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Even if the shutdown ends, air travel won't get back to normal right away – here's why
MSNBC· 2025-11-11 16:10
Even as Congress gets closer to a deal to reopen the government, the fallout at airports isn't showing any signs of letting up with thousands of flights delayed or canceled altogether. This morning, the FAA reduced flights across the country by 6%. That is set to increase to up to 10% by Friday, and air traffic controllers are missing out this week on their second full paycheck since the shutdown began.MSNBC's Rosa Flores is live for us at George Bush Intercontinental Airport in Houston. Also with us, forme ...
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Bloomberg· 2025-11-11 15:19
Days before US government-mandated flight cuts went into effect across domestic carriers, some airline executives privately pressed for more information on whether the safety data justified the Trump administration’s measures https://t.co/MqMP6KAhNQ ...
Airlines warn flight cancellations will continue even after shutdown
CNBC· 2025-11-11 15:11
Group 1 - The Senate passed a bill that may end the longest federal government shutdown in history, which has significantly impacted air travel [2] - Staffing shortages of air traffic controllers, who are working without pay during the shutdown, have led to delays and cancellations of thousands of flights [2] - More than 5 million travelers have been affected by airline staffing issues since the shutdown began on October 1, prompting some passengers to seek alternative travel options [3] Group 2 - Airlines have warned that flight disruptions may continue even after the government shutdown ends, indicating potential ongoing challenges for the industry [1] - The disruptions have caused a shift in travel behavior, with passengers exploring alternatives such as buses, rental cars, and private jets [3]
Trackonomy and Delta Cargo Launch Pulse: A New Era of Air Freight Transparency and Efficiency
Prnewswire· 2025-11-11 15:00
Core Insights - Trackonomy collaborates with Delta Cargo to launch the Pulse platform, enhancing shipment transparency and operational reliability in air cargo operations [1][2][5] Company Overview - Trackonomy is a leader in Physical AI and smart logistics solutions, focusing on real-time intelligence and automation in logistics and supply chain management [7] - Delta Cargo, the air freight division of Delta Air Lines, serves over 290 destinations and transported over 11 million pieces of cargo in 2024 [9][10] Technology and Innovation - The Pulse platform utilizes Trackonomy's visibility technology to provide real-time location intelligence and proactive alerts for potential disruptions, improving operational efficiency [2][3] - Built on Trackonomy's Sentient Platform, Pulse integrates various data sources for predictive analytics and autonomous intervention, creating a self-optimizing network [3][4] Operational Impact - Pulse enables gate-level cargo visibility and real-time status updates, facilitating a seamless flow of data and enhancing tracking capabilities for air freight [4][5] - The system is currently active for DASH and DASH Critical shipments at multiple major U.S. airports, including Atlanta, New York, and Los Angeles [5][6] Customer Experience - Customers benefit from automatic real-time tracking through SmartTape tags, enhancing the visibility of their shipments without additional steps [6]
LATAM Airlines' Q3 Earnings Coming Up: What's in Store for the Stock?
ZACKS· 2025-11-11 14:46
Core Insights - LATAM Airlines Group S.A. (LTM) is set to report its third-quarter 2025 results on November 14, after market close, with a history of earnings surprises [1] - The company has outperformed the Zacks Consensus Estimate in two of the last four quarters, with an average earnings surprise of 4.04% [1][2] Financial Performance Expectations - The Zacks Consensus Estimate for LTM's Q3 2025 revenues is $3.61 billion, reflecting a year-over-year increase of 9.96% [4] - The earnings per share (EPS) estimate for Q3 2025 remains unchanged at $1.26, indicating a 26% growth compared to the previous year [4] Influencing Factors - Rising labor costs may pressure Q3 margins, with geopolitical uncertainty, tariff-related pressures, and competition expected to impact operations negatively [4][8] - The company’s lean cost structure, expanding operations, and strategic partnerships are anticipated to support performance, alongside a recovery in air travel demand post-pandemic [6] Shareholder Actions - LATAM Airlines has been actively engaging in share repurchases, which enhances investor confidence and positively affects the bottom line [7] Cost Pressures - Increased labor and airport costs are likely to adversely affect the company's bottom-line performance, despite a decrease in aircraft fuel costs year-over-year [9] Earnings Prediction Model - The current model does not predict a definitive earnings beat for LATAM Airlines, as it has an Earnings ESP of 0.00% and a Zacks Rank of 2 [10]
United Airlines seeks to end lawsuit over windowless 'window seats'
Reuters· 2025-11-11 13:18
Core Viewpoint - United Airlines is seeking to dismiss a lawsuit that alleges the airline charged passengers extra fees for "window seats" that did not actually have windows [1] Group 1 - The lawsuit claims that passengers were unfairly charged for window seats that lacked windows, leading to customer dissatisfaction [1] - United Airlines argues that the lawsuit should be dismissed, indicating a defense against the claims made by the plaintiffs [1]
Paramount cuts costs, SoftBank sells its Nvidia stake, Warren Buffett's new tradition and more in Morning Squawk
CNBC· 2025-11-11 13:07
Group 1: Market Reactions and Trends - The Senate's approval of an agreement to potentially end the government shutdown led to a surge in the three major indexes, recovering from significant losses the previous week [1][6] - The tech-heavy Nasdaq Composite experienced its largest one-day rally since May, indicating a renewed interest in the artificial intelligence sector [6] Group 2: Corporate Actions - SoftBank sold its entire stake in Nvidia for $5.83 billion, with Nvidia shares dropping nearly 2% in premarket trading [2][3] - SoftBank is shifting focus towards OpenAI while still engaging with Nvidia through AI projects like the Stargate initiative [3] - Paramount Skydance announced cost-cutting measures, including layoffs affecting approximately 1,600 employees, and plans to raise prices for its Paramount+ streaming service in Q1 2026 [4][5][7] Group 3: Air Travel Industry - Air travel is facing challenges due to the government shutdown, with over 6% of U.S. flights canceled recently [8] - Demand for private flights has increased, although the FAA has limited private flights at 12 major U.S. airports due to staffing issues [10] Group 4: Philanthropic Initiatives - Berkshire Hathaway's CEO Warren Buffett plans to accelerate the distribution of his $149 billion fortune to his children's foundations while retaining a significant amount of Class A shares to instill confidence in his successor, Greg Abel [12][13]
US Stocks Eye Mixed Open as AI Rally Cools Amid Government Funding Optimism
Stock Market News· 2025-11-11 11:07
Market Overview - U.S. stock futures indicate a mixed to slightly lower open as investors assess the sustainability of recent gains following an AI-driven rally [1][2] - The Nasdaq 100 futures are down 0.28%, S&P 500 futures dipped 0.18%, and Dow Jones futures inched 0.07% lower [2] Major Market Indexes Performance - On November 10, major U.S. market indexes rebounded significantly, with the Nasdaq Composite rising 2.27% to 23,527.17 points, marking its best day since May [4][5] - The S&P 500 climbed 1.54% to 6,832.43, recovering nearly all its previous week's losses, while the Dow Jones Industrial Average rose 0.81% to 47,368.63 points [4][5] AI Sector Dynamics - The AI sector saw a strong rebound, with Nvidia rising 5.8% on Monday, although premarket trading suggests a cooling as investors reassess valuations [10] - Other AI stocks like Alphabet gained 4% and Microsoft added 1.9%, while Palantir Technologies surged nearly 9% [10] Government Shutdown Resolution - A significant factor in the market rally was the Senate passing a bill to fund the government through January 30, 2026, which alleviated economic uncertainty [11] - This bipartisan effort has instilled optimism in the markets, although concerns remain regarding the impact of the shutdown on delayed economic data [11] Company-Specific Highlights - Metsera's shares fell after agreeing to be acquired by Pfizer for approximately $10 billion [12] - Airlines such as United Airlines and American Airlines saw their shares dip due to government-directed flight cuts related to the shutdown [12] Upcoming Market Events - Investors are monitoring key economic reports, including the NFIB Optimism Index, and remarks from Federal Reserve Governor Michael Barr for insights into monetary policy [7] - The earnings season continues, with companies like Oklo, Workhorse, and Sea Limited set to report quarterly results [8]
El Al again reports record profits
En.Globes.Co.Il· 2025-11-11 09:19
El Al Israel Airlines Ltd. (TASE:ELAL) has reported net profit of $203 million in the third quarter of 2025, up 8% from $187 million in the corresponding quarter of 2024 and a new record. The higher profit was achieved despite the return of foreign airlines to Ben Gurion airport and the reduction of El Al's market share in passenger traffic, with the decline in market share expected to continue. There are now about 60 airlines operating at Ben Gurion airport, compared with only 20 in November 2024, and El ...
Air traffic controller union leader calls freeze on federal paychecks 'un-American'
NBC News· 2025-11-11 03:45
Enough is enough. No American should ever be forced to work without a paycheck. To not pay someone for the work that they have performed is unamerican.Worth the National Air Traffic Controllers Union headquarters in Washington DC where the union president and the leadership today said enough is enough. Controllers have now gone without two paychecks and yet they are still on the job ensuring the planes take off and land safely and travel through airspace safely. And yet many of them struggling to pay the bi ...