Categories
Business

American Airlines agrees to buy 20 supersonic planes from Boom

American Airlines has agreed to purchase 20 supersonic Overture planes from Boom Supersonic, the companies announced Tuesday. The deal is the second firm order in the last two years for Boom, still years from building its first commercial airplane. United Airlines made a commitment last year to buy 15 Overture jets. “Passengers want flights that […]

Categories
Business

Even airline employees are having trouble finding a seat home from Europe this summer

International passengers walk through the arrivals area at Terminal 5 at Heathrow Airport on November 26, 2021 in London, England. Leon Neal | Getty Images News | Getty Images Airlines want people to take a European vacation this summer — as along it’s not their employees. Carriers are discouraging their staff from using their employee perks […]

Categories
Business

Business travel costs are expected to rise through 2023, industry report says

Passengers wait for flights with their luggage at Heathrow airport in London Luke MacGregor | Reuters The cost of business travel, from hotels to airfare, is set to rise through 2023 as demand returns more than two years after the Covid pandemic began, according to an industry report published Wednesday. Business travel airfare is on […]

Categories
Business

Boeing delivers first 787 Dreamliner since 2021 ending pause over manufacturing flaws

An employee works on the tail of a Boeing Co. Dreamliner 787 plane on the production line at the company’s final assembly facility in North Charleston, South Carolina. Travis Dove | Bloomberg | Getty Images Boeing delivered its first 787 Dreamliner in more than a year on Wednesday, ending a pause on handovers of the […]

Categories
Business

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 of its 787 Dreamliners in the coming days, the Federal Aviation Administration said Monday. Deliveries of the wide-body jetliners have been suspended for much […]

Categories
Business

International airlines launch battle plans to deal with summer of travel chaos

American Airlines made “short notice” cancellations in July while easyJet changed its schedule when airports announced passenger capacity caps. Stephen Brashear | Getty Images The aviation industry has been in disarray since the onset of the Covid-19 pandemic. Now, a perfect storm of strikes and staff shortages is forcing airlines to shore up their battle […]

Categories
Business

The confusing job market: Tech and finance brace for the worst, retail is mixed, travel can’t hire fast enough

Passengers at an American Airlines gate at the Dallas/Fort Worth International airport in Dallas. Scott Mlyn | CNBC It wasn’t long ago that Amazon, Shopify and Peloton doubled their workforces to manage through the pandemic surge, while Morgan Stanley staffed up to handle a record level of IPOs, and mortgage lenders added headcount as rock-bottom […]

Categories
Business

From legroom to airfare: 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 itself to JetBlue Airways for $3.8 billion, hours after breaking off a merger agreement with Frontier Airlines that failed to win enough shareholder support. The […]

Categories
Business

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 JetBlue Airways finally won over Spirit Airlines with a $3.8 billion takeover deal. Now it needs to win over antitrust regulators. The New York-based airline […]

Categories
Business

JetBlue agrees to buy Spirit in $3.8 billion deal to create 5th-largest U.S. airline

LaGuardia International Airport Terminal A for JetBlue and Spirit Airlines in New York. Leslie Josephs | CNBC JetBlue Airways reached a deal to buy Spirit Airlines, hours after the discount carrier scrapped plans to merge with Frontier Airlines. JetBlue said it will pay $33.50 a share in cash for Spirit in a $3.8 billion deal. […]