steven, good morning we are hearing from gary kelly at southwest airlines and they are talking about domestic travel booming for years, it was the airlines to routes from france and tokyo. do we want to buy the airlines with routes from dallas to boise? >> no, great question. good morning to you as well. i think what we're seeing in this evolution of the pandemic is certainly a bigger focus on domestic travel and focus on leisure and visiting friends and relatives travel we think in the moving forward in the post-pandemic environment, that those carrier was the best seat and customer profiles will be the winners, relatively speaking. i think in terms of what this means for the airlines and what it means for the bottom line, i

we'll talk to gary kelly in a cnbcn mont ia me new projects means new project managers.e. i need indeed. indeed you do. the moment you sponsor a job on indeed you get a short list of quality candidates from our resume database. claim your seventy five dollar credit, when you post your first job at indeed.com/home. >>> throw big reports out of the airlines today american, southwest, and alaska. take a look at some of the gainers here we will be approaching some of the all-time highs as we said we'll talk to gary kelly of southwest aftheer t opening bell which we'll get in about five and a half minutes. ♪ ♪ it's the biggest thing that ever happened to small. visit your local mercedes-benz dealer for exceptional lease and financing offers. oh, i've traveled all over the country. talking about saving with geico. but that's the important bit, innit? showing up, saying “hello! fancy a nice chat?” then we talk like two old friends about sticky buns and all the savings you could get by bundling your home and car insurance. but here's the real secret. eye contact. you feel that?

ceo gary kelly joins us now. thank you very much for your time.your statement and on the call today about the worst being behind us. what is it going to take to get your airline back to be in cash flow positive? what needs to happen between now and then? gary: mechanically, i think two things. one is the demand for travel needs to be there, number one. number two, we have to increase our flight activity to be able to support that. at the current levels we are flying, we need to be profitable. we need more flights to cover our overhead. it is just getting the balance correct. there's no reason to add flights if they are not going to be occupied by customers. so we are looking ahead to june as an example, and in june we are going to be flying 96% of the capacity that we had in june of 2019. that gives you some indication of where we think we are going to be. and by the way, that is with a very modest this in his travel component. so i am excited -- modest business travel component. so i am excited. we will have added almost 19 new destinations to ou

gary kelly on at 9:30 of southwest. on closing bell an airport of ceos today >>> now to washington. we're getting new numbers and some big money proof that lobbying and big tech are juicing up they may be getting ready for a fight in washington, d.c eamon javers is joining us how much money is big tech spending on lobbying in washington, d.c. on k street >> it is millions, brian they are boosting over the previous quarter you get an uptick in the first quarter. you get a sense of the numbers that big tech is bracing for something here in washington with the anti-trust talk out with the regulation and a lot out there. look at the numbers. the first quarter of 2021. the numbers in yesterday amazon spent $4.8 million. just behind them is facebook at 4.79 alphabet, 2.6 million. microsoft with $2.6 million. and apple bringing up the rear actually at $1.46 million. maybe apple is not as threatened by what is going on in washington as the rest of the big guys we have a debutante here robinhood. registered as a lobbyist for the

i mean it was just bad we heard from gary kelly from southwest, but everyone, i think one of the thingsesterday, is you correctly pointed out, united airlines had a bad quarter and people are talking about maybe things aren't as robust, i think they are nozt as robust as united airlines and i thought delta was encouraging when we heard from them last week and i think when we hear from gary kelly, he will tell us. >> and keep back to business travel in trying to assess the long-term profitability of the airlines and the importance of business travel it can't be understated. >> no, it can't. >> and we just don't know. i am hearing people are getting back on airplanes to some extent but then i also hear things, you know, pfizer, not letting anybody travel this year. >> pfizer? >> they're that confident in their competitive drugs? >> by the way, who can get anybody vaccinated more than them, right? i mean and boosters. there are a lot of companies that have basically said no corporate travel this year >> they think that >> they do think that. and then maybe they will change. but again, back

you and i talked to southwest a few days back and they were saying gary kelly talking about businessg back for 10 years. gu a little more -- gilliaume a little more optimistic but also making a movement of freight. boeing market traditionally, but airbus is looking at that. there will be long-lasting implications. guy: 100%. alix: talking about business travel -- after having talked to airbus and having looked at boeing's result, you have a different take on boeing from yesterday than you do after talking to airbus today? guy: they are in completely different places. boeing has had to deal with so many problems and airbus has not. little issues, but it has not had the problems that boeing has had. the recovery will come in the narrow bodies. not in planes, the big ones we all get excited about. it is the narrow bodies. that is where airbus has a huge opportunity. the two 20's is what we are looking at the moment. small super efficient airplanes. the long-range version which a lot of airlines will be looking at. boeing does not have those options. that will be problematic. nevertheles

you >>> and -- >> quick programming note before we go tomorrow don't miss southwest airlines ceo gary kelly who will join us at 9:30 a.m. eastern the company will report earnings before the bell. that will do it for "squawk on the street." >> "techcheck" starts right now. ♪ >>> good wednesday morning welcome to "techcheck. our new show about technology here on cnbc i'm deirdre bosa with carl quintanilla and jon fortt and julia boorstin here with us as well a big day for tech news. netflix shares plunging as the company's growth slows is this a bump in the road or a sign of something amiss for the company? plus, how apple makes money? new products, new services, the prices and the cut that apple takes is in focus for us today. >>> speaking of apple, a hacking group is threatening the company battling to release confident documents unless it receives $50 million. jon? >> stocks meanwhile broadly recovering from a string of losses s&p up 0.3%. netflix as deirdre mentioned by far the biggest laggard on the s&p and nasdaq f.a.a.n.g. broadly lower, facebook, plab alphabet off. peloton, that stock

very smart people you're not going to go wrong with delta or america or united but partial to what gary kelly does at luv. all right. many of the stocks that will no doubt get thrown away, all right, next week after earnings, they don't deserve to be take advantage of the weakness and see if buying opportunities are created. i will work with you to find them on "mad money" tonight, i'm sitting down with the ceo of american electric power to have the largest coal fire technology in the u.s. to one of the largest renewable energy companies and doing it right don't miss the exclusive sky works announced a deal to buy a chip from silicon labs i'll sit down with liam griffin to find what it means for the stock and how could washington's infrastructure plans impact the largest steel company new corp i'll sit down with the ceo after earnings so stay with cramer. >> announcer: don't miss a second of "mad money." follow @jimcramer on twitter have a question, tweet cramer #madtweets send jim an email to madmoney@cnbc.com or give us a call at 1-800-743-cnbc miss something head to madmoney.cnbc.com. did

what do you think about it >> you don't want jetblue, you want southwest air gary kelly, best operatoro go to andrew in virginia an andrew?! >> caller: what's up, jim? big boo-yah to you >> thank you what's going on here >> caller: a few years back, about fyi years back, d&w was looked at as a risky stock what's your feelings about it now? >> it's a risky stock. you know, i have a life insurance policy with them and that's about as close as they want to get to them. let's go to mark in kentucky mark you're in kentucky, you must be lucky. what have you got for me >> caller: i would like to ask you about btrn >> nothing to see, keep moving on keep moving on that's the merger. no, that's a cats and dogs stock. and i would rather see you in petco. let's go to jack in pennsylvania jack?! >> caller: cramer, how are you, sir? >> not bad thank you for asking how about you, jack? >> caller: very good cramer, since you digested ge's earnings report, are you still bullish on the stock >> bingo, absolutely look, once people start flying again, which they're starting to do, this is going to be one

don't know what what your thoughts were about the quarter from yesterday >> -- better quarter and gary kelly quarter when we talked to him on southwest air later this week. he's going to have a fantastic quarter. talk about expansion why he needs new planes. he's really coming on strong i think he's used the pandemic better than anyone in the airline industry other than greg smith, who look at thatstop stock with the departure of greg smith at boeing. there is a ceo who created tremendous value. >> right we were kidding about his age. he's obviously looking for his next opportunity when mr. calhoun is extended the way he is it is clear that is not going happen for -- >> at that age you are done. you either leave or you are done. >> he's got enough runway ahead of him no pun -- thank you. to land another job as a ceo but if you hang if there couple more years, carl. >> going to be a soft landing not a crash landing. >> your late fifties then it's tougher. >> you're done you're never moving. and it was time for greg and remember he was the ceo for what >> twenty minutes, ibm jim was right thou

share count substantially over this last year i still wonder we bring the ceos on we talked to gary kellyhe future we talked to so many of them briz travel continues to be a real question mark business and gets to the larger question of as we finally get back to reopening, how many people will be coming back to the office 70, 80%, 90? how many executives and salespeople and everybody else will take back to going for the meeting, getting on the airplane all the time i think about road shows, for example, that have been going on lately, many times for spaces. nobody is traveling for these things and they are perfectly happy. they can do a zoom throughout the day. and i just wonder to come back to airlines here, business travel, you know, could be years before it really fully recovers, at all. >> how about you are a major bank and call your top people in and say i want everyone who is vaccinated to call different clients and say get out there and see them listen we want to come see you we miss you. can then take you out to a fancy restaurant and they have you go to a show or whatever. and ne

it's a place to go remember, gary kelly is always talking about southwest air. well, we're ready but no place to go. well, new york city is going to be the destination in this country, and if they can pull this off, and i think that all of the airline stocks have been up, let them take some profits and then go right back to them because the reopening of america, same thing with the cruise lines, reopening of america, let's not lose sight that there's a huge amount of money here and you will reopen america and go on google and you will look at the travel breaks, and you're going to buy. airbnb, another great one. i see so much to like after this sell-off and the sell-off is always manufacturing, carl. it's an end of the month sell-off and it is a sell in may, it is just trying to beat sellers and there's really nothing to just sell on. is it chevron? is it exxon? no, they're no longer major companies. there was nothing that stands out to me as a reason to sell, other than the drug stocks so i think it's almost by rote i got up this morning at 3:15. and it said to

. >> our apologies it reminds me the many times gary kelly has been on our air i look back, july 2019, came on "squawk on the street" and said i want your viewers to understand we have one issue and it's the max and then you had calhoun come on, some months later saying we let them down. so that relationship, at least in the last couple of years, has been fraught. >> without a doubt and it is still under some pressure one would expect as things come back to some level of normalcy. listen, you know, when i think of boeing at this point, in particular, we're only a couple of weeks away from the anniversary of the $25 billion worth of bonds that the company sold, it was a seminal moment, if you remember of course, because it did mean that the company could potentially, was not going to need to raise further funds at that point, and there was a lot of concern about boeing, and it did show the health of the capital markets in coming to the aid of so many companies that desperately needed it. so we'll be, i think it was the 30th of april, last year, 25 billion for boeing, obviously a differ

may be muted for some time as opposed to when you're competing for customers >> yes, it's what gary kellysouthwest told us last week, guys, and that's long-term, it's a difficult call, because you don't know what kind of role these new tech tools that we have are going to play in those kinds of marginal decisions within corporate about travel and budgets in general, really but we're going to see jim, i mean to your broader point though, scott gottlieb, op-ed in the journal today, talking about the masks probably need to get dropped, at least outdoors, and there's a report on cnn today that the president will essentially announce something like that tomorrow >> good. >> meanwhile, we've got more counties and states saying we don't need as much vaccine, stop sending us so much, because the bookings at vaccination sites are not getting filled as much. >> carl, we're booking today. >> meanwhile, are you not concerned that demand for the vaccine seems to be ebbing because we have not vaccinated nearly everybody in the country. >> the people who need to be vaccinated, older, elderly, it looks l

positive comments from gary kelly there.the load factor story, 63%, that's god news and also looking at based on booking trends, they're hopeful that they are going to break even encore cash flow per customer better by june, that's not far off, again, decent coming out of southwest airlines, nancy, guest of the show, southwest got leisure space exposure and basically because of the fact that they don't have the business, they are dependent on business travel they could do better. i want to show you southwest airlines. we have headline that is we are watching for you. some americans are seeing snow and freezing temperatures in april, parts of midwest, several inches of snow in wisconsin. terrifying dash cam video showing a semitruck losing control, slamming into a snow flow causing 22 car pile-up, one person killed, several others were hurt in the pile-up, on the east coast, hail slamming parts of new york city as storms are moving across the big apple yesterday and still pretty chilly in the big apple today. well, cosco warn

quarter as conditions improve -- continue to improve don't miss a first on cnbc interview with gary kellyox" on cnbc so you're a small business, or a big one. you were thriving, but then... oh. ah. okay. plan, pivot. how do you bounce back? you don't, you bounce forward, with serious and reliable internet. powered by the largest gig speed network in america. but is it secure? sure it's secure. and even if the power goes down, your connection doesn't. so how do i do this? you don't do this. we do this, together. bounce forward, with comcast business. >>> still to come this morning, jon gray and investing on the everything rally stay tuned "squawk box" will be right back. when we started carvana, they told us that selling cars 100% online wouldn't work. but we went to work. building an experience that lets you shop over 17,000 cars from home. creating a coast to coast network to deliver your car as soon as tomorrow. recruiting an army of customer advocates to make your experience incredible. and putting you in control of the whole thing with powerful technology. that's why we've become the

don henley gary clark, jr george strait. kacey musgraves. kelly clarkson khalid clint black.nd willie nelson. >> jimmy: whoa >> get down! and those are all texas artists. and we've got people like selena gomez, jonas brothers, woody harrelson, jennifer garner, megan thee stallion, renee zellweger, popping by for appearances. it's hopefully going to be a a revival. >> jimmy: how are you not exhausted right now? >> i am exhausted! [ laughter ] i got bags under my -- i'm not getting much sleep putting this production together. i am thankful i've got some great people helping me out. but we are -- we're up against it, know what i mean you put these benefits together, it has to be a timely fashion, but you also want to put on a good show so, we're working our tails off, and i got a lot of people that aren't getting any sleep either so i can't gripe about it >> jimmy: people can see it on your brand-new youtube channel congrats on that i think it's like throwing -- you're putting together woodstock. which is kind of amazing except this is a benefit woodstock. >> it's all going to g

kelly, you break turnover. damian lee with a flagrant foul here on gary trent junior, and it just gets worse all night long. siachen had his way he'll get a spot up three here three of his 36 disinterested and unmotivated to say the least. 1 30 to 77 step. what are you so happy about? all right, the sharks did win their third in a row. three. nothing over the kings. and there are other parts of the animal, moke inglis said to the sharks. how about this cat that manages to find its way onto the field in the middle of the colorado game with the dodgers? that's a big cat, right? build up the game a right? build up the game a little bit. that's the sporty -(birds chirping) -phil: mm! (both speaking italian) ah! we're taking a four-week bicycle trip through the vineyards of italy! we figure that this summer, our whole lives are gonna be turned upside-down when haley, dylan, and their twins move in with us, so why not splurge on a grandbaby-moon? i can't believe after all those nights at fratelli's talking about going to italy, it's actually happening. (italian accent) ohh, american lady! why do you do this to me

kelly, you bray and watch damien lee with a flagrant foul of gary trent junior that turns into two moree throws, and they just made it look ridiculously easy, jack, um, with a spot up three. he had 36 did anything he wanted, disinterested, unmotivated, extremepride. they2 points at 1.1 30 to 70. 71 of the most embarrassing glasses in golden state warrior history. then you've got the san francisco giants in the oakland a's got 161 games left. both teams would like to bounce back for less than memorable openers and meantime, major league baseball with some major news today, mlb has announced that they are moving the 2021 all star game out of georgia. and more specifically atlanta in direct response to the new law ingeorgia, that is blatantly limited voting access to people of color. there also wreak locating their draft no new site for the game has been decided upon good for major league baseball, all right friday night of the videos. some time to check this out. not really sure what this gentleman is trying to do, but it takes him a couple of efforts to get it done, apparently tried to d