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August 1, 2021

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Boeing posts surprise profit as aircraft demand rebounds from pandemic slump

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CNBC – For more and to sign up click here A Boeing 737 MAX airplane lands after a test flight at Boeing Field in Seattle, Washington, U.S. June 29, 2020. Karen Ducey | Reuters Boeing reported its first quarterly profit in almost two years on Wednesday, boosted by a surge......

American Airlines warns about jet-fuel shortages around the U.S., asks pilots to conserve

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CNBC – For more and to sign up click here American Airlines flight 718, the first U.S. Boeing 737 MAX commercial flight since regulators lifted a 20-month grounding in November, takes off from Miami, Florida, U.S. December 29, 2020. Marco Bello | Reuters American Airlines on Monday said it might......

The 10 best U.S. airlines in 2021

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CNBC – For more and to sign up click here It’s been a wild ride for U.S. airlines over the last 18 months amid Covid-19-induced travel fears and restrictions, not to mention trouble with unruly passengers who refused to wear their masks. But with nearly 49% of the country fully......

American, Southwest post quarterly profits, boosted by travel surge, federal aid

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CNBC – For more and to sign up click here An American Airlines Boeing 777-300ER plane takes off from Sydney Airport in Sydney, Australia, October 28, 2020. Loren Elliott | Reuters American Airlines and Southwest Airlines Thursday posted a profit for the second quarter, getting a lift from federal aid......

Stock futures are flat after major averages turn positive for the week

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CNBC – For more and to sign up click here U.S. stock index futures were flat in overnight trading on Wednesday, after the major averages advanced during regular trading to turn positive for the week. Futures contracts tied to the Dow Jones Industrial Average gained 27 points. S&P 500 futures......

United Airlines shares jump on upbeat outlook on demand despite delta variant

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CNBC – For more and to sign up click here A United Airlines Boeing 737-800 and United Airlines A320 Airbus on seen approach to San Francisco International Airport, San Francisco. Louis Nastro | Reuters Shares of United Airlines gained more than 4% on Wednesday morning after the carrier forecast that......

Transports stocks are in correction territory ahead of earnings. Here’s what to watch

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CNBC – For more and to sign up click here Transport stocks have hit a roadblock. After rallying earlier this year and outpacing the S&P 500‘s gains, the Dow Jones Transportation Average has pulled back roughly 10% from highs set in May, putting the group in a correction. That weakness......

American Airlines cancels flight attendants’ voluntary leaves, plans to hire 800 to meet travel demand

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CNBC – For more and to sign up click here An American Airlines Group Inc. plane prepares for landing at LaGuardia Airport (LGA) in New York. Timothy Fadek | Bloomberg | Getty Images American Airlines has told the remaining 3,300 flight attendants on voluntary leave to come back by November......

Power restored at Denver International Airport after outage delayed flights

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CNBC – For more and to sign up click here A row of United Airlines passenger planes parked at gates at Denver International Airport in Denver, Colorado. Robert Alexander | Getty Images Power was restored at Denver International Airport after a brief outage on Wednesday afternoon that disrupted flights. The......

‘The easy money has been made’ in airline stocks, trader says. One way to play the group

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CNBC – For more and to sign up click here It may be time to fade airline stocks. Though U.S. travel exceeded 2019 levels over the July 4th holiday weekend based on TSA screenings, the group’s technical setup is flashing warning signs, Piper Sandler’s Craig Johnson told CNBC’s “Trading Nation”......

Airlines waive change fees for several Florida cities as Tropical Storm Elsa nears

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CNBC – For more and to sign up click here American Airlines flight 718, the first U.S. Boeing 737 MAX commercial flight since regulators lifted a 20-month grounding in November, takes off from Miami, Florida, U.S. December 29, 2020. Marco Bello | Reuters Major U.S. airlines relaxed ticket-change policies for......

TSA screenings surpass 2019 levels in pandemic first as airlines, airports scramble to staff

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CNBC – For more and to sign up click here Travelers wait in line at a Transportation Security Administration (TSA) screening checkpoint at Orlando International Airport in May, 2021. Paul Hennessy | SOPA Images | LightRocket | Getty Images The Transportation Security Administration said Friday that airport screenings have climbed......

This transports group is waving a ‘yellow flag’ for the economy, Miller Tabak strategist says

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CNBC – For more and to sign up click here Transports stocks are coming off their best first half since 1997. The Dow transports rallied 19% in the first six months of the year, though the bulk of those gains were made in the first quarter followed by a stretch......

Southwest CEO Gary Kelly will step down in 2022, to be replaced by company executive Robert Jordan

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CNBC – For more and to sign up click here Gary Kelly, chief executive officer of Southwest Airlines Co., speaks during an event inside the new Southwest Airlines Co. international terminal at the William P. Hobby Airport in Houston, Texas. Carter Smith | Bloomberg | Getty Images Southwest Airlines is......

‘It’s out of control.’ Airlines, flight attendants want stiffer penalties for unruly passengers

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CNBC – For more and to sign up click here Flight attendants wearing protective masks walk through Hartsfield-Jackson Atlanta International Airport in Atlanta, Georgia, on Wednesday, April 7, 2021. Elijah Nouvelage | Bloomberg | Getty Images Air travel demand is rising, and so is bad behavior on flights. Now airline......

American Airlines cancels hundreds of flights due to staffing crunch, maintenance issues

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CNBC – For more and to sign up click here American Airlines planes at LaGuardia Airport Leslie Josephs | CNBC American Airlines said it canceled hundreds of flights this weekend due to staffing shortages, maintenance and other issues, challenges facing the carrier as travel demand surges toward pre-pandemic levels. About......

Stocks making the biggest moves in the premarket: Oracle, Roblox, Kindred Biosciences & more

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CNBC – For more and to sign up click here Take a look at some of the biggest movers in the premarket: Oracle (ORCL) – Oracle earned $1.54 per share for its latest quarter, beating the consensus estimate of $1.31 a share. The business software company’s revenue topped estimates as......

Southwest Airlines cancels 500 flights after second technology issue in two days

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CNBC – For more and to sign up click here Southwest Airlines Boeing 737-7H4 takes off from Hollywood Burbank Airport on September 16, 2020 in Burbank, California. AaronP/Bauer-Griffin | GC Images | Getty Images Southwest Airlines canceled 500 flights, 15% of its schedule, Tuesday as it struggled with connectivity issues,......

As America reopens, businesses—from airlines to arenas—see an uptick in bad behavior

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CNBC – For more and to sign up click here Crime’s up. Tempers are up. Across the United States, businesses are grappling with an astonishing rise in what can only be called “people behaving badly.” Retail workers have been subjected to horrifying attacks based on their race, gender identity or......

Southwest Airlines upsizes order for smallest Boeing 737 Max order by 34 planes

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CNBC – For more and to sign up click here Boeing 737 MAX airplanes are seen parked at a Boeing facility on August 13, 2019 in Renton, Washington. David Ryder | Getty Images Southwest Airlines is upsizing its order for Boeing‘s smallest 737 Max model by nearly three-dozen planes, the......

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