Rival bids for Spirit from Frontier and JetBlue could create an airline that presents a more formidable challenge to American, Delta, Southwest and United. By Niraj Chokshi and Lauren Hirsch. When the dust settled on a big round of airline consolidation nearly a decade ago, four large companies came to dominate the industry. A new…
To kick off his company’s conference broadcast from New York on Tuesday, J.P Morgan airline analyst Jamie Baker mentioned “unrelentingly robust current demand trends and the success that the industry is currently having in putting higher fuel prices to customers in the form of revenue management and capacity cuts.” Executives from major U.S. carriers speaking…
By Tacey Rychter, social editor for the Travel section of The New York Times. As stranded Spirit Airlines travelers grew desperate at San Juan Airport in Puerto Rico during a chaotic night of cancellations on Aug. 1, banging on a gate door and yelling at staff, police officers rounded up the airline’s cabin crews to…
Proponents of sustainable aviation fuels hope that momentum from corporates and governments on climate change action translates to big investments in cleaner flying. A raft of recent airline announcements points to growing attention in this area. A corporate group buying initiative launched on Tuesday. The Rocky Mountain Institute and Environmental Defense Fund created the Sustainable…
Airline capacity remains down dramatically on most international routes while markets with big domestic networks, like the United States, are rebounding. Leisure routes take precedence over business ones. In the short-to-medium term, travel buyers should expect gaps in preferred carrier networks, fewer frequencies and different aircraft than travelers are used to. The situation will remain…
Due to the pandemic, global airline capacity fell by 58 percent last year compared with 2019, according to IATA. In the first week of this year, the number of scheduled flights worldwide was down 44 percent. Steep declines in airline capacity exacerbated an old industry problem: the inability of passengers to reach destinations aboard their…
American Express Global Business Travel on Monday said it enabled customers to buy carbon offsets on “preferred terms” from two nonprofits, Carbonfund.org Foundation and Carbon Footprint. The program offers a variety of “verified and validated” offset activities customers can choose to support. “Clients will receive a donation e-receipt for their payment amounts, as well as…
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