Airlines
Private jet use is more popular than ever — and first-time buyers are driving record sales
A worker cleans a GulfStream Aerospace Corp. G650 business jet on the opening day of the Farnborough International Airshow in Farnborough, UK, on Monday, July 18, 2022. The airshow, one of the biggest events in the global aerospace industry, runs through July 22. Jason Alden | Bloomberg | Getty Images FARNBOROUGH, England — Private jet […]
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Flights suspended at London airport after runway damaged during heat wave
A sign reading “Welcome to Luton” is seen from an aircraft on arrival to Gatwick Airport, London, Britain, May 23, 2022. Tom Nicholson | Reuters Extreme heat in the U.K. on Monday caused runway damage and disrupted military and civilian flying, airport officials said. A heat wave has engulfed much of Western Europe, with temperatures […]
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GE reveals new company names as it approaches historic split
People visit the General Electric stand during the China International Import Expo (CIIE) at the National Exhibition and Convention Center on November 7, 2018 in Shanghai, China. VCG | Getty Images General Electric on Monday revealed the names of the three distinct companies that will result from the conglomerate’s historic split: GE HealthCare, GE Aerospace […]
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Boeing CEO says supply chain issues are hindering 737 Max production increase
An aerial view of several Boeing 737 MAX airplanes parked at King County International Airport-Boeing Field in Seattle, Washington, June 1, 2022. Lindsey Wasson | Reuters Boeing CEO Dave Calhoun on Monday said the manufacturer won’t ramp up production of its best-selling 737 Max yet because of supply chain constraints. The manufacturer is producing 31 […]
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Airlines need to make sure their networks meet customer demands, says FAA’s Bill Nolen
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Squawk Box Bill Nolen, FAA acting administrator, joins ‘Squawk Box’ to discuss airline cancellations, summer travel demand, and the airline industry. 04:38 an hour ago Source
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Delta buys 100 Boeing Max planes, its first major order with the manufacturer in more than a decade
Delta Air Lines planes at John F. Kennedy Airport in New York. Getty Images Delta Air Lines is buying 100 Boeing 737 Max 10 planes, its first major order for new aircraft from the U.S. manufacturer in more than a decade. The deal has options for 30 more of the planes. Deliveries are slated to […]
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Airfares are finally starting to cool as peak summer travel season fades. Now what?
Passengers are seen at the Delta Air Lines check-in counters at Hartsfield-Jackson Atlanta International Airport ahead of the Fourth of July holiday in Atlanta, Georgia, July 1, 2022. Elijah Nouvelage | Reuters Flights, believe it or not, are getting cheaper. Airfares fell a seasonally-adjusted 1.8% from May to June, according to the latest U.S. inflation […]
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ISS urges Spirit shareholders to vote against Frontier merger, calls JetBlue bid superior
LaGuardia International Airport Terminal A for JetBlue and Spirit Airlines in New York. Leslie Josephs | CNBC Proxy advisory firm Institutional Shareholder Services on Friday reversed its stance on Spirit Airlines’ planned tie-up with Frontier Airlines, urging Spirit shareholders to vote against the deal and calling JetBlue Airways’ all-cash bid a “superior alternative,” yet another […]
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Argus downgrades Delta citing weak outlook following second-quarter earnings
Argus downgraded shares of Delta Air Lines to hold from buy, citing weaker-than-expected quarterly earnings and a less-than-stellar outlook. Shares of the Atlanta-based carrier have shed nearly 24% year-to-date through Thursday’s close. While Delta benefited from the rollback in Covid-19 travel restrictions and increased demand for international flights, it’s also been hit by capacity reductions […]
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Travel chaos, labor unrest and extreme heat in focus at Britain’s first major air show since the pandemic
Britain’s Farnborough International Airshow will showcase the most advanced aircraft across commercial and military aviation design. Bloomberg | Bloomberg | Getty Images LONDON — Britain’s Farnborough International Airshow will make its long-awaited return next week, with aerospace and defense industry leaders poised to gather against a backdrop of travel chaos and labor unrest. The five-day […]
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