The biggest U.S. gasoline price surge in years is running out of steam just in time for the start of the summer driving season.Energyread more
Stocks rose on Friday, but notched weekly losses as investors worried the U.S.-China trade war is hurting economic growth.US Marketsread more
The combination of mounting recession fears, bets on a more cautious Fed and a regular uptick in market volatility could spell more losses.Marketsread more
The therapy, Zolgensma, is a one-time treatment for spinal muscular atrophy — a muscle-wasting disease and leading genetic cause of infant mortality, affecting 1 in every...Biotech and Pharmaceuticalsread more
SpaceX has raised just over $1 billion in financing since the beginning of the year.Investing in Spaceread more
An analyst for Ark Invest, which has a major investment in Tesla, says recent drastic price-target cuts by others on Wall Street are missing the big picture.Investingread more
A federal judge in California has blocked President Donald Trump from building sections of his long-sought border wall with money secured under his declaration of a national...Politicsread more
Former Foreign Minister Boris Johnson is seen as the bookmaker's favorite to succeed outgoing Prime Minister Theresa May.Europe Politicsread more
The race is underway to find a vaccine that can control African swine fever, a highly contagious and deadly viral infection ravaging China's hog population. There is currently...Agricultureread more
Apple bought Tueo Health, which was developing tech to help parents monitor asthma symptoms in children, using a mobile app and commercial breathing sensors.Technologyread more
No advance seat assignments. No upgrades. No same-day ticket changes. A lot of passengers don't like basic economy, airlines' no-frills product. That's exactly why Delta Air Lines is taking it global next year.
Given the choice, half of Delta passengers who are considering basic economy pay for the regular main cabin fare, the No. 2 U.S. airline's CEO, Ed Bastian, told CNBC. Regular economy tickets on the carrier cost about $30 to $40 more than basic economy.
Bastian's estimate on passengers' opting for the more expensive main cabin fare echoed what American Airlines revealed last month.
Many customers don't want basic economy "when they see what exactly it is," Delta's president, Glen Hauenstein, told investors Wednesday.
"Really the success of that product isn't how many people buy it, in our mind, but how many people don't buy it and choose another product," he said, after the company reported better-than-expected profits for a quarter plagued by deadly hurricanes. "And that's really where we're focused."
The upsell is important for airlines because they are trying to at once compete with low-cost carriers such as Spirit and wring more money from passengers. U.S. airlines took in more than $4 billion from checked-baggage fees last year, for example.
On the other end of coach, Delta is also offering premium economy seats, which offer more legroom and Tumi amenities kits.