Travel
Boeing, machinist union reach tentative deal to end strike
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Squawk on the Street CNBC’s Phil Lebeau joins ‘Squawk on the Street’ to report on the latest proposal to end the Boeing machinist worker strike. 05:05 20 minutes ago Source
Read More
‘They want something different’: Two new reports predict a big shift in travel behavior in 2025
The biggest travel trend of 2022 was to go big, spend big — with people eagerly booking bucket list-style trips to places like Bali, Rome, London and Paris. But two new reports show travelers are now in a very different headspace. Trend reports from Expedia and Booking.com show vacationers are forgoing splashy trips to global […]
Read More
Spirit Airlines extends debt refinancing deadline hours before expiration
A Spirit Airlines aircraft undergoes operations in preparation for departure at the Austin-Bergstrom International Airport in Austin, Texas, on Feb. 12, 2024. Brandon Bell | Getty Images Spirit Airlines on Friday said it reached an agreement with its credit card processor to again extended a debt refinancing timeline to December, hours before it was set […]
Read More
Embraer CEO says jet maker studying possibilities for a new aircraft
Embraer CEO Francisco Gomes Neto speaks during the Embraer Media Day 2022 at the aircraft factory in Sao Jose dos Campos, Brazil, May 30, 2022. Carla Carniel | Reuters Brazilian plane maker Embraer SA is studying the market and new technology that could warrant it building an all-new jet, CEO Francisco Gomes Neto told CNBC. […]
Read More
Spirit AeroSystems to furlough 700 workers as Boeing machinist strike continues
Airplane fuselages bound for Boeing’s 737 Max production facility await shipment on rail sidings at their top supplier, Spirit AeroSystems Holdings Inc., in Wichita, Kansas, on Dec. 17, 2019. Nick Oxford | Reuters Boeing supplier Spirit AeroSystems will furlough some 700 workers as a strike by machinists at the plane maker enters its sixth week, […]
Read More
Bradley Tusk on potential Uber-Expedia acquisition: The company needs to keep expanding
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Bradley Tusk, Tusk Ventures CEO, joins ‘Squawk Box’ to discuss news of Uber considering a bid for travel booking company Expedia, antitrust concerns, impact of the 2024 election on the possible deal, and more. Source
Read More
Uber not in active bid talks with Expedia
CNBC’s Deirdre Bosa reports on news from Uber and Expedia. Source
Read More
Acquiring Expedia would be a ‘major strategic home run’ for Uber, says Wedbush’s Dan Ives
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Dan Ives, Wedbush Securities managing partner, joins ‘Squawk Box’ to discuss news of Uber exploring a possible bid for the travel booking website Expedia, why he believes the potential deal would make sense for Uber, and more. Source
Read More
Hyatt CEO: US travel to China has dropped off sharply
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Mark Hoplamazian, CEO of Hyatt, discusses the hotel giant’s business in China, amid changing travel trends and a closely-watched US presidential election. Source
Read More
Japan visitors spent $39 billion through September, breaking annual record
Visitors walk on the Sannenzaka slope in Kyoto, Japan, on Sunday, June, 26, 2022. Kosuke Okahara | Bloomberg | Getty Images Visitor spending in Japan broke an annual record in just nine months, official data showed on Wednesday, demonstrating the economic power of a tourism boom fueled by the weak yen. Travelers spent 5.86 trillion yen ($39.27 billion) through […]
Read More