And i want to thank my colleague and Ranking Member, senator cantwell, for her cooperation in this regard, and for all of our staff. Convenes toe today discuss the state of the Aviation Industry. Witnesses, which are limited in number by the guidance we received from the senate, include nic calio, president and chief executive officer of airlines for america, todd president and chief executive officer of the American Association of airport effectives, eric fanning, president of the chief executive officer of the Aerospace Industries association, and remotely, dr. Hilary godwin, dean of school of Public Health university of washington. No part of the American Economy has escaped the impact of the covid 19 pandemic. The air and transportation sector has suffered a particularly painful blow, one intensified by Global Travel resections and stay at home orders, Domestic Travel has declined over 95 compared to last year. Flying with 12 passengers on average. Half of the u. S. Passenger aircr
to the skies for a summer getaway. record numbers of passengers they re predicted to fly this year, with airlines raking in healthy profits and airports fit to bursting. but against a backdrop of war, economic uncertainty, and the year for global elections, can it continue? and, with our climate in crisis, can any of it be done sustainably? i m going to be discussing all of that and more here they are with a host of experts for our bumper aviation special. also, i m catching up with one of the longest serving airline leaders, the industry heavyweight yep, the big boss of emirates airline, sir tim clark. wherever you rejoining me from around the world, once again, a big hello and a warm welcome to the show. now, for many of us, it s that time of the year where we re checking our passports, getting our bags out of the cupboards, and dusting off our shades as we prepare for a summer getaway, jumping on a plane in search of the summer heat or trying to escape it. the ai
once again, a big hello and a warm welcome to the show. now, for many of us, it s that time of the year where we re checking our passports, getting our bags out of the cupboards, and dusting off our shades as we prepare for a summer getaway, jumping on a plane in search of the summer heat or trying to escape it. the airline industry is now officially back on track, after the dark days of the pandemic. and i tell you what, their outlook is very bullish. a record high of nearly five billion travellers are predicted to take to the skies this year, with the world s airlines expected to post over $30 billion in profits on the back of it. and that increase in demand, it s projected to continue with passenger numbers heading in one direction and that s up with around eight billion expected to take to the skies by 2043. good news for the airlines, but it is raising concerns over its potential environmental impact. aviation is currently responsible for around 2 3% of total glo
On behalf of my 14,000 u. S. Bmo colleagues, we are delighted to be the presenting sponsor at the Bmo Harris Bank magnificent mile lights festival for the tenth straight year. As you get ready to celebrate this fantastic time of the year, enjoy your time with your friends and your family, and if theres anything Bmo Harris Bank can do to help, thats what were here for. Thank you. From your military in the midwest at naval station great lakes. All happy holidays [ill be home for christmas playing] im dreaming tonight of a place i love even more than i usually do and although i know its a long road back i promise you all ill be home for christmas ooh you can count on me please please have snow and mistletoe and presents on the tree women Christmas Eve will find me men find me all where the love light gleams a special thank you to the u. S. O. Show troupe. We are back at the Bmo Harris Bank magnificent mile lights festival here in chicago. Im Alan Krashesky along with cheryl burton. And no
Today alone. Brace yourself for more serious weather. Mudslides possible on the west coast. Rain and snow in the east. Lets go down to sue at the new york stock exchange. And you know we have another triple digit down day for Dow Jones Industrial. Part of that is linked to the drop in oil. Art cashin saying not only the Energy Stocks under pressure but that has spilled over to financial stocks. They are worried about the high yield debt that some banks own concerning energy. Right now the Dow Jones Industrial average off 103 points. The nasdaq is off 31. And the rus russell 2000 is off almost a third of a percent. Followed closely by the dow. Oil tanking hitting new lows of the trading session down almost 4 on wti and thats 3. 5 on brent. Bob pisani joins me on the floor of the new york stock exchange. Just the under pinnings of the market dont feel good today. Look at chevron. 50 of the 150 points in the down side. That is exxon and chevron. There are dozens of new lows in the Energy