Airlines could save billions with pilotless planes

UBS estimates that pilots cost $31 billion per year. (LilaMax Media)

U.S. households now collectively have more than $1 trillion in credit card debt, according to a report Monday released by the Federal Reserve, and it is the highest in history. An analyst at says this milestone should serve as a wake-up call to Americans to pay down credit card debt.

Anthem is pulling out of Nevada's Obamacare exchange for 2018 and cutting its presence in Georgia's marketplace roughly in half, the company announced Monday. Other insurers are also expected to downsize their involvement or to hike rates in coming weeks. The company says the Affordable Care Act market remains too volatile for Anthem's liking.

Would you fly in a pilotless plane? UBS estimates that pilots cost $31 billion per year, plus $3 billion in training. Autonomous planes would also be more efficient, UBS notes, bringing in another $1 billion in fuel savings. It sounds crazy, but there is a well-publicized shortage of pilots happening in the coming year.

Boeing and SpaceX are both gearing up to send astronauts to space from American soil in 2018, something that hasn't happened since 2011. Both companies were tasked by NASA's commercial crew development program to build manned space capsules that will send astronauts to the International Space Station.

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