Airlines
Boeing starts 777-9 certification flight trials with FAA
Signage outside the Boeing Co. production facility in Renton, Washington, US, on Monday, Feb. 5, 2024. The performing head of Europe’s aviation regulator said on Wednesday the company would halt its oblique approval of Boeing’s jet generation if warranted, but he feels reassured that the aircraft maker is tackling its most current basic safety disaster. […]
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Airbus launches price tag cuts to ‘save 2024’ right after output woes
An Airbus A350-1000 aircraft flies higher than a mosque for the duration of the 2023 Dubai Airshow at Dubai Earth Central – Al-Maktoum Global Airport on November 14, 2023. Karim Sahib | Afp | Getty Photos PARIS, July 12 (Reuters) — Airbus has launched a plan of expense cuts and a freeze on in general headcount […]
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CNBC Day by day Open: S&P retreats, yen surges, Tesla sinks
Traders do the job on the floor of the New York Stock Exchange. NYSE This report is from present day CNBC Every day Open up, our intercontinental markets e-newsletter. CNBC Every day Open up brings investors up to velocity on almost everything they will need to know, no matter in which they are. Like what […]
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Here are 15 of the world’s most punctual airports
Indoor waterfalls, rooftop swimming pools, yoga studios. Airports have quite a few bells and whistles these days. But most vacationers would gladly trade them for flights that continuously arrive on time. The passenger rights organization AirHelp ranked 239 airports in 69 countries, with an emphasis on the on-time functionality of flights operating from May well […]
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CNBC Daily Open: S&P retreats, yen surges, Tesla sinks
Traders work on the floor at the New York Stock Exchange on Oct. 27, 2023. Brendan Mcdermid | Reuters 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. Like what you see? You […]
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Delta says the Olympics will cost it $100 million as travelers skip Paris
This picture taken in Paris on March 3, 2024, shows the silhouette of the Eiffel Tower and the city skyline with cloudy weather. Stefano Rellandini | Afp | Getty Images For more than 10,000 Olympic athletes, making it to Paris this summer is a dream come true. Thousands of potential tourists feel otherwise. Delta Air […]
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Delta shares tumble after outlook falls short of estimates despite strong summer travel demand
Nurphoto | Nurphoto | Getty Images Delta Air Lines on Thursday forecast record revenue for the third quarter thanks to booming summer travel demand, but its forecast fell short of analysts’ estimates as carriers discounted fares after expanding flights. Shares of Delta fell about 8% in premarket trading. Other U.S. airlines were also trading lower. […]
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Air travel demand is breaking records. Airline profits are not
Passengers pass through O’Hare airport in Chicago, July 3, 2024. Scott Olson | Getty Images Record summer air travel demand isn’t translating to record U.S. airline profits. Carriers will have to answer for that disconnect when they report quarterly results this month. Some airlines have forecast record demand, and in some cases, revenue. But higher […]
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Boeing to plead responsible to prison fraud demand stemming from 737 Max crashes
Rescuers perform at the scene of an Ethiopian Airlines flight crash near Bishoftu, or Debre Zeit, south of Addis Ababa, Ethiopia, Monday, March 11, 2019. Mulugeta Ayene | Reuters Boeing agreed to plead guilty to a legal fraud demand tied to the deadly 737 Max crashes, the Justice Department stated Sunday, months after U.S. prosecutors […]
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Southwest Airlines shareholders puzzled by Elliott’s activism can look to past campaigns for insight
Travelers wait to check in at the Southwest Airlines counter at Oakland International Airport in Oakland, California, Dec. 27, 2022. David Paul Morris | Bloomberg | Getty Images After Elliott Management revealed a $1.9 billion stake in Southwest Airlines in June, an initial rally in the stock quickly fizzled. Rather than sparking typical cheer on […]
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