Tech
Why Airline Perks Are So Disappointing | CNBC Marathon
CNBC Marathon explores the business of airline amenities and how airlines are working to improve them.
Over the past couple of years, airlines and credit card companies like American, United, Chase and Capital One are investing millions into expanding their airport lounge networks for customers. However, lounges have become so popular that some face overcrowding, and companies like Delta are making it harder to get airline status.
Airlines have been spending big to add more space and comfort to seats on board planes. According to AeroDynamic advisory, airplane seats were a $2.6 billion dollar market globally in 2022, almost half of $6.2 aircraft interiors market. U.S. airlines like American, Delta and United have been adding more premium seats to their fleets. Delta estimates its premium revenue will be 35% of total revenue this year compared to 24% in 2014.
Food service on domestic airlines has drastically changed in recent years. Nearly 3 million passengers fly every day in the U.S. Post pandemic, airlines have seen an increase in passengers buying up to premium seats – putting pressure on airlines to offer better food options and more of them.
Airplane Wi-Fi has been around for decades but its reliability and speeds can vary widely depending on the airline, the route and the type and age of the aircraft. American Airlines, United and other U.S. airlines have been updating their fleets to provide better Wi-Fi. Delta has spent over $1 billion retrofitting its planes to bring free wifi to its customers.
Chapters:
00:00 Introduction
00:46 Why It’s Becoming Harder To Get Into Airport Lounges (Published October 2023)
11:10 Why Airplane Seats Are Getting Big And Fancier Again (Published August 2023)
24:24 How American Airlines Makes 15,000 Meals A Day (Published September 2023)
32:48 Why Wi-Fi On Airplanes Is So Bad (Published July 2023)
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Why Airline Perks Are So Disappointing | CNBC Marathon
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SpaceX is expected to go public at one of the richest IPO valuations in market history, with retail investors set to receive unusual access through platforms like Robinhood and Charles Schwab. CNBC spoke with five retail traders and investors about why they requested SpaceX IPO shares despite concerns over valuation, volatility, Elon Musk, Starlink, AI infrastructure, launch services and whether public-market buyers could become exit liquidity for early investors.
Chapters:
0:00 Introduction
1:36 Why this valuation is hard to judge
4:13 The short-term traders
6:55 The long-term believers
Produced by: Charlotte Morabito
Reporting by: Sean Conlon, Yun Li
Edited by: Andrea Miller, Macklin Fishman
Animation: Jason Reginato, Emily Park
Senior Managing Producer: Shawn Baldin
Additional Footage: Getty Images
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Why Retail Investors Are Betting On SpaceX’s Massive IPO
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A year after Meta’s $14.3 billion bet on Alexandr Wang, the company finally has its first proprietary AI model, but remains behind OpenAI, Anthropic and Google. High-profile hires from rival labs made headlines, but so did layoffs, key departures, and a year of widespread internal conflict and low morale. With Meta’s stock down 19%, the pressure is now on Wang and Zuckerberg to prove the bet was worth it. CNBC’s Julia Boorstin explores what Meta is up against as it attempts to generate real revenue beyond ads.
Reporter: Julia Boorstin
Produced by: Stephen Desaulniers
Edited by: Andrew Evers
Animations: Jason Reginato
Senior Director of Video: Jeniece Pettitt
Additional Footage: Getty Images, Meta
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Big Challenges Ahead For Meta AI Chief Alexandr Wang After A Rocky First Year
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President Trump is set to travel to France for the upcoming G7 summit, which will take place from June 15-17. Markets will be watching for signs of stability as the summit takes place against the backdrop of the Iran war, the Russia-Ukraine war and tensions between the U.S. and Europe over tariffs. CNBC’s Megan Cassella breaks down what to expect from the summit.
Reporter: Megan Cassella
Produced by: Macklin Fishman, Ashlee Trujillo
Edited by: Andrea Miller
Senior Managing Producer: Shawn Baldwin
Additional Footage: Getty Images
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About CNBC: From ‘Wall Street’ to ‘Main Street’ to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more.
Want to get ahead at work? Then you need to learn how to make effective small talk. In CNBC’s new online course, How To Talk To People At Work, expert instructors teach you how to use everyday conversation to gain visibility, build meaningful relationships and advance your career. Sign up now: https://cnb.cx/4sGlSkh
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What To Expect From Trump’s Trip To The G7 Summit In France
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Retail brokerages are lining up to offer SpaceX shares to retail investors who are salivating to buy day one of trade. However, any investor who is thinking of flipping the stock and making a quick buck may want to think twice. Fidelity and Charles Schwab have implemented anti-flipping policies ahead of the historic IPO. CNBC’s Seema Mody analyzed other high-profile IPOs, and explains what is unique about SpaceX, to find out what to expect.
Reporter: Seema Mody
Produced by: Drew Troast
Edited by: Erin Black
Senior Director of Video: Jeniece Pettitt
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About CNBC: From ‘Wall Street’ to ‘Main Street’ to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more.
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SpaceX IPO: Here’s What Retail Investors Need To Know
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Despite a massive slowdown in EV adoption, Ford Motor is continuing to move forward with its next generation of EVs. Ford’s continued confidence, albeit at lower and slower rate than it previously projected, comes from its “Universal Electric Vehicle,” or UEV platform, which the company has developed from a clean-sheet design. Ford’s goal for UEV is to be profitable and cost-competitive with global EV leaders from China and Tesla. The UEV is expected to be critical to Ford transforming its Model e EV unit from billions of dollars in annual losses to breakeven by 2029. The company has said its future EVs will be profitable within a year of launching. The first planned product based on the UEV is a roughly $30,000 midsize pickup truck for the U.S. market next year, followed by a family of vehicles underpinned by the platform.
Produced by: Juhohn Lee
Reporting by: Michael Wayland
Camera by: Andrew Evers
Edited by: Natalie Rice
Senior Director of Video: Lindsey Jacobson
Additional Footage: Ford
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About CNBC: From ‘Wall Street’ to ‘Main Street’ to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more.
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Ford’s $5 Billion Bet On Winning The EV War
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