A passenger arrives at Ronald Reagan Washington National Airport on November 21, 2023 in Arlington, Virginia. Alex Wong | Getty Images JetBlue Airways is offering early retirement packages to some of its pilots, their labor union told members on Friday. The carrier has been working to cut costs and raise up revenue with initiatives such […]
In November, Spirit Airlines filed for Chapter 11 bankruptcy protection. The icon of U.S. budget air travel hasn’t had a profitable year since 2019, and it’s lost more than $2 billion since 2020. How did it get here? The Covid-19 pandemic was devastating to all airlines, but that was just the start of Spirit’s financial […]
Spirit Airlines baggage tags are seen near a check-in counter at the Austin-Bergstrom International Airport on April 10, 2024 in Austin, Texas. Brandon Bell | Getty Images Spirit Airlines shares surged after the struggling budget carrier said it would cut jobs and sell aircraft. The carrier late Thursday laid out a plan to reduce costs and raise […]
With Wall Street rolling into the thick of earnings season, CNBC’s Jim Cramer on Friday told investors what market-moving action to keep an eye on next week, including reports from Boeing, Tesla, IBM and T-Mobile. He celebrated the market’s lengthy winning streak and suggested it could continue. “It’s hard to believe, but this market’s now […]
