Airlines flex pricing power, signaling higher fares in 2025

Airlines flex pricing power, signaling higher fares in 2025

Travelers walk through O’Hare International Airport in Chicago, Illinois, on December 20, 2024 ahead of the upcoming Christmas holiday.  Kamil Krzaczynski | AFP | Getty Images Higher airfare is in store this year as strong demand, even during the dead of winter, and limited capacity growth prompt airlines to flex their pricing power. Fare-tracking platform … Read more

American Airlines (AAL) 4Q 2024 earnings

American Airlines (AAL) 4Q 2024 earnings

An American Airlines Boeing 787-8 Dreamliner departs from Los Angeles International Airport en route to Tokyo on September 19, 2024 in Los Angeles, California.  Kevin Carter | Getty Images American Airlines‘ first-quarter earnings outlook on Thursday fell short of analysts’ estimates, sending shares down roughly 10%. The carrier forecast an adjusted loss per share of … Read more

United Airlines (UAL) 4Q 2024 earnings

United Airlines (UAL) 4Q 2024 earnings

A United Airlines airplane proceeds to a runway at Newark Liberty International Airport in front of the skyline of lower Manhattan and One World Trade Center in New York City on December 4, 2024, in Newark, New Jersey.  Gary Hershorn | Corbis News | Getty Images United Airlines forecast first-quarter earnings that surpassed analysts’ estimates … Read more

Dozens of flights diverted, delayed after FAA warned of SpaceX debris

Dozens of flights diverted, delayed after FAA warned of SpaceX debris

View of Space X’s Starship on the launch pad for its seventh test flight, in Boca Chica, Texas, U.S. Maxar Technologies | Via Reuters Several commercial flights were diverted or delayed after SpaceX’s Starship rocket broke up during its seventh flight test on Thursday. Dozens of flights were affected, according to flight-tracker Flightradar24. The Federal Aviation … Read more

Spirit Airlines cuts 200 jobs in bankruptcy cost-cutting scramble

Spirit Airlines cuts 200 jobs in bankruptcy cost-cutting scramble

A Spirit Airlines plane at New York’s LaGuardia Airport Leslie Josephs/CNBC Spirit Airlines is cutting about 200 jobs across the company as the struggling budget carrier seeks to reduce costs after it filed for Chapter 11 bankruptcy protection in November. “These decisions were not made lightly, as we know they impact professional and personal lives,” … Read more

DOT sues Southwest, fines Frontier for ‘chronically delayed flights’

DOT sues Southwest, fines Frontier for ‘chronically delayed flights’

A Southwest Airlines Boeing 737 departs Los Angeles International Airport en route to Las Vegas on September 19, 2024 in Los Angeles, California.  Kevin Carter | Getty Images The Department of Transportation on Wednesday sued Southwest Airlines, alleging the carrier operated chronically delayed flights, and fined Frontier Airlines for late-arriving flights. The lawsuit follows a … Read more

Boeing delivered 30 airplanes in December as gap with Airbus widens

Boeing delivered 30 airplanes in December as gap with Airbus widens

Boeing 737 Max planes sit at the airport in Renton, Washington. Leslie Josephs | CNBC Boeing handed over 348 airplanes in 2024, about a third fewer than it did a year earlier as the aerospace giant struggled with a crisis after a midair door panel blowout a year ago and a machinist strike in the … Read more

Southwest Airlines makes new cuts to company spending to reduce costs

Southwest Airlines makes new cuts to company spending to reduce costs

A Southwest Airlines Boeing 737 passenger plane taxis along the tarmac at the Ronald Reagan Washington National Airport (DCA) in Arlington, Virginia on December 13, 2024.  Daniel Slim | Afp | Getty Images Southwest Airlines is pausing corporate hiring and promotions, suspending most of its summer internships and going without some employee team-building events that … Read more

Airlines extend travel waivers for LA airports

Airlines extend travel waivers for LA airports

In this aerial view taken from a helicopter, burned homes are seen during the Palisades fire in the Malibu area of Los Angeles county, California, on Jan. 9, 2025. Josh Edelson | Afp | Getty Images Airlines have extended travel waivers for Los Angeles airports as wildfires continue to burn in the area. American Airlines, … Read more

Airlines cancel more than 3,000 U.S. flights amid storm, Delta slide evacuation

Airlines cancel more than 3,000 U.S. flights amid storm, Delta slide evacuation

Snow blankets the Hartsfield-Jackson Atlanta International Airport as a winter storm moves into the area on Jan. 10, 2025. Joe Raedle | Getty Images Airlines canceled more than 3,000 flights on Friday as a massive winter storm snarled travel across the Southern U.S., while more than 4,000 others were delayed. Operations were further disrupted after … Read more