GM, Ford, Stellantis second-quarter earnings: What analysts expect

GM, Ford, Stellantis second-quarter earnings: What analysts expect

General Motors CEO Mary Barra, center, at the New York Stock Exchange, Nov. 17, 2022. Source: NYSE DETROIT — Wall Street expects General Motors to be the standout among the traditional Detroit automakers when they report second-quarter results this week, with sales and vehicle prices stable during the first half of the year for America’s … 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

Boeing on path to ‘transformational change,’ commercial jet CEO says

Boeing on path to ‘transformational change,’ commercial jet CEO says

Boeing 737 MAX aircraft are assembled at the company’s plant in Renton, Washington, U.S. June 25, 2024.  Jennifer Buchanan | Via Reuters LONDON — Boeing‘s output of 737 Max planes is showing signs of improvement, the new head of its commercial unit said ahead of a major air show on Sunday, while admitting that the … 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

How CrowdStrike IT outage is hitting global supply chain

How CrowdStrike IT outage is hitting global supply chain

Picture Alliance | Picture Alliance | Getty Images The CrowdStrike software bug that crashed Microsoft operating systems and caused the largest IT outage in history caused disruptions at U.S. and global ports, with highly complex air freight systems suffering the heaviest hit, according to logistics experts, as global airlines grounded flights. “Planes and cargo are … Read more

Flights grounded, passengers to see delays amid global IT outage

Flights grounded, passengers to see delays amid global IT outage

Crowds are seen building up at Suvarnabhumi Airport as a global IT disruption caused by a Microsoft outage and a Crowdstrike IT problem combine to affect users on July 19, 2024 in Bangkok, Thailand.  Mailee Osten-tan | Getty Images News | Getty Images Several airlines halted flights on Friday, while others warned of delays and … Read more

Ford to expand large truck production to Canada

Ford to expand large truck production to Canada

2023 Ford Super Duty F-350 Limited Ford DETROIT – Ford Motor will expand production of its large Super Duty trucks to a Canadian plant that was previously set to be converted into an all-electric vehicle hub. The new plans include investing about $3 billion to expand Super Duty production, including $2.3 billion at Ford’s Oakville … Read more

Can Boeing get back to its glory days?

Can Boeing get back to its glory days?

An American Airlines Boeing 737 MAX 8 flight from Los Angeles approaches for landing at Reagan National Airport shortly after an announcement was made by the FAA that the planes were being grounded by the United States in Washington, U.S. March 13, 2019.  Joshua Roberts | Reuters Boeing executives spent years after two fatal 737 Max … Read more

United (UAL) earnings Q2 2024

United (UAL) earnings Q2 2024

United Airlines planes at Denver International Airport. Leslie Josephs | CNBC United Airlines‘ second-quarter profit rose more than 20% over last year as strong demand for international travel boosted the carrier’s results, but third-quarter results came in shy of estimates. United said Wednesday that it expects to earn between $2.75 and $3.25 a share on … Read more

GM to up production of high-output V8 SUV

GM to up production of high-output V8 SUV

2025 Cadillac Escalade V-Series SUV Cadillac DETROIT — General Motors will increase production of its Cadillac Escalade V-Series performance model as part of updates to the flagship SUV for the 2025 model year. The new SUV features a standard 55-inch diagonal display across the dash, including a passenger-only screen; an “executive package” for the second … Read more