Airline profits lag even as travel demand breaks records

Airline profits lag even as travel demand breaks records

Passengers pass through O’Hare airport in Chicago, July 3, 2024. Scott Olson | Getty Images Record summer air travel demand isn’t translating to record U.S. airline profits. Carriers will have to answer for that disconnect when they report quarterly results this month. Some airlines have forecast record demand, and in some cases, revenue. But higher … Read more

JetBlue resets with new CEO Joanna Geraghty, airline veterans

JetBlue resets with new CEO Joanna Geraghty, airline veterans

A JetBlue Airways plane prepares to depart New York’s LaGuardia Airport. Leslie Josephs/CNBC In the 24 years since JetBlue Airways‘ first flight, the New York-basedĀ airlineĀ has pushed the envelope for a carrier of its size. Now, with some veteran executive hires and cost-cutting, it’s trying to get back to basics. JetBlue was a pioneer in seat-back … Read more