, U.S, Delta, Europe, Asia, Japan, George Town, Cayman Islands, New York City
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Using this status, they could access a special security lane at John F. Kennedy International Airport without undergoing typical passenger screening procedures. Advertisement"Flight attendants are ideal for smuggling bulk cash" for this reason, a Homeland Security Investigations special agent wrote in the indictments. Related storiesThe pair believed the money was the proceeds of narcotics trafficking and needed to be transported, according to the indictment. AdvertisementHe said the investigation "exposed critical vulnerabilities in the airline security industry" and has "illuminated methods that narcotics traffickers are utilizing."
Persons: , — Charlie Hernandez, Sarah Valerio Pujols, Emmanuel Torres, Jarol Fabio, John F, Damian Williams, Hernandez, Pujols, Torres, Fabio, HSI, Ivan J, Arvelo Organizations: Service, Business, US, Office, of, Transportation Security Administration, Kennedy, Homeland Security Investigations, Pujols, Customs, Border, JFK, Delta Airlines, NBC News, Delta Locations: New York, Dominican Republic, Southern, of New York
A Delta flight from NYC to LA had to turn back after its emergency exit slide detached. AdvertisementA Boeing plane was forced to make an emergency landing on Friday after an emergency slide fell off the aircraft. The Delta spokesperson said the airline was "fully supporting retrieval efforts and will fully cooperate in investigations." In a second statement, Delta said that the incident set off an emergency alarm. AdvertisementDelta Airlines 767-332ER makes emergency return to John F. Kennedy International Airport after losing its right-hand side emergency slide.
Persons: , Delta, John F, Flexport, Max Organizations: Boeing, Service, Delta Air Lines, New York's JFK, Delta, Kennedy, Airport, Breaking Aviation, JFK, Business, Federal Aviation Administration, Air Lines, Kennedy International, FAA, Alaska Airlines Locations: NYC, LA, JFK, New York's, New York, Portland , Oregon
Recent pay raises have made commercial airline pilots some of the highest-paid workers in the US. The 3 major airlines, American, Delta, and United, all offer similar base pay for captains of up to $447 per hour. AdvertisementCommercial airline pilots have become some of the highest-paid workers in the US thanks to a suite of post-pandemic pay raises. Airline pilots at Delta and United have gotten heft profit-sharing in recent years. These hours pay the same rate and have guaranteed minimums of 70-75 hours, depending on the airline, according to the Air Line Pilots Association.
Persons: , Tim Boyle, ALPA, Nicolas Economou, widebodies, Boeing narrowbodies Organizations: Service, American Airlines, Delta Air Lines, United Airlines, Bureau of Labor Statistics, Delta, Airbus, Boeing, Veterans, American, United, Airline, Getty, Air Line Pilots Association, BI, Delta Air Lines Delta Airlines Airbus, United Airlines Boeing Locations: Europe, Americas, South Africa, Japan, Australia, widebodies
Three major airlines, American, Delta, and United, offer similar captain base pay of up to $447 an hour. AdvertisementCommercial-airline pilots have become some of the highest-paid workers in the US thanks to a suite of post-pandemic pay raises. These pilots earn hundreds of dollars for every hour of flight time, with pay increasing with every year of seniority. These hours pay the same rate and have guaranteed minimums of 70 to 75 hours, depending on the airline, according to the Air Line Pilots Association. Related storiesHere's a breakdown of the base pay pilots at American, Delta, and United earn per hour of payable time, according to contracts sent to Business Insider from the airline or its union.
Persons: , Tim Boyle, ALPA, Nicolas Economou Organizations: United, Service, American Airlines, Delta Air Lines, United Airlines, Bureau of Labor Statistics, Delta, Airbus, Boeing, Veterans, American, Airline, Getty, Air Line Pilots Association, Business, Delta Air Lines Delta Airlines Airbus, United Airlines Boeing Locations: Europe, Americas, South Africa, Japan, Australia
Micron Technology — Shares ticked up roughly 1.1% after Bank of America increased its price target on the chipmaker, with the analyst forecasting high-bandwidth memory technology demand will grow to more than $20 billion by 2027. 3M — Shares of the manufacturer rose nearly 3% Monday. Barrick Gold, Royal Gold — The gold miner and gold royalty company, respectively, rose 2% and 1.7%. Delta Airlines — Shares climbed about 2% after Morgan Stanley named the Atlanta-based airline stock a top pick for 2024. UPS — Shares ticked up nearly 2% following news that the shipping company would become the primary air cargo provider for the United States Postal Service.
Persons: Robinson, Brandon Oglenski, Barrick, Wells, Morgan Stanley, Michael Saylor, , Lisa Kailai Han, Jesse Pound, Alex Harring Organizations: Micron Technology, Bank of America, Hunt Transport, C.H, Barclays, Federal, Devon Energy, Delta Airlines, UPS, United States Postal Service Locations: Wells, Atlanta
Markets are still red-hot even after a very good 2023, when the S & P 500 soared around 24%. The S & P 500 is up around 10% year-to-date, and in fact hit new record highs in March . Using FactSet, CNBC Pro screened the S & P 500 and the Vanguard FTSE All-World ex-US ETF for stocks that are beating the market so far this year — and that analysts love. We used these criteria: Up more than 10% so far in 2023 — beating the S & P 500. Just five stocks turned up from the S & P 500 screen: Amazon , Delta Airlines , Marathon Oil Corporation , Micron Technology and United Airlines .
Persons: , Meituan Organizations: FTSE, CNBC Pro, Vanguard FTSE, Delta Airlines, Marathon Oil Corporation, Micron Technology, United Airlines . United Airlines, Analysts, Micron
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementBusiness Insider confirmed that the cause of the error was a brief "server anomaly" at PubMatic, an adtech company. A PubMatic spokesperson said the anomaly, at one of its US data centers, caused "abnormally high CPMs being passed to the publisher ad server on a limited number of impressions." The PubMatic error occurred in the communication that happened between the SSP and PubMatic's ad server, according to the company. The actual financial impact for individual publishers and adtech companies is likely to be minimal.
Persons: , Nicolas Schueller, Adomik, Friday's snafu, Kargo, aren't, PubMatic, Scott Messer Organizations: Service, Business, Publishers, CNN, AMC Networks, Fox, The New York Times, Delta Airlines, Comcast Locations: PubMatic, Friday's
A Delta airlines aircraft arrives at JFK International Airport in New York on February 7. Charly Triballeau/AFP/Getty Images/FileDelta has said it will resume daily flights between Tel Aviv and New York on June 7. The route was suspended in October last year after Hamas' attack on Israel triggered the ongoing war. Delta said the decision to resume the service "follows an extensive security risk assessment by the airline." Delta was among multiple airlines that halted services to Tel Aviv following the October 7 attack, including American Airlines, Cathay Pacific and Air Canada.
Persons: Charly Triballeau, Delta Organizations: Delta, JFK International, Getty, American Airlines, Cathay Pacific, Air Canada Locations: New York, AFP, Tel Aviv and New York, Israel, Tel Aviv
A Boeing 767 passenger aircraft of Delta airlines arrives from Dublin at JFK International Airport in New York as the Manhattan skyline looms in the background on February 7, 2024. Delta Airlines just became the latest airline to raise its checked bag fee — this time by $5 beginning Tuesday, according to the company. In a statement, the airline said the fee for both the first and second checked bag is increasing by $5 for most domestic and short-haul international routes. It will now cost travelers $35 for the first checked bag and $45 for the second checked bag. It's the first Delta baggage price increase since 2018, which the company said will help it stay on pace with rising industry costs.
Persons: Delta Organizations: Boeing, Delta, JFK International, Delta Airlines, Delta SkyMiles Medallion, American Airlines, United Airlines, JetBlue, Alaska Airlines Locations: Dublin, New York, Manhattan
Delta passengers received a free Virgin Voyages cruise from San Juan on a recent flight. The free Caribbean voyage was offered to all adult Sky Miles members aboard the flight. Branson and Virgin staff members surprise passengers at the gate. A Virgin Voyages cruise is worth the priceGetting a free Virgin Voyages sailing is truly like winning a golden ticket. A snapshot from the author's Virgin Voyages cruise.
Persons: Richard Branson, Sky Miles, , they'd, Cruise, Willy Wonka, Branson, CHRIS, San Juan —, Joey Hadden Organizations: Sky, Service, Virgin, Delta, Jackson Atlanta International Airport, DELTA AIRLINES, Sky Miles, Virgin Staff, Virgin Voyages, BI Locations: San Juan, Atlanta, Caribbean, Hartsfield
Norfolk Southern' has underperformed both its peers and the broader market over the last year. Norfolk Southern responded on Monday, rejecting that slate and announcing it would nominate former Amtrak CEO Richard Anderson and former U.S. For Ancora, which has a successful track record as an activist investor, the proxy fight at Norfolk Southern would be its largest ever. EdgePoint controlled 3.4 million Norfolk Southern shares as of Dec. 31, or about 1.5% of shares outstanding. Norfolk Southern has yet to set a date for the annual shareholder meeting.
Persons: Alan Shaw, Norfolk Southern Scott Mlyn, John Kasich, Donald Trump, Ancora, Shaw, Jim Barber, Jamie Boychuk, Richard Anderson, North Dakota Heidi Heitkamp, Heitkamp, Anderson, Frank Blake, Matt Freed, Joe Biden, Biden, Trump, it's, there's, Ancora's, Hunter Harrison, Norfolk Southern, Martin Oberman, Oberman, Amit Bose, Bose, Jim Chadwick, Chadwick, Ancora beneficially, Barber, Boychuk, Harrison, Mandel Ngan, Ancora's Chadwick, Amy Miles, Miles, Claude Mongeau, CNBC's Leslie Picker, Heidi Heitkamp Organizations: Norfolk Southern, CNBC, Norfolk, Ancora Advisors, EdgePoint Investment Group, Republican, Amtrak, Delta Airlines, Cargill, Home Depot, U.S, Energy, Workers, East, Trump, Biden, Southern, PSR, Federal Railroad Administration, Surface Transportation, Federal, UPS, Teamsters, Canadian, . Norfolk Southern, CSX, Deutsche Bank, AFP, Getty Locations: Norfolk Southern, East Palestine , Ohio, Ohio, Norfolk, North Dakota, Medtronic, East Palestine, Cleveland, Ancora
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewA wheel under the nose of a Boeing 757 operated by Delta Air Lines popped out of place and rolled down a hill as the passenger jet prepared for takeoff, per the Federal Aviation Administration. The Delta flight on Saturday was carrying 184 passengers, four cabin crew, and two pilots, as it prepared to depart from an airport in Atlanta, Georgia, per a preliminary FAA report filed on Monday. The aircraft was lining up and waiting for takeoff when its "nose wheel came off and rolled down the hill," it stated. AdvertisementBoeing and Delta did not immediately respond to requests for comment sent by BI outside regular business hours.
Persons: , Delta, Max Organizations: Service, Boeing, Delta Air Lines, Federal Aviation Administration, Business, FAA, Washington Post, Hartsfield, Jackson International Airport, Alaskan Airlines, Max, Delta, BI Locations: Atlanta , Georgia, Bogotá, Colombia
United has had dozens of Boeing 737 Max 9s grounded since loose bolts were discovered this month. The grounding came after a door plug blew off an Alaska Airlines aircraft mid-flight. Following the incident, the Federal Aviation Administration grounded 171 Boeing 737 Max 9 aircraft for inspections. Inspections at United revealed loose bolts in its Boeing 737 Max 9 aircraft. United on Monday said the company expects a first-quarter adjusted loss of 35 to 85 cents a share due to the Boeing 737 Max 9 grounding.
Persons: Scott Kirby, , Kirby, Max Organizations: Boeing, Max, Alaska Airlines, Bloomberg, Service, United, Federal Aviation Administration, Monday, Business, Boeing's, FAA, Delta Airlines Locations: Alaska
CHICAGO (AP) — A plane taxiing for departure clipped another aircraft at Chicago O'Hare International Airport on Sunday evening, the Federal Aviation Administration said Monday. No injuries were reported, both planes were of Boeing design, and the FAA says it will investigate the incident. The All Nippon Airways flight was a Boeing 777, and the Delta Airlines aircraft was a Boeing 717. Raymond Bongalon, a customer service representative with All Nippon Airways, said Monday afternoon that the airline could not yet provide any information on what happened. The airline's flight status search said Flight 11 was bound for Tokyo but canceled because of “aircraft inspection.”The Chicago Department of Aviation did not immediately respond to a request for comment.
Persons: Tony Molinaro, Emma Johnson, Raymond Bongalon, ___ Savage Organizations: CHICAGO, Chicago O'Hare International, Federal Aviation Administration, Boeing, FAA, All Nippon Airways, Delta Air Lines, Delta Airlines, Max, O'Hare, Associated Press, Delta, Chicago Department of Aviation, America Statehouse News Initiative, America Locations: O'Hare, Detroit, Tokyo
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