Northrop Grumman’s Antares rocket lifts off from NASA’s Wallops Flight Facility in Virginia on Aug. 10, 2021 carrying a Cygnus spacecraft with cargo for the International Space Station. Te...
Tag: Aerospace and defense industry
Spirit Airlines (SAVE) earnings Q2 2022
Spirit Airlines planes on the tarmac at the Fort Lauderdale-Hollywood International Airport on February 07, 2022 in Fort Lauderdale, Florida. Joe Raedle | Getty Images Spirit Airlines reported a secon...
Boeing Dreamliner deliveries to resume in the ‘coming days,’ FAA says
An American Airlines Boeing 787-9 Dreamliner approaches for a landing at the Miami International Airport on December 10, 2021 in Miami, Florida. Joe Raedle | Getty Images Boeing will resume deliveries...
Musk’s SpaceX raises $250 million in equity, up to $2 billion in 2022
A Starship prototype stands on the company’s launchpad in Boca Chica, Texas on March 16, 2022. SpaceX Elon Musk’s SpaceX raised $250 million in an equity round last month, the company disc...
Varda signs NASA partnerships for space factory demo flight next year
Varda co-founders Varda Space Industries Early stage Varda Space Industries has signed a pair of agreements with NASA, the company announced Friday, securing access to key technologies the company wil...
Virgin Galactic again delays space tourism flights to second quarter 2023
Carrier aircraft VMS Eve takes off from Spaceport America in New Mexico, carrying spacecraft VSS Unity on July 11, 2021. Virgin Galactic Space tourism company Virgin Galactic on Thursday delayed the b...
Shift to new rocket amid losses, investigation
The company’s LV0010 rocket stands on the launchpad at Florida’s Cape Canaveral ahead of the NASA TROPICS-1 mission. Astra Small rocket-builder Astra said Thursday it would not have any ad...
Transportation Department proposes stricter rules for airline refunds after complaints surge
Travelers at LaGuardia Airport in New York on June 30, 2022. Leslie Josephs | CNBC The Transportation Department on Wednesday proposed stricter rules on when airlines would have to compensate passenge...
JetBlue shares tumble as costs push it to a loss despite profit forecast on higher fares
JetBlue Airways Airbus A320 passenger aircraft landing at John F. Kennedy International Airport in New York City. Nik Oiko | LightRocket | Getty Images JetBlue Airways shares tumbled more than 6% Tues...
How JetBlue’s takeover of Spirit could change air travel
Passengers wait in line at the Spirit Airlines check-in counter at Orlando International Airport. Paul Hennessy | LightRocket | Getty Images Spirit Airlines relented this week and agreed to sell itsel...
Masten files for bankruptcy after NASA moon contract struggle
Lunar-focused company Masten Space Systems filed for Chapter 11 bankruptcy protection on Thursday, with the venture winnowed down to a handful of people after layoffs and furloughs. The space company ...
Pilots describe toxic culture and airline errors
The chaos engulfing many major airports in North America and Europe since summer began hasn’t abated much, and news outlets and social media users continue to report on hordes of impatient trave...
JetBlue won the battle for Spirit. Now it has to win over Biden’s Justice Department
JetBlue Airlines and Spirit Airlines are seen on the departure board in the Fort Lauderdale-Hollywood International Airport on May 16, 2022 in Fort Lauderdale, Florida. Joe Raedle | Getty Images JetBl...
JetBlue to buy Spirit for $3.8 billion after monthslong fight for discounter
A JetBlue airliner lands past a Spirit Airlines jet on taxi way at Fort Lauderdale Hollywood International Airport on Monday, April 25, 2022. (Joe Cavaretta/Sun Sentinel/Tribune News Service via Getty...
Spirit Airlines, Frontier terminate deal that was marred by JetBlue’s rival bid
A Frontier Airlines airplane taxis past a Spirit Airlines aircraft at Indianapolis International Airport in Indianapolis, Indiana, on Monday, Feb. 7, 2022. Luke Sharrett | Bloomberg | Getty Images Spi...
Space economy grew to $469 billion in 2021, fastest rate in years: Report
People watch from Canaveral National Seashore as a SpaceX Falcon 9 rocket launches from pad 39A at the Kennedy Space Center in Cape Canaveral, Florida, Feb. 3, 2022. The rocket is carrying 49 Starlink...
Boeing Starliner astronaut capsule charges near $700 million
Boeing’s Starliner spacecraft is seen before docking with the International Space Station on May 20, 2022 during the uncrewed OFT-2 mission. NASA Boeing disclosed a charge of $93 million in the ...
Spirit shareholders to finally vote on Frontier deal clouded by rival JetBlue bid
A Frontier Airlines plane near a Spirit Airlines plane at the Fort Lauderdale-Hollywood International Airport on May 16, 2022 in Fort Lauderdale, Florida. Joe Raedle | Getty Images Spirit Airlines sha...
Boeing (BA) 2Q 2022 earnings fall short of estimates
An aerial view of Boeing 777X and Boeing 737 MAX 10 airplanes parked at King County International Airport-Boeing Field, in Seattle, Washington, June 1, 2022. Lindsey Wasson | Reuters Boeing on Wednesd...
American Airlines (AAL) 2Q 22 earnings
American Airlines posted its first quarterly profit since the Covid pandemic started without government aid but joined competitors in scaling back growth plans after a host of disruptions this year. T...
United Airlines (UAL) 2Q 2022 earnings
An aircraft takes off from O’Hare International Airport on January 18, 2022 in Chicago, Illinois. Scott Olson | Getty Images United Airlines on Wednesday notched a key profit milestone in its pa...
Mattel inks deal with Elon Musk’s SpaceX to produce line of toys
The company’s Cargo Dragon spacecraft rolls out to the launchpad in Florida atop a Falcon 9 rocket. SpaceX Mattel inked a multiyear deal with Elon Musk’s SpaceX to create a line of toys in...
Airline complaints nearly tripled in May from same month in 2019
Travelers at LaGuardia Airport (LGA) in the Queens borough of New York, US, on Friday, July 2, 2022. Angus Mordant | Bloomberg | Getty Images Staffing shortages. Delays. Lost luggage. Massive lines. H...
Spirit Airlines plans Houston crew base, its third new outpost in five months
A Spirit Airlines aircraft takes off at La Guardia Airport. John Nacion | LightRocket | Getty Images Spirit Airlines said Tuesday it plans to open a crew base at George Bush Intercontinental Airport i...
London flights suspended after runway damaged during heat wave
A sign reading “Welcome to Luton” is seen from an aircraft on arrival to Gatwick Airport, London, Britain, May 23, 2022. Tom Nicholson | Reuters Extreme heat in the U.K. on Monday caused r...
Supply chain issues are hindering 737 Max production increase
An aerial view of several Boeing 737 MAX airplanes parked at King County International Airport-Boeing Field in Seattle, Washington, June 1, 2022. Lindsey Wasson | Reuters Boeing CEO Dave Calhoun on Mo...
Delta buys 100 Max planes in first big Boeing order in over a decade
Delta Air Lines planes at John F. Kennedy Airport in New York. Getty Images Delta Air Lines is buying 100 Boeing 737 Max 10 planes, its first major order for new aircraft from the U.S. manufacturer in...
Airfares cool as peak summer travel season fades. Now what?
Passengers are seen at the Delta Air Lines check-in counters at Hartsfield-Jackson Atlanta International Airport ahead of the Fourth of July holiday in Atlanta, Georgia, July 1, 2022. Elijah Nouvelage...
ISS urges Spirit shareholders to vote against Frontier merger, calls JetBlue bid superior
LaGuardia International Airport Terminal A for JetBlue and Spirit Airlines in New York. Leslie Josephs | CNBC Proxy advisory firm Institutional Shareholder Services on Friday reversed its stance on Sp...
Investors put $2.5 billion into companies
A Falcon 9 rocket launches a batch of Starlink satellites to orbit on April 29, 2022. SpaceX Private investment in space companies dwindled in the second quarter — weighed down by broader economic and...
United Airlines, pilots’ union to renegotiate contract after last deal faced opposition
United Airlines and its pilots’ union are going back to the negotiating table for a new contract, a setback for the carrier after it was the first to reach a tentative agreement since the pandem...