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Federal authorities, meanwhile, say their security procedures are sound heading into Election Day, Nov. 5. Its domestic flight bookings are down 19% for the week of the election compared with the same week last year. That has left more room for political jitters to creep into consumers’ travel considerations, travel agents say. That’s partly why Olivia MacLeod Dwinell, 64, and her husband Ross Dwinell, 74, were in Europe this month. Olivia MacLeod Dwinell and her husband, Ross Dwinnell.
Persons: Emily Reeve, , , Reeve, Ed Bastian Delta, Ed Bastian, Delta, they’d, Kamala Harris, Donald Trump, they’re, Kelly Soderlund, Thibaud Moritz, ” Soderlund, Transportation Security Administration “, Jeffrey Price, Olivia MacLeod Dwinell, Sonia Bhagwan, Ross Dwinell, Dwinell, Ross’s, “ We’re, ” Kimberly Kracun, Kimberly, Ross Dwinnell, Olivia MacLeod Dwinell “, ” Kracun, Chirag, Panchal Organizations: Federal, Delta Air, Ed Bastian Delta Air, CNBC, United Airlines, AFP, Getty, Republican, Trump, Transportation Security Administration, ” Flyers, MMGY Travel Intelligence, Future Partners, Baby Boomers, Chirag Panchal, Dallas Locations: Hawaii , Florida, Portland , Oregon, U.S, Navan, Portland, Europe, London, France, Harpers Ferry, West Virginia, Dallas
United shares are up more than 80% since Jan. 1, more than double the gains of Delta Air Lines , the country's most profitable airline. United Airlines is the best-performing U.S. airline stock this year. United has been flying for nearly a century and is the world's largest airline by capacity. 3 or 4 depending on how you measure it," said Andrew Nocella, chief commercial officer of United Airlines. "United Airlines is an airline that is trying to be a more premium airline right now, much as Delta has been for more than 10 years," said Henry Harteveldt, president of Atmosphere Research Group, a travel industry consulting firm.
Persons: We've, Patrick Quayle, United's, Andrew Nocella, Henry Harteveldt Organizations: Delta Air Lines, United Airlines, Airlines, Atmosphere Research Locations: United, Chicago, Greenland, Mongolia, Delta
The rise of United Airlines
  + stars: | 2024-10-26 | by ( Erin Black | Leslie Josephs | Christina Locopo | ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe rise of United AirlinesUnited Airlines has been flying for nearly a century and has grown to be one of the biggest airlines in the world. Its stock is the best-performing of the U.S. airlines so far this year. It wants to be the most profitable, too, a position that's been held by Delta Air Lines for several years. CNBC explores how United is trying to win over customers to become the biggest and most profitable airline in the world.
Organizations: United Airlines United Airlines, U.S, Delta Air Lines, CNBC
Delta, which said it has purchased CrowdStrike products since 2022, said the outage forced it to cancel 7,000 flights, impacting 1.3 million passengers over five days. “If CrowdStrike had tested the faulty update on even one computer before deployment, the computer would have crashed,” Delta’s lawsuit says. Last month, a senior executive at CrowdStrike apologized before Congress for the faulty software update. Adam Meyers, a senior vice president at CrowdStrike, said the company released a content configuration update for its Falcon Sensor security software that resulted in system crashes worldwide. “We are deeply sorry this happened and we are determined to prevent this from happening again,” Meyers said.
Persons: cybersecurity, Delta’s, ” CrowdStrike, Delta, CrowdStrike, , Adam Meyers, ” Meyers Organizations: CNN, Delta Air Lines, Court, Microsoft, US Transportation Department, Delta, Falcon Locations: Georgia, Fulton County, CrowdStrike
Other airlines recovered more quickly than Atlanta-based Delta, which said the incident reduced revenue by $380 million and brought $170 million in costs. Days after the outage, Delta hired David Boies of law firm Boies Schiller Flexner to seek damages from CrowdStrike and Microsoft . Delta had disabled automatic updates from CrowdStrike but this one reached its computers anyway, the airline said in the suit. Microsoft discussed various potential enhancements with CrowdStrike and other endpoint security software sellers at a summit in September. WATCH: Delta fires back at CrowdStrike, says outage cost $380 million in revenue
Persons: John F, David Boies, Boies Schiller Flexner, Delta, CrowdStrike, Ed Bastian, didn't, George Kurtz Organizations: Delta Air Lines, Kennedy International Airport, CrowdStrike, Delta, Microsoft, CNBC Locations: Queens , New York City, U.S, Georgia, Atlanta, CrowdStrike
Airlines are doubling down on high-margin premium cabins and even expanding them on new planes. American Airlines on Thursday reported an 8% increase in premium revenue in the third quarter compared with the prior year. Its rivals Delta Air Lines and United Airlines reported similar premium revenue growth in the quarter, at 4% and 5%. Courtesy of Delta Air LinesLeaning more into premium seats could fill that financial void. United Airlines' Polaris business class.
Persons: , Andrew Nocella, American's, Vasu Raja, Robert Isom, haven't Organizations: United, Service, American Airlines, Delta Air Lines, United Airlines, Airlines, Suite, American Airlines Delta, Boeing, Airbus, stoke, United Airlines ' Polaris, Frontier Airlines, Spirit Airlines, Spirit, JetBlue Airways, Southwest Airlines
Several hard-to-predict factors will influence consumers' spending, as they deck the halls and look for the perfect gifts. That's a more modest increase than the 3.9% year-over-year jump from the 2022 to 2023 holiday season, when spending totaled $955.6 billion. Shoppers expect to spend an average of $1,778 on the holidays this year, 8% more than last holiday season, according to consulting firm Deloitte's survey. SharkNinja CEO Mark Barrocas described the election as the "biggest unknown" that will shape the holiday season. A shorter holiday season
Persons: Michael M, Stephen Rogers, Mario Tama, Rogers, Matt Shay, it's, Lance Allen, Kamala Harris, Donald Trump, Scott Olson, Mark Barrocas, It's, Jen Acerra, Ed Bastian, Evan Gold, Gold, Jack Kleinhenz, Allen, they're Organizations: Herald, Santiago, Getty, Deloitte, National Retail Federation, Shoppers, Deloitte's Consumer Industry Center, Walmart, Catering, Home Depot, Democratic, Republican, Amazon, Delta Air Lines, CNBC, Hurricane Milton, Anadolu, Planalytics, Depot Locations: New York City, Burbank , California, Traverse City , Michigan, Florida, Clearwater, Philadelphia, San Francisco, North Carolina
Delta Air Lines is set to update the cabins of its Boeing 757 and Airbus A350 jets. The 757s being updated are at least 20 years old as Delta waits on delayed new 737 jets. Courtesy of Delta Air LinesThe Max 10 is the largest version of Boeing's newest narrowbody jet, but is yet to be certified amid a difficult period for the embattled planemaker. Courtesy of Delta Air LinesIt will feature a "warmer and more modern color palette" that includes a red accent stripe and the airline's logo on seat tags, Delta said. Courtesy of Delta Air LinesIn Delta One, the airline's business class, the fabric seats are made from a lighter material that should help regulate a passenger's temperature.
Persons: , It's, Delta, Max, Guy Organizations: Delta Air Lines, Boeing, Airbus, Service, Air Lines, Delta Air Locations: New, Delta
United Airlines did not mention the cost of July's CrowdStrike IT outage in its earnings report. United executives took a subtle jab at Delta by highlighting their "no excuses" philosophy. "Healthy businesses don't make excuses about CrowdStrike, don't make excuses about weather," CFO Mike Leskinen said on the company's Wednesday earnings call. 'No excuses' is at the core of United's philosophyCEO Scott Kirby said United's "no excuses" ideology stems from his days as a cadet at the United States Air Force Academy. Related stories"The best thing I learned was 'no excuses, ma'am, no excuses, sir,'" Kirby said on the call.
Persons: , Mike Leskinen, It's, United's, Scott Kirby, Kirby, United Organizations: Airlines, United, Service, United Airlines, Delta Air Lines, United States Air Force Academy Locations: Crowdstrike, Texas, New York
Earnings season is offering insight into how the US presidential election may impact big companies. So far, companies are commenting on how Election Day itself could sway their financial results. Delta expects a hit to revenue as fewer people travel around Election DayPeople will likely hold off on other kinds of spending around Election Day. Delta saw something similar happen after the 2016 election, Hauenstein said at the time. AdvertisementCompanies are issuing debt ahead of Election Day, according to CitigroupInvestment banking fees rose 44% during Citigroup's third quarter, CEO Jane Fraser said.
Persons: , Kamala Harris, Donald Trump, they're, William Newlands, Newlands, Glen Hauenstein, Hauenstein, Delta, Jane Fraser, Fraser, Goldman Sachs, Harris, Trump Organizations: Citigroup, Delta, Service, Constellation Brands, Corona, Modelo, Constellation, Air Lines, Citigroup Investment, Bank of America
Delta unveils sleek new cabin design
  + stars: | 2024-10-15 | by ( Marnie Hunter | ) edition.cnn.com   time to read: +2 min
CNN —Delta Air Lines is debuting a new look this fall, with sleek new cabin interiors on its narrowbody Boeing 757 aircraft that will eventually be applied across the carrier’s fleet. While the interiors are getting a full refresh, there will be “no change to seating configuration, size or space between seats,” a Delta spokesperson said in response to a question about those facets of cabin design. Courtesy DeltaMemory foam cushions are part of the offering in Delta Premium Select and First Class as well as in economy seats on widebody aircraft. Main cabin seats feature engineered leather with red accents. When it’s time to wake up, the cabin slowly brightens into morning and daylight.”Every aircraft in the fleet will eventually feature the new cabin design, Delta said.
Persons: , Mauricio Parise, we’ve, Delta, Organizations: CNN, Delta Air Lines, Boeing, Airbus, Delta Locations: , mealtimes
Boeing's 777X, its largest passenger plane, is delayed yet again. AdvertisementBoeing's future is dependent on the upcoming 777X, the world's largest passenger plane in production, which has been delayed once again. Boeing's last completely new widebody plane was the 787 way back in 2003. Qatar and Etihad have ordered 94 and 25 777-9s, respectively, for a collective 324 777X planes across the three airlines. The Boeing 777X's 10-abreast cabin mockup on display at Aircraft Interiors Expo in 2022.
Persons: , planemaker, Kelly Ortberg, it's, Thiago B Trevisan, Julien de Rosa, ROSLAN RAHMAN, Max —, Max, Georg Wendt, Tim Clark, isn't, Clark, Richard Aboulafia, Aboulafia Organizations: Service, Boeing, British Airways, Emirates, Singapore Airlines, Airbus, Korean Air, Delta Air Lines, Lufthansa, Air New Zealand, Getty, Aviation, Etihad Airways, Etihad, Aircraft, Airlines Locations: Qatar, Emirates, Korean, AFP
Delta Air Lines had to suspend hot meal service on more than 200 flights out of its Detroit Metropolitan Wayne County Airport hub over the past several days because of a "food safety issue." Delta said that operations from the facility were shut down and hot food will be managed by other kitchens. "During a recent inspection at a DTW kitchen, Delta's catering partner was notified of a food safety issue within the facility," Delta said in a statement on Sunday. "Delta and its catering partner immediately shut down hot food production and subsequently suspended all activity from the facility. Hot food and other onboard provisioning will be managed from other facilities."
Persons: Delta, didn't Organizations: Delta Air Lines, Tacoma International Airport, Seattle , Washington . Delta Air Lines, Detroit Metropolitan Wayne, Detroit Metropolitan Wayne County Airport, Drug Administration, Delta, Amsterdam Delta Locations: Seattle, Seattle , Washington, Detroit Metropolitan Wayne County, Detroit, Amsterdam, New York
"Business Light" fares are cheaper but can lack perks like lounge access or early seat selection. In recent years, international airlines such as Air France, KLM, Emirates, Finnair, and Qatar Airways have launched discounted "Business Light" tickets. AdvertisementFor airlines, the business light strategy can help further stoke demand to fill the front of the plane and generate additional revenue. Those traveling on a Finnair Business Light ticket will also have to pay extra for checked luggage. AdvertisementScreenshot of Emirates' various business class fares on a one-way flight from New York to Dubai in February.
Persons: , Glen Hauenstein, Henry Harteveldt, Harteveldt Organizations: Service, Air France, KLM, Qatar Airways, Delta Air Lines, Delta, Qatar Airways's, Emirates Locations: Delta, Emirates, Qatar, New York, Dubai
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDelta Air Lines CEO Ed Bastian: Expect a 'temporary pause' in consumer activity around electionCNBC’s Phil LeBeau and Delta Air Lines CEO Ed Bastian join 'Squawk Box' to discuss the company's quarterly earnings results, Q4 guidance, impact of 2024 election, CrowdStrike outage, and more.
Persons: Ed Bastian, Phil LeBeau Organizations: Air, Delta Air
A woman uses an umbrella to protect herself from the sun as she passes past the Colosseum during an intensely hot day in Rome, Italy, on July 11, 2024. Summer trips to Europe are getting too hot for thousands of tourists. Delta Air Lines President Glen Hauenstein said travelers are opting out of flying to Europe during the traditional summer peak travel season. Corporate [travel] we haven't seen much change year over year but it's continuing to shift travel to Europe in particular from July and August peak to a September and October peak." Summer this year in the Northern Hemisphere was the hottest on record, according to the European Union's climate monitor.
Persons: Glen Hauenstein, Hauenstein Organizations: Delta Air Lines Locations: Rome, Italy, Europe, Northern Hemisphere
Delta reports a profit despite service meltdown
  + stars: | 2024-10-10 | by ( Chris Isidore | ) edition.cnn.com   time to read: +2 min
That was partly offset from a $50 million fuel savings due to the grounded flights. Delta said it earned adjusted income of $971 million in the quarter, down 26% from a year earlier, on adjusted revenue of $14.6 billion in the quarter, essentially unchanged from a year ago, despite the hit to revenue from the service meltdown. But that was offset by a 3% increase in miles flown by passengers, as passengers soon returned to travel on Delta despite the service problems. And it reported a 9% drop in average fuel prices paid, the second largest cost at the airline behind labor costs. “I think you’re going to see it across consumer discretionary purchases as a whole,” “People want to find out what happens.
Persons: Hurricane Helene, , Bastian, ” Bastian Organizations: New, New York CNN — Delta Air Lines, CNBC Locations: New York, Hurricane, Delta
Delta Air Lines expects to grow earnings in the fourth quarter, thanks to resilient travel demand and strong bookings for year-end holidays. The Atlanta-based carrier on Thursday forecast fourth-quarter adjusted earnings of $1.60 to $1.85 per share, compared with Wall Street estimates of $1.71, according to LSEG, and above the adjusted $1.28 per share it reported a year earlier. Revenue will likely rise between 2% and 4% from a a year earlier, though the carrier warned it expects a 1-point revenue hit from lower demand before and after the Nov. 5 U.S. presidential election. The incident was a $380 million hit to revenue, Delta said. Delta said it still expects its full-year adjusted earnings to come in between $6 to $7 a share, excluding the CrowdStrike impact.
Persons: we've, Ed Bastian, Delta, Bastian, Glen Hauenstein Organizations: Delta Air Lines, Revenue, Delta, Microsoft, CNBC Locations: Atlanta
Delta Air Lines – Shares fell nearly 5% after the airliner provided disappointing fourth-quarter revenue guidance . Delta anticipates revenue will rise between 2% and 4% from a year earlier, less than the 4.1% estimate, per LSEG. CVS Health – Shares of the pharmacy chain added 1.9% on the back on an upgrade to overweight from equal weight by Barclays. Specifically, the investment firm noted that the brand's share of mentions as a favorite is about 35% more than its overall market share. PayPal – The payments company fell 1.7% after Bernstein downgraded the stock to market perform from outperform.
Persons: Serge Saxonov, there's, Piper Sandler, Tesla, Bernstein, , Alex Harring, Jesse Pound, Sarah Min, Pia Singh, Michelle Fox Theobald Organizations: Delta Air Lines, CVS, Barclays, GXO Logistics, Bloomberg, Logistics, Nike –, RBC Capital Markets, American, Group, JPMorgan, PayPal Locations: Americas
3-Stock Lunch: Delta Air Lines, Advanced Micro & PNC Bank
  + stars: | 2024-10-10 | 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 Email3-Stock Lunch: Delta Air Lines, Advanced Micro & PNC BankWill McGough, Prime Capital Financial director of investments, joins 'Power Lunch' to discuss stock plays for three stocks.
Persons: McGough Organizations: Air Lines, Micro, PNC Bank, Prime Capital Financial
Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. With third-quarter earnings starting in earnest Friday, Jim Cramer urged investors to keep their "eye on the prize." As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.
Persons: Jim Cramer, Jim, Eaton, he's, he'd, Hurricane Helene, Stocks, Jim Cramer's, DOV Organizations: CNBC, Wells, JPMorgan, Honeywell, Costco, Delta Air Lines, Nike, Pfizer, DD Locations: Dupont, Dover, U.S
Traders work on the floor of the New York Stock Exchange during morning trading in New York City. U.S. stock futures were little changed Wednesday night as investors looked ahead to the release of September's consumer price index report. Futures tied to the Dow Jones Industrial Average traded near the flatline. Fed funds futures trading data suggests a roughly 70% likelihood of a quarter-point cut, according to CME Group's FedWatch tool. Economists polled by Dow Jones see core CPI, which excludes food and energy prices, rising by 0.2%.
Persons: Dow, Dow Jones, Stephanie Roth Organizations: New York Stock Exchange, Dow Jones Industrial, Nasdaq, Federal, Wolfe Research, Delta Air Lines Locations: New York City . U.S
Google’s search dominance is unwinding
  + stars: | 2024-10-08 | by ( David Goldman | ) edition.cnn.com   time to read: +5 min
New York CNN —Google is so synonymous with its core product that its name is a verb that means “search.” Yet Google’s dominance of that market is shrinking. For the first time in decades, Google next year will not control a majority of the US search market, according to a forecast by advertising research firm eMarketer. Google will remain the biggest search player, maintaining a 48% share of American search advertising revenue. That ruling could result in the eventual breakup of the company’s search business. TikTok, the fastest growing social network, is getting into into the search business.
Persons: CNN Business ’, George W, Bush, eMarketer, Google’s, “ kendall jenner, ChatGPT, “ What’s, Kendall Jenner, OpenAI, that’s, Bing, Sears Organizations: CNN Business, New York CNN, Google, Wall Street, Bing, Yahoo, Microsoft, Meta, YouTube, Delta Air Lines, Epic, Amazon, Apple, GE, Dow, US Steel Locations: New York, San Francisco, United States
Joby Aviation plans to launch commercial "air taxis" in New York City and Los Angeles in 2025. The company has backing from from Toyota, Uber, and Delta Air Lines. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementElectric aircraft manufacturer Joby Aviation plans to launch commercial "air taxis" in New York City and Los Angeles by late 2025 as a more efficient alternative to driving or taking the train. AdvertisementJoby has secured hundreds of millions of dollars of investments from Toyota, Delta Air Lines, and Uber, with which it has a strategic partnership to launch its commercial air taxi service by 2025 (pending regulatory approval).
Persons: Joby's, , Joby Organizations: Aviation, Toyota, Delta Air Lines, Service, Joby Aviation Locations: New York City, Los Angeles
Friday's rally on a strong jobs report gained momentum into the close and pushed the stock market into the green for the week. Inflation data: The September consumer price index (CPI) report is out Thursday. The September producer price index (PPI) is out Friday. Jim said last week that investors who don't own AMD shares should buy some ahead of CEO Lisa Su's presentation. ET: Consumer price index 12 p.m.
Persons: we'll, Jim Cramer, Friday's, Matthew Graham, Israel, Joe Biden, Wells, Jim, we're, We're, Morgan Stanley, Lisa Su's, Su, Jim Cramer's, Michael M Organizations: Dow, Nasdaq, Federal, Mortgage News, Mortgage News Daily, CNBC, Devices, PPI, Bank, Nvidia, SOXX Semiconductor, PepsiCo, Delta Air Lines, DAL, JPMorgan, Jim Cramer's Charitable, Traders, New York Stock Exchange, Santiago, Getty Locations: U.S, Iran, Israel, Wells Fargo, BlackRock, New York City
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