Tag Archives: Airlines

On Friday a flight-enthusiast passenger noticed that a Spirit Airlines (SAVE) plane that had taken off a few spots ahead of his United plane (UAL) from the Houston airport was now well him, according to a flight tracker. The passenger, who is also a licensed flight dispatcher, guessed that the Spirit flight was likely flying slower to save money, like a frugal driver on the highway. (Fuel economy usually decreases at 50mph according to the DOE.) This interesting observation exposed an open… Source link

(White House updates numbers of evacuees) By Idrees Ali and Susan Heavey WASHINGTON, Aug 22 (Reuters) – The United States has enlisted the help of six commercial airlines to help transport people after their evacuation from Afghanistan as Washington seeks to step up the pace of departures of Americans and at-risk Afghans from Kabul. The Pentagon said on Sunday it called up 18 civilian aircraft from United Airlines, American Airlines, Delta Air and others to carry people from temporary locations… Source link

Southwest Airlines (LUV) reported leisure passenger traffic rebounded in June to 2019 levels, helping the airline generate its first monthly profit since the COVID-19 pandemic decimated the industry.   “I think we can sustain that going into the third quarter. I think we are all worried about this Delta variant,” CEO Gary Kelly told Yahoo Finance Live. Kelly called the second quarter an important milestone in the airline’s pandemic recovery. Southwest generated $4 billion in revenue during… Source link

@lol.airee/TikTok A viral TikTok video shows a woman duct-taped to her chair on an American Airlines flight.  The airline said the woman tried to exit the plane midflight and attacked flight attendants. The passenger who filmed the video criticized American Airlines for how it handled the situation. See more stories on Insider’s business page. A TikTok video shows a woman duct-taped to her seat on an American Airlines flight after an incident in which the airline says she attacked flight… Source link

The sky’s the limit, according to Frontier Airlines (ULCC) CEO Barry Biffle. “Bookings have been surging for several months.” Biffle told Yahoo Finance Live, “If you’re planning on going somewhere, you need to book it, because, you know, people are literally going to run out of seats.” More than 2 million passengers moved through the Transportation Security Administration (TSA) airport checkpoints from June 11 to 13, which is still about 600,000 fewer than the numbers on those days in 2019…. Source link

The world awaits pandemic weary travelers, who are vaccinated against COVID-19 and ready to hit the road. United Airlines (UAL) announced Monday, in its Q1 earnings report, that it will begin flying this July to Iceland, Greece, and Croatia “moving to capitalize on emerging pent-up demand for travel to countries where vaccinated travelers are welcome.”   The key, of course, is for a passenger to prove they have been vaccinated. Countries like Israel and China are already using digital… Source link

Bloomberg Biden Team Eyes Potential Threat From China’s Digital Yuan (Bloomberg) — The Biden administration is stepping up scrutiny of China’s plans for a digital yuan, with some officials concerned the move could kick off a long-term bid to topple the dollar as the world’s dominant reserve currency, according to people familiar with the matter.Now that China’s digital-currency efforts are gathering momentum, officials at the Treasury, State Department, Pentagon and National Security… Source link

TipRanks 2 “Strong Buy” Dividend Stocks Yielding 8% The Nasdaq made a sharp reversal this week, leading the markets’ surge and swinging back into positive territory for the year. The prospects of a $1.9 trillion stimulus package, steadying rates, economic growth, and a retreating pandemic are all reasons for optimism. The question on everyone’s lips is, does the turnaround indicate the bull market can officially resume? Not so fast, says RBC Capital’s head of U.S. equity strategy… Source link

TipRanks 3 Stocks Trading at Rock-Bottom Prices; Analysts Say ‘Buy’ A new year, a new addition to the stock portfolio – what can make more sense than that? The right time to buy, of course, is when stocks are priced at the bottom. Buying low and selling high may be a bit hackneyed, but it’s true, and truth has staying power.But the markets are up. The NASDAQ rose 43% in 2020, and the S&P 500 showed a gain of 16%. With a market environment like that, finding stocks that are caught in… Source link

TipRanks Billionaire Ray Dalio Picks Up These 3 “Strong Buy” Stocks Sometimes, the experts will tell us what we already know. Ray Dalio, the founder of Bridgewater Associates, has built a legendary reputation in financial circles, for taking his firm from a home business in his two-bedroom apartment to the international hedge fund giant, employing over 1,500 people and managing more than $138 billion in total assets. But when questioned on how he did it, or how today’s investors can… Source link