logo
Alaska Airlines to launch London, Iceland flights, debut new livery for international expansion

Alaska Airlines to launch London, Iceland flights, debut new livery for international expansion

CNBC5 days ago
Alaska Airlines is starting flights from Seattle to London and Reykjavik, Iceland, next May, adding to its global expansion following its acquisition of Hawaiian Airlines last year.
Alaska plans to fly daily between Seattle and London's Heathrow Airport on its Boeing 787-9 Dreamliners, in a bet on both business and leisure travel demand. Seattle–Reykjavik will be served by a 737 Max 8 as a spring and summer seasonal service.
The carrier in June announced it plans to start nonstops between Seattle and Rome next year. A few weeks later, rival Delta Air Lines, said it, too, plans to fly between Seattle and Rome, as well as Barcelona.
Alaska is also planning to start flights between Seattle and Seoul, South Korea, in September. Its daily service to Tokyo's Narita International Airport began in May.
The carrier plans to have at least 12 intercontinental nonstops from its home hub of Seattle.
The airline also unveiled a new livery for its Boeing Dreamliners. New 787-9s coming off the factory lines will get the fresh paint scheme, with hues of deep blues and greens inspired by the northern lights.
When it acquired Hawaiian, which already had widebody planes in its fleet for long-haul flights over the Pacific, Alaska said it would keep the two brands, which will remain on many aircraft.
"They will remain unchanged as essential elements of our brands' legacies and history," Alaska said Tuesday.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Putin will meet Trump as a ‘fiscal crunch' is about to hit Russia's war machine
Putin will meet Trump as a ‘fiscal crunch' is about to hit Russia's war machine

Yahoo

time7 hours ago

  • Yahoo

Putin will meet Trump as a ‘fiscal crunch' is about to hit Russia's war machine

Russian President Vladimir Putin will meet U.S. President Donald Trump in Alaska on Aug. 15 to discuss ending Moscow's war on Ukraine. Meanwhile, Russia's economy continues to feel the strain of Western sanctions and high interest rates. The Kremlin also faces a 'fiscal crunch' that will hamper its war effort, an expert said. Russia's economy has been surprisingly resilient in the face of Western sanctions that were triggered by President Vladimir Putin's invasion of Ukraine in 2022. But as Putin gets set to meet President Donald Trump in Alaska on Friday to discuss ending the war, there are more signs of strain in the Russian economy and fiscal situation. In June, Economy Minister Maxim Reshetnikov warned that Russia was 'on the brink' of a recession. And last month, the central bank slashed interest rates by 200 basis points to revive stalling growth. Meanwhile, government finances have been under growing pressure too. The Kremlin's oil and gas revenue, which is its main source of funds, tumbled 27% in July from a year ago to 787.3 billion rubles, or about $9.8 billion. That's as crude oil prices have fallen, while Europe has continued to add sanctions on Moscow and crack down on the 'shadow fleet' of tankers delivering Russian crude supplies. Even as revenue weakens, spending keeps soaring amid Russia's relentless attacks on Ukraine. In addition to outlays for weapons, incentives to mobilize more volunteers for the army as well as compensation to families of dead soldiers remain sky high. The result has been widening deficits, with the gap for the first seven months of the year reaching $61.44 billion, or 2.2% of GDP, up from 1.7% during the first six months of the year. Spending from January to July shot up 20.8% compared to the same period a year ago, while revenue increased just 2.8% during that span. Economist and author Anders Åslund, who wrote Russia's Crony Capitalism: The Path From Market Economy to Kleptocracy, said the situation is dire enough that Russia may run out of financial reserves, forcing cuts to public expenditures. In a Project Syndicate op-ed on Thursday, he pointed out that Moscow has few sources of funding as sanctions have largely shut out Russia from the global financial system—and even banks from ally China are reluctant to lend money. So Russia has had to tap reserves in its National Wealth Fund, which has dwindled from $135 billion in January 2022 to just $35 billion this past May, according to Åslund, who predicted that the fund is set to run out in the second half of this year. 'Russia's economy is fast approaching a fiscal crunch that will encumber its war effort,' he added. 'Though that may not be enough to compel Putin to seek peace, it does suggest that the walls are closing in on him.' For now, Moscow has avoided steeper penalties from the U.S. as Trump backed off from this threat to impose secondary sanctions that would hit buyers of Russian oil, choosing instead to try reviving cease-fire talks in Alaska. An earlier round of negotiations in April to stop the fighting included a proposal from Trump's envoy to lift U.S. economic sanctions on Russia, require neutrality for Ukraine, and recognize territory Russia seized. Ukrainian and European officials rejected those terms, and talks failed to produce a deal. On Friday, Trump predicted some land would have to change hands to reach an agreement this time. 'You're looking at territory that's been fought over for 3½ years with—you know, a lot of Russians have died, a lot of Ukrainians have died,' he said. 'There'll be some swapping of territories to the betterment of both.' This story was originally featured on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Putin will meet Trump as a ‘fiscal crunch' is about to hit Russia's war machine
Putin will meet Trump as a ‘fiscal crunch' is about to hit Russia's war machine

Yahoo

time10 hours ago

  • Yahoo

Putin will meet Trump as a ‘fiscal crunch' is about to hit Russia's war machine

Russian President Vladimir Putin will meet U.S. President Donald Trump in Alaska on Aug. 15 to discuss ending Moscow's war on Ukraine. Meanwhile, Russia's economy continues to feel the strain of Western sanctions and high interest rates. The Kremlin also faces a 'fiscal crunch' that will hamper its war effort, an expert said. Russia's economy has been surprisingly resilient in the face of Western sanctions that were triggered by President Vladimir Putin's invasion of Ukraine in 2022. But as Putin gets set to meet President Donald Trump in Alaska on Friday to discuss ending the war, there are more signs of strain in the Russian economy and fiscal situation. In June, Economy Minister Maxim Reshetnikov warned that Russia was 'on the brink' of a recession. And last month, the central bank slashed interest rates by 200 basis points to revive stalling growth. Meanwhile, government finances have been under growing pressure too. The Kremlin's oil and gas revenue, which is its main source of funds, tumbled 27% in July from a year ago to 787.3 billion rubles, or about $9.8 billion. That's as crude oil prices have fallen, while Europe has continued to add sanctions on Moscow and crack down on the 'shadow fleet' of tankers delivering Russian crude supplies. Even as revenue weakens, spending keeps soaring amid Russia's relentless attacks on Ukraine. In addition to outlays for weapons, incentives to mobilize more volunteers for the army as well as compensation to families of dead soldiers remain sky high. The result has been widening deficits, with the gap for the first seven months of the year reaching $61.44 billion, or 2.2% of GDP, up from 1.7% during the first six months of the year. Spending from January to July shot up 20.8% compared to the same period a year ago, while revenue increased just 2.8% during that span. Economist and author Anders Åslund, who wrote Russia's Crony Capitalism: The Path From Market Economy to Kleptocracy, said the situation is dire enough that Russia may run out of financial reserves, forcing cuts to public expenditures. In a Project Syndicate op-ed on Thursday, he pointed out that Moscow has few sources of funding as sanctions have largely shut out Russia from the global financial system—and even banks from ally China are reluctant to lend money. So Russia has had to tap reserves in its National Wealth Fund, which has dwindled from $135 billion in January 2022 to just $35 billion this past May, according to Åslund, who predicted that the fund is set to run out in the second half of this year. 'Russia's economy is fast approaching a fiscal crunch that will encumber its war effort,' he added. 'Though that may not be enough to compel Putin to seek peace, it does suggest that the walls are closing in on him.' For now, Moscow has avoided steeper penalties from the U.S. as Trump backed off from this threat to impose secondary sanctions that would hit buyers of Russian oil, choosing instead to try reviving cease-fire talks in Alaska. An earlier round of negotiations in April to stop the fighting included a proposal from Trump's envoy to lift U.S. economic sanctions on Russia, require neutrality for Ukraine, and recognize territory Russia seized. Ukrainian and European officials rejected those terms, and talks failed to produce a deal. On Friday, Trump predicted some land would have to change hands to reach an agreement this time. 'You're looking at territory that's been fought over for 3½ years with—you know, a lot of Russians have died, a lot of Ukrainians have died,' he said. 'There'll be some swapping of territories to the betterment of both.' This story was originally featured on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Palo Alto Networks (PANW) Price Target Trimmed to $204 Despite Positive CyberArk Outlook
Palo Alto Networks (PANW) Price Target Trimmed to $204 Despite Positive CyberArk Outlook

Yahoo

time10 hours ago

  • Yahoo

Palo Alto Networks (PANW) Price Target Trimmed to $204 Despite Positive CyberArk Outlook

Palo Alto Networks, Inc. (NASDAQ:PANW) is one of the . On August 6, Bernstein SocGen Group analyst Peter Weed lowered the price target on the stock to $204.00 (from $225.00) while maintaining an Outperform rating. The firm reviewed the $25b CyberArk acquisition and ultimately views it positively despite intial negative investor reaction. It believes the deal has long-term strategic benefits that outweigh short-term dilution and market volatility. 'Is the CyberArk deal accretive? Last week Palo Alto announced their intention to acquired CyberArk in a cash + equity deal worth ~$25B at the then-PANW stock price (~$5B premium) — this would be an effective FCF/share dilution of ~6% + $2B cash and any restructuring costs. Since then, investors reacted negatively and PANW's market captalization lost the equivalent to CyberArk's predeal value (~$20B). After exploring the deal potential, we come away more constructive. We find these worries half-baked. Channel checks continue to confirm platformization resonates.' The firm further noted how CyberArk is a strong player and is considered an AI winner. The current gap in their portfolio will be closed through this deal. 'Instead, we believe the strategy to enter Identity closes the remaining gap in their portfolio. It also offers a rare toehold in an AI-winner cyber category. The deal is large because CyberArk covers all the key parts to enter, is a strong player, and is considered an AI winner. Assuming Palo Alto stays on strategy, there aren't other large portfolio gaps (thus large targets) to acquire.' Palo Alto Networks, Inc. (NASDAQ:PANW) is a leader in AI-powered cybersecurity. While we acknowledge the potential of PANW as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and Disclosure: None. Sign in to access your portfolio

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store