By Laura Cooper July 3, 2022 9:03 am ET Listen to article (2 minutes) Investment banks are facing big losses on leveraged buyouts they agreed to finance before markets soured, further chilling the out...
Tag: Transportation
Fourth of July travel surge puts airlines — and passengers — to the test
Travelers at LaGuardia Airport in New York on June 30, 2022. Leslie Josephs | CNBC The Fourth of July holiday weekend will put airlines to the test after a messy spring angered travelers and drew shar...
Self-driving cars from GM’s Cruise block San Francisco streets
A robot car of the General Motors subsidiary Cruise is on a test drive. Andrej Sokolow | picture alliance | Getty Images Automotive and tech executives long promised autonomous vehicles would drive be...
General Motors (GM) Q2 2022 US sales
The GM logo is seen on the facade of the General Motors headquarters in Detroit, Michigan, March 16, 2021. Rebecca Cook | Reuters DETROIT – General Motors’ U.S. vehicle sales were down about 15%...
GM expects Q2 net income of between $1.6 billion and $1.9 billion
Mary Barra, Chair and CEO of the General Motors Company (GM), speaks during the Milken Institute Global Conference in Beverly Hills, California, on May 2, 2022. Patrick T. Fallon | AFP | Getty Images ...
UK-based startup Tevva launches hydrogen-electric truck
U.K.-based startup Tevva on Thursday launched a hydrogen-electric heavy goods vehicle, becoming the latest company to make a play in a sector attracting interest from multinationals like Daimler Truck...
Three Ways Inflation May Impact Future Transportation Choices
Inflation. It’s a simple, three-syllable, nine-letter word, yet right now, it feels nine trillion times worse than the four-letter words society bristles at and shuns. And, speaking of four-letter wor...
American Airlines offers pilots nearly 17% raises in new contract proposal
Pilots talk as they look at the tail of an American Airlines aircraft. Mike Stone | Reuters American Airlines CEO Robert Isom on Thursday said the carrier has offered its pilots pay raises totaling ne...
FCC approves SpaceX Starlink service to vehicles, boats, planes
The Starlink logo is seen in the background of a silhouetted woman holding a mobile phone. Sopa Images | Lightrocket | Getty Images The Federal Communications Commission authorized SpaceX to provide S...
Disney to launch Wish cruise ship
Captain Minnie poses on board Disney’s newest cruise ship The Wish. Disney It’s been a decade since Disney has expanded its cruise fleet. Its newest addition, set to launch in a couple wee...
Spirit again delays shareholder merger vote to continue talks with Frontier, JetBlue
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 on Wednesday de...
Delta offers free flight changes over July Fourth weekend
An Airbus A330-323 aircraft, operated by Delta Air Lines. Benoit Tessier | Reuters Delta Air Lines is allowing travelers to change their tickets for free during the busy Fourth of July weekend, allowi...
Port of Oakland slashing free wait time for import containers
In an aerial view, shipping containers sit on the dock at the Port of Oakland on May 20, 2022 in Oakland, California. Justin Sullivan | Getty Images The Port of Oakland has had enough of the long-dwel...
Frontier, JetBlue battle over Spirit Airlines goes down to the wire with competing bids
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 The most heated air...
New car quality declined 11%, blame supply chain problems: J.D. Power
Billboards at the Ziegler Cadillac, Buick and GMC Dealership in Lincolnwood, Illinois, the United States. U.S. General Motors Co. Joel Lerner | Xinhua News Agency | Getty Images New vehicle quality de...
Rocket Lab launch of CAPSTONE begins NASA return to the moon
The company’s Electron rocket carrying the CAPSTONE mission lifts off from New Zealand on June 28, 2022. Rocket Lab Rocket Lab launched a small spacecraft bound for the moon from its New Zealand...
Why UPS Stock Could Be a Winner. Margins Are Improving.
Text size UPS CEO Carol Tome.. (Photo by JIM WATSON / AFP) (Photo by JIM WATSON/AFP via Getty Images) AFP via Getty Images Until recently, United Parcel Service operated a little like the New York Yan...
JetBlue Raises Offer to Buy Spirit Airlines—Again
JetBlue Airways Corp. isn’t backing down in its fight to buy Spirit Airlines Inc. raising its offer yet again in an effort to outmaneuver rival Frontier Airlines. JetBlue on Monday proposed a $400 mil...
American Airlines’ Envoy Air offers pilots triple pay for July trips
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 ...
JetBlue ups offer for Spirit Airlines ahead of shareholder vote
JetBlue Airways again increased its offer for Spirit Airlines with a shareholder vote for the discounter’s deal to merge with Frontier Airlines just days away. Frontier sweetened its offer on Fr...
Cruise Lines Can’t Duck Their Debt
Cruise ships, it seems, are like ducks—elegant and effortless above the water, fighting like crazy to stay afloat beneath. On the surface, the industry is finally steaming ahead after over a year at b...
Frontier sweetens offer for Spirit merger as shareholder vote looms
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 h...
Spirit Airlines Sticks With Frontier Deal After Sweetened Offer
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Carnival Stock Surges as Second-Quarter Revenue Rises Sharply
Text size A large Carnival cruise ship docked at port in turquoise blue water. Dreamstine Shares of Carnival were rising Friday after the cruise line posted second-quarter revenue that rose sharply fr...
Airlines, FAA spar over flight delays ahead of July Fourth
Travelers wait to board a plane at Miami International Airport in Miami, Florida, on April 22, 2022. Daniel Slim | AFP | Getty Images Airlines and the Federal Aviation Administration are pointing the ...
United Airlines pilots to get raises of more than 14% in new contract
Boeing 777ER United Airlines. Aircraft to Fiumicino Leonardo da Vinci Airport. Massimo Insabato | Mondadori Portfolio | Getty Images The union representing United Airlines pilots has approved a tentat...