U.S. flight disruptions finally ease as the holiday weekend winds down

Lighted tunnel in the United Airlines terminal, O’Hare International Airport, Chicago Illinois. Andrew Woodley | Universal Images Group via Getty Images US airline delays eased on Monday as weather improved, bringing welcome news for travelers and airlines as the July Fourth holiday weekend comes to an end. As of midday Monday, 980 US flights were … Read more

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 sharp criticism from Washington. Already this year, the rate of flight cancellations and delays in June was higher than before … Read more

Airlines, FAA spar over flight delays ahead of July Fourth weekend

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 to travel on the July … Read more

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 tentative deal that would give the aviators pay raises of more than 14%, making it the first major US carrier to reach a deal since the start … Read more

Snowflake, Southwest, Apple, Disney, Netflix

Here are Thursday’s biggest calls on Wall Street: Credit Suisse initiates WeWork as outperform Credit Suisse said in its initiation of the stock that it’s well positioned to capitalize on the work from home phenomenon. “After the significant cost restructuring (~ $ 2.6B) post the failed IPO, we believe WeWork is well positioned to take … Read more

This Goldman portfolio reliably beats the market. Here’s what’s in it

Investors have entered a difficult period of tightening financial conditions, slowing economic growth and elevated market volatility, but some stocks could still thrive in such challenging times, according to Goldman Sachs. The Wall Street firm is recommending stocks with a high Sharpe ratio score, a measure of a stock’s performance relative to its volatility. Goldman … Read more

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. An end to Covid testing for international arrivals. So much is going in airlines’ favor these days – except their share prices. The sector’s latest drop … Read more

Inside the battle to tame costly airline cancellations and 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 military aircraft exercise, and a report of a bird strike at Newark Liberty International Airport. The center, about an hour’s … Read more

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 Two American Airlines-owned regional carriers will hike pilot pay by 50% through the end of August 2024, the latest sign airlines are willing … Read more

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 | Getty Images Southwest Airlines’ customer service agents will soon work ‘100%’ remotely as the carrier moves to close its reservations centers. “Southwest Airlines just … Read more