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March 29, 2020

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Aerospace and defense industry

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The US economy has come to a standstill, satellite imagery shows

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by CNBC06
CNBC – For more and to sign up click here American Airlines planes parked in Tulsa, Oklahoma. American Airlines The coronavirus crisis is bringing the United States economy to a screeching halt, with every sector feeling the effects of most of the country’s workforce staying home. Satellite imagery combined with......
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CNBC Business

United Airlines warns aid isn’t enough to avoid workforce cuts

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by CNBC03
CNBC – For more and to sign up click here United Airlines planes at Newark Liberty International Airport Leslie Josephs | CNBC United Airlines warned Friday that it expects to reduce its workforce because of the rapid spread of coronavirus and severe measures to stop the disease’s spread, despite a sweeping......
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SpaceX, One Medical employees in Hawthorne test positive for COVID-19

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by CNBC01
CNBC – For more and to sign up click here Elon Musk, chief executive officer of Space Exploration Technologies Corp. (SpaceX) and Tesla Inc., speaks during an event at SpaceX headquarters in Hawthorne, California, U.S., on Thursday, Oct. 10, 2019. Patrick T. Fallon | Bloomberg | Getty Images At least......
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CNBC Business

Boeing plans 737 Max production restart by May, sources say

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by CNBC01
CNBC – For more and to sign up click here Boeing 737 MAX airplanes are parked at Grant County International Airport October 23, 2019 in Moses Lake, Washington. David Ryder | Getty Images Boeing plans to restart 737 Max production by May, ending a months-long halt triggered by a safety......
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CNBC Business

Boeing plans two-week shutdown of factories in Seattle area

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by CNBC05
CNBC – For more and to sign up click here In this Monday, Dec. 16, 2019, file photo, a Boeing worker walks in view of a 737 MAX jet in Renton, Wash. Elaine Thompson | AP Boeing on Monday said it is shutting down production at its factories in the Seattle......
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CNBC Business

JetBlue cuts schedule to essential flights as coronavirus spreads

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by CNBC07
CNBC – For more and to sign up click here JetBlue Airways Airbus A320-200 aircraft as seen on final approach landing at New York John F. Kennedy International Airport in USA. Nicola Economou | NurPhoto | Getty Images JetBlue Airways told employees Sunday that it plans to cancel hundreds of flights......
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CNBC Business

Airlines urge Congress for grants to fight impact

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by CNBC010
CNBC – For more and to sign up click here Airplanes sit on the tarmac at John F. Kennedy Airport (JFK) on January 31, 2020 in New York City. Spencer Platt | Getty Images U.S. airlines on Saturday warned they will have to furlough workers unless Congress approves a $58......
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CNBC Business

Boeing suspends dividend, CEO foregoes pay after virus-related aid request

CNBC
by CNBC05
CNBC – For more and to sign up click here A Boeing 737 MAX sits outside the hangar during a media tour of the Boeing 737 MAX at the Boeing plant in Renton, Washington. REUTERS/Matt Mills McKnight Boeing will cancel CEO pay, suspend its dividend and extend a pause on share......
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CNBC Business

United warns of possible job cuts if government doesn’t act quickly on coronavirus aid

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by CNBC06
CNBC – For more and to sign up click here United Airlines planes, including a Boeing 737 MAX 9 model, are pictured at George Bush Intercontinental Airport in Houston, Texas, March 18, 2019. Loren Elliott | Reuters United Airlines on Friday warned it could cut jobs if the U.S. government doesn’t......
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CNBC Business

FCC approves SpaceX to deploy 1 million antennas for Starlink internet

CNBC
by CNBC09
CNBC – For more and to sign up click here SpaceX got a key government license last week, federal filings reveal, as the company clears a regulatory hurdle that moves it closer to offering a new high-speed internet service from space. The Federal Communications Commission (FCC) has authorized SpaceX to......
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CNBC Business

Former UN ambassador Haley resigns from Boeing board, opposing government aid

CNBC
by CNBC06
CNBC – For more and to sign up click here Then South Carolina Gov. Nikki Haley speaks during the dedication of Boeing Co.’s $750 million final assembly plant in North Charleston, S.C. on Friday, June 10, 2011. Bruce Smith | AP Former U.N. Ambassador Nikki Haley stepped down from Boeing‘s......
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CNBC Business

Americans return home to hours-long lines at US airports

CNBC
by CNBC012
CNBC – For more and to sign up click here In this photo provided by Austin Boschen, people wait in line to go through the customs at Dallas Fort Worth International Airport in Grapevine, Texas, Saturday, March 14, 2020. Austin Boschen | AP Thousands of Americans returning home faced cramped......
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CNBC Business

Delta, pilot union agree on partially paid time off as coronavirus forces cuts

CNBC
by CNBC011
CNBC – For more and to sign up click here A Delta Air Lines Boeing 777 James D. Morgan | Getty Images Delta Air Lines and the union that represents its more than 14,000 have agreed to let the carrier offer partially paid time off for aviators through June, and possibly......
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CNBC Business

US to extend travel restrictions to UK, Ireland due to coronavirus

CNBC
by CNBC010
CNBC – For more and to sign up click here Britain’s Prime Minister Boris Johnson (R) welcomes US President Donald Trump (L) to the NATO summit at the Grove hotel in Watford, northeast of London on December 4, 2019. Peter Nicholls | AFP | Getty Images The U.S. will add......
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CNBC Business

American Airlines caps Europe-US fares as Trump travel ban sparks demand surge

CNBC
by CNBC010
CNBC – For more and to sign up click here American Airlines Boeing 787-8 Dreamliner aircraft. Nicolas Economou | NurPhoto | Getty Images American Airlines on Thursday said it was capping fares on several U.S.-bound routes from Europe as travelers race to get home due to President Donald Trump’s new......
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CNBC Business

Trump’s Europe travel ban is another blow to airlines

CNBC
by CNBC09
CNBC – For more and to sign up click here People walk through a sparse international departure terminal at John F. Kennedy Airport (JFK) as concern over the coronavirus grows on March 7, 2020 in New York City. Spencer Platt | Getty Images President Donald Trump issued sweeping travel restrictions on......
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CNBC Business

Coronavirus drives United Airlines US bookings down 70%

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by CNBC08
CNBC – For more and to sign up click here A United Airlines airplane takes off at Newark Liberty Airport. Gary Hershorn | Getty Images United Airlines on Tuesday reported a 70% drop in domestic demand in the last few days and said it will make more deep cuts to flights......
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CNBC Business

Delta makes deep flight cuts as coronavirus hurts demand, pulls 2020 outlook

CNBC
by CNBC08
CNBC – For more and to sign up click here A Delta Air Lines Boeing 767-300 landing in Amsterdam. Nicolas Economou | NurPhoto | Getty Images Delta Air Lines said Tuesday that it will make deep cuts throughout its network to cut costs as coronavirus drives down demand for air travel.......
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CNBC Business

FAA tells Boeing that 737 Max wiring bundles are ‘not compliant’

CNBC
by CNBC012
CNBC – For more and to sign up click here An employee works near a Boeing 737 Max aircraft at Boeing’s 737 Max production facility in Renton, Washington. Lindsey Wasson | Reuters The Federal Aviation Administration has formally rejected Boeing‘s proposal that it not modify nor move wiring bundles in......
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CNBC Business

Coronavirus fears prompt airlines to race to cut costs as demand slips

CNBC
by CNBC013
CNBC – For more and to sign up click here A person watches as a Southwest Airlines Co. plane arrives at a gate at the Pittsburgh International Airport (PIT) in Moon Township, Pennsylvania, U.S., on Tuesday, July 2, 2019. Justin Meriman | Bloomberg | Getty Images WASHINGTON — Airline executives......
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