Financial expert Jeff Macke once said of the airlines, “The more agony you’re in, the more profit they make.” It’s no secret the airlines have been “optimizing profits” for some time now, with charging for everything from checking luggage to being able to have an assigned seat. In addition to additional charges, the airlines have been trying to squeeze more people into planes, and that has meant making seat width and “pitch” — the term used for distance between passengers and… Source link
Read More »Ja Morant’s family offered courtside seats from Jazz
Utah Jazz owner Ryan Smith has offered a premium package for friends and family of Ja Morant to attend Wednesday’s Game 5 against the Memphis Grizzlies in Salt Lake City. Morant’s father, Tee Morant, and others are taking Smith up on the offer. His mother, Jamie Morant, is not. She’ll remain in Memphis to watch the game on TV. “She said her anxiety couldn’t take it,” Tee Morant told ESPN on Tuesday. Ja Morant’s family was targeted with abusive language Smith made the offer after Morant’s… Source link
Read More »Southwest will resume selling middle seats after reporting a $1.2 billion quarterly loss: CEO
Southwest Airlines (LUV) on Thursday reported a net loss of $1.2 billion on revenue of $1.8 billion in the third quarter. Chairman and CEO Gary Kelly says the coronavirus pandemic continues to cause huge losses for the airline but he is encouraged, “by modest improvements in leisure passenger traffic,” since a slowdown in July. Here are the quarterly results compared to consensus estimates compiled by Bloomberg: Diluted earnings loss per share: net loss of $1.96 per share vs. expected loss… Source link
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