Southwest Airlines cuts revenue forecast

Southwest Airlines cuts revenue forecast

A Southwest Airlines jet is parked Ellison Onizuka Kona International Airport at Kehole awaiting passengers on January 20, 2024 in Kailua-Kona, Hawaii. Kevin Carter | Getty Images Southwest Airlines shares fell roughly 4% in early trading Wednesday after the carrier cut its second-quarter revenue forecast, citing changing booking patterns. Southwest expects revenue per available seat … Read more

Welcome to WIRED Travel | WIRED

Welcome to WIRED Travel | WIRED

Hello, and welcome to WIRED Travel, WIRED’s new destination for coverage of all things transportation, aviation, vacation, and more. Of course, innovations in travel technology, from next-generation electric vehicles to fuel-sipping, climate-friendly aircraft, are all mainstays of WIRED’s coverage already. But we’re excited to pull it all together in one place and have the opportunity … Read more

FedEx (FDX) earnings Q4 2024

FedEx (FDX) earnings Q4 2024

A pedestrian walks by a parked FedEx delivery truck on March 21, 2024 in San Francisco, California. Justin Sullivan | Getty Images FedEx shares soared more than 15% after hours Tuesday after the company reported results that topped analysts’ estimates in both earnings and revenue. Here’s how the company did in its fiscal fourth quarter … Read more

GM’s Cruise names former Amazon, Microsoft Xbox executive as new CEO

GM’s Cruise names former Amazon, Microsoft Xbox executive as new CEO

DETROIT – General Motors’ Cruise autonomous vehicle unit on Tuesday announced former Amazon and Microsoft executive Marc Whitten as its new CEO. Whitten was a founding engineer at Microsoft’s Xbox before leaving the company after more than 17 years to become chief product officer of audio company Sonos in 2014, according to his LinkedIn profile. … Read more

Volkswagen takes $1 billion stake in EV maker

Volkswagen takes  billion stake in EV maker

Workers assemble second-generation R1 vehicles at electric auto maker Rivian’s manufacturing facility in Normal, Illinois, U.S. June 21, 2024. Joel Angel Juarez | Reuters Volkswagen is taking a $1 billion stake in electric vehicle startup Rivian, which has been seeking to cut costs and shore up cash amid slower-than-expected adoption of EVs. The companies also … Read more

U.S. auto sales are expected to slow during the second half of 2024

U.S. auto sales are expected to slow during the second half of 2024

Cars sit on a Chevrolet dealership’s lot on June 20, 2024 in Chicago, Illinois. A cyber attack on CDK Global, a software provider that helps dealerships manage sales and service, has crippled the workflow at approximately 15,000 dealerships across the United States and Canada.  Scott Olson | Getty Images DETROIT – U.S. auto sales through … Read more

German airline Lufthansa hikes ticket fares due to environmental costs

German airline Lufthansa hikes ticket fares due to environmental costs

An Airbus A340-300 and an Airbus A 321-100 belonging to Lufthansa are parked on the airport apron. Helmut Fricke | Picture Alliance | Getty Images German airline firm Lufthansa Group said Tuesday that it would add an “environmental cost surcharge” to ticket prices as soon as this week, which could be as high as 72 … Read more

VW 2025 Jetta updated to boost sales

VW 2025 Jetta updated to boost sales

Volkswagen on Tuesday announced updates for its 2025 Jetta sedan to boost sales amid industry-wide affordability concerns. The entry-level version of the Jetta with an automatic transmission will start at $21,995 when it goes on sale, expected by the end of the third quarter, the company said. That model will replace the current lower-priced model … Read more

Delta, United compete to be America’s luxury airline

Delta, United compete to be America’s luxury airline

An Airbus A330-323 aircraft, operated by Delta Air Lines. Benoit Tessier | Reuters Delta Air Lines is the country’s most profitable airline. CEO Ed Bastian’s challenge is to make sure his carrier stays on top. The airline’s unit revenue, the amount it brings in for every seat it flies one mile, outpaced its competitors’ last … Read more

Delta One JFK lounge opens. Here’s what’s inside

Delta One JFK lounge opens. Here’s what’s inside

The bar at the Delta One lounge at New York’s John F. Kennedy International Airport. Leslie Josephs | CNBC Delta Air Lines’ most exclusive airport lounge opens this week to travelers flying on the right ticket. The Delta One lounge at the carrier’s hub in John F. Kennedy International Airport will open Wednesday to customers … Read more