Airlines
Boeing’s last 747 is rolling out of the factory after a more than 50-year production run
Boeing’s last 747 aircraft, #1574, at its factory in Everett, Washington. Leslie Josephs | CNBC EVERETT, Wash. − Boeing‘s final 747 is set to roll out of the company’s cavernous factory north of Seattle as airlines’ push for more fuel-efficient planes ends the more than half-century production run of the jumbo jet. The 1,574th — […]
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United CEO says business travel has ‘plateaued’ but revenue is still rising
United Airlines Boeing 787-9 Dreamliner landing in London Heathrow International airport in England, UK. Nicolas Economou | NurPhoto | Getty Images Business travel demand has “plateaued” but revenue continues to rise thanks to strong demand and capacity constraints, United Airlines CEO Scott Kirby told CNBC on Tuesday. Major companies, many in tech, have announced plans […]
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Airways will return to profitability in 2023 just after three-year slump, sector entire body suggests
The International Air Transportation Association (IATA) has mentioned it expects the airline industry to submit a “little” net financial gain of $4.7 billion in 2023. Nurphoto | Getty Illustrations or photos The international airline business is established to return to profitability again up coming calendar year following a around-a few 12 months downturn fueled by […]
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United Airlines CEO Scott Kirby: We be expecting a mild economic downturn, but travel is nevertheless setting documents
ShareShare Article by means of FbShare Report by way of TwitterShare Write-up by means of LinkedInShare Post by means of E mail United Airways CEO Scott Kirby joins CNBC’s ‘Squawk Box’ to split down his expectations for travel amid the chance of an financial slowdown. Kirby also weighs in on deal negotiations with labor unions […]
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US again delays deadline for Real IDs until May 2025
Homeland Security sign for REAL ID at entrance to passenger TSA security area, West Palm Beach, Florida. Lindsey Nicholson | UCG | Universal Images Group | Getty Images U.S. officials are delaying for another two years the enforcement of a rule requiring people to get new identification cards to board domestic flights, access federal facilities […]
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Morgan Stanley upgrades United Airlines, says 2023 could be ‘goldilocks’ year for airline
It’s time to buy shares of United Airlines , which could soar more than 50% next year, according to Morgan Stanley. Analyst Ravi Shanker upgraded shares of United Airlines to overweight from equal weight, saying that 2023 could be a “goldilocks” year for the airline. “After three years of uncertainty when the market was either […]
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How electric air taxis could shake up the airline industry in the next decade
A VoloCity air taxi by Volocopter is pictured at Pontoise airfield in Cormeilles-en-Vexin, near Paris, France, November 10, 2022. Benoit Tessier | Reuters A world with flying vehicles, like the 1960s sitcom The Jetsons, might be closer than you think. Companies across the U.S., including several startups, are developing electric air taxis that aim to […]
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Delta pilots would get far more than 30% in pay out raises under new contract deal
A pilot walks earlier the windows at the newly renovated Delta terminal D at LaGuardia Airport in New York March 6, 2021. Timothy A. Clary | AFP | Getty Images Delta Air Strains and its pilots’ union have attained a preliminary settlement for raises topping 30% in excess of 4 decades, a milestone offer that […]
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Activision acquisition would be good for Microsoft and the overall stock market
Microsoft ‘s (MSFT) nearly $69 billion cash offer to buy video game giant Activision Blizzard (ATVI) has been under tremendous scrutiny since it was first announced back in January. But at least one Wall Street research firm says it’s highly likely that the deal will be completed in the near future. We tend to agree. […]
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Rolls-Royce uses hydrogen produced with wind and tidal power to test jet engine
LONDON — Plans to reduce the significant environmental effects of aviation took a step forward this week after Rolls-Royce and easyJet said they had carried out the ground test of a jet engine that used hydrogen produced from tidal and wind power. In a statement this week, aerospace giant Rolls-Royce — not to be confused […]
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