Leslie Josephs
Leslie Josephs is a financial journalist who covers the airline industry for CNBC News. She has reported on major airlines such as American Airlines, Delta Airlines, and United Airlines, as well as their subsidiaries and related industries. Her reporting focuses on financial performance, executive decisions, and regulatory issues affecting the airline industry. Josephs also covers mergers and acquisitions in the aviation sector. Prior to joining CNBC News, Josephs worked for The Wall Street Journal and Bloomberg News.
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The Daily's Verdict
This author is known for its high journalistic standards. The author strives to maintain neutrality and transparency in its reporting, and avoids conflicts of interest. The author has a reputation for accuracy and rarely gets contradicted on major discrepancies in its reporting.
Bias
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Examples:
- The author has a strong focus on financial news and reporting without any significant examples of bias in the articles provided.
Conflicts of Interest
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Examples:
- The author has not disclosed any conflicts of interest in their reporting on companies such as Boeing, Delta, and Spirit Airlines.
Contradictions
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Examples:
- However, there are no major contradictions that significantly impact the accuracy of the reporting.
- There are instances where the author has identified contradictions in the information provided by companies, such as Delta's lower-than-expected Q3 earnings forecast and Spirit Airlines' warning of a wider quarterly loss.
Deceptions
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Examples:
- There are no instances of deceptive practices or misleading information in the articles provided by the author.
Recent Articles
Korean Air Commits to Buying Up to 50 Boeing Widebody Jets: A Confidence-Boosting Deal Amid Challenges
Broke On: Monday, 22 July 2024Korean Air commits to purchasing up to 50 Boeing widebody planes, including 20 777-9s and 20 787-10 Dreamliners, as part of its fleet renewal strategy. The deal is worth billions and represents a significant investment in new technology for operational efficiency and reduced carbon emissions. Global IT Outage on July 19, 2024: Over 5,000 Flights Canceled and Thousands Delayed Worldwide Due to CrowdStrike Software Update
Broke On: Friday, 19 July 2024A global IT outage on July 19, 2024 caused by a faulty CrowdStrike software update led to over 5,000 flight cancellations and nearly 13,000 delays on Friday alone. Major industries including airlines, hospitals, banks and television networks were affected worldwide. Delta Air Lines canceled about 36% of its Saturday flights while American Airlines and United also experienced significant disruptions. The ripple effects extended to utilities, healthcare services and other sectors. United Airlines Faces Challenges: Lower Capital Expenditures, Boeing Plane Delays, and Industry Oversupply Threaten Profitability
Broke On: Wednesday, 17 July 2024United Airlines faces profitability challenges due to lower capital expenditures, slow Boeing plane deliveries, and industry oversupply during peak demand season. The company forecasts a lower-than-expected profit in Q3 2024 and plans to cut capacity to bolster pricing power. Industry capacity growth is expected to moderate in the second half of the year, potentially increasing pricing power. Spirit Airlines Projects Lower-Than-Expected $1.28B Q2 Revenue Amid Ancillary Sales Pressure and Competitive Market Challenges
Broke On: Tuesday, 16 July 2024Spirit Airlines projects lower-than-expected $1.28 billion Q2 revenue due to underperformance in non-ticket sales, primarily ancillary fees, caused by competitive marketplace changes. The airline faces challenges from oversupplied market and engine recall issues, but remains committed to revenue improvement. Air France-KLM Faces Potential Revenue Loss of 160-180 Million Euros Due to Paris Olympic Games
Broke On: Monday, 01 July 2024Air France-KLM faces a potential revenue loss of up to 180 million euros during the peak summer season due to the Paris Olympic Games. Tourists and locals are postponing travel, leading to decreased demand and increased hotel prices. Delta Air Lines also anticipates a $100 million loss from decreased travel to Paris. Delta Air Lines Reports Record Revenue in Q2 2024, Misses Analyst Expectations Due to Discounted Fares and Intense Competition
Broke On: Thursday, 11 July 2024In Q2 2024, Delta Air Lines reported record revenue but missed analyst expectations due to discounted fares. Price-sensitive consumers impacted earnings despite strong summer travel demand. Delta's success was driven by expansion into Latin American, Caribbean, and South American markets and a new international partnership with Riyadh Air. Record Air Travel Demand Met with Challenges for Airlines: Delays, Recalls, and Higher Costs Threaten Profitability
Broke On: Monday, 08 July 2024Record passenger demand in 2024 fails to boost airline profits due to aircraft delivery delays, engine recalls, higher labor costs, and jet fuel prices. These challenges could lead to fewer routes and less passenger choice. Boeing Agrees to Plead Guilty to Criminal Fraud Charge Over 737 Max Crashes, Faces $698.6 Million Penalty
Broke On: Monday, 08 July 2024Boeing, under criminal investigation for two fatal 737 Max crashes that killed 346 people, has agreed to plead guilty to fraud charges and pay a $243.6 million fine. The FAA alleges Boeing concealed information about the MCAS flight-control system implicated in the crashes during regulatory approval. Boeing opted for a guilty plea instead of facing trial to avoid lengthy legal proceedings. Boeing to Acquire Spirit AeroSystems for $8.3 Billion: Enhancing Production Practices and Alignment with Safety Systems
Broke On: Monday, 01 July 2024Boeing, the aerospace giant, plans to acquire Spirit AeroSystems for $4.7 billion in an all-stock deal. Spirit, a major Boeing supplier and source of 70% of its revenue, faces scrutiny following quality issues and a fuselage panel incident on a 737 Max. By acquiring Spirit, Boeing aims to improve production practices and ensure better alignment with safety systems. The deal represents a strategic reversal for Boeing, which began outsourcing extensively in the 2000s. Boeing Faces Criticism Over Proposed Plea Deal in Wake of 737 Max Crashes
Broke On: Sunday, 30 June 2024The Justice Department offers Boeing a plea deal for criminal charges over 737 Max crashes that killed 346 people, but victims' families criticize it as a 'sweetheart deal' due to lack of accountability. Boeing faces potential trial if it rejects the offer by week's end.