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JFK airport’s .5 billion international terminal is taking shape. See what’s inside

JFK airport’s $9.5 billion international terminal is taking shape. See what’s inside

The future ticket counter at JFK’s new Terminal 1. Leslie Josephs/CNBC It’s far from finished but the new, $9.5 billion Terminal 1 at John F. Kennedy International Airport in New York City is taking shape. Its first phase is slated to open in mid-2026. It will replace the current terminal, which opened in 1998. The […]

JFK airport’s $9.5 billion international terminal is taking shape. See what’s inside Read More »

United Airlines flight attendants reject contract with immediate raises of at least 26%

United Airlines flight attendants reject contract with immediate raises of at least 26%

United Airline flight attendants picketed outside Terminal B at Logan Airport, seeking a new contract. John Tlumacki | Boston Globe | Getty Images United Airlines flight attendants voted down a new labor contract that called for immediate raises of at least 26% and other quality-of-life improvements, their union said Tuesday. The flight attendants’ last raise

United Airlines flight attendants reject contract with immediate raises of at least 26% Read More »

Spirit Airlines to furlough 270 pilots, downgrade more than 100 others as it prepares to cut flights

Spirit Airlines to furlough 270 pilots, downgrade more than 100 others as it prepares to cut flights

A Spirit Airlines Airbus A320 taxis at Los Angeles International Airport after arriving from Boston on September 1, 2024 in Los Angeles, California. Kevin Carter | Getty Images News | Getty Images Spirit Airlines said Monday that it will furlough 270 pilots this fall as the carrier prepares for a smaller off-season schedule to try

Spirit Airlines to furlough 270 pilots, downgrade more than 100 others as it prepares to cut flights Read More »

Firefly Aerospace sets IPO range that would value rocket maker at .5 billion

Firefly Aerospace sets IPO range that would value rocket maker at $5.5 billion

Firefly Aerospace CEO Jason Kim sits for an interview at the Firefly Aerospace mission operations center in Leander, Texas, on July 9, 2025. Sergio Flores | Reuters Firefly Aerospace will price shares at $35 to $39 each in its upcoming initial public offering, a deal that would value the rocket maker at about $5.5 billion.

Firefly Aerospace sets IPO range that would value rocket maker at $5.5 billion Read More »

‘He’s showing up.’ Things are getting better at Boeing under CEO Ortberg. Can he keep it going?

‘He’s showing up.’ Things are getting better at Boeing under CEO Ortberg. Can he keep it going?

FAA chief Steve Dickson flies a Boeing 737 MAX, from Boeing Field on September 30, 2020 in Seattle, Washington. Mike Siegel | Getty Images After spiraling from crisis to crisis over much of the past seven years, Boeing is stabilizing under CEO Kelly Ortberg’s leadership. Ortberg, a longtime aerospace executive and an engineer whom the

‘He’s showing up.’ Things are getting better at Boeing under CEO Ortberg. Can he keep it going? Read More »

Trump says he won’t ‘destroy’ Musk’s companies by taking away subsidies

Trump says he won’t ‘destroy’ Musk’s companies by taking away subsidies

Elon Musk receives a golden key from U.S. President Donald Trump in the Oval Office at the White House in Washington, D.C., U.S., May 30, 2025. REUTERS/Nathan Howard Nathan Howard | Reuters President Donald Trump on Thursday denied claims that he wants to wreck Elon Musk’s companies and their work with the U.S. government. “Everyone

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Southwest profit drops, but airline says travel demand has stabilized

Southwest profit drops, but airline says travel demand has stabilized

Southwest Airlines on Wednesday posted second-quarter earnings and revenue that fell short of Wall Street’s estimates but said travel demand has stabilized, echoing other airlines in recent weeks. Shares fell roughly 9% on Thursday morning. The airline also announced a new $2 billion share buyback. Here’s how Southwest performed in the second quarter compared with Wall

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American Airlines scales back 2025 profit outlook as third-quarter forecast falls short

American Airlines scales back 2025 profit outlook as third-quarter forecast falls short

American Airlines shares slumped Thursday after the carrier’s third-quarter profit forecast fell short of Wall Street’s expectations and it reinstated its 2025 financial forecast well below its outlook at the start of the year. CEO Robert Isom told CNBC’s “Squawk Box” that the results are driven by consumer weakness, flat corporate travel demand that continued

American Airlines scales back 2025 profit outlook as third-quarter forecast falls short Read More »

Tesla shares drop 6% in premarket trading after auto sales plunge again

Tesla shares drop 6% in premarket trading after auto sales plunge again

Elon Musk, during a news conference with President Donald Trump, inside the Oval Office at the White House in Washington on May 30, 2025. Tom Brenner | The Washington Post | Getty Images Tesla shares fell 6% in premarket trading on Thursday after the company reported a second straight quarter of declining automotive sales. Elon

Tesla shares drop 6% in premarket trading after auto sales plunge again Read More »

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