What a time for you to start this job. Are you sure you want to do this. I tell you, it's been great.Yeah. I love working for the industry in that it is obviously a challenge. It's a challenge on a normal day.But I effectively work for the nine CEOs of the nine largest air carriers in America, and they're trying to reopen the government. Oh, yeah. Well, they're not trying to reopen the government.Yeah, they're crying. Oh, no. Absolutely.And it's everything from being on the phones to, you know, talking to f ...

Flight Disruptions - The FAA ordered a 10% cut to flight capacity at 40 high volume markets to alleviate pressure on air traffic controllers [1] - Approximately 3% of US flights are canceled [2] - The cancellation rate is still below the typical 4 to 5% during a bad winter storm [2] Government Shutdown Impact - Air traffic controllers and TSA agents have not been paid for more than 5 weeks due to the government shutdown that began on October 1st [2][3] - The resumption of payments depends on a consensus in Washington regarding major issues, including healthcare subsidies [3]

Core Insights - Canadian Pacific Kansas City (CP) reported disappointing third-quarter 2025 results, with both earnings and revenues falling short of the Zacks Consensus Estimate [1][9] Financial Performance - The quarterly earnings, excluding 7 cents from non-recurring items, were 80 cents per share, missing the Zacks Consensus Estimate by a penny, but improved 9.5% year-over-year [2] - Operating revenues totaled $2.65 billion, lagging behind the Zacks Consensus Estimate of $2.67 billion, yet showing a 2.2% year-over-year increase [2] - Total Freight revenues per revenue ton miles decreased by 1% year-over-year, while total Freight revenues per carload also saw a marginal decline [3] - Operating income increased by 11%, and total operating expenses fell by 1% year-over-year, resulting in an operating ratio improvement of 260 basis points to 63.5% [3] Segment Performance - Freight revenues, which constituted 98% of total revenues, increased by 4% year-over-year, with notable growth in Potash (up 15%), Fertilizers and Sulphur (up 11%), and Coal (up 3%) [4] - Other revenues decreased by 18% year-over-year in the third quarter of 2025 [4] Liquidity Position - At the end of the third quarter, CP had cash and cash equivalents of C$411 million, down from C$799 million in the previous quarter, while long-term debt rose to C$21.59 billion from C$21.22 billion [5] Future Outlook - CP anticipates core adjusted earnings per share to grow in the range of 10%-14% from 2024 actuals to C$4.25 per share in 2025 [6] - The company expects mid-single-digit growth in revenue ton miles (RTMs) for 2025 compared to 2024 [6] - Capital expenditures are projected to be C$2.9 billion for the full year, with an expected effective tax rate of 24.5% for 2025 [6]

Right now, airline and airport workers who are still getting paid are still feeling the pressure. We're seeing more flight cancellations, increased uncertainty from the government shutdown. It's a terrible situation, not only for travelers, but also flight attendants whose main job is keeping us safe in the skies.Sarah Nelson is president of the Association of Flight Attendants. It's good to have you back, boy. Um, >> thanks, Chris.You've said this decision um isn't about politics. It is about safety. But w ...

Airlines across the US have canceled flights scheduled for the coming days, as the longest government shutdown in history snarls up air travel. @norahmulinda is at Newark Liberty International Airport with more https://t.co/Uv5cNIhCtt https://t.co/xN8IuaR6KL ...

For Wall Street, flight cancellations may not be the worst thing. ...

Core Viewpoint - Spirit Airlines has reached tentative agreements with unions representing its pilots and flight attendants, which include some contract concessions as the airline aims to control costs [1] Group 1: Union Agreements - The agreements involve concessions from both pilots and flight attendants, indicating a collaborative approach to address financial challenges [1] - These tentative deals are part of Spirit Airlines' broader strategy to manage operational costs effectively [1] Group 2: Financial Strategy - The airline is focused on rein in costs amidst a competitive market environment, highlighting the importance of cost management in the airline industry [1]

Operational Impact of Government Shutdown - FAA ordered a 10% reduction of flights across 40 major US airports due to the government shutdown [2] - The US air system is facing a shortage of 2,000 to 3,000 air traffic controllers [1] Consumer Advice During Shutdown - Travelers should download airlines' mobile app and enable notifications for cancellations and schedule changes [3] - Airlines must provide refunds for cancelled flights, even for non-refundable tickets [3] - Some major airlines are offering refunds or waiving cancellation fees [4] - Travelers should consider flying on off-peak days [4] - Travel insurance may not cover shutdown disruptions unless policies include "cancel for any reason" or "interruption for any reason" benefits [5] Industry Recommendations - The industry emphasizes the importance of reopening the government to avoid flight cancellations [1] - The industry advises travelers to be patient and kind to airline and airport workers [5]

Flights across the U.S. are being canceled. Here's a list of 40 affected airports and what you need to know.🔗: https://t.co/mLKL8tLVJ5 https://t.co/xeTr8MnYkL ...

Market Overview - The U.S. stock market is experiencing a significant midday sell-off due to concerns over stretched valuations of AI stocks, the ongoing government shutdown, and weak labor market data [1][11] - All three major indexes are in negative territory, indicating a broad "risk-off" sentiment among investors [1] Major Index Performance - The Dow Jones Industrial Average (DJI) is down 0.8% or 398.70 points, closing at 46,912.30 [2] - The S&P 500 (SPX) has declined 1.1% to 6,720.32 and further to around 6,652 points, representing a 1.02% loss [2] - The Nasdaq Composite (IXIC) has tumbled 1.9% or 445.81 points to 23,053.99, with an additional loss of almost 1% in early trading [2] Investor Sentiment - The Cboe Volatility Index (VIX) rose 8.3% to 19.50, indicating increased investor anxiety [3] - The ratio of decliners to advancers on the NYSE is 1.97-to-1 and on the Nasdaq is 2.69-to-1, reflecting negative sentiment [3] Sector Performance - The Consumer Discretionary Select Sector SPDR (XLY) and Technology Select Sector SPDR (XLK) slipped 2.3% and 2% respectively, while the Energy Select Sector SPDR (XLE) advanced 1% [3] Global Market Impact - European markets are mirroring the U.S. downturn, with the FTSE 100, CAC 40, and DAX 40 all trading lower due to concerns over U.S. tech valuations [4] Economic Factors - The ongoing U.S. government shutdown, now in its 38th day, is creating a "data vacuum" and increasing investor uncertainty [5] - The absence of crucial economic reports is leading to reliance on private payroll and layoff data, indicating a cooling labor market [5] Corporate Earnings - Constellation Energy (CEG) is set to report earnings, which will be closely watched for insights on AI-driven power demand [6] - NuScale Power (SMR) reported earnings, with a focus on next-generation nuclear deployments [6] Upcoming Events - The IAB Connect H2 conference on December 4th will focus on digital advertising, potentially impacting media and advertising technology sectors [7] Major Stock News - $750 billion has been wiped off major AI stocks this week, with Nvidia (NVDA) falling 2.2% in early trading and down 4.3% since market open [8] - Salesforce Inc. (CRM) dropped 5.3%, while other tech companies like Microsoft (MSFT), Palantir Technologies (PLTR), Broadcom (AVGO), and Advanced Micro Devices (AMD) are also under pressure [8] International Developments - Rightmove's shares fell 12.5% after announcing increased investment in AI, while IAG saw an 11.5% slump due to soft U.S. travel demand [10]