Delta Changing Rules to Make It Harder to Earn Elite Status
Video Credit: Wibbitz Top Stories - Duration: 01:31s - Published
Delta Changing Rules to Make It Harder to Earn Elite Status
Delta Changing Rules , to Make It Harder , to Earn Elite Status.
Delta Air Lines has announced changes
to how customers earn rewards and gain
access to the carrier's airport lounges.
CNBC reports that the changes come
as the latest sign that air travel's era of
mass luxury may be coming to an end.
.
Beginning on January 1, customers can only earn Delta
Medallion status based on their spending, similar to
a model recently adopted by American Airlines.
Many major airlines have been raising the requirements to
earn elite status amid a surge in customer spending, which
has increased the ranks of elite airline status members.
Elite status typically comes with a number
of perks, including early boarding, free
upgrades and access to an airline's airport lounge.
Elite status typically comes with a number
of perks, including early boarding, free
upgrades and access to an airline's airport lounge.
We want customers to be
able to receive status with
activity beyond just air travel, Dwight James, Delta’s senior vice president
of customer engagement and loyalty, via CNBC.
In 2024, Delta customers can earn one Medallion Qualifying
Dollar for every actual dollar they spend on flights,
car rentals and hotels booked through the airline.
CNBC reports that the airline has also raised
requirements for dollars spent through
co-branded American Express cards.
.
For every $10 spent on the card, Delta SkyMiles
Reserve and Reserve Business American Express card
members will now earn one Medallion Qualifying Dollar.
For every $10 spent on the card, Delta SkyMiles
Reserve and Reserve Business American Express card
members will now earn one Medallion Qualifying Dollar.
Meanwhile, Delta SkyMiles Platinum and Platinum
Business American Express Card Members earn
one Medallion Qualifying Dollar for every $20 spent
Key Federal Reserve Inflation Gauge , Rose 2.8% in March.
According to Commerce Department
data released on April 26.
the personal consumption expenditures
(PCE) price index, not including food or energy, rose 2.8% year-over-year in March. .
That exceeded Dow Jones
estimates of 2.7%, CNBC reports. .
When also accounting for food and energy, the all-items PCE measure rose 2.7%,
which was above the 2.6% estimate.
Inflation reports released this morning
were not as a hot as feared, , George Mateyo, chief investment officer at Key Wealth, via CNBC.
... but investors should not get
overly anchored to the idea that
inflation has been completely
cured and the Fed will be cutting
interest rates in the near-term, George Mateyo, chief investment officer at Key Wealth, via CNBC.
The prospects of rate cuts remain,
but they are not assured, and the
Fed will likely need weakness in
the labor market before they
have the confidence to cut, George Mateyo, chief investment officer at Key Wealth, via CNBC.
Consumers continue to spend despite
higher prices, CNBC reports.
Personal spending increased 0.8% in March, while personal income rose 0.5%.
The personal saving rate dropped to 3.2% as more people are having to dip into their savings to cover the cost of living.
The Fed continues to target 2% inflation, which the core PCE has exceeded for
the last three years, CNBC reports.
Credit: Wibbitz Top Stories Duration: 01:30Published
Netflix Exceeds Earnings Estimates , As Subscribers Increase.
Netflix Exceeds Earnings Estimates , As Subscribers Increase.
Netflix released a Q1 earnings report on April 18, indicating that its number of subscribers jumped 16% year-over-year to reach 269.6 million.
Analysts only expected the streamer to have about 264.2 million subscribers, CNBC reports. .
The company also brought in $9.37 billion in revenue versus analysts' expectations of $9.28 billion. .
However, Netflix said that its membership numbers are no longer the main factor contributing to the company's growth.
As a result, the company will stop providing "quarterly membership numbers or average revenue per user" beginning in 2025, CNBC reports. .
Instead, it will divulge "major subscriber milestones as we cross them.".
Price hikes, terminating password sharing
and offering an ad-supported tier are all tactics that have boosted revenue.
Netflix is also seeking to gain traction within the video game space and recently partnered with TKO Group Holdings to offer WWE on the platform.
We’re in the very early days of
developing our live programming and
I would look at this as an expansion of
the types of content we offer, the way
we expanded to film and unscripted and
animation and most recently games, Ted Sarandos, co-CEO of Netflix, via earnings call.
We believe that these kind of event cultural
moments like the Jake Paul and Mike Tyson
fight are just that kind of television, and we
want to be part of winning over those
moments with our members as well, so that
for me is the excitement part of this, Ted Sarandos, co-CEO of Netflix, via earnings call.
As of the morning of April 18,
Netflix's stock was up 27%
Credit: Wibbitz Top Stories Duration: 01:30Published
Google Fires Employees , for Protesting Israel Contract.
28 Google workers have been fired for protesting
a $1.2 billion contract that the company has with
the Israeli government and military to provide
cloud and AI services, NBC News reports. .
The firings follow an April 16 sit-in at
Google's offices in California, New York and Seattle in which nine workers were arrested.
The group that coordinated the demonstration
is known as No Tech for Apartheid. .
Google issued a statement about the recent firings.
A small number of employee
protesters entered and disrupted
a few of our locations. , Google spokesperson, via statement.
Physically impeding other employees’
work and preventing them from
accessing our facilities is a clear
violation of our policies, and
completely unacceptable behavior. , Google spokesperson, via statement.
We have so far concluded
individual investigations that
resulted in the termination of
employment for 28 employees,
and will continue to investigate
and take action as needed, Google spokesperson, via statement.
No Tech for Apartheid claims that the
workers were fired "indiscriminately.".
This excuse to avoid confronting
us and our concerns directly,
and attempt to justify its illegal,
retaliatory firings, is a lie, No Tech for Apartheid, via statement.
Meanwhile, many of Google's workers have
reportedly quit after experiencing "mental health consequences of working at a company that is using their labor to enable a genocide," No Tech for Apartheid said.
On a personal level, I am opposed
to Google taking any military
contracts — no matter which
government they’re with or what
exactly the contract is about. , Cheyne Anderson, a Google Cloud software engineer based
in Washington who was arrested during a sit-in, to CNBC
Credit: Wibbitz Top Stories Duration: 01:31Published
Amazon Cuts Hundreds , of Cloud Computing Jobs.
An Amazon Web Services (AWS)
spokesperson issued a statement about
the job cuts on April 3, CNBC reports. .
We’ve identified a few targeted areas of
the organization we need to streamline
in order to continue focusing our efforts
on the key strategic areas that we
believe will deliver maximum impact, AWS spokesperson, via statement.
We didn’t make these decisions
lightly, and we’re committed
to supporting the employees
throughout their transition to new
roles in and outside of Amazon, AWS spokesperson, via statement.
Cuts are being made to the store technology division “as a result of a broader strategic shift in the use of some applications in Amazon’s owned as well as in third-party stores,” the spokesperson said.
The layoffs come after Amazon announced that it was ending its Just Walk Out technology in Fresh stores.
The cashierless technology is overseen
by teams within the AWS unit. .
Beginning in 2022, Amazon started
its largest layoffs in history by letting
go of 27,000 roles company-wide. .
So far in 2024, the retail behemoth has cut jobs at Audible, Buy with Prime, Prime Video, MGM Studios and Twitch, CNBC reports. .
This latest round of cuts will
allow U.S. employees to collect pay
and benefits for a minimum of 60 days.
They will also be offered a severance package.
Credit: Wibbitz Top Stories Duration: 01:30Published
UPS to Become US Postal Service’s , Main Air Cargo Provider.
On April 1, United Parcel Service announced
that it will replace FedEx as the primary air
cargo provider for the USPS, CNBC reports. .
On April 1, United Parcel Service announced
that it will replace FedEx as the primary air
cargo provider for the USPS, CNBC reports. .
FedEx is walking away from a
22-year partnership after failing to
secure a better contract with the agency. .
FedEx is walking away from a
22-year partnership after failing to
secure a better contract with the agency. .
In fiscal year 2023, USPS paid FedEx $1.73 billion
for its services, down from the $2.4 billion
FedEx received in fiscal year 2020.
The decrease in payments was partially due
to the postal service using more economical
trucks in place of planes, CNBC reports. .
The parties were unable to reach
agreement on mutually beneficial
terms to extend the contract, FedEx, via securities filing.
Since FedEx will lose nearly $2 billion in annual
business from letting go of the contract, .
hundreds of pilots will likely
lose their jobs, CNBC reports .
Following the announcement, UPS shares
increased 1.4% while FedEx stock dropped 1.6%.
FedEx's current contract is
set to expire on Sept. 29
Credit: Wibbitz Top Stories Duration: 01:30Published
US Airlines , Accuse China of , 'Harmful Anti-Competitive Policies'.
CNN reports that the United States aviation industry
has urged the Biden administration to pause the
approval of more flights to and from China.
CNN reports that the United States aviation industry
has urged the Biden administration to pause the
approval of more flights to and from China.
According to an open letter, China's
“existing harmful anti-competitive policies”
are affecting U.S. airlines and workers.
The competitive disadvantage
is harmful to the approximately
315,000 workers employed
by U.S. passenger airlines
that serve China, Airlines for America open letter, via CNN.
The letter, addressing Secretary of State Antony Blinken
and Transportation Secretary Pete Buttigieg, was
signed by Airlines for America, an industry lobby group.
The letter, addressing Secretary of State Antony Blinken
and Transportation Secretary Pete Buttigieg, was
signed by Airlines for America, an industry lobby group.
Members of the group include American Airlines,
Delta and United, along with other unions
representing aviation workers.
Members of the group include American Airlines,
Delta and United, along with other unions
representing aviation workers.
Members of the group include American Airlines,
Delta and United, along with other unions
representing aviation workers.
If the growth of the Chinese aviation
market is allowed to continue unchecked
and without concern for equality of access
in the market, flights will continue to be
relinquished to Chinese carriers at the
expense of U.S. workers and businesses, Airlines for America open letter, via CNN.
CNN reports that the Biden administration said in February
that it would allow Chinese airlines to increase the
number of direct passenger flights to the United States.
At the time, U.S. officials granted Chinese carriers
approval to make 50 weekly round-trip flights,
increased from 35 amid the COVID-19 pandemic.
Prior to the pandemic,
over 150 weekly
flights were allowed. .
China's Foreign Ministry defended the increased number
of flights, citing a "consensus reached" in November between
Chinese leader Xi Jinping and U.S. President Joe Biden.
China's Foreign Ministry defended the increased number
of flights, citing a "consensus reached" in November between
Chinese leader Xi Jinping and U.S. President Joe Biden
Credit: Wibbitz Top Stories Duration: 01:31Published
United Airlines Among , Major US Carriers Facing, Intense Scrutiny Over Incidents .
'Newsweek' reports that United Airlines has made
national headlines following a string of incidents on
flights to and from the United States in recent weeks.
'Newsweek' reports that United Airlines has made
national headlines following a string of incidents on
flights to and from the United States in recent weeks.
United CEO Scott Kirby released a statement addressing
the recent string of incidents, which included an
engine fire and a door panel blowing off mid-flight.
United CEO Scott Kirby released a statement addressing
the recent string of incidents, which included an
engine fire and a door panel blowing off mid-flight.
Unfortunately, in the past
few weeks, our airline has
experienced a number of
incidents that are reminders
of the importance of safety. , Scott Kirby, United Airlines CEO, via 'Newsweek'.
While they are all unrelated,
I want you to know that these
incidents have our attention
and have sharpened our focus. , Scott Kirby, United Airlines CEO, via 'Newsweek'.
Kirby went on to reassure
travelers that steps were being
taken to address the ongoing issues. .
In the past few years,
we've done a lot at United
to build a new culture, improve
our business and earn your trust, Scott Kirby, United Airlines CEO, via 'Newsweek'.
I'm confident that we'll learn
the right lessons from these
recent incidents and continue
to run an operation that puts
safety first and makes our
employees and customers proud. , Scott Kirby, United Airlines CEO, via 'Newsweek'.
'Newsweek' recently released a timeline of incidents
involving three major U.S. airlines, comparing the
number of incidents over the past 12 months.
From March of 2023 to March of 2024,
American Airlines had 63 incidents reported on
AeroInside, a website that tracks aviation incidents.
Over the same period of time,
Delta Airlines had 70 incidents
reported on AeroInside.
United Airlines tops the list with
79 incidents reported on AeroInside
between March of 2023 and March of this year
Credit: Wibbitz Top Stories Duration: 01:31Published
A passenger traveling with American Airlines was detained by the police for using antisemitic slurs against a flight attendant. The man was taken off the plane for engaging in a verbal and physical fight with the crew and fellow passengers.
#AmericanAirlines #Scuffle #AntisemiticSlurs #IsraelHamas #Jews #WhiteNationalism #Racism #WorldNews #Oneindia #Oneindianews
~HT.178~PR.152~ED.194~GR.124~
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