Travel
Consumer spending is slowing, but there are still pockets of strength in these three sectors
Despite new signs of slowing consumer demand, pockets of strength remain in travel, payments and autos. Hilton on Wednesday topped analysts’ second-quarter estimates and raised its full-year outlook, saying it remained optimistic there would be strong travel demand for the rest of the year. On Thursday morning, Southwest Airlines reinforced this view as it beat […]
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JetBlue CEO Robin Hayes and Spirit Airlines CEO Ted Christie break down blockbuster airline deal
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email CNBC’s Phil LeBeau sits down with JetBlue CEO Robin Hayes and Spirit Airlines CEO Ted Christie to discuss JetBlue’s move to buy Spirit after the discount carrier decided to end its merger plans with Frontier Airlines. The pair of CEOs explain how […]
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JetBlue agrees to buy Spirit in $3.8 billion deal to create fifth-largest U.S. airline
LaGuardia International Airport Terminal A for JetBlue and Spirit Airlines in New York. Leslie Josephs | CNBC JetBlue Airways reached a deal to buy Spirit Airlines, hours after the discount carrier scrapped plans to merge with Frontier Airlines. The New York-based carrier said it will pay $33.50 a share in cash for Spirit in a […]
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Spirit terminates merger agreement with Frontier that was marred by JetBlue’s rival bid
A Frontier Airlines airplane taxis past a Spirit Airlines aircraft at Indianapolis International Airport in Indianapolis, Indiana, on Monday, Feb. 7, 2022. Luke Sharrett | Bloomberg | Getty Images Spirit Airlines terminated its merger agreement with Frontier Airlines on Wednesday, months after rival suitor JetBlue Airways’ all-cash bid threw the planned tie-up into disarray. Shareholders […]
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Spirit shareholders to finally vote on Frontier deal clouded by rival JetBlue bid
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 Spirit Airlines shareholders are scheduled to finally vote on a planned tie-up with Frontier Airlines on Wednesday, a deal that has been on the rocks following a […]
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Boeing sticks to 2022 cash flow forecast, prepares for Dreamliner deliveries to resume
An aerial view of Boeing 777X and Boeing 737 MAX 10 airplanes parked at King County International Airport-Boeing Field, in Seattle, Washington, June 1, 2022. Lindsey Wasson | Reuters Boeing on Wednesday stuck by its forecast to return to free cash flow in this year as it prepares to resume deliveries of its 787 Dreamliner planes after manufacturing flaws […]
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These are the cheapest — and most expensive — cities in Europe to visit this year
It may seem paradoxical, but a trip to Europe may be a way to save money on travel this year. Amid a global scramble to find ways to save money while traveling, hotel rates dropped in many European cities. Average airfares originating from the United States are also down, according to travel specialists. Another boon […]
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Sen. Lindsey Graham introduces legislation to raise mandatory pilot retirement age to 67
A pilot views a departure board at Newark Liberty International Airport (EWR) in Newark, New Jersey, on Monday, Jan. 3, 2022. Christopher Occhicone | Bloomberg | Getty Images As the country’s pilot shortage fuels flight cuts, Sen. Lindsey Graham is introducing legislation that would raise the mandatory retirement age for commercial airline pilots to 67 […]
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Here’s how U.S. companies are rethinking vacation time
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Research shows that unplugging and taking paid time off can prevent burnout, but a new study shows a majority of workers in the U.S. plan to take shorter vacations this year. CNBC’s Sharon Epperson joins ‘Squawk Box’ with the details. Source
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Ryanair CFO Neil Sorahan on earnings, fall travel forecast
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Neil Sorahan, CFO for Ryanair Group, joins CNBC’s ‘Squawk Box’ to break down the airline’s earnings report and its forecast for the fall travel season. Source
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