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"Blended-wing" aircraft could be the future of commercial aviation. Airbus and startups JetZero and Natilus lead the development of these more efficient flying wings. Among the most likely concepts is a "blended-wing" body aircraft, which combines the fuselage and wing into one. A handful of companies have announced plans to build these unique vessels by the 2030s, including startups JetZero and Natilus and long-standing planemaker Airbus. The company has decades of experience designing commercial airplanes — leading the industry with its best-selling Airbus A320 family of similar capacity.
Persons: Organizations: Airbus, Service, Aircraft, US Air Force, Boeing, Pathfinder
Octavio Jones | ReutersExecutives at America's largest companies are talking publicly with investors about the presidential election more so than in recent cycles. The word "election" came up on 100 earnings calls of S&P 500 -listed firms between Sept. 15 and Oct. 31, according to FactSet. The U.S. presidential election is Tuesday Nov. 5. 'Prudent' clientsMultiple companies cited a feeling of unpredictability tied to the presidential race among consumers and business clients. To be sure, some of the "election" mentions this year were tied to unrelated events like enrollment periods for health care.
Persons: Blythe Andrews , Jr, Octavio Jones, Kamala Harris, Donald Trump, Richard Tobin, FactSet, John Butters, Harris, Trump, Harry Lawton, Hurricanes Helene, Andrew Watterson, Michael Bayley, Gary Hershorn, Stanley Black, Decker, Donald Allan, Decker's Allan, William Grogan, Jon Vander Ark, Eric Ashleman, hasn't, Nonfarm payrolls, Equifax, Mark Begor, Stephen Squeri, we've, Mark Parrell Organizations: Public, Reuters, America's, CNBC, U.S, Dover, Tractor Supply, Hurricanes, Southwest Airlines, Royal, Hollywood International Airport, Corbis, Republican, Republic, Boeing, Tyler Technologies, American Express, Equity Locations: Tampa , Florida, U.S, Milton, Royal Caribbean, Fort Lauderdale, Fort Lauderdale , Florida, America, China
CNN —Spurred by increasing global demand for air travel, aviation emissions have been rising faster than those from rail, road, or shipping in recent decades. The Natilus Horizon passenger plane aims to reduce emissions by 50%, and increase payload by 40%, due to its blended-wing body shape. Matyushev says the blended wing body design originated in the 1990s from McDonnell Douglas, a major American aerospace manufacturer that merged with Boeing in 1997. Boeing never commercialized a blended wing plane, but studied the concept and produced an unmanned prototype, the X-48. “One of the challenges with the blended wing body design is stability and control,” he explains.
Persons: JetZero, Natilus, , Aleksey Matyushev, Matyushev, McDonnell Douglas, , , you’re, Gary Crichlow, Max, ” Natilus, Crichlow Organizations: CNN, Aviation, SAF, Airbus, Boeing, Max, Aviation News Limited Locations: California, San Diego, Kona, American, Natilus, JetZero
Budget airlines like Spirit, Frontier, and Southwest are struggling to turn a profit. The still-in-service airlines Neeleman founded, like JetBlue Airways, Azul Brazilian Airlines, Canada's WestJet, and Breeze Airways, largely follow this idea. Historically, these strategies have been absent from the likes of Spirit, Frontier, and Southwest, which have stuck to all-economy aircraft with little choice. Southwest Airlines boats an open-seating policy where seats are first-co,me first-serve. Low-cost airlines should continue to ditch barebones planesSouthwest shouldn't be the only one to move away from historical norms.
Persons: David Neeleman, , David Neeleman —, Thomas Pallini, haven't, Neeleman, that's, Barry Biffle, They're, we've, WestJet, Scott Kirby, doesn't, Kevin Carter, Breeze Organizations: Service, JetBlue —, Breeze Airways, Alaska Airlines, Hawaiian Airlines, Street, Frontier, Neeleman, JetBlue Airways, Azul Brazilian Airlines, JetBlue, Southwest Airlines, Morris Air, Spirit, Airbus Locations: Southwest, Frontier, Breeze
These are the most overbought stocks as November kicks off
  + stars: | 2024-11-01 | by ( Pia Singh | In | ) www.cnbc.com   time to read: +4 min
Investors have been accumulating shares of several big-name companies, from GE Vernova to United Airlines , during the market's recent dip. But those and other overbought stocks could be due for a pullback, according to one popular yardstick. Strong earnings from tech giants Amazon and Intel late Thursday were partly responsible for equity gains on Friday, as investors still look to megacap tech stocks for leadership. CNBC Pro screened for stocks that are considered technically overbought on the basis of their 14-day relative strength index, or RSI. Companies with a 14-day RSI above 70 are often regarded as overbought, signaling a pullback may be ahead, while a 14-day RSI below 30 often suggests a stock is oversold and could see future upside.
Persons: Nicole DeBlase, DeBlase, FactSet, Estée Lauder, Dr Pepper Organizations: GE Vernova, United Airlines, Dow, Nasdaq, Amazon, Intel, CNBC Pro, Companies, GE, FactSet, Electric, Deutsche Bank, Pharmaceuticals, eBay Locations: United, U.S, Chicago, China
Some airlines have bought Airbus' new extra-long-haul A321XLR to replace their aging Boeing 757s. That's about 800 miles further than its predecessor and at least 880 miles further than its closest competitor: the aging, out-of-production Boeing 757. Carriers like United Airlines and Icelandair are lining up for the new jet, putting in more than 550 orders so far. Continental Airlines, now United Airlines, switched its 757-300 order to the newer 737-800 in 2003, for example. Icelandair will also replace its 757 fleet with the A321XLR, abandoning the largely all-Boeing fleet it has operated for decades.
Persons: , Bjorn Fehrm, Boeing's, Icelandair, it's Organizations: Airbus, Boeing, United Airlines, Delta Air Lines, Service, Carriers, Iberia, Continental Airlines, Leeham, Seattle Times, Max, United, Business Locations: Spanish, France, North Africa
A British Airways plane turned around midway through a 10-hour journey. AdvertisementA British Airways plane turned around while halfway across the Atlantic Ocean, meaning passengers endured a nine-hour flight to nowhere. "We're sorry for the delay in our customers' travel plans after their aircraft experienced a minor technical issue," a British Airways spokesperson told Business Insider. It was not the first time in recent months that BA passengers have suffered a flight to nowhere. AdvertisementIn June, a Boeing 787s turned around after flying 2,300 miles to Canada's Newfoundland after a technical problem was detected.
Persons: Organizations: British Airways, Service, Boeing, London Gatwick Locations: Costa Rica, London, Europe, Newfoundland
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFormer American Airlines CEO on support for Kamala Harris: This has everything to do with leadershipDoug Parker, former American Airlines chairman and CEO, and Jeff Sonnenfeld, Yale School of Management senior associate dean for leadership studies, join 'Squawk Box' to discuss the state of the 2024 election, corporate America's support for Vice President Kamala Harris, and more.
Persons: Kamala Harris, Doug Parker, Jeff Sonnenfeld Organizations: Former American Airlines, American Airlines, Yale School of Management
New York CNN —More than 30,000 Boeing workers will vote again Monday on whether or not to end a crippling seven-week strike. The deal is not significantly different from an offer rejected by nearly two-thirds of membership just over a week ago. And it happened 10 years ago at Boeing, when about two-thirds of members rejected an offer that ended the pension plan. Despite its many problems, Boeing is a major force in America economy, and it is the largest American exporter. Ending the strike is important for Boeing’s new CEO, Kelly Ortberg, who started in the job just five weeks before the strike began.
Persons: it’s, , , John Deere, “ It’s, Brandon Felton, we’ve, Jon Holden, haven’t, ” Holden, you’ve, , hasn’t, Lindsey Wasson, Holden, What’s, Max fuselages, David Ryder, they’ve, Kelly Ortberg, Ortberg, “ Ortberg Organizations: New, New York CNN, Boeing, International Association of Machinists, Labor, ” Union, United Auto Workers, CNN, IAM, , Anderson Economic Group, Anderson, Reuters, Alaska Airlines Locations: New York, Michigan, Seattle, America
CNN —United Airlines crew and passengers had to stop what court documents describe as an unprovoked beating of a man on a flight on Monday. United says the flight from San Francisco to Washington Dulles International Airport in Virginia “landed safely and was met by paramedics and local law enforcement.”Unruly passenger incidentsThe FBI is investigating the incident, the most recent case of an unruly passenger on a commercial flight to make headlines. The Federal Aviation Administration says airlines have reported more than 1,700 such incidents in 2024. “The FAA pursues legal enforcement action against any passenger who assaults, threatens, intimidates, or interferes with airline crewmembers, and can propose civil penalties up to $37,000 per violation,” the agency said in a statement. Court records show that Nelson is being represented by a public defender.
Persons: Everett Chad Nelson, , ” Nelson, Nelson, United, Virginia “, Hannah Rabinowitz Organizations: CNN — United Airlines, ” United Airlines, Washington Dulles International, Federal Aviation Administration, FAA, CNN Locations: Nelson, San Francisco, Virginia
A man is accused of viciously attacking a sleeping passenger on a United Airlines flight Monday afternoon, leaving him bloody and bruised, federal authorities said. The assault occurred on a flight from San Francisco International Airport in California to Dulles International Airport in Virginia, court documents state. On his way back to his seat, Nelson allegedly stopped at seat 12F and "without notice began physically attacking a sleeping male passenger by punching him repeatedly in the face and head until blood was drawn," the court filing says. During the alleged one-minute attack, blood splattered on Nelson's coat, the seat, the wall and the window, the filing states. Authorities said a fellow passenger intervened and monitored Nelson at a seat near the front of the plane until it landed in Virginia.
Persons: Everett Chad Nelson, Nelson Organizations: United Airlines, San Francisco International, Dulles International, Authorities Locations: California, Virginia
And in recent months, Musk has become one of Trump’s biggest donors and most energetic supporters, turning X into an unofficial house organ for his campaign. On Tuesday, Musk promoted an X Community — a large group of users — called the Election Integrity Community, which was created by his super PAC, America PAC. Musk and X did not respond to requests for comment. Musk has personally boosted many of them, such as @libsoftiktok and the account of conspiracy theorist Laura Loomer, who was suspended from Twitter before Musk bought it. Musk is the CEO of Tesla and SpaceX, but X may be his highest-profile political asset.
Persons: Elon Musk, ” Musk, hasn’t, Donald Trump’s, Trump, Musk, Kamala Harris, , , Giulio Corsi, Paul Pelosi, Nancy Pelosi, Weeks, Ron DeSantis, Robert F, Kennedy Jr, misgendering, it’s, newsbrokers, Laura Loomer, Mert Bayar, Corsi, ” Corsi Organizations: Elon, Twitter, NBC News, PAC, America PAC, U.S, University of Cambridge, Trump, Republican, Florida Gov, GOP, University of Washington, UW Center, SpaceX Locations: Pennsylvania, Haiti
China's top three state-owned airlines reported profit declines in the third quarter despite record summer passenger numbers and fuller planes than last year, as a slowdown in domestic economic growth pushes flyers to seek cheaper fares. Beijing-headquartered Air China on Wednesday reported a net profit of 4.14 billion yuan ($581.34 million) in the quarter, down from 4.24 billion yuan a year earlier. China Eastern Airlines on the same day posted a net profit of 2.63 billion yuan, down 28.2% year on year. The country's largest airline China Southern said on Monday there was "strong demand in the aviation market" but reported a 23.9% year-on-year drop in third-quarter net profit to 3.19 billion yuan. Airlines globally have been seeing stable demand but overcapacity and sluggish yields as a post-pandemic travel boom abates and most planes are back in the skies.
Organizations: Air, China Eastern Airlines, China Southern, Airlines Locations: Beijing, Air China, China
I had plenty of legroom even though I was in a bulkhead seat. The seat was comfortable and roomy, even though it was a bulkhead seat. I'm 6-foot-2 and was able to comfortably cross my legs in my seat, which is just over 20 inches wide. It had the standard center armrest with an extendable drink shelf and USB and power outlets in the front. The tray table was on my right armrest, but I missed having a storage pouch in front of me.
Persons: Scott Johnson
A group of former CEOs published an op-ed Tuesday endorsing Kamala Harris for president. AdvertisementA group of former CEOs who led major US companies — including American Airlines, LinkedIn, Xerox, and American Express — made the case for Kamala Harris in an op-ed one week before Election Day. The 17 business leaders said they were voting for Harris because they thought she'd be better for the economy than former President Donald Trump. AdvertisementOther business leaders have publicly supported Trump, including Blackstone CEO Stephen Schwarzman, who said this week that Trump would be "efficient and effective." Meanwhile, some business leaders have avoided taking a position publicly even if they support one candidate or another in private.
Persons: Kamala Harris, Donald Trump, Elon Musk, , American Express —, Harris, she'd, Reid Hoffman, Doug Parker, Ken Chenault, Michael Lynton, Trump, Musk, Stephen Schwarzman, Jeffrey Sonnenfeld, they're Organizations: Trump, Elon, Service, American Airlines, LinkedIn, Xerox, American Express, Sony, Blackstone, Yale School of Management, Leadership Institute Locations: Fortune, America, Swatara Township , Pennsylvania
An Airbus A321XLR Neo passenger aircraft performs a flying display at the Paris Air Show in Le Bourget, Paris, France, on Monday, June 19, 2023. Airbus said Wednesday that it has handed over its first extra-long-range narrow-body aircraft, the A321XLR, marking another step in an era of smaller and more fuel-efficient jets flying longer distances, and further expanding a delivery gap between Airbus and rival Boeing . The first aircraft was delivered to Spain's Iberia, which plans to debut it between Madrid and Boston next month. American Airlines and United Airlines have also ordered the 321XLRs. The plane maker has been working on getting the aircraft certified for five years.
Organizations: Airbus, Paris Air, Boeing, American Airlines and United Airlines, JetBlue Locations: Le Bourget, Paris, France, Iberia, Madrid, Boston, New York, Amsterdam
Budget airlines like Spirit, Frontier, and Southwest are struggling to turn a profit. Low-cost veteran David Neeleman told BI that Spirit and Frontier should merge to survive. The still-in-service airlines Neeleman founded, like JetBlue Airways, Azul Brazilian Airlines, Canada's WestJet, and Breeze Airways, largely follow this idea. Historically, these strategies have been absent from the likes of Spirit, Frontier, and Southwest, which have stuck to all-economy aircraft with little choice. Southwest Airlines boats an open-seating policy where seats are first-co,me first-serve.
Persons: David Neeleman, , David Neeleman —, Thomas Pallini, haven't, Neeleman, that's, Barry Biffle, They're, we've, WestJet, Scott Kirby, doesn't, Kevin Carter, Breeze Organizations: Service, JetBlue —, Breeze Airways, Alaska Airlines, Hawaiian Airlines, Street, Frontier, Neeleman, JetBlue Airways, Azul Brazilian Airlines, JetBlue, Southwest Airlines, Morris Air, Spirit, Airbus Locations: Southwest, Frontier, Breeze
The thresholds to earn elite status on the airline's MileagePlus program are going up about 25% and include either spending on a co-branded card or a combination of spending and flying. The lowest level status, Silver Premier in 2025 will require customers to earn 5,000 premier qualifying points, or PQP, and fly 15 qualifying flights, up from 4,000 premier qualifying points and 12 qualifying flights. Travelers earn one PQPs for every $1 they spend on United and other qualifying flights. Earning Silver status only by spending— meaning getting to that status without the qualifying flights — will go for 6,000 points, up from 5,000. That would mean customers could spend $6,000 on United flights up from $5,000, regardless of the number of flights they take.
Organizations: United, American Airlines, Delta Air Lines, Airlines, Silver,
The CEOs of Southwest Airlines and American Airlines both want Boeing to deliver planes on time. "Boeing has been a great partner for the whole 53 years of Southwest Airlines, but we need Boeing to be strong. Southwest's fleet consists of 228 Boeing 737 Max 8s, 381 Boeing 737-800s, and 207 Boeing 737-700s, according to aviation website FlightRadar24. Southwest reported earlier this year that it expected to receive around 20 Boeing 737 Max 8. The manufacturer announced on Monday that it is offering 90 million common shares and about $5 billion worth of depositary shares for sale.
Persons: , Bob Jordan, Robert Isom, Jordan, it's, Isom, they're, We've, he's, Kelly Ortberg, Goldman Sachs, JPMorgan Chase Organizations: Southwest Airlines, American Airlines, Boeing, Service, Southwest, Yahoo Finance, Max, CNBC, Alaska Airlines, SEC, Bank of America, Citibank, JPMorgan, Business
JetBlue's full-year revenue forecast misses estimates, shares fall
  + stars: | 2024-10-29 | by ( ) www.cnbc.com   time to read: +2 min
JetBlue Airways forecast a bigger-than-expected fall in 2024 revenue amid a moderation in domestic travel demand ahead of the upcoming U.S. elections, sending its shares down 4.5% before the bell on Tuesday. Election-related uncertainty is expected to weigh on travel demand as consumers prefer to be home and hold off on major discretionary spending. The New York-based carrier expects its 2024 revenue to fall between 4% and 5%, compared with analysts' average expectation of a 3.6% fall, according to data compiled by LSEG. JetBlue, however, managed to report a smaller-than-expected third-quarter loss on Tuesday, owing to improved demand and pricing in the quarter. The airline reported an adjusted loss of 16 cents per share, compared with estimates of a 25 cents loss.
Persons: Milton, LSEG Organizations: Jet Blue, Airbus, JFK International, JetBlue Airways, JetBlue, Pratt, Spirit Airlines Locations: New York, Florida, The New York, U.S
AdvertisementThis as-told-to essay is based on a conversation with Abby Ooi, a therapist, graduate student, and former Singapore Airlines flight attendant. I wanted to become a flight attendant — something I had fantasized about since I was young. But a few months into my second year of working for Singapore Airlines, I started experiencing a lot of stress. After 6 years at Singapore Airlines, I left in February and moved to Sydney a week later. A representative for Singapore Airlines did not respond to a request for comment from BI.
Persons: Abby Ooi, , Ooi, Eager, I'm Organizations: Service, Singapore Airlines, Monash University, University of Sydney Locations: Malaysia, Singapore, of, New York City, California, Sydney, San Francisco
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMajor airlines cancel services to China over lack of demandMajor airlines are reducing services and, in some instances, withdrawing from China altogether as longer routes to Asia following the closure of Russian airspace have raised operational costs, while demand has been low, reports CNBC's Monica Pitrelli.
Persons: CNBC's Monica Pitrelli Locations: China, Asia
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailA lot the industry dynamics have shifted in favor of United and Delta: TD Cowen's Tom FitzgeraldTom Fitzgerald, TD Cowen analyst, joins 'Squawk Box' to discuss news of Boeing's capital raise, impact of Boeing's strike on airlines, tailwinds for airline stocks, and more.
Persons: Tom Fitzgerald Tom Fitzgerald, TD Cowen Organizations: United, Delta
Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. "You want to own the stock," Jim said. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.
Persons: Jim Cramer, Stocks, Jim, TD Cowen, Jim Cramer's Organizations: CNBC, Nasdaq, Microsoft, Delta Air Lines, Home Depot, Dow, pullbacks, Semiconductor, Spotify Locations: Delta
Boeing is looking for a $19 billion boost
  + stars: | 2024-10-28 | by ( Aditi Bharade | Pete Syme | ) www.businessinsider.com   time to read: +3 min
Boeing is looking to raise nearly $19 billion to combat its lack of cash. It comes after Boeing reported a net loss of $6.1 billion in the third quarter. AdvertisementBoeing needs cash, and it's trying to raise almost $19 billion as the company looks to boost its liquidity. The planemaker announced Monday that it is offering 90 million common shares and about $5 billion of depositary shares for sale. Last Wednesday, Boeing reported a net loss of $6.1 billion in its third-quarter earnings.
Persons: , Goldman Sachs, Max, Dave Calhoun, Ron Epstein Organizations: Boeing, Alaska Airlines, Service, planemaker, Bank of America, Citibank, JPMorgan Chase, Alaska Airlines Boeing
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