My top 10 things to watch Thursday, July 18 1. Republican vice presidential nominee JD Vance attacked Wall Street in his speech Wednesday night at the Republic National Convention. Donald Trump’s running mate said the presidential hopeful “won’t cater to Wall Street.” He also blamed China for flooding the U.S. economy with “cheap foreign goods” … Read more
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
Traders work on the floor of the New York Stock Exchange during afternoon trading on April 09, 2024 in New York City. Michael M. Santiago | 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, no … Read more
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
Nurphoto | Nurphoto | Getty Images Delta Air Lines on Thursday forecast record revenue for the third quarter thanks to booming summer travel demand, but its earnings forecast fell short of analysts’ estimates. Shares of Delta fell about 7% in premarket trading. Here’s how the company performed in the three months ended June 30, compared with … Read more
Passengers pass through O’Hare airport in Chicago, July 3, 2024. Scott Olson | Getty Images Record summer air travel demand isn’t translating to record U.S. airline profits. Carriers will have to answer for that disconnect when they report quarterly results this month. Some airlines have forecast record demand, and in some cases, revenue. But higher … Read more
A United Airlines plane seen at the gate at Chicago OHare International airport (ORD)on October 5, 2020 in Chicago, Illinois. Daniel Slim | AFP | Getty Images Don’t believe bad weather is the reason your United Airlines flight is delayed? The airline will now text you live radar maps to prove it. Even when it’s … Read more
Travelers walk with their luggage outside the international terminal at Los Angeles International Airport (LAX) ahead of the July 4th holiday travel period on June 25, 2024 in Los Angeles, California. Mario Tama | Getty Images Summer air travel is expected to soar in the United States. The Transportation Security Administration screened a high of … Read more
A Southwest Airlines jet is parked Ellison Onizuka Kona International Airport at Kehole awaiting passengers on January 20, 2024 in Kailua-Kona, Hawaii. Kevin Carter | Getty Images Southwest Airlines shares fell roughly 4% in early trading Wednesday after the carrier cut its second-quarter revenue forecast, citing changing booking patterns. Southwest expects revenue per available seat … Read more
An Airbus A330-323 aircraft, operated by Delta Air Lines. Benoit Tessier | Reuters Delta Air Lines is the country’s most profitable airline. CEO Ed Bastian’s challenge is to make sure his carrier stays on top. The airline’s unit revenue, the amount it brings in for every seat it flies one mile, outpaced its competitors’ last … Read more
