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CNN —A Spirit Airlines plane was hit by gunfire Monday over Haiti’s capital Port-au-Prince, according to diplomatic source in the country, resulting in what the airline described as “minor injuries” to one of its crew members. It added that the aircraft has been taken out of service, and Spirit services to Port-au-Prince and Cap-Haitien have been suspended. Toussaint Louverture International Airport in Port-au-Prince, Haiti’s main international airport, has since paused operations following the incident, the diplomatic source told CNN. US-based carriers JetBlue and American Airlines have also cancelled flights to and from Haiti until Thursday. Conille’s predecessor Ariel Henry stepped down earlier this year amid spiraling gang violence.
Persons: Spirit, Prince, Toussaint Louverture, Garry Conille, Alix Didier Fils, Ariel Henry Organizations: CNN, Airlines, FlightRadar24, Sunrise Airways, JetBlue, American Airlines, United Nations, Haiti’s Locations: Port, Fort Lauderdale, Florida, Santiago, Dominican Republic, Haiti, Caribbean
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAirline stocks are rising post-election due to lower tax rates and deregulation: Bernstein's VernonDavid Vernon, Bernstein analyst, joins 'Squawk on the Street' to discuss why airlines are beneficiaries of Trump's election, which airlines Vernon favors, and much more.
Persons: Bernstein's Vernon David Vernon, Bernstein, Vernon
An Airbus A350-941 from Singapore Airlines is preparing to take off on the runway at Barcelona-El Prat Airport in Barcelona, Spain, on May 1, 2024. SINGAPORE — Shares of Singapore Airlines dropped after the city-state's flag carrier reported a fall of almost 50% in net profit for its first half April to September period, citing lower yields and growing competition. Net profit in the first half of the fiscal year came in at 742 million Singapore dollars ($559.12 million), 48.5% lower than the SG$1.44 billion in the same period a year ago. Singapore Airlines said in a release that the fall in operating profit was due to "increased capacity and stronger competition in key markets," which led to a fall in yields and ultimately, profit. However, SIA will not "hold back on capacity growth just because there's competition in the market," Lee added.
Persons: Lee Lik Hsin, Goh Choon Phong, Lee Organizations: Airbus, Singapore Airlines, El, SINGAPORE —, Singapore, SIA Locations: Barcelona, Spain, SINGAPORE, Singapore
Private jet usage is way up for 2 reasons
  + stars: | 2024-11-10 | by ( Eliza Relman | ) www.businessinsider.com   time to read: +3 min
Private jet travel has surged in recent years, and two big changes explain why. Meanwhile, more affordable options for on-demand private jets multiplied. Two big factors led to that spike in private flights: The pandemic and a spate of more affordable options for flying private. But soon, private jet travel surged even as commercial flying remained depressed. Meanwhile, fractional ownership of private planes, fly-share services, subscriptions to private jet companies, and other on-demand private flying options have also grown much more popular and made private flying more accessible and affordable.
Persons: , That's Organizations: Service, NGO Transport, Environment Locations: Nature, New York City, Miami
South Korea’s military said North Korea disrupted GPS signals from border areas for the second-straight day on Saturday, affecting an unspecified number of flights and vessel operations. While warning aircraft and vessels near western border areas, South Korea’s military did not specify how North Korea was interfering with GPS signals or detail the extent of disruptions. North Korea’s GPS signal disruptions and balloon campaigns highlight the vulnerability of South Korea’s Incheon International Airport, its main transportation gateway, analyst Sukjoon Yoon recently wrote on the North Korea-focused 38 North website. He said that in 2024, North Korean trash balloons halted the airport’s runway operations 12 different times for a total of 265 minutes. South Korean officials say North Korean activities to disrupt GPS signals from western border regions increased as the country began launching trash-carrying balloons toward the South in late May, which the North described as a retaliation against South Korean civilian activists flying anti-North Korean propaganda leaflets across the border.
Persons: Koreas, Kim Jong Un, Sukjoon Yoon, ” Yoon, Kim, Vladimir Putin’s Organizations: Korea’s, Chiefs, Staff, North, South Korea’s, International Airport, Pyongyang —, Washington ., South Korean Locations: North Korea, South, Kaesong, Haeju, Korea, North Korean, Pyongyang, South Korea, Seoul, Washington, Washington . South, Korean, Russia, Ukraine, Moscow
Almaty, Kazakhstan CNN —Several cities around the globe have reinvented themselves in recent years, but none more successfully than Almaty. Since the collapse of the USSR, Kazakhstan’s largest city (population 2.2 million and growing) has evolved from a drab, run-of-the-mill Soviet metropolis into the urban star of Central Asia. “It’s an incredibly livable city,” says long-time American resident Dennis Keen, a historic preservation advocate and founder of Walking Almaty. Over and underground artThe Abilkhan Kasteev State Art Museum is filled with more than 20,000 works of art. Other good collections include the Ihlas Museum of Folk Musical Instruments (in a Russian-style wooden mansion built in 1908) and the ethnographic artifacts of the Almaty Museum.
Persons: It’s, , , Dennis Keen, ” Keen, “ It’s, Jama Nurkalieva, Charles O, Cecil, Alamy, Auyl, James Talalay, Lukas Bischoff, Keen, Roshcha Organizations: Kazakhstan CNN, Walking, Central, Cathedral, Astana, Tselinny Center of Contemporary, Dynamo, Prix Versailles, Park, Art, Louvre, Art Museum, Ihlas Museum, Folk, Almaty Museum, Eiffel, of Contemporary, Academy of Science, Turkish Airlines, Air Astana, Ritz, Carlton Locations: Almaty, Kazakhstan, USSR, Kazakhstan’s, Central Asia, Walking Almaty, , Central Asian, China, Europe, Russian, Soviet Union, Shan, Lower Kolsai Lake, There’s, Soviet, Zholy, Almaty Metro, Almaly, Auezov, Istanbul, Beijing, Seoul , New Delhi, Bangkok, Arasan, Otrar, Lanzhou, Novotel, Darejani, Ascension
I'm exited Singapore Airlines is adding doors to business class after flying the current seat. AdvertisementIn early 2023, I flew Singapore Airlines on the world's longest flight to experience what is considered a top-tier business class. Taylor Rains/Business InsiderSince then, I've flown in door-equipped business class on Japan's All Nippon Airways and British Airways. The carrier announced plans in November to retrofit 41 Airbus A350 planes with a new door-equipped business class. Air India launched its new pod-like business class in January as it completely overhauls its brand.
Persons: I'm, , Taylor Rains, I've, Goh Choon Phong, Skytrax's Organizations: Singapore Airlines, Service, All Nippon Airways, British Airways, Boeing 777X, Air India, Air, Turkish Airlines, American Airlines, Korean Locations: Singapore, Qatar
It is months before Trump's inauguration, but tariffs are already on the lips of global business leaders. AdvertisementAs soon as Donald Trump won reelection, CEOs worldwide discussed his plans for a new era of global tariffs. AdvertisementOn Wednesday, Oliver Zipse, chairman of BMW, downplayed fears over tariffs during a third-quarter earnings call, citing the company's large US business. Advertisement"Politics is politics," Ikea's CEO, Jesper Brodin, told Business Insider when asked about how Trump's tariffs would affect international business. Soon after Trump's departure from the White House, the two sides ended their dispute and axed the tariffs, but renewed tariffs could lead to issues once again.
Persons: Donald Trump, Ralph Lauren, , Trump, he'd, John Deere, Trump's, Shinju Aoyama, Aoyama, Shinji Aoyama, YOSHIKAZU, Piyush Gupta, Gupta, Europe Trump, Davidson, Oliver Zipse, Zipse, Maja Hitij, Arne Freundt, Freundt, Jesper Brodin, Guillaume Faury, Faury, OZAN KOSE, Martin Sorrell, Sorrell, Justin Picicci, Ralph Lauren's, Picicci, Timothy Boyle Organizations: BMW, Airbus, Ikea, Service, Biden, Japan's Honda Motors, Honda, Getty, DBS, Mercedes, Volkswagen, Puma, European Union, Boeing, EU, White, North, Columbia, Washington Post Locations: China, Mexico, Europe, AFP
Qantas flight QF520 had to make an emergency landing in Sydney after a suspected engine failure. As of June 30, the Qantas Group had 347 aircraft, 75 of which were Boeing 737-800 planes. AdvertisementA Qantas flight headed to Brisbane had to make an emergency landing at Sydney Airport after a suspected engine failure. Qantas flight QF520 made a safe landing just after 1 p.m. local time, a spokesperson for Sydney Airport told Business Insider. As of June 30, the Qantas Group had 347 aircraft, 75 of which were Boeing 737-800 planes.
Persons: QF520, Organizations: Qantas, Boeing, Qantas Group, Service, Sydney Airport, Business, Aviation, Fighting, Sydney, Airbus, Alaskan Airlines Locations: Sydney, Brisbane, Tokyo, Oregon, California
A masked bandit sent Spirit Airlines passengers scurrying at LaGuardia Airport in New York City on Monday, when a raccoon was spotted busting through a ceiling tile. Video shows the raccoon dangling from a cord from inside a ceiling tile next to the Spirit Airlines counter. As screams filled the budget airline’s terminal, another video showed someone was carrying what seemed to be a trash can in an effort to catch the raccoon. Spirit Airlines confirmed that there were no injuries reported. But the renovations didn’t include the scene of the stowaway critter: the airport’s Terminal A.
Persons: LaGuardia, Joe Biden Organizations: Spirit Airlines, LaGuardia, Port Authority of New, NBC News . Airport Locations: New York City, Port Authority of New York, New Jersey
CNN —Lost luggage is one of the major woes of the modern travel era, with rates of mishandled bags still up since the start of the pandemic. But travelers wanting their bags back will still have to move fast – the shareable tracking option is currently only available for a week. In 2023, airlines lost an average of 6.9 bags per 1,000 passengers, according to SITA, which offers solutions for the aviation industry. That’s an improvement on 2022, which saw a whopping 7.6 bags lost per 1,000 passengers — but still well up on pre-pandemic numbers. In 2019, 5.6 bags were lost per 1,000 flyers.
Persons: Barry, Sherry, SITA Organizations: CNN, American Airlines and British Airways, Apple Locations: Swiss, Zurich
They deemed business class more lucrative for long-haul flights. While these carriers still have business class, true first class remains a money-maker despite taking up the least amount of cabin real estate. Air France, Swiss International Air Lines, and Lufthansa are also in the mix, among others. "Air France is committed to having this super premium first-class product because it's Air France," Funk said. Advertisement"You're not going to have William and Kate fly business class alongside 85 other people," she said.
Persons: , Badr Mohammed Al Meer, Tiffany Funk, Funk, Kate Organizations: Service, Air Lines, United Airlines, American Airlines, Qatar Airways, CNBC, Singapore Airlines, Air, Swiss International Air Lines, Lufthansa, monied Fortune, Google, US, Funk, British Airways, Getty Images Airlines, it's Air, Qantas, Qantas Media Locations: Europe, Asia, Air France, Swiss, monied, Singapore, Emirates, France, Australia, New York, London
Trump favors slashing the corporate tax rate to 15% from 21%. To find a group of beneficiaries from lower corporate tax rates, Goldman screened for stocks that have seen the highest median corporate tax rate over the past ten years. Companies on the list pay median corporate tax rates higher than the S & P 500 median of 21%. CEO Bob Iger's media company also has one of the highest ten-year median corporate tax rates found by Goldman, at 29%. Hilton has also paid a ten-year median corporate tax rate of 29%.
Persons: Donald Trump's, Goldman Sachs, David Kostin, Kostin, Trump, Trump's, Goldman, Disney, Bob Iger's, FactSet, Hilton Organizations: White, Goldman, Dow Jones, Nasdaq, U.S . House, GOP, Republican, Companies, DIS, Disney, Hilton Worldwide Holdings, FactSet, Delta Airlines, American Express
CNN —Travelers at LaGuardia Airport in New York got quite the wake-up call on Monday morning when a raccoon fell from the ceiling at a gate before they boarded the plane. Video shared on social media shows the chaotic critter scene at a Spirit Airlines gate where a raccoon can be seen clinging onto a cable that is hanging from the ceiling. The incident took place around 8 a.m., according to the Port Authority of New York and New Jersey. “The raccoon was safely located and released outside, with no further sightings report,” the Port Authority said. “To ensure safety, airport staff is working closely with a professional wildlife control company to monitor the area, identify potential entry points, and implement necessary precautions,” the Port Authority said.
Persons: , LaGuardia, Joe Biden, It’s, Michael Reiss, he’d, He’s Organizations: CNN, CNN —, LaGuardia, Spirit Airlines, ” Spirit Airlines, Port Authority of New, Port Authority, Marine Locations: New York, Port Authority of New York, New Jersey, Chester , Pennsylvania, Germany
These stocks are soaring off the Trump victory
  + stars: | 2024-11-06 | by ( Elisabeth Buchwald | ) edition.cnn.com   time to read: +5 min
That would mark a reversal from the Biden administration, which allowed migrants seeking asylum to legally work in the country while awaiting trial. A Trump administration is expected to approve Capital One's proposed merger with Discover Financial Services. Andrew Caballero-Reynolds/AFP/Getty ImagesGenerally, a Trump administration is expected to be more supportive of mergers and acquisitions compared to the Biden administration, which has sought to block many. Retail and green energy stocks falterWednesday wasn’t all good news for stocks, though. Trump is widely expected to repeal tax credits and other incentives President Joe Biden pushed for in the Inflation Reduction Act.
Persons: Donald Trump’s, Biden, It’s, Trump, Tesla Elon, Tesla, Donald Trump's, Elon Musk, Trump . Thibaut Durand, Hans Lucas, JPMorgan Chase, Jamie Dimon, Michael Barr, Goldman Sachs, Andrew Caballero, Reynolds, bitcoin, Joe Biden Organizations: New, New York CNN, Prisons, GEO Group, SpaceX, Trump ., Getty, Bank, JPMorgan, Federal, Citigroup, Discover Financial Services, Capital, Republican, JetBlue, Spirit Airlines, Trump, Mattel, Hasbro Locations: New York, AFP
Cheap stocks still remain for investors to buy, despite the equity market persisting near its all-time highs. Strong economic growth and the commencement of an interest rate reduction cycle have propelled stocks to new heights this year, with the benchmark S & P 500 index up 21% in 2024, as of Tuesday's close. CNBC Pro recently screened data from LSEG to find the stocks in the S & P 500 that are currently priced at a discount and could see outperformance going forward. Industrial company 3M has already risen 38% this year but could climb another 15%, according to its average price target. Other names on the list of cheap but promising stocks included technology titan Alphabet , conglomerate Berkshire Hathaway and airline carrier United Airlines .
Persons: Wells Fargo, TD Cowen, Ryan Langston Organizations: Dow Jones Industrial, Nasdaq, CNBC Pro, Citigroup, Universal Health Services, SDP, Universal Health Services . Industrial, 3M, LSEG, Berkshire Hathaway, United Airlines Locations: Monday's
I use credit-card points to book almost all my travel, but I try not to carry a balance on my cards. AdvertisementI am a frequent traveler — on average, I fly at least once a month — and I put most of my expenses on my Delta co-branded airline credit card. As someone who books most of my travel with points and miles, here are things I'd never do. Caroline Purser/Getty ImagesIn my experience, it's rarely a good value to use my airline miles and credit-card points on hotel stays or vacation packages. It's my oldest credit card, and the interest rate is reasonable, so keeping it is good for my credit score for now.
Persons: , I've, Caroline Purser, I'm, that's Organizations: Service, Southwest Airlines Locations: San Antonio, Fort Lauderdale
Unionized Boeing workers on Monday voted to accept a contract proposal, ending a seven-week strike. AdvertisementBoeing union workers approved a labor contract proposal on Monday that will increase pay by 38% over four years and end a seven-week strike. This was after Boeing union leaders endorsed the offer on Thursday. The first was when over 30,000 union workers voted to strike after being displeased with the 25% pay increase they were originally offered. The company's second offer with a 30% pay increase was withdrawn after talks broke down.
Persons: , Jon Holden, Brandon Bryant, Boeing machinists, Brian Bryant, Kelly Ortberg, Ortberg Organizations: Bank of America, Boeing, Service, International Association of Machinists, Aerospace Workers, IAM, BI Locations: Seattle
Singapore Airlines is planning to add a four-seat first class to the Airbus aircraft it uses for its longest routes, a bet to attract high-spending travelers to flights that can top 17 hours. The carrier will add the new seats to seven Airbus A350-900 URLs, or ultra-long-range aircraft that it uses for lengthy trips, including its longest, between New York and Singapore. Singapore said the new first- and business-class seats will have new in-flight entertainment but the carrier didn't disclose many details about the new cabins. Airlines have been investing billions of dollars to revamp their premium cabins to chase travelers willing to shell out for more space on board. They range from international airlines Singapore Airlines to smaller carriers like JetBlue Airways , whose long-range twin-aisle jets used for trips across the Atlantic feature suites with sliding doors.
Persons: Goh Choon Phong Organizations: Singapore Airlines, Airbus, Airlines, JetBlue Airways Locations: New York, Singapore
Five-star carrier Singapore Airlines is investing $830 million to retrofit 41 Airbus A350 planes. Business class doors are increasingly popular as flyers demand more privacy in high-dollar cabins. The privacy door, a flyer favorite, is an increasingly popular perk in business class. Singapore opted for privacy wings instead of a door on its existing A350 business class, which Business Insider flew in January 2023. Singapore's A350-900ULR will add three business class seats but lose 36 premium economy seats to make room for first class.
Persons: , Taylor Rains, Goh Choon Phong Organizations: Singapore Airlines, Boeing 777X, Service, Airbus, Singapore, Business, Insider Airlines, Air, American Airlines, British Airways, Korean Air, Turkish Airlines, Boeing, Qatar Airways, Cathay Locations: Qatar, Air India, Singapore, New York City, Singapore Airlines Singapore, London, Hong
Ryanair, Europe's biggest airline, repeatedly criticized Boeing in its latest earnings report. The airline said that this increase came "despite repeated Boeing delivery delays." Related Video"Many customers are switching to Ryanair for our lower air fares," Ryanair's CEO Michael O'Leary said. Ryanair CEO Michael O'Leary has been one of Boeing's harshest critics in recent months. Related stories"While we continue to work with Boeing leadership to accelerate aircraft deliveries ahead of peak S.25, the risk of further delivery delays remains high," the CEO added.
Persons: , Michael O'Leary, O'Leary, Yves Herman Ryanair, machinists, Kelly Ortberg, Tim Clark, Scott Kirby Organizations: Ryanair, Europe's, Boeing, Service, REUTERS, Alaska Airlines, Emirates, United Airlines Locations: Alaska
Boeing workers vote to accept deal, end strike
  + stars: | 2024-11-04 | by ( Chris Isidore | ) edition.cnn.com   time to read: +7 min
New York CNN —Striking workers at embattled plane maker Boeing voted Monday to accept the company’s most recent offer, ending the costliest strike in the United States in more than 25 years. The International Association of Machinists (IAM) said rank-and-file members voted by 59% to approve the deal. But the deal did not restore the traditional pension plan they lost in 2014 from their previous labor deal. But despite the deep financial problems, Boeing had little choice but to settle the strike and get the workers back on the job. Boeing’s economic impactDespite its problems, Boeing is still a major contributor to the US economy, as it is the largest American exporter.
Persons: Boeing’s, “ I’m, , Jon Holden, , Holden, Kelly Ortberg, Workers ’, It’s, ” Holden, We’ll, they’ve, Ortberg Organizations: New, New York CNN —, Boeing, International Association of Machinists, IAM, ” Boeing, Workers, ” Companies, Research, Anderson Economic Group, Labor, Alaska Airlines Locations: New York, United States, Michigan
It has nine intakes of 20 cadets this year for its Airline Transport Pilots Licence (ATPL) course that costs £105,500 ($136,000). It acquired another site in Vero Beach, Florida, where UK cadets spend six months of their course. Related Video Why flying is so terrible even though airlines spend billionsBooth says airlines are "very much knocking on our door" as they look to recruit new pilots. Skyborne cadets and British Airways CEO Sean Doyle at this year's Farnborough Airshow. Courtesy of British AirwaysLife at SkyborneWhen a new course starts at Skyborne, cadets move into the academy's accommodation in nearby Cheltenham.
Persons: , Carla Booth, Booth, Oliver Wyman, Skyborne, Sean Doyle, Vicky Harriss, Libby Roebuck, Roebuck, There's, she's, I've, Harriss, Diamond, Pete Syme, They've Organizations: Business, Service, Gloucestershire, Airline, Delta Air Lines, British Airways, Speedbird, Academy, BI, TUI Airways, International Civil Aviation Organization, Airlines, Cadets, Piper, Boeing, Max, Airbus Locations: Florida, India, England, Vero Beach , Florida, America, Farnborough, Skyborne, Cheltenham, TUI
A tourist takes a photo as the Acropolis’ Propylaea are seen in the background, in Athens, Greece, on June 28, 2024. Flights between the U.S. and Europe have not been this cheap in three years, when many countries were just lifting Covid-19 era rules. According to flight-tracking company Hopper, "good deal" fares across the Atlantic to Europe are averaging $578 in November, down from $619 a year earlier. Many airlines from financially troubled Spirit Airlines to profitable Southwest Airlines have cut flights or trimmed growth plans into next year, which has helped keep U.S. fares firm. Aircraft scarcity is also limiting airlines from adding many flights.
Persons: Brett Snyder, Hopper Organizations: U.S, Airlines, Southwest Airlines, Delta Air Lines, United Airlines, American Airlines Locations: Athens, Greece, Europe, Hopper .
LONDON — Buy now, pay later firm Affirm launched Monday its installment loans in the U.K., in the company's first expansion overseas. Founded in 2012, Affirm is an American fintech firm that offers flexible pay-over-time payment options. Affirm, which is authorised by the Financial Conduct Authority, said its U.K. offering will include interest-free and interest-bearing monthly payment options. Among the first merchants offering Affirm as a payment method in the U.K. are Alternative Airlines, the flight booking website, and payments processing firm Fexco. Max Levchin, CEO of Affirm, told CNBC that the company had been working on its launch in the U.K. for over a year.
Persons: Max Levchin, Levchin Organizations: PayPal Inc, Enercare Center, LONDON, Financial, Authority, Walmart, Airlines, CNBC, Affirm's Locations: Toronto, Canada, American
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