The company's S-1 lays the groundwork for what is widely expected to be one of the largest initial public offerings of the year, second only to Uber's IPO in May. It's also...Technologyread more
Fraud investigator Harry Markopolos' accusations extended beyond GE's management to actuaries, auditors and analysts who he claims overlooked billions in liabilities.Marketsread more
Trump's tweet comes a day after Apple put out a press release describing the money it spends on U.S.-based suppliers and vendors.Technologyread more
CNBC combed through Wall Street research to see which stocks are still a buy after their earnings reports.Marketsread more
President Donald Trump held a call on Wednesday with the CEOs of three major U.S. banks, according to people with knowledge of the situation.Marketsread more
Despite aggressive strides, Waymo needs one thing before their self-driving cars become a seriously useful transportation system: people. We talked to the ones closest to it.Technologyread more
Scientists say the smoke plumes, filled with megatons of tiny, harmful particles, could travel to other areas of the world and cause serious respiratory problems for people.Weather & Natural Disastersread more
Some Weight Watchers loyalists applaud Kurbo by WW. But nutritionists worry Kurbo promotes an unhealthy relationship with food during an especially impressionable time.Health and Scienceread more
Benefits from what President Trump called "the biggest reform of all time" to the tax code have dwindled to a faint breeze just 20 months after its enactment, writes John...Politicsread more
Epstein, 66, was found in his cell in Manhattan federal lockup Saturday morning and transferred to a nearby hospital, where he was subsequently pronounced dead.Politicsread more
Air travelers faced delays at U.S. airports on Friday afternoon after a computer issue snarled processing of international arrivals.Airlinesread more
With "robo-taxis" being tested without drivers in cities around the world, you knew it would only be a matter of time until someone suggested a commercial airplane could fly without a pilot.
While there could be enormous cost savings for airlines, and perhaps consumers, would anyone want to take a flight without a pilot in the cockpit?
At least that's the conclusion reached by a new survey of 8,000 people in the U.S., Europe and Australia. UBS commissioned the survey in June and found just 17 percent would be willing to fly on a pilotless plane. By comparison, more than half said they would be unlikely to buy a ticket.
Considering every person has their price where something is so cheap they can't pass up the offer, UBS asked consumers how much cheaper a pilotless flight ticket would need to be for them to get on board without a crew in the cockpit.
"Perhaps surprisingly, half the respondents said they would not buy the pilotless ticket even if it was cheaper," said UBS Evidence Lab report.
The results come at a time when airlines around the world face a shortage of pilots due to the addition of flights and the fact many pilots are retiring. That combination is driving up costs and forcing airlines to pay more to keep pilots and to attract new ones.
In fact, airlines in China and the Middle East, where the airline industry is growing far faster than in Europe and the U.S., are readily paying hefty bonuses to hire pilots.
UBS estimates the industry could save $35 billion and pass the savings along to passengers through lower fares if airlines could operate pilotless planes. The technology to do so could be developed by 2025, according to the report.
Still, passengers and regulators would have to become comfortable with the idea of nobody sitting in the cockpit, which would be a dramatic change from the current rules for much of the world, which require at least two people in the cockpit at all times.
UBS researchers admit cargo planes would be more likely than commercial airlines to try pilotless flights.
"Unlike passengers, cargo is not concerned with the status of its pilots (human or autonomous). For this reason, pilotless cargo aircraft may happen more swiftly than for passengers," the report concluded.