Airlines

Virgin Yanks Support For Heathrow Runway

Looks like this summer’s travel chaos is still triggering air rage. During an appearance at the London Airlines 2022 conference on Monday, Virgin Atlantic CEO Shai Weiss accused Heathrow airport of abusing its power as Europe’s biggest airport and announced…

(Photo Credit: Joao Carlos Medau/Flickr)

The Most Lucrative Airline Route in the World is Finally Reopening

Big Ben to Lady Liberty was a $1 billion connection for British Airways, as the UK airline made that much in 2019 flying between London’s Heathrow and New York’s JFK international airports. Then, well… you know what happened. Today, the…

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AT&T and Verizon to Delay 5G Rollout Over FAA’s Airplane Fears

Verizon and 5G.

Two of America’s biggest telecoms, AT&T and Verizon, agreed on Thursday to delay the debut of a new 5G frequency band for a month. The reason: the Federal Aviation Administration needs to work out once and for all whether it…

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General Electric’s Revival Hangs on Nascent, But Tricky, Aerospace Business

General Electric

Jet engines are making a comeback, and just in time to propel General Electric out of the funk it’s been stuck in since before the pandemic. The multinational giant, beleaguered for years by corporate missteps and now enduring a turnaround…

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Boeing Cuts 787 Production After Latest in a Line of Production Snags

With its 787 Dreamliner jet plagued by production problems since August, it seems like Boeing has registered more unforced errors this year than the whole of Wimbledon. Delays on the model have already cost the company $8 billion, and on…

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United to Purchase 15 Supersonic Aircraft from Boom Supersonic

Ready to travel again but not too keen on spending half the day in a metal tube thousands of feet in the air? You’re in luck. Long-haul flights could soon become quicker than the speed of sound. Literally. United Airlines…

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A Sniffer Pup Shortage is the Cutest Supply Chain Threat Yet

Semiconductor scarcity. Online shopping demand. Cyberattacks. The last year has brought plenty of stress to bear on supply chains. But now there’s another issue dogging them: man’s cuddly best friend. That’s right. Airlines and logistics companies are scampering over one…

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State Flies to the Aid of Air France-KLM

Yesterday the French government said bon voyage to €4 billion. After a lengthy negotiation with the European Union, the French state announced a hefty bailout package for its beleaguered flag-carrying airline, Air France-KLM. Aidez-moi SVP You know the story. Airlines…

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Frontier Completes Second Airline IPO of 2021

After an exceedingly quiet two years, the market for airline IPOs is finally taking off. Yesterday Denver-based Frontier Airlines made its debut on the Nasdaq after a failed attempt in 2017. According to the NYT, Frontier is the last of…

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It’s Wheels Up On Wall Street

It would be hard to conjure up a more hoity-toity transaction. Wheels Up, the private jet charter start-up, will soon go public via a merger with a SPAC called Aspirational Consumer Lifestyle Corp. The SPAC was founded by a former…

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Delta Plans A Vacation From GAAP Prison

Delta Plans A Vacation From GAAP Prison

Yesterday Delta delivered its fourth quarter earnings report confirming what everyone already knew: it lost an enormous sum of money in 2020. $12.4 billion, or $34 million per day. Looking ahead, CEO and apparent optimist Ed Bastion sees profitability on…

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Extra Credit: The Shifting World of Private Credit Markets

Tale of the Tape: Warren Buffett and Cathie Wood

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