Airlines

Southwest Reducing Training Time Needed for New Pilots

We’d like to think that learning on the job shouldn’t apply to the person in the cockpit of the 500,000-pound commercial airliner you’re flying. As it looks to increase hiring amid a pilot dearth, Southwest Airlines announced it will reduce…

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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Music Royalty

Music Royalty

Yesterday, a publicly-listed British company called Hipgnosis Songs Fund announced a $323 million deal to buy the rights to 33,000 songs including The B-52’s Love Shack, Fleetwood Mac’s Go Your Own Way, and Mariah Carey’s All I Want For Christmas.  Spinning Gold Hipgnosis has…

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