Travel
Major airlines report pilot shortage weighing on flights
CNBC’s Phil LeBeau joins ‘Squawk Box’ to report how a nationwide pilot shortage is impacting the busy summer travel season. Source
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Signs are pointing to a brutal summer of travel, says The Points Guy’s Brian Kelly
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Brian Kelly, founder of travel website ‘The Points Guy,’ joins CNBC’s ‘Squawk Box’ with a look at the busy summer travel season. “All the signs are pointing to a pretty brutal summer,” Kelly tells CNBC regarding the forthcoming travel season. Source
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This 52-year-old early retiree left the U.S. for Portugal with his family—and spends $2,450 a month: ‘We cut our expenses by 50%’
In 2011, at 41-years-old, I retired early from my six-figure career in law. My wife joined me in retirement four years later after quitting her job as a nurse. By the time she retired in 2015, our portfolio of high-yielding stocks and mutual funds paid roughly $130,000 a year in dividends, which covered most of our living expenses in […]
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Marriott forward bookings in Europe are 50% ahead of same time in 2019, says Marriott CEO
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Tony Capuano, Marriott CEO, joins ‘Closing Bell’ to discuss if this summer is the strongest’s the company has seen, if Secretary Raimondo’s aspirations for 90 million tourists will come to fruition and more. Source
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Hilton CEO Chris Nassetta says hotel chain not seeing any signs of travel slowdown
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Chris Nassetta, Hilton Worldwide CEO, joins ‘Squawk on the Street’ to discuss if Nassetta sees any sign of a slowdown in travel, how they’ve managed to see continued demand and if more price hikes are coming. Source
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Watch CNBC’s full interview with JetBlue Airlines CEO Robin Hayes
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email JetBlue Airlines CEO Robin Hayes sits down with CNBC’s Phil LeBeau to discuss the company’s enhanced deal for Spirit Airlines amid its planned merger with Frontier Airlines. Hayes also reacts to concerns that a potential deal between JetBlue and Spirit would face […]
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As one of Asia’s global hubs moves to reopen, another remains mired in restrictions
People queue up for Covid-19 nucleic acid tests on April 28, 2022 in Hong Kong. While Singapore has steadily moved to reopen in recent months, Hong Kong remains mired in restrictions that critics say are costing it business and talent, with Singapore a prime beneficiary. Chen Yongnuo | China News Service | Getty Images When […]
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South Korea to lift quarantine requirement for non-vaccinated foreign arrivals
Arriving passengers are assisted by quarantine workers in an arrival hall at Incheon International Airport in Incheon, South Korea, on Monday, March 21, 2022. South Korea’s prime minister on Friday said the country will lift its quarantine requirement for foreign arrivals without vaccination from June 8 and also start lifting aviation regulations imposed for international […]
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Frontier offers $250 million reverse breakup fee if regulators block Spirit merger
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 Frontier Airlines’ parent company on Thursday said it would pay a $250 million reverse breakup fee to Spirit Airlines if regulators don’t approve the planned combination of […]
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There’s no quick fix for the airlines, aviation analyst says
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Alexander Irving, an equity research analyst covering European transport at Bernstein, says the aviation industry isn’t prepared for the demand, which has roared back in recent weeks. Source
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