INSIDER
Spirit Airlines files for bankruptcy as financial losses pile up and debt payments loom
Read full article: Spirit Airlines files for bankruptcy as financial losses pile up and debt payments loomSpirit Airlines has filed for bankruptcy protection and will attempt to reboot as it struggles to recover from the pandemic-caused swoon in travel and a failed attempt to sell the airline to JetBlue.
Spirit Airlines delays release of Q3 financial results as debt restructuring talks heat up
Read full article: Spirit Airlines delays release of Q3 financial results as debt restructuring talks heat upSpirit Airlines says it wonāt announce its quarterly financial results on time because the company is focused on talks with bond holders to restructure its debt.
US prohibits airlines from flying to Haiti and UN suspends flights after planes were shot by gangs
Read full article: US prohibits airlines from flying to Haiti and UN suspends flights after planes were shot by gangsThe Federal Aviation Administration is prohibiting U.S. airlines from flying to Haiti for 30 days after gangs shot two planes.
California announces sustainable fuels partnership to curb emissions from planes
Read full article: California announces sustainable fuels partnership to curb emissions from planesCalifornia is partnering with a major airline trade group to increase the availability of sustainable aviation fuels in the state.
East Coast airline to end SA flights and exit city
Read full article: East Coast airline to end SA flights and exit cityJetBlue Airways Corp. is grounding its Alamo City operations. The Long Island-based carrier plans to exit the market, ending nonstop flights to Boston and New York City in late October.
JetBlue's CEO is stepping down, and he'll be replaced by the first woman to lead a big US airline
Read full article: JetBlue's CEO is stepping down, and he'll be replaced by the first woman to lead a big US airlineThe CEO of JetBlue is stepping down, and he's being replaced by the first woman to head a major U.S. airline.
NTSB says a JetBlue captain took off quickly to avoid an incoming plane in Colorado last year
Read full article: NTSB says a JetBlue captain took off quickly to avoid an incoming plane in Colorado last yearFederal investigators are describing a close call between planes at a Colorado airport last year.
JetBlue plane tilts back after landing at JFK Airport in New York but no injuries are reported
Read full article: JetBlue plane tilts back after landing at JFK Airport in New York but no injuries are reportedJetBlue officials say a plane rocked back with its nose pointed skyward after landing at New Yorkās John F. Kennedy International Airport because of a shift in weight on the aircraft.
A Learjet pilot thought he was cleared to take off. He wasn't. Luckily, JetBlue pilots saw him
Read full article: A Learjet pilot thought he was cleared to take off. He wasn't. Luckily, JetBlue pilots saw himFederal investigators say the pilot of a charter jet took off without permission, causing an approaching JetBlue plane to cancel its landing at the last second.
American Airlines, JetBlue seek to keep some ties despite losing antitrust case
Read full article: American Airlines, JetBlue seek to keep some ties despite losing antitrust caseAmerican Airlines and JetBlue are trying to salvage parts of their partnership in the Northeast, even after a federal judge ruled they must break up the deal.
Verizon, AT&T delay some 5G service over airlines' concerns
Read full article: Verizon, AT&T delay some 5G service over airlines' concernsVerizon and AT&T won't power up some wireless towers near airports until next summer to give airlines more time to make sure the new service won't interfere with planes.
US Transportation Dept. lifts restrictions on Cuba flights
Read full article: US Transportation Dept. lifts restrictions on Cuba flightsThe U.S. Transportation Department is making it easier for Americans to travel to Cuba, lifting flight restrictions that were established during the Trump administration.
Spirit still prefers bid from Frontier Airlines over JetBlue
Read full article: Spirit still prefers bid from Frontier Airlines over JetBlueSpirit Airlinesā board still supports Frontier Airlinesā $2.9 billion takeover bid for the airline, saying it determined JetBlueās competing $3.6 billion offer isnāt a superior proposal.
EXPLAINER: Why was holiday-season flying such a nightmare?
Read full article: EXPLAINER: Why was holiday-season flying such a nightmare?A forecast of better weather means that the worst may finally be over for tens of thousands of air travelers who were grounded by flight cancellations that skyrocketed over the New Yearās Day weekend.
Safety last: Risky investments soared at start of 2021
Read full article: Safety last: Risky investments soared at start of 2021FILE - In this Tuesday, March 9, 2021, file photo, a JetBlue flight arrives at Salt Lake City International Airport, in Salt Lake City. (AP Photo/Rick Bowmer, File)NEW YORK ā Who needs safety when the world's about to get back to normal? Worries are also rising that one the worst enemies of bond investors, inflation, may be set to return. The drops in bond prices sent the average intermediate-term core bond fund down 2.9% in the first quarter, as of Tuesday, according to Morningstar. Higher interest rates are adding more pressure on high-growth stocks, which were often lagging the market during the first quarter.
US jobless claims fall to 712,000 as pace of layoffs eases
Read full article: US jobless claims fall to 712,000 as pace of layoffs easesA JetBlue flight arrives at Salt Lake City International Airport, Tuesday, March 9, 2021, in Salt Lake City. The Labor Department said Thursday that applications for unemployment aid dropped by 42,000 from 754,000 the week before. Though the job market has been slowly strengthening, many businesses remain under pressure, and 9.6 million jobs remain lost to the pandemic that flattened the economy 12 months ago. AdAll told, 4.1 million Americans are receiving traditional state unemployment benefits. Even where restrictions didn't exist, many Americans for months chose to stay home to avoid the risk of infection.
US airlines adding jobs, extending rebound from October low
Read full article: US airlines adding jobs, extending rebound from October lowThe Transportation Department said Tuesday, March 9, 2021, that the airline industry employed 713,949 people full-time or part-time in January. Cargo airlines have added jobs while passenger airlines have shed workers, mostly through incentives for workers to quit or take early retirement. The Transportation Department said Tuesday that 713,949 people held full-time or part-time jobs at airlines in mid-January, up from 694,638 in December and the low of 673,278 in October. American Airlines eliminated 8,700 jobs, or 8% of its workers, and Southwest shed more than 4,600 jobs, or 7.5%. FedEx's express-delivery division grew by about 24,000 jobs, or 9.8%, United Parcel Service added 183 jobs, or 2.9%, in its air-shipment business, and smaller cargo carriers such as Atlas Air also added jobs, according to the Transportation Department.
JetBlue is the latest airline to retreat from blocking seats
Read full article: JetBlue is the latest airline to retreat from blocking seatsThe days of airlines blocking seats to make passengers feel safer about flying during the pandemic are coming closer to an end. A spokesman for the carrier said Thursday that JetBlue will reduce the number of seats it blocks after Dec. 1 to accommodate families traveling together over the holidays. Southwest Airlines said last week that it will stop limiting the number of seats it fills after Dec. 1. Some airlines promised to block middle seats to create more distance between passengers. Southwest CEO Gary Kelly made a similar reference to āscientific evidenceā that cabins are safe, but he also cited a strong financial incentive to stop blocking middle seats.