Tag Archives: Airlines

(Reuters) -Spirit Airlines would start talks with JetBlue Airways Corp on its $3.6-billion offer, the budget carrier said late on Thursday as it could likely lead to a “superior proposal” to the one from Frontier Group Holdings. JetBlue made an unsolicited offer of $33 per share in cash earlier this week, beating a near $25 per share cash-and-stock bid from Frontier made in February. “We look forward to engaging with the Spirit Board to finalize our combination, to create a national low-fare… Source link

Wall Street isn’t feeling JetBlue’s (JBLU) surprise bid for low-cost fare rival Spirit Airlines (SAVE). “In the near- to medium-term, we view this as a negative for JetBlue. It is a much tougher merger to execute than the proposed Frontier-Spirit merger with greater dis-synergies primarily related to labor costs but also due to greater investments related to changing cabin layouts,” said Raymond James analyst Savanthi Syth in a research note on Wednesday. “While leverage levels appear… Source link

As Japan begins to open its borders to foreign travel following a three-month restriction in response to the Omicron variant, Pacific airline companies are preparing to reap the benefits of increased travel activity to and from the East Asian nation. “We’re gearing up in anticipation of the Japanese market, which is the most important international market for Hawaii opening up over the next couple of months,” Hawaiian Airlines CEO Peter Ingram told Yahoo Finance Live in a recent… Source link

Every Friday, The Verge publishes our flagship podcast, The Vergecast, where we discuss the week in tech news with the reporters and editors covering the biggest stories. The biggest news in tech this week was Microsoft acquiring game publisher Activision Blizzard for $68.7 billion. On today’s Vergecast, Verge editor-in-chief Nilay Patel talks with games reporter Ash Parrish and senior reporter Alex Heath about the acquisition, the issues behind the culture at Activision Blizzard, and… Source link

Former United Airlines CEO Oscar Munoz is sticking with his long-time peers in the airline industry that safety is a top priority during the pandemic, even if that means you have to wear a mask on a plane or employees must be vaccinated.  Shared Munoz on Yahoo Finance Live, “This is an industry where no good deed goes unpunished. There are so many viewpoints that it is hard to sort of measure everything. At United — which is all I can speak of with my successor and all those folks — the… Source link

American Airlines (AAL) welcomed 150 international flights Monday as the U.S. opened its borders to non-citizens who are fully vaccinated against COVID-19.  “We’re seeing fantastic demand, 40,000 customers are coming inbound to the U.S. today,” American Airlines President Robert Isom told Yahoo Finance Live. “People want to get out on the road,” Isom said, predicting the surge to continue well into 2022. “There are families and grandparents that haven’t seen, you know, children in a long… Source link

U.S. airlines expect a surge of international travelers when the United States reopens to fully vaccinated visitors Monday. The Biden administration announced the new guidelines in September and set Nov. 8 as the day the borders open. “Delta (DAL) has seen a 450% increase in international point-of-sale bookings versus the six weeks prior to the announcement,” the airline stated in a press release that predicts many international flights will be 100% full and stay that way for several… Source link

Southwest Airlines (LUV) trimmed its schedule for November and December and has beefed up staffing ahead of the expected Thanksgiving and Christmas holiday travel rush. “So our reserves are over 20% for our crews, which helps you operate every single day,” Incoming CEO Bob Jordan told Yahoo Finance Live. That 20% is almost double the number Southwest had in place in early October when bad weather and Federal Aviation Administration (FAA) air traffic delays cascaded into a logistics nightmare… Source link

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Monday, November 1, 2021 It was a brutal weekend for one airline and a telling weekend on the state of America’s labor shortage.  American Airlines canceled about 14.3% of its flights on Sunday, according to data shared by the company to Yahoo Finance, in large part because it was unable to find staff to carry out operations. Staffing problems… Source link

And the wins keep piling up for buy now, pay later outfit Affirm.  The company announced this week it has inked a deal with American Airlines that will allow consumers to pay for their travel in installments.  “It’s there to help travelers. Lots of people are going to try to go to a family getaway and not everyone is capable of paying for it instantaneously in cash,” said Affirm founder and CEO Max Levchin on Yahoo Finance Live. For Affirm, the American Airlines tie-tup is the latest in a… Source link