China is building massive domestic spying capabilities. The U.S. is showing signs of targeting that surveillance and the tech supporting it.Technologyread more
Pro-EU parties are set to hold onto two-thirds of the seats at the EU Parliament.Europe Politicsread more
The projected result comes shortly after Conservative Party leader Theresa May announced her resignation as prime minister on Friday morning.Europe Politicsread more
A Beijing decision to rapidly and sharply cut its excessive and unsustainable trade surplus with the U.S. would change for the better the bilateral relationship, writes...World Economyread more
Former Apple CEO John Sculley says this skill is vital to all great business leadership.Successread more
Prime Minister Narendra Modi has to make sure that India becomes a highly competitive manufacturing hub where global investors will look to invest, the chairman of India...Asia Economyread more
The U.S. and Japan will likely reach a trade settlement in the next six to nine months that will "give each side something to claim credit for," says Glen Fukushima, former...World Economyread more
Bitcoin surged more than 9% from the day before to hit its highest level in more than a year.Technologyread more
Stocks in Asia were mixed Monday morning as investors watched for developments from U.S. President Donald Trump's state visit to Japan as well as results from the European...Asia Marketsread more
Sources say the talks have picked up speed in recent days and could lead to an announcement regarding a merger or partnership by Monday.Autosread more
Biden had criticized Kim Jong Un as a "dictator" and a "tyrant" at a recent rally in Philadelphia. North Korean state media responded by calling Biden a "fool of low IQ" among...Politicsread more
The 16-day federal government shutdown in October will be a headwind at Southwest Airlines in the final three months of the year, Chairman and CEO Gary Kelly told CNBC on Thursday—right after the carrier reported third-quarter earnings in-line with Wall Street expectations.
Southwest is still looking for an "increase in unit revenues in October, although not as high as it would have been had the government not shut down," Kelly said in a "Squawk Box " interview.
In the third quarter, Southwest earned 34 cents a share excluding one-time items on revenues of $4.5 billion. Both numbers matched expectations.
"Consumers were out there buying and flying," Kelly said. "We were having a grand time until the government shut down in October, but we're still looking at a very good fourth quarter."
(Read more: Earnings Central)
Booking demand for the holidays looks "really strong" in November and December, he said: "We had two quarters in a row of very stable fuel prices. … We're [also] looking for another stable quarter in the fourth quarter."
While fuel prices are expected to be stable, they are still high, and Southwest is still adjusting fares accordingly, Kelly said. "Fares are up year-over-year probably 5 to 6 percent," he added.
But Kelly advised passengers to book early for the lowest ticket prices. "You'll get a great fare. We are the low-fare policeman in the country," he said.
As for the merger integration with Airtran, Kelly said, "We are right on track. Our plan was always to have Airtran fully integrated by the end of next year."
He also said plans to add international service at Southwest are on track in 2014.