Companies losing pricing power after years of unbridled spending

Companies losing pricing power after years of unbridled spending

Pedestrians carrying Nike and Allbirds shopping bags in the SoHo neighborhood of New York on Oct. 24, 2021. Nina Westervelt | Bloomberg | Getty Images After years of unbridled consumer spending on everything from home improvement to dream vacations, some companies are now finding the limits of their pricing power. Shipping giant FedEx last week … Read more

Boeing urges inspections of 737 Max planes for ‘possible loose bolt’

Boeing urges inspections of 737 Max planes for ‘possible loose bolt’

The Boeing 737 MAX aircraft is displayed at the Farnborough International Airshow, in Farnborough, Britain, July 20, 2022. Peter Cziborra | Reuters Boeing is urging airlines to inspect 737 Max planes to look for a “possible loose bolt” in the rudder control system, the latest quality issue to affect the manufacturer’s best-selling jetliner. The manufacturer … Read more

Airlines are feeling the impact of the Israel-Hamas war

Airlines are feeling the impact of the Israel-Hamas war

An Etihad Airways Boeing 787-9 “Dreamliner” aircraft displays Israeli and Emirati flags after landing upon arrival from the United Arab Emirates (UAE) at Israel’s Ben Gurion Airport near Tel Aviv, on the company’s first scheduled commercial flight from Abu Dhabi, on April 6, 2021. JACK GUEZ | AFP | Getty Images DUBAI, United Arab Emirates … Read more

Boeing order bonanza leaves Airbus in the dust

Boeing order bonanza leaves Airbus in the dust

Aermacchi MB-339 trainer aircraft of the Fursan al-Emarat (UAE Knights) aerobatics team release smoke as they fly over with an Emirates Airbus A380-861 jetliner aircraft during the 2023 Dubai Airshow at Dubai World Central – Al-Maktoum International Airport in Dubai on November 13, 2023.  Giuseppe Cacace | Afp | Getty Images DUBAI, United Arab Emirates … Read more

Thanksgiving air travel set for records in test for airlines

Thanksgiving air travel set for records in test for airlines

Travelers wait in line to check in for their flights at a Delta Airlines ticket counter at Orlando International Airport during the busy Christmas holiday season on December 28, 2022 in Orlando, Florida. Paul Hennessy | Anadolu Agency | Getty Images Airlines expect record travel demand this Thanksgiving. Executives say they’re prepared for the hordes. … Read more

Boeing hands over first 787 Dreamliner to China since 2019

Boeing hands over first 787 Dreamliner to China since 2019

The Boeing 787 Dreamliner sits on the tarmac at Boeing Field in Seattle, Washington. Robert Sorbo | Reuters Boeing on Thursday handed over a 787 Dreamliner directly to a Chinese airline for the first time since November 2019, a milestone that could open up the possibility of deliveries of the manufacturer’s cash cow, the 737 … Read more

Indian travelers are spending big but only 1% are going overseas

Indian travelers are spending big but only 1% are going overseas

The world famous Gateway of India monument in Mumbai, India was built during the 20th century to commemorate the visit of king George V and Queen Mary. It is located on the waterfront of the Apollo Bunder area of south Mumbai and is the city’s top tourist attraction. Darren Robb | The Image Bank | … Read more

Airlines shave minutes off flight times with faster boarding, new tech

Airlines shave minutes off flight times with faster boarding, new tech

Passengers make their way through the terminal as they travel ahead of the Thanksgiving holiday at Washington Dulles International Airport in Dulles, Virginia, on Nov. 22, 2023. Kevin Lamarque | Reuters In air travel, minutes matter. A few moments could be the difference between making and missing a connection for passengers — and could avoid … Read more

Spirit Airlines offers buyouts to salaried employees

Spirit Airlines offers buyouts to salaried employees

A Spirit Airlines plane takes off at Los Angeles International Airport in Los Angeles, June 1, 2023. Mario Tama | Getty Images Spirit Airlines is offering voluntary exit packages to salaried employees, the budget carrier’s latest cost-cutting measure as it expects financial strains to continue next year. The airline has been facing weak off-peak demand … Read more