Passengers deplane through the business class seating area on an American Airlines flight, London Heathrow Airport, Aug. 14, 2018. Jeff Greenberg | Universal Images Group | Getty Images Cheap seats aren’t enough for airline passengers anymore. Since the pandemic, travelers have shown airlines that they’re willing to pay up to sit at the relatively spacious … Read more
Alaska Airlines planes. Anadolu | Anadolu | Getty Images Alaska Air Group expects to grow profits by $1 billion through 2027, and plans to ride the wave of high-end travel demand to get there. Alaska closed its $1.9 billion acquisition of Hawaiian Airlines in September, less than a year after inking the deal that gives … Read more
Frontier Airlines planes are parked at gates in Denver International Airport (DEN) in Denver, Colorado, on August 5, 2023. Daniel Slim | Afp | Getty Images Frontier Airlines, one of the world’s biggest budget airlines, is adding first-class seats. Its change in strategy comes as the industry is battling for customers who are willing to … Read more
A Southwest Airlines plane takes off from Hollywood Burbank Airport in Burbank, California, July 25, 2024. Mario Tama | Getty Images Southwest Airlines and American Airlines raised their fourth-quarter forecasts on Thursday, citing strong demand and higher fares, sending shares in the carriers higher. Southwest said in a securities filing that fourth-quarter unit revenue will … Read more
Airlines may not be fans of “skiplagging,” but travelers who use it to save money on flights surely are. The practice involves buying a connecting flight, with no intention of taking the second leg of the journey. Flyers do this when they find a connecting flight — that stops at their intended destination — that’s … Read more
A tourist takes a photo as the Acropolis’ Propylaea are seen in the background, in Athens, Greece, on June 28, 2024. Elias Marcou | Reuters Flights between the U.S. and Europe have not been this cheap in three years, when many countries were just lifting Covid-19 era rules. Fares are low even for the traditionally … Read more
Southwest Airlines‘ third-quarter profit fell from a year ago but topped Wall Street estimates as the carrier worked to drum up revenue and fend off activist investor Elliott Investment Management. Elliott and Southwest struck a deal, announced Thursday, that averts a proxy fight and adds six of the activist’s candidates to the board. CEO Bob … Read more
A United Airlines Boeing 737-MAX 8 aircraft departs at San Diego International Airport en route to New York on Aug. 24, 2024. Kevin Carter | Getty Images United Airlines said Tuesday that it is starting a $1.5 billion share buyback as the carrier reported higher-than-expected earnings for the busy summer travel season and forecast strong … Read more
Reiterates Efforts to Reach Constructive Resolution with Elliott Outlines Actionable Steps Taken to Position Southwest for the Future Shareholders Not Required to Take Immediate Action DALLAS, Oct. 14, 2024 /PRNewswire/ — Southwest Airlines Co. (NYSE: LUV) (“Southwest” or the “Company”) today confirmed that Elliott Investment Management L.P. (“Elliott”) requested a Special Meeting of Shareholders to … Read more
Boeing 737s on the ground in Renton, Washington. Leslie Josephs | CNBC Boeing delivered 33 airplanes in September, six more than during the same period a year earlier, as the company and its customers keep an eye on the impact of a machinist strike, now in its fourth week. Through September, Boeing has handed over … Read more
