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January 27, 2022

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Southwest Airlines says omicron will drive a loss in the first quarter, but expects 2022 profit

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CNBC – For more and to sign up click here OntheRunPhoto | iStock Editorial | Getty Images Southwest Airlines expects to lose money in the first quarter after the omicron variant of Covid-19 hurt staffing and bookings, but it said profits are on the table by March and for the......

Boeing posts third annual loss in a row as Dreamliner costs hit $5.5 billion

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CNBC – For more and to sign up click here Boeing hit a key milestone in its yearslong 737 Max crisis as a jump in deliveries helped it generate cash in the fourth quarter for the first time in nearly three years. But it now faces mounting expenses in its......

AT&T, Verizon delay 5G rollout near some airports after airlines warned of flight cancellations

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CNBC – For more and to sign up click here AT&T and Verizon on Tuesday said they would temporarily delay deployment of 5G service at towers near some U.S. airports after airlines warned the rollout would cause flight cancellations. The company’s statement came just hours after the Biden administration said......

Stock futures are flat after sell-off on Wall Street, more bank earnings ahead

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CNBC – For more and to sign up click here Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., January 10, 2022. Brendan McDermid | Reuters U.S. stock futures were steady in overnight trading on Tuesday following a sell-off on Wall Street......

Earnings season is the next big test for the market and value stocks in the week ahead

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CNBC – For more and to sign up click here Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., December 2, 2021. Brendan McDermid | Reuters The market’s focus in the coming week turns toward fourth-quarter earnings, which are expected to reveal......

Airline stocks surge despite thousands of holiday flight cancellations

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CNBC – For more and to sign up click here Airline pilots walk through the Ronald Reagan Washington National Airport on December 27, 2021 in Arlington, Virginia. Anna Moneymaker | Getty Images Airline investors shrugged off thousands of U.S. flight cancellations over the holidays even as disruptions continued on Monday.......

Severe weather, omicron infections drive thousands more U.S. flight cancellations

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CNBC – For more and to sign up click here Airlines canceled more than 2,600 U.S. flights on New Year’s Day as they faced severe weather across the country and a surge in omicron infections among staff that has disrupted air travel throughout the year-end holidays. The issues won’t be......

Travel in the omicron surge: What airlines owe you if they cancel your flight

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CNBC – For more and to sign up click here Travelers make their way through Miami International Airport on December 28, 2021 in Miami, Florida. Joe Raedle | Getty Images Travel in 2021 ended on a stressful note for thousands thanks to omicron. The fast-spreading coronavirus variant has driven up......

JetBlue cuts hundreds of flights through mid-January, expecting more omicron sick calls

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CNBC – For more and to sign up click here JetBlue Airways Airbus A320 passenger aircraft landing at John F. Kennedy International Airport in New York City. Nik Oiko | LightRocket | Getty Images JetBlue Airways is cutting close to 1,300 flights from its schedule from Thursday through mid-January in......

Stocks making the biggest moves premarket: GoDaddy, Apple, Cigna and others

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CNBC – For more and to sign up click here Check out the companies making headlines before the bell: Airline stocks – The major carriers saw their shares fall in the premarket after a surge in weekend cancellations due to staffing issues. United Airlines (UAL) slid 1.8%, American Airlines (AAL)......

Omicron drives Christmas weekend flight cancellations above 1,500

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CNBC – For more and to sign up click here Delta Airlines and an American Airlines planes taxi away from their gate ahead of the Thanksgiving holiday at Logan International Airport in Boston, Massachusetts, U.S., November 22, 2021. Brian Snyder | Reuters Airlines cancelled more than 300 flights Sunday as......

United, Delta cancel dozens of Christmas Eve flights as Covid hits crews

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CNBC – For more and to sign up click here A traveler wearing a protective mask waits to board a United Airlines flight at San Francisco International Airport, Oct. 15, 2020. David Paul Morris | Bloomberg | Getty Images United Airlines and Delta Air Lines canceled dozens of Christmas Eve......

U.S. airline industry steps up push for CDC to cut quarantine time for breakthrough Covid cases, warning of labor shortages

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CNBC – For more and to sign up click here Flight attendants hand out refreshments to a packed Delta Airlines flight traveling from Ronald Regan National Airport to MinneapolisSaint Paul International Airport on Friday, May 21, 2021. Kent Nishimura | Los Angeles Times | Getty Images A trade group representing......

Airlines’ request to reduce Covid quarantine time is the ‘wrong move,’ flight attendants union says

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CNBC – For more and to sign up click here The president of the country’s largest flight attendants union called a request by Delta Air Lines for federal health officials to reduce the recommended quarantine time for breakthrough Covid cases the “wrong move.” Sara Nelson, president of the Association of Flight......

Aviation, telecom groups agree to share data to help resolve 5G safety concerns

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CNBC – For more and to sign up click here A United Airlines airplane flies in front of the Empire State Building and One Vanderbilt in New York City as it comes in for a landing at Newark Liberty Airport on December 3, 2021, in Newark, New Jersey. Gary Hershorn......

Travelers scramble for Covid tests ahead of holiday rush

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CNBC – For more and to sign up click here Merline Jimenez (L) administers a COVID-19 nasopharyngeal swab to a person at a testing site located in the international terminal at Los Angeles International Airport (LAX) amid a surge in omicron variant cases on December 21, 2021 in Los Angeles,......

Stocks making the biggest moves premarket: Moderna, Royal Caribbean, Cerner and others

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CNBC – For more and to sign up click here Check out the companies making headlines before the bell: Moderna (MRNA) – Moderna shares jumped 7.2% in the premarket after the drugmaker said a booster dose of its Covid-19 vaccine increased protection against the omicron variant 37-fold. Amid the spread......

Southwest CEO tests positive for Covid days after unmasked Senate hearing with other airline chiefs

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CNBC – For more and to sign up click here Southwest Airlines CEO Gary Kelly testifies during a Senate Commerce, Science, and Transportation oversight hearing on Capitol Hill in Washington, D.C., December 15, 2021. Chip Somodevilla | Pool | Reuters Southwest Airlines CEO Gary Kelly has tested positive for Covid-19,......

Airline CEOs explain flight disruptions to Congress after taking $54 billion in taxpayer aid

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CNBC – For more and to sign up click here An American Airlines plane lands at Ronald Reagan Washington National Airport November 23, 2021 in Arlington, Virginia. Drew Angerer | Getty Images Top airline executives on Wednesday told a Senate panel that a tight labor market and difficulty convincing some......

American Airlines plans to hire 18,000 people next year for travel rebound

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CNBC – For more and to sign up click here An airline employee walks past empty American Airlines check-in terminals at Ronald Reagan Washington National Airport in Arlington, Virginia, on May 12, 2020. Andrew Caballero-Reynolds | Getty Images American Airlines is planning to hire 18,000 workers in 2022, on top......

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