Raytheon Technologies Corp
Where are low-cost airlines cutting back now? New planes
JetBlue Airways, Spirit Airlines and United Airlines airplanes proceed to gates after landing at Newark Liberty International Airport in Newark, New Jersey on May 30, 2024. Gary Hershorn | Corbis News | Getty Images Airlines that spent years clamoring for new jets are changing their tune. Cash-strapped, low-cost and deep discounter airlines are putting off […]
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Boeing taps former Collins Aerospace CEO Kelly Ortberg to replace Dave Calhoun
Kelly Ortberg, chief executive officer of Rockwell Collins Inc., stands for a photograph at the company’s production facility in in Manchester, Iowa, U.S., on Wednesday, Aug. 31, 2016. Daniel Acker | Bloomberg | Getty Images Boeing has named Robert “Kelly” Ortberg to succeed CEO Dave Calhoun, picking a longtime aerospace veteran from outside the company […]
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Stocks making the biggest moves midday: Ford, Viking Therapeutics, ServiceNow and more
Check out the companies making headlines in midday trading: Ford Motor — The automaker’s stock fell more than 17% after reporting second-quarter earnings that missed Wall Street’s expectations. Ford posted adjusted earnings per share of 47 cents compared to the consensus forecast of 68 cents, according to LSEG. However, automotive revenue of $44.81 billion came […]
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Stocks making the biggest moves premarket: American Airlines, Honeywell, RTX, Ford and more
Check out the companies making headlines before the bell. American Airlines — Shares dropped 6% after the carrier issued weak profit guidance for the third quarter. American Airlines estimates unit revenue will drop as much as 4.5% as the broader industry struggles with oversupply that has led to low fares. Honeywell — Shares were down […]
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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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Buyers are hoping Huge Tech earnings subsequent week could revive a flagging bull market
The Major Tech earnings subsequent 7 days could revive a flagging marketplace, or at minimum give buyers direction into in which stocks are likely from here. Subsequent week will spotlight the bulk of the Superb Seven names, which had a solid start out to the yr, but have been in a slump as of late. […]
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Denver-Boulder area stakes a claim in space with a burgeoning aerospace industry
These giant white structures called radomes at Buckley Space Force Base in Colorado house massive satellite dishes. CNBC This story is part of CNBC’s quarterly Cities of Success series, which explores cities that have transformed into business hubs with an entrepreneurial spirit that has attracted capital, companies and employees. In the shadow of the Rocky […]
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Spirit Airways will defer Airbus orders, furlough 260 pilots in race to shore up liquidity
A Spirit Airways plane undergoes functions in planning for departure at the Austin-Bergstrom Intercontinental Airport on February 12, 2024 in Austin, Texas. Brandon Bell | Getty Visuals Spirit Airways mentioned Monday that it will defer deliveries of new Airbus planes and furlough about 260 pilots as it tries to enhance liquidity. “Of system, these techniques […]
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JetBlue cuts routes spanning Los Angeles to Lima in race to lower expenses
A JetBlue Airways aircraft prepares to just take off from the Fort Lauderdale-Hollywood International Airport in Fort Lauderdale, Florida, on Jan. 31, 2024. Joe Raedle | Getty Visuals JetBlue Airways told employees on Tuesday that it is culling a host of routes, producing it the carrier’s most recent transfer to lower costs in the wake […]
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Historical past demonstrates the ideal trade has generally been to obtain the inventory getting kicked out of the Dow Industrials
If historical past is any tutorial, Walgreens Boots Alliance could fare better right after receiving tossed from the Dow Jones Industrial Typical . Amazon changed Walgreens on Monday, marking the initially modify in the index considering that 2020. It will come a lot less than six many years right after the U.S. and British pharmacy […]
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