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American Airlines pilot union moves toward seeking federal mediation as contract talks drag on
American Airlines jet parked at LaGuardia International Airport in New York. Adam Jeffery | CNBC American Airlines‘ pilot union is taking steps toward seeking federal mediation in contract negotiations as talks with the country’s largest carrier drag on, according to a note from the labor group. The Allied Pilots Association, which represents some 15,000 American […]
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These companies are reporting earnings this week, and analysts love them
As investors come up on a stacked week for earnings, CNBC Pro identified several companies that are beloved by Wall Street and will be reporting results. Roughly 15% of companies in the S & P 500 are expected to report earnings for the week ended Oct. 21, according to a note this month from Goldman […]
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Stocks making the biggest moves midday: Lennar, Coinbase, Array Technologies and more
A worker at a Lennar home under construction. Justin Sullivan | Getty Images News | Getty Images Check out the companies making the biggest moves midday Monday: D.R. Horton, Lennar, PulteGroup — Homebuilder stocks moved higher on Monday after KeyBanc double upgraded the sector to overweight from underweight. Analyst Kenneth Zener said that homebuilders, which […]
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The U.S. has a pilot lack — here’s how airlines are striving to take care of it
U.S. airways are facing a intense pilot scarcity. Management consulting business Oliver Wyman estimates the sector is struggling with a deficit of about 8,000 pilots, or 11% of the full workforce, and suggests the shortfall could reach 30,000 pilots by 2025. In a bid to slash charges throughout the Covid pandemic, airways grounded planes, and […]
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Microsoft and Alaska Airlines are working with this startup to make clean jet fuel from carbon emissions
Sustainable aviation fuel, commonly called SAF, has so far been expensive to produce, but new startups are now creating clean fuels out of carbon at a much cheaper cost. Now, new tax credits for clean fuel production from the recently signed Inflation Reduction Act could propel these companies further faster. Most SAF is made out […]
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Airline unions urge carriers not to resume buybacks when bailout ban ends this fall
A United Airlines flight crew walks through the terminal at San Francisco International Airport on April 12, 2020 in San Francisco, California. Justin Sullivan | Getty Images The largest U.S. airlines are making money again. Labor unions don’t want them to spend it on stock buybacks. A condition of the $54 billion in federal aid […]
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American Airlines offers pilots nearly 17% raises in new contract proposal
Pilots talk as they look at the tail of an American Airlines aircraft. Mike Stone | Reuters American Airlines CEO Robert Isom on Thursday said the carrier has offered its pilots pay raises totaling nearly 17% under a new contract, according to an internal video seen by CNBC. The latest proposal to the pilots’ union, […]
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Fight for Spirit Airlines goes down to the wire with competing bids from Frontier and JetBlue
A Frontier Airlines plane near a Spirit Airlines plane at the Fort Lauderdale-Hollywood International Airport on May 16, 2022 in Fort Lauderdale, Florida. Joe Raedle | Getty Images The most heated airline battle in recent years comes to a head on Thursday when Spirit Airlines’ shareholders vote on a proposed tie-up with fellow discount carrier […]
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Delta offers free flight changes over July Fourth weekend ahead of possible ‘operational challenges’
An Airbus A330-323 aircraft, operated by Delta Air Lines. Benoit Tessier | Reuters Delta Air Lines is allowing travelers to change their tickets for free during the busy Fourth of July weekend, allowing fliers to avoid paying a fare difference and skip the airport during a “potentially challenging” few days. The unusual offer, normally extended […]
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This Goldman stock portfolio consistently beats the market — even this year. Here’s what’s in it
Investors have entered a difficult period of tightening financial conditions, slowing economic growth and elevated market volatility, but some stocks could still thrive in such challenging times, according to Goldman Sachs. The Wall Street firm is recommending stocks with a high Sharpe ratio score, a measure of a stock’s performance relative to its volatility. Goldman […]
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