CNBC Marathon explores if airlines are profitable, why airlines face so many delays and how new technologies can streamline airport security.
Passenger airlines are a crucial industry in the global economy, but the sector is also extremely volatile. Running a passenger airline is an asset-intensive industry with narrow profit margins. Despite the risks, the industry has experienced some periods of consistent growth, which can lull investors into a false sense of security.
Meanwhile, thousands of U.S. flights have been delayed or canceled this year which can cost airlines tens of millions of dollars. CNBC went to the Federal Aviation Administrations Air Traffic Control System Command Center to get an inside look at how the FAA deals with increasingly severe weather situations.
And remember a time when getting through airport security was quick and easy. But after the attacks on 9/11, the TSA, or Transportation Security Administration, was created and security screenings became much more thorough. With millions of people passing through TSA checkpoints every day, this can create excruciating long lines, especially during holiday travel. In response, Delta, JetBlue, and American Airlines are just a few of the U.S. airlines starting to test facial recognition for boarding and TSA checkpoints.
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Looks like the globalist elites are trying to get us peasants to stop travelling by air.
Everyone I know who has flown recently has encountered no issues.
Everyone I know has HEARD there are problems, hearing it on the NEWS, but did just fine.
Slow news day?
More often than not I’ve experienced delays and cancellations
Why ? It’s simple we have a broken administration in the White House that have no clue how to govern?
the government has no control overs dozens of Airlines. Would you like the FAA telling these Airlines how they should be Run?
you Obsiously dont Know the Difference between Governing and running a Business,.