Air travel is roaring back, but not without some significant hiccups. Particularly in North America and Europe, travelers have described chaos at airports, with scores of flights canceled or delayed, ...
Tag: Airlines
JetBlue Sweetens Its Offer for Spirit Airlines
Text size The Spirit board has already approved the Frontier cash and stock offer. Daniel Slim/AFP via Getty Images JetBlue further sweetened its offer for Spirit Airlines to $33.50 per share on Monda...
Inflation and recession fears are squeezing some industries more than others
A woman pushes a shopping cart through the grocery aisle at Target in Annapolis, Maryland, on May 16, 2022, as Americans brace for summer sticker shock as inflation continues to grow. Jim Watson | AFP...
Five Big Themes Facing The U.S. Airlines, And What These Could Mean
As the pandemic fades, U.S. airlines are facing new threats that must be addressed to ensure … [+] long-term survival. getty The U.S. airline industry saw many years of prosperous growth and fin...
The Housing Market Just Hit a Wall. What’s Next for Prices, Brokers, and Builder Stocks.
My summer portfolio strategy is to play the old disco hit “Baby Come Back” while slow dancing with my December brokerage statements. If it works, I have a business idea involving Hall, Oates, and a tw...
Airlines Stock Market on Decline despite Ongoing Travel Boom
The broader concerns of stakeholders in the airline industry can be attributed to the fears of recession. The ongoing beating that Wall Street stocks are taking is becoming more resounding among airli...
1,100 U.S. Flights Canceled Friday As Airlines Struggle With Travel Rebound
Topline As short-staffed airlines struggle with a surge in leisure travel with the coronavirus pandemic easing, 1,123 flights into and out of the U.S. were canceled as of 1 p.m. ET Friday and another ...
Spanish Airlines Partners With Bitpay To Accept Crypto Payments
Vueling S.A., European low-cost airline in Spain, has sealed partnership with American bitcoin payment service provider Bitpay to offer its customers the opportunity to make payments for tickets via c...
Buttigieg urges airline CEOs to ensure carriers fly reliably this summer after waves of disruptions
Passengers line up at John F. Kennedy International Airport after airlines announced numerous flights were canceled during the spread of the Omicron coronavirus variant on Christmas Eve in Queens, New...
Airline stocks tumble as economic concerns overshadow travel surge
An American Eagle aircraft taxis as a Southwest Airlines aircraft lands at Reagan National Airport in Arlington, Virginia, January 24, 2022. Joshua Roberts | Reuters Packed planes. Sky-high airfare. A...
American Airlines CEO vows to improve pilot pay as wages at other carriers rise
FILE – American Airlines President Robert Isom speaks at a news conference about the company’s new partnership with Alaska Airlines, Thursday, Feb. 13, 2020, in Seattle. American Airlines ...
Boeing Stock Soars On China 737 Max Test Flight, Plane Demand Bets
Updated at 1:25 pm EST Boeing (BA) – Get The Boeing Company Report shares powered higher Wednesday amid news that a key China carrier conducted test fights of the planemaker’s troubled 73...
FAA, airlines scramble to reduce summer travel delays
WARRENTON, Va. – During a morning meeting in early May, staff at the federal air traffic command center rattle off a few of the day’s obstacles: storms near the Florida coast and in Texas, a mil...
Spirit Airlines Is Getting Squeezed From All Sides—By JetBlue, Frontier And New Regional Pilot Contracts
Spirit introduced new check-in technology at Dallas Fort Worth International Airport in December … [+] 2021. ASSOCIATED PRESS Spirit Airlines is being squeezed on all sides, by two carriers that...
Boeing plane deliveries total 35 in May as it grapples with supply chain problems
A Boeing 737 MAX airplane lands after a test flight at Boeing Field in Seattle, Washington, June 29, 2020. Karen Ducey | Reuters Boeing said Tuesday it delivered 35 planes in May, on par with the prev...
U.S. airline bookings slipped again in May with fares 30% higher than 2019
Travelers walk through Terminal A at Orlando International Airport on Christmas Day, Saturday, December 25, 2021. Stephen M. Dowell | Orlando Sentinel | Getty Images U.S. airline bookings slipped 2.3%...
Spirit Airlines to decide on competing JetBlue, Frontier bids before end of June
A Spirit Airlines plane on the tarmac at the Fort Lauderdale-Hollywood International Airport on February 07, 2022 in Fort Lauderdale, Florida. Joe Raedle | Getty Images Spirit Airlines said Tuesday th...
American Airlines regional carriers hike pilot pay as shortage persists
American Airlines Embraer ERJ-145 regional jet aircraft as seen on final approach landing at New York JFK international airport in NY, on February 13, 2020. Nicolas Economou | Nurphoto | Getty Images ...
JP Morgan names Spirit Airlines a tactical trade due to possible merger
Spirit Airlines (NYSE: SAVE) has been in the news lately prompting the shares to gain over 26% in the last month. Namely, there is a high probability that the company will be part of a merger, as JPMo...
U.S. drops Covid testing requirement for international travelers
The Biden administration will drop the Covid-19 testing requirement for inbound air travelers from abroad on Sunday, ending one of the longest-running travel restrictions of the pandemic. The rule, pu...
Regional Carrier Piedmont Airlines And ALPA Pilots Sign Industry Leading Contract Deal
Piedmont Airlines operates a fleet of Embraer 145 regional jets. Piedmont Airlines Piedmont Airlines, a regional partner of American Airlines, and its pilots said Friday night that they have reached a...
Southwest Airlines customer service goes fully remote, reservations centers close
A traveler walks past a Southwest Airlines airplane as it taxies from a gate at Baltimore Washington International Thurgood Marshall Airport on October 11, 2021 in Baltimore, Maryland. Kevin Dietsch |...
Spirit Airlines shareholder meeting postponed to continue Frontier, JetBlue deal talks
A JetBlue Airlines plane takes off near Spirit Airlines planes at the Fort Lauderdale-Hollywood International Airport on May 16, 2022 in Fort Lauderdale, Florida. Joe Raedle | Getty Images Spirit Airl...
Emirates Airlines Says “Yes” to Crypto Payments
Emirates Airlines – the official airline of the United Arab Emirates (UAE) – has announced in an official statement it is willing to accept cryptocurrencies like bitcoin as methods of payment for plan...
Airbus Outlines Five Ways U.S. Airlines Can Meet 2050 Net-Zero Commitment
Airbus has a created a plan to help the world airline industry address a bold 2050 net-zero … [+] emissions target. getty The world airline industry, though the International Air Transport Assoc...
Citi: ‘United Airlines is more likely to surprise people on the upside’
Shares of the United Airlines Holdings Inc (NASDAQ: UAL) are roughly flat for the year, but a Citi analyst is convinced “revenge travel” will result in a significant upside for the stock m...
Spirit Airlines, Didi Global and more
Take a look at some of the biggest movers in the premarket: Spirit Airlines (SAVE) – Spirit jumped 6.1% in the premarket after JetBlue (JBLU) sweetened its bid for Spirit. JetBlue will increase its br...
The Stock Market Is Charting a New Course. It Won’t Be Pleasant.
Text size Delta Air Lines told investors that revenue would finally return to 2019 levels, amid strong travel demand. Brandon Bell/Getty Images The trend is your friend, or so they say. But right now,...
Frontier offers $250M reverse breakup fee if Spirit merger is blocked
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 Frontier Airlines&#...
United Airlines plans $100 million expansion of pilot training center
A United Airlines passenger aircraft prepares to leave its gate and taxi to the runway at San Francisco International Airport in San Francisco, California. Robert Alexander | Getty Images United Airli...
These 16 stocks in the S&P 500 crumpled at least 9% a day after the Fed raised rates
One day after U.S. stocks got a reprieve as the Federal Reserve lifted its target range for short-term interest rates by 0.75 percentage point, inflation fears built a new wall of worry to send U.S. s...