Tag Archives: planes

The Federal Aviation Administration’s (FAA) most recent data shows cases of violent, unruly passengers increasing aboard flights. Airlines reported more than 5,600 cases of unruly passengers this year through Dec. 14 and more than 4,000 cases of “mask-related incidents.” “There are more than 5,000 incidents already that have been violent in nature on planes, and so many of them are tied to alcohol,” Senator Ed Markey (D-Mass.) told Yahoo Finance. Markey is on the Senate Committee on Commerce,… Source link

Oil prices have come down way too fast on Omicron variant concerns, says Goldman Sachs oil strategist Damien Courvalin. In fact, the price correction is borderline comical, per Courvalin’s calculations.  “The lack of discretionary buying activity in the face of an uncertain new COVID variant has therefore left prices in free-fall and pricing in a dire demand outlook. We estimate based on our pricing model, that the market has now priced in a mammoth c.7 mb/d [millions of barrels per day]… Source link

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

Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Friday, March 5, 2021 Vaccinations are having the biggest impact on airlines. As we noted on Thursday, investors are fully onboard the re-opening train. But these trades aren’t only anticipating what might happen when the masses are vaccinated and the economy is fully re-opened — they are also responding to real-time changes in data. In a note to clients published Thursday, economists at Bank of… Source link

TipRanks Billionaire Ray Dalio Places Bet on 3 “Strong Buy” Stocks When billionaire financier Ray Dalio makes a move, Wall Street pays attention. Dalio, who got his start working on the floor of the New York Stock Exchange trading commodity futures, founded the world’s largest hedge fund, Bridgewater Associates, in 1975. With the firm managing about $140 billion in global investments and Dalio’s own net worth coming at $17 billion, he has earned legendary status on Wall Street. Summing… Source link