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…
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…
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…
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…
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…
