DIRS.INFO The most relevant business & tech news

☆ These are the top 10 busiest airports in the world—5 of them are in the U.S.
▼ + stars: | 2023-04-10 | by ( Celia Fernandez | ) www.cnbc.com time to read: +3 min

Airports Council International , the trade association of the world's airports, recently released its annual ranking of the busiest airports in the world. Hartsfield–Jackson Atlanta International Airport (ATL) Dallas/Fort Worth International Airport (DFW) Denver International Airport (DEN) Chicago O'Hare International Airport (ORD) Dubai International Airport (DXB) Los Angeles International Airport (LAX) Istanbul Airport (IST) Heathrow Airport (LHR) Indira Gandhi International Airport (DEL) Paris Charles de Gaulle Airport (CDG)Atlanta's Hartsfield-Jackson international airport topped the list as the world's busiest airport for the second year in a row. The only year that Atlanta hasn't been the busiest airport in the last four years was 2020 when ATL came in second behind Guangzhou Baiyun International Airport in southern China. DFW is the second-largest airport by land area in the United States after Denver International Airport, according to the Department of Transportation. Denver International Airport has also been among the top 20 busiest airports in the world every year since 2000, according to the Port Authority of New York and New Jersey.

☆ Wall Street says bad news is no longer good news. Here’s why
▼ + stars: | 2023-04-09 | by ( Krystal Hur | ) edition.cnn.com time to read: +6 min

New York CNN —There’s been a seismic shift in investor perspective: Bad news is no longer good news. Markets teetered after a slew of economic reports signaled that the red-hot labor market is finally cooling (more on that later), flashing warning signals across Wall Street. Now that Wall Street is in “bad news is bad news and good news is good news” mode, it will be looking for signs that the economy remains resilient. President Joe Biden said in a statement Friday that the March data is “a good jobs report for hard-working Americans.”The March jobs report revealed that US employers added a lower-than-expected 236,000 jobs last month. The jobs report was also the first one in 12 months that came in below expectations.

☆ These are analysts' favorite S&P 500 stocks as the second quarter kicks off
▼ + stars: | 2023-04-09 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Wall Street has some favorite stocks in mind as the second quarter kicks into full swing. The S & P 500 ended the shortened trading week — the first of the new quarter — down 0.1% . As investors position themselves in the early innings of the quarter, CNBC Pro found the most liked S & P 500 stocks on Wall Street. Around seven out of 10 analysts rate the stock a buy, with the average price target implying a nearly 34% upside. Hasbro shares are down nearly 15% in 2023.

☆ 3 reasons big bank earnings are super important to the stock market in the week ahead
▼ + stars: | 2023-04-08 | by ( Zev Fima | ) www.cnbc.com time to read: +7 min

There are two big watchers on our list for the week ahead, and one of them — believe it or not — is not an inflation reading. The consumer price report (CPI), which calculates the average change over time in prices shoppers pay for goods and services, comes out Wednesday before the opening bell. Other data next week includes the producer price index report on Thursday and the retail sales report on Friday. ET: Consumer Price Index 2:00 p.m. The most important macroeconomic update of the week came on Friday while the market was closed for Good Friday.

☆ United will cut some New York-area, D.C. flights after US waiver
▼ + stars: | 2023-04-06 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

Daily flights between Newark and Ronald Reagan Washington National Airport will drop to 10 from 18. Daily departures from New York LaGuardia Airport to Washington Dulles International Airport will decrease to six from nine. United could cut more flights beginning in June. Airlines have already cut about 10% of scheduled flights this spring to address performance issues, said trade group Airlines for America. Last summer air traffic control staffing was a factor in delays of 41,498 flights from New York airports, the FAA disclosed in March.

☆ Key inflation data and earnings reports loom as labor market signals a slowing U.S. economy
▼ + stars: | 2023-04-06 | by ( Jesse Pound | ) www.cnbc.com time to read: +4 min

Fed officials have been pointing to the tight labor market as an area of concern for inflation, using it as evidence that it hasn't tightened rates enough. After months of strategists and investors complaining that earnings estimates are too high, they've started to fall — but with a catch. If the trough in earnings is close, then the stock market could be in for a big year. ET - Producer price index Friday: Earnings: UnitedHealth, JPMorgan Chase, Wells Fargo, BlackRock, Citigroup, PNC Financial 8:30 a.m. ET - Fed H.8 data on assets and liabilities of U.S. commercial banks

☆ American, Delta, and United have collectively dropped 74 US airports since the pandemic — see the full list
▼ + stars: | 2023-04-05 | by ( Taylor Rains | Bianca Giacobone | ) www.businessinsider.com time to read: +4 min

American Airlines, Delta Air Lines, and United Airlines have exited 74 airports since 2020. Some of the airports are in the Essential Air Service program and are now served by a new airline. In September 2022, the company's research revealed American Airlines, Delta Air Lines, and United Airlines had exited 59 airports. In total, American has left 19 airports, Delta has exited 17, and United has departed 38. American, Delta, and United have all cut routes in recent years, citing poor performance and the pilot shortage as contributing factors.

☆ These well-liked stocks are cheap and set for big earnings growth
▼ + stars: | 2023-04-05 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

Alaska Air joins it with expected earnings growth of 31.5% and buy ratings from 86% of analysts. It has the second-largest estimated earnings growth at 72.5%. Ahead of it in earnings growth is Vici Properties , the real estate investment trust. In tech, Microchip Technology 's earnings growth is projected at 30% and potential upside to its stock price at 19%. The other tech name, dating app operator Match Group , ties with Baker Hughes with a forward price-earnings multiple of 17.9.

☆ Delta and United are dropping service to more cities as the trend of leaving regional airports behind continues
▼ + stars: | 2023-04-05 | by ( Bianca Giacobone | ) www.businessinsider.com time to read: +3 min

The two airlines have collectively dropped 55 regional airports since the COVID-19 pandemic. "Delta continues to evaluate the regional market, monitoring regional carrier pilot availability and customer demand. After Delta pulls out, La Crosse Regional Airport will still be connected to Chicago by American Airlines. The four airports are the latest in a long list of regional airports that were abandoned by major airlines as a consequence of the COVID-19 pandemic. Including the airports cited above, Delta has dropped 17 regional destinations and United 38 regional destinations since the beginning of the pandemic.

☆ U.S. airline loyalty programs can provide buffer from possible recession
▼ + stars: | 2023-04-04 | by ( Rajesh Kumar Singh | ) www.reuters.com time to read: +3 min

[1/3] A United Airlines Boeing 737-900ER plane takes off from Los Angeles International airport (LAX) in Los Angeles, California, U.S. March 28, 2018. REUTERS/Mike BlakeCHICAGO, April 4 (Reuters) - U.S. airlines relied on loyalty programs for revenue during the pandemic, and industry executives and experts said income from them should hold up if the economy slips into a recession. Non-flying activities now account for more than half of all miles earned in major loyalty programs, noted Evert de Boer, managing partner at consulting firm On Point Loyalty, making airlines more resilient to economic swings. People curtailed flying during the pandemic, but still spent on airline loyalty credit cards, said JetBlue (JBLU.O) vice president Chris Buckner. Airline loyalty programs are also highly profitable.

☆ American Airlines pilots 'near' reaching agreement on new contract - union memo
▼ + stars: | 2023-04-03 | by ( ) www.reuters.com time to read: +1 min

CHICAGO, April 3 (Reuters) - Pilots at American Airlines (AAL.O) are "near" reaching a comprehensive agreement in principle with the company on a new contract, according to a pilot union memo seen by Reuters. American pilots, who received their last pay increase in 2019, have been protesting for a new contract. Both American Airlines and United Airlines (UAL.O) have promised an "industry-leading" contract to their pilots. "Every day that passes is a day our pilots labor under a sub-standard agreement that is problematic to both our careers and the certainty of American Airlines' operation," the APA said. American Airlines Chief Executive Robert Isom has said the company is prepared to match the pay rates and profit-sharing formula that Delta has provided in its new pilot contract.

This comes just days after cooling inflation raised hopes that the Fed could soon end its aggressive monetary tightening. Shares of other energy firms such as Exxon Mobil Corp (XOM.N) and Occidental Petroleum Corp (OXY.N) were also up 4.9% and 6.0%, respectively, helping drive a 5.2% jump in the energy sector. The tech-heavy Nasdaq recorded its strongest first-quarter jump of 17% since mid-2020. Among other stocks, shares of American Airlines Group Inc (AAL.O) and Delta Air Lines Inc (DAL.N) edged 0.6% and 1.3% lower on rising crude prices. The S&P index recorded seven new 52-week highs and no new low, while the Nasdaq recorded 40 new highs and 28 new lows.

☆ American Airlines will cut some New York flights this summer
▼ + stars: | 2023-04-03 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

WASHINGTON, April 3 (Reuters) - American Airlines (AAL.O) said Monday it will join other major carriers in temporarily cutting some New York City area flights this summer after the Federal Aviation Administration temporarily relaxed some minimum flight requirements. Air travelers could face another rough summer as carriers struggle to meet burgeoning flight demands after the pandemic. The airline added "it is disappointing to reduce flights for customers as they plan their summer holidays and as New York City works to rebound from the pandemic." Airlines have already cut about 10% of scheduled flights this spring to address performance issues, said trade group Airlines for America. Last summer air traffic control staffing was a factor in delays of 41,498 flights from New York airports.

☆ This week's top S&P 500 stocks include First Republic and this casino owner
▼ + stars: | 2023-03-31 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

The S & P 500 and Nasdaq Composite are up about 2.9% and 2.8%, respectively. Meanwhile, this month, the Dow is higher by more than 1.3% and the S & P 500 is up 2.8%. Energy stocks outperformed this week on the back of higher oil prices, with the S & P 500 Energy Index up by almost 6%. All 11 sectors in the S & P 500 advanced this week. Caesars Entertainment was the best performer in the S & P 500.

☆ United Airlines reaches contracts with better pay for 30,000 ground workers
▼ + stars: | 2023-03-29 | by ( ) www.reuters.com time to read: +1 min

March 29 (Reuters) - United Airlines Holdings Inc (UAL.O) CEO Scott Kirby said on Wednesday the carrier has reached an agreement in principle with a workers union over new contracts that include higher wages for its nearly 30,000 ground workers. The pacts come as airlines strive to retain workers with attractive pay and benefits after a faster-than-expected rebound in U.S. travel demand following the pandemic triggered a shortage. Members covered by the tentative agreements would get more details, the union said in a statement, adding that a ratification vote would be scheduled shortly. The agreements cover seven different work classifications at United Airlines, including fleet service workers, passenger service workers, storekeepers, central load planners, maintenance instructors, fleet technical instructors and security officers. Reporting by Nathan Gomes in Bengaluru; Editing by Shweta Agarwal and Devika SyamnathOur Standards: The Thomson Reuters Trust Principles.

☆ Delta is spending $1.5 billion to upgrade New York's largest airport — see the improvements so far
▼ + stars: | 2023-03-28 | by ( Taylor Rains | ) www.businessinsider.com time to read: 1 min

Delta's vice president of cargo, Rob Walpole, told Insider it has had to adjust its cargo business through the pandemic, capitalizing on the increased demand for air transport created by bottlenecked shipping ports. Delta got permission from the FAA to transport cargo in the passenger cabin during the pandemic. (These were cargo-only flights.) Delta Air LinesSource: Delta Air Lines, We chartered a boat with a logistics expert to look at port congestion up close and saw how American greed is leading to shortages and empty shelves

☆ US lawmakers make new push to bar convicted violent passengers from flights
▼ + stars: | 2023-03-27 | by ( David Shepardson | ) www.reuters.com time to read: +3 min

WASHINGTON, March 27 (Reuters) - A bipartisan group of lawmakers on Wednesday will make a new push for legislation to bar passengers fined or convicted of serious physical violence from commercial flights after a series of recent high-profile incidents. Last year, the American Civil Liberties Union opposed creating a no-fly list for unruly passengers, saying the U.S. government "has a terrible record of treating people fairly with regard to the existing no-fly list and other watch lists that are aimed at alleged terrorists." Despite the end of the airplane mask mandate in April 2022, the Federal Aviation Administration (FAA) investigated 831 unruly passenger incidents in 2022, up from 146 in 2019, but down from 1,099 in 2021, the lawmakers noted. The FAA received 2,456 unruly passenger reports in 2022 and proposed $8.4 million in fines, down from 5,981 reports in 2021, which included 4,290 mask-related incidents. In February 2022, Delta Air Lines (DAL.N) CEO Ed Bastian urged the U.S. government to place passengers convicted of on-board disruptions on a national no-fly list that would bar them from future travel on any commercial airline.

☆ A Delta passenger was arrested after he opened the plane door, activated the emergency slide, and slid down it as the plane was preparing for takeoff
▼ + stars: | 2023-03-27 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +2 min

A Delta passenger was arrested after he opened the emergency plane door right before takeoff. He slid down the emergency slide and later hopped onto a luggage cart. —New York Post (@nypost) March 26, 2023At around 10 a.m. Eastern Standard Time, the passenger pushed open the plane's emergency door and triggered the emergency exit slide, the Los Angeles Airport Police told CBS News. "Due to the circumstances, FBI has been notified," Los Angeles Airport Police Captain Karla Rodriguez said to CBS News. Representatives for the Federal Aviation Administration, the Los Angeles Police Department, and Delta did not immediately respond to Insider's requests for comment sent outside regular business hours.

☆ Joby Aviation names former FAA administrator as director
▼ + stars: | 2023-03-24 | by ( ) www.reuters.com time to read: +1 min

WASHINGTON March 24 (Reuters) - Joby Aviation (JOBY.N), which is developing electrical aircraft to operate as air taxis, on Friday named former Federal Aviation Administration (FAA) head Michael Huerta to its board of directors. Joby is pushing to win FAA certification for its vertical take-off and landing aircraft ahead of starting planned commercial passenger service in 2025. Huerta served as FAA administrator from 2013 to 2018 after three years as deputy administrator. Joby CEO JoeBen Bevirt said Huerta's seat on both boards "will be invaluable as we prepare for commercial operations." The FAA in November issued airworthiness criteria for Joby to certify its Model JAS4-1 aircraft.

☆ Yes, You Can Put Your Taxes on a Credit Card. Here’s How to Make It Work
▼ + stars: | 2023-03-23 | by ( ) www.wsj.com time to read: +14 min

Sign-up bonusesA much better strategy, according to credit card experts, is to use a hefty tax payment to help you qualify for a generous sign-up bonus on a new credit card. Downsides of paying taxes with a credit cardIn addition to fees, paying your taxes with a credit card isn’t without downsides. Most credit card issuers report your credit card balances and the amount of available credit to all three major credit bureaus monthly. Although having a large balance on a credit card can impact your credit score, the effects aren’t permanent. How to pay federal taxes with a credit cardThe IRS does not directly accept tax payments via credit card.

☆ U.S. FAA cuts airlines' minimum flight requirements at NY, Washington airports
▼ + stars: | 2023-03-22 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

WASHINGTON, March 22 (Reuters) - The U.S. aviation regulator said on Wednesday it will temporarily cut minimum flight requirements for airlines at congested New York City-area airports and Ronald Reagan Washington National Airport to address summer congestion issues, citing air traffic controller staffing levels. Passengers and regulators have expressed outrage while airlines said the FAA needed more staffing. Airlines can lose their slots at congested airports if they do not use them at least 80% of the time. The FAA expects airlines to take actions minimizing impacts on passengers, including operating larger aircraft and ensuring passengers are informed about any possible disruptions. Last summer there were 41,498 flights from New York airports where air traffic control staffing was a contributing factor in delays.

☆ FAA launches new plan to avoid flight delays in NYC, DC this summer
▼ + stars: | 2023-03-22 | by ( Leslie Josephs | ) www.cnbc.com time to read: +2 min

The agency said it will reduce flight requirements for airlines' take off and landing rights to avoid congestion. Airline executives have repeatedly complained about air traffic control shortfalls contributing to flight disruptions as air travel sprang back from pandemic lows in the past few years. Airlines last summer also reduced their schedules to avoid delays as they dealt with their own staffing issues and other strains. The FAA said it expects increased delays in the New York City area this summer compared with last year, projecting a 45% rise in delays with operations growing 7%. Later this month, the FAA will hold a summit with airlines about other ways it can ease disruptions in the area.

☆ Delta to launch flight academy to train more pilots
▼ + stars: | 2023-03-21 | by ( ) www.reuters.com time to read: +1 min

March 21 (Reuters) - Delta Air Lines Inc (DAL.N) said on Tuesday it would launch a flight academy to train pilots for the airline as the industry struggles with a shortage of aviators. The carrier said the academy, operated in partnership with training provider Skyborne Airline, would start training its first batch of students in June. The Delta Propel Pilot Academy will be based in a 12,000-square-foot facility situated within Skyborne's Florida campus, the statement said. Atlanta-based Delta joins United Airlines Holdings Inc (UAL.O), which agreed to purchase a flight training academy in Phoenix in 2020, in an effort to bolster its roster of pilots. Reporting by Priyamvada C in Bengaluru; Editing by Shweta AgarwalOur Standards: The Thomson Reuters Trust Principles.

Online searches by Americans for flights to Europe trips are surging despite soaring air fares, a worsening economic outlook and risks of gridlock at some of the airports in Europe. The travel boom is promising record profit margins at some U.S. carriers, which are ramping up transatlantic capacity to cash in on Americans' thirst for travel to Europe. Travel website Kayak said searches for travel to Europe this summer are up 77% from last year. There is still untapped travel demand for Europe even after a busy summer last year, said Hayley Berg, lead economist at Hopper. Average fare for a round-trip flight to Europe, meanwhile, has risen 31% from last year, Hopper data shows.

☆ The best credit card for each type of purchase
▼ + stars: | 2023-03-20 | by ( Jennifer Yellin | ) edition.cnn.com time to read: +17 min

Since every credit card earns a different amount of points on your common category purchases, the bonus points earned might persuade you to get one credit card over another. Fortunately, there’s a credit card out there for every type of purchase. Let’s check out some of the best credit card to use for all of your spend categories. Best credit cards for each category purchase in 2023While the cards listed here are some of our favorites for their respective categories, they might not be the best for your needs. American Express Gold Card: Best for restaurantsThe Amex Gold card earns 4 points per dollar at restaurants in the U.S. and abroad.

Search resuls for: "Delta Air Line"

25 mentions found