United Airlines cancels all 737 Max flights through early July

United Airlines has extended cancellations of the Boeing 737 Max through early July, following similar moves by other major airlines coping with the jet’s prolonged grounding. American Airlines said Sunday it will cancel all Max flights through Aug. 19. On Friday, Southwest Airlines removed the Max jet from its schedule through Aug. 5. United had previously cancelled Max flights through June 5. The widespread cancellations come after the Max’s anti-stall software was implicated in two fatal cras


United Airlines has extended cancellations of the Boeing 737 Max through early July, following similar moves by other major airlines coping with the jet’s prolonged grounding. American Airlines said Sunday it will cancel all Max flights through Aug. 19. On Friday, Southwest Airlines removed the Max jet from its schedule through Aug. 5. United had previously cancelled Max flights through June 5. The widespread cancellations come after the Max’s anti-stall software was implicated in two fatal cras
United Airlines cancels all 737 Max flights through early July Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-15  Authors: emma newburger, katherine frey, the washington post, getty images
Keywords: news, cnbc, companies, widespread, united, cancellations, flights, aug, southwest, early, similar, software, airlines, 737, max, cancels


United Airlines cancels all 737 Max flights through early July

United Airlines has extended cancellations of the Boeing 737 Max through early July, following similar moves by other major airlines coping with the jet’s prolonged grounding.

American Airlines said Sunday it will cancel all Max flights through Aug. 19. On Friday, Southwest Airlines removed the Max jet from its schedule through Aug. 5. United had previously cancelled Max flights through June 5.

The widespread cancellations come after the Max’s anti-stall software was implicated in two fatal crashes in Ethiopia and Indonesia since October.


Company: cnbc, Activity: cnbc, Date: 2019-04-15  Authors: emma newburger, katherine frey, the washington post, getty images
Keywords: news, cnbc, companies, widespread, united, cancellations, flights, aug, southwest, early, similar, software, airlines, 737, max, cancels


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American Airlines cancels all 737 Max flights through August 19

American Airlines is extending cancellations for the Boeing 737 Max aircraft through August 19, a key summer travel period, as the jets remain grounded. The cancellations amount to about 115 flights per day, roughly 1.5% of American’s total flying per day in the summer, the airline said. Boeing has slowed production and stopped deliveries as it works on a software fix. United has canceled Max flights through June 5. As major airlines continue to extend cancellations, Boeing said Thursday that it


American Airlines is extending cancellations for the Boeing 737 Max aircraft through August 19, a key summer travel period, as the jets remain grounded. The cancellations amount to about 115 flights per day, roughly 1.5% of American’s total flying per day in the summer, the airline said. Boeing has slowed production and stopped deliveries as it works on a software fix. United has canceled Max flights through June 5. As major airlines continue to extend cancellations, Boeing said Thursday that it
American Airlines cancels all 737 Max flights through August 19 Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-14  Authors: emma newburger, shannon stapleton
Keywords: news, cnbc, companies, cancels, max, american, remain, boeing, 19, software, cancellations, travel, fix, summer, flights, 737, airlines


American Airlines cancels all 737 Max flights through August 19

American Airlines is extending cancellations for the Boeing 737 Max aircraft through August 19, a key summer travel period, as the jets remain grounded.

The cancellations amount to about 115 flights per day, roughly 1.5% of American’s total flying per day in the summer, the airline said. They come after the Max’s anti-stall software was implicated in an Ethiopian crash in March that killed 157 people.

It’s unclear when the Max, which has been grounded since mid-March, will return. Boeing has slowed production and stopped deliveries as it works on a software fix.

On Friday, Southwest Airlines removed the Max jet from its schedule through Aug. 5. United has canceled Max flights through June 5.

“We remain confident that the impending software updates, along with the new training elements Boeing is developing for the MAX, will lead to recertification of the aircraft soon,” American CEO Doug Parker and President Robert Isom wrote in a letter to employees Sunday.

Parker also said canceling the flights now will help the airline plan for its busiest travel season of the year.

As major airlines continue to extend cancellations, Boeing said Thursday that it’s completed 96 flights with the new Max software fix. The planemaker will likely submit the fix to Federal Aviation Administration regulators within the next couple weeks.


Company: cnbc, Activity: cnbc, Date: 2019-04-14  Authors: emma newburger, shannon stapleton
Keywords: news, cnbc, companies, cancels, max, american, remain, boeing, 19, software, cancellations, travel, fix, summer, flights, 737, airlines


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India’s Jet Airways cancels all international flights as debt problems deepen

The debt-swamped Indian airline Jet Airways has canceled all of its international flights on Friday. With aircraft leasing firms going unpaid, the number of planes operating under the Jet Airways name has collapsed. Middle East airline Etihad, which holds a 12% share in Jet Airways, has reportedly expressed an interest in upping its stake. India’s Aviation Minister, Suresh Prabhu, took to Twitter to say he would “review issues related to Jet Airways” and take “necessary steps to minimise passeng


The debt-swamped Indian airline Jet Airways has canceled all of its international flights on Friday. With aircraft leasing firms going unpaid, the number of planes operating under the Jet Airways name has collapsed. Middle East airline Etihad, which holds a 12% share in Jet Airways, has reportedly expressed an interest in upping its stake. India’s Aviation Minister, Suresh Prabhu, took to Twitter to say he would “review issues related to Jet Airways” and take “necessary steps to minimise passeng
India’s Jet Airways cancels all international flights as debt problems deepen Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-12  Authors: david reid, prasad gori, hindustan times, getty images
Keywords: news, cnbc, companies, cancels, problems, planes, jet, operating, deepen, services, international, indias, airways, debt, website, london, indian, flights, airline


India's Jet Airways cancels all international flights as debt problems deepen

The debt-swamped Indian airline Jet Airways has canceled all of its international flights on Friday.

According to its own website, flights scheduled to depart today from Delhi to Singapore, London, Amsterdam and Kathmandu have all been axed. Heathrow to Delhi and Mumbai services have also been canceled, according to the London airport’s website.

The airline has run out of cash, forcing pilots to go without salaries for months and causing failed payments to companies that lease aircraft, as well as defaults on other loans.

With aircraft leasing firms going unpaid, the number of planes operating under the Jet Airways name has collapsed. On Thursday local media reported that the airline had grounded ten more planes due to unpaid leasing fees and was now only operating 14 planes for international flights.

Illustrating the point, flight tracking website Flightradar24 has published a tweet showing the steady reduction in international services being offered by Jet Airways over the last 12 months.

In an emailed statement to CNBC, the public relations team for Jet Airways in the United Kingdom confirmed the cancellations between London and India for Friday. There was no indication if services would soon return to normal.

The statement said that the airline was working to minimize inconvenience to passengers and “in line with regulatory guidelines” was “offering re-accommodation choices or extending applicable refunds as the situation warrants.”

It added that at a corporate level, the airline’s management and key stakeholders were continuing to “work closely towards resolving the current situation.”

Estimates puts the carrier’s debt pile at more than $1 billion and in January it was revealed that it had defaulted on loans, including those to the government-owned State Bank of India (SBI).

In March, the airline’s founder, Naresh Goyal, stepped down as chairman, handing majority control to a consortium of Indian lenders led by the SBI.

On Wednesday, the lenders extended a deadline for outside bidders to take a stake of up to 75% in the airline. Initial interest bidders have until the end of today with binding bids wanted in place by the end of April, according to a notice on the SBI Capital Markets website.

Middle East airline Etihad, which holds a 12% share in Jet Airways, has reportedly expressed an interest in upping its stake. Rules dictate that foreign entities can own no more than 49% of an Indian airline.

India’s Aviation Minister, Suresh Prabhu, took to Twitter to say he would “review issues related to Jet Airways” and take “necessary steps to minimise passenger inconvenience and ensure their safety”.

Jet Airways had its first flight in May 1993, operating primarily out of Mumbai. Its latest official figures put the number of employees at more than 17,000.

Domestically, it is now India’s third-largest private airline after IndiGo and Spice Jet, holding a 10% passenger market share during February 2019.


Company: cnbc, Activity: cnbc, Date: 2019-04-12  Authors: david reid, prasad gori, hindustan times, getty images
Keywords: news, cnbc, companies, cancels, problems, planes, jet, operating, deepen, services, international, indias, airways, debt, website, london, indian, flights, airline


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Google cancels A.I. ethics panel after uproar

Google has nixed its panel for discussing AI issues, one week after it was announced. Specifically, some people wondered why Kay Coles James, president of the conservative Heritage Foundation, was included on the council. More than 2,300 Google employees signed a petition calling for Google to take Coles James off the council. “I wish Google had never asked Mrs. Coles James to advise it. Google employees also pushed back against Google’s collaboration with the U.S. military around artificial int


Google has nixed its panel for discussing AI issues, one week after it was announced. Specifically, some people wondered why Kay Coles James, president of the conservative Heritage Foundation, was included on the council. More than 2,300 Google employees signed a petition calling for Google to take Coles James off the council. “I wish Google had never asked Mrs. Coles James to advise it. Google employees also pushed back against Google’s collaboration with the U.S. military around artificial int
Google cancels A.I. ethics panel after uproar Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-04  Authors: jordan novet, carsten koall, getty images news, getty images
Keywords: news, cnbc, companies, council, ai, panel, coles, university, work, uproar, technology, cancels, ethics, google, employees, james, googles


Google cancels A.I. ethics panel after uproar

Google has nixed its panel for discussing AI issues, one week after it was announced.

The sudden shift is a sign of change coming after employees at technology companies speaking out against actions their employers are taking. Vox was first to report on the move on Thursday.

Google named the constituents of its Advanced Technology External Advisory Council on March 26. “This group will consider some of Google’s most complex challenges that arise under our AI Principles, like facial recognition and fairness in machine learning, providing diverse perspectives to inform our work,” Google’s senior vice president of global affairs, Kent Walker, said in a blog post.

Walker said that the group would meet four times this year and that it would issue a report on the conversations.

Employees and outsiders quickly questioned the makeup of the board. Specifically, some people wondered why Kay Coles James, president of the conservative Heritage Foundation, was included on the council.

More than 2,300 Google employees signed a petition calling for Google to take Coles James off the council. The petition described her as “vocally anti-trans, anti-LGBTQ, and anti-immigrant.”

On March 30, Alessandro Acquisti, professor of information technology and public policy at Carnegie Mellon University and one of the people Google selected for the panel, announced that he had chosen not to participate.

And on Wednesday, Luciano Floridi, professor of philosophy and ethics of information at the University of Oxford and another person Google chose for the council, said that while he did not agree with the views of Coles James and the Heritage Foundation, he also felt he should nevertheless be involved.

“I wish Google had never asked Mrs. Coles James to advise it. But now that it has, since it has also asked for my own advice, I shall double my efforts and, insofar as a I can, help support the voice of reason and knowledge, and foster tolerance and mutual respect for individual choices and human diversity,” he wrote in a Facebook post.

On Thursday evening, Google canceled the whole project.

“It’s become clear that in the current environment, ATEAC can’t function as we wanted. So we’re ending the council and going back to the drawing board,” Google said in a statement affixed to the top of the announcement on Thursday. “We’ll continue to be responsible in our work on the important issues that AI raises, and will find different ways of getting outside opinions on these topics.”

Google employees also pushed back against Google’s collaboration with the U.S. military around artificial intelligence, and the company decided not to renew the contract. Additionally, Google said it wouldn’t submit a bid for a $10 billion contract for cloud work with the Defense Department.

Microsoft and Salesforce employees have also reacted to their companies’ actions in the past couple of years.

WATCH: Google: Pleased to have productive conversations with Trump


Company: cnbc, Activity: cnbc, Date: 2019-04-04  Authors: jordan novet, carsten koall, getty images news, getty images
Keywords: news, cnbc, companies, council, ai, panel, coles, university, work, uproar, technology, cancels, ethics, google, employees, james, googles


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Apple cancels AirPower, the wireless charging pad it announced over a year ago

AirPower was first announced in 2017 alongside the iPhone X and iPhone 8, the first Apple phones to support wireless charging. AirPower was planned to be a wireless charger for Apple products that allowed users to fill up their batteries by simply placing their device on the mat. However, Apple users can still wirelessly charge their phones using charging mats from other makers that use the Qi wireless charging standard. A new version of AirPods with wireless charging capability was released thi


AirPower was first announced in 2017 alongside the iPhone X and iPhone 8, the first Apple phones to support wireless charging. AirPower was planned to be a wireless charger for Apple products that allowed users to fill up their batteries by simply placing their device on the mat. However, Apple users can still wirelessly charge their phones using charging mats from other makers that use the Qi wireless charging standard. A new version of AirPods with wireless charging capability was released thi
Apple cancels AirPower, the wireless charging pad it announced over a year ago Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-29  Authors: kif leswing, david paul morris, bloomberg, getty images
Keywords: news, cnbc, companies, youtube, charging, wirelessly, users, iphone, airpower, cancels, wireless, pad, apple, phones, week, ago, announced


Apple cancels AirPower, the wireless charging pad it announced over a year ago

“This is a major black eye for Apple. A product that was touted by Tim Cook himself never even makes the shelves, it’s a complete shocker,” Wedbush Securities analyst Dan Ives said. “Does not move the needle financially speaking but it’s a hit to the golden Apple brand.”

AirPower was first announced in 2017 alongside the iPhone X and iPhone 8, the first Apple phones to support wireless charging. At the time, Apple said it would launch in 2018 but it never did.

AirPower was planned to be a wireless charger for Apple products that allowed users to fill up their batteries by simply placing their device on the mat.

However, Apple users can still wirelessly charge their phones using charging mats from other makers that use the Qi wireless charging standard.

A new version of AirPods with wireless charging capability was released this week. Its packaging mentioned AirPower.

Apple shares were up about half a percentage point in late-day trading, and the announcement did not move the stock.

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Company: cnbc, Activity: cnbc, Date: 2019-03-29  Authors: kif leswing, david paul morris, bloomberg, getty images
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Icelandic airline Wow Air collapses and cancels all flights

Iceland’s low cost carrier Wow Air has canceled all flights and told passengers to book with other airlines. Its website has a travel alert that begins: “Wow Air has ceased operation. All Wow Air flights have been canceled.” In November, it was announced that Icelandair Group, the holding company of rival carrier Icelandair, would acquire the entire share capital of Wow Air but that proposal fell apart within weeks. Founded by chief executive Skuli Mogensen, Wow Air took off for the first time i


Iceland’s low cost carrier Wow Air has canceled all flights and told passengers to book with other airlines. Its website has a travel alert that begins: “Wow Air has ceased operation. All Wow Air flights have been canceled.” In November, it was announced that Icelandair Group, the holding company of rival carrier Icelandair, would acquire the entire share capital of Wow Air but that proposal fell apart within weeks. Founded by chief executive Skuli Mogensen, Wow Air took off for the first time i
Icelandic airline Wow Air collapses and cancels all flights Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-28  Authors: david reid, joel saget, afp, getty images
Keywords: news, cnbc, companies, cancels, passengers, icelandair, wow, collapses, flights, travel, rival, icelandic, weeksfurther, air, alert, airline, carrier


Icelandic airline Wow Air collapses and cancels all flights

Iceland’s low cost carrier Wow Air has canceled all flights and told passengers to book with other airlines.

Its website has a travel alert that begins: “Wow Air has ceased operation. All Wow Air flights have been canceled.”

The alert said people who wanted to travel should now look for “so-called rescue fares” which may now be offered by rival airlines.

Wow added that those who made bookings by credit card or via a European travel agent should try to get their money back through those businesses. It said some passengers may be entitled to compensation from the airline itself.

In November, it was announced that Icelandair Group, the holding company of rival carrier Icelandair, would acquire the entire share capital of Wow Air but that proposal fell apart within weeks.

Further talks between the two airlines ended Sunday.

Founded by chief executive Skuli Mogensen, Wow Air took off for the first time in 2012.

The carrier employed more than 1,000 people by 2018 and in the same year carried around 3.5 million passengers in its 11 aircraft.


Company: cnbc, Activity: cnbc, Date: 2019-03-28  Authors: david reid, joel saget, afp, getty images
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NASA cancels 1st all-female spacewalk due to ‘spacesuit availability’

NASA astronauts Anne McClain and Christina Koch were set to make history on March 29th as the first all-female crew to perform a spacewalk at the International Space Station. But NASA has announced that the spacewalk has been delayed, “due in part to spacesuit availability on the station.” It was during this spacewalk that NASA says McClain learned “that a medium-size hard upper torso – essentially, the shirt of the spacesuit – fits her best.” But since only one medium-size torso suit will be re


NASA astronauts Anne McClain and Christina Koch were set to make history on March 29th as the first all-female crew to perform a spacewalk at the International Space Station. But NASA has announced that the spacewalk has been delayed, “due in part to spacesuit availability on the station.” It was during this spacewalk that NASA says McClain learned “that a medium-size hard upper torso – essentially, the shirt of the spacesuit – fits her best.” But since only one medium-size torso suit will be re
NASA cancels 1st all-female spacewalk due to ‘spacesuit availability’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-26  Authors: courtney connley, valery sharifulin tass via getty images
Keywords: news, cnbc, companies, cancels, space, mcclain, availability, women, allfemale, koch, 1st, perform, second, spacewalks, spacesuit, nasa, spacewalk


NASA cancels 1st all-female spacewalk due to 'spacesuit availability'

NASA astronauts Anne McClain and Christina Koch were set to make history on March 29th as the first all-female crew to perform a spacewalk at the International Space Station.

But NASA has announced that the spacewalk has been delayed, “due in part to spacesuit availability on the station.”

On March 22, McClain and astronaut Nick Hague conducted the first of three spacewalks for Expedition 59. It was during this spacewalk that NASA says McClain learned “that a medium-size hard upper torso – essentially, the shirt of the spacesuit – fits her best.”

But since only one medium-size torso suit will be ready by March 29, the women will not be able to perform the second spacewalk together. Instead, Koch will wear that spacesuit and conduct the spacewalk with Hague.

“McClain now is tentatively scheduled to perform her next spacewalk — the third in this series — on Monday, April 8 with Canadian Space Agency astronaut David Saint Jacques,” NASA said in a statement. “Assignments for this spacewalk will be finalized following completion of the second spacewalk.”

Spacewalks are relatively rare, and are usually conducted for the purpose of doing experiments, test new equipment or repair satellites or spacecraft already in space. Since December 1998, there have been only 214 spacewalks at the International Space Station, according to NASA.

McClain and Koch’s spacewalks will mark 35 years since Svetlana Savitskaya became the first woman to walk in space in 1984. NASA reports that 59 women have flown to space as of 2017, “including cosmonauts, astronauts, payload specialists and foreign nationals.”

Although McClain and Koch will now be traveling separately, they will still make history by being the 13th and 14th women to perform a spacewalk. It will be McClain’s first time in space and Koch’s first spaceflight.

Both McClain and Koch are graduates of NASA’s 2013 class, which had the second largest number of applications NASA has ever received, over 6,100. That class was also 50 percent women, as was NASA’s most recent class of flight directors.

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Don’t miss: Two NASA astronauts will conduct the first all-female spacewalk in history


Company: cnbc, Activity: cnbc, Date: 2019-03-26  Authors: courtney connley, valery sharifulin tass via getty images
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NASA cancels 1st all-female spacewalk due to ‘spacesuit availability’

NASA astronauts Anne McClain and Christina Koch were set to make history on March 29th as the first all-female crew to perform a spacewalk at the International Space Station. But NASA has announced that the spacewalk has been delayed, “due in part to spacesuit availability on the station.” It was during this spacewalk that NASA says McClain learned “that a medium-size hard upper torso – essentially, the shirt of the spacesuit – fits her best.” But since only one medium-size torso suit will be re


NASA astronauts Anne McClain and Christina Koch were set to make history on March 29th as the first all-female crew to perform a spacewalk at the International Space Station. But NASA has announced that the spacewalk has been delayed, “due in part to spacesuit availability on the station.” It was during this spacewalk that NASA says McClain learned “that a medium-size hard upper torso – essentially, the shirt of the spacesuit – fits her best.” But since only one medium-size torso suit will be re
NASA cancels 1st all-female spacewalk due to ‘spacesuit availability’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-26  Authors: courtney connley, valery sharifulin tass via getty images
Keywords: news, cnbc, companies, cancels, space, mcclain, availability, women, allfemale, koch, 1st, perform, second, spacewalks, spacesuit, nasa, spacewalk


NASA cancels 1st all-female spacewalk due to 'spacesuit availability'

NASA astronauts Anne McClain and Christina Koch were set to make history on March 29th as the first all-female crew to perform a spacewalk at the International Space Station.

But NASA has announced that the spacewalk has been delayed, “due in part to spacesuit availability on the station.”

On March 22, McClain and astronaut Nick Hague conducted the first of three spacewalks for Expedition 59. It was during this spacewalk that NASA says McClain learned “that a medium-size hard upper torso – essentially, the shirt of the spacesuit – fits her best.”

But since only one medium-size torso suit will be ready by March 29, the women will not be able to perform the second spacewalk together. Instead, Koch will wear that spacesuit and conduct the spacewalk with Hague.

“McClain now is tentatively scheduled to perform her next spacewalk — the third in this series — on Monday, April 8 with Canadian Space Agency astronaut David Saint Jacques,” NASA said in a statement. “Assignments for this spacewalk will be finalized following completion of the second spacewalk.”

Spacewalks are relatively rare, and are usually conducted for the purpose of doing experiments, test new equipment or repair satellites or spacecraft already in space. Since December 1998, there have been only 214 spacewalks at the International Space Station, according to NASA.

McClain and Koch’s spacewalks will mark 35 years since Svetlana Savitskaya became the first woman to walk in space in 1984. NASA reports that 59 women have flown to space as of 2017, “including cosmonauts, astronauts, payload specialists and foreign nationals.”

Although McClain and Koch will now be traveling separately, they will still make history by being the 13th and 14th women to perform a spacewalk. It will be McClain’s first time in space and Koch’s first spaceflight.

Both McClain and Koch are graduates of NASA’s 2013 class, which had the second largest number of applications NASA has ever received, over 6,100. That class was also 50 percent women, as was NASA’s most recent class of flight directors.

Like this story? Subscribe to CNBC Make It on YouTube!

Don’t miss: Two NASA astronauts will conduct the first all-female spacewalk in history


Company: cnbc, Activity: cnbc, Date: 2019-03-26  Authors: courtney connley, valery sharifulin tass via getty images
Keywords: news, cnbc, companies, cancels, space, mcclain, availability, women, allfemale, koch, 1st, perform, second, spacewalks, spacesuit, nasa, spacewalk


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OPEC cancels April meeting, leaving price-boosting oil output cuts in place through June

When they agreed to the new production cuts in December, the so-called OPEC+ alliance said it would assess the oil market in April, two months ahead of OPEC’s usual meeting in June. The latest round of cuts have helped boost oil prices from 18-month lows this year. Falih said Monday he does not expect OPEC to leave the oil market “unguided in the second half,” Dow Jones reported. Last month, the Saudi oil minister told CNBC he was leaning toward extending the production cuts through the end of t


When they agreed to the new production cuts in December, the so-called OPEC+ alliance said it would assess the oil market in April, two months ahead of OPEC’s usual meeting in June. The latest round of cuts have helped boost oil prices from 18-month lows this year. Falih said Monday he does not expect OPEC to leave the oil market “unguided in the second half,” Dow Jones reported. Last month, the Saudi oil minister told CNBC he was leaning toward extending the production cuts through the end of t
OPEC cancels April meeting, leaving price-boosting oil output cuts in place through June Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-18  Authors: tom dichristopher, faisal al nasser
Keywords: news, cnbc, companies, told, output, opec, priceboosting, saudi, place, group, meeting, oil, russia, production, leaving, cancels, cuts, prices, market


OPEC cancels April meeting, leaving price-boosting oil output cuts in place through June

When they agreed to the new production cuts in December, the so-called OPEC+ alliance said it would assess the oil market in April, two months ahead of OPEC’s usual meeting in June. But on Monday, a committee tasked with monitoring the deal said “market fundamentals are unlikely to materially change in the next two months.”

The Joint Ministerial Monitoring Committee said it will next meet in May, with the full group convening on June 25 to decide whether to extend the output cuts through the end of 2019.

The latest round of cuts have helped boost oil prices from 18-month lows this year. U.S. West Texas Intermediate crude has rallied 29 percent to more than $58 a barrel, while international benchmark Brent crude is up 25 percent to about $67 a barrel.

OPEC and its allies are aiming to keep 1.2 million barrels per day off the market, but some producers are still pumping above their quotas, including Russia, the world’s second biggest oil producer.

Russian Energy Minister Alexander Novak told CNBC on Sunday that Russia will hit its target in coming weeks. He said it is premature to to discuss whether the group should continue capping output beyond June.

Falih said Monday he does not expect OPEC to leave the oil market “unguided in the second half,” Dow Jones reported. Last month, the Saudi oil minister told CNBC he was leaning toward extending the production cuts through the end of the year.

Helima Croft, global head of commodity strategy at RBC Capital Markets, says the group is likely to continue cutting production throughout 2019. However, extending the cuts will highlight divisions between Russia, where partly private companies produce oil, and OPEC members like Saudi Arabia, where state-owned energy companies underwrite the nation’s budget.

“The Russian corporates hate shutting in production. They benefit from volume. The state takes the upside of higher prices, so for them, they don’t like the agreement,” she told CNBC’s “Worldwide Exchange” on Monday.

“But for Saudi Arabia and for the rest of the OPEC producers, current prices still remain below their fiscal breakevens, so they would like to see prices a bit higher from here.”


Company: cnbc, Activity: cnbc, Date: 2019-03-18  Authors: tom dichristopher, faisal al nasser
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American Airlines takes jets out of service, cancels flights due to overhead bin problem

American Airlines has taken more than a dozen of its Boeing 737 jets out of service due to problems with newly installed overhead bins, leading the airline to cancel about 40 flights, the carrier said Thursday. American is in the process of remodeling the interiors of its Boeing 737-800 planes to add more seats as well as bigger overhead bins and electrical outlets at each seat, a plan known as “Project Oasis.” The airline is one of several carriers adding more seats to planes in order to increa


American Airlines has taken more than a dozen of its Boeing 737 jets out of service due to problems with newly installed overhead bins, leading the airline to cancel about 40 flights, the carrier said Thursday. American is in the process of remodeling the interiors of its Boeing 737-800 planes to add more seats as well as bigger overhead bins and electrical outlets at each seat, a plan known as “Project Oasis.” The airline is one of several carriers adding more seats to planes in order to increa
American Airlines takes jets out of service, cancels flights due to overhead bin problem Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-07  Authors: leslie josephs, mike fuentes, bloomberg, getty images
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American Airlines takes jets out of service, cancels flights due to overhead bin problem

American Airlines has taken more than a dozen of its Boeing 737 jets out of service due to problems with newly installed overhead bins, leading the airline to cancel about 40 flights, the carrier said Thursday.

American is in the process of remodeling the interiors of its Boeing 737-800 planes to add more seats as well as bigger overhead bins and electrical outlets at each seat, a plan known as “Project Oasis.” The airline is one of several carriers adding more seats to planes in order to increase revenue for each flight.

American flies 304 Boeing 737-800s and said it found “an issue with the quality of work conducted on overhead bins on two of these Boeing 737-800 aircraft,” which it said was installed by a third-party vendor that is licensed by the Federal Aviation Administration.


Company: cnbc, Activity: cnbc, Date: 2019-03-07  Authors: leslie josephs, mike fuentes, bloomberg, getty images
Keywords: news, cnbc, companies, problem, 737800, jets, service, american, bins, airlines, planes, vendor, boeing, bin, cancels, takes, installed, overhead, work, airline, flights, seats


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