British Airways owner IAG inked a deal with SpaceX’s Starlink for inflight Wi-Fi across all five carriers in the airline group https://t.co/JBf1ZGixsL ...

Good to have you with us this morning. I'm Joe Frier >> and I'm Savannah Sers. We're going to begin this morning with a major warning that could impact air travel this weekend and beyond.Officials from the Trump administration say they are going to start cutting air traffic at dozens of the nation's busiest airports starting tomorrow. >> If you thought traveling was unpredictable now, well, just wait. This move could prompt airlines to cut thousands of flights on short not the holiday travel rush starts to ...

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Airline Industry - United Airlines plans to reduce 10% of flights across over 40 airports, affecting approximately 3,500 to 4,000 flights daily, with no specified end date for these reductions [1][2] - The impact on international and long-haul routes is expected to be minimal, which are higher margin segments for United Airlines [1] - The ongoing government shutdown, now in its 37th day, may lead to further disruptions in the airline industry, although current TSA lines remain unaffected [1][2] Nvidia - Jensen Huang, CEO of Nvidia, expressed concerns about the AI race, stating that China is "nanoseconds" behind the U.S. in AI development, while also indicating a desire to sell chips to both countries [2][3] - Huang's comments reflect a dual strategy of wanting to maintain sales while acknowledging the competitive landscape in AI technology [2][3] Qualcomm - Qualcomm reported a 10% revenue increase to $11.27 billion, beating expectations, and guided higher for future revenue [6][7] - The company recorded a net loss of $3.12 billion, or about $289 per share, primarily due to a tax expense, but this is typically excluded from performance evaluations [6][9] - Qualcomm's licensing business saw a 7% decline to approximately $1.41 billion, raising concerns about market share loss to competitors like Apple [8][9] - For the upcoming quarter, Qualcomm expects revenue between $11.8 billion and $12.6 billion, with a midpoint of $12.2 billion, which is above expectations [7][8]

Core Points - United Airlines will provide refunds to customers with flights booked during the government shutdown, regardless of whether their flights are directly impacted [1][2] - The airline's long-haul international flights and hub-to-hub services will remain unaffected by the FAA's schedule reductions [2][4] - United Airlines plans to focus schedule reductions on regional and domestic mainline flights that do not connect hubs, while still offering approximately 4,000 flights per day [4][5] Industry Context - The FAA has announced a 10% reduction in air traffic across 40 domestic airports due to safety concerns related to air traffic control during the ongoing government shutdown [2][7] - The shutdown, now the longest in U.S. history, has resulted in 13,000 air traffic controllers and 50,000 TSA agents working without pay [8]

Core Insights - American Airlines is cutting hundreds of corporate jobs, which initially led to a 4% decline in stock price, attributed to broader market weakness rather than company-specific issues [1]. Company Summary - The job cuts at American Airlines are part of a strategic move to streamline operations within the company [1]. - The stock performance reflects market trends, indicating that the decline may not be solely due to the job cuts [1]. Industry Context - The aerospace, defense, and airline sectors are experiencing significant growth prospects, and developments in these industries can impact investment theses [1].

Core Insights - American Airlines is cutting hundreds of corporate jobs, which initially led to a 4% decline in stock price, attributed to broader market weakness rather than company-specific issues [1]. Company Summary - American Airlines (NYSE: AAL) is undergoing a significant workforce reduction, impacting corporate positions [1]. - The stock performance reflects market trends, indicating that the job cuts may not be the sole reason for the stock's decline [1]. Industry Context - The aerospace, defense, and airline sectors are characterized by significant growth prospects, and developments in these areas can influence investment strategies [1].

Impact of Government Shutdown on Air Travel Safety - Transportation Secretary announced a 10% reduction in US flights at 40 major airports, affecting nearly 4,000 flights [1] - Allied Pilots Association, representing 16,000 pilots, supports the flight reduction to maintain safety margins [1][4] - Rolling delays due to staffing shortages are causing fatigue among air traffic controllers [3] - The industry emphasizes the need for a clean CR (Continuing Resolution) to avoid further disruptions [5] - Airspace safety and security are paramount, requiring adaptation to maintain standards [7][8] Operational Challenges - Airlines are experiencing pilot time-outs due to delays, impacting schedules and requiring the use of reserve pilots planned for the Thanksgiving season [9][11] - The current situation is described as a "mess" that needs to be resolved to prevent further operational disruptions [10] - The shutdown is putting strain on pilots, potentially affecting their readiness and focus [11][13] Call for Action - The industry advocates for an immediate end to the shutdown, emphasizing that safety and security should not be part of a political debate [4][5] - The situation is considered urgent, requiring immediate action to ensure clear skies and prevent accidents [5] - The industry stresses that distractions and external issues should not compromise the focus and performance of flight crews and air traffic controllers [14]

Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha, iTunes, Spotify.Getty Images Good morning! Here is the latest in trending:Pay package: Whether Tesla's (TSLA) Elon Musk can net $1T in compensation will be decided today. Meanwhile, the debate over the deal rages on.Heard at SCOTUS: Here are the takeaways from the U.S. Supreme Court hearing on President Trump's tariffs. Nanoseconds: Nvidia (NVDA) CEO Jensen Huang backtracks after saying China will wi ...

Core Insights - Delta Air Lines, Inc. (DAL) is one of the largest American airline companies providing scheduled air transportation for passengers and cargo globally [1] - DAL also owns a jet fuel refinery, which supports its operational needs [1] Company Overview - Delta Air Lines operates in the airline industry, focusing on both passenger and cargo transportation [1] - The company has integrated operations by owning a jet fuel refinery, enhancing its fuel supply chain [1] Industry Context - The airline industry is characterized by significant competition and the need for efficient operational strategies to manage costs and enhance service delivery [1]