>> the great news is, ed bastian mentioned it this morning when he did his -- >> he said shoutout to of people, that just takes your addressable market really all the way up to the sky, and vice versa, wheels up has a situation where our customers, 80% of our customers fly commercial so it is really about the addressable market and a democratization which gives us that lift and allows us to be a much bigger business in the future >> last year during covid, there was a squeeze on equipment, right? difficult to get a hold of a private jet for a while. is that still the case >> our pilot force and our team stayed in place all the way through covid. we have 170 planes in our first party business, which is on and out. we have a management business, a second party business, 170 planes, over 1,000 pilots. we're not in the brokerage business, but the future of our business, carl, leveraging technology we hired greg greeley the chairman of the marketplace. he created amazon prime with bezos. this is going to look more like uber and airbnb than an airline. >> interesting all in the air, though

let's bring in ed bastian, ceo of delta airlines.ed out, what was the acceleration like within the last month let's say june >> i'd say in the last 60 days we are in a full recovery of our business led by the u.s. consumer u.s. consumer travel is at or beyond the levels we saw in 2019 we are working on businesses coming back. international is a little choppy we were able to take fairly large losses we had been losing $3 billion a quarter down to a loss of $900 million. in it the third quarter, we are expected to stay solidly and stay profitable which is the main data point. to say we are going to be profitable and free cash flow positive just a year removed from the worst crisis we've ever seen >> you are seeing all domestic leisure travel back to 2019 levels right now on the corporate side, we are still down 45, 50%, so to speak? >> if we look at domestic travel for corporates, it was only down 20%. in june, 40% so it doubled. the month of september, as labor day comes. as businesses begin to reopen. they'll be about 60% and they'll

ed bastian marriott's ceo tony capuano, brian moynihan, michael santomassimo and cathie wood as wellhief something officers coming up all day long. must-watch interviews all day. keep it right here on cnbc. >>> a few of the analyst calls of note this morning apple added to goldman's analyst focus list as a growth idea. among the kcatalyst, the iphone 12 upgrade cycle the firm has an overweight rating with a $175 target price. >>> meantime, goldman is initiating coverage of the apparel and brands sector with a buy rating on lululemon, yeti, levi strauss they say the post covid recovery period has been supportive for apparel and brands continues small growth and margin expansion one word of caution. the note notes the sector has outperformed the s&p so far this year investors should stay selective on certain stock names. >>> coming up on the show, investors gearing up for big bank earnings as john nagerian if you have not already done so, follow our podcast if you miss "worldwide exchange" check us out on apple, spotify or your podcast platform of 'lbece wel right back here on "worldwi

and europe, and ed bastian said we have kind of done all we can do.ve been giving them information, and he was frustrated that u.s. travelers who have been vaccinated can go to europe, but they can't bring those people back to the united states. lisa: that has definitely been an issue. or u.s. citizens can go over to europe, like kailey and i went on the same plane. i don't know if you noticed, but it was packed. even though people are concerned about the covid crisis and wearing their masks, every seat is filled. you wonder how long that is going to continue. kailey:kailey: for all of our viewers and listeners, lisa was about 30 rows ahead of me on the airplane. [laughter] lisa: all right. jonathan: we don't cut people off on this program. tom does that. carry-on. kailey: i was in the middle of the middle row, and all of the seats around me were full, so there were definitely a lot of people traveling. mary, on that flight to, what i paid for for that round trip ticket to athens is only a little bit more expensive than what it cost to buy a plane tic

in the second quarter of 2023 >>> and delta is ramping up hiring amid surging travel demand ceo ed bastianing the company is looking to add 5,000 employees across the country including 3,000 in customer service and other operational areas. the tsa reported screening more than 2 million people on tuesday, a dramatic jump from the 700,000 one year ago and i will tell you, frank, the other day i was making a reservation for later this year. i had problems online. they told me it was going to be a two-hour wait on the phone i was glad that i was able to resolve it myself online two hours. >> i've had the same experience. i had to cancel a flight you call, you hold, you hold, you hold i tried using their tech service. it was faster. we appreciate it. >> there you go. >>> cybersecurity. the true cost of data breaches our eamon javers joins us with a look at the numbers. good morning, eamon. >> reporter: good morning, frank. this is the 17th year ibm has done the data breach report. the findings are bad news for companies on the receiving end of all of the cyber attacks. the company found the ave

we partnered up with delta airlines, we did a deal with ed bastian pre-crisis where we took in deltal of the delta folks that are first class and business class and their business clients and really what we saw was the experience economy really kicking in, that people didn't want to stay home, they wanted to fly safely, and in many cases , older folk and immuno compromised and people that just needed and had essential travel, we were able to deliver that all the way through the crisis culminating with the first quarter where we had 68% revenue growth and 56% new member growth, 261 million really proud of the quarter and our team and our pilots delivered. ashley: well you mentioned the delta partnership. where else do you consider an area to expand in? >> well, you look at delta, and we can do some great last mile stuff for delta, so you can travel in from all over the world, or on a long-haul flight, let's say lax to jfk, and if you need to get to new york, you need to get to nantuck et, we're there wing to wing. we just cut a deal with porch to be able to take people in select airpo

ceo ed bastian was cnbc earlier with an optimistic outlook despite the rise in covid vafrants >> we haven't out as the news of the variant spreading we haven't seen any slowdown, any downtick in bookings people are ready to go the vaccines work. we have 72% of our delta people vaccinated and continuing to grow >> let's bring in jpmorgan senior airline analyst jamie baker. thanks for joining us. what was your key takeaway from delta's numbers? >> we were pleased with ed's performance on your show earlier this morning and certainly with the guide. unfortunately it was not as well received by some of my competitors, largely on the basis of costs you'd have to ask them on your show to explain or give some granularity on but the cost guide that delta dropped was spot on with our forecast we would expect overnight that consensus of around 30 cents goes up to 45 cents it's the first time delta has actually raised, you know, relative to consensus since the fourth quarter of 2019. we have a positive view on today's report. >> doug, the whole group, jamie, has had a rough go lately, almost in a bear

. >> but ed bastian pretty much confirmed that my anecdotal is empirical.at interview. >> yes, i actually -- >> we do some great interviews. >> we do the network does a lot of excellent work. >> closing bell does janet ye yellen. >> that's later today. >> but we do mark wahlberg >> who's got more followers? i mean, let's just face it, when it comes to followers, we're crashing closing bell. >> wahlberg, i'm look at his arm right now. >> he's so jacked. when people confuse me with him, i always suspect they have 90, 1,000 vision >> that's a good arm nice watch too. >> what do you got some sort of man crush? >> wow >> guys, i wanted to do a faber report what do you think about that >> spac faber report. >> i don't want to lose you. >> no, it's not spacs, it's black stone and aig. it's one of the more important corporate news stories of the morning. >> how much more money can black stone make >> they have continued to transform themselves from what we still sometimes describe as a private equity firm into really what is a broad based alternative assets manager

one that we did was with delta air lines almost two years ago, we got into a conversation with ed bastian opens up wheels up to the first class, the business class, the business clients and their status members and we have special programming for that delta crew. on our side, wheels up members when you join, you can get certain delta statuses on the airline, # 0% of our -- 80% of our customers travel commercial at some point in the year. that is very, very important and with the porsche partnership, the double click there, you can now fly, maria, from la to jfk and if you're going privately to nantucket you can take a porsche on the field from your commercial airplane to your wheels up airplane, so that was really the gist of the porsche tie-up. we're doing some special things where our customers are drive on porsche vehicles, special programming for the porsche client. so we can have them join up on wheels up, special porsche terms and then lastly of course am ex-which we jointly announced on july 1 which gives special benefits to members and our customers can actually use those member b