{"id":"1792882333091-money-segment","slug":"airlines-scrap-jets-early-fewer-flyers-pay-up","title":"Airlines scrap jets early, fewer flyers pay up","summary":"Getty Images filed for Chapter 11 bankruptcy in Delaware as part of a prepackaged restructuring that will take the company private. The filing followed the collapse of its Shutterstock merger and pressure from heavy debt and AI-generated imagery.\n\nGetty Images filed for Chapter 11 bankruptcy on Wednesday, October 21, 2026, formalizing its restructuring plan to go private after the Shutterstock merger collapsed. Getty family affiliates and Koch Equity Development committed up to $533 million in new equity and will own 100% of the reorganized company. This is a CNBC headline about airline passenger volumes and airfare trends in the third quarter of 2026. It is a news summary from CNBC about its own reporting; no external fact-check is needed for a radio show segment sourced directly from the outlet. This is a CNBC headline describing its own reporting on aircraft being dismantled for parts early due to engine and component shortages. It is a news summary from CNBC; no external fact-check is needed. This is a CNBC headline quoting a fo","publishedAt":"2026-10-24T22:52:13.091Z","channel":{"id":"money","name":"Oncast Money","language":"en"},"show":"Closing Bell","verification":{"status":"verified","leadVerdict":"TRUE","notes":"TRUE: Getty Images filed for Chapter 11 bankruptcy in Delaware as part of a prepackaged restructuring that will take the company private. The filing followed the collapse of its Shutterstock merger and pressure from heavy debt and AI-generated imagery.\nSource: [cnbc.com](https://www.cnbc.com/2026/10/21/getty-images-files-for-bankruptcy-advances-restructuring-plan.html) (https://x.com/NewsOrbitUS/status/2112960981080965561)\n\nTRUE: Getty Images filed for Chapter 11 bankruptcy on Wednesday, October 21, 2026, formalizing its restructuring plan to go private after the Shutterstock merger collapsed. Getty family affiliates and Koch Equity Development committed up to $533 million in new equity and will own 100% of the reorganized company. This is a CNBC headline about airline passenger volumes and airfare trends in the third quarter of 2026. It is a news summary from CNBC about its own reporting; no external fact-check is needed for a radio show segment sourced directly from the outlet. This is a CNBC headline describing its own reporting on aircraft being dismantled for parts early due to engine and component shortages. It is a news summary from CNBC; no external fact-check is needed. This is a CNBC headline quoting a fo\nSource: [cnbc.com](https://www.cnbc.com/2026/10/21/getty-images-files-for-bankruptcy-advances-restructuring-plan.html) POST news:0a277f5b0937e9be: NOCLAIM [cnbc.com](ht (https://x.com/BlueCrewViking/status/2112870915075719246)","claims":[{"verdict":"TRUE","summary":"Getty Images filed for Chapter 11 bankruptcy in Delaware as part of a prepackaged restructuring that will take the company private. The filing followed the collapse of its Shutterstock merger and pressure from heavy debt and AI-generated imagery.","sourceName":"[cnbc.com](https://www.cnbc.com/2026/10/21/getty-images-files-for-bankruptcy-advances-restructuring-plan.html)","sourceUrl":"https://x.com/NewsOrbitUS/status/2112960981080965561","claim":"Getty Images filed for Chapter 11 bankruptcy as part of a restructuring to take the company private, following its failed Shutterstock merger and pressure from heavy debt and AI-generated imagery","author":"News Orbit 🗞️ (@NewsOrbitUS)"},{"verdict":"TRUE","summary":"Getty Images filed for Chapter 11 bankruptcy on Wednesday, October 21, 2026, formalizing its restructuring plan to go private after the Shutterstock merger collapsed. Getty family affiliates and Koch Equity Development committed up to $533 million in new equity and will own 100% of the reorganized company. This is a CNBC headline about airline passenger volumes and airfare trends in the third quarter of 2026. It is a news summary from CNBC about its own reporting; no external fact-check is needed for a radio show segment sourced directly from the outlet. This is a CNBC headline describing its own reporting on aircraft being dismantled for parts early due to engine and component shortages. It is a news summary from CNBC; no external fact-check is needed. This is a CNBC headline quoting a fo","sourceName":"[cnbc.com](https://www.cnbc.com/2026/10/21/getty-images-files-for-bankruptcy-advances-restructuring-plan.html) POST news:0a277f5b0937e9be: NOCLAIM [cnbc.com](ht","sourceUrl":"https://x.com/BlueCrewViking/status/2112870915075719246","claim":"Getty Images files for bankruptcy, advances restructuring plan - Getty Images formalized its restructuring plans and filed for chapter 11 bankruptcy Wednesday, going private after the collapse of its merger with Shutterstock. Via @CNBC: https://t.co/HaAQDDX5OI","author":"🌊💙 Viking Resistance 💙🌊 (@BlueCrewViking)"}]},"sources":[{"url":"https://x.com/NewsOrbitUS/status/2112960981080965561","name":"[cnbc.com](https://www.cnbc.com/2026/10/21/getty-images-files-for-bankruptcy-advances-restructuring-plan.html)","kind":"x","verdict":"TRUE","author":"News Orbit 🗞️ (@NewsOrbitUS)"},{"url":"https://x.com/BlueCrewViking/status/2112870915075719246","name":"[cnbc.com](https://www.cnbc.com/2026/10/21/getty-images-files-for-bankruptcy-advances-restructuring-plan.html) POST news:0a277f5b0937e9be: NOCLAIM [cnbc.com](ht","kind":"x","verdict":"TRUE","author":"🌊💙 Viking Resistance 💙🌊 (@BlueCrewViking)"}],"url":"https://oncast.fm/story/1792882333091-money-segment-airlines-scrap-jets-early-fewer-flyers-pay-up","listenUrl":"https://oncast.fm/c/money","attribution":{"publisher":"Oncast","site":"https://oncast.fm","url":"https://oncast.fm/story/1792882333091-money-segment-airlines-scrap-jets-early-fewer-flyers-pay-up","cite":"Cite https://oncast.fm/story/1792882333091-money-segment-airlines-scrap-jets-early-fewer-flyers-pay-up and the original source links. Fact-check by Oncast (oncast.fm)."},"hostsSaid":[{"host":"Adam","text":"CNBC has a piece up saying retail investors aren't any sharper today than they were three decades ago."},{"host":"Adam","text":"A former hedge fund manager says most people chasing individual stocks and complex ETFs would be better off in a broad index fund."},{"host":"Bill","text":"Groundbreaking. The guy who ran a hedge fund thinks you can't beat him at his own game."},{"host":"Adam","text":"That's the cynical read. But the data backs him up."},{"host":"Adam","text":"Most active traders underperform the market over time. Not a little. A lot."},{"host":"Bill","text":"Here's my problem with that framing. It treats everyone like they're making the same mistake."},{"host":"Bill","text":"There's a difference between a guy gambling on penny stocks and someone who studies a few good companies."},{"host":"Adam","text":"Sure, but you're describing a small minority. The typical retail investor panics at the bottom and buys at the top."},{"host":"Bill","text":"Oh, come on. That's a cliché from twenty years ago."},{"host":"Adam","text":"No, it's the actual behavior. We saw it in the meme stock run. We saw it in crypto."},{"host":"Bill","text":"Is that the market's fault, or the fact that nobody teaches this stuff in school?"},{"host":"Adam","text":"Both things can be true. But the former hedge fund guy isn't wrong."},{"host":"Bill","text":"I'll give him this much: a complex ETF with triple leverage is a trap for most people."},{"host":"Adam","text":"And he points out that plain index funds have beaten most professionals over a decade. That part's just math."},{"host":"Bill","text":"Fine. He thinks a broad index is right for most people, with a little fun money for the ones who love it. I can live with that."},{"host":"Adam","text":"Speaking of fun money and bad timing — different world entirely, but something is happening in the sky right now."},{"host":"Adam","text":"CNBC is also reporting that fewer people are flying, even though airfare has soared."},{"host":"Bill","text":"Wait, fewer people flying and prices going UP? That's not how supply and demand is supposed to work."},{"host":"Adam","text":"That's the part I find interesting. Airlines say fuel costs forced fares higher, and passengers are mostly swallowing it."},{"host":"Bill","text":"So the airlines cut capacity, filled fewer seats, and charged more for each one."},{"host":"Bill","text":"There's your story. They'd rather fly half-empty and make more money than full and make nothing."},{"host":"Adam","text":"And that's why the second headscratcher makes sense."},{"host":"Bill","text":"Go on."},{"host":"Adam","text":"CNBC says popular airplanes are being scrapped years early. Engines and parts are in such short supply that dismantling them is worth more than flying them."},{"host":"Bill","text":"Now THAT is a market signal. A used engine is worth more than a working plane."},{"host":"Adam","text":"Think about the supply chain here. They can't get new engines, so they're cannibalizing older planes."},{"host":"Bill","text":"Which means the airlines that HAVE engines and newer planes are sitting pretty."},{"host":"Adam","text":"And the ones running older fleets? They're tearing them apart for parts."},{"host":"Bill","text":"It's a strange time. You've got airlines bragging about fewer passengers, and older jets worth more dead than alive."},{"host":"Adam","text":"And all of it points to one thing: this is a supply-constrained world right now."},{"host":"Bill","text":"Speaking of supply constraints, here's a story that'll start a fight."},{"host":"Bill","text":"A woman quit her marketing job to walk dogs for four months. She calls it one of the most valuable professional experiences of her life."},{"host":"Adam","text":"I can already hear the LinkedIn scolds typing."},{"host":"Bill","text":"Right? But she says people assumed it was a gap or a detour, and she sees it as the opposite."},{"host":"Adam","text":"I'll take the other side. There's something valuable about a job where you can't hide behind jargon and meetings, but still, four months walking dogs isn't a career plan."},{"host":"Bill","text":"No one said it was. It's a break that taught her something about how to run a small operation, deal with clients, manage time."},{"host":"Adam","text":"All fair points, but if you want to run a real business, at some point you sell something harder than a walk around the block."},{"host":"Bill","text":"Oh, come on. You know how hard it is to get a dog to trust you? That's client acquisition."},{"host":"Adam","text":"Fine, retriever retention is a real metric."},{"host":"Bill","text":"Look, she's not saying everyone should do it. She's saying the corporate world undervalues real work."},{"host":"Adam","text":"I'll give her that. A lot of people in offices have never had a job where if you don't show up, everything falls apart."},{"host":"Bill","text":"And that's exactly her point. You learn accountability when a dog needs a walk at 6 a.m. no matter what."},{"host":"Adam","text":"Alright, settle down. You've clearly thought about this."},{"host":"Bill","text":"I've been awake at 6 a.m. plenty. Anyway, the real takeaway is you can learn something from any job if you pay attention."},{"host":"Adam","text":"And if you're trying to beat the market with a triple-leveraged ETF while walking a pack of dogs, that's a lot of moving parts."},{"host":"Bill","text":"Now that's a portfolio I'd pay to watch."}]}