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Aerospace and defense industry

JetBlue and American Airlines to Cease Cross-Selling Tickets

by Monica Lozano
JetBlue and American Airlines to Cease Cross-Selling Tickets

American and JetBlue will stop selling seats on each other’s flights next Friday, two months after a federal judge ruled that the airlines’ partnership in the Northeast violated antitrust laws. …

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Categories Travel

Why the Stock Market is Bullish on Airlines Despite Increasing Disruptions

by Monica Lozano
Why the Stock Market is Bullish on Airlines Despite Increasing Disruptions

Travelers can be seen ahead of the fourth of July holiday weekend at Hartsfield-Jackson Atlanta International Airport on June 30, 2023, in Atlanta, Georgia. Flight disruptions accumulated at airports across …

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Categories Travel

Viasat stock plummets following satellite malfunction

by Craig Fedirighi
Viasat stock plummets following satellite malfunction

Viasat ‘s stock plummeted in trading on Thursday after the company disclosed its most recently launched communications satellite suffered a malfunction. The Carlsbad, California-based company on Wednesday said an “unexpected …

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Categories Business

JetBlue terminates partnership with American Airlines, shifts focus to Spirit following antitrust lawsuit

by Monica Lozano
JetBlue terminates partnership with American Airlines, shifts focus to Spirit following antitrust lawsuit

American and JetBlue flights prepare to take off at Los Angeles International Airport, Jan. 11, 2023. Carolyn Cole | Los Angeles Times | Getty Images JetBlue Airways said Wednesday that …

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Categories Travel

SpaceX’s Valuation Approaches $150 Billion Following Stock Sale, Led by Elon Musk

by Craig Fedirighi
SpaceX’s Valuation Approaches 0 Billion Following Stock Sale, Led by Elon Musk

The valuation of Elon Musk’s SpaceX hit near $150 billion following a share sale by existing investors announced this week, CNBC has learned. SpaceX has an agreement with new and …

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Categories Business

United reveals new first-class seats in long-awaited update after almost a decade

by Monica Lozano
United reveals new first-class seats in long-awaited update after almost a decade

United Airlines’ new first-class seat. Courtesy: United Airlines United Airlines on Wednesday unveiled its first new seat in nearly a decade for passengers at the front of the plane, becoming …

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Categories Travel

Summer brings added service and lower airfare

by Monica Lozano
Summer brings added service and lower airfare

Passengers at Reagan National Airport in Arlington, Virginia on May 26, 2023. Andrew Caballero-Reynolds | AFP | Getty Images Flights are getting cheaper as airlines ramp up service during what’s …

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Categories Travel

Earnings Report for Delta Air Lines (DAL) in the Second Quarter of 2023

by Craig Fedirighi
Earnings Report for Delta Air Lines (DAL) in the Second Quarter of 2023

Delta Air Lines posted its highest quarterly revenue and earnings ever thanks to scorching travel demand that has defied fears of an economic slowdown for months. International travel and demand …

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Categories Business
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