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Ben Minicucci - 11 Minicucci - 5 Peter Ingram - 4 ” - 2 Robin Hayes - 2 Biden - 2 David Shepardson - 2 Chris Reese - 2
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15 mentions found


☆ Premarket stocks: Shein and Reddit IPOs don’t herald a Wall Street boom. Here’s why
  + stars: | 2023-12-04 | by ( Nicole Goodkind | ) edition.cnn.com   time to read: +9 min
New York CNN —It’s been an exciting few weeks for the IPO market. People try to draw an analogy between the IPO market and a blocked pipe. That is one reason why the IPO market feels less stymied than it did 12 months ago. But if the current IPO market kicks off, it’s because of other macroeconomic factors. They’re going to very rapidly acquire customers and care much less about long term financial sustainability and climate and the environment.
Persons: New York CNN — It’s, Angela Lee, Bell, We’ve, Reddit, ‘ it’s, Shein, It’s, it’s, we’ve, Ben Minicucci, Eva Rothenberg, ”, Peter Ingram, Robin Hayes, Minicucci, “ We’ll, Anna Cooban, Svein Tore Holsether Organizations: CNN Business, Bell, New York CNN, Reuters, Microsoft, Wall Street, Columbia Business School, Federal Reserve, Alaska Air, Hawaiian Airlines, Sunday, Alaska Airlines, American Airlines, JetBlue Airways, Justice Department, District of Columbia, Spirit Airlines, Yara, CNN, International Maritime Organization Locations: New York, Reddit, Minicucci, Delta, Southwest, Norwegian, decarbonization
☆ Alaska Airlines and Hawaiian Airlines CEOs break down $1.9 billion cash merger
  + stars: | 2023-12-04 | 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 EmailAlaska Airlines and Hawaiian Airlines CEOs break down $1.9 billion cash mergerPeter Ingram, Hawaiian Airlines CEO, and Ben Minicucci, Alaska Airlines CEO, join 'Squawk on the Street' to discuss how long both sides were talking about a merger, how to convince the White House this deal makes sense, and much more.
Persons: Peter Ingram, Ben Minicucci Organizations: Alaska Airlines, Hawaiian Airlines, Alaska Airlines CEO
☆ Another Proposed Airline Merger Tests Biden Administration's Resolve to Preserve Competition
  + stars: | 2023-12-04 | by ( Associated Press | Dec. | At P.M. | ) www.usnews.com   time to read: +5 min
The deal is smaller than the mergers that reshaped the airline industry more than a decade ago. But the Justice Department is already fighting another smallish deal — JetBlue's proposal to buy Spirit Airlines. This deal will provide another test for the Biden administration’s resolve to preserve competition in various industries. PRO AND CON ARGUMENTSIn the JetBlue case, the Justice Department sued because it wants to preserve Spirit, the nation's biggest discount airline. Under President Joe Biden, the Justice Department seems to be showing some buyer's remorse that previous administrations didn't block some of those mergers.
Persons: Biden, Ben Minicucci, Henry Harteveldt, Joe Biden, — Organizations: Alaska Air Group's, Hawaiian Airlines, Spirit Airlines, Alaska Airlines, Alaska Air Group, U.S ., JetBlue, Virgin America, JetBlue . Hawaiian Airlines, Alaska Air, U.S . Department of Transportation, American Airlines, Justice, Alaska -, U.S, Justice Department, Atmosphere Research, Delta Air Lines, United Airlines, Southwest Airlines, Transportation Department, Airlines, America — Locations: Alaska, Hawaiian, ALASKA, Seattle, West Coast, California, U.S, Asia, Hawaii, Cirium, United States
☆ Alaska Air to buy Hawaiian Airlines for $1.9 billion
  + stars: | 2023-12-03 | by ( Eva Rothenberg | ) edition.cnn.com   time to read: +1 min
CNN —Alaska Air (ALK) on Sunday announced it will buy Hawaiian Airlines (HA) for $1.9 billion. “This is a fantastic deal that bring two airlines that have amazing loyalties in our regions together,” said Alaska Airlines CEO Ben Minicucci in a news conference, adding that the merger will give customers in both states expanded domestic and international choices. The deal, which is forecast to take nine to 18 months, will see both companies keep their brands, a unique decision that Minicucci and Hawaiian Airlines CEO and President Peter Ingram say was made out of respect for the nearly hundred-year legacy of both airlines and the communities they serve. “In Alaska Airlines, we are joining an airline that has long served Hawai‘i, and has a complementary network and a shared culture of service,” said Ingram. “With the additional scale and resources that this transaction with Alaska Airlines brings, we will be able to accelerate investments in our guest experience and technology, while maintaining the Hawaiian Airlines brand.”Minicucci, who will become the CEO of both airlines, heralded the move as pro-consumer will allow for more robust domestic competition with United, Delta, Southwest and American airlines, which currently own 80% of the market share.
Persons: ”, Ben Minicucci, Peter Ingram, Ingram, “, Minicucci, Robin Hayes, JetBlue’s Organizations: CNN, Alaska, Sunday, Hawaiian Airlines, Alaska Airlines, United, JetBlue Airways, Justice Department, District of Columbia, Spirit Airlines Locations: “, Delta, Southwest
☆ Alaska Airlines says it's buying Hawaiian Airlines in $1.9 billion deal
  + stars: | 2023-12-03 | by ( Rebecca Picciotto | ) www.cnbc.com   time to read: +2 min
Alaska and Hawaiian Airlines planes takeoff at the same time from San Francisco International Airport (SFO) in San Francisco, California, United States on June 21, 2023. Alaska Airlines has agreed to acquire its rival Hawaiian Airlines in a deal valued at about $1.9 billion, as the companies make a push to expand along the West Coast. The combined company will be based in Seattle, where Alaska Airlines is headquartered, and led by its CEO, Ben Minicucci. "With the additional scale and resources that this transaction with Alaska Airlines brings, we will be able to accelerate investments in our guest experience and technology, while maintaining the Hawaiian Airlines brand," Peter Ingram, CEO of Hawaiian Airlines, said in the release. The combination will allow Alaska Airlines to triple nonstop or one-stop flights from the Hawaiian islands to destinations throughout North America.
Persons: Ben Minicucci, Peter Ingram, Minicucci Organizations: Hawaiian Airlines, San Francisco International Airport, Alaska Airlines, North America . Alaska Airlines, Airlines Locations: Alaska, San Francisco , California, United States, West Coast, Seattle, North America, Hawai'i, Maui
☆ Alaska Air to Buy Hawaiian Airlines in a $1.9 Billion Deal That May Attract Regulator Scrutiny
  + stars: | 2023-12-03 | by ( Associated Press | Dec. | At P.M. | ) www.usnews.com   time to read: +3 min
SEATTLE (AP) — Alaska Airlines said Sunday it agreed to buy Hawaiian Airlines in a $1.9 billion deal, including debt, putting it on track for a potential clash with a Biden administration that has shown wariness about higher fares in the industry. The deal also includes $900 million in Hawaiian debt, which the airlines said brings the acquisition's total value to $1.9 billion. The combined airline would be based in Seattle, with Alaska Airlines CEO Ben Minicucci at its head. Both Hawaiian and Alaska are leading airlines flying between Hawaii and the U.S. mainland, which could raise concerns about lessened competition. The Alaska and Hawaii companies expect the deal to close in 12 to 18 months.
Persons: Ben Minicucci, they're “, Minicucci, Biden Organizations: SEATTLE, Alaska Airlines, Hawaiian Airlines, Biden, oneworld Alliance, American Airlines, British Airways, Cathay, Cathay Pacific ., Pacific, Inter, Island Airways, ”, Hawaiian Holdings, Sprit Airlines, Justice Department, JetBlue, U.S . Department of Transportation Locations: Alaska, Seattle, Cathay Pacific, Cathay Pacific . Alaska, United States, Americas, Asia, Australia, Honolulu, Hawaii, North America, Hawai'i, aloha, U.S
☆ Hawaii travel rebounding following Maui wildfires, says Alaska Airlines' Ben Minicucci
  + stars: | 2023-10-19 | 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 EmailHawaii travel rebounding following Maui wildfires, says Alaska Airlines' Ben MinicucciCNBC's Phil Lebeau and Ben Minicucci, Alaska Airlines CEO, join 'The Exchange' to discuss Alaska's Q3 earnings miss, headwinds from the Maui fires and high oil prices, and the state of domestic flight demand.
Persons: Ben Minicucci, Phil Lebeau Organizations: Hawaii, Maui, Alaska Airlines, Alaska Airlines CEO
☆ Airlines say domestic fares are sliding and threatening to chill record revenue growth
  + stars: | 2023-07-27 | by ( Leslie Josephs | ) www.cnbc.com   time to read: +3 min
Southwest Airlines , Alaska Airlines and American Airlines are among the carriers that have forecast slower revenue growth or weakness for the third quarter, despite strong demand. The NYSE Arca Airline index is down more than 6% this week, slimming its gains to 37% so far this year. Southwest on Thursday said it expects unit revenue to drop as much as 7% in the current quarter from a year ago on a 12% increase in capacity. An airline's revenue per available seat mile is a measure of how much a carrier generates compared with how much capacity they're offering. Meanwhile, Alaska Airlines this week forecast third-quarter revenue ranging from flat to up 3% and unit revenues down about 9% "at the midpoint," with capacity up as much as 13% compared with last year.
Persons: Hopper, Ben Minicucci Organizations: Southwest Airlines, Alaska Airlines, American Airlines, NYSE, Airline, Domestic, Southwest, Delta Air Lines, United Airlines Locations: airfare, Dallas, Alaska, Europe, Asia
☆ First delivery of Boeing 737 MAX 7 delayed to 2024 -US SEC filing
  + stars: | 2023-07-26 | by ( Valerie Insinna David Shepardson | Valerie Insinna | David Shepardson | ) www.reuters.com   time to read: +3 min
July 26 (Reuters) - Boeing's (BA.N) first delivery of the 737 MAX 7 has been delayed to 2024, the company said in an SEC filing on Wednesday. Boeing still expects the Federal Aviation Administration to certify the MAX 7 and begin FAA certification flight testing for the MAX 10 in 2023, the company said. MAX 10 is currently slated for first delivery in 2024. Both the MAX 7 and MAX 10 are seen as critical for Boeing to compete against Airbus (AIR.PA) for orders at the top and bottom of the narrowbody markets. Boeing must first win approval from the Federal Aviation Administration for its smaller MAX 7 before it can get approval for the MAX 10.
Persons: Dave Calhoun, Mike Fleming, Boeing's, Bob Jordan, Ben Minicucci, Valerie Insinna, David Shepardson, Chris Reese, Nick Zieminski Organizations: SEC, Boeing, Federal Aviation Administration, FAA, Airbus, Southwest Airlines, Wall, Reuters, Airbus ’, Southwest, Alaska Airlines, Thomson Locations: Washington
☆ Despite travel demand Alaska Airlines is seeing a loss in pricing power: Alaska CEO Ben Minicucci
  + stars: | 2023-07-25 | 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 EmailDespite travel demand Alaska Airlines is seeing a loss in pricing power: Alaska CEO Ben MinicucciCNBC's Phil LeBeau with Ben Minicucci, CEO of Alaska Air, join 'The Exchange' to discuss a surge in international travel, Alaska Air's guidance leading to a slump in share prices, and how climatic extremes are causing headwinds to business performance.
Persons: Ben Minicucci, Phil LeBeau, headwinds Organizations: Alaska Airlines, Alaska Air Locations: Alaska
☆ Alaska Airlines CEO 'anxious' for Boeing 737 MAX 10 deliveries
  + stars: | 2023-06-21 | by ( David Shepardson | ) www.reuters.com   time to read: +2 min
WASHINGTON, June 21 (Reuters) - Alaska Airlines (ALK.N) is "anxious" to begin taking deliveries of the larger Boeing 737 MAX 10 to help it carry more passengers once the plane is certified, the carrier's CEO Ben Minicucci said on Wednesday. Boeing (BA.N) must first win approval from the Federal Aviation Administration for its smaller MAX 7 before it can get approval for the MAX 10. In October, Alaska Airlines said it was exercising options to purchase 52 MAX aircraft for delivery between 2024 and 2027 and secured rights for 105 more planes through 2030. Both the MAX 7 and MAX 10 are seen as critical for Boeing to compete against Airbus (AIR.PA) for orders at the smaller and larger ends of the narrowbody market. Minicucci said Alaska has a good relationship with Boeing, which builds the MAX near its Seattle headquarters and has been transparent about supply chain issues.
Persons: Ben Minicucci, Minicucci, David Shepardson, Chris Reese, Jamie Freed Organizations: Alaska Airlines, Boeing, Federal Aviation Administration, Airbus, Thomson Locations: Alaska, Seattle
☆ Alaska Airlines is getting rid of the self-serve airport kiosks that print boarding passes
  + stars: | 2023-04-24 | by ( Bianca Giacobone | ) www.businessinsider.com   time to read: +3 min
Alaska Airlines is removing check-in kiosks as part of a $2.5 billion overhaul of its airport lobbies. Alaska Airlines has started removing kiosks to print boarding passes at airports, as part of a $ 2.5 billion investment in its passengers' "lobby experience." QR codes in airport lobbies will prompt passengers to get a boarding pass on their phones if they arrive without one, an Alaska Airlines representative told Insider. Kiosks have already been removed at nine airports: Portland International Airport in Oregon, Boise Airport, Cleveland Hopkins International Airport, Indianapolis International Airport, Harry Reid International Airport in Las Vegas, Missoula International, Ontario International, Palm Springs International, Rocky Gutierrez Airport in Sitka, Alaska. Alaska Airlines is a passengers' favorite in terms of customer satisfaction, according to a recent survey.
☆ Alaska Airlines CEO Ben Minicucci: We see a strong demand going into Q2
  + stars: | 2023-04-20 | 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 EmailAlaska Airlines CEO Ben Minicucci: We see a strong demand going into Q2Alaska Airlines CEO Ben Minicucci and CNBC's Phil Lebeau join 'The Exchange' to discuss Alaska's wider than expected Q2 earnings loss, the factors complicating Alaska's earnings picture, and strategic investments towards upgrading airline technology infrastructure.
☆ Alaska Airlines CEO: We see upside in the business recovery in West Coast travel
  + stars: | 2023-01-26 | 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 EmailAlaska Airlines CEO: We see upside in the business recovery in West Coast travelAlaska Air CEO Ben Minicucci joins 'The Exchange' to discuss the company's quarterly earnings results, how much storms in California impacted the company's business, and more.
☆ Alaska Air CEO: It was a great third quarter, a record revenue quarter for us
  + stars: | 2022-10-20 | 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 EmailAlaska Air CEO: It was a great third quarter, a record revenue quarter for usCNBC's Phil LeBeau joins 'The Exchange' to speak with Alaska Air CEO Ben Minicucci to discuss the companies earnings report and why the company's stock is taking a hit.
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