Delta Air Lines CEO Ed Bastian said the carrier will “meaningfully reduce” its capacity growth plans in the near term as fuel costs soar, solidifying a pullback from airlines that have been roiled by a historic run-up in jet fuel due to the Middle East war. Shares were up more than 11% in premarket trading,…
A Lufthansa passenger aircraft is parked at a gate while a SASCA fuel truck services it on the apron at Toulouse Blagnac Airport in Blagnac in Occitanie in France on March 15, 2026. Isabelle Souriment | AFP | Getty Images The surging price of jet fuel isn’t the airline industry’s only problem. Now, it’s whether…
A Delta Air Lines Airbus A350 airplane lands at Los Angeles International Airport after arriving from Atlanta on March 7, 2026 in Los Angeles, California. Kevin Carter | Getty Images Delta Air Lines raised its fee for checked bags by $10 for tickets purchased starting Wednesday, the third major U.S. carrier to increase prices as…
A year after President Donald Trump declared his “liberation day” and imposed sweeping tariffs on imports, kicking off a wave of economic and political uncertainty, some companies are still feeling the effects. While some industries have emerged largely unscathed — having weathered twists and turns of several tariff iterations — others, such as retail, automotive,…
A U.S. Air Force F-15E Strike Eagle on 16 July 2020. Nurphoto | Nurphoto | Getty Images The U.S. was searching for the crew of an American fighter jet Friday after it was downed in Iran, a U.S. official told MS NOW. It isn’t clear if the plane was shot down or went down for…
United Airlines new Polaris seat on one of its Boeing 787 Dreamliners Leslie Josephs/CNBC Does it matter where you sit if you’re sipping Champagne in first class? United Airlines is betting that for some travelers looking for luxury at a discount, it doesn’t. The carrier is launching new, cheaper tiers for its top-end Polaris and…
United Airlines Bloomberg | Bloomberg | Getty Images United Airlines hiked its checked bag fee by $10 on Thursday, becoming the second U.S. carrier in less than a week to raise the fee as the industry grapples with this year’s surge in fuel costs, airlines’ biggest expense after labor. United’s new fee will be $45…
Tesla shares dropped more than 5% on Thursday after the company’s deliveries and production report for the first quarter showed a drop from the prior period, with mild growth from a year earlier. Tesla has recorded annual declines in the past two years. Here are the key numbers: Total Q1 vehicle deliveries: 358,023 Total Q1…
An electric vehicle (EV) is left to charge at a charging station in Tehran on February 23, 2026. Atta Kenare | Afp | Getty Images The sprawling Middle East crisis is expected to spur drivers to abandon traditional internal combustion engine vehicles in favor of EVs, analysts told CNBC, although early evidence suggests this will…
Mercedes-Benz USA CEO Adam Chamberlain said Tuesday that 2026 is shaping up to be more challenging than expected. “If you look at the market in the first couple of months of the year, the market environment is definitely a little tougher than we anticipated,” Chamberlain told CNBC at the company’s manufacturing plant in Vance,…
