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☆ If D.O.T. Gets Its Way, Families Will Sit Together on Flights for Free
▼ + stars: | 2024-08-01 | by ( Christine Chung | ) www.nytimes.com time to read: +1 min

Right now, domestic airlines treat traveling families differently. A handful, such as JetBlue Airways, American Airlines and Alaska Airlines, guarantee that parents can sit next to their children. But on the others, parents are left to pay for more expensive assigned seats or to bank on the good will of strangers. President Biden even called on Congress to pass legislation targeting fees for families to sit together. “Many airlines still don’t guarantee family seating, which means parents wonder if they’ll have to pay extra just to be seated with their young child,” Mr. Buttigieg said in a statement.

Persons: Joe Biden, Pete Buttigieg, Biden, ” Mr, Buttigieg, ” Organizations: JetBlue Airways, American Airlines, Alaska Airlines, Transportation, Transportation Department

☆ Trump’s net worth has plunged $800 million since Harris entered the race for the White House
▼ + stars: | 2024-08-01 | by ( Matt Egan | ) edition.cnn.com time to read: +2 min

New York CNN —Former President Donald Trump’s social media fortune is shrinking. The value of Trump’s stake in the corporate owner of Truth Social has dropped by $800 million since Vice President Kamala Harris entered the race for the White House on July 21. At the same time, Trump’s Truth Social struggles to gain traction in the social media world. Trump Media’s share price has experienced extreme turbulence since going public in late March. That’s despite the fact that JetBlue generated 2,300 times more revenue last year than Trump Media’s paltry $4.1 million.

Persons: Donald Trump’s, Kamala Harris, Joe Biden, Harris, Trump Organizations: New, New York CNN, White, Trump Media & Technology, Trump, Wall, TheRighting, Trump Media, JetBlue, That’s Locations: New York, Pennsylvania

☆ Biden administration proposes new rule banning airlines from charging parents extra fees to have their kids seated next to them
▼ + stars: | 2024-08-01 | by ( Pete Muntean | Samantha Waldenberg | ) edition.cnn.com time to read: +3 min

CNN —Airlines would no longer be allowed to charge parents extra fees for their kids to be seated next to them under a new rule proposed by the Biden administration. White House officials say their “fee-free family seating” proposal could potentially save parents up to $200 per round trip flight. Today’s ban on family seating fees could save a family of four as much as $200 per round trip. “We’ll cap service fees on tickets to concerts and sporting events and make companies disclose all fees upfront. And we’ll prohibit airlines from charging up to $50 roundtrip for families just to sit together,” Biden said in 2023.

Persons: Biden, Pete Buttigieg, Buttigieg, Lael Brainard, “, Joe Biden, Kamala Harris, Kevin McCarthy, Andrew Caballero, Reynolds, ” Biden Organizations: CNN — Airlines, White, National Economic, Chamber, U.S, Capitol, Getty, “, Frontier, JetBlue, Department of Transportation’s, Airlines, America Locations: Washington ,, AFP, Alaska, American

☆ Spirit Airlines, known for no-frills flying, will offer business-class seats
▼ + stars: | 2024-07-30 | by ( Chris Isidore | ) edition.cnn.com time to read: +3 min

New York CNN —Spirit Airlines, the ultra-low cost carrier known for charging bargain-hunting passengers for anything and everything, is introducing business class seating. Farther back in the plane Spirit will also allow passengers to pay more for seats in rows where the middle seat will not be sold. Spirit looked at merging, first with another ultra low cost carrier, Frontier Airlines, and then with JetBlue Airways. Last week Southwest Airlines, the nation’s older lower fare carrier, announced it would end its open seating policy it has used throughout its history and let passengers reserve seats for the first time. However, Southwest has not announced any plans to offer wider, business class seats.

Persons: “, we’ve, ”, Ted Christie, – CNN’s Erika Tulfo Organizations: New, New York CNN — Spirit Airlines, United, Delta, Frontier Airlines, JetBlue Airways, Southwest Airlines Locations: New York, ”, Southwest

☆ Court blocks US rule requiring airlines to disclose all fees up front
▼ + stars: | 2024-07-30 | by ( ) edition.cnn.com time to read: +2 min

However, the rule “likely exceeds DOT’s authority and will irreparably harm airlines,” a three-judge panel of the Fifth U.S. American Airlines, Delta Air Lines, United Airlines, JetBlue, Alaska Airlines were among the airlines, joined by trade group Airlines for America and the International Air Transport Association, which sued in May to block the rules. The industry said the rule would require airlines to “spend millions” to re-engineer their websites, diverting resources from other projects. Many large US airlines boosted fees this year for checked baggage. U.S. airlines collected $7.1 billion in baggage fees in 2023, up from $6.8 billion in 2022.

Persons: Biden, Pete Buttigieg, ” Organizations: Reuters, Transportation, Fifth U.S, Circuit, Appeals, American Airlines, Delta Air Lines, United Airlines, JetBlue, Alaska Airlines, Airlines for, International Air Transport Association, ”, Microsoft Locations: Airlines for America

☆ JetBlue jumps 20% after surprise profit, $3 billion aircraft spending deferral
▼ + stars: | 2024-07-30 | by ( Leslie Josephs | ) www.cnbc.com time to read: +1 min

JetBlue Airways shares jumped 20% on Tuesday after the airline posted a surprise profit and said it would defer another $3 billion in aircraft spending through 2029 to improve cash flow. The airline posted a $25 million profit for the second quarter, down nearly 82% from last year. JetBlue hasn't posted an annual profit since before the pandemic. It also is trying to better deploy its aircraft outfitted with premium seats like its Mint aircraft to maximize revenue. JetBlue says the changes will help it add $800 million to $900 million in pretax profit from 2025 through 2027.

Persons: JetBlue hasn't, Pratt, Joanna Geraghty Organizations: JetBlue Airways, FAA, Laguardia, Wall Street, JetBlue, Mint, Airbus, Pratt & Whitney Locations: New York City , New York, U.S, New York , New England, Puerto Rico

☆ 3-Stock Lunch: Merck, PayPal and JetBlue
▼ + stars: | 2024-07-30 | 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 Email3-Stock Lunch: Merck, PayPal and JetBlueVictoria Greene, G Squared Private Wealth, joins 'Power Lunch' to discuss stock plays for three stocks.

Persons: JetBlue Victoria Greene Organizations: Merck, PayPal, JetBlue, Wealth

☆ Most big route changes already announced, says JetBlue CEO Joanna Geraghty
▼ + stars: | 2024-07-30 | 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 EmailMost big route changes already announced, says JetBlue CEO Joanna GeraghtyCNBC's Phil LeBeau sits down with Joanna Geraghty, JetBlue CEO, after the airline posts a surprise profit this quarter, exiting from some routes, a return to profitability and more.

Persons: Joanna Geraghty, Phil LeBeau Organizations: JetBlue

☆ Stocks making the biggest moves premarket: CrowdStrike, Merck, PayPal, JetBlue and more
▼ + stars: | 2024-07-30 | by ( Brian Evans | ) www.cnbc.com time to read: +6 min

Revenue of $695 million was also higher than the $686 million expected. Adjusted earnings of 5 cents per share topped the loss of 2 cents per share forecasted by analysts polled by FactSet. Additionally, Howmet increased its quarterly dividend to 8 cents per share from 5 cents per share, to be payable Aug. 26. JetBlue — Shares jumped 4% after the airline said adjusted earnings per share was 8 cents for the second quarter. Analysts expected a profit of $2.80 per share on revenue of $1.18 billion, according to StreetAccount.

Persons: Woodward, FactSet, LSEG, Archer, Gamble —, Leidos, StreetAccount, — CNBC's Michelle Fox, Hakyung Kim, Lisa Kailai Han, Alex Harring, Jesse Pound, Fred Imbert, John Melloy Organizations: CNBC, Delta Airlines, Microsoft, FactSet, Inc, —, Technology, Merck —, pharma, Semiconductor, Bank of America, Pfizer —, Pfizer, Varonis Systems, Howmet Aerospace, Corning, LSEG, Daniels, Midland, JetBlue —, Revenue, PayPal —, PayPal, Procter, Gamble, U.S . Pentagon Locations: FactSet .

☆ Spirit Airlines is trying to go upmarket with snacks, Wi-Fi and checked bags included
▼ + stars: | 2024-07-30 | by ( Leslie Josephs | ) www.cnbc.com time to read: +1 min

Free Wi-Fi? Free checked bag? Free snacks? "Go Savvy" fares come with either a checked bag or a carry-on. Then there's just "Go," essentially Spirit's original product, with just a seat and fees for checked bags, cabin luggage, seat selection, Wi-Fi and snacks.

Persons: Ted Christie Organizations: JetBlue, Airbus, CNBC Locations: Florida, U.S

☆ Stocks making the biggest moves midday: JetBlue, Sprouts Farmers Market, Varonis Systems and more
▼ + stars: | 2024-07-30 | by ( Sean Conlon | ) www.cnbc.com time to read: +6 min

Check out the companies making headlines in midday trading: JetBlue — The airline soared almost 20% after reporting second-quarter earnings that beat analysts' expectations . The Phoenix-based grocery chain also raised its full-year earnings guidance, forecasting revenue rising between 9% and 10%, compared to analysts' 8.2% consensus growth estimate. Revenue of $695 million was higher than the $686 million analysts has estimated. Lattice Semiconductor — Shares pulled back 8.5% after second-quarter earnings and current-quarter revenue guidance came in below expectations. Howmet Aerospace — The aerospace manufacturer rallied 14% after second-quarter earnings and revenue beat Wall Street estimates.

Persons: Varonis, Woodward, FactSet, LSEG, Howmet, Corning, Gamble —, Stanley Black, Decker, —, Alex Harring, Samantha Subin, Lisa Kailai Han, Hakyung Kim Organizations: JetBlue —, New, Revenue, Systems, FactSet, Inc, —, Technology, Semiconductor, Bank of America, CNBC, Delta Air Lines, Microsoft, Merck, Howmet Aerospace, Wall, PayPal, LSEG, Procter, Technologies Locations: New York City, LSEG, New Jersey, Cincinnati, Connecticut

☆ U.S. airlines cut growth plans in a bid to stem profit-eating fare discounts
▼ + stars: | 2024-07-29 | by ( Leslie Josephs | ) www.cnbc.com time to read: +1 min

U.S. airlines are reducing their capacity through the end of the year in a bid to cool an oversupplied domestic market that has led to lower fares and reduced profits despite strong summer travel demand. Airlines now expect to grow flying about 4% year over year during the final three months of the year. U.S. airline executives have noted strong demand but a U.S. domestic market that's awash in flights, forcing them to dial back growth plans, which could drive up fares. Reducing capacity could drive up fares for consumers and boost airlines' bottom lines, if travel demand holds up. Getting fares in the market that are profitable to airlines but palatable to consumers is crucial for the industry as consumers have pulled back on spending in other areas.

Persons: Michael Linenberg Organizations: United, JetBlue, Delta, Laguardia Airport, Deutsche Bank, Sunday . Airlines Locations: Queens, New York City . U.S, U.S

☆ Stock futures are flat in overnight trading ahead of key corporate earnings: Live updates
▼ + stars: | 2024-07-29 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Stock futures were flat in overnight trading Monday as investors awaited key corporate earnings and the beginning of the Federal Reserve's policy meeting. S&P 500 futures and Nasdaq 100 futures both traded 0.1% higher. That compares to a five-year average earnings beat rate of 77%. "Both 2024 and 2025 consensus EPS are holding up, with 2024 EPS tracking a typical non-recessionary year revision trend. "Inflation is trending lower, supporting Federal Reserve rate cuts," said Seema Shah, chief global strategist at Principal Asset Management.

Persons: Savita Subramanian, Jerome Powell, Seema Shah Organizations: New York Stock Exchange, Stock, Dow Jones, Nasdaq, Merck, Pfizer, PayPal, Procter, Gamble, JetBlue, Microsoft, Devices, Bank of, Fed, Asset Management

☆ Earnings Exchange: P&G, JetBlue, Pfizer
▼ + stars: | 2024-07-29 | 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 EmailEarnings Exchange: P&G, JetBlue, PfizerLee Munson, Portfolio Wealth Advisors president and CEO, joins CNBC's 'The Exchange' to discuss three stocks: Procter & Gamble, JetBlue, and Pfizer.

Persons: Pfizer Lee Munson Organizations: G, JetBlue, Pfizer, Procter, Gamble

☆ 14 earnings, jobs and the Fed are what we're watching in the market this week
▼ + stars: | 2024-07-27 | by ( Zev Fima | ) www.cnbc.com time to read: +12 min

As for Club earnings, we got positive results from life sciences company Danaher and industrial firm Dover. Ford was a major disappointment and its nearly 20% stock drop for the week was the worst performer in the portfolio. In the week ahead, it's going to be another big week of earnings with the four mega-cap names and 10 other Club names set to report. Linde : We're looking for more of the same — steady earnings growth; 6% is the Street estimate. End market commentary will also help us better formulate our view of the economy — and in turn the stock market.

Persons: Russell, Jerome Powell's, Ford, Stanley Black, Decker, We're, we'll, Elliott, we've, We'll, Kraft Heinz, Vita Coco, COCO, Lam, SIRI, WEN, Jim Cramer's, Jim Cramer, Jim, Michael M Organizations: Nasdaq, Dow, Communication, Honeywell, YouTube, Procter & Gamble, Devices, Microsoft, Starbucks, GE Healthcare, DuPont, Meta, Apple, Coterra Energy, Linde, Silo AI, Elliott Management, GE HealthCare, Amazon, Apple Intelligence, U.S, Labor, Fed, Networks, Procter, Gamble, PayPal, Pfizer, BP, JetBlue Airways, Merck, Solar Inc, Caesars Entertainment, Electronic Arts, EA, Nation Entertainment, Boeing, Cruise, Mastercard, Teva Pharmaceutical, Hess Corp, Arm Holdings, Qualcomm, Lam Research, Western, eBay, EBAY, MGM Resorts, MGM, ConocoPhillips, Mobileye, Canada Goose Holdings, Hershey, Toyota, Dominion Energy, Air Products & Chemicals, Southern Company, International, Coterra Energy Intel, Coinbase, Booking Holdings, LIN, Exxon Mobil, Chevron, LyondellBasell Industries, Jim Cramer's Charitable, CNBC, Traders, New York Stock Exchange, Santiago, Getty Locations: Dover, Eaton, Amazon, China, destocking, Corning, New York City

☆ It's the end of budget airlines as we know them
▼ + stars: | 2024-07-25 | by ( Taylor Rains | Pete Syme | ) www.businessinsider.com time to read: +5 min

Read previewBudget airlines are upending many of their original business plans as increased costs wreak havoc on their bottom lines. On Thursday, Southwest Airlines announced the end of its open seating policy, a 50-year practice of letting passengers choose their seats based on their boarding order instead of having one pre-assigned. Budget flying has been moving in this direction for yearsThe industry's sea change has left budget carriers scrambling to increase revenue without turning away customers, prompting major policy changes. Other budget airlines have been similarly evolving their business models in recent years. Frontier Airlines and Spirit Airlines, for example, ditched most cancellation and change fees for ticket holders.

Persons: —, Savanthi, Raymond James, Henry Harteveldt, Scott Kirby, Bob Jordan, Jordan, I'm Organizations: Service, Southwest Airlines, Business, Frontier Airlines, Spirit Airlines, JetBlue, Spirit, United Airlines, CNBC Locations: Southwest

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The information for the following product(s) has been collected independently by Business Insider: Citi Strata Premier℠ Card, Citi® Double Cash Card, Citi Rewards+® Card, AT&T Points Plus® Card, Citi Prestige® Card, Citi Custom Cash℠ Card. Earning Citi ThankYou PointsThe easiest way to rack up Citi ThankYou points is with a Citi credit card, which you can easily apply for online. There's one non-airline Citi ThankYou transfer partner available to all cardholders: You can transfer your Citi ThankYou points to Sears Shop Your Way at a rate of 1:10 points. Maximizing Citi ThankYou PointsBefore you sign up for a Citi credit card, it's helpful to know that the Citi ThankYou program lets you pool points with other members. Citi ThankYou Points frequently asked questionsHow can I earn Citi ThankYou Points?

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Chase Ultimate Rewards and American Express Membership Rewards are the most popular credit card reward programs. The Amex Platinum Card and Chase Sapphire Preferred earn points in two different programs — American Express Membership Rewards and Chase Ultimate Rewards®, respectively. American Express Membership Rewards OverviewThis brings us to the American Express Membership Rewards program, which is similar to the Chase Ultimate Rewards with a few key differences. The American Express Membership Rewards program includes the following transfer partners:Amex Membership Rewards Transfer Partners Aer Lingus: 1,000 points = 1,000 milesAeromexico: 1,000 points = 1,600 milesAir Canada: 1,000 points = 1,000 milesAir France-KLM Flying Blue: 1,000 points = 1,000 milesAlitalia: 1,000 points = 1,000 milesANA Mileage Club: 1,000 points = 1,000 milesAsia Miles: 1,000 points = 1,000 milesAvianca: 1,000 points = 1,000 milesBritish Airways: 1,000 points = 1,000 milesDelta SkyMiles: 1,000 points = 1,000 milesEl Al Israel: 1,000 points = 20 milesEmirates: 1,000 points = 1,000 milesEtihad Airways: 1,000 points = 1,000 milesHawaiian Airlines: 1,000 points = 1,000 milesIberia: 1,000 points = 1,000 milesJetBlue: 250 points = 200 milesQantas: 500 points = 500 milesSingapore Airlines: 1,000 points = 1,000 milesVirgin Atlantic: 1,000 points = 1,000 milesChoice Privileges: 1,000 points = 1,000 hotel pointsHilton Honors: 1,000 points = 2,000 hotel pointsMarriott Bonvoy: 1,000 points = 1,000 hotel pointsLike the Chase Ultimate Rewards program, American Express Membership Rewards offers the most bang for your buck when you transfer points to airline and hotel partners. Choosing Between Chase Points and Amex PointsIf you can't decide between Chase Ultimate Rewards and American Express Membership Rewards, there are some serious questions you should be asking yourself.

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