United Airlines CEO Scott Kirby celebrates the opening of a new addition to its Flight Training Center in Denver, Colorado, on Feb. 22, 2024. Hyoung Chang | Denver Post | Getty Images United Airlines CEO Scott Kirby says he is optimistic about Boeing‘s recovery after meeting with the manufacturer’s new chief executive. It’s an upbeat … Read more
People seen around the Starbucks coffee store in Shenzhen, China. Jakub Porzycki | Nurphoto | Getty Images In May, it was a $2.5 billion stake in Texas Instruments and a $1 billion-plus position at Johnson Controls. In June came a $2 billion stake in Southwest Airlines and an equally large investment in Japanese conglomerate SoftBank. … Read more
A trader works on the floor of the New York Stock Exchange (NYSE) during morning trading on March 4, 2024 in New York City. Angela Weiss | 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 … Read more
A Southwest Airlines Boeing 737-7Q8 takes off from Ronald Reagan Washington National Airport in Arlington Virginia on August 13, 2024. Daniel Slim | Afp | Getty Images Activist investor Elliott Management will launch a proxy fight at Southwest Airlines, and intends to nominate as many as 10 directors to the company’s 15-person board, the activist … Read more
Laxman Narasimhan attends the 2023 TAAF Annual AAPI CEO Dinner at The Pool on September 26, 2023 in New York City. (Photo by JP Yim/Getty Images for The Asian American Foundation (TAAF). Jp Yim | Getty Images Activist Elliott Management and Starbucks‘ board of directors are in settlement talks, according to people familiar with the … Read more
Robert K. “Kelly” Ortberg is the Boeing’s new president and chief executive officer, effective August 8, 2024. Ortberg will also serve on Boeing’s Board of Directors. Courtesy: Boeing Aerospace veteran Robert “Kelly” Ortberg becomes Boeing‘s new CEO on Thursday with a singular mission: restoring the reputation of a U.S. manufacturing icon. That enormous goal will … Read more
A Spirit commercial airliner prepares to land at San Diego International Airport in San Diego, California, U.S., January 18, 2024. Mike Blake | Reuters Free Wi-Fi? Free checked bag? Free snacks? On Spirit? The Florida-based carrier that is practically synonymous with budget air travel in the U.S. said Tuesday that it plans to offer packages … Read more
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
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
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
