Aerospace and defense industry
RTX, GE Aerospace expect more than $1 billion tariff impact
Men work with a jet engine at General Electric (GE) Celma, GE’s aviation engine overhaul facility in Petropolis, Rio de Janeiro, Brazil. YASUYOSHI CHIBA | AFP | Getty Images RTX and GE Aerospace expect a more than $1 billion impact combined from President Donald Trump’s tariffs on imported goods and materials, the latest sign of […]
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RTX, GE Aerospace expect more than $1 billion tariff impact
Men work with a jet engine at General Electric (GE) Celma, GE’s aviation engine overhaul facility in Petropolis, Rio de Janeiro, Brazil. YASUYOSHI CHIBA | AFP | Getty Images RTX and GE Aerospace expect a more than $1 billion impact combined from President Donald Trump’s tariffs on imported goods and materials, the latest sign of […]
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United to cut flights as domestic demand disappoints but international and premium travel drives profits
A United Airlines Boeing 767 passenger aircraft approaches Newark Liberty International Airport as trucks travel near the Port Jersey Container Terminal in Jersey City, New Jersey, on April 8, 2025. Charly Triballeau | Afp | Getty Images United Airlines is planning to cut flights starting this summer to match disappointing domestic travel demand while bookings […]
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American Airlines to make Wi-Fi free on most of its fleet in 2026
An American Airlines plane on the runway at Miami International Airport in Miami, Florida, on Oct. 25, 2024. Joe Raedle | Getty Images American Airlines plans to offer Wi-Fi for free starting in January as more carriers opt for complimentary internet service for their loyalty program members, increasing pressure on holdouts. The free Wi-Fi will […]
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Airlines bank even more on splurging vacationers as clouds form on economy
A view from the Delta Sky Club at Los Angeles International Airport, Sept. 2, 2022. AaronP | Bauer-Griffin | GC Images | Getty Images Airlines have a bird’s eye view of the economy, and CEOs are seeing clouds. Delta Air Lines and Frontier Airlines pulled their 2025 outlooks last week, calling out a murky U.S. […]
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Frontier Airlines cuts flights after travel demand fell in March
Frontier Airlines Nurphoto | Nurphoto | Getty Images Frontier Airlines joined Delta Air Lines in pulling its full-year outlook and cutting flights due to a drop in demand and an “uncertain environment.” The budget airline also cut its first-quarter outlook. Frontier said its revenue growth likely rose 5% in the first quarter, with capacity up […]
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Helicopter crashes in Hudson River off of Manhattan, police say
The sun on the skyline of lower Mahattan and One World Trade Center in New York City on March 5, 2025, as seen from Jersey City, New Jersey. Gary Hershorn | Corbis News | Getty Images A helicopter crashed into the Hudson River off of Manhattan on Thursday, police said. There are “multiple fatalities,” NBC […]
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Delta CEO says Trump’s trade war is hurting bookings as airline axes 2025 flight growth plans
Delta Air Lines planes are seen parked at Seattle-Tacoma International Airport on June 19, 2024 in Seattle, Washington. Kent Nishimura | Getty Images Delta Air Lines won’t expand flying in the second half of the year because of disappointing bookings amid President Donald Trump’s shifting trade policies, which CEO Ed Bastian called “the wrong approach.” […]
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Emirates President Tim Clark warns of ‘uncharted territory’ as tariffs hit global aviation
Emirates President Tim Clark warned that the aviation industry is in “uncharted territory” as U.S. President Donald Trump’s sweeping tariffs and trade disputes weigh on global growth and threaten to drive up costs for airlines worldwide. “Right now, we are in troubled times,” Clark told CNBC in an interview recorded March 20 — ahead of […]
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Airlines expected to cut 2025 outlooks as travel demand falters
A Boeing 767-332(ER) from Delta Air Lines takes off from Barcelona El Prat Airport in Barcelona on Oct. 8, 2024. Joan Valls | Nurphoto | Getty Images Waning travel from Canada. Signs of weaker demand across the Atlantic. Mass government layoffs. Tariffs. Consumers pulling back on travel bookings. The worst stock market swoon since 2020. […]
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