American Airlines Group Inc
London’s Heathrow airport extends passenger limits until late October as travel strains continue into the fall
Passengers wearing face masks as a preventive measure against the spread of coronavirus arrive at Heathrow Airport Terminal 2 in London, August 3,, 2021. Tejas Sandhu | SOPA Images | LightRocket | Getty Images London Heathrow airport has extended limits on departing passengers through late October to avoid travel chaos as Britain’s busiest hub grapples […]
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Even airline employees are having trouble finding a seat home from Europe this summer
International passengers walk through the arrivals area at Terminal 5 at Heathrow Airport on November 26, 2021 in London, England. Leon Neal | Getty Images News | Getty Images Airlines want people to take a European vacation this summer — as along it’s not their employees. Carriers are discouraging their staff from using their employee perks […]
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Boeing delivers first 787 Dreamliner since 2021 ending pause over manufacturing flaws
An employee works on the tail of a Boeing Co. Dreamliner 787 plane on the production line at the company’s final assembly facility in North Charleston, South Carolina. Travis Dove | Bloomberg | Getty Images Boeing delivered its first 787 Dreamliner in more than a year on Wednesday, ending a pause on handovers of the […]
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Business travel costs are expected to rise through 2023, industry report says
Passengers wait for flights with their luggage at Heathrow airport in London Luke MacGregor | Reuters The cost of business travel, from hotels to airfare, is set to rise through 2023 as demand returns more than two years after the Covid pandemic began, according to an industry report published Wednesday. Business-travel airfare is on track […]
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Boeing Dreamliner deliveries to resume in the ‘coming days,’ FAA says
An American Airlines Boeing 787-9 Dreamliner approaches for a landing at the Miami International Airport on December 10, 2021 in Miami, Florida. Joe Raedle | Getty Images Boeing is expected to resume deliveries of its 787 Dreamliners in the coming days, the Federal Aviation Administration said Monday. Deliveries of the wide-body jetliners have been suspended […]
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International airlines launch battle plans to deal with summer of travel chaos
American Airlines made “short notice” cancellations in July while easyJet changed its schedule when airports announced passenger capacity caps. Stephen Brashear | Getty Images The aviation industry has been in disarray since the onset of the Covid-19 pandemic. Now, a perfect storm of strikes and staff shortages is forcing airlines to shore up their battle […]
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How LiveU has defined the industry it once disrupted — and brought major media players along for the ride
In this weekly series, CNBC takes a look at companies that made the inaugural Disruptor 50 list, 10 years later. In 2006, after attending a soccer game with a bulky, unimpressive production setup, LiveU founders Avi Cohen, Samuel Wasserman, and Rony Ohayon were inspired to create a product that would consolidate video production materials, making […]
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Transportation Department proposes stricter rules for airline refunds after complaints surge
Travelers at LaGuardia Airport in New York on June 30, 2022. Leslie Josephs | CNBC The Transportation Department on Wednesday proposed stricter rules on when airlines would have to compensate passengers for canceled or delayed flights, a move that follows a surge in traveler complaints after Covid-19 roiled air travel. Air travelers are currently entitled to […]
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The confusing job market: Tech and finance brace for the worst, retail is mixed, travel can’t hire fast enough
JetBlue Airways passengers in a crowded terminal on April 7, 2022 in the Fort Lauderdale-Hollywood International Airport in Fort Lauderdale, Florida. Robert Nickelsberg | Getty Images News | Getty Images It wasn’t long ago that Amazon, Shopify and Peloton doubled their workforces to manage through the pandemic surge, while Morgan Stanley staffed up to handle […]
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These stocks have led the rally since the June bottom and could offer more momentum in the second half, Credit Suisse says
Credit Suisse believes the July stock market rally will continue, and has a list of names that could continue to ride the momentum from here. Stocks capped a strong month on Friday, rallying sharply off their June lows, as traders bet that markets have already priced in the likeliest recession expectations and shifted into more […]
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