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☆ Hawaiian Airlines Is Getting Bought. Will You Pay More to Fly to the Islands?
▼ + stars: | 2023-12-05 | by ( Jacob Passy | Alison Sider | ) www.wsj.com time to read: 1 min

You could end up spending more for a trip to Hawaii as a result of the proposed agreement between Alaska Air and Hawaiian Airlines . The owner of Alaska Airlines said this week that it plans to purchase Hawaiian, in a deal that would pair Pacific-region carriers. The airlines said in an investor presentation that they expect to have greater than 50% market share in Hawaii should the deal receive regulatory approval. The companies estimate that the deal will close within 12 to 18 months.

Organizations: Alaska Air, Hawaiian Airlines, Alaska Airlines Locations: Hawaii

☆ CNBC Daily Open: All that glitters is gold — and bitcoin
▼ + stars: | 2023-12-05 | by ( Shreyashi Sanyal | ) www.cnbc.com time to read: +2 min

A sign is seen on a bitcoin ATM at a stand during the Bitcoin Conference 2023, in Miami Beach, Florida, U.S., May 19, 2023. This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. The world's largest cryptocurrency was lifted by hopes of approval for a bitcoin exchange-traded fund and growing bets on U.S. interest rate cuts. Wall Street catches a breathU.S. stocks markets slipped Monday, with investors questioning if markets climbed too fast, too soon following five straight weeks of gains.

Persons: Europe's, Twilio, Rick Rieder Organizations: CNBC, Wall, Dow Jones, Nasdaq, Big Tech, Airlines, DoJ, Alaska Airlines, Hawaiian Airlines, Justice Department, JetBlue Airways, Spirit Airlines, Spotify, BlackRock, Federal Reserve Locations: Miami Beach , Florida, U.S

☆ CNBC Daily Open: The rush for gold — and bitcoin
▼ + stars: | 2023-12-05 | by ( Shreyashi Sanyal | ) www.cnbc.com time to read: +2 min

Bitcoin coins are seen at a stand during the Bitcoin Conference 2023, in Miami Beach, Florida, U.S., May 19, 2023. This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Spot gold prices touched $2,100 an ounce, hitting a record high as investors rushed into the safe-haven asset. Wall Street catches a breathU.S. stocks markets slipped Monday, with investors questioning if markets climbed too fast, too soon following five straight weeks of gains.

Persons: Twilio Organizations: CNBC, Wall, Dow Jones, Nasdaq, Big Tech, Japan's Nikkei, Airlines, DoJ, Alaska Airlines, Hawaiian Airlines, Justice Department, JetBlue Airways, Spirit Airlines, Spotify, Department of Justice, Banque Pictet, Internal Revenue Service Locations: Miami Beach , Florida, U.S, Asia, Pacific, Swiss

☆ Could 'carbon passports' that limit how much we travel be in our future?
▼ + stars: | 2023-12-05 | by ( Joey Hadden | ) www.businessinsider.com time to read: +7 min

A recent report on the future of travel includes the concept of a "carbon passport." One tour company is proposing a solution: a "carbon passport" that would limit how much carbon travelers could emit each year. "Carbon passports have taken that idea one step further" because they would involve tracking and limiting travel carbon emissions, specifically, Hawkins added. In reality, a carbon passport would be challenging to implementHawkins and Matt Berna, the president of Intrepid in the Americas, said they didn't see a carbon passport as a quick fix, though. To track your flight's carbon emissions, Berna suggests booking through Google Flights, which has included emissions levels since 2021.

Persons: Paloma Zapata —, Zapata, Alex Hawkins, Hawkins, Matt Berna, Berna, it's, Anna Abelson, Jonathan M, Thierry Monasse, there's Organizations: Future Laboratory, Intrepid, Environmental Protection Agency, Sustainable Travel International, Business, The, Laboratory, Tisch Center of Hospitality, New York University, Airlines, International Air Transport Association, Wizz, Google, European Environment Locations: Americas, Greece, Italy, Albania

☆ Alaska-Hawaiian merger faces a Justice Department that has been skeptical of airline deals
▼ + stars: | 2023-12-04 | by ( Leslie Josephs | ) www.cnbc.com time to read: +4 min

An Alaska Airlines aircraft flies past the U.S. Capitol before landing at Reagan National Airport in Arlington, Virginia, U.S., January 24, 2022. It could be the latest in a string of challenges brought by President Joe Biden's Justice Department against airline deals it views as anticompetitive. Alaska Air Group 's executives spent months working on its plan to buy rival Hawaiian Airlines . The Alaska-Hawaiian and JetBlue-Spirit deals are different in approach, but the Alaska acquisition could still face hurdles with regulators. "We have very similar product offerings and we have very limited network overlap."

Persons: Joe Biden's, William Kovacic, Shane Tackett, Samuel Engel Organizations: Alaska Airlines, U.S, Capitol, Reagan National Airport, JetBlue, Joe Biden's Justice Department, Alaska Air Group, Hawaiian Airlines, Spirit, Virgin America, Airbus, Boeing, The, George Washington School of Law, Federal Trade Commission, CNBC, Boston University's Questrom School of Business, ICF Locations: Arlington , Virginia, U.S, The Alaska, Hawaii, Southwest, Asia, Delta, United, Alaska, anticompetitive, Pacific

☆ Alaska Airlines agrees to buy Hawaiian Airlines in $1.9 billion deal
▼ + stars: | 2023-12-04 | by ( Phil Lebeau | ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAlaska Airlines agrees to buy Hawaiian Airlines in $1.9 billion dealCNBC's Phil LeBeau joins 'Squawk Box' with the latest news out of the airlines industry.

Persons: Phil LeBeau Organizations: Alaska Airlines, Hawaiian Airlines

SEATTLE (AP) — Alaska Airlines said Sunday it agreed to buy Hawaiian Airlines in a $1.9 billion deal, including debt, putting it on track for a potential clash with a Biden administration that has shown wariness about higher fares in the industry. The deal also includes $900 million in Hawaiian debt, which the airlines said brings the acquisition's total value to $1.9 billion. The combined airline would be based in Seattle, with Alaska Airlines CEO Ben Minicucci at its head. Both Hawaiian and Alaska are leading airlines flying between Hawaii and the U.S. mainland, which could raise concerns about lessened competition. The Alaska and Hawaii companies expect the deal to close in 12 to 18 months.

Persons: Ben Minicucci, they're “, Minicucci, Biden Organizations: SEATTLE, Alaska Airlines, Hawaiian Airlines, Biden, oneworld Alliance, American Airlines, British Airways, Cathay, Cathay Pacific ., Pacific, Inter, Island Airways, ”, Hawaiian Holdings, Sprit Airlines, Justice Department, JetBlue, U.S . Department of Transportation Locations: Alaska, Seattle, Cathay Pacific, Cathay Pacific . Alaska, United States, Americas, Asia, Australia, Honolulu, Hawaii, North America, Hawai'i, aloha, U.S

UNCHARTED WATERS Airlines Race Toward a Future of Powering Their Jets With Corn Carriers want to replace jet fuel with ethanol to fight global warming. Corn 2022 N.D. MINN. WIS. S.D. Corn 2022 N.D. MINN. WIS. S.D. Corn 2022 N.D. MINN. WIS. S.D. Corn 2022 N.D. MINN. WIS. S.D.

Persons: “, ”, Jeffrey Broberg, Biden, Jake Wildman, Wildman, Lauren Riley, Amelia DeLuca, Todd Becker, United’s, Seager, et, Roy Stoltenberg, It’s, “ It’s, Mr, Stoltenberg, John, Stoltenberg douses, Megan Konar, Matt Jennen, midcentury, we’ve, Chad Friese, I’m, John Hansen, Mary, sighed Organizations: Jets, Carriers, Minnesota Well, Organization, United Airlines, Delta, New York Times, Farmers, IOWA NEB, MINN, Water Resources Research, Department of Agriculture, ”, U.S . Department of Agriculture Economic Research Service, Aviation, Delta Air Lines, Ethanol Company, University of Illinois, Ethanol, ” Industry, Nebraska Farmers Union, Sunrise, Reserve Locations: America, Ohio, Washington, Minnesota, Nebraska, MINN, WIS, MICH, IOWA, IOWA NEB . OHIO, . MO, KAN . MO, KAN, In Kansas, Glenwood, Minn, ”, Japan, Germany, U.S, Chippewa, Benson, Omaha, ., KAN ., Cairo, Neb, Iowa, Wisconsin, University of Illinois Urbana, Champaign, Wood, China, Foxhome, Platte, . Nebraska

DALLAS (AP) — Despite inflation and memories of past holiday travel meltdowns, millions of people are expected to hit airports and highways in record numbers over the Thanksgiving break. Sunday will draw the largest crowds with an estimated 2.9 million passengers, which would narrowly eclipse a record set on June 30. Scott Keyes, founder of the travel site Going, is cautiously optimistic that holiday air travel won’t be the same mess. From June through August — when thunderstorms can snarl air traffic — the rate of cancellations fell 18% compared to 2022. The airlines, in turn, have heaped blame on the Federal Aviation Administration, which they say can’t keep up with the growing air traffic.

Persons: Pete Buttigieg, Nature, ”, Patrick De Haan, ” De Haan, haven't, Scott Keyes, ” Keyes Organizations: DALLAS, Transportation Security Administration, AAA, . Transportation, Southwest, U.S . Department of Transportation, Federal Aviation Administration, Transportation, FAA, Airlines Locations: East Coast, snowplows, New York, Miami, Jacksonville , Florida, Delta

☆ A video of American Airlines workers mishandling a wheelchair is spreading outrage on TikTok. Data shows this happens thousands of times a year.
▼ + stars: | 2023-11-20 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +3 min

A video of American Airlines mishandling a wheelchair has been generating outrage on TikTok. In the video, workers send a wheelchair speeding down a long ramp before it flips and crashes onto the tarmac. AdvertisementA video of American Airlines workers mishandling a wheelchair has been generating outrage on TikTok. And data shows baggage handlers actually damage or destroy mobility devices thousands of times a year. The airlines with the most incidents reported in 2022 were Spirit Airlines and JetBlue Airways, both with over 5% mishandled, followed by American Airlines, with more than 2% mishandled, according to the DOT's data.

Persons: —, Dang Organizations: American Airlines, Department of Transportation, Service, American, Airlines, Business, Spirit Airlines, JetBlue Airways, Freedom Motors Locations: Miami

☆ Opinion: Bad behavior test isn’t just about George Santos
▼ + stars: | 2023-11-19 | by ( Michael Ryan | Richard Galant | ) edition.cnn.com time to read: +19 min

What they do results from neurons firing in assorted regions of the brain, the product of an array of causes they can’t control. Every now and then someone bursts out crying — a member of his family has been killed, or his house destroyed. • Join us on Twitter and FacebookThere was no visible sign of progress on the wars in Gaza and Ukraine. Writing before the summit, Frida Ghitis noted, “Biden may want Xi to help bring down the temperature on the world’s ongoing wars and help prevent new ones from igniting. “Today’s miseries of flying derive from this choice to deregulate airlines and unleash them into the Hunger Games of ordinary incentives.

Persons: Robert M, Sapolsky, ”, Sen, Bernie Sanders, Douglas Heye, Tim Burchett, Kevin McCarthy, elbowing, McCarthy, Heye, Burchett, tortuously, Mike Johnson, Johnson, George Santos, “, ” Drew Sheneman, Julian Zelizer, Santos, ” “ Santos, Trump, ” Zelizer, John Avlon, Clay Jones, Nikki Haley’s, Nikki Haley's, Nikki Haley, Haley, she’d, Cupp, Hussein Ibish, ” “, Israel —, Abbas —, Fatma, Khan Younis, there’s, —, Jessica Rosenberg, Joe Biden, ” Biden, Rosenberg, “ Biden, “ Aviva Klompas, speechwriting, Laden, Osama bin Laden, Peter Bergen ,, bin, bin Laden, ’, Walt Handelsman, Joan Steinau Lester, Xi Dana Summers, Biden, Xi Jinping, Frida Ghitis, Xi, ” Peter Bergen, Juvenal, Stephen I, Vladeck, they’ll, Stephen Brobeck, ” Trump’s, Donald Trump, Dean Obeidallah, “ I’m, Barack Obama, Peter Bergen, Megan Fox, Mike Coppola, Megan Fox isn’t, Patricia Grisafi, Tupac Shakur, Billy Corgan, Alicia Keys, Mary Lambert, Florence Welch, Halsey, Lana del Rey, Bob Dylan, Grisafi, Ganesh Sitaraman, Sitaraman, ” Don’t, Fareed Zakaria, Jill Filipovic, Travis Kelce, Taylor Swift Judi Ketteler, Noah Berlatsky, Nicolas, Elizabeth Debicki, Diana, Daniel Escale, Holly Thomas, Princess Diana, irresistibly, ” Thomas, Prince Charles ’, Camilla Parker, Bowles, Mohamed Al, Dodi, Spencer, Diana cavorting Organizations: CNN, Teamsters, House Republican, “ Tennessee Republican, Democrats, George Santos of New, Content Agency Santos, Long Island Republicans, GOP, Guinness, World Records, Democrat, CNN Former UN, New Hampshire, Trump, Fox News, West Bank, Gulf States Institute, Fatah, Palestinian Authority, Palestine Liberation Organization, PLO, “ Aviva, United Nations, Guardian, Agency, Biden, San Francisco Wednesday, China, Twitter, Consumer Federation of America, Democratic, Fox, “, Hunger Games, Liberty ’, Netflix Locations: George Santos of, George Santos of New York, Las Vegas, Atlantic City, New, Israel, Gaza, Washington, Gaza City, Minneapolis, Iran, United States, America, al Qaeda, San, Ukraine, China, Mexico, Kansas City , Missouri, New Hampshire, Nazi Germany, Ohio, Al

☆ Plane tickets are finally cheaper right now. It won't last.
▼ + stars: | 2023-11-18 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +3 min

The price of plane tickets fell 13% from October 2022 to October 2023. But rising labor and fuel costs could lead to higher prices over the next year. AdvertisementFlight prices are much lower than they were a year ago, but the good news for travelers won't last forever. Between October 2021 and October 2022, airline fares increased by over 42% , according to the Bureau of Labor Statistics. AdvertisementUnfortunately for Americans, the clock is likely ticking on lower prices.

Persons: —, Hayley Berg, Hopper, Mike Arnot, Arnot, they're Organizations: Airlines, Service, Bureau of Labor Statistics, Travelers, Times Locations: Israel

☆ October Inflation Report Price Rises Expected to Cool
▼ + stars: | 2023-11-14 | by ( Jeanna Smialek | ) www.nytimes.com time to read: +7 min

Airlines lower their fares when they are trying to get more people to book tickets as demand is slowing or they are facing stiffer competition. Early this month, the average price for a domestic flight around Thanksgiving was down about 9 percent from a year ago. But some airlines say demand is slowing outside of holiday and other peak travel periods. Image Thanksgiving this year is expected to set a record for air travel, with nearly 30 million passengers anticipated. If travel demand is dropping, in some ways that’s an even bigger win for people who are never going to give up on travel.”

Persons: Denise Diorio, “ I’ve, ’ ”, Diorio, Hopper, ”, Kyle Potter, Potter, Stefani Reynolds, John Grant, “ We’re, “, ” Barry Biffle, Steve Hafner, that’s Organizations: Airlines, Airlines for America, Credit, The New York Times, U.S, JetBlue Airways, Spirit Airlines, Frontier Airlines, Miami, Analysts Locations: Tampa , Fla, Chicago, New York, Paris, Europe, Caribbean, Denver, Orlando, Fla, Los Angeles, East, Ukraine

☆ An airline in China accidentally sold tickets for as little as $1.40 — and it's honoring the deal
▼ + stars: | 2023-11-10 | by ( Huileng Tan | ) www.businessinsider.com time to read: +2 min

China Southern Airlines sold tickets for as little as $1.40 due to an hours-long system glitch on Wednesday. Fares for a China Southern flight ticket from Chengdu to Beijing start around $55. AdvertisementAdvertisementA Chinese carrier said it is honoring air tickets priced as low as 10 Chinese yuan, or around $1.40, that were sold due to a system glitch. AdvertisementAdvertisementIt's unclear how many bargain-bin tickets China Southern sold and which flight routes were affected by the system glitch. AdvertisementAdvertisementIn April, some travelers managed to snag $10,000 roundtrip tickets on Japanese airline All Nippon Airways for just $300.

Persons: — Organizations: China Southern Airlines, China Southern, Service, . China Southern Airlines, Weibo, All Nippon Airways, ANA Locations: China, Chengdu, Beijing, Southwestern, Guangzhou

An example of a LinkedIn's "Career Break" feature, which fills in the gaps between jobs. To date, just over 1 million LinkedIn members have added the "career break" feature to their profiles, according to the company. People also took career breaks to travel (13%), to raise children (12%), and care for others (10%), the data showed. Longer breaksTavy Cussinel took a career break from public relations for seven years, while she had three kids. Tavy CussinelMonster career specialist Vicki Salemi said employers are now more flexible about career gaps than they were in the past.

Persons: Bobbie Bain, hadn't, Bain, Jennifer Shappley, Nick Gausling, Jenn Lim, that's, Pooja Chhabria, Thomas Baiter, I'd, who's, Baiter, Cussinel, I'm, Vicki Salemi, Nicole Price, Price Organizations: American Airlines, LinkedIn, CNBC, Talent, Insight, Microsoft, Company Locations: Southeast Asia, Asia, United Kingdom, Singapore

☆ 3 passengers sued Alaska Airlines for emotional distress over off-duty pilot accused of trying to turn off the engines mid-flight
▼ + stars: | 2023-11-03 | by ( Associated Press | ) www.businessinsider.com time to read: +4 min

Three passengers on the flight where an off-duty pilot is accused of trying to turn off the engines sued Alaska Airlines. They said they'd suffered emotional distress and that the pilot should never have been allowed in the cockpit. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAdvertisementSEATTLE (AP) — Three passengers sued Alaska Airlines, saying they suffered emotional distress from an incident last month in which an off-duty pilot is accused of trying to shut down the engines of a plane while riding in the cockpit from Washington state to San Francisco. "The pilots and flight attendants operating Flight 2059 responded without hesitation to ensure the safety of all onboard," it added.

Persons: they'd, —, Matthew Doland, Theresa Stelter, Paul Stephen of, Joseph David Emerson, Emerson, Aubrey Gavello, Daniel Laurence Organizations: Alaska Airlines, Service, King County Superior Court, Horizon, ABC, Airlines Locations: SEATTLE, Washington, San Francisco, King County, Paul Stephen of Kenmore , Washington, Alaska, Portland , Oregon, Oregon

☆ Passengers Sue Alaska Airlines
▼ + stars: | 2023-11-03 | by ( Gregory Wallace | ) edition.cnn.com time to read: +3 min

CNN —Passengers on the Alaska Airlines flight where an off-duty pilot attempted to cut off the engines felt the plane dramatically pitch forward, as if it were in a nosedive, according to a newly-filed lawsuit. The lawsuit, filed by three passengers against Alaska Airlines and Horizon Airlines, the operator of flight 2059, claims the airlines did not properly evaluate off-duty pilot Joseph Emerson before he was seated in an extra cockpit seat – the jump seat – on the October 22 flight. “The pilots and flight attendants operating Flight 2059 responded without hesitation to ensure the safety of all onboard,” Alaska Airlines said in a statement. The lawsuit says the passengers’ damages include emotional distress and asks the court to consider the matter a class-action lawsuit. It does not list a dollar amount for the alleged damages but does ask the court to order Alaska Airlines and Horizon to better screen crew members prior to flights.

Persons: Joseph Emerson, “, Emerson, ” Emerson, Noah Horst, CNN Emerson “ Organizations: CNN, Passengers, Alaska Airlines, Horizon Airlines, ” Alaska Airlines, US, Office, District of Locations: Multnomah, Portland , Oregon, District of Oregon, Oregon, Alaska

SEATTLE (AP) — Three passengers sued Alaska Airlines on Thursday, saying they suffered emotional distress from an incident last month in which an off-duty pilot is accused of trying to shut down the engines of a plane while catching a ride in the cockpit from Washington state to San Francisco. Alaska Airlines said in an emailed statement that it is reviewing the complaint. “The pilots and flight attendants operating Flight 2059 responded without hesitation to ensure the safety of all onboard,” it added. “Emerson’s statements while in the air and shortly after his arrest show that had the airlines here done so, he would never have been allowed aboard. Emerson has pleaded not guilty to attempted murder charges in Oregon state court and faces arraignment later this month on a federal charge of interfering with a flight crew.

Persons: Matthew Doland, Theresa Stelter, Paul Stephen of, Joseph David Emerson, “, Emerson, Aubrey Gavello, ” Daniel Laurence Organizations: SEATTLE, Alaska Airlines, King County Superior Court, Horizon, ABC News, “ Locations: Washington, San Francisco, King County, Paul Stephen of Kenmore , Washington, Alaska, Portland , Oregon, Oregon

The Biden administration’s fight against consolidation in the airline industry will be tested Tuesday with lawyers for JetBlue Airways and the Justice Department squaring off in court. The administration is suing to block JetBlue’s proposed $3.8 billion acquisition of Spirit Airlines. The Justice Department is fresh off victory in a previous lawsuit that killed a partnership between JetBlue and American Airlines. If it swallows Spirit, JetBlue will leapfrog Alaska Airlines but still control less than 10% of the U.S. air-travel market. The Justice Department argues, however, that Spirit is the disruptive force that needs to be protected.

Persons: Biden, Obama Organizations: JetBlue Airways, Department, Spirit Airlines, JetBlue, Justice Department, American Airlines, U.S, Alaska Airlines, New, Big, Spirit, The, US Airways, JetBlue Airways Corp Locations: Boston, U.S, United, Delta, New York, Miramar , Florida, New York City, Fort Lauderdale , Florida, Continental

The uneven nature of economic activity in turn makes it a challenge to assess the likely toll on emissions in the world's largest polluter. RIPPLE EFFECTIn addition to retail sales and factory output data, statistics on China's air travel volumes also offer a gauge on broader economic activity and emissions potential. In turn, greater emissions from both the airlines themselves as well as from China's world-leading refining sector can also be expected. China’s exports of an array of goods – from toys to diesel – are risingThe pace of some of those exports may slow over the near term if China's domestic demand improves and helps tighten producer inventories. But if greater output in China helps to depress goods prices, then international consumer demand can be expected to recover, which may further boost China's economic recovery, as well as the emissions that go with it.

Persons: Thomas Peter, Gavin Maguire, Kim Coghill Organizations: REUTERS, National Energy Administration, Reuters, Thomson Locations: Wu'an, Hebei province, China, LITTLETON , Colorado, Beijing

[1/2] A miniature airplane is placed on the displayed Air India Express and Akasa Air logos, in this illustration taken October 30, 2023. Akasa did not comment on its communication with Air India, but said the issue of pilot exits was "now behind us ... we are squarely back in growth mode". Air India declined to comment and the two chief executives did not respond to requests for comment. The dispute comes at the time of a hiring spree by Air India, with its arm, Air India Express, seeking to more than triple its fleet to 170 over five years. In recent weeks, Akasa has lost about a tenth of its 450 pilots, who left without serving out notice periods, some to join Air India Express.

Persons: Dado Ruvic, Campbell Wilson, Vinay Dube, missive Dube, Akasa, Wilson, Dube, India's Wilson, Aditya Kalra, Aditi Shah, Clarence Fernandez Organizations: Air India Express, REUTERS, Tata's, India Express, Air, Akasa, Reuters, Air India, Tata Group, Tata, of Indian Pilots, Thomson Locations: India, DELHI, Air India

[1/2] Airplane model is placed on displayed Spirit Airlines and jetBlue Airways logos in this illustration taken, June 21, 2022. REUTERS/Dado Ruvic/Illustrations/File Photo Acquire Licensing RightsBOSTON, Oct 31 (Reuters) - The U.S. Department of Justice heads to trial on Tuesday to urge a federal judge to block JetBlue Airways' (JBLU.O) planned $3.8 billion acquisition of ultra-low-cost carrier Spirit Airlines. The trial will take place without a jury over about three weeks before U.S. District Judge William Young. A merger between JetBlue and Spirit, the sixth and seventh largest U.S. carriers, respectively, would mark the first major U.S. airline combination since Alaska Airlines bought Virgin America in 2016. The Justice Department alleges the merger would eliminate the pressure larger airlines, including JetBlue, face to lower their fares in response to competition from Spirit and cost consumers over $2 billion in higher fares annually.

Persons: Dado Ruvic, Joe Biden's, William Young, Young, Biden, Leo Sorokin, Nate Raymond, Alexia Garamfalvi, Nick Zieminski Organizations: Airlines, jetBlue Airways, REUTERS, Rights, U.S . Department of Justice, JetBlue Airways, Spirit Airlines, U.S, JetBlue, Spirit, Alaska Airlines, Virgin America, United Airlines, American Airlines, Delta Air Lines, Justice Department, Department, Democratic, District of Columbia, The, Big, American, Thomson Locations: Boston, U.S, New York City, Newark, Fort Lauderdale

☆ The new breed of long-haul, low-cost airlines: What you need to know
▼ + stars: | 2023-10-30 | by ( John Walton | ) edition.cnn.com time to read: +8 min

CNN —You’ve seen them on TikTok and on Instagram: people flying on the new generation of long-haul, low-cost airlines where the fares sound too good to be true. By and large, long-haul, low-cost airlines focus on four specific markets: transatlantic, transpacific, southeast Asia and Australia. With a home base at Narita international airport, Zipair Tokyo is Japan Airlines' low-cost arm. Yoshio Tsunoda/AFLO/ShutterstockHome base: Tokyo (Narita, the airport an hour away from the city)Notable routes: Honolulu, LA, SF, San Jose (CA)Flies: Boeing 787sWhat you need to know: This is Japan Airlines’ low-cost arm. Scoot is Singapore Airlines' low-cost arm.

Persons: CNN — You’ve, ” you’ll, Markus Mainka, Pawel Gradek, Yoshio Tsunoda, Edgar Su, “ Organizations: CNN, Boeing, Airbus, That’s, AirAsia X, Buenos Aires, British Airways, Aer Lingus, Atlantic, Atlantic Airways, Air Premia, Premia, Narita, Japan Airlines, Japan Airlines ’, Singapore Airlines, Reuters, Singapore Airlines ’, Qantas, Getty, Jetstar, London, AirAsia Locations: New York, Paris, Asia, Australia, Paris Orly, Orly, LA, Miami, NY, France, Barcelona, Boston, Buenos, Santiago de Chile, IAG, Iberia, Aer, Oslo, London, Gatwick, Berlin, Rome, Chicago, Orlando, Seoul, Incheon, Honolulu , LA, Newark, Frankfurt, Tokyo, Japan, Narita, Jose, Scoot, Singapore, Athens, New Zealand, Southeast Asia, AFP, Honolulu, Kuala Lumpur

☆ Air France-KLM announces a 1.3 billion euros financing agreement with Apollo
▼ + stars: | 2023-10-26 | by ( ) www.reuters.com time to read: +1 min

A logo is seen on the facade of Air France-KLM building during the presentation of the group's annual results in Paris, France, February 17, 2023. REUTERS/Benoit Tessier/File Photo Acquire Licensing RightsOct 26 (Reuters) - Air France-KLM (AIRF.PA) announced on Thursday a new financing agreement between one of its affiliate and funds and entities managed by Apollo Global Management (APO.N) in a bid to strengthen its balance sheet. The 1.3 billion euros ($1.37 billion) financing will be accounted as quasi-equity under IFRS accounting standards, the airplane carrier said in a statement. Apollo has an option to increase the nominal amount to up to 1.5 billion euros, Air France-KLM said. For Air France-KLM, this is the second cash injection from Apollo after a $560 million agreement in July.

Persons: Benoit Tessier, Victor Goury, David Gregorio Our Organizations: Air France, KLM, REUTERS, Apollo Global Management, Group, Thomson Locations: Air, Paris, France

☆ A new bill in Congress could wipe out the credit card rewards programs Americans rely on for their vacations, Southwest says
▼ + stars: | 2023-10-26 | by ( Matthew Loh | ) www.businessinsider.com time to read: +4 min

Southwest Airlines said a new bill in Congress could "completely end" loyalty rewards programs. It's taking aim at the Credit Card Competition Act, which seeks to lower credit card fees. "Our customers and employees use the Southwest Rapid Rewards Credit Card to earn points that can be redeemed for Southwest flights, car rentals, gift cards, and more." "This legislation is bad policy and would undermine, if not completely end, credit card rewards programs that millions of Americans rely on for their vacations or personal travel needs," Southwest added. The Credit Card Competition Act was originally introduced to the previous Congress in 2022, but never came to a vote.

Persons: Sen, Dick Durbin of, Durbin, Scott Kirby, Lance Gooden Organizations: Southwest Airlines, Credit, Airlines, Dick Durbin of Illinois, Visa, Mastercard, Rapid, Southwest, United Airlines, Democratic, Republican, GOP, Texas Locations: Airlines

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