The New York Times – Travel:
Higher fuel prices and lower demand for international flights are eating into airlines’ profits.
Category: Stocks and Bonds
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Delta and United Are Leaving Other Airlines Behind
The New York Times – Travel:
Delta Air Lines and United Airlines have accounted for most of the industry’s profits since 2022. Their appeal to wealthy travelers could become a liability if the economy weakens.
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Why Frequent Flier Programs Have Become Essential to Many Airlines
The New York Times – Travel:
The biggest U.S. airlines make billions of dollars from their loyalty programs and branded credit cards, which some analysts believe are now essential to the businesses.
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Frontier Airlines Offers to Buy Spirit Airlines, Again
The New York Times – Travel:
Spirit, which filed for bankruptcy protection in November after a federal court blocked its acquisition by JetBlue, says it has rejected the latest Frontier offer for being too low.
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Southwest Quits Four Airports in Cost-Cutting Drive
The New York Times – Travel:
The airline expects fewer deliveries of Boeing planes than before, and cited “significant challenges” in achieving growth plans because of it.
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How Boeing Favored Speed Over Quality for the 737 Max
The New York Times – Travel:
Problems have plagued the manufacturer even after two fatal crashes, and many current and former employees blame its focus on making planes more quickly.
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Boeing Faces Tricky Balance Between Safety and Financial Performance
The New York Times – Travel:
The company is under pressure to show regulators and customers that it takes safety seriously and to reassure investors about its financial outlook.
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JetBlue Says It May Back Out of Deal to Acquire Spirit Airlines
The New York Times – Travel:
JetBlue now says that it could back out of the acquisition just a week after the company said it intended to appeal a judge’s decision to block the deal.
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Boeing Reinstalled Panel That Later Blew Out of 737 Max Jet
The New York Times – Travel:
Employees at its Washington State factory are said to have removed the door plug for further work before the plane was delivered to Alaska Airlines.