Aerospace and defense industry
Investing Club: How we view our Boeing position after the tragic plane crash in China
Many investors were dumping shares of the plane maker Monday on headline risk. That kind of selling isn’t part of our investment strategy. Source
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U.S. space companies poised to benefit as Russia cuts ties to industry, analyst says
A Falcon 9 rocket carries 49 Starlink satellites toward orbit on Feb. 3, 2022. SpaceX Russia is rapidly cutting itself off from much of the global space industry in response to Western sanctions due to the invasion of Ukraine, and U.S. companies stand to benefit, according to an analyst report on Friday. “Russia and Ukraine […]
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SpaceX’s Starlink sees the in-flight internet market as ripe for an overhaul, executive says
A passenger plane takes off from Frankfurt Airport. The aviation industry is particularly hard hit by the effects of the global Corona pandemic. Picture alliance | Getty Images WASHINGTON – Elon Musk’s SpaceX believes an aviation-specific antenna may be revolutionary for connecting Starlink, its global high-speed internet service, with airplanes. “Connectivity on airplanes is something […]
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American Airlines will resume alcohol sales on flights starting April 18
An American Airlines flight attendant serves drinks to passengers after departing from Dallas/Fort Worth International Airport in Texas. Robert Alexander | Archive Photos | Getty Images American Airlines said Thursday it will resume sales of alcoholic beverages on domestic and short-haul international flights next month, a plan it delayed almost a year ago because of […]
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Delta gives employees 4% raises, first pay increase since before the pandemic
Flight attendants hand out refreshments to a packed Delta Airlines flight traveling from Ronald Regan National Airport to MinneapolisSaint Paul International Airport on Friday, May 21, 2021. Kent Nishimura | Los Angeles Times | Getty Images Delta Air Lines on Thursday said it would give most of its 75,000 employees a 4% pay raise, their […]
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Get ready for higher fares: Airlines bet surge in travel demand will help offset fuel costs
American Airlines planes at LaGuardia Airport Leslie Josephs | CNBC Travel demand has bounced back faster than expected this year, major airlines said Tuesday, a welcome trend for an industry battered by Covid and a sign that carriers expect to pass along higher fuel prices and other costs on to customers. U.S. jet fuel prices […]
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Putin allows Russian airlines to fly $10 billion worth of foreign-owned planes domestically
Aeroflot Russian Airlines civil jet aircraft produced by Airbus at Moscow-Sheremetyevo International Airport. Leonid Faerberg | Lightrocket | Getty Images Foreign aircraft lessors seeking to recover some $10 billion worth of planes from Russia were dealt a new blow Monday when President Vladimir Putin signed a law clearing the country’s airlines to fly the planes […]
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U.S. extends airplane mask mandate through April 18
A sign reads “Wear A Mask” at the Hartsfield-Jackson Atlanta International Airport (ATL) in Atlanta, Georgia, U.S., on Tuesday, Dec. 21, 2021. Elijah Nouvelage | Bloomberg | Getty Images The Transportation Security Administration is extending a federal requirement that travelers wear masks on airplanes, at airports, on trains and buses through April 18, the Centers […]
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United Airlines will let unvaccinated employees return to their jobs this month
A United Airlines 737 Max 8 Leslie Josephs | CNBC United Airlines, citing a steep decline in Covid-19 cases, told staff Thursday that it will allow unvaccinated workers to return to their jobs starting March 28, a shift from a company that had one of the country’s strictest inoculation mandates. Last August, United said it […]
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JetBlue founder’s start-up Breeze Airways plans to nearly double its routes, add cross-country flights
David Neeleman, founder and chief executive officer of Breeze Airways, during a champagne christening before the airlines’s inaugural flight at Tampa International Airport (TPA) in Tampa, Florida, May 27, 2021. Matt May | Bloomberg | Getty Images Breeze Airways on Tuesday said it plans nearly double its network to 77 routes this spring and summer, […]
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