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☆ Sluggish return of business travelers forces US airlines to rejig their networks
▼ + stars: | 2023-08-03 | by ( Rajesh Kumar Singh | ) www.reuters.com time to read: +5 min

Before the pandemic hit in 2020, corporate travel was the travel industry's cash cow. Investors in travel companies are concerned that the spending from vacationers cannot make up the shortfall. For months, Alaska Air's (ALK.N) business bookings have been 25% below pre-pandemic levels. JetBlue Airways (JBLU.O) said on Tuesday it will redeploy capacity away from New York to high-margin leisure destinations with business travel demand 20% below pre-pandemic levels. Recent passenger screening and fare data shows U.S. travel demand has peaked, hurting the carriers' pricing power.

Persons: Ronald Reagan, Kevin Lamarque, Shane Tackett, Bob Jordan, Kevin Kopelman, Luis Gallego, JPMorgan Chase, Goldman Sachs, Morgan Stanley, Rajesh Kumar Singh, Doyinsola Oladipo, Sarah Young, Joanna Plucinska, David Gaffen, Matthew Lewis Organizations: Ronald Reagan Washington National Airport, REUTERS, U.S, Investors, Airlines for America, Reuters, JetBlue Airways, Southwest Airlines, Marriott, MasterCard, Delta Air Lines, American Airlines, NYSE, Cowen, British Airways, IAG, Google, JPMorgan, Thomson Locations: Ronald Reagan Washington, Arlington , Virginia, U.S, Alaska, Seattle, Mexico, Costa Rica, California, New York, Asia, Pacific, Europe, Chicago, London

☆ Airlines report soaring profits amid travel demands
▼ + stars: | 2023-07-28 | by ( Eva Rothenberg | ) edition.cnn.com time to read: +3 min

CNN —International airlines have reported significant profits this year, boosted by strong demand for leisure travel – and events, such as the World Cup, which gave Qatar Airlines an enormous lift. On Thursday, International Airlines Group, which includes Aer Lingus and British Airways, announced a record profit of about $1.4 billion for the first half of the year. “Customer demand remains strong across the Group, particularly for leisure travel, with around 80% of passenger revenue for the third quarter already booked. Qatar Airways reported a $1.2 billion profit for the past fiscal year, ascribing its strong performance to December’s FIFA World Cup. In its report, Qatar Airways said that, throughout the 2022 World Cup, the company operated around 140,000 flights to bring more than 1.4 million people to Qatar.

Persons: Luis Gallego, Benjamin Smith, Akbar Al Baker, Michael O’Leary, – CNN’s Mostafa Salem, Pierre Meilhan Organizations: CNN — International, Qatar, International Airlines Group, Aer Lingus, British Airways, KLM Group, Amsterdam Schiphol Airport, Olympic, Paralympic Games, Air, Qatar Airways, KLM, FIFA, Ryanair, Europe’s Locations: AirFrance, Amsterdam, France, Air France, Qatar

But so far, IAG had not seen "any weakness into Q3 and Q4", finance chief Nicholas Cadbury added. In May, it said it expected annual profit above 2.3 billion euros ($2.5 billion), and analysts' consensus forecast stands at 2.8 billion euros. For the three months to the end of June, the group recorded an operating profit before exceptional items of 1.25 billion euros, compared to the 895 million euros analysts were on average expecting. "These numbers will help push expectations for this year strongly through the 3 billion euro operating profit level," Goodbody analysts said. ($1 = 0.9106 euros)Reporting by Sarah Young; Editing by Kate Holton and Mark PotterOur Standards: The Thomson Reuters Trust Principles.

Persons: Luis Gallego, IAG, Nicholas Cadbury, Sarah Young, Kate Holton, Mark Potter Organizations: British Airways, Air France, KLM AIRF.PA, Ryanair, Aer Lingus, Thomson Locations: Iberia, Aer, IAG, Europe

☆ 'The era of global boiling has arrived,' says UN boss, as White House announces provisions to protect workers from extreme heat
▼ + stars: | 2023-07-27 | by ( Catherine Clifford | In Catclifford | ) www.cnbc.com time to read: +1 min

"The era of global warming has ended; the era of global boiling has arrived." So said United Nations Secretary-General António Guterres in a speech Thursday at the UN headquarters in New York City. Also on Thursday, President Biden announced provisions to protect workers and communities from extreme heat, and had meetings scheduled with Mayor Kate Gallego of Phoenix, Arizona, and Mayor Ron Nirenberg of San Antonio, Texas, to discuss how their cities are handling extreme heat and how the federal government can help. "For vast parts of North America, Asia, Africa and Europe, it is a cruel summer," Guterres said. The record heat affecting communities across the globe is caused by climate change, and although the phenomenon has long been predicted, the pace of change is devastating, Guterres said.

Persons: António Guterres, Biden, Kate Gallego, Ron Nirenberg, Guterres Organizations: United Nations, UN, European Union, World Meteorological Organization, National Weather Service Locations: Clarksburg , Maryland, New York City, Phoenix , Arizona, San Antonio , Texas, North America, Asia, Africa, Europe

☆ Kyrsten Sinema raked in more than $100,000 from the airline industry as she pushed to alter pilot training requirements
▼ + stars: | 2023-07-18 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +4 min

Sen. Kyrsten Sinema made a last-minute push in June to change training requirements for pilots. At the same time, she received over $100,000 from the airline industry over the last three months. But for the airline industry that's been pushing for that reduction, it was a sign that they had Sinema's ear. Political action committees and airline executives gave over $100,000 to Sinema's campaign from April to June, according to recently-filed documents with the Federal Election Commission. Altogether, the money accounts for over a tenth of contributions to Sinema's main campaign account over the last 3 months.

Persons: Sen, Kyrsten Sinema, Kyrsten, Republican Sen, John Thune of, Tammy Duckworth, Duckworth, Ruben Gallego's, Sacha Haworth, she'll Organizations: Service, Democrat, Republican, Federal Aviation Administration, Air Line Pilots Association, Senate, Democratic, Federal, Commission, —, Delta Airlines, Southwest Airlines, Alaska Air Group —, Intercept, FAA, Democratic Rep, Ruben Gallego's Senate, PAC Locations: Wall, Silicon, Arizona, John Thune of South Dakota

☆ Mitch McConnell says he 'would love to have had' Kyrsten Sinema caucus with Republicans
▼ + stars: | 2023-05-08 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +3 min

Despite leaving the Democratic Party, Sen. Kyrsten Sinema says she'll never become a Republican. McConnell added that the "decision was made" when she decided to keep caucusing with Democrats. The Arizona senator, who left the Democratic Party to become an independent in December, nonetheless continues to informally caucus with her old colleagues, at least on paper. But in an interview with CNN published on Monday, Senate Minority Leader Mitch McConnell acknowledged that he would welcome Sinema to the Senate Republican conference — but that there's no active discussion of the idea. "I mean, I just, I'm laughing because I literally just spent time explaining how broken the two parties are," Sinema added.

☆ Kyrsten Sinema, eyeing GOP voters, knocks 'both political parties' when asked about election deniers in Arizona
▼ + stars: | 2023-05-08 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +5 min

In 2024, Sinema would likely need support from conservative voters who doubt the 2020 election. "Well, we're currently living in a climate where it's okay to say things that aren't true," Sinema said. "What I think we're facing in our country today is this situation where people don't know what's true and what's not true," said Sinema. Sinema again blamed "the two political parties" for becoming "more extreme." Lake says she's "seriously considering" a Senate campaign, and Sheriff Mark Lamb, already running in the GOP primary, has also cast doubt on the validity of the 2020 election.

☆ Independent Sen. Kyrsten Sinema, who left the Democratic Party last year, says she's 'absolutely' done with parties and won't join the GOP: 'You don't go from one broken party to another'
▼ + stars: | 2023-05-07 | by ( John L. Dorman | ) www.businessinsider.com time to read: +3 min

Kyrsten Sinema told CBS News she's "absolutely" done with political parties and won't join the GOP. She left the Democratic Party last year and became an Independent before a potential reelection bid. "It's okay not to agree a hundred percent with another," the Arizona senator told Margaret Brennan. There was less willingness for individuals to have their own opinions to make their own decisions," Sinema told Brennan. I mean, I just, I'm laughing because I literally just spent time explaining how broken the two parties are," Sinema replied.

☆ Kyrsten Sinema’s Party of One
▼ + stars: | 2023-05-01 | by ( Robert Draper | ) www.nytimes.com time to read: +3 min

Katie Hobbs, who received almost 11 percent of the Republican vote in her 2022 victory over the far-right Kari Lake. Sinema, even before she left the party in December, had become the Democrat whom Democrats love to hate. In January 2022, after her refusal to pass voting rights legislation by discarding the Senate filibuster that stood in the way, Sinema was censured by Arizona’s Democratic Party. “The decision was really a no-brainer,” a former state party official told me, adding that the censure resolution was supported by more than 90 percent of Arizona’s Democratic precinct committee members. Hobbs, on the other hand, relied heavily on the turnout of a progressive base that might have reacted poorly to Sinema’s presence on the stump.

☆ The 10 Senate seats most likely to flip in 2024
▼ + stars: | 2023-04-30 | by ( Simone Pathe | ) edition.cnn.com time to read: +19 min

The GOP needs a net gain of one or two seats to flip the chamber, depending on which party wins the White House in 2024, and it’s Democrats who are defending the tougher seats. Jim Justice announcing his Senate bid in West Virginia – the seat most likely to flip party control in 2024. In a presidential year, the national environment is likely to loom large, especially with battleground states hosting key Senate races. Two businessmen with the ability to tap into or raise significant resources could be in the mix – Eric Hovde, who lost the GOP Senate nomination in 2012, and Scott Mayer. Still, unseating Cruz in a state Trump won by nearly 6 points in 2020 will be a tall order.

☆ These are the top Senate races to watch in 2024
▼ + stars: | 2023-04-28 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +8 min

They have reason to be hopeful: Democrats face a daunting 2024 Senate map that puts them on defense in 23 of the cycle's 34 races, including multiple seats considered ripe for GOP challenges. The grim outlook has some Senate Democrats considering retirement, even after the caucus expanded to a 51-49 majority following a better-than-expected showing in the midterms. Jim Justice, reportedly the state's richest man and one of its favored contenders for the Senate race. But the 2024 Senate race in Ohio is currently considered a toss-up, as Republicans have made significant gains in the state in the last two election cycles. Sabato's Crystal Ball and the Cook Political Report both say the Michigan Senate race leans Democratic.

☆ Bipartisan Senate bill would push ticket sellers to disclose fees upfront
▼ + stars: | 2023-04-26 | by ( Chelsey Cox | ) www.cnbc.com time to read: +4 min

You also have the option of purchasing live tickets that can be printed directly from your computer or wireless device. WASHINGTON — Swifties, the BeyHive and Cure fans may have a reason to rejoice: Senators on Wednesday are set to introduce a bipartisan bill targeting hidden ticket fees for live events. Dubbed the Transparency in Charges for Key Events Ticketing (TICKET) Act, the measure would require ticketing merchants to disclose upfront full ticket prices, including fees, for concerts, sporting events and other large gatherings. Ticket fees can comprise 21% to as much as 58% of the total cost of tickets, according to a statement from the committee. The bill aims to promote competition "by delivering ticket fee and speculative ticket transparency for the benefit of all consumers," the committee said.

☆ Arizona Democratic Rep. Ruben Gallego recently outraised Independent Sen. Kyrsten Sinema in what could be the most unpredictable Senate race of 2024
▼ + stars: | 2023-04-16 | by ( John L. Dorman | ) www.businessinsider.com time to read: +3 min

Arizona Democrat Ruben Gallego outraised Independent Kyrsten Sinema in the first quarter of 2023. Gallego's campaign reported raising $3.74 million, while Sinema raised $2.1 million, per the FEC. The Grand Canyon State could potentially boast the most competitive Senate race in the US next year. The outcome of a competitive three-way Arizona race could very well determine control of the Senate. And the race would also be held with the concurrent presidential election, which could feature a rematch between President Joe Biden and former President Donald Trump.

☆ Affordable housing is the best way to prevent heat-related deaths, Phoenix's chief heat officer says
▼ + stars: | 2023-04-06 | by ( Catherine Boudreau | ) www.businessinsider.com time to read: +7 min

Phoenix's chief heat officer says more affordable housing will prevent heat-associated deaths. "It can be a little shocking," Hondula, director of the city's office of heat response and mitigation, told Insider. All these factors led Phoenix in 2021 to establish the country's first publicly funded heat office, with Hondula at the helm. Gallego told Insider in a statement that she and other city staff are working daily to address this issue. Hondula, for his part, said the heat office needs to be the biggest advocate for investments in affordable housing and homelessness services inside City Hall.

☆ Sinema privately trashed Senate Democrats to GOP lobbyists, saying they eat too much Jell-O and waste time
▼ + stars: | 2023-03-23 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +3 min

Sen. Kyrsten Sinema privately trashed her Democratic colleagues to GOP lobbyists. Sinema said she stopped attending party lunches because "old dudes are eating Jell-O" and it's a waste of time. Earlier this year, Sinema formally left the Democratic Party. Earlier this year, Sinema formally left the Democratic Party and became an independent, though she still caucuses with Democrats. An unnamed Senate Democrat once told Martin earlier this year that Sinema is "the biggest egomaniac in the Senate."

☆ Ruben Gallego slams Kyrsten Sinema for raking in Silicon Valley Bank contributions ahead of 2018 deregulation vote
▼ + stars: | 2023-03-14 | by ( Warren Rojas | ) www.businessinsider.com time to read: +3 min

Rep. Ruben Gallego says Kyrsten Sinema is responsible for the Silicon Valley Bank implosion. Gallego talked about campaign contributions Sinema got from the failed lender on Tuesday in Tempe. "Sinema is in the pocket of Wall Street," he said, citing her 2018 vote to slash banking rules. Gallego also went after Sinema a day earlier, alleging that, "When bank lobbyists asked me to weaken bank regulations, I said no. When they asked Senator Sinema, she asked how much—and voted yes," DC outlet The Hill reported.

☆ UK regulator tells Heathrow to cut fees in win for airlines
▼ + stars: | 2023-03-08 | by ( Sarah Young | ) www.reuters.com time to read: +3 min

[1/2] A worker sanitises a barrier at the International arrivals area of Terminal 5 in London's Heathrow Airport, Britain, August 2, 2021. The lower fees will boost airlines such as IAG's (ICAG.L) British Airways and Virgin Atlantic, two of Heathrow's biggest, making the airport cheaper for them. They have long complained that fees at Heathrow, the busiest airport in western Europe, are the highest in the world. The strong bounceback in travel since the lows of the pandemic prompted the CAA to reduce the fees Heathrow can charge in the coming years. Improved forecasts for passenger numbers this year and next year mean Heathrow will be able to generate higher revenue, said the CAA, which uses passenger numbers to calculate the charges.

LONDON, Feb 24 (Reuters) - British Airways-owner IAG (ICAG.L) forecast 2023 profit could jump almost 90% after its financial performance improved substantially last year and it agreed a deal to buy all of Spain-based Air Europa. For 2023, the airline group, which also owns Iberia, Vueling and Aer Lingus, forecast operating profit in the range of 1.8 billion euros ($1.91 billion) to 2.3 billion euros, compared to the 1.22 billion euros it made last year. That result came in ahead of analyst expectations and represented an improvement of 4 billion euros from the previous year when COVID-19 travel restrictions made airlines across the world loss-making. IAG agreed on Thursday to pay 400 million euros ($423.84 million) to Spain's Globalia for the remaining 80% of Air Europa it did not already own, a deal aimed at expanding its position in the Latin American market. Looking ahead, chief executive Luis Gallego said IAG was seeing robust forward bookings, although it remained conscious of the global macro-economic uncertainties.

☆ IAG takeoff weighed down by debt dilemma
▼ + stars: | 2023-02-24 | by ( Aimee Donnellan | ) www.reuters.com time to read: +3 min

Its $11 billion net debt pile, a legacy of an epic collapse in revenue during the pandemic, is tangibly more than its $9.4 billion market capitalisation. While Friday’s 2022 results showed operating profit of only 1.22 billion euros, well below the 3.3 billion euros it delivered in 2019, the last few years have seen big operating losses. Operating profit could be as high as 2.3 billion euros in 2023, according to company forecasts. More holidaymakers mean revenue last year was over 23 billion euros, compared to less than 8.5 billon euros in 2021. IAG announced an operating profit of 1.22 billion euros for 2022 and forecast 2023 operating profit in the range of 1.8 billion euros to 2.3 billion euros.

☆ Super Bowl, Durant and Golf: The Week Phoenix Conquered Sports
▼ + stars: | 2023-02-11 | by ( Andrew Beaton | ) www.wsj.com time to read: 1 min

PHOENIX—Mayor Kate Gallego woke up on Thursday to the news that many of her constituents considered the most important development of her tenure: the Phoenix Suns had traded for superstar Kevin Durant. “My most popular tweet of my entire political career was the one welcoming Kevin Durant,” the Phoenix mayor says. Gallego even noted the tweet’s popularity even outpaced an announcement about a $40 billion deal to build iPhone chips in the city. “That did not do as well as Kevin Durant.”

☆ As fans roll in, Arizona hosts embrace super-sized Super Bowl stakes
▼ + stars: | 2023-02-04 | by ( Amy Tennery | ) www.reuters.com time to read: +3 min

Feb 4 (Reuters) - A mega-watt spotlight falls on Arizona on Monday as a week-long celebration of the National Football League's title game will prove the ultimate test for the Super Bowl hosts. "Everything from liquor licenses to bus service is impacted by the Super Bowl, so we've been working since the day we earned the bid to be ready," Phoenix Mayor Kate Gallego told Reuters. "We weren't very well positioned to leverage the benefit of the Super Bowl in 2015," said Glendale City Manager Kevin Phelps. "We're (at) about $4 million of Glendale money to help make the Super Bowl come to reality. "From 2015 and Super Bowl 49, we had a very good blueprint of how we effectively hosted Super Bowl," said Jay Parry, the Arizona Super Bowl host committee president and CEO.

☆ Sen. Kyrsten Sinema pulls in cash from Wall Street, real estate titans as she mulls reelection bid
▼ + stars: | 2023-02-02 | by ( Brian Schwartz | ) www.cnbc.com time to read: +9 min

Real estate and private equity leaders, who have long helped to fill Sinema's campaign coffers, contributed to a healthy cash haul for the senator in the final months of last year. At the lunch, Sinema discussed the incoming Congress and how the tight margins in both chambers could create gridlock, according to attendees. Sinema's campaign had already seen more than $2 million from the securities and investment industry since the 2018 election cycle. The Sinema campaign saw dozens of contributions totaling over $145,000 from people who work at Apollo Global Management, another giant private equity firm, since October. Suzanne Clark, CEO of the massive pro-business lobbying group U.S. Chamber of Commerce, also donated $1,000 to Sinema's campaign on Dec. 31, the new FEC filing shows.

☆ Arizona Democratic Senate candidate Ruben Gallego, who's trying to unseat Sen. Kyrsten Sinema, says 'nobody' in the state 'has really spoken to' her she joined the upper chamber
▼ + stars: | 2023-01-28 | by ( John L. Dorman | ) www.businessinsider.com time to read: +3 min

"She doesn't speak to Arizonans anymore. This is why she is where she is," he said, arguing that she would have been unable to win a Democratic Party primary. Since the announcement, Sinema has so far continued to caucus with Senate Democrats, but her switch still puts the party in a bind. Such a contest would pit Gallego and Sinema against a Republican candidate — creating an unpredictable three-way race. Potential GOP entrants into the 2024 Senate election include Kari Lake, the party's gubernatorial nominee last fall, along with 2022 Senate nominee Blake Masters and 2022 gubernatorial candidate Karrin Taylor Robson.

☆ Mitch McConnell gloats about the 'big dilemma' facing Democrats over Kyrsten Sinema's independent Senate bid in Arizona
▼ + stars: | 2023-01-24 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +3 min

Democrats will soon have to decide whether to back a Democrat or Kyrsten Sinema in Arizona. But he took the opportunity to praise the first-term senator while boasting about the situation facing the Democratic Party as she prepares to run for re-election in 2024. "I think it is a big dilemma for the Senate Democratic majority to decide whether to support her or to support somebody running on the Democratic ticket," he added, visibly smirking. For now, Sinema's vote is crucial for maintaining the party's 51-seat majority in the Senate. Sen. Bernie Sanders of Vermont — another independent who caucuses with Democrats — has previously made noise about potentially backing a primary challenger to Sinema.

☆ Arizona Senate hopeful Ruben Gallego posts record-breaking fundraising haul in bid for Kyrsten Sinema's seat, breaking state record
▼ + stars: | 2023-01-24 | by ( Kevin Breuninger Christina Wilkie | Kevin Breuninger | Christina Wilkie | ) www.cnbc.com time to read: +4 min

Rep. Ruben Gallego's Senate campaign said Tuesday it raised more than $1 million in one day after the Democrat launched his bid for Sen. Kyrsten Sinema's coveted seat in the 2024 election cycle. "There's a lot of really important work left on the table to get done for Arizona," Sinema said in that Friday interview. That Senate math shifted after Democrats outperformed expectations in the November midterms, extending their hold to an outright Senate majority, 51-49. When Sinema left the Democratic Party last month, she called the change "a reflection of who I've always been." "I think it is a big dilemma for the Senate Democratic majority to decide whether to support her or to support somebody running on the Democratic ticket," McConnell said.

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