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☆ Charlie from 'Woman of the Hour' has an eerily similar story to one of serial killer Rodney Alcala's real-life victims
▼ + stars: | 2024-10-28 | by ( Olivia Singh | ) www.businessinsider.com time to read: +5 min

"Woman of the Hour" is based on the true story of serial killer Rodney Alcala's appearance on a game show. Advertisement"Woman of the Hour" tells the story of real-life serial killer Rodney Alcala's appearance on "The Dating Game" in 1978, in the middle of a murder spree. "Woman of the Hour" diverges from the real events at times, but the character of Charlie (Kathryn Gallagher) has a tragic story that's eerily similar to one of Alcala's victims. Related storiesStewardess Charlie meets Rodney while moving into her new apartment in 1971Kathryn Gallagher as Charlie in "Woman of the Hour." Charlie is most similar to Cornelia Crilley, one of Alcala's victims in the '70sKathryn Gallagher as Charlie in "Woman of the Hour."

Persons: Rodney, Cornelia Crilley, Acala, —, Anna Kendrick, Sheryl, Daniel Zovatto, Ryan Murphy's, Lyle, Erik Menendez, Bobby, Charlie, Kathryn Gallagher, who's, he's, Alcala, John Berger, Crilley, Crilley's, Ellen Organizations: TWA, Service, ABC, Netflix, York University, NYU, Airlines Locations: New York City, New Hampshire, Queens, Crilley, California

☆ Major airlines cancel services to China over lack of demand
▼ + stars: | 2024-10-28 | by ( Monica Pitrelli | ) www.cnbc.com time to read: 1 min

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

☆ Some wealthy travelers are replacing their hot summer trips with 'coolcations'
▼ + stars: | 2024-10-28 | by ( Brittany Chang | ) www.businessinsider.com time to read: +7 min

Some luxury travel agents say more vacationers are seeking summer trips to cooler climates. In the summer of 2024, a growing number of travelers flocked to Greece as the country was experiencing deadly heatwaves and fires. Wealthy travelers are seeking out chill summersSome western European destinations like Iceland experienced a cooler-than-average summer. Roth has planned summer trips to the latter. AdvertisementA growing number of travelers are pushing their "Euro summer" trips to the fall to beat peak summer crowds and temperatures.

Persons: —, Spain —, Angelos Tzortzinis, Jackie Roth, Scott Dunn, Roth, Noppasin, Julie Durso, Melissa Biggs Bradley, Alexander Spatari, Sergio Pitamitz, Belles, Kent, Stefano Zaccaria, Patrick Quayle Organizations: Service, Eiffel, Getty, Scott Dunn Private, Airlines, New Jersey's Newark Liberty International, United Airlines Locations: Iceland, Norway, Finland, Europe, Italy, Greece, Portugal, Spain, Canada, Rome, Paris, Scandinavia, Maui, Hawaii, Ireland, France, Oslo, Copenhagen, Stockholm, Faroe Islands, Faroe, Sweden, Denmark, New, Nuuk, Greenland's, Madrid, Greenland

Federal authorities, meanwhile, say their security procedures are sound heading into Election Day, Nov. 5. Its domestic flight bookings are down 19% for the week of the election compared with the same week last year. That has left more room for political jitters to creep into consumers’ travel considerations, travel agents say. That’s partly why Olivia MacLeod Dwinell, 64, and her husband Ross Dwinell, 74, were in Europe this month. Olivia MacLeod Dwinell and her husband, Ross Dwinnell.

Persons: Emily Reeve, “, ”, Reeve, Ed Bastian Delta, Ed Bastian, Delta, they’d, Kamala Harris, Donald Trump, they’re, Kelly Soderlund, Thibaud Moritz, ” Soderlund, Transportation Security Administration “, Jeffrey Price, Olivia MacLeod Dwinell, Sonia Bhagwan, Ross Dwinell, Dwinell, Ross’s, “ We’re, ” Kimberly Kracun, Kimberly, Ross Dwinnell, Olivia MacLeod Dwinell “, ” Kracun, Chirag, Panchal Organizations: Federal, Delta Air, Ed Bastian Delta Air, CNBC, United Airlines, AFP, Getty, Republican, Trump, Transportation Security Administration, ” Flyers, MMGY Travel Intelligence, Future Partners, Baby Boomers, Chirag Panchal, Dallas Locations: Hawaii , Florida, Portland , Oregon, U.S, Navan, Portland, Europe, London, France, Harpers Ferry, West Virginia, Dallas

☆ Airline cracks down on ‘gate lice’ who skip the line
▼ + stars: | 2024-10-26 | by ( Maureen O'Hare | ) edition.cnn.com time to read: +4 min

Editor’s Note: Sign up for Unlocking the World, CNN Travel’s weekly newsletter. There’s a not-very-flattering term for those exhibiting the behavior: “gate lice.”It might feel harmless, but swarming the gate can lead to congestion, confusion and longer wait times. To tackle the problem, American Airlines is trialing new technology at airports in New Mexico, Arizona and Virginia. Passengers who attempt to board before their assigned group is called will set off an error beep, alerting the gate agent — and also rule-abiding fellow passengers. Of course, you might prefer to organize your trip around another list that dropped this week: the world’s best bars for 2024.

Persons: you’re, —, “ We’ve, ”, “ Max, Mike Grossman, CNN “, ” Erin Tridle’s, Jordan, “, Vlad Dimovski, Iga Olszak Organizations: CNN, American Airlines, Geographic, Airlines, Passengers, ” AA, Heathrow, National Geographic, Electricity, Disney Locations: New Mexico, Arizona, Virginia, New Zealand, Europe, Thailand, Italy, Mexico City, Hong Kong, Barcelona, London, Australia, Greece, Istanbul, Turkish, American, United States

☆ I saw how New York's biggest airport wants to build a 5-star terminal. I'd actually look forward to flying through.
▼ + stars: | 2024-10-26 | by ( Taylor Rains | ) www.businessinsider.com time to read: +7 min

AdvertisementJohn F. Kennedy International Airport broke ground on a new Terminal One in September 2022. A private consortium is investing $9.5 billion to modernize the new terminal, focusing on safety, efficiency, and the customer experience. New Terminal OneDevelopers hope the future state-of-the-art terminal will become a Skytrax five-star airport terminal — a feat no US airport had achieved until New York's LaGuardia Airport finally ditched its infamous "LaGarbage" nickname with a new and improved Terminal B in 2023. This includes facial recognition boarding, AI-powered gate systems, and air traffic technology to reduce the chance of near misses. If the technology works as promised, I'd look forward to flying through.

Persons: John F, SITA's, Taylor Rains, Taha Zahir, LaGuardia, Zahir Organizations: Kennedy International Airport, Port Authority of New, JFK, Phillippines Airlines, Air, New, Department of Transportation, Business, JFK's, BI, British Airways, Flyers, TSA, Changi Airport, Korean, ADB Locations: York, Port Authority of New York, North America, Air France, Long, London, Changi, NYC's, LaGuardia, Los Angeles

☆ Boeing's new CEO is taking on the ultimate management test
▼ + stars: | 2024-10-26 | by ( Tim Paradis | Taylor Rains | ) www.businessinsider.com time to read: +8 min

Boeing's still-new CEO, Kelly Ortberg, faces urgent challenges, including a worker strike. Ortberg is focusing on communication, trust, and future innovation at Boeing to get the company on the right path. Ortberg, in a letter released to employees along with the company's third-quarter results, said Boeing's customers want — and need — the company to succeed. "With the right focus and culture, we can be an iconic company and aerospace leader once again," he wrote. "When you feel that the CEO is with you, and the CEO is feeling your pain, it makes it more tolerable and provides hope for the future," Franklin said.

Persons: Boeing's, Kelly Ortberg, Ortberg, —, we've, Bill George, George, he's, Rosalind Franklin, Boyden, Franklin, Jeffrey Sonnenfeld, who's, Mary Barra, Alan Mulally, Sonnenfeld, haven't, Richard Aboulafia, they're, Aboulafia Organizations: Boeing, Service, Harvard Business School, Yale School of Management, Yale's, Leadership, General Motors, Ford, GM Locations: Seattle

☆ I tried Elon Musk's Starlink WiFi on its first Qatar Airways flight. Making video calls at 36,000 feet is a game changer for business and leisure.
▼ + stars: | 2024-10-26 | by ( Pete Syme | ) www.businessinsider.com time to read: +5 min

I was on board Qatar Airways' first flight featuring Elon Musk's Starlink internet. AdvertisementQatar Airways launched its first flight featuring Elon Musk's Starlink WiFi on Tuesday — and Business Insider was invited to the event. I was flying in the QSuite business class for this media event, but Starlink WiFi is free for passengers in every cabin. By contrast, the Starlink WiFi was as high as 215 megabits — faster than most home internet speeds. Crucially, there's almost no downtime as Starlink operates gate-to-gate, while standard inflight WiFi is only activated at cruising altitude.

Persons: Elon Musk's, —, Elon, Starlink cupcakes, Pete Syme, Tom Boon, Thom, laud Organizations: Qatar Airways, Service, Business, Doha's Hamad International Airport, Skytrax, Airlines, United Airlines, Air Locations: Doha's, Qatar, London, Europe, Instagram, Air France, Persian

☆ Election Day stress is affecting some companies' sales
▼ + stars: | 2024-10-26 | by ( Alex Bitter | ) www.businessinsider.com time to read: +5 min

Companies from United to Nestlé have talked about a sales slowdown due to the presidential election. AdvertisementOther companies have invoked the election but not provided details about the dynamics leading consumers to pull back. AdvertisementPeople under 34 were also more likely than older consumers to put off a major financial commitment until after the election, 84.51 found. AdvertisementMany companies are also forecasting that demand will return after either Trump or Harris wins the election. Polls show that the race between Trump and Harris is close to a toss-up just over a week ahead of Election Day.

Persons: Nestlé, —, Kamala Harris, Donald Trump, Trump, Brian Olsavsky, Olsavsky, Anna Manz, Alex Trott, Trott, Gen, Ron Hill, Harris, George W, Bush, Hill Organizations: United, Service, Constellation Brands, Delta, Nestlé, Business, Research, Boomers, BI, Deutsche Bank, Harris, Modelo, Constellation, Kogod School of Business, Trump, White Locations: Modelo, Butler , Pennsylvania

United shares are up more than 80% since Jan. 1, more than double the gains of Delta Air Lines , the country's most profitable airline. United Airlines is the best-performing U.S. airline stock this year. United has been flying for nearly a century and is the world's largest airline by capacity. 3 or 4 depending on how you measure it," said Andrew Nocella, chief commercial officer of United Airlines. "United Airlines is an airline that is trying to be a more premium airline right now, much as Delta has been for more than 10 years," said Henry Harteveldt, president of Atmosphere Research Group, a travel industry consulting firm.

Persons: We've, Patrick Quayle, United's, Andrew Nocella, Henry Harteveldt Organizations: Delta Air Lines, United Airlines, Airlines, Atmosphere Research Locations: United, Chicago, Greenland, Mongolia, Delta

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe rise of United AirlinesUnited Airlines has been flying for nearly a century and has grown to be one of the biggest airlines in the world. Its stock is the best-performing of the U.S. airlines so far this year. It wants to be the most profitable, too, a position that's been held by Delta Air Lines for several years. CNBC explores how United is trying to win over customers to become the biggest and most profitable airline in the world.

Organizations: United Airlines United Airlines, U.S, Delta Air Lines, CNBC

☆ Spirit Airlines is selling planes worth $500 million and cutting staff as it fights to stay in the air
▼ + stars: | 2024-10-25 | by ( Pete Syme | ) www.businessinsider.com time to read: +3 min

On Thursday, Spirit Airlines unveiled plans to cut costs and raise cash amid bankruptcy reports. Its stock rose after it said it would sell $519 million of Airbus jets and cut staff. AdvertisementSpirit Airlines' woes are growing more apparent as it works to raise cash by selling planes and cutting staff. AdvertisementIn a Thursday regulatory filing, Spirit said that it had agreed to sell 23 Airbus planes to GAT Telesis — a firm that specializes in aircraft maintenance, leasing, and selling parts. The airline's stock rose around 12% in pre-market trading Friday, suggesting Spirit may have found a route to avoid bankruptcy.

Persons: —, Spirit, GAT Telesis Organizations: Spirit Airlines, Airbus, JetBlue, Service, Airlines, Street, Frontier, Pratt & Whitney, Spirit, Business Locations: Delta

☆ Bomb threat hoaxes wreak havoc on India’s travel industry, days ahead of Diwali festival
▼ + stars: | 2024-10-25 | by ( Jessie Yeung | ) edition.cnn.com time to read: +7 min

One airline alone, the budget company IndiGo Airlines, received nearly 30 bomb threats in four days since Sunday, according to statements by the carrier. Bomb threat hoaxes aren’t a new phenomenon in India – several airports received similar threats in April and June this year. Millions of dollars lostEach bomb threat causes a ripple effect of disruptions, costing both airlines and passengers huge amounts of time and money, said Lazar. Authorities follow these steps “word for word” with every single threat, said aviation minister Naidu. “Passengers are going to be scared but those who need to fly will fly … so what’s going to happen if this havoc is created around Diwali?” Lazar said.

Persons: Sanjay Lazar, Hilmi Tunahan, ”, Kinjarapu Ram Mohan Naidu, Lazar, –, There’s, Naidu, “, ” Lazar, Prakash Singh, pranksters, we’ve Organizations: New, New Delhi CNN, IndiGo Airlines, Akasa Airlines, SpiceJet, Alliance Air, India, Air India, Passengers, Vistara Airlines, Getty Images Police, Twitter, Police, Civil Aviation, Authorities, Indira Gandhi International, Bloomberg, Getty, CNN, Ministry of Civil Aviation Locations: New Delhi, New York, Chicago, Singapore, “, India, Turkey, Germany, Erzurum, Anadolu, Mumbai

☆ CNBC Daily Open: In this time of uncertainty, markets seem to rely on logic
▼ + stars: | 2024-10-25 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +3 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Amazon and Apple report earnings on Thursday, Oct. 31. Tariffs of China's steel exports China's steel exports will hit 109 million tons this year , the highest level since 2016, estimate strategists at Macquarie Capital. However, countries around the world are implementing tariffs on Chinese steel, which analysts predict will lower the country's steel exports starting 2025.

Persons: John Maynard Keynes, Tesla, Dow, Andy Sieg, –, —, Sarah Min, Pia Singh, Lisa Kailai Han Organizations: New York Stock Exchange, CNBC, Apple, Itau, Macquarie Capital, Wall, Nasdaq, Dow, Boeing, IBM, U.S Locations: New York City, U.S, Latin America, China

☆ Spirit Airlines stock jumps 25% after struggling budget carrier said it will sell planes, cut jobs
▼ + stars: | 2024-10-25 | by ( Leslie Josephs | ) www.cnbc.com time to read: +2 min

Spirit Airlines baggage tags are seen near a check-in counter at the Austin-Bergstrom International Airport on April 10, 2024 in Austin, Texas. Spirit Airlines shares surged after the struggling budget carrier said it would cut jobs and sell aircraft. That sale will bring in $519 million, Spirit said in a securities filing. Earlier this week, The Wall Street Journal reported that Spirit and Frontier Airlines have revived merger discussions, sending shares higher. The two budget airlines had a merger agreement that was derailed by JetBlue 's April 2022 offer to purchase Spirit outright.

Persons: Spirit, didn't Organizations: Austin, Bergstrom International Airport, Austin , Texas . Spirit Airlines, Airbus, Pratt & Whitney, JetBlue Airways, Street Journal, Frontier Airlines, JetBlue Locations: Austin , Texas

Other airlines recovered more quickly than Atlanta-based Delta, which said the incident reduced revenue by $380 million and brought $170 million in costs. Days after the outage, Delta hired David Boies of law firm Boies Schiller Flexner to seek damages from CrowdStrike and Microsoft . Delta had disabled automatic updates from CrowdStrike but this one reached its computers anyway, the airline said in the suit. Microsoft discussed various potential enhancements with CrowdStrike and other endpoint security software sellers at a summit in September. WATCH: Delta fires back at CrowdStrike, says outage cost $380 million in revenue

Persons: John F, David Boies, Boies Schiller Flexner, Delta, CrowdStrike, Ed Bastian, didn't, George Kurtz Organizations: Delta Air Lines, Kennedy International Airport, CrowdStrike, Delta, Microsoft, CNBC Locations: Queens , New York City, U.S, Georgia, Atlanta, CrowdStrike

☆ Delta sues CrowdStrike over software update that prompted mass flight disruptions
▼ + stars: | 2024-10-25 | by ( ) edition.cnn.com time to read: +2 min

Delta, which said it has purchased CrowdStrike products since 2022, said the outage forced it to cancel 7,000 flights, impacting 1.3 million passengers over five days. “If CrowdStrike had tested the faulty update on even one computer before deployment, the computer would have crashed,” Delta’s lawsuit says. Last month, a senior executive at CrowdStrike apologized before Congress for the faulty software update. Adam Meyers, a senior vice president at CrowdStrike, said the company released a content configuration update for its Falcon Sensor security software that resulted in system crashes worldwide. “We are deeply sorry this happened and we are determined to prevent this from happening again,” Meyers said.

Persons: cybersecurity, Delta’s, ” CrowdStrike, Delta, CrowdStrike, ”, Adam Meyers, ” Meyers Organizations: CNN, Delta Air Lines, Court, Microsoft, US Transportation Department, Delta, Falcon Locations: Georgia, Fulton County, CrowdStrike

☆ Startup CEO shares his plan for a radical 'blended wing' jet to rival Boeing and Airbus
▼ + stars: | 2024-10-25 | by ( Taylor Rains | ) www.businessinsider.com time to read: +7 min

A startup planemaker announced a 200-passenger "blended wing body" plane to rival Airbus and Boeing. AdvertisementAircraft manufacturer Natilus wants to build a new type of airliner to rival Airbus and Boeing as the industry demands more efficient planes. Natilus said its Horizon plane would be up to 50% more fuel efficient per passenger. Natilus joins a growing list of BWB plane developers. Airbus announced its BWB jetliner in 2020, while JetZero unveiled its "Pathfinder" widebody BWB design in April.

Persons: —, Natilus, Aleksey Matyushev, Matyushev, it's, Natilus Matyushev, JetZero Organizations: Airbus, Boeing, Service, Aircraft, Airlines, Max, SAF, Emirates Locations: California, Europe, Hawaii, Kona

A report from travel news site Skift shows that seven major airlines have retreated from the country in the past four months. Longer flights require more fuel, which make flights more expensive. "Indeed U.S. carriers are making hard but very commercial decisions to drop Chinese services and redeploy the aircraft elsewhere," he said. China airlines' struggleLow demand has also plagued domestic airlines in China. Collectively, Chinese airlines have increased capacity to Europe, compared to pre-pandemic, even though the market and trade flows were much stronger then, said Grant.

Persons: Nicola Economou, John Grant, Grant, It's, Finnair, bauer, haven't Organizations: FIA, FI, British Airlines, Qantas, Nurphoto, Getty, Virgin Atlantic, Scandinavian Airlines, Boeing, OAG, EU, Aaronp, Cape Town, U.S, CNBC, Air China Locations: China, Asia, Hong Kong, Ukraine, United Kingdom, Russia, — Tokyo, Shanghai, Seoul, Bangkok, Delhi, Singapore, Thailand, Beijing, Cape, Sydney, Australia's, Melbourne, Brisbane, Perth, Hong Kong . U.S, Russian, U.S, Europe, Frankfurt

☆ United Airlines, Morgan Stanley among the most overbought stocks on Wall Street. Here are the others
▼ + stars: | 2024-10-25 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Stocks including United Airlines and Morgan Stanley have seen immense buying on Wall Street this week and could be in store for a pullback. United Airlines stock has surged more than 82% in 2024, and has a 14-day RSI of 85.9, which is the second-highest reading on the list. UAL YTD mountain United Airlines stock. Morgan Stanley stock is also overbought this week, with a 14-day of RSI of 79.5. MS YTD mountain Morgan Stanley stock.

Persons: Morgan Stanley, General Mills Organizations: United Airlines, Nasdaq, Microsoft, Nvidia, CNBC Pro, FactSet, Morgan, Moderna, Enphase Energy

☆ French bulldog dies on Alaska Airlines flight after being moved from first class to coach, lawsuit claims
▼ + stars: | 2024-10-24 | by ( Marlene Lenthang | Marlene Lenthang Is A Breaking News Reporter For Nbc News Digital. | ) www.nbcnews.com time to read: +5 min

A San Francisco man has sued Alaska Airlines alleging negligence led to the death of his beloved 3-year-old French bulldog after he was asked to move from first-class to coach on a flight from New York to San Francisco. The lawsuit, filed Oct. 16 in San Francisco County Superior Court against Alaska Airlines, alleges breach of contract, negligence, negligent hiring and supervision, negligent infliction of emotional distress, and seeks punitive damages to be determined at trial. However, shortly before take off, “an Alaska Airlines flight attendant and another unknown male employee of Alaska Airlines asked the Plaintiff and his father to move to aisle 11 of the Plane for safety purposes,” the complaint said. Alaska Airlines employees should have known the requirements needed to avoid that happening,” the filing claimed. NBC News has reached out to Alaska Airlines and attorneys for Contillo for comment.

Persons: Michael Contillo, Contillo, Ash, Kora, ”, Plaintiff, Ash “, deboarded, “ Organizations: Alaska, San Francisco County Superior, Alaska Airlines, bulldogs, French bulldogs, SFO, “, ”, San Francisco International Airport, Veterinary Medical Association, NBC News, Contillo Locations: Francisco, New York, San Francisco, San Francisco County, San Francisco County Superior Court, Alaska

☆ Airlines are doubling down on premium seats. So far, it's paying off
▼ + stars: | 2024-10-24 | by ( Taylor Rains | Benjamin Zhang | ) www.businessinsider.com time to read: +4 min

Airlines are doubling down on high-margin premium cabins and even expanding them on new planes. American Airlines on Thursday reported an 8% increase in premium revenue in the third quarter compared with the prior year. Its rivals Delta Air Lines and United Airlines reported similar premium revenue growth in the quarter, at 4% and 5%. Courtesy of Delta Air LinesLeaning more into premium seats could fill that financial void. United Airlines' Polaris business class.

Persons: —, Andrew Nocella, American's, Vasu Raja, Robert Isom, haven't Organizations: United, Service, American Airlines, Delta Air Lines, United Airlines, Airlines, Suite, American Airlines Delta, Boeing, Airbus, stoke, United Airlines ' Polaris, Frontier Airlines, Spirit Airlines, Spirit, JetBlue Airways, Southwest Airlines

☆ Top 10 things to watch in the stock market Thursday, including news on Nvidia, 3 other Club stocks
▼ + stars: | 2024-10-24 | by ( Matthew J. Belvedere | ) www.cnbc.com time to read: +4 min

Top 10 things to watch Thursday, Oct. 24 CNBC's Matthew J. Belvedere with the help of Jeff Marks wrote this dispatch. Tesla shares were jumping 14.5% and leading the Nasdaq toward a higher open after the EV maker beat on quarterly earnings per share (EPS). Club industrial stocks Honeywell and Dover were dropping after issuing quarterly results. Semiconductor equipment maker Lam Research beat on quarterly earnings and revenue and its stock jumped 5%. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Matthew J, Jeff Marks, Stocks, Jensen Huang, TSMC, Oppenheimer, Boeing machinists, Gary Kelly, Bob Jordan, EBITDA, Jim Cramer's, Jim Cramer, Jim, Ritzau Scanpix, Mads Claus Rasmussen Organizations: Nasdaq, Elon, Honeywell, Dover, Nvidia, Blackwell, Semiconductor, Lam Research, Boeing, Southwest Airlines, Elliott Investment Management, United Parcel Service, International, Mobile, Jim Cramer's Charitable, CNBC, EIFO, NVIDIA, Vilhelm, Via Reuters Locations: India, Southwest, Kastrup, Denmark

☆ Boeing said it's lost another $250 million on the Starliner project
▼ + stars: | 2024-10-24 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +4 min

Boeing has recorded another $250 million loss on its Starliner program. Boeing has lost $1.85 billion on the Starliner program to date. AdvertisementAerospace manufacturer Boeing said on Wednesday that it was incurring an additional $250 million charge against earnings on its beleaguered Starliner program. This is in addition to the $125 million charge against earnings Boeing recorded in the second quarter of this year. Boeing has lost $1.85 billion on the Starliner program to date.

Persons: Kelly Ortberg, —, Starliner, Butch Wilmore, Suni Williams, Wilmore, Williams, Ortberg, Boeing's Organizations: Boeing, New, Service, Aerospace, Space, NASA, SpaceX, SEC, Ortberg, Business Insider, Max, Airlines, Wednesday Locations: New Mexico, Oregon, California

☆ American Airlines lifts 2024 profit forecast after sales strategy shift, posts third-quarter loss
▼ + stars: | 2024-10-24 | by ( Leslie Josephs | ) www.cnbc.com time to read: +1 min

American Airlines posted a third-quarter loss but raised its profit forecast for the year as CEO Robert Isom said the company's sales strategy shift earlier this year is paying off. The carrier said it expects to earn between 25 cents and 50 cents a share on an adjusted basis for the fourth quarter, above the 29 cents analysts polled by LSEG expected. For the full year, the airline expects to earn as much as an adjusted $1.60 a share, ahead of an earlier American forecast for no more than $1.30 a share. American in May fired its chief commercial officer after a sales strategy that aimed to drive direct bookings backfired and quickly reverted much of its sales model. For the fourth quarter, American said its unit revenue will likely drop between 1% to 3% compared with last year, with capacity up as much as 3% year over year.

Persons: Robert Isom, LSEG, Isom Organizations: American Airlines, Unit Locations: American

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