Alaska Air Group Inc
The U.S. has a pilot lack — here’s how airlines are striving to take care of it
U.S. airways are facing a intense pilot scarcity. Management consulting business Oliver Wyman estimates the sector is struggling with a deficit of about 8,000 pilots, or 11% of the full workforce, and suggests the shortfall could reach 30,000 pilots by 2025. In a bid to slash charges throughout the Covid pandemic, airways grounded planes, and […]
Read More
Microsoft and Alaska Airlines are working with this startup to make clean jet fuel from carbon emissions
Sustainable aviation fuel, commonly called SAF, has so far been expensive to produce, but new startups are now creating clean fuels out of carbon at a much cheaper cost. Now, new tax credits for clean fuel production from the recently signed Inflation Reduction Act could propel these companies further faster. Most SAF is made out […]
Read More
Airline unions urge carriers not to resume buybacks when bailout ban ends this fall
A United Airlines flight crew walks through the terminal at San Francisco International Airport on April 12, 2020 in San Francisco, California. Justin Sullivan | Getty Images The largest U.S. airlines are making money again. Labor unions don’t want them to spend it on stock buybacks. A condition of the $54 billion in federal aid […]
Read More
American Airlines offers pilots nearly 17% raises in new contract proposal
Pilots talk as they look at the tail of an American Airlines aircraft. Mike Stone | Reuters American Airlines CEO Robert Isom on Thursday said the carrier has offered its pilots pay raises totaling nearly 17% under a new contract, according to an internal video seen by CNBC. The latest proposal to the pilots’ union, […]
Read More
Fight for Spirit Airlines goes down to the wire with competing bids from Frontier and JetBlue
A Frontier Airlines plane near a Spirit Airlines plane at the Fort Lauderdale-Hollywood International Airport on May 16, 2022 in Fort Lauderdale, Florida. Joe Raedle | Getty Images The most heated airline battle in recent years comes to a head on Thursday when Spirit Airlines’ shareholders vote on a proposed tie-up with fellow discount carrier […]
Read More
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 […]
Read More
This Goldman stock portfolio consistently beats the market — even this year. 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
Buttigieg urges airline CEOs to ensure carriers fly reliably this summer after waves of disruptions
Passengers line up at John F. Kennedy International Airport after airlines announced numerous flights were canceled during the spread of the Omicron coronavirus variant on Christmas Eve in Queens, New York, December 24, 2021. Dieu-Nalio Chery | Reuters Transportation Secretary Pete Buttigieg urged airline CEOs on Thursday to ensure they can fly their schedules reliably […]
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