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☆ United Airlines CEO issues apology after taking a private jet as thousands of passengers stranded due to cancellations
▼ + stars: | 2023-07-01 | by ( Nathan Rennolds | ) www.businessinsider.com time to read: +2 min

United Airlines CEO Scott Kirby is coming under fire for a private flight he took on Friday. The executive flew from New Jersey to Denver while hundreds of United flights were canceled. The company has warned of further delays and cancellations in the summer vacation period. Scott Kirby, the CEO of United Airlines, apologized on Friday for taking a private jet out of New York while thousands of United passengers were stranded due to cancellations, The Associated Press reported. The report says that Kirby took a private plane from New Jersey to Denver on Wednesday as 750 United flights were canceled that day, 25% of its schedule.

Persons: Scott Kirby, Kirby, United Organizations: United, United Airlines, Associated Press, TSA Locations: New Jersey, Denver, New York, East Coast

New York CNN —Hundreds of thousands of US airline customers were stranded this week as severe weather grounded planes and led to canceled flights. As of 8:30 am ET, FlightAware tracking service reported there were 687 flights canceled and another 1,200 delays. Although that’s better than the 2,200 canceled flights in each of the last two days, or the more than 16,000 delayed flights between Monday and Tuesday, it’s hardly a smooth-running operation. Staffing shortageThe US air travel system is unable to recover quickly from widespread weather problems, because it doesn’t have the bodies to deal with the disruptions. The airline canceled 461 flights this past Saturday and Sunday and delayed another 1,972 flights, according to data from flight tracking site FlightAware.

Persons: that’s, it’s, Ed Bastian, ”, Scott Kirby, Kirby, ” Kirby, United, “, Paul Thacker, ” Thacker, “ ”, ” Michelle Maciel, Pete Muntean, Gregory Wallace Organizations: New, New York CNN, Federal Aviation, Airport, Transportation, Administration, FAA, Newark Airport, United, United Airlines, CNN, Newark Liberty International Airport, Association of Flight, DC, Greyhound Locations: New York, Boston, New York City, Madrid, United’s, Newark, Toronto, Denver, Portland Oregon

☆ United Airlines CEO blames FAA as storms trigger more flight cancellations
▼ + stars: | 2023-06-27 | by ( ) www.reuters.com time to read: +1 min

June 27 (Reuters) - United Airlines (UAL.O) Chief Executive Scott Kirby has blamed the Federal Aviation Administration (FAA) after severe storms led to thousands of canceled flights in recent days. "I'm ... frustrated that the FAA frankly failed us this weekend," he said in a memo to the company's employees on Monday. "We estimate that over 150,000 customers on United alone were impacted this weekend because of FAA staffing issues and their ability to manage traffic," Kirby said in a memo reviewed by Reuters. Kirby said that the FAA reduced arrival rates by 40% and departure rates by 75% on Saturday. That, he said, led to massive delays, cancellations and "put everyone behind the eight ball when weather actually did hit on Sunday and was further compounded by FAA staffing shortages Sunday evening."

Persons: Scott Kirby, Kirby, Jaiveer Singh, David Shepardson, Maju Samuel Organizations: United Airlines, Federal Aviation Administration, FAA, Reuters, U.S ., Thomson Locations: U.S . East Coast, Washington, New York, United States, Bengaluru

☆ Severe weather, FAA shortfalls kick off rocky start to summer air travel
▼ + stars: | 2023-06-27 | by ( Leslie Josephs | ) www.cnbc.com time to read: +4 min

Flight disruptions mounted Tuesday as severe storms and staffing issues kicked off a rocky start to summer. Some airline executives have also blamed some of the disruptions on shortages of air traffic controllers. "And that put everyone behind the eight ball when weather actually did hit on Sunday and was further compounded by FAA staffing shortages Sunday evening." The Covid-19 pandemic derailed hiring and training of new air traffic controllers, and the agency is now trying to catch up. The Department of Transportation's Office of Inspector General said in a report last week that air traffic control staffing shortfalls put air traffic operations at risk.

Persons: Biden, Scott Kirby, Kirby, General, Don Uselmann Organizations: Newark Liberty International Airport, Transportation Security Administration, United Airlines, FAA, Newark Liberty International, CNBC, Transportation's, reassignments, The Association of Flight, CWA, Union, JetBlue Airways, JetBlue Locations: New Jersey, United States, U.S, New York

☆ Leisure travel is 'back and rolling', says former United Airlines CEO Oscar Munoz
▼ + stars: | 2023-06-15 | 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 EmailLeisure travel is 'back and rolling', says former United Airlines CEO Oscar MunozFormer United Airlines CEO Oscar Munoz joins 'Squawk Box' to discuss the rebound in air travel, airline pilot contract negotiations, whether airlines can handle the surging demand post-pandemic, and more.

Persons: Oscar Munoz Organizations: United Airlines, Oscar Munoz Former United Airlines

☆ Watch CNBC’s full interview with former United Airlines CEO Oscar Munoz
▼ + stars: | 2023-06-15 | 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 EmailWatch CNBC’s full interview with former United Airlines CEO Oscar MunozFormer United Airlines CEO Oscar Munoz joins 'Squawk Box' to discuss the rebound in air travel, airline pilot contract negotiations, whether airlines can handle the surging demand post-pandemic, and more.

Persons: Oscar Munoz Organizations: United Airlines, Oscar Munoz Former United Airlines

CNN —An Air India flight from India to San Francisco was diverted due to a technical issue with one of the plane’s engines and has landed safely in Russia’s Magadan airport, in the country’s far east, according to a statement from the carrier. The airline will operate an alternate flight carrying everyone from Magadan to San Francisco on Wednesday. “Air India will operate an alternate aircraft from Magadan to San Francisco on June 7, 2023 carrying all passengers and crew of AI173 who are presently accommodated in local hotels in Magadan,” an Air India spokesperson said in a statement. Russia has banned numerous western countries from operating in its airspace, though some carriers like Air India continue to fly over Russia. Russian aviation agency Rosaviation said Tuesday that it has issued a permit to Air India to send a reserve aircraft to Russia’s Magadan airport.

Persons: AI173, Rosaviation, ”, Vedant Patel, Patel, ” Patel, Scott Kirby Organizations: CNN, An Air, “, India, Air, United, State Department, United Airlines, Reuters Locations: An Air India, India, San Francisco, Russia’s Magadan, Magadan, ”, Air India, Russia, Russian, Delhi, Moscow, United States

ISTANBUL, June 5 (Reuters) - The United States is in a "business recession" but the consumer is "strong", Scott Kirby, chief executive of United Airlines (UAL.O), the world's largest carrier, told reporters at an aviation conference in Istanbul on Monday. Business demand hasn't fully recovered yet ... that's taking more time," he said. I think actually, in the U.S., we're in a business recession, and the consumer is just fine, the consumer is strong." The chief of the world's biggest airline also raised concerns over competing carriers flying over Russia. However, newly approved flights for Chinese airlines are avoiding flying over Russian airspace to and from the United States, Reuters reported on June 1.

Persons: Scott Kirby, Kirby, We're, Aditi Shah, Jason Neely Organizations: United Airlines, International Air Transport Association, world's, U.S, Air, Reuters, Thomson Locations: ISTANBUL, United States, Istanbul, U.S, Russia, Washington, Moscow, Ukraine, India, Air India

☆ Watch CNBC's interview with former United Airlines CEO Oscar Munoz
▼ + stars: | 2023-05-02 | 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 EmailWatch CNBC's interview with former United Airlines CEO Oscar MunozFormer United Airlines CEO Oscar Munoz joins 'Squawk Box' to reflect on his time leading the airline, and shares his thoughts on the state of the airline industry, the looming summer travel season, and more.

☆ Strategic decisions made during Covid paying off now, says former United Airlines CEO Oscar Munoz
▼ + stars: | 2023-05-02 | 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 EmailStrategic decisions made during Covid paying off now, says former United Airlines CEO Oscar MunozFormer United Airlines CEO Oscar Munoz joins 'Squawk Box' to reflect on his time leading the airline, and shares his thoughts on the state of the airline industry, the looming summer travel season, and more.

☆ United Airlines CEO: The SVB scare had a real impact on bookings, but it's back on trend
▼ + stars: | 2023-04-19 | 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 EmailUnited Airlines CEO: The SVB scare had a real impact on bookings, but it's back on trendUnited Airlines CEO Scott Kirby joins 'Squawk Box' to discuss the two areas contributing to the company's Q1 loss, and why he remains bullish on the airline's financial outlook for the rest of 2023.

☆ United Airlines, five other companies launch effort to develop sustainable aviation fuel
▼ + stars: | 2023-02-21 | by ( Phil Lebeau | ) www.cnbc.com time to read: +3 min

A United Airlines passenger plane takes off from Frankfurt Airport. The United Airlines Ventures Sustainable Flight Fund will start with $100 million invested by United Airlines, Air Canada , Boeing , GE Aerospace, JPMorgan Chase and Honeywell . The United Airlines Ventures Sustainable Flight Fund will allow United and the other inaugural investors the chance to play a larger role in startups developing and expanding access to SAF. Since then, United Airlines Ventures has invested in startups focused on decarbonization and new fuel sources. In announcing the United Airlines Ventures Sustainable Flight Fund, Kirby reiterated his belief the path to lower emissions requires developing new ideas and technology.

☆ United Airlines CEO on push for sustainable aviation fuel
▼ + stars: | 2023-02-21 | 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 EmailUnited Airlines CEO on push for sustainable aviation fuelScott Kirby, United Airlines CEO, joins 'Squawk Box' to discuss the company's new investment fund in sustainable aviation fuel, how quickly these SAF prices will become affordable, and the company's announcement for families.

That number includes both rocket launches and capsule reentries, and has been steadily climbing. A Falcon Heavy rocket launches the USSF-67 mission on January 15, 2023 from NASA's Kennedy Space Center in Florida. "Air space is going to be a critical, critical issue," Isom said, calling on new industries to contribute to the cost of air traffic control. A graph of FAA-licensed or permitted commercial space launches (excludes launches licensed by other U.S. government agencies, such as NASA or the Department of Defense). Together they create a moving target for space launches and the commercial airlines eyeing the same air space.

Labor shortagesAs the pandemic swooped in, air travel was among the industries most affected, as more than 90% of flights were grounded. Today, labor shortages exist throughout the economy, but the problem drags on in the air travel sector, where more extensive employee training is usually required. Steven Senne / APOutdated technology and infrastructureThere is near-universal agreement that the infrastructure underpinning segments of America's air travel system is outdated and vulnerable. Rep. Sam Graves, R-Montana, said the incident highlighted "a huge vulnerability in our air transportation system." Air travel should be predictable and consistent, and you shouldn’t have to wonder if air traffic control is going to be working today as you head to the airport.

☆ FAA says contractor unintentionally deleted files before outage disrupted thousands of flights
▼ + stars: | 2023-01-20 | by ( Leslie Josephs | ) www.cnbc.com time to read: +1 min

"A preliminary FAA review of last week's outage of the Notice to Air Missions (NOTAM) system determined that contract personnel unintentionally deleted files while working to correct synchronization between the live primary database and a backup database," the FAA said. The FAA reiterated that it hasn't found evidence of a cyberattack or "malicious intent" and that it is still investigating what occurred. Lawmakers from both parties demanded answers about technology vulnerabilities in the U.S. aviation system. Airline executives complained about inadequate funding and staffing for the FAA. "Hopefully this will be the call to our political leaders in Washington that we need to do better."

☆ FAA is years away from upgrading the system that grounded all US flights
▼ + stars: | 2023-01-12 | by ( Pete Muntean | ) edition.cnn.com time to read: +2 min

The Notices to Air Missions (NOTAM) database failure triggered the FAA to implement the first nationwide stop of air traffic in more than 20 years. “The core operating system for the database has been around since the 1990s,” the source said. “Regardless of the improvements made to the system in recent years, it still has the heart of an 89-year-old man.”CNN has reached out to the FAA for comment on updates to the NOTAM system to date and its modernization timeline. Late Wednesday, the FAA continued to downplay the possibility of a cyberattack as the root cause of the system failure. “The FAA needs more funding,” Kirby said in an on-stage interview before aviation leaders.

☆ A weak economy will test consumers' wanderlust, but these stocks could prove resilient in 2023
▼ + stars: | 2022-12-20 | by ( Michelle Fox | ) www.cnbc.com time to read: +8 min

The U.S. Travel Association anticipates domestic leisure travel demand will hold up, although growth may be a bit slower in 2023. The stock has an average analyst rating of buy and 47% upside to the average price target, according to FactSet. Marriott has an average analyst rating of overweight and 13.5% upside to the average analyst price target, per FactSet. Norwegian has an average analyst rating of overweight and nearly 27% upside to the average analyst price target, while Royal Caribbean has an average analyst rating of overweight and about 24% upside to its average price target. However, Carnival has an average analyst rating of hold and 24% upside to the average price target.

☆ Why recession fears are back: Americans are losing faith
▼ + stars: | 2022-12-16 | by ( Christine Romans | ) edition.cnn.com time to read: +4 min

The famous British economist John Maynard Keynes coined the phrase “animal spirits” to describe what drives investors, consumers and business leaders. “At the end of the day, a recession is a loss of faith,” said Mark Zandi, chief economist at Moody’s Analytics. Yellen explained this week that recession risks permanently exist. “There are always risks of a recession,” Yellen told CBS’s “60 Minutes” in an interview that aired on Sunday. Hopefully we don’t lose faith and run for the bunker and go into recession.”— CNN’s Elizabeth Yang contributed to this report.

☆ Delta expects 2023 earnings to nearly double thanks to 'robust' travel demand
▼ + stars: | 2022-12-14 | by ( Leslie Josephs | ) www.cnbc.com time to read: +3 min

The airline expects its adjusted earnings to nearly double to as much as $6 per share next year, above analysts' estimates. Delta and other airline executives in recent weeks have been upbeat about a recovery in travel demand, despite warnings from other industries about economic weakness ahead. The U.S. airline industry returned to profitability this year thanks to a sharp rebound in travel demand and consumers' willingness to pay higher fares, which helped carriers more than make up for increased costs like fuel. United Airlines CEO Scott Kirby last week said that business travel demand has "plateaued" but that revenue is still rising. A restoration of capacity will likely "take a little bit of pressure off the fare mix," but strong demand will continue to boost revenues, Bastian said.

☆ Hotel prices and airfare decline as travel demand cools after summer surge
▼ + stars: | 2022-12-13 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +1 min

The cooldown comes in a year where the travel industry enjoyed major tailwinds after a turbulent couple of years due to Covid. Pent-up travel demand even began to encroach on retail's momentum as pandemic shoppers turned into post-pandemic travelers. The travel industry has seen demand taper since a summer surge. United Airlines CEO Scott Kirby, however, said that travel demand and revenue remains strong while business travel has "plateaued." Even as travel demand cools, revenues in the industry have remained stable due to higher prices.

☆ Watch CNBC's full interview with United Airlines CEO Scott Kirby
▼ + stars: | 2022-12-13 | 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 EmailWatch CNBC's full interview with United Airlines CEO Scott KirbyUnited Airlines CEO Scott Kirby joins CNBC's Phil LeBeau and the 'Squawk Box' team to discuss the company's massive order for hundreds of Boeing airplanes.

☆ Premarket stocks: Why we think we're in a recession when the data says otherwise
▼ + stars: | 2022-12-08 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +8 min

New York CNN Business —It seems like you can’t go anywhere these days without colliding headfirst into another ominous prediction of imminent recession. But hidden behind those “CEO PREDICTS RECESSION” headlines lies a lot of uncertainty. “If I didn’t watch CNBC in the morning, the word ‘recession’ wouldn’t be in my vocabulary,” he said. “You just can’t see it in our data.”It’s almost as though Kirby predicted recession was imminent because other prominent voices predicted that recession was imminent. More than 10,000 ambulance workers represented by the GMB Union will strike again on December 28.

☆ Here's what America's top CEOs are saying about a possible recession in 2023
▼ + stars: | 2022-12-06 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +5 min

Mandel Ngan | AFP | Getty ImagesAs 2023 approaches and the prospect of a recession looms, corporate America is preparing for a slowdown in consumer spending. Here's what they said:Jamie Dimon, JPMorganwatch nowRising interest rates, record inflation, geopolitical pressure and other factors could coalesce into a recession, JPMorgan Chase CEO Jamie Dimon told CNBC. Mary Barra, GMwatch nowGeneral Motors CEO Mary Barra anticipates economic headwinds next year but is not sounding the alarms for a recession just yet. Though Walmart is still seeing strong spending, McMillon has spotted more conservative spending in certain categories like electronics and toys. "If I didn't watch CNBC in the morning – which I do – the word recession wouldn't be in my vocabulary," Kirby said.

☆ United CEO says business travel has 'plateaued' but revenue is still rising
▼ + stars: | 2022-12-06 | by ( Leslie Josephs | ) www.cnbc.com time to read: 1 min

Business travel demand has "plateaued" but revenue continues to rise thanks to strong demand and capacity constraints, United Airlines CEO Scott Kirby told CNBC Tuesday. Major companies, many in tech, have announced plans to cut back on spending, like business travel, or even lay off workers. San Francisco is one of United's major hubs, along with Newark, New Jersey, Houston, Washington D.C. and its home base of Chicago. "It feels like business travel, and this probably is indicative of pre-recessionary kind of behavior, has plateaued even though our total revenues are still going up," Kirby said in an interview with CNBC's "Squawk Box."

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