Your JetBlue frequent flier points will now never expire, with the airline rolling out a new policy Monday. Most carriers delete miles after 18 to 24 months of inactivity.» Read More
Inflation data and the Fed's meeting minutes could be two big drivers for the markets today. So far, stocks look weak-to-flat ahead of the opening after yesterday's late-day rise to yet another record level. Hewlett-Packard is trading lower in Europe after reporting earnings after the bell yesterday. Wall Street is apparently unhappy with its outlook, after its report of a 26% rise in profits on strong printer and PC sales.
Congress wants to mandate compensation for airline passengers who suffer delays. JetBlue's CEO says it would be heavy-handed and not meet the needs of customers, while one airline industry analysts says Congress doesn't have a clue because the government-run air traffic control system routinely causes lengthy delays.
Stocks closed higher as comments from a Fed governor added to positive sentiment, building on gains from merger activity and Wal-Mart's better than expected profits. A drop in oil prices sent buyers into consumer stocks and other sectors that benefit from falling energy prices.
After a drastic reboot of its flight schedule, JetBlue Airways made its first moves toward rebuilding its tarnished reputation, saying it would spend up to $30 million on new procedures for operations disruptions and introduce a customer bill of rights.
A one-day ordeal for passengers is just the start of a six-day debacle for the airline. The popular low-cost carrier tries to manage a public relations nightmare and return to normal operations.
Who doesn’t love a long weekend? I can’t think of too many, and that goes double for those of us who slave away on the morning shift. ...And yet, there’s a sense of dread as well. Those charged with planning a morning show like “Squawk Box,” for instance, are essentially flying blind. Basically, there you are on Friday afternoon trying to figure out what will be relevant on Tuesday morning. Luckily, the news gods (or the late presidents whose holiday gave us Monday off) were smiling upon us.
History shows that outraged citizens tend to drive reforms -- fast. It's no different with publicly traded companies -- like JetBlue Airways. David Neeleman, CEO of the beleaguered carrier, returned to CNBC to explain how his "Bill of Rights" may prevent last week's nightmare from recurring.
Stocks are waffling on the opening and look set to open flat to lower. Traders are picking through headlines on mergers and earnings news, including weaker-than-expected results from Home Depot. Wal-Mart also reported profits this morning, and merger news is making headlines as Wall Street reviews the long awaited marriage of Sirius and XM Satellite radio, announced yesterday.
JetBlue called off almost a quarter of its flights for Monday, but hoped that would be the last round of cancellations as it struggles to recover from the snowstorm that saw some travelers sitting on grounded planes for hours.
Driven by soothing words from the Fed Chairman and the market's own mania for deals, stocks closed out last week on a high note. This week, traders will be ready to pounce on any news that will reinforce the view that the Fed might cut rates this year after all.
Mergers and would be-mergers, housing starts and producer prices could all influence the market today. Stocks look a bit weak on the opening after clinging to small gains yesterday that put the Dow at another record.
A day after the worst public relations setback in JetBlue Airways' brief seven-year history, the chief executive of the upstart airline told CNBC the situation "spiraled out of control" as passengers were left waiting on planes for more than 10 hours due to bad weather.
The chief executive of JetBlue Airways apologized on CNBC for his company's handling of major flight delays in New York Wednesday and said the debacle will cost the carrier millions of dollars. "We didn't handle it well," CEO David Neeleman said during an interview on CNBC's "Closing Bell."
The "Bill of Rights" Kate Hanni supports doesn't concern free speech or search-and-seizure: it's more about breathable air and sanitary rest rooms -- and being released from a grounded airplane in no more than three hours. Hanni is the chairwoman of the Coalition for Airline Passengers, and she joined "Closing Bell" to talk about the aftermath of last night's grueling JetBlue faux pas -- and what she hopes will come of it.
The Dow Jones Industrials closed at another record high as positive momentum trumped a weak manufacturing report. "The markets are floating on a sea of liquidity, but the real driver of this market is the increasing risk appetite of investors." Jeffrey Saut, Chief Investment Strategist at Raymond James, told CNBC.com.
Stocks are grounded for now, after flying high yesterday on Fed Chairman Ben Bernanke's soothing comments about inflation. The markets look flat to mixed ahead of the open and a bunch of economic data. More testimony from Bernanke and several key data points could determine direction.
Most people have encountered professional challenges of one kind or another. But as any successful entrepreneur will tell you, success comes after you master the art of making lemonade, so to speak. On today’s “Squawk Box," CNBC spoke with three high-profile business leaders who prevailed after suffering a serious setback.
JetBlue, the No. 8 U.S. carrier by passenger traffic, posted a net profit of $17 million, or 10 cents a share, compared with a loss of $42 million, 25 cents a share.
A flurry of consolidation talk has fueled airline stocks the last few weeks. But what's it all mean for the airlines as we head into 2007? On "Morning Call" Roger King--airline analyst at Credit Sights and Ray Neidl of Calyon Securities gave their take--and gave their favorite stock recommendations.
JetBlue Airwayssaid it expects to increase its capacity by 13% to 15% in the fourth quarter.