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☆ 737 Max 9: What travelers need to know
▼ + stars: | 2024-01-10 | by ( Marnie Hunter | Forrest Brown | ) edition.cnn.com time to read: +10 min

More than 170 of the Boeing 737 Max 9s remain grounded in the United States. Alaska Airlines said in a statement on January 20 that the airline had completed preliminary inspections on a group of their Max 9 aircraft. NTSB Investigator-in-Charge John Lovell examines the fuselage plug area of Alaska Airlines Flight 1282, a Boeing 737-9 Max, in Portland, Oregon, on Sunday. NTSB/Handout/ReutersThe FAA order grounded 171 of the world’s 737 Max 9 aircraft. What do I do if my flight is canceled because of the grounding of the 737 Max 9?

Persons: Max, ” “ We’re, It’s, John Lovell, Kathleen Bangs, ”, Scott Keyes, ” Keyes, David Soucie, haven’t, it’s, Bangs, ” Bangs, she’s, Keyes Organizations: CNN, Boeing, Max, Federal Aviation Administration, Alaska Airlines, FAA, “, United Airlines, Delta Air Lines, Cirium . Lion, Delta Airlines, Lion, NTSB, Sunday, Reuters, Copa Airlines, Turkish Airlines, Lion Air, CNN Travel, United Locations: Alaska, Portland , Oregon, United States, United, Cirium, Indonesia, Panama, Turkish

☆ Earnings playbook: Your guide to the biggest reports this week, including JPMorgan
▼ + stars: | 2024-01-07 | by ( Fred Imbert | ) www.cnbc.com time to read: +6 min

Friday UnitedHealth is set to report earnings before the bell, with a conference call scheduled for 8:45 a.m. JPMorgan Chase is set to report earnings before the market opens. Management has said it will disclose severance costs and job cuts along with fourth quarter earnings." Delta Air Lines is set to report earnings before the bell, followed by a call at 10 a.m. What history shows: Bank of America beats earnings estimates 79% of the time, per Bespoke.

Persons: Wells, John Butters, Butters, UNH, UnitedHealth, CVS, JPMorgan Chase, Hugh Son, Jane, DAL, Leslie Josephs Organizations: JPMorgan Chase, Citigroup, Bank of America, Delta Airlines, CNBC, LSEG, JPMorgan, First, Management, Delta Air Lines, CNBC CNBC, Delta Locations: Wells Fargo

☆ These 9 stocks are cheaper than the S&P 500 — and look set for big earnings growth in 2024
▼ + stars: | 2024-01-04 | by ( Weizhen Tan | ) www.cnbc.com time to read: +1 min

The S & P 500 rallied 24%, while the tech-heavy Nasdaq Composite ended 2023 up 43.4% in its best year since 2020. Still, there are some stocks trading at cheaper valuations than the broader S & P 500, and which analysts expect will have strong earnings growth in 2024. Delta also had among the highest expected earnings growth at over 90%, and a high buy rating of 82%. One communication services stock showed up — Match Group , with a forward P/E ratio of 18.9 and expected earnings growth of 55.6%. Targa Resources tied with Delta for having the highest buy rating on the list (about 82%).

Persons: Stocks, Delta Organizations: Tech, Nasdaq, CNBC Pro, . Delta Airlines, Arch Capital Group, Match, Targa Resources, Delta

☆ Airlines brace for record Thanksgiving air travel
▼ + stars: | 2023-11-18 | by ( Leslie Josephs | ) www.cnbc.com time to read: +3 min

Airlines expect record travel demand this Thanksgiving. The Sunday after Thanksgiving is expected to be the busiest day during that period with an estimated 2.9 million passengers taking to the skies. And Thanksgiving will be a test to see how the aviation industry handles the year-end holidays while still managing strains like a prolonged shortage of air traffic controllers. Weather readiness is particularly key for Southwest Airlines , which canceled 16,700 flights late last year and in early 2024 following severe winter weather, while other airlines recovered more quickly. Those extra two minutes "just helps that flight and the next flight and the next flight," she said.

Persons: they're, David Pekoske, Andrew Watterson, Linda Jojo, Jojo Organizations: Delta Airlines, Orlando International Airport, Airlines, Transportation Security Administration, Carriers, Southwest Airlines, Skift Aviation, United Airlines Locations: Orlando , Florida, Dallas, Fort Worth , Texas, enplaning

MINNEAPOLIS (AP) — A $242 million overhaul will modernize the main terminal concourses and gate areas at Minneapolis-St. Paul International Airport, officials said. The project announced Thursday by the Metropolitan Airports Commission an Delta Airlines, the airport's dominant carrier, is expected to be completed by late 2025, the Minneapolis Star Tribune reported. Metropolitan Airports Commission CEO Brian Ryks said the goal is to create “an exceptional airport experience for the millions of passengers who travel through” the airport annually. The MAC is investing $182.5 million in the project, with Delta contributing $60 million. Political Cartoons View All 1240 ImagesMost of the work will occur at night so little disruption is expected for flight activity, officials said.

Persons: Brian Ryks Organizations: Paul International Airport, Metropolitan Airports, Delta Airlines, Minneapolis Star Tribune, MAC, Delta Locations: MINNEAPOLIS, Minneapolis, St, ”, Delta

☆ Morgan Stanley says consumers looking for 30% discounts on holiday shopping before buying, sell retail stocks
▼ + stars: | 2023-11-09 | by ( Pia Singh | ) www.cnbc.com time to read: +5 min

Morgan Stanley highlighted several companies that are prepared to withstand — and even benefit from —consumers' shifting preferences this holiday season, as inflationary pressures dampen shoppers' budgets this quarter. According to Morgan Stanley's proprietary monthly survey, most holiday shoppers are looking to see 30% discounts, on average, before they begin spending this holiday season. A strong holiday season should benefit the entire airline industry given the ongoing demand for air travel among consumers across income brackets, according to Morgan Stanley. "Durable goods spending has slowed and that is expected to continue into the holiday season," Wilson said in the note. Toys could emerge as "relative winner" this season as they become a more top-of-mind purchase for parents during the holiday season, analyst Megan Alexander wrote.

Persons: Morgan Stanley, Michael Wilson, Morgan, They're, Ravi Shanker, Wilson, Amazon's, Brian Nowak, Lauren Schenk, Chewy, Morgan Stanley's, Alex Straton, Megan Alexander Organizations: Consumers, Delta Airlines, American Airlines and United Airlines, Southwest Airlines, Alaska Air Group, Apparel, Urban Outfitters, Abercrombie, Fitch Locations: Delta, U.S

☆ Morgan Stanley's stock playbook for this slowing, 'late-cycle' economy
▼ + stars: | 2023-10-25 | by ( Pia Singh | ) www.cnbc.com time to read: +6 min

To play this market, the firm recommended a "barbell" of traditional defensive stocks, some select growth opportunities and late-cycle cyclical names. Take a look below for some of Morgan Stanley's favorite stocks in this slow-growth environment. 1) Traditional Defensives Despite its year-to-date underperformance against the broader market, health care remains Morgan Stanley's preferred defensive sector. Still, popular consumer food companies Yum Brands and McDonald's are considered growth stocks based on their market cap and volatility. 3) Late-Cycle Cyclicals Several energy companies — including Marathon Oil , Valero Energy and ConocoPhillips — can shine in a late-cycle market environment, according to Morgan Stanley.

Persons: Morgan Stanley, Andrew Pauker, Pauker, Morgan Stanley's, Fisher, Dr Pepper, Eli Lilly, Devin McDermott, Ravi Shanker Organizations: Walmart, Fisher, " Beverage, CenterPoint Energy, Costco, Colgate, Palmolive, Yum Brands, UnitedHealth, Marathon Oil, Valero Energy, ConocoPhillips, Swift Transportation, Defense, Northrop Grumman, Howmet Aerospace, Delta Airlines

☆ Price hikes, hectic embassy guidelines and stranded pets: People struggle to find ways out of Israel
▼ + stars: | 2023-10-17 | by ( Jennifer Korn | ) edition.cnn.com time to read: +9 min

The first concern for those looking to leave Israel was when departing flights would resume, followed by the frustrations of actually booking the flight. Documents to travel with pets were not being processed to any country but the United States, she told CNN, but flight prices were skyrocketing into the thousands. “As we were boarding — because it was so manic — 10 or so people just went past the crew member,” they told CNN. Others looking to leave Israel detailed hearing misinformation about rocket strikes destroying the airport. Those people who are from the embassy that are at the airport, they’re super tired, and they’re really, really trying their best,” the Polish tourist told CNN.

Persons: ‘, ’ ” Jillian, Jillian, “, ”, ’, Emma Gottlieb, Gottlieb, Ben Gurion, Rachel Hammer, Hammer, ” Hammer, ” Milo Ferron, doesn’t, they’re, Biden, John Kirby, Floridians, Ron DeSantis, ” Jillian Organizations: New, New York CNN — Foreign, Ben Gurion International Airport, CNN, America ”, British Airways, Danish, Denmark’s Ministry of Foreign Affairs, US, — United, Delta, National Security, Emergency Management Locations: New York, Israel, Los Angeles, Tel Aviv, United States, Los Angeles , New York, London, Europe, America, British, New Mexico, Cyprus, “, Denmark, Polish, Greece, Netherlands, Europe —, Haifa, Florida’s

☆ Delta says Hollywood, auto strikes are denting business travel
▼ + stars: | 2023-10-12 | by ( Leslie Josephs | ) www.cnbc.com time to read: +2 min

A Delta Airlines passenger jet approaches to land at LAX during the outbreak of the coronavirus disease (COVID-19) in Los Angeles, California, U.S., April 7, 2021. Recent strikes by Hollywood talent and United Auto Workers union members are a "drag" on business travel demand, which is otherwise recovering, Delta Air Lines President Glen Hauenstein said Thursday. The strikes have had "a not insignificant change in the business travel to and from Los Angeles as well as now the UAW strike, which curtailed a significant amount of the business in Detroit," Hauenstein said on an earnings call Thursday. But Hollywood actors, represented by the Screen Actors Guild-American Federation of Television and Radio Artists, are still on strike. Delta's Hauenstein noted that demand from technology and financial services customers posted double-digit growth in the third quarter, contributing to an overall rebound for business travel.

Persons: Glen Hauenstein, Hauenstein, Delta's Hauenstein Organizations: Delta Airlines, LAX, Hollywood, United Auto Workers, Delta Air Lines, Detroit Metropolitan Wayne County Airport, Los Angeles International Airport, UAW, Detroit, Screen, American Federation of Television, Radio Artists, Alliance, Television Producers, Disney, Universal, Netflix, Comcast, CNBC Locations: Los Angeles , California, U.S, Los Angeles, Detroit, NBCUniversal

AIRLINES & AEROSPACE FIRMSPilots at several airlines including American Airlines (AAL.O), Delta Airlines (DAL.N), United Airlines Holdings (UAL.O), Spirit Airlines (SAVE.N) and Jetblue Airways (JBLU.O) negotiated new job contracts this year. Members of some unions like the Southwest Airlines Pilots Association have voted to authorize a strike if a new contract is not reached. MANUFACTURINGU.S. steel producer Cleveland-Cliffs (CLF.N) has reached a tentative agreement with the United Steelworkers union on a new three-year labor agreement for its Northshore mining operations. The Detroit Casino Council (DCC), which represents the workers, could call for strikes as soon as mid-October, when contracts expire. Labor unions secured new contract agreements at multistate operator-owned cannabis dispensaries in Illinois and in New Jersey in July.

Persons: Sergio Martinez, Mike Blake, Mack Trucks, isn't, Mrinalika Roy, Sriraj Organizations: REUTERS, U.S . Bureau of Labor Statistics, Reuters, Alliance, Television Producers, SAG, Hollywood, United Auto Workers, UAW, Detroit Three, General Motors, Ford Motor, Chrysler, Volvo Group, United Parcel Service, FedEx, Pilots, AIRLINES & AEROSPACE, American Airlines, Delta Airlines, United Airlines Holdings, Spirit Airlines, Jetblue Airways, Southwest Airlines Pilots Association, United Steelworkers, U.S . Steel, Unions, Vegas, MGM, Detroit, MotorCity, Detroit Casino Council, Kaiser Permanente, Workers, Green Thumb Industries, Labor, Phillips, Thomson Locations: Los Angeles , California, U.S, Michigan , Ohio, Missouri, Wichita , Kansas, Cleveland, Detroit, Hollywood, Greektown, Los Angeles, New York City, Chicago, Illinois, New Jersey, Roxana , Illinois, Bengaluru

☆ Delta Airlines is a premium brand with room to run, says Patient Capital's Samantha McLemore
▼ + stars: | 2023-09-27 | 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 EmailDelta Airlines is a premium brand with room to run, says Patient Capital's Samantha McLemoreSamantha McLemore, founder and chief investment officer of Patient Capital Management, joins 'The Exchange' to discuss markets seeing a natural correction, higher real rates favoring companies with strong cash flow, and seeking out stocks that offer high dividend yields.

Persons: Samantha McLemore Samantha McLemore Organizations: Delta Airlines, Patient Capital Management

☆ This Southern city is the No. 1 place to start your own business
▼ + stars: | 2023-09-24 | by ( Jennifer Liu | In Jljenniferliu | ) www.cnbc.com time to read: +4 min

The home of mega-corporations like Coca Cola and Delta Airlines is also the best place to start your own business, according to new LinkedIn data. 1 U.S. metro area with the fastest year-over-year growth, 92%, in people founding their own companies, per the job search site. 1 place for young professionals to start a career, according to a report from Wallethub, based on metrics like availability of jobs, average starting salary, unemployment rate, median annual income, housing affordability and family-friendliness. Elsewhere in the country, the only representative for Silicon Valley — San Francisco — comes in at No. "Though the San Francisco Bay Areas remains one of the world's leading places for tech startups, it's possible or perhaps likely that smaller 'Main Street' businesses aren't opening at a nation-leading pace," Anders says.

Persons: Austin, George Anders, LinkedIn's, Anders, San Francisco —, that's, Donna Kelley Organizations: Coca, Delta Airlines, Fox, Seattle, metros, LinkedIn, Atlanta, Atlanta Austin , Texas Seattle San, Atlanta Austin , Texas Seattle San Francisco Chicago Boston, Fort Lauderdale, Fort Lauderdale New York City Los Angeles Denver, San, Global Entrepreneurship Monitor, The Washington Post . Entrepreneurship, Babson College, Washington Post, CNBC Locations: Coca Cola, Atlanta, U.S, Wallethub, pricey, San Francisco and New York, Atlanta Austin , Texas, Atlanta Austin , Texas Seattle San Francisco, Atlanta Austin , Texas Seattle San Francisco Chicago Boston Miami, Fort Lauderdale New York, Fort Lauderdale New York City Los Angeles Denver Atlanta, Austin, Silicon, San Francisco, San Francisco Bay, New York City, Los Angeles, Chicago, Miami, United States, Montana

☆ Opinion | College Sports Is Broken. Here’s What Must Come Next.
▼ + stars: | 2023-09-21 | by ( Jordan Acker | ) www.nytimes.com time to read: +3 min

Many student athletes rarely have the chance to step foot in a classroom, attending their classes online and taking proctored exams in hotel ballrooms near the next game site. Say the Big Ten required its TV partners to share 30 percent of its revenues with its student athletes,. The N.C.A.A.’s rules on revenue sharing are driven by their members; this change will not come from the N.C.A.A.’s home base of Indianapolis, but from leaders at member institutions speaking frankly about the challenges to come. It must also take into account the input of student athletes, who are too often shut out of decisions that directly affect them. Make no mistake, the courts are judging the Big Ten Conference, and the other major N.C.A.A.’ conferences, on their behavior.

Persons: Iowa’s, Kirk Ferentz, Jim Harbaugh, Brett Kavanaugh, Alston, ’ Organizations: College, University of Michigan, University of Oregon, Delta Airlines, Big Ten Conference, Rutgers, University of Washington, Big, Big Ten Football Locations: Salt Lake City, Seattle, Detroit, London, Michigan, Ann Arbor, Indianapolis, America

Importantly, the site is near Wright-Patterson Air Force Base and the headquarters of the U.S. Air Force Research Laboratories. With this announcement, that aspiration has been realized.”Political Cartoons View All 1163 ImagesThe Wright brothers, Orville and Wilbur, lived and worked in Dayton. Joby CEO JoeBen Bevirt told the AP that the company chose Ohio after an extensive and competitive search. 3 in the nation on manufacturing jobs — and that depth of manufacturing prowess, that workforce, is critical to us as we look to build this manufacturing facility. That included the loss of tens of thousands of auto and auto parts manufacturing jobs in the early 2000s and the loss of ATM maker NCR Corp.'s headquarters to an Atlanta suburb in 2009.

Persons: Wright, Mike DeWine, Jon Husted, ” Husted, Orville, Wilbur, Orville Wright's, Hawthorn Hill, Joby, JoeBen Bevirt, Bevirt, J.P, Nauseef, that’s, —, ” Bevirt, DeWine —, John Glenn, Neil Armstrong Organizations: Joby Aviation Inc, ” Republican Gov, Associated Press, Intel, Dayton International, Republican, Gov, Patterson Air Force Base, U.S . Air Force Research Laboratories, “, U.S, Hawthorn, Wright Model B, Toyota, Delta Airlines, Air Force, U.S . Department of Energy, AP, Boeing, Airbus, NCR Corp, U.S . Air Force’s, . Space Command, Space Force Locations: COLUMBUS , Ohio, Ohio, Wright, Dayton, Santa Cruz , California, “ Ohio, Atlanta, Springfield, Marina , California

☆ A fight between fast-food chains and unions in California is over, for now – what to know
▼ + stars: | 2023-09-15 | by ( Amelia Lucas | ) www.cnbc.com time to read: +8 min

Gavin Newsom's office, also creates a nine-person council that will decide on future wage hikes for the fast-food industry in California through 2029. The deal will mean a wage floor of $20 for California workers at fast-food chains with at least 60 locations nationwide, starting April 1. The council will include four representatives from the fast-food industry, four from the workers' side and one neutral party who will serve as chair. But the fast-food industry was attacking the bill before it even made its way to Newsom's desk. Fast-food workers employed by affected restaurants will see pay increases of as much as 25% hit their paychecks starting in April.

Persons: Mario Tama, Gavin Newsom's, Mark Kalinowski, Newsom, Joe Erlinger, Erlinger, Jan, What's, Joe Pawlak, Technomic, they'll, Joe Pawlak Technomic, Pawlak, Mary Kay Henry, it's, Sean Kennedy, Burger Organizations: Getty, Gov, Equity Research, Democrat, FAST, Yum Brands, Restaurant Brands, McDonald's, Citi Research, Service Employees International Union, SEIU, California State, CNBC, Walmart, Target, Food, National Restaurant Association, Delta Airlines, Los Angeles International Airport Locations: Boyle, Los Angeles , California, California, McDonald's U.S, Minnesota, New York, —

☆ From UPS to Detroit Three automakers, US labor unions flex muscle
▼ + stars: | 2023-09-12 | by ( ) www.reuters.com time to read: +4 min

AIRLINES & AEROSPACE FIRMSPilots at several airlines including American Airlines (AAL.O), Delta Airlines (DAL.N), United Airlines Holdings (UAL.O), Spirit Airlines (SAVE.N), Jetblue Airways (JBLU.O) negotiated new job contracts this year. AUTOMOTIVEUnited Auto Workers (UAW) union has been embroiled in a dispute over wages and pension plans with the Detroit Three automakers. U.S. Steel (X.N), which is reviewing multiple proposals ranging from partial acquisition to an entire buyout, is embroiled in a tussle with the United Steel Workers union. Labor unions secured new contract agreements at multistate operator-owned cannabis dispensaries in Illinois and in New Jersey in July. If workers do not vote to ratify the contract, the union will vote the following week on whether to strike.

Persons: Sergio Martinez, Mike Blake, Mrinalika Roy, Sriraj Kalluvila, Shounak Organizations: REUTERS, Bureau of Labor Statistics, Reuters, Hollywood, United Parcel Service, FedEx, Pilots, AIRLINES & AEROSPACE, American Airlines, Delta Airlines, United Airlines Holdings, Spirit Airlines, Jetblue Airways, Southwest Airlines Pilots Association, United Auto Workers, UAW, Detroit Three automakers, Cliffs Inc, United Steelworkers, U.S . Steel, United Steel Workers, Workers, Green Thumb Industries, Labor, Phillips, Thomson Locations: Los Angeles , California, U.S, California, Wichita , Kansas, Cleveland, Los Angeles, New York City, Chicago, Illinois, New Jersey, Roxana , Illinois, Bengaluru

☆ Delta Airlines: 11 people taken to a hospital after 'severe turbulence' on flight before landing in Atlanta, airline says
▼ + stars: | 2023-08-30 | by ( Raja Razek | ) edition.cnn.com time to read: 1 min

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☆ Factbox: From UPS to Detroit Three automakers, US labor unions flex muscle
▼ + stars: | 2023-08-30 | by ( ) www.reuters.com time to read: +4 min

Teamster member Sergio Martinez yells out during a rally outside a UPS facility in downtown in Los Angeles, California, U.S. July 19, 2023. AIRLINES & AEROSPACE FIRMSPilots at several airlines including American Airlines (AAL.O), Delta Airlines (DAL.N), United Airlines Holdings (UAL.O), Spirit Airlines (SAVE.N), Jetblue Airways (JBLU.O) negotiated new job contracts this year. Members of some unions like the Southwest Airlines Pilots Association have voted to authorize a strike if a new contract is not reached. U.S. Steel (X.N), which is reviewing multiple proposals ranging from partial acquisition to an entire buyout, is embroiled in a tussle with the United Steel Workers union. Labor unions secured new contract agreements at multistate operator-owned cannabis dispensaries in Illinois and in New Jersey in July.

Persons: Sergio Martinez, Mike Blake, Mrinalika Roy, Sriraj Organizations: REUTERS, Bureau of Labor Statistics, Reuters, Screen, United Parcel Service, FedEx, Pilots, AIRLINES & AEROSPACE, American Airlines, Delta Airlines, United Airlines Holdings, Spirit Airlines, Jetblue Airways, Southwest Airlines Pilots Association, United Auto Workers, UAW, Detroit Three, Cliffs Inc, United Steelworkers, U.S . Steel, United Steel Workers, Workers, Green Thumb Industries, Labor, Thomson Locations: Los Angeles , California, U.S, Wichita , Kansas, Cleveland, Los Angeles, New York City, Chicago, Illinois, New Jersey, Bengaluru

☆ U.S., China agree to double weekly flights between countries
▼ + stars: | 2023-08-11 | by ( ) www.cnbc.com time to read: +4 min

Sources said U.S. airlines are not expected to immediately take advantage of all 18 weekly flights. China Eastern 600115.SS, Xiamen Airlines and China Southern 600029.SS also fly scheduled service to the U.S., while United Airlines UAL.N, American Airlines AAL.O and Delta Airlines DAL.N currently operate passenger flights to China. The 24 weekly flights are still a fraction of the more than 150 round-trip flights allowed by each side before restrictions were imposed in early 2020 due to the COVID-pandemic. Previously, only eight weekly flights by Chinese carriers were allowed. Reuters reported in June Chinese airlines were avoiding flying over Russian airspace in newly approved flights to and from the U.S. but still using Russian airspace for other flights.

Persons: New York John F, Biden, USDOT, Antony Blinken's, United, Today's Organizations: Air, Air China Boeing, New York, Kennedy International Airport, U.S . Transportation Department, Reuters, Embassy, State Department, . Air, SS, Xiamen Airlines, United Airlines UAL.N, American Airlines, Delta Airlines, Airlines for America Locations: Air China, New, Jan, U.S, China, Beijing, Washington, Japan, South Korea, Australia, . Air China, Los Angeles . China, Shanghai

☆ US, China agree to double weekly flights between countries
▼ + stars: | 2023-08-11 | by ( David Shepardson | ) www.reuters.com time to read: +4 min

Sources said U.S. airlines are not expected to immediately take advantage of all 18 weekly flights. China Eastern (600115.SS), Xiamen Airlines and China Southern (600029.SS) also fly scheduled service to the U.S., while United Airlines , American Airlines (AAL.O) and Delta Airlines (DAL.N) currently operate passenger flights to China. The 24 weekly flights are still a fraction of the more than 150 round-trip flights allowed by each side before restrictions were imposed in early 2020 due to the COVID-pandemic. Previously, only eight weekly flights by Chinese carriers were allowed. Reuters reported in June Chinese airlines were avoiding flying over Russian airspace in newly approved flights to and from the U.S. but still using Russian airspace for other flights.

Persons: Dado Ruvic, Biden, USDOT, Antony Blinken's, United, Today’s, David Shepardson, Marguerita Choy Organizations: REUTERS, U.S . Transportation Department, Reuters, Embassy, State Department, . Air China, Xiamen Airlines, United Airlines, American Airlines, Delta Airlines, Airlines for America, Thomson Locations: U.S, China, Beijing, Washington, Japan, South Korea, Australia, Los Angeles . China, Xiamen, Shanghai

Delta Airlines passenger jets are pictured outside the newly completed 1.3 million-square foot $4 billion Delta Airlines Terminal C at LaGuardia Airport in the Queens borough of New York City, New York, U.S., June 1, 2022. REUTERS/Mike SegarAug 9 (Reuters) - Wheels Up Experience (UP.N) said on Wednesday there was "substantial doubt" about its ability to continue operations, even as it disclosed short-term funding from Delta Air Lines (DAL.N), sending its shares plunging 42%. North American business flights were down 3.6% compared with July 2022, according to data from Argus International. Delta said in a statement that it was providing a short-term capital infusion in the form of a secured promissory note to Wheels Up, which is pursuing strategic partnerships. Wheels Up, which canceled an earnings call scheduled for Wednesday, said U.S. private jet operator Airshare had entered into a non-binding agreement with the company to acquire its non-core aircraft management business.

Persons: Mike Segar, Delta, Ed Bastian, Airshare, Shivansh, Allison Lampert, Rajesh Kumar Singh, Vinay Dwivedi, Mark Potter Organizations: Delta Airlines, LaGuardia Airport, REUTERS, Delta Air Lines, Argus International, Delta, Airshare, Thomson Locations: Queens, New York City , New York, U.S, American, Bengaluru, Montreal

☆ Analysts love these cheaper stocks from the U.S. and beyond — and expect one to double
▼ + stars: | 2023-07-31 | by ( Weizhen Tan | ) www.cnbc.com time to read: +2 min

As a result, however, valuations have risen, with the S & P 500's forward price-to-earnings ratio trading at 19.69 as of Friday. The index has a forward P/E ratio of around 16 as of Friday. When it comes to U.S stocks, Delta Airlines ' potential upside was among the highest at 34%, as was its 85% buy rating. And it has a forward P/E ratio of 6.3 — significantly below the S & P 500's. It has a 13.5 forward P/E ratio — on the list's higher side.

Persons: Wells Fargo Organizations: Dow, CNBC Pro, Delta Airlines, PayPal, Disney, Porsche Locations: U.S

☆ Frontier is the worst US airline in 2023, and Spirit isn't far behind, according to recent study — see the list of the top 10 airlines
▼ + stars: | 2023-07-28 | by ( Marielle Descalsota | ) www.businessinsider.com time to read: +2 min

Frontier was named the worst US airline in 2023 by claims management company AirAdvisor. The overall score is taken from the average of the individual criteria scores. At the top of the list: Delta Airlines, which had an average score of 7.67, was crowned the best US airline. But two popular airlines — Frontier and Spirit — were ranked at the bottom of the list, with overall scores of 3.22 and 4.11, respectively. Entrants are arranged in ascending order of their overall scores.

Persons: Delta, AirAdvisor, — Organizations: Delta Airlines Locations: Boston , Massachusetts

☆ Kyrsten Sinema raked in more than $100,000 from the airline industry as she pushed to alter pilot training requirements
▼ + stars: | 2023-07-18 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +4 min

Sen. Kyrsten Sinema made a last-minute push in June to change training requirements for pilots. At the same time, she received over $100,000 from the airline industry over the last three months. But for the airline industry that's been pushing for that reduction, it was a sign that they had Sinema's ear. Political action committees and airline executives gave over $100,000 to Sinema's campaign from April to June, according to recently-filed documents with the Federal Election Commission. Altogether, the money accounts for over a tenth of contributions to Sinema's main campaign account over the last 3 months.

Persons: Sen, Kyrsten Sinema, Kyrsten, Republican Sen, John Thune of, Tammy Duckworth, Duckworth, Ruben Gallego's, Sacha Haworth, she'll Organizations: Service, Democrat, Republican, Federal Aviation Administration, Air Line Pilots Association, Senate, Democratic, Federal, Commission, —, Delta Airlines, Southwest Airlines, Alaska Air Group —, Intercept, FAA, Democratic Rep, Ruben Gallego's Senate, PAC Locations: Wall, Silicon, Arizona, John Thune of South Dakota

Boston Logan International Airport is currently under a ground stop due to thunderstorms, according to the Federal Aviation Administration. LaGuardia Airport in Queens was also under a ground stop due to thunderstorms, the FAA said. Weather conditions have also caused flight disruptions and a ground stop at New Jersey’s Newark Liberty International Airport, it said on Twitter. John F. Kennedy International Airport is also under a ground stop. A passenger walks past a Delta Airlines plane at a gate at Logan International Airport in Boston, Massachusetts, U.S., January 3, 2022.

Persons: “, John F, Brian Snyder, It’s Organizations: CNN, Nationwide, Boston Logan International, Federal Aviation Administration, LaGuardia, FAA, Twitter, New Jersey’s Newark Liberty International Airport, Kennedy International, Delta Airlines, Logan International Airport, Newark, JFK, JetBlue, Sunday, United Airlines, Bureau of Transportation Statistics Locations: New York City, Boston, Queens, New, Newark, Boston , Massachusetts, U.S, New York

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