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Business

Inflation is cooling, but prices on many items are going to stay

A grocery store in New York. Wang Ying | Xinhua News Agency | Getty Images Inflation may be cooling. But, for most Americans, the price of a cup of coffee or a bag of groceries hasn’t budged. In the months ahead, the big question is whether consumers will start to feel relief, too. Over the […]

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FAA says contractor unintentionally deleted files before outage

An American Airlines Airbus A319 airplane takes off past the air traffic control tower at Ronald Reagan Washington National Airport in Arlington, Virginia, January 11, 2023 Saul Loeb | AFP | Getty Images The Federal Aviation Administration said Thursday that a contractor unintentionally deleted files before an outage of a pilot-alert system that delayed thousands […]

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Treasury yields fall as traders assess data, Fed outlook

U.S. Treasury yields were lower on Wednesday as uncertainty around the outlook for monetary policy and the economy, along with some weak earnings reports from Wall Street, clouded risk sentiment. The yield on the benchmark 10-year Treasury note fell just over 5 percentage points to 3.4812% while the yield on the 30-year Treasury bond shed […]

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Business

United results top estimates as demand remains resilient despite

A grounds crew member directs an United Airlines airplane to a gate at Terminal A at Newark Liberty International Airport (EWR) in Newark, New Jersey, US, on Thursday, Jan. 12, 2023. Aristide Economopoulos | Bloomberg | Getty Images United Airlines‘ fourth-quarter profit and outlook for early 2023 topped Wall Street estimates thanks to strong travel […]

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Business

Delta curbs employee access to luxury airport lounges as it

Delta Air Lines plans to curb employee access to its plush and popular airport lounges next month, its latest attempt to ease crowding. Starting Feb. 2, Delta won’t allow employees to use the airline’s airport Sky Clubs when they’re flying standby with company travel privileges, the carrier told staff in a long memo on Wednesday. […]

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FAA lifts U.S. ground stop after technology outage delays

The Federal Aviation Administration lifted its nationwide halt of departing planes on Wednesday morning after a technology outage delayed thousands of flights, but airlines warned the issue will continue to disrupt travel throughout the day. The FAA said early Wednesday domestic departures would be paused until at least 9 a.m. ET while the agency worked to restore the Notice to […]

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Everyone’s elite, but not for long. Airlines make travel perks

The new Delta SkyClub at Los Angeles International Airport (LAX), Terminals 2 and 3 where the reimagined state-of-the-art facilities will soon welcome millions of guests each year. Media News Group | Long Beach Press-Telegram via Getty Images When United Airlines gate agents call the first boarding group, Ted Cohen notices something he never saw in […]

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It costs over $200,000 to paint a plane — here’s a look into the

Commercial aircraft are generally expensive to manufacture, operate, maintain and fly, but not many think about the cost that goes into painting one. Dean Baldwin Painting is a 57-year-old aircraft painting company based in Macon, Georgia. It owns and operates five facilities across the U.S. Its clients are some of the largest airlines in the […]

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Business

Delta plans to offer free Wi-Fi starting Feb. 1

The passenger cabin on a Delta Boeing 737-900ER is shown while landing in Salt Lake City, Utah. Mike Blake | Reuters Delta Air Lines will offer travelers free Wi-Fi starting Feb. 1, after years of studying the possibility. Most U.S. flights will introduce the service next month, but it will become available on more each […]

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Business

Stocks making the biggest moves midday: Southwest, Peloton,

Southwest Airlines aircrafts are seen at Baltimore/Washington International Thurgood Marshall Airport (BWI) on December 22, 2021 in Baltimore, Maryland. Alex Wong | Getty Images Check out the companies making headlines in midday trading. Southwest — Shares dropped more than 4% after the company canceled 70% of its scheduled flights and warned that mass disruptions would continue “for […]