Automakers are turning to aggressive discounts to boost stagnating electric vehicle sales, especially on leases. Some EVs, and some EV buyers, are not eligible for the $7,500 federal tax credit. High income buyers can’t receive the credit, nor can cars made outside the United States, for example. However, leasing offers a loophole that bypasses all … Read more
A Spirit Airlines aircraft undergoes operations in preparation for departure at the Austin-Bergstrom International Airport in Austin, Texas, on Feb. 12, 2024. Brandon Bell | Getty Images Spirit Airlines said Tuesday it would post a wider-than-expected loss for the last quarter because of revenue that came in short of its expectations. Spirit expects to report … Read more
With consumers getting more selective on how and where they vacation, cruise lines are fighting for Americans’ tourist budgets. Royal Caribbean thinks shortening trips and packing the days with activities and exclusive opportunities will keep customers hooked. “I think we are an experience-driven mindset,” Royal Caribbean CEO Jason Liberty told CNBC’s “Squawk on the Street” … Read more
Rafael Henrique | SOPA Images | Lightrocket | Getty Images Uber on Tuesday announced it’s rolling out a new feature that lets users see average wait times and costs for rides in more than 10,000 cities. The feature, which aims to make planning summer travel easier, comes as record numbers of travelers are passing through … Read more
GM CEO and Chair Mary Barra speaks during an “EV Day” on March 4, 2020, at the company’s tech and design campus in Warren, Michigan, a suburb of Detroit. GM General Motors‘ goal of being capable of producing 1 million all-electric vehicles in North America by the end of 2025 in heavily in doubt, following … Read more
A SpaceX Falcon 9 rocket flies carrying a payload of 22 Starlink internet satellites into space after launching from Vandenberg Space Force Base on March 18, 2024 as seen from Los Angeles, California. Mario Tama | Getty Images SpaceX’s Falcon 9 rocket is grounded, pending an incident investigation, after an inflight failure — a rare … Read more
Indoor waterfalls, rooftop pools, yoga studios. Airports have many bells and whistles these days. But most travelers would gladly trade them for flights that consistently arrive on time. The passenger rights company AirHelp ranked 239 airports in 69 countries, with an emphasis on the on-time performance of flights operating from May 2023 to April 2024. … Read more
This picture taken in Paris on March 3, 2024, shows the silhouette of the Eiffel Tower and the city skyline with cloudy weather. Stefano Rellandini | Afp | Getty Images For more than 10,000 Olympic athletes, making it to Paris this summer is a dream come true. Thousands of potential tourists feel otherwise. Delta Air … Read more
Nurphoto | Nurphoto | Getty Images Delta Air Lines on Thursday forecast record revenue for the third quarter thanks to booming summer travel demand, but its earnings forecast fell short of analysts’ estimates. Shares of Delta fell about 7% in premarket trading. Here’s how the company performed in the three months ended June 30, compared with … Read more
NASA astronauts Butch Wilmore (R) and Suni Williams, wearing Boeing spacesuits, depart the Neil A. Armstrong Operations and Checkout Building at Kennedy Space Center for Launch Complex 41 at Cape Canaveral Space Force Station in Florida to board the Boeing CST-100 Starliner spacecraft for the Crew Flight Test launch , on June 5, 2024. Miguel … Read more
