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☆ Fast food chains are locked in a 'value war' for US customers
▼ + stars: | 2024-11-02 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +6 min

Fast food chains say they're locked in a "value war" to win increasingly choosy US customers. As a flurry of summer deals come to an end, quick-serve chains say they're now locked in a "value war" to win increasingly choosy US customers. Between higher ingredient usage and other costs on the one hand, and a more competitive consumer economy, interim CEO Scott Boatwright said Chipotle was well-positioned to win the "value war" in fast-casual dining. "We absolutely believe that value in an environment of value-seeking consumers is not about only executing price-pointed promotions and value deals and value bundles — there's more to that." Plosch added that beyond the burger chain's creative promotions, the core menu remains essential to getting customers to come back.

Persons: —, Michael Zuccaro, Chipotle, Scott Boatwright, Brian Niccol, who's, we've, Alex Kaleida, Chris Kempczinski, Kempczinski, Ian Borden, Shack, Robert Lynch, Gunther Plosch Organizations: Service, Starbucks

☆ These late-deciding voters could swing the election: From the Politics Desk
▼ + stars: | 2024-11-01 | by ( The Politics Desk | ) www.nbcnews.com time to read: +5 min

Welcome to the online version of From the Politics Desk, an evening newsletter that brings you the NBC News Politics team’s latest reporting and analysis from the campaign trail, the White House and Capitol Hill. The final undecided voters could sway the election. But in a narrowly divided presidential election, voters who have put off making a decision until the last minute could find themselves with the power to decide the future of the country. Late-deciding voters broke for Trump in 2020 and 2016, with some analysts and strategists in both campaigns crediting them for electing Trump eight years ago. And it was true in 2020, when the pandemic and debates played an oversize role in the election featuring Trump and Joe Biden.

Persons: Kristen Welker, They’re, Alex Seitz, Wald, Annemarie Bonner, Bridget Bowman, Wardwell Procrastination, Donald Trump, Kamala Harris, Harris, Trump, John Kelly, Adolf Hitler, Joe Biden, Liz Cheney, Superstorm Sandy, Barack Obama, Mitt Romney, James Comey’s, Hillary Clinton Organizations: NBC, White House, Capitol, ’, NBC News, Trump, Madison, Garden, Republican, “ Locations: Coast

☆ The final undecided voters could sway the election. They’re not wild about the choice.
▼ + stars: | 2024-11-01 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Alex-Seitz-Wald-Circle-Byline-Template.Jpg | Alex Seitz-Wald | ) www.nbcnews.com time to read: +9 min

In NBC News’ early October national survey, just 4% of registered voters said they didn’t want to make a choice between former President Donald Trump and Vice President Kamala Harris. One said they plan to vote for Trump, another that they are likely to vote for Harris, and another plans to not vote at all. How anyone could still be undecided a week out from a critical election can be difficult to fathom for supporters of either Trump or Harris. Eric Bush, a systems administrator from Florida, said he’s waiting until he is in the voting booth to make his final choice. But he is still weighing backing Harris, acknowledging a vote for Harris could lead to bigger-government policies that could help others.

Persons: Donald Trump, Kamala Harris, Harris, Trump, Eric Bush, he’s, “, ” Bush, ”, Deshaun, ” Hall, Helen Peppas, Biden, ” “ Trump, I’m, ’, Rachel Naiziurski, Jill Stein, Naiziurski, Chase Oliver, Mike Pence, Oliver, Rob Czaplewski, Nikki Haley, Marco Rubio, ” Czaplewski Organizations: NBC, ’, NBC News, Trump, Green Party, Biden, Israel, Capitol, Nebraska Republican, United Nations, GOP Locations: Florida, Connecticut, Pennsylvania, Ohio, Idaho, New York, Gaza, Amarillo , Texas

There are questions on whether North Korea has acquired the technology to shield warheads from the high-temperature, high-stress environment of atmospheric reentry. Many foreign analysts say North Korea also must have improved altitude control and guidance systems for missiles. They say North Korea needs an ability to place multiple warheads on a single missile to defeat its rivals’ missile defenses. All of North Korea’s known ICBM tests, including Thursday’s, have been performed on steep angles to avoid neighboring countries. North Korea’s reported troop dispatch highlights the expanding military cooperation between North Korea and Russia.

Persons: ” KCNA, Kim Jong Un, ’, Kim, “, Lee Sung Joon Organizations: North, Thursday, Korean Central News Agency, “ matchless, Observers, U.S Locations: SEOUL, South Korea, North Korea, U.S, North, Korea, Korean, Russia, Ukraine

☆ Trump and Harris portfolios to play the election winner, according to Strategas Research
▼ + stars: | 2024-11-01 | by ( Sean Conlon | ) www.cnbc.com time to read: +4 min

"The differences between Trump and Harris are as wide as we have ever seen." Differences in trade policy specifically, he said, are going to "determine where growth and earnings take place around the world." In contrast to Trump's trade policy, reduced trade tensions under Harris could lead to gains for FedEx , which has advanced more than 8% this year. During that debate, Harris also accused Trump of gearing up to abandon support of Ukraine. If Harris were to win the election, Clifton believes RTX is beneficiary of continued U.S. support of Ukraine.

Persons: Strategas, Donald Trump, Kamala Harris, Daniel Clifton, Harris, Clifton, Lazard, Trump, RTX Organizations: U.S, NBC, Trump, Republican, Basel III, Nasdaq, FedEx, Biden, NextEra Energy Locations: China, Basel, India, Cleveland, Southern, Ukraine, U.S

☆ Why Wall Street is skeptical about Comcast's proposal to ditch its cable networks and pair Peacock with a competitor
▼ + stars: | 2024-11-01 | by ( James Faris | ) www.businessinsider.com time to read: +7 min

Comcast's Mike Cavanagh said the company will explore ditching its cable networks. AdvertisementComcast said this week it might separate from its cable networks and marry off its streaming service. Mike Cavanagh, Comcast's president, floated the idea Thursday of spinning out cable networks like CNBC and MSNBC into a new firm while holding on to NBC. Several industry analysts said that Comcast could increase its valuation by divorcing itself from its declining cable networks, as it would help emphasize its burgeoning streaming business. "The cable networks likely have little value on their own.

Persons: Comcast's Mike Cavanagh, Peacock, —, Mike Cavanagh, Cavanagh, Jessica Reif Ehrlich, isn't, John Hodulik, Craig Moffett, Moffett, Insider's Peter Kafka, Michael Hodel, Tim Nollen, Rich Greenfield, Greenfield, it's, David Zaslav, WBD, NBCU, Brandon Katz, Max, Katz Organizations: Wall Street, Service, Comcast, CNBC, MSNBC, NBC, Disney, ABC, Bank of America, Warner Bros, UBS, Morningstar, Lightshed Partners, Starz, WBD's, NBA, Paramount, Max Locations: MoffettNathanson, USA

Peloton announced that Ford executive Peter Stern will join the company as its new CEO. The fitness company is betting Stern can help turn things around. He's expected to focus on trimming spending and retaining current Peloton subscribers. Peloton announced in May 2024 that CEO Barry McCarthy would be stepping down. McCarthy's departure came as the fitness company announced it was cutting around 15% of its workforce.

Persons: Peter Stern, Stern, —, Simeon Siegel, Neil Saunders, Saunders, Siegel, Scott Markman, Barry McCarthy, Everest Organizations: Ford, Service, Capital Markets, GlobalData, Apple

☆ Russia faces a crisis regardless if Putin ends or continues the war in Ukraine, economist says
▼ + stars: | 2024-11-01 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +5 min

Russia faces a crisis whether it continues the war or not, economist Alexander Mertens says. War spending has been a major boost to Moscow's GDP growth and wealth, and ending the war will be tricky. If Russia continues the war, the economy looks on track for a "severe recession" and long-running stagnation, Mertens said. "The current state of the Russian economy is far from critical but it does present Putin with a dilemma. The Russian economy is not yet close to collapse, but it is increasingly dependent on wartime conditions and faces growing risks of overheating."

Persons: Alexander Mertens, —, Vladimir Putin, Mertens, Merten, Putin, That's Organizations: Service, Kyiv's International Institute of Business, Ukraine, Atlantic Council, Russian National Welfare Fund, Kremlin, International Monetary Fund Locations: Russia, Ukrainian, Ukraine

☆ Apple's China headache isn't going away anytime soon
▼ + stars: | 2024-11-01 | by ( Jordan Hart | ) www.businessinsider.com time to read: +3 min

Greater China is a key market for Apple, with new AI features expected to roll out in April. It also rolled out its highly-anticipated Apple Intelligence software in the US in English on Monday. While consumers may be buying the newest iPhones in Greater China, they'll have to wait until April for Apple Intelligence to launch in Chinese, however. However, competition is stiff, and Apple Intelligence still needs time to prove itself. It'll take months to know for certain if AI can move the needle for Apple in Greater China.

Persons: Apple, —, Tim Cook, Jacob Bourne, It'll Organizations: Apple, Baidu, Service, Apple Intelligence, Huawei, Xiaomi, Business, Wedbush Securities Locations: Greater China, China, EMARKETER

☆ These stocks reporting next week have momentum heading into earnings and are well liked
▼ + stars: | 2024-11-01 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

A handful of stocks have momentum behind them heading into their quarterly results next week. With roughly 64% of S & P 500 companies reporting results thus far, they've collectively posted earnings growth of more than 9%. Analysts have increased their earnings forecasts for DuPont by more than 23% over the past six months and 29% over the past six months. Of all the stocks, analysts are most optimistic on Constellation Energy . Earnings forecasts over the past three months have surged 215%, faster than the 163% increase seen in the trailing six months.

Persons: they've, Wolfe, Chris Parkinson, Parkinson, JPMorgan Chase, Jeremy Tonet, Tonet Organizations: Analysts, DuPont, Constellation Energy, CNBC Pro, Wolfe Research, PFAS, JPMorgan, Howmet Aerospace, Emerson Electric

☆ Chevron beats earnings expectations, returns more than $7 billion to shareholders
▼ + stars: | 2024-11-01 | by ( Spencer Kimball | ) www.cnbc.com time to read: +2 min

Chevron beat third-quarter earnings and revenue expectations, returning a record amount of cash to shareholders. The company is also targeting $2 billion to $3 billion in cost reductions from 2024 through the end of 2026. When adjusted for foreign currency impacts, the company reported earnings of $2.51 per share, solidly topping Wall Street's expectations for the quarter. Chevron booked revenue of $50.67 billion, also beating Street expectations but declining 6% from the $54.1 billion reported in the third quarter last year. The oil major returned a record $7.7 billion to shareholders in the quarter, including $4.7 billion in share buybacks and $2.9 billion in dividends.

Persons: Hess, John Hess Organizations: Chevron, LSEG, Federal Trade Commission, Exxon Mobil, Hess Corp Locations: Canada, Congo, Alaska, Guyana

☆ Wendy’s is closing 140 restaurants
▼ + stars: | 2024-11-01 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +1 min

New York CNN —Wendy’s is closing 140 restaurants in the coming months, the fast food chain announced this week. But the company said it would open an equal number of new locations in areas it believes can generate better business for Wendy’s. “Overall, Wendy’s system is incredibly healthy.”This round of closures are in addition to 100 closings that Wendy’s announced in May. Despite the rounds of closures, the overall number of Wendy’s, which stands at about 6,000 in the US, isn’t shrinking. Other chains recently announced closures of underperforming locations, including Denny’s and Shake Shack.

Persons: New York CNN —, Kirk Tanner, Tanner, “, Wendy’s “, ”, Wendy’s, WEN, SpongeBob, ” Tanner Organizations: New, New York CNN, Wendy’s Locations: New York

Companies beat expectations, with some boosted by large cloud growth. AdvertisementThe tech giants Meta, Alphabet, Amazon, Apple, and Microsoft reported earnings this week, and investors were laser-focused on the results of AI investments. Cloud is kingMicrosoft, Alphabet, and Amazon saw significant growth in their cloud businesses, fueled by increased demand. Jeremy Goldman, EMARKETER's senior director of briefings, told BI that Microsoft's cloud business had decelerated from the "breakneck pace" of previous quarters. Related storiesWhile Google reported stronger cloud growth, Microsoft still leads it in cloud market share, and both are behind Amazon Web Services.

Persons: —, Kate Leaman, Jeremy Goldman, EMARKETER's, Amy Hood, Dan Romanoff, Andy Jassy, Tracy Woo, Forrester, AWS's, Jassy, Rufus, Sundar Pichai, Pichai, Mark Zuckerberg, Hood, Michael Field, Jaejune Kim, Lisa Su, we've Organizations: Apple, Companies, Service, Microsoft, Amazon, Morningstar, Google, Amazon Web, Amazon Web Services, Investment, Big Tech, Bank of America Securities, Meta, Nvidia, SK Hynix, Samsung, AMD, Services

☆ Super Micro's 44% plunge this week wipes out stock's gains for the year
▼ + stars: | 2024-11-01 | by ( Ari Levy | ) www.cnbc.com time to read: +4 min

Charles Liang, chief executive officer of Super Micro Computer Inc., during the Computex conference in Taipei, Taiwan, on Wednesday, June 5, 2024. The company's recent challenges date back to August, when Super Micro said it would not file its annual report on time with the SEC. Super Micro disclosed on Wednesday that Ernst & Young had resigned as its accounting firm just 17 months after taking over from Deloitte & Touche. That's up from $2.1 billion a year earlier and $1.9 billion in the same fiscal quarter of 2023. WATCH: I don't know if Super Micro is guilty or innocent, says Jim Cramer

Persons: Charles Liang, Dow Jones, Ernst, Young, Ernst & Young, Jim Cramer Organizations: Super, Computer Inc, Super Micro, Nasdaq, U.S, SEC, Hindenburg Research, Street, Department of Justice, Deloitte, Touche, CNBC, Ernst, Argus Research, Justice Department, Micro Locations: Taipei, Taiwan

☆ Analysts stay bullish on Apple with hopes of an iPhone upgrade boom
▼ + stars: | 2024-11-01 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

Despite a somewhat mixed quarterly report, analysts on Wall Street are sticking by Apple . Goldman Sachs reiterates buy rating and $286 price target Analyst Michael Ng's forecast implies about 27% upside from Thursday's close. UBS stays neutral on Apple stock over 'muted' iPhone demand outlook The firm's $236 per share price target calls for about 4% upside. Bank of America remains unchanged with $256 per share target price Analyst Wamsi Mohan reiterated a buy rating on Apple. "With iPhones likely flat to modestly up into Dec, we expect iPhone growth to improve through F25 and beyond."

Persons: Tim Cook, Goldman Sachs, Michael Ng's, Ng, Morgan Stanley, Erik Woodring, Woodring, qtr, David Vogt, Wamsi Mohan, Mohan Organizations: Apple, CNBC, Wall, Apple Intelligence, UBS, Bank of America Locations: CY25

☆ Jim Cramer's hopeful on Abbott Labs after court case win
▼ + stars: | 2024-11-01 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

But Thursday night, the jury from its second trial found the company not liable. The second trial was brought before the same judge in Missouri as the first one. Abbott Labs' shares jumped on Friday in response to the news, finishing the session up 4.61%. Cramer listed reasons he's positive on Abbott Labs, saying he likes the company's four core businesses, especially its medical device arm focused on cardiology and diabetes. Abbott Labs did not immediately respond to request for comment.

Persons: CNBC's Jim Cramer, Abbott's, necrotizing, Cramer, Health —, Abbott Organizations: Abbott Laboratories, NEC, Abbott Labs, and Drug Administration, Center for Disease Control, National Institutes, Health, Abbott Locations: Missouri

☆ Why fast-food chains and big brands love loyalty programs
▼ + stars: | 2024-11-01 | by ( Nora Redmond | ) www.businessinsider.com time to read: +6 min

Fast-food chains and retailers are using loyalty programs to drive sales amid inflation challenges. AdvertisementRetailers and fast-food chains are leaning into loyalty programs to drive sales. Starbucks' loyalty program is also growing. AdvertisementThe power lies in the perksHowever, a good loyalty program should be about more than just the points. Advertisement"In a marketplace where choices are endless, a strong loyalty program doesn't just retain customers, it also builds a relationship that feels personal and valuable," she said.

Persons: —, McDonald's, Chris Kempczinski, Kempczinski, It's, Laxman Narasimhan, Paschal, Lindsey Wasson, Burger, Kevin Shahnazari, Zsuzsa Kecsmar, Zarina Stanford, doesn't, Kecsmar Organizations: Service, Global, Starbucks, Costco, AP, KFC, Burger King, Nike Locations: Colorado

☆ Stocks making the biggest moves midday: Intel, Amazon, Boeing, Chevron and more
▼ + stars: | 2024-11-01 | by ( Pia Singh | In | ) www.cnbc.com time to read: +4 min

The company posted earnings of $1.88 per share, excluding items, on revenue of $52.28 billion. Analysts polled by FactSet called for adjusted earnings per share of $1.62 on revenue of $50.90 billion. Intel — Shares popped 9% after the chipmaker topped third-quarter earnings estimates and shared upbeat quarterly guidance. The company posted adjusted earnings of 17 cents per share on $13.28 billion in revenue. Chevron also returned a record of more than $7 billion to shareholders in the quarter through buybacks and dividends.

Persons: Health —, Cardinal, FactSet, Atlassian, Donald Trump, Ernst, Ernst & Young, Avis, —, Alex Harring, Brian Evans, Michelle Fox Theobald, Sean Conlon, Samantha Subin Organizations: Health, Boeing —, Intel, Amazon, Web Services, Apple —, Trump Media & Technology Group, Communications, Abbott Laboratories, Abbott, Ernst &, Avis Budget, LSEG, Chevron Locations: Europe, buybacks

☆ Satellite images show Russia weirdly emptied its warships out of a Black Sea Fleet base only to put them back later
▼ + stars: | 2024-11-01 | by ( Jake Epstein | ) www.businessinsider.com time to read: +8 min

The weird behavior follows devastating Ukrainian attacks on the Black Sea Fleet. The puzzling behavior has not yet been attributed to anything in particular, but it comes against the backdrop of a Ukrainian long-range strike campaign against the Russian Black Sea Fleet. The Black Sea Fleet was long headquartered at Sevastopol, in the southwestern corner of the occupied Crimean peninsula. Related Video Ukraine's sea drones vs. Russia's Black Sea FleetRussian warships during a naval celebration in Novorossiysk in July 2022. Ukraine's Sea Baby drones have been a weapon of choice during the Black Sea campaign.

Persons: —, BlackSky, BlackSky Brady Africk, Africk, That's Organizations: Black, Service, Business, Fleet, Ukrainian, Sea Fleet, AP, US, American Enterprise Institute, Security Service, Kyiv, Russian Locations: Russian, Russia, Novorossiysk, Sevastopol, Crimean, Feodosia, Crimea, Ukraine, Kyiv, we've, Moscow

☆ Exxon earnings beat, increases fourth-quarter dividend
▼ + stars: | 2024-11-01 | by ( Spencer Kimball | ) www.cnbc.com time to read: +1 min

An Exxon gas station is seen in the Brooklyn borough of New York City on Oct. 6, 2023. Exxon Mobil beat third-quarter earnings expectations, as the oil major reached its highest liquids production level in more than four decades. Revenues: $90 billion, vs. $93.94 billion expectedThe oil major booked net income of $8.61 billion in the quarter, or $1.92 per share, down about 5% compared to $9.1 billion, or $2.25 per share, in the year-ago period. The company returned $9.8 billion to shareholders in the quarter and increased its fourth-quarter dividend to $0.99 per share. Exxon said it has reached its high production level in more than 40 years at 3.2 million barrels per day.

Organizations: Exxon, Exxon Mobil, LSEG Locations: Brooklyn, New York City

☆ Surge in UK borrowing costs is not a repeat of the 'mini-budget' crisis, economists say
▼ + stars: | 2024-11-01 | by ( Jenni Reid | ) www.cnbc.com time to read: +4 min

Loading chart...LONDON — U.K. borrowing costs posted two days of gains right after the Labour government unveiled a huge package of borrowing and tax rises in its Wednesday budget — but analysts downplayed the possibility of a second "mini-budget" crisis in the British bond market. The 10-year gilt yield , representing medium-term borrowing costs for the government, was slightly lower on the day at 11:20 a.m. London time. Yields move inversely to prices, so higher yields represent a sell-off in bonds — and an aversion to funding U.K. debt. The incident sent bond yields soaring so rapidly, they threatened to destabilize pension funds. Loading chart..."The market is right to be concerned" about the U.K. fiscal outlook, Mohit Kumar, chief financial economist for Europe at Jefferies, told CNBC.

Persons: Rachel Reeves, Reeves, Liz Truss, BOE, Susannah Streeter, Hargreaves Lansdown, It's, Streeter, CNBC's, Sterling, Mohit Kumar, We've Organizations: LONDON, Labour, Wednesday, Bank of England, Deutsche Bank, Hargreaves, U.S ., Jefferies, CNBC Locations: London

Following Friday's trade, Jim Cramer's Charitable Trust will own 30 shares of BLK, increasing its weighting to 0.85% from 0.5%. Our CNBC Investing Club Reporter Morgan Chittum took a look at a few catalysts on the horizon that can keep BlackRock's earnings momentum going. Elsewhere, BlackRock's GIP deal also shows investors that the firm "got back on the front foot" in private markets growth, Evercore ISI said in a recent note. 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's, Morgan Chittum, Larry Fink, Fink, Biden, there's, Sudhir Nair, BlackRock's, Morgan Stanley, Jim Cramer, Jim Organizations: BlackRock, BLK, Devices, CNBC Investing, Catalyst, Global Infrastructure Partners, Biden Administration, Club, Microsoft, Preqin, Money, Federal Reserve, Boeing, CNBC Locations: BlackRock, U.S, Florida, Riyadh, Saudi Arabia

☆ These are the most overbought stocks as November kicks off
▼ + stars: | 2024-11-01 | by ( Pia Singh | In | ) www.cnbc.com time to read: +4 min

Investors have been accumulating shares of several big-name companies, from GE Vernova to United Airlines , during the market's recent dip. But those and other overbought stocks could be due for a pullback, according to one popular yardstick. Strong earnings from tech giants Amazon and Intel late Thursday were partly responsible for equity gains on Friday, as investors still look to megacap tech stocks for leadership. CNBC Pro screened for stocks that are considered technically overbought on the basis of their 14-day relative strength index, or RSI. Companies with a 14-day RSI above 70 are often regarded as overbought, signaling a pullback may be ahead, while a 14-day RSI below 30 often suggests a stock is oversold and could see future upside.

Persons: Nicole DeBlase, DeBlase, FactSet, Estée Lauder, Dr Pepper Organizations: GE Vernova, United Airlines, Dow, Nasdaq, Amazon, Intel, CNBC Pro, Companies, GE, FactSet, Electric, Deutsche Bank, Pharmaceuticals, eBay Locations: United, U.S, Chicago, China

☆ Wealth manager for the super-rich names 3 stocks to buy before the year-end
▼ + stars: | 2024-11-01 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +5 min

Equity markets rallied this year, as investors remained bullish on Big Tech but also scooped up shares in under-the-radar companies. Year-to-date, shares in Exxon have gained 16.7%, while the stock of Barrick and Microsoft have gained around 10.8% and 15% respectively. Microsoft Teng remains bullish on Microsoft, despite Wrise making a "partial switch" and reducing its weight in the tech giant while increasing allocations to Nvidia in early August. Microsoft and and Nvidia are among the so-called Magnificent Seven stocks, which also include Alphabet , Amazon , Apple , Meta Platforms and Tesla . Nike Athletic footwear and apparel label Nike is another stock that Teng likes, despite bearish sentiments in Wall Street.

Persons: Kevin Teng, —, Barrick, Barrick Gold Teng, Microsoft Teng, Teng, OpenAI, AlixPartners, Walt Disney, Mickey Mouse Organizations: Big Tech, CNBC Pro, Wrise Private Singapore, Microsoft, behemoth Exxon Mobil, Barrick Gold, Exxon, Barrick, Exxon Mobil, Nvidia, Apple, Tesla, Nike Athletic, Nike, Disney, Marvel Studios, Disney Plus, 4Q, Pixar Animation Studios Locations: Asia, East, Europe, Wall Street

☆ JetBlue founder says struggling airlines need to ditch barebones planes and give flyers more choices
▼ + stars: | 2024-11-01 | by ( Taylor Rains | ) www.businessinsider.com time to read: +7 min

Budget airlines like Spirit, Frontier, and Southwest are struggling to turn a profit. The still-in-service airlines Neeleman founded, like JetBlue Airways, Azul Brazilian Airlines, Canada's WestJet, and Breeze Airways, largely follow this idea. Historically, these strategies have been absent from the likes of Spirit, Frontier, and Southwest, which have stuck to all-economy aircraft with little choice. Southwest Airlines boats an open-seating policy where seats are first-co,me first-serve. Low-cost airlines should continue to ditch barebones planesSouthwest shouldn't be the only one to move away from historical norms.

Persons: David Neeleman, —, David Neeleman —, Thomas Pallini, haven't, Neeleman, that's, Barry Biffle, They're, we've, WestJet, Scott Kirby, doesn't, Kevin Carter, Breeze Organizations: Service, JetBlue —, Breeze Airways, Alaska Airlines, Hawaiian Airlines, Street, Frontier, Neeleman, JetBlue Airways, Azul Brazilian Airlines, JetBlue, Southwest Airlines, Morris Air, Spirit, Airbus Locations: Southwest, Frontier, Breeze

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