Aerospace and defense industry
How much are Southwest’s new assigned seats? It depends
Southwest Airlines new premium seats featuring extra legroom. Leslie Josephs/CNBC Southwest Airlines‘ first assigned seats went on sale this week for flights starting Jan. 27 of next year. What you’ll pay will vary. The price depends on the route, when you’re traveling and where you sit. Selecting your ideal seats can add hundreds of dollars […]
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Why the U.S.-EU trade agreement is unlikely to derail Europe’s defense boom
Europe’s defense stocks wobbled at the start of the week, as investors pored over the details — still lacking in some areas — of the framework trade agreement struck by the U.S. and European Union on Sunday. An initial concern was that a commitment by the EU to increase its purchases of U.S. goods, in […]
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United Airlines flight attendants reject contract with immediate raises of at least 26%
United Airline flight attendants picketed outside Terminal B at Logan Airport Thursday morning seeking a new contract. John Tlumacki | Boston Globe | Getty Images United Airlines flight attendants voted down a new labor contract that called for immediate raises of at least 26% and other quality-of-life improvements, their union said Tuesday. The flight attendants’ […]
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Boeing reports results before the bell. Here’s what to expect
The nose cone of a Boeing 787 being displayed on the tarmac during the Paris Air Show at Le Bourget Airport, outside Paris, June 25, 2023. Nicolas Economou | Nurphoto | Getty Images Boeing is expected to report a smaller second-quarter loss when it reports its earnings Tuesday morning. Investors will also hear from CEO […]
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Firefly Aerospace sets IPO range that would value rocket maker at $5.5 billion
Firefly Aerospace CEO Jason Kim sits for an interview at the Firefly Aerospace mission operations center in Leander, Texas, on July 9, 2025. Sergio Flores | Reuters Firefly Aerospace will price shares at $35 to $39 each in its upcoming initial public offering, a deal that would value the rocket maker at about $5.5 billion. […]
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Spirit Airlines to furlough 270 pilots, downgrade more than 100 others as it prepares to cut flights
A Spirit Airlines Airbus A320 taxis at Los Angeles International Airport after arriving from Boston on September 1, 2024 in Los Angeles, California. Kevin Carter | Getty Images News | Getty Images Spirit Airlines said Monday that it will furlough 270 pilots this fall as the carrier prepares for a smaller off-season schedule to try […]
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‘He’s showing up.’ Things are getting better at Boeing under CEO Ortberg. Can he keep it going?
FAA chief Steve Dickson flies a Boeing 737 MAX, from Boeing Field on September 30, 2020 in Seattle, Washington. Mike Siegel | Getty Images After spiraling from crisis to crisis over much of the past seven years, Boeing is stabilizing under CEO Kelly Ortberg’s leadership. Ortberg, a longtime aerospace executive and an engineer whom the […]
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American Airlines scales back 2025 profit outlook as third-quarter forecast falls short
American Airlines planes on the tarmac at the Miami International Airport on Feb. 19, 2025 in Miami, Florida. Joe Raedle | Getty Images American Airlines‘ third-quarter profit forecast fell short of expectations as the carrier reinstated its 2025 financial forecast well below its outlook at the start of the year. American on Thursday forecast a […]
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Southwest’s quarterly profit misses estimates, but airline says U.S. travel demand is stabilizing
A Southwest Airlines Boeing 737 taxis at Ronald Reagan Washington National Airport on May 16, 2025 in Arlington, Virginia. Kevin Carter | Getty Images Southwest Airlines on Wednesday posted second-quarter earnings and revenue that fell short of Wall Street’s estimates but said travel demand has stabilized, echoing other airlines in recent weeks. The airline also […]
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Why the manager of a $2 billion fund is cooling off his European defense investments
A fund manager who oversees assets worth close to $2 billion told CNBC that the European defense bull run may soon begin to cool off as valuations hit “extreme” levels. Speaking to CNBC’s “Europe Early Edition” on Monday, London-based Stephen Yiu, who manages the £1.4 billion ($1.9 billion) Blue Whale Growth Fund , said he […]
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