Delta hires David Boies to seek damages from CrowdStrike, Microsoft

Delta hires David Boies to seek damages from CrowdStrike, Microsoft

Delta has hired prominent attorney David Boies to seek damages from CrowdStrike and Microsoft following an outage this month that caused millions of computers to crash, leading to thousands of flight cancellations. CrowdStrike shares fell as much as 5% in extended trading on Monday after CNBC’s Phil Lebeau reported on Delta’s hiring of Boies, chairman … Read more

U.S. airlines cut growth plans for the second half of the year

U.S. airlines cut growth plans for the second half of the year

Airplanes from United and JetBlue and Delta populate the taxiway at Laguardia Airport in the Queens borough of New York City.  Bruce Bennett | Getty Images U.S. airlines are reducing their capacity through the end of the year in a bid to cool an oversupplied domestic market that has led to lower fares and reduced … Read more

Travel to Paris dropped because of the Summer Olympic Games

Travel to Paris dropped because of the Summer Olympic Games

Was it the Parisians who bluntly told travelers “do not come” to Paris during the Summer Games? Or did sky-high prices for hotel rooms, house rentals and event tickets turn travelers away?   For a multitude of reasons, many people — including residents — avoided Paris in the build-up to the Olympic Games, despite prognostications … Read more

Southwest Airlines (LUV) earnings Q2 2024

Southwest Airlines (LUV) earnings Q2 2024

Southwest Airlines airplanes are serviced at their gates at Fort Lauderdale-Hollywood International Airport on May 18, 2024, in Fort Lauderdale, Florida. Gary Hershorn | Corbis News | Getty Images Southwest Airlines on Thursday forecast a potential drop in unit revenue for the third quarter as an oversupplied U.S. market has forced airlines to discount tickets … Read more

Southwest to get rid of open seating, offer extra legroom in biggest shift in its history

Southwest to get rid of open seating, offer extra legroom in biggest shift in its history

A Southwest commercial airliner takes off from Las Vegas on Feb. 8, 2024. Mike Blake | Reuters Southwest Airlines is ending open seating and will offer extra legroom seats on its airplanes as mounting pressure on the carrier to increase revenue prompts the biggest changes to its business model in its 53 years of flying. … Read more

DOT investigating Delta over IT outage chaos

DOT investigating Delta over IT outage chaos

Delta Airlines passengers line up for agent assistance at Hartsfield-Jackson Atlanta International Airport on July 22, 2024 in Atlanta, Georgia.  Jessica Mcgowan | Getty Images The U.S. Department of Transportation’s Office of Aviation Consumer Protection is investigating Delta Air Lines over chaos sparked by last week’s global IT outage, according to a statement. The DOT … Read more

Wall Street looks past political uncertainty

Wall Street looks past political uncertainty

A trader works on the floor of the New York Stock Exchange (NYSE) in New York City on July 22, 2024. Timothy A. Clary | AFP | Getty Images 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, … Read more

Korean Air orders at least 40 Boeing wide-body planes

Korean Air orders at least 40 Boeing wide-body planes

A Boeing 777X airplane takes off during its first test flight from the company’s plant in Everett, Washington, January 25, 2020. Terray Sylvester | Reuters FARNBOROUGH, England — Boeing won orders for at least 40 wide-body jetliners from Korean Air, including the yet-to-be-certified 777X jetliner, in a vote of confidence for the struggling manufacturer. The … Read more

Delta offers crews double pay to staff flights after IT outage

Delta offers crews double pay to staff flights after IT outage

Travelers wait in line at a Delta Airlines counter at Ronald Reagan National Airport in Arlington, Virginia, on July 19, 2024. Airlines around the world experienced disruption on an unprecedented scale after a widespread global computer outage grounded planes and created chaos at airports. Ting Shen/Bloomberg via Getty Images Delta Air Lines CEO Ed Bastian … Read more

Flight cancellations ease after IT outage but some disruptions linger

Flight cancellations ease after IT outage but some disruptions linger

The United Airlines terminal on July 19, 2024 as a global technology outage affected LAX airport in Los Angeles.  Myung J. Chun | Los Angeles Times | Getty Images Flight cancellations and delays eased on Saturday as airlines worked to recover from a global IT outage sparked chaos at airports and for other industries a … Read more