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"At this time, we do not believe the cause is related to the FAA outage experienced earlier today." Share this -Link copiedNearly half of Southwest flights delayed just weeks after mass cancellations Nearly half of Southwest Airlines flights were delayed as of about 11:15 a.m. Share this -Link copiedMore than 540 Delta flights delayed, 14 canceled More than 540 Delta flights were delayed as of 9:13 a.m. ET, the airline had three flights canceled and 208 flights delayed, amounting to 21% of its overall flights, according to FlightAware. Alaska Airlines had 11 flights canceled and 149 flights delayed, also amounting to 21% of its overall flights, FlightAware noted as of 8:53 a.m.

FAA officials said a preliminary review traced the outage to a damaged database file, but added there was no evidence of a cyberattack and the investigation was continuing. FAA officials said they were working to "further pinpoint the causes" so the problem can be avoided in the future. One issue airlines are facing is trying to get planes in and out of crowded gates, which is causing further delays. He described confusion as airline employees and many passengers were initially unaware of the FAA's moves and flight delays. The U.S. Travel Association, which represents the travel industry including airlines, called the FAA system failure "catastrophic."

☆ Southwest and Twitter are on a similar flight path
▼ + stars: | 2023-01-11 | by ( Robert Cyran | ) www.reuters.com time to read: +3 min

NEW YORK, Jan 11 (Reuters Breakingviews) - Twitter has slashed about three-quarters of employees since Elon Musk completed his buyout. But it’s also possible Twitter is building up what software developers call “technical debt” – where today’s underinvestment becomes tomorrow’s liability. The holiday meltdown at Southwest Airlines (LUV.N) is an example of how technical debt can build up even in non-technology companies. Twitter doesn’t have airplanes to keep aloft, but it too could be building up a kind of technical debt. The company had about $6 billion of operating costs in the four quarters before it went private, compared with $5 billion of revenue, which suggest there was fat to cut.

☆ These are the top 10 safest airlines in the world for 2023—see which U.S. carrier made the list
▼ + stars: | 2023-01-10 | by ( Celia Fernandez | ) www.cnbc.com time to read: +1 min

This month, AirlineRatings.com announced its safest airlines for 2023. The study looked at 385 airlines at the forefront of safety, innovation, and launching new aircraft. According to a press release, the study analyzed the following to determine the safest airlines in 2023:crashes over five yearsserious incidents over two yearsaudits from aviation's governing bodies and lead associationsfleet ageexpert analysis of pilot trainingCOVID protocolsIt's important to note that although Alaska Airlines was the only U.S. carrier to land the top 10, Hawaiian Airlines, United Airlines, American Airlines, and Delta Air Lines did make the top 20. "However, all airlines have incidents every day, and many are aircraft or engine manufacture issues, not airline operational problems. It is the way the flight crew handles these incidents that determines a good airline from an unsafe one," AirlineRatings.com editor-in-chief Geoffrey Thomas says.

☆ Jim Cramer's top 10 things to watch in the market Tuesday: Big Microsoft AI bet, defensive rotation
▼ + stars: | 2023-01-10 | by ( Jim Cramer | ) www.cnbc.com time to read: +4 min

Microsoft and Alphabet are both Club stocks. Boeing (BA) downgraded to equal weight from overweight (hold from buy) at Morgan Stanley (MS). Wells Fargo upgrades AT & T (T) to overweight from equal weight (buy from hold); price target up to $22 per share from $17. On the seas, Morgan Stanley downgrades Norwegian Cruise Line (NCLH) to underweight from equal weight (sell from hold). As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ U.S. FAA proposes requiring 5G safeguards on planes by early 2024
▼ + stars: | 2023-01-09 | by ( David Shepardson | ) www.reuters.com time to read: +3 min

REUTERS/Octavio JonesWASHINGTON, Jan 9 (Reuters) - The U.S. Federal Aviation Administration (FAA) said Monday it is proposing a requirement that passenger and cargo aircraft in the United States have 5G C-Band-tolerant radio altimeters or install approved filters by early 2024. The proposed airworthiness directive, which would take effect in February 2024, is similar to one that took effect in December 2021, prohibiting passenger and cargo flight operations in the vicinity of 5G C-Band wireless transmitters unless the FAA specifically approved them. Some international airlines have privately expressed reluctance to install filters absent a legal requirement from the FAA, officials told Reuters. FAA acting Administrator Billy Nolen in October sought a delay in some 5G C-Band transmissions from smaller operators over aviation safety concerns. A deal struck shortly before a 2022 deadline did not prevent dozens of foreign carriers from canceling international flights to the United States.

☆ These 12 cheap stocks are off to a great start in 2023, and Wall Street sees one jumping more than 50%
▼ + stars: | 2023-01-09 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

After last year's turmoil, Amazon now trades near a 36% discount to its average forward P/E over the past five years. The theme park operator also trades at a forward PE of 21 times, representing a near 28% discount to the last five years. T-Mobile shares bucked 2022's selloff, gaining nearly 21% and, looking ahead, analysts are overwhelmingly positive on the stock. On a forward P/E basis, shares trades at a 31% discount to the last five years. A weakening economy could test these stocks in the months ahead , but analysts still see their shares rallying nearly 35% each.

☆ Everyone's elite, but not for long. Airlines make travel perks harder to earn this year
▼ + stars: | 2023-01-08 | by ( Leslie Josephs | ) www.cnbc.com time to read: +8 min

And now it's a small army," said Cohen, who leads a digital entertainment consulting firm and has lifetime elite status on United and American Airlines . Travelers willing to shell out more for tickets and popular rewards credit cards are swelling ranks in front cabins and airport lounges. Osorio frequents airport lounges on trips booked with rewards points that she earned through strategic credit card use and sign-up bonuses. Bigger space for big spendersDelta, American, United and American Express have been opening bigger airport lounges to fit more travelers. A new American Airlines and British Airways lounge at John F. Kennedy International Airport, November 29, 2022.

☆ Investors should buy these 33 stocks for the best shot at outperformance in 2023 — according to a Deutsche Bank group that's seen its stock picks double in value in five years
▼ + stars: | 2023-01-08 | by ( Marley Jay | ) www.businessinsider.com time to read: +2 min

Deutsche Bank updated its list of favorite stock picks to include its 33 best ideas for 2023. The firm says its portfolio of top ideas has doubled in value in a little more than five years. Today, its best ideas include significant bets on industrials and consumer-focused companies. Deutsche Bank isn't expecting a repeat of that dynamic — at least, not to the same degree. This week the firm updated its quarterly list of its highest-conviction stock ideas, and there are no oil and gas companies represented among its analysts' 33 favorites picks.

☆ Delta Air Lines to Offer Free Wi-Fi Starting Feb. 1
▼ + stars: | 2023-01-06 | by ( Alison Sider | ) www.wsj.com time to read: 1 min

About 80% of Delta’s U.S. domestic mainline fleet will be equipped to launch the offering at the start of February. Delta Air Lines Inc. said it plans to begin offering free wireless internet starting Feb. 1, part of a broader new entertainment package that is likely to intensify competition over airlines’ in-flight offerings. Delta Chief Executive Ed Bastian said Thursday that about 80% of Delta’s U.S. domestic mainline fleet will be equipped to launch the free offering at the start of next month, with more aircraft being added weekly. The airline said free Wi-Fi will be available on more than 700 planes by the end of this year, with the service expanding to all of Delta’s international and regional planes by the end of next year.

☆ Delta Air Lines to Offer Free Wi-Fi Starting in February
▼ + stars: | 2023-01-06 | by ( Alison Sider | ) www.wsj.com time to read: 1 min

☆ American is cutting 3 more cities and leaving one without airline service entirely — see the full list of 19 cities it has dropped since the pandemic
▼ + stars: | 2023-01-06 | by ( Taylor Rains | ) www.businessinsider.com time to read: +3 min

American Airlines is cutting 3 cities from its network, blaming the pilot shortage and "soft demand." One small airport — Del Rio, Texas — will lose airline service entirely after the carrier's exit. Del Rio, a tiny city in southern Texas with only about 35,000 people, is currently served by American from Dallas/Fort Worth. However, the airline's announced exit will leave Del Rio without any air service link to the rest of the country. Del Rio joins a growing list of 19 cities that American has dropped since the pandemic, the carrier confirmed to Insider.

☆ Wall St Week Ahead Stock swoon resets valuations but recession risk, rates cloud outlook
▼ + stars: | 2023-01-06 | by ( Lewis Krauskopf | ) www.reuters.com time to read: +5 min

The S&P 500 tumbled 19.4% in 2022, as the Federal Reserve's aggressive rate hikes designed to tamp down 40-year high inflation punished asset prices. The market's 2022 slide cut the ratio of price to forward earnings estimates to around 17 from about 21.7 a year ago, according to Refinitiv Datastream. S&P 500 forward price-to-earnings ratio over timeValuations may still be too high if a recession comes to pass, as many on Wall Street expect. Combined with an expectation of weakening earnings estimates, that would lower the S&P 500 to 3,200, UBS said, roughly 16% below current levels. The 2022 surge in interest rates also could undermine stock valuations by making relatively safe assets like U.S. Treasuries more attractive alternatives.

☆ Southwest will soar again into open U.S. skies
▼ + stars: | 2023-01-06 | by ( ) www.reuters.com time to read: +2 min

NEW YORK, Jan 6 (Reuters Breakingviews) - The costs of Southwest Airlines’ (LUV.N) Christmas debacle landed on Friday. The company expects that some 17,000 flight cancellations will eat away between $725 million and $825 million of fourth-quarter pre-tax profit, creating a net loss in the period. Despite experiencing major disruptions before, $20 billion Southwest always manages to resume cruising altitude. Southwest, United Airlines (UAL.O), Delta Air Lines (DAL.N) and American Airlines (AAL.O) account for about two-thirds of the market. The Southwest enterprise now trades below 4 times expected 2023 EBITDA, a discount to peers.

☆ Take Five: Welcome to 2023
▼ + stars: | 2023-01-06 | by ( ) www.reuters.com time to read: +5 min

LONDON, Jan 6 (Reuters) - A potential shift by the world's most dovish major central bank, inflation pressures abating, a turn in the economic outlook and oil markets suffering their biggest tumble in decades: Welcome to 2023! 1/ EARNINGS AND INFLATIONThe week ahead brings a critical read into two key themes for Wall Street in 2023: the health of corporate profits and inflation. With crude oil volatility soaring, 2023 might be anything but plain sailing for producers and consumers alike. Barclays expects the UK economy to keep contracting until the end of the third quarter of 2023. It takes time for declines in market prices to filter through into household bills, but signs are positive for cash-strapped consumers and businesses.

☆ Markets rally on signs inflation is abating, as investors look to next week's consumer price data
▼ + stars: | 2023-01-06 | by ( Zev Fima | ) www.cnbc.com time to read: +5 min

Later in the day, markets were also buoyed by the ISM's nonmanufacturing purchasing managers' index, which said the services industry contracted last month. The next big test will be December's consumer price index report, to be released Thursday. Meanwhile, the fourth-quarter earnings season kicks off next Friday, when the banks – including Club holding Wells Fargo (WFC) – are set to report. On Thursday, the December ADP employment report was released, showing an additional 235,000 jobs, well above the 153,000 expected by analysts. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ Delta is rolling out free Wi-Fi for all travelers: Here's how to sign up
▼ + stars: | 2023-01-05 | by ( Nicolas Vega | ) www.cnbc.com time to read: +1 min

Starting next month, Delta Air Lines will offer free Wi-Fi to all of its passengers. Delta claims that its network will provide "best-in-class in-flight connectivity" for customers. "We didn't just want free Wi-Fi to offer base-level service – we wanted it to be transformative for the entire onboard experience," Bastian said in a statement released following the announcement. The rollout will begin on Feb. 1, with more than 700 Delta aircraft being equipped by the end of 2023. By the end of 2024 the airline will have brought the service "on international and regional aircraft."

☆ Delta plans to offer free Wi-Fi starting Feb. 1
▼ + stars: | 2023-01-05 | by ( Leslie Josephs | ) www.cnbc.com time to read: +2 min

Delta Air Lines will offer travelers free Wi-Fi starting Feb. 1, after years of studying the possibility. Travelers will access the free internet service by logging in with their Delta SkyMiles frequent flyer account information, Bastian added. It's free on JetBlue , which has some corporate sponsorships for the service, and Hawaiian Airlines is planning to offer free internet with SpaceX's Starlink this year. American Airlines ' Wi-Fi service starts at $10 and varies depending on the route, though last April, the carrier and its provider Viasat, started trialing free Wi-Fi for some customers. Airline executives have been hesitant to offer free Wi-Fi service until it is more reliable.

☆ Delta Air Lines is rolling out free Wi-Fi
▼ + stars: | 2023-01-05 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

New York CNN —Delta Air Lines is rolling out free Wi-Fi to most of its planes beginning February 1. Customers will know if their flight has free Wi-Fi by a decal noting it near the boarding door. It has been testing free Wi-Fi over the past several years, and made messaging free in 2017. Delta is the first of the “Big Three” airlines to offer free Wi-Fi: United Airlines and American Airlines (AAL) both charge varying rates for access. JetBlue (JBLU) has offered free Wi-Fi since 2017.

☆ Delta will start offering free Wi-Fi on its planes this year
▼ + stars: | 2023-01-05 | by ( Taylor Rains | ) www.businessinsider.com time to read: +3 min

Delta Air Lines will be the first US global carrier to offer free Wi-Fi on most domestic mainline flights. JetBlue Airways, which is considered a low-cost airline, already offers free Wi-Fi on all of its planes. As of now, only Delta-operated aircraft will offer free Wi-Fi — this does not apply to its codeshare or regional partners. The new offering is in partnership with T-Mobile, which already offers free internet onboard many Delta flights to users of its cellular network. Delta, which has been regularly praised for its on-time performance, safety record, and cabin products, is bringing more than just free Wi-Fi to its planes this year.

☆ The top 20 safest airlines in the world for 2023, according to experts
▼ + stars: | 2023-01-04 | by ( Taylor Rains | ) www.businessinsider.com time to read: +5 min

AirlineRatings.com has revealed the 20 safest airlines in the world for 2023, which includes five from the US. The website also revealed the top 20 safety low-cost carriers — another five of which were from the US. He also noted that the safety margins between the top 20 carriers were "very small," and that they are "all outstanding airlines." Meanwhile, the same five US carriers that made the list last year — Alaska Airlines, Hawaiian Airlines, United Airlines, American Airlines, and Delta Air Lines — maintained their spots in 2023. The organization also published the world's 20 safest low-cost carriers, which included five US carriers — Allegiant Air, Frontier Airlines, JetBlue Airways, Southwest Airlines, and Spirit Airlines.

☆ Stocks making the biggest moves midday: Wynn Resorts, Microsoft, Honeywell, Salesforce and more
▼ + stars: | 2023-01-04 | by ( Michelle Fox | ) www.cnbc.com time to read: +5 min

The Wynn Resorts logo stands illuminated as people sit by the fountain at the Wynn Macau casino resort in Macau, China, on Tuesday, July 24, 2018. Check out the companies making the biggest moves midday:Wynn Resorts — The casino operator's stock jumped nearly 7%, building on its solid start to 2023. Salesforce — Shares of the cloud-based software company jumped more than 3% after Salesforce announced that it is cutting 10% of its personnel and reducing some office space as part of a restructuring plan. Celanese — The global chemical and specialty materials company jumped more than 6% after being upgraded by RBC Capital Markets to outperform from sector perform. The firm cited the solar company stock's "steep drop from the initial euphoria created by the Inflation Reduction Act."

☆ The 4 best success tips CEOs shared this year—from Tim Cook to Delta’s Ed Bastian
▼ + stars: | 2022-12-31 | by ( Natasha Piñon | ) www.cnbc.com time to read: +5 min

Here are some of the best success tips that top CEOs shared this year. And magic to be found in the service of others.”Claire Babineaux-Fontenot, Feeding America CEO Claire Babineaux-Fontenot, the CEO of Feeding America, knows the importance of giving back. Beth Ford, Land O'Lakes CEO Land O'Lakes CEO Beth Ford is no stranger to success. “Often, we think, ‘Nobody is going to see the good job I’ve done,’ or we’re scared to ask for help. Yet, if you do ask someone for help, or ask for what you want, people will reach out and give it to you.”

☆ Some Airlines Have Instituted a Fare Cap, but Don’t Expect a Deal
▼ + stars: | 2022-12-29 | by ( Jacob Passy | ) www.wsj.com time to read: 1 min

Several large airlines say they are capping fares in the wake of the Southwest Airlines Co. meltdown, but that doesn’t mean stranded travelers should expect to find airfare deals. Multiple carriers—including Delta Air Lines Inc., American Airlines Group Inc. and United Airlines Holdings Inc.—said they would put a cap on fares to accommodate travelers making last-minute bookings after Southwest Airlines canceled nearly 16,000 flights since Dec. 22.

☆ Delta was the most on-time North American airline during a chaotic 2022, data shows. See which carriers made the top 10.
▼ + stars: | 2022-12-29 | by ( Taylor Rains | ) www.businessinsider.com time to read: +5 min

Aviation data analytics company Cirium has revealed its annual on-time performance review for 2022. Delta Air Lines led the pack with a rate of about 84%, while Air Canada came in last at just 55%. Travel data provider Official Aviation Guide says a score of at least 80% is considered "pretty good." Fortunately, aviation data analytics company Cirium has the answer. Here is a closer look at North America's best and worst airlines for on-time performance in 2022.

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