Transportation
United Airlines ramps up flights for European travel comeback
A United Airlines passenger aircraft arrives over the top of residential houses to land at Heathrow Airport in west London, Britain, March 13, 2020. Matthew Childs | Reuters United Airlines says demand for trans-Atlantic travel is heating up, despite higher fuel prices and the Ukraine war. The airline plans to fly 25% more across the […]
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Wall Street is worried inflation and supply issues may dent GM and Ford earnings more than previously expected
The General Motors world headquarters office is seen at Detroit’s Renaissance Center. Paul Hennessy | LightRocket | Getty Images DETROIT — There’s growing concern among Wall Street analysts that higher costs and supply chain disruptions will put pressure on 2022 earnings for General Motors and Ford Motor — even more than initially expected. Ahead of […]
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Delta, facing a union drive, says it will start paying flight attendants during boarding
Flight attendants wearing protective masks walk through Hartsfield-Jackson Atlanta International Airport in Atlanta, Georgia, on Wednesday, April 7, 2021. Elijah Nouvelage | Bloomberg | Getty Images Delta Air Lines said it will start paying flight attendants during boarding, a first for a major U.S. airline and an initiative that comes during a unionization drive for […]
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SpaceX returns private Ax-1 astronaut crew to Earth after extended space station stay
Crew Dragon capsule Endeavour splashes down in the Atlantic Ocean with the Axiom Space Ax-1 crew on April 25, 2022. SpaceX SpaceX safely returned its Crew Dragon spacecraft from orbit on Monday, carrying the private crew of Axiom Space’s Ax-1 mission back from the International Space Station. Crew Dragon capsule Endeavour splashed down off the […]
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Ford beefs up F-150 Lightning production in a forceful bid to dominate the electric pickup market
A Ford F-150 Lightning on display at the New York Auto Show, April 13, 2022. Scott Mlyn | CNBC DETROIT – Ford Motor is set to be the first automaker to bring a mainstream, full-size electric pickup to the U.S. market, poised to capitalize on a first-mover advantage in what’s expected to be a hotly […]
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Satellite imagery specialist Capella raises nearly $100 million to expand its network
The deployed reflector of the Capella-3 satellite in orbit. Capella Space San Francisco-based satellite imagery specialist Capella Space on Monday announced the close of nearly $100 million in financing, as the company looks to expand its line of analytics and data products. Capella raised $97 million through a mix of equity and debt in a round […]
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GM says it will produce electric Chevrolet Corvettes
2020 Chevrolet Corvette GM DETROIT – General Motors will produce an electrified Chevrolet Corvette next year, followed by an all-electric version of the iconic sports car, GM President Mark Reuss said Monday. Reuss said the automaker will continue to produce traditional models with internal combustion engines alongside the electrified models. He declined to disclose when […]
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SpaceX’s Starlink to provide Wi-Fi on Hawaiian Airlines flights with free service for passengers
Hawaiian Airlines plane Louis Nastro | Reuters SpaceX will start providing wireless internet on Hawaiian Airlines flights from the Starlink satellite network as early as next year, a service the airline told CNBC it plans to offer to passengers for free. The deal marks the first for Elon Musk’s space company with a major airline. […]
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Airlines are seeing ‘positive momentum,’ but there are concerns, says Jefferies’ Sheila Kahyaoglu
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Sheila Kahyaoglu, Jefferies aerospace, defense and airlines equity research analyst, joins CNBC’s ‘Squawk Box’ to react to earnings from major airlines. Source
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SpaceX signs first Starlink inflight Wi-Fi deal with charter airline JSX
SpaceX signed its first deal to add Starlink satellite internet to an air carrier’s fleet of planes with semi-private charter JSX, as Elon Musk’s company moves into the in-flight Wi-Fi market. CEO Alex Wilcox told CNBC on Thursday that the agreement with SpaceX covers service on up to 100 airplanes. JSX has 77 30-seat Embraer […]
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