Here are the most important news items that investors need to start their trading day: 1. The Fed vs. Nvidia The week ahead will tell whether the Federal Reserve can damper investor enthusiasm. A rally fueled in large part by blowout Nvidia earnings pushed the S&P 500, Dow Jones Industrial Average and Nasdaq all to … Read more
Travelers arrive for flights at O’Hare International Airport in Chicago on March 16, 2021. Scott Olson | Getty Images News | Getty Images Airlines are raising their prices to check a bag â again. Just how much you it will cost you, however, depends on when you pay for the service. United Airlines, American Airlines … Read more
Mathisworks | Digitalvision Vectors | Getty Images Corporate America has a message for Wall Street: It’s serious about cutting costs this year. From toy and cosmetics makers to office software sellers, executives across sectors have announced layoffs and other plans to slash expenses â even at some companies that are turning a profit. Barbie maker … Read more
JetBlue Airbus A321LR is displayed at the 54th International Paris Air Show at Le Bourget Airport near Paris, France, June 20, 2023. Benoit Tessier | Reuters Company: JetBlue Airways (JBLU) Business: JetBlue is a New York-based airline company serving over 100 destinations across the United States, the Caribbean and Latin America, Canada and Europe. JetBlue … Read more
A JetBlue Airways plane prepares to take off from the Fort Lauderdale-Hollywood International Airport on January 31, 2024 in Fort Lauderdale, Florida. Joe Raedle | Getty Images Carl Icahn won his push for seats on JetBlue Airways’ board of directors, according to a statement from the airline Friday, days after disclosing a nearly 10% stake … Read more
Carl Icahn at the 6th annual CNBC Institutional Investor Delivering Alpha Conference on September 13, 2016. Heidi Gutman | CNBC Activist investor Carl Icahn on Monday reported a nearly 10% stake in JetBlue Airways, saying the airline stock is undervalued. Shares of JetBlue spiked more than 15% in extended trading. Icahn amassed the stake in … Read more
A JetBlue Airways plane prepares to depart New York’s LaGuardia Airport. Leslie Josephs/CNBC In the 24 years since JetBlue Airways‘ first flight, the New York-based airline has pushed the envelope for a carrier of its size. Now, with some veteran executive hires and cost-cutting, it’s trying to get back to basics. JetBlue was a pioneer in seat-back … Read more
A Hawaiian Airlines A321 aircraft with Starlink WiFi installed. Hawaiian Airlines Hawaiian Airlines is rolling out complimentary Wi-Fi via SpaceX’s Starlink on board commercial flights this week, the companies told CNBC, the first major U.S. airline to offer the satellite-based service. “SpaceX has really cracked the code – literally, in terms of the technology – … Read more
A Spirit Airlines plane awaits takeoff at LaGuardia Airport in New York Leslie Josephs/CNBC Spirit Airlines‘ fourth-quarter loss narrowed to nearly $184 million, but its CEO said the carrier is back on the path to profitability and the domestic air travel market is improving. The carrier is trying to find its footing after domestic fares … Read more
JetBlue planes at JFK’s Terminal 5 in New York. Leslie Josephs/CNBC JetBlue Airways swung to a loss in the fourth quarter and forecast lower capacity this year as it scrambles to return to profitability. The New York-based airline reported a net loss of $104 million for the last three months of 2023, compared with a … Read more
