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First-class seats are getting so fancy they’re holding up new airplanes

First-class seats are getting so fancy they’re holding up new airplanes

Business News

A Lufthansa First Class “Allegris” cabin, which was set up outside the show.  Peter Kneffel | Picture Alliance | Getty Images Heated or cooled seats. Ultra-high-definition TV screens. Benches. Convertible beds. All-aisle access. And of course, the coveted privacy door. Ever-more luxurious first- and business-class cabins that have hundreds of parts and require regulator approval […]

First-class seats are getting so fancy they’re holding up new airplanes Read More »

Elon Musk says he’s sending Starlink tech to FAA while saying, without evidence, that air safety is ‘at risk’

Elon Musk says he’s sending Starlink tech to FAA while saying, without evidence, that air safety is ‘at risk’

Business News

An American Airlines Airbus A319 airplane takes off past the air traffic control tower at Ronald Reagan Washington National Airport in Arlington, Virginia, January 11, 2023 Saul Loeb | AFP | Getty Images Elon Musk said Thursday that he’s sending his Starlink satellite internet terminals to the Federal Aviation Administration while saying, without providing evidence,

Elon Musk says he’s sending Starlink tech to FAA while saying, without evidence, that air safety is ‘at risk’ Read More »

After abrupt departure of Lucid CEO, here are the EV maker’s top priorities

After abrupt departure of Lucid CEO, here are the EV maker’s top priorities

Business News

Lucid Motors CEO Peter Rawlinson poses at the Nasdaq MarketSite as Lucid Motors (Nasdaq: LCID) begins trading on the Nasdaq stock exchange after completing its business combination with Churchill Capital Corp IV in New York City, New York, July 26, 2021. Andrew Kelly | Reuters Shares of electric vehicle maker Lucid Group were down more

After abrupt departure of Lucid CEO, here are the EV maker’s top priorities Read More »

GM raises quarterly dividend, initiates billion stock buyback

GM raises quarterly dividend, initiates $6 billion stock buyback

Business News

DETROIT – General Motors is raising its quarterly dividend and initiating a new $6 billion share repurchase program as the company attempts to reward investors amid slowing industry sales and profits. GM announced Wednesday it is increasing its quarterly dividend by 25% to 15 cents per share — matching that of crosstown rival Ford Motor.

GM raises quarterly dividend, initiates $6 billion stock buyback Read More »

Lucid CEO steps down; EV maker plans to more than double production in 2025

Lucid CEO steps down; EV maker plans to more than double production in 2025

Business News

Brand new Lucid electric cars sit parked in front of a Lucid Studio showroom in San Francisco on May 24, 2024. Justin Sullivan | Getty Images Electric vehicle maker Lucid Group on Tuesday said CEO Peter Rawlinson is stepping down as the company expects to more than double vehicle production this year to 20,000 units.

Lucid CEO steps down; EV maker plans to more than double production in 2025 Read More »

Rivian beats Wall Street’s fourth-quarter expectations, but expects lower deliveries in 2025

Rivian beats Wall Street’s fourth-quarter expectations, but expects lower deliveries in 2025

Business News

Rivian Automotive beat Wall Street’s fourth-quarter earnings expectations and achieved its first gross quarterly profit – a target closely watched by investors – but is forecasting lower sales in 2025. The electric vehicle maker reported a gross profit, which includes production and sales but does not factor in other expenses, of $170 million during the

Rivian beats Wall Street’s fourth-quarter expectations, but expects lower deliveries in 2025 Read More »

Trump is ‘not happy’ with Boeing over Air Force One delays, but airlines are growing upbeat

Trump is ‘not happy’ with Boeing over Air Force One delays, but airlines are growing upbeat

Business News

Boeing 737s on the ground in Renton, Washington. Leslie Josephs | CNBC President Donald Trump expressed frustration in recent days about the long wait for a pair of Boeing 747s that will serve as the new Air Force One planes. The planes are years behind schedule. Trump negotiated the $4 billion contract for the aircraft

Trump is ‘not happy’ with Boeing over Air Force One delays, but airlines are growing upbeat Read More »

Carvana expects another ‘strong’ year after topping fourth-quarter expectations

Carvana expects another ‘strong’ year after topping fourth-quarter expectations

Business News

A Carvana sign and signature vending machine in Tempe, Arizona. Michael Wayland | CNBC Carvana topped Wall Street’s top- and bottom-line expectations for the fourth quarter, while guiding for another “strong” year in 2025. Carvana, as it has in the past, gave a broad guidance outlook for this year that includes growth in both retail

Carvana expects another ‘strong’ year after topping fourth-quarter expectations Read More »

Government travel has ‘fallen off’ since Trump inauguration, United Airlines says

Government travel has ‘fallen off’ since Trump inauguration, United Airlines says

Business News

A United Airlines plane takes off from Ronald Reagan Washington National Airport in Arlington, Virginia, on November 23, 2021. Drew Angerer | Getty Images United Airlines says travel demand has been resilient lately — except from the U.S. government. Government travel “has fallen off here post-inauguration,” United’s Chief Financial Officer Mike Leskinen said at a

Government travel has ‘fallen off’ since Trump inauguration, United Airlines says Read More »

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