JetBlue Airways Corp
Stocks making the biggest moves premarket: Nvidia, Oracle, JetBlue, General Motors and more
Check out the companies making headlines in premarket trading. Nvidia — The artificial intelligence darling bounced back about 3% after plunging 17% a day earlier. Shares of peer firms with large AI exposure Broadcom and Oracle also ticked up more than 2%. Boeing — The aerospace stock fell less than 1% after fourth-quarter results missed […]
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JetBlue offers some pilots early retirement packages, union says
A passenger arrives at Ronald Reagan Washington National Airport on November 21, 2023 in Arlington, Virginia. Alex Wong | Getty Images JetBlue Airways is offering early retirement packages to some of its pilots, their labor union told members on Friday. The carrier has been working to cut costs and raise up revenue with initiatives such […]
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Airlines flex pricing power, signaling higher fares in 2025
Travelers walk through O’Hare International Airport in Chicago, Illinois, on December 20, 2024 ahead of the upcoming Christmas holiday. Kamil Krzaczynski | AFP | Getty Images Higher airfare is in store this year as strong demand, even during the dead of winter, and limited capacity growth prompt airlines to flex their pricing power. Fare-tracking platform […]
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FAA grounds SpaceX’s Starship after mid-flight explosion, reports property damage on Turks and Caicos
SpaceX’s mega rocket Starship launches for a test flight from Starbase in Boca Chica, Texas, on Jan. 16, 2025. Eric Gay | AP The Federal Aviation Administration said on Friday that SpaceX’s Starship rocket is grounded until the company and regulator complete an investigation into the midflight failure of the most recent test flight, which […]
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Dozens of flights diverted, delayed after FAA warned of SpaceX rocket debris
View of Space X’s Starship on the launch pad for its seventh test flight, in Boca Chica, Texas, U.S. Maxar Technologies | Via Reuters Several commercial flights were diverted or delayed after SpaceX’s Starship rocket broke up during its seventh flight test on Thursday. Dozens of flights were affected, according to flight-tracker Flightradar24. The Federal Aviation […]
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Spirit Airlines cuts 200 jobs in bankruptcy cost-cutting scramble
A Spirit Airlines plane at New York’s LaGuardia Airport Leslie Josephs/CNBC Spirit Airlines is cutting about 200 jobs across the company as the struggling budget carrier seeks to reduce costs after it filed for Chapter 11 bankruptcy protection in November. “We are executing on plans to rightsize our organization to align with our current fleet […]
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DOT sues Southwest, fines Frontier for ‘chronically delayed flights’
A Southwest Airlines Boeing 737 departs Los Angeles International Airport en route to Las Vegas on September 19, 2024 in Los Angeles, California. Kevin Carter | Getty Images The Department of Transportation on Wednesday sued Southwest Airlines, alleging the carrier operated chronically delayed flights, and fined Frontier Airlines for late-arriving flights. The lawsuit follows a […]
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Airlines extend travel waivers due to LA wildfires
In this aerial view taken from a helicopter, burned homes are seen during the Palisades fire in the Malibu area of Los Angeles county, California on January 9, 2025. Josh Edelson | Afp | Getty Images Airlines have extended travel waivers for Los Angeles airports as wildfires continue to burn in the area. American Airlines, […]
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What went wrong for Spirit Airlines?
In November, Spirit Airlines filed for Chapter 11 bankruptcy protection. The icon of U.S. budget air travel hasn’t had a profitable year since 2019, and it’s lost more than $2 billion since 2020. How did it get here? The Covid-19 pandemic was devastating to all airlines, but that was just the start of Spirit’s financial […]
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Stocks making the biggest moves midday: Rivian Automotive, Anheuser-Busch Inbev, Ford and more
Check out the companies making headlines in midday trading. Rivian Automotive – Shares popped 19% after the electric vehicle maker’s vehicle production and deliveries for 2024 met the company’s previously announced guidance. This comes after the company had lowered its production target for the full year in October. U.S. Steel – Shares fell 6% following […]
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