Last year was Denver International Airport’s busiest on record. While airline stocks have yet to fully recover to pre-pandemic levels, passengers have returned in droves — and millions of them are flying through the Colorado hub. “We will end 2023 much higher than our forecast at about 78 million passengers annually,” said Phil Washington, CEO … Read more
Delta Air Lines airplanes are seen parked at Hartsfield-Jackson International Airport in Atlanta. Camilo Freedman | Lightrocket | Getty Images Delta Air Lines expects to move forward with an order of Boeing 737 Max 10 aircraft as the plane manufacturer struggles with issues surrounding the Max 9, the carrier’s CEO told CNBC on Friday. The … Read more
A JetBlue airliner lands past a Spirit Airlines jet on taxi way at Fort Lauderdale Hollywood International Airport on Monday, April 25, 2022. Joe Cavaretta | Sun Sentinel | Getty Images Spirit Airlines is on shaky footing after JetBlue Airways‘ proposed $3.8 billion takeover of the budget carrier was blocked by a federal judge this … Read more
LaGuardia International Airport Terminal A for JetBlue and Spirit Airlines in New York. Leslie Josephs | CNBC A federal judge blocked JetBlue Airways‘ purchase of budget rival Spirit Airlines, a major win for Biden’s Justice Department, which sued to stop the merger, alleging it would drive up fares for some of the most price-sensitive consumers. … Read more
An Embraer E175LR passengers aircraft of American Eagles airlines (C) taxxing before take-off to Pittsburg is seen at La Guardia Airport on January 9, 2024. Charly Triballeau | Afp | Getty Images Airlines canceled about 2,000 U.S. flights Friday as they grapple with winter weather and the grounding of Boeing 737 Max 9 planes. Storms … Read more
A Delta Airlines Boeing 737-700 seen lining up before departure at Princess Juliana airport. Fabrizio Gandolfo | Lightrocket | Getty Images Delta Air Lines shares slipped about 7% Friday after the company trimmed its 2024 earnings forecast. Delta forecast full-year earnings per share of $6 to $7, below its previous estimate of more than $7 … Read more
Delta Air Lines closed out the year by doubling its quarterly profit as travel demand, particularly for international trips, helped drive record revenue in 2023. CEO Ed Bastian said continued strong travel demand could boost earnings this year. Still, the company’s full-year profit outlook was below a previous forecast, and the stock fell 5% in … Read more
An American Airlines Airbus 321 sits at the gate at Ronald Reagan Washington National Airport (DCA) in Arlington, Virginia, on July 23, 2023. Daniel Slim | AFP | Getty Images First things first: American Airlines isn’t changing the requirements to earn elite status at the airline in the coming earning year. Those thresholds are typically … Read more
Robin Hayes, CEO of JetBlue Airways, speaks to guests following the airline’s inaugural flight from John F. Kennedy Airport in New York to London Heathrow Airport in London on Aug. 12, 2021. Chris J. Ratcliffe | Bloomberg | Getty Images JetBlue CEO Robin Hayes will step down next month, the company said Monday. The airline’s … Read more
Here are the most important news items that investors need to start their trading day: 1. A bumpy beginning 2. Boeing woes continue Boeing shares dropped in premarket trading Monday, after the FAA grounded about 171 of the company’s 737 Max 9 planes. The agency grounded the aircraft for inspections after a panel blew out … Read more
