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Business

Delta offers free flight changes over July Fourth weekend ahead of possible ‘operational challenges’

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, allowing fliers to avoid paying a fare difference and skip the airport during a “potentially challenging” few days. The unusual offer, normally extended […]

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Business

Treasury yields fall as traders track economic data, Fed remarks

U.S. Treasury yields were lower on Wednesday as investors continue to assess the economic outlook amid rising recession fears. At around 2:40 a.m. ET, the yield on the benchmark 10-year Treasury note was down at 3.1434% while the yield on the 30-year Treasury bond dropped to 3.2666%. Yields move inversely to prices. As the second […]

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Business

United Airlines pilots to get raises of more than 14%, 8 weeks of maternity leave 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 tentative deal that would give the aviators pay raises of more than 14%, making it the first major U.S. carrier to reach a deal since the start […]

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Business

Airlines, FAA spar over flight delays as crucial Fourth of July weekend approaches

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 finger at each other over a rising rate of flight cancellations and delays, just as millions prepare for a July 4th travel […]

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Business

United Airlines will cut 12% of domestic Newark flights to help tame delays

A United Airlines passenger airplane is landing on Newark Liberty International Airport in Newark, New Jersey, on January 19, 2022. Tayfun Coskun | Anadolu Agency | Getty Images United Airlines will cut about 50 daily flights from Newark Liberty International Airport next month in an effort to reduce delays that have disrupted travelers’ plans this […]

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Business

American Airlines to stop flying to four small cities, citing pilot shortage

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 American Airlines plans to drop service to four U.S. cities in September, including Dubuque, Iowa, which will lose scheduled commercial air service altogether. […]

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Business

U.S. Treasury yields slip as market rebound fades

U.S. Treasury yields were lower on Wednesday as risk-off sentiment returned to global markets. Shortly after 4:20 a.m. ET, the yield on the benchmark 10-year Treasury note was down at 3.2352% while the yield on the 30-year Treasury bond fell to 3.3083%. Yields move inversely to prices. Concerns over a possible recession have weighed on […]

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Travel

Hundreds of Southwest pilots picket in Dallas amid summer travel crunch

DALLAS — Hundreds of uniformed Southwest Airlines pilots stood in perfect lines in the scorching Texas sun at Dallas Love Field on Tuesday, holding signs that blamed Southwest management for delays and cancellations that have upset passengers. Every once in a while, a motorist would honk or yell encouragement. Most passengers made a beeline for […]

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Business

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 | Getty Images People still appear willing to shell out to travel, go to the movies and have a drink […]

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Business

U.S. Treasury yields mostly slip after tumultuous week

U.S. Treasury yields pulled back slightly on Friday to end a volatile week, as central banks around the world signaled a more aggressive effort to curtail soaring inflation. At around 3:10 a.m. ET, the yield on the benchmark 10-year Treasury note was fractionally lower at 3.2824%, while the yield on the 30-year Treasury bond dropped […]