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☆ Delta is the No. 1 domestic airline for on-time arrivals, service, comfort and more
▼ + stars: | 2023-09-04 | by ( Celia Fernandez | ) www.cnbc.com time to read: 1 min

Bounce , a luggage storage company, compared U.S. airlines to determine which is the best domestic airline. The factors Bounce considered for their ranking include:Index score: 6.05Delta Air Lines ranked as the highest-rated domestic airline in the U.S. According to Bounce's 2023 Airline Index, Delta recorded the highest percentage of on-time arrivals at 81.82% and one of the lowest cancellation rates at 1.96%. The airline also recorded the highest scores for its in-flight experience and earned a 3 out of 5 for its in-flight entertainment, meals, seat comfort, and staff service. Delta Air Lines is headquartered in Atlanta, Georgia and operates over 4,000 daily flights to more than 280 destinations on six continents.

Organizations: Delta Air Lines, Delta Locations: U.S, Atlanta , Georgia

The S&P 500 slumped on Tuesday to kick off the first trading day of a holiday-shortened week, weighed by a jump in crude oil prices. The S&P 500 dipped 0.15%, while the Nasdaq Composite hovered near the flatline. Oil prices rose after Saudi Arabia extended its 1-million-barrels per day voluntary oil production cuts. "If you have oil prices moving up that could be inflationary," said Keith Lerner, co-chief investment officer at Truist. Meanwhile, the Dow and the Nasdaq are coming off their best weekly performances since July, while the S&P 500 registered its best week since June.

Persons: Keith Lerner, Goldman Sachs, Adam Turnquist, Sarah Min Organizations: New York Stock Exchange, Dow Jones Industrial, Nasdaq, West Texas, Halliburton, Occidental Petroleum, EOG Resources, American Airlines, United Airlines, Delta Air Lines, Treasury, Dow, LPL Locations: New York City, Saudi Arabia

☆ Your Delta flight credit might be worth cash—here’s how to claim it
▼ + stars: | 2023-09-02 | by ( Mike Winters | ) www.cnbc.com time to read: +1 min

If you've received a travel credit for a canceled Delta Air Lines flight, you might be able to claim it as a cash refund, with interest. As part of a class action settlement, Delta customers with canceled flights between March 1, 2020, and April 30, 2021, are entitled to a full cash refund, rather than the travel credits they likely received. The lawsuit alleges that the airline breached its contracts of carriage by refusing cash refunds for flights canceled during the Covid-19 pandemic. While Delta denies wrongdoing, the company agreed to settle the lawsuit to avoid further litigation. "Since the beginning of 2020 we've refunded over 11 million tickets totaling $6 billion, of which 20% took place in 2022," the statement says.

Persons: you've, we've Organizations: Delta Air Lines, Delta, CNBC Locations: Delta

☆ How to use the Delta Reserve card to earn Delta elite status quickly
▼ + stars: | 2023-09-01 | by ( Holly Johnson | ) edition.cnn.com time to read: +9 min

As a longtime Delta Air Lines enthusiast, I have had both the Delta SkyMiles® Platinum American Express Card and the Delta SkyMiles® Reserve American Express Card over the past few years. The Delta Reserve makes it possible for me to earn elite statusSpending $25,000 on the Delta Platinum or Delta Reserve cards waives the MQD requirement for elite status. Other reasons to love the Delta Reserve cardThe Delta Reserve card is loaded with perks, including Delta Sky Club access and upgrade priority. Status boostThe Delta Reserve and the Delta Platinum both come with a perk called Status Boost that gets you closer to Delta Medallion status without flying a single mile. Just make sure your Delta SkyMiles number is linked to your Delta credit card — this is often done when you apply for a Delta card.

Persons: Julian Kheel, You’ll, Andrew Kunesh Organizations: CNN, American Express, longtime Delta Air Lines, Delta, Delta SkyMiles ®, American Express Card, Delta Reserve, Air France, KLM, Virgin Atlantic, Delta Sky Club, MQM, American, Delta Sky, Delta Air Lines Locations: Cancun, Mexico, Europe, Delta, United Kingdom, New York, JFK, Paris, Comfort

☆ Delta says its entire in-service fleet now 5G compliant
▼ + stars: | 2023-08-31 | by ( ) www.reuters.com time to read: +1 min

Delta airplanes are seen at the Tampa International Airport as airports around the country are awaiting for Verizon and AT&T to rollout their 5G technology, in Tampa, Florida, U.S., January 19, 2022. REUTERS/Octavio Jones Acquire Licensing RightsWASHINGTON, Aug 31 (Reuters) - Delta Air Lines (DAL.N) said on Thursday that its fleet of in-service airplanes have had radio altimeters updated to address potential 5G C-Band interference. Transportation Secretary Pete Buttigieg warned in June that airlines could face operational constraints in bad weather if they had not updated airplanes ahead of a July 1 deadline. Delta had approximately 190 aircraft yet to be outfitted before the July 1 deadline, including all of its Airbus (AIR.PA) A220 fleet. Delta said all planes in service have now been updated while a few aircraft are out of service for planned maintenance and will be equipped with 5G-compliant radio altimeters as they return to service.

Persons: Octavio Jones, Pete Buttigieg, Delta, David Shepardson, Leslie Adler Organizations: Tampa International Airport, Verizon, AT, REUTERS, Rights, Delta Air Lines, Transportation, Delta, Airbus, Thomson Locations: Tampa, Tampa , Florida, U.S

☆ US airlines cancel over 850 flights as Hurricane Idalia makes Florida landfall
▼ + stars: | 2023-08-30 | by ( ) www.reuters.com time to read: +1 min

A resident drives past a fallen tree due to the high winds from Hurricane Idalia in Clearwater, Florida, U.S., August 30, 2023. REUTERS/Adrees Latif/File Photo Acquire Licensing RightsAug 30 (Reuters) - Airlines in the United States canceled more than 850 flights on Wednesday as Hurricane Idalia made landfall in Florida's Big Bend region as an "extremely dangerous" Category 3 storm. Southwest Airlines (LUV.N) canceled more than 200 flights, while Delta Air Lines (DAL.N) and American Airlines (AAL.O) canceled 148 and 98 flights, respectively, as of 8:17 a.m. Airports at Tampa, Clearwater and Tallahassee shut down operations and were monitoring the status of the storm. Reporting by Shivansh Tiwary and Nathan Gomes in Bengaluru; Editing by Shounak DasguptaOur Standards: The Thomson Reuters Trust Principles.

Persons: Adrees Latif, Idalia, Shivansh Tiwary, Nathan Gomes, Shounak Dasgupta Organizations: REUTERS, Airlines, United States, Southwest Airlines, Delta Air Lines, American Airlines, Airports, Tampa Airport, Jacksonville International Airport, Thomson Locations: Hurricane, Clearwater , Florida, U.S, United, Florida's Big Bend, Tampa , Clearwater, Tallahassee, Idalia, Cuba, Bengaluru

☆ US airlines cancel over 1,000 flights as Hurricane Idalia makes Florida landfall
▼ + stars: | 2023-08-30 | by ( ) www.reuters.com time to read: +2 min

A resident drives past a fallen tree due to the high winds from Hurricane Idalia in Clearwater, Florida, U.S., August 30, 2023. REUTERS/Adrees Latif/File Photo Acquire Licensing RightsAug 30 (Reuters) - Airlines in the United States canceled more than 1,000 flights on Wednesday as Hurricane Idalia slammed into the Big Bend region of Florida, but the storm's power ebbed as it headed toward Georgia. Southwest Airlines (LUV.N) canceled more than 220 flights, while Delta Air Lines (DAL.N) canceled 157 flights, as of 12 p.m. Airports at Tampa, Clearwater and Tallahassee shut down operations and were monitoring the status of the storm. American Airlines (AAL.O) said it had suspended operations at multiple airports in Florida including Tampa, Sarasota and Tallahassee, and canceled 167 flights as of Wednesday morning.

Persons: Adrees Latif, Idalia, Shivansh Tiwary, Nathan Gomes, Shounak Dasgupta Organizations: REUTERS, Airlines, United States, Southwest Airlines, Delta Air Lines, Airports, Tampa Airport, Jacksonville International Airport, American Airlines, Thomson Locations: Hurricane, Clearwater , Florida, U.S, United, Bend, Florida, Georgia, Tampa , Clearwater, Tallahassee, Gulf Coast, Cuba, Tampa , Sarasota, Bengaluru

☆ Karen Firestone: What investors should know about megacap stocks’ market influence
▼ + stars: | 2023-08-30 | by ( Karen Firestone | ) www.cnbc.com time to read: +5 min

These four are responsible for 46% of the 17% gain in the S & P 500 year to date. In 2003, the largest stocks – General Electric , Microsoft, Pfizer and Exxon Mobil – represented merely 4.4% of the total index market value. By 2013, the share commanded by giants Apple, Exxon, Microsoft and GE rose to 8.9% of the S & P 500. That's still below their 21% market value share, but it helps explain what investors are paying for: exceptional free cash flow and sustainable margins. The S & P 500 will struggle without participation from its biggest components.

Persons: That's, Price, Karen Firestone Organizations: Apple, Microsoft, Nvidia, Meta, Delta Air Lines, Micron Technology, Electric, Pfizer, Exxon Mobil, Exxon, GE, U.S, Union, Asset Management

☆ American Airlines flight attendants vote to authorize strike - union
▼ + stars: | 2023-08-30 | by ( ) www.reuters.com time to read: +1 min

An American Airlines Airbus A321 plane takes off from Los Angeles International airport (LAX) in Los Angeles, California, U.S. March 28, 2018. REUTERS/Mike Blake Acquire Licensing RightsAug 30 (Reuters) - American Airlines' (AAL.O) flight attendants voted to authorize a strike if the company refuses to agree to "reasonable" contract terms, the Association of Professional Flight Attendants (APFA) said on Wednesday. An overwhelming 99.47% of the flight attendants represented by the labor union voted to authorize a strike, according to APFA that covers more than 26,000 flight attendants at the carrier. "Flight attendants are fired up and ready for a contract. They (the company) ignore this strike vote at their peril," Julie Hedrick, national president of APFA, said in a statement.

Persons: Mike Blake, Julie Hedrick, APFA, Priyamvada, Maju Samuel Organizations: American Airlines Airbus, Los Angeles International, REUTERS, American Airlines, Association of Professional, United Airlines, Delta Air Lines, Thomson Locations: Los Angeles , California, U.S, Bengaluru

☆ The ex-Navy SEAL who says he killed Osama bin Laden was arrested on charges of assault
▼ + stars: | 2023-08-28 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +3 min

O'Neill previously had a run-in with the law for a DUI charge that was later dropped. O'Neill gained public notoriety in 2014 after he claimed to have fired the shot that killed bin Laden, the notorious Al Qaeda leader. AdvertisementAdvertisementOne source disputed O'Neill's story to Reuters and said another team member entered the room bin Laden was in before O'Neill. During the height of the COVID-19 pandemic in 2020, O'Neill claimed he was banned from Delta Air Lines because he refused to wear a mask during a flight. AdvertisementAdvertisementIn 2016, Montana prosecutors dropped a DUI charge against O'Neill.

Persons: Robert O, Neill, Al, O'Neill, Osama, Laden, Robert O'Neill, bin Laden, stuff's Organizations: Service, Navy, Dallas Morning News, Frisco Police Department, Delta Air Lines, US Navy, Navy Digital Ambassador, The Montana Locations: Al Qaeda, Wall, Silicon, Frisco , Texas, Collin, Montana

☆ Airline loses passenger’s dog at world’s busiest airport
▼ + stars: | 2023-08-27 | by ( Julia Buckley | ) edition.cnn.com time to read: +7 min

Paula Rodriguez is currently living that nightmare, after her dog, Maia, was lost by airport staff who were bringing her to her Delta flight at Atlanta airport – the busiest in the world. Rodriguez was flying from her home in the Dominican Republic for a two-week vacation in California with her six-year-old dog, Maia, on August 18. “They called a Delta agent, who took Maia from me,” Rodriguez told CNN. When we’d got there [to Atlanta] she’d puked with distress and had diarrhea. “I called Delta, Atlanta airport, even San Francisco.

Persons: CNN —, Paula Rodriguez, Maia, Rodriguez, “ didn’t, “, ” Rodriguez, she’d, we’d, ”, Paula Rodriguez Rodriguez’s, –, ‘ Let’s, ’ ”, Maia wasn’t, panicking, ‘ I’m, ’, Maia didn’t, Maia Hartsfield, Jeff Greenberg, Santo Domingo, “ I’ve, Rodriguez isn’t, Rodriguez’s, “ They’re, Jackson, they’d, we’re, Atlanta . Gale Organizations: CNN, Flying Delta Air Lines, Hartsfield, Jackson Atlanta International Airport, Atlanta, Passengers, Punta Cana, Jackson Atlanta International, Universal, Getty, Santo, Delta, “, ” Hartsfield, City of Atlanta Department of Aviation, Atlanta ., American Staffordshire, Pilots Locations: Atlanta, Dominican Republic, California, San Francisco, Punta Cana, Santo Domingo, Punta, Francisco, United States, American

Members of the United Auto Workers union hold a rally and practice picket near a Stellantis plant in Detroit, Aug. 23, 2023. Gallup reports 71% of Americans approved of labor unions in 2022 — the highest since 1965. United Airlines struck a preliminary agreement with its pilots union last month for up to 40% raises over four years. Casey Murray, president of the Southwest Airlines Pilots Association, said frequent reassignments can wear pilots down, just as they would passengers. "They need that predictability," he said, adding that the company has made some progress in talks with the pilots' union in recent weeks.

Persons: Michael Wayland, Robert Bruno, Mario Tama, Daniel, Chris, Wells, Shawn Fain, CNBC It's, Melissa Atkins, hadn't, Johnnie Kallas, Cornell's, Casey Murray, UIUC's Bruno, it's Organizations: United Auto Workers, CNBC, UPS, Workers, Boeing, Spirit, Guild of America, Labor, University of Illinois, Striking, Paramount Studios, Getty, Cornell University School of Industrial and Labor Relations, Screen, – American Federation of Television, Radio Artists, Writers Guild of America, U.S . Bureau of Labor Statistics, Gallup, General Motors, Ford Motor, UAW, Deere, CNH, Detroit, Teamsters Union, Delta Air Lines, American Airlines, United Airlines, Netflix, Warner Bros ., WGA, SAG, Hollywood, Southwest Airlines, Southwest Airlines Pilots Association, U.S, Teamsters Locations: Detroit, Amazon, University of Illinois Urbana, Champaign, Los Angeles, Hollywood

☆ Dangerously close near-miss incidents across the US are a wakeup call to the aviation industry
▼ + stars: | 2023-08-23 | by ( Taylor Rains | ) www.businessinsider.com time to read: +8 min

The New York Times cited a shortage of air traffic controllers as a significant factor in the string of close calls. During breakout sessions at the safety summit, officials offered theories like inexperienced first officers and overworked air traffic controllers as contributing to the near-disasters. The Times pointed to the challenges surrounding air traffic controllers, in particular, as a root cause. "Air traffic controllers and pilots all play critical roles." While technology is important, Brickhouse says humans are still essential to aviation safety.

Persons: John F, Billy Nolen, Anna Moneymaker, Tim Arel, Anthony Brickhouse, Kathleen Bangs, Tami Chappell, Austin isn't, Brickhouse Organizations: Federal Aviation Administration, New York Times, Morning, Delta Air Lines Boeing, Kennedy International Airport, American Airlines Boeing, Delta, FedEx Boeing, Southwest Boeing, JetBlue Airways, Times, Frontier Airlines, Southwest Airlines, Boeing, FAA, Air Traffic Organization, Embry Riddle Aeronautical University, Delta Air Lines, Hartsfield Jackson, International Airport, REUTERS, Southwest, FedEx, New, JFK, Aviation Locations: Austin , Texas, Denver, Tenerife, Spain, Atlanta , Georgia, U.S, Austin, New York

☆ UPS workers approve massive new labor deal with big raises
▼ + stars: | 2023-08-22 | by ( Leslie Josephs | ) www.cnbc.com time to read: +3 min

UPS workers ratified a massive five-year labor deal that includes big wage increases and other improvements to work rules and schedules, the International Brotherhood of Teamsters said Tuesday. The deal passed with 86.3% of votes, the highest contract vote in the history of Teamsters at UPS, according to the union. The parties had until July 31, when the previous labor contract was set to expire, to reach a deal and avoid a work stoppage. Current workers will get $2.75 more an hour this year and $7.50 an hour more over the five-year contract. FedEx pilots turned down a tentative agreement for a new labor contract earlier this summer.

Persons: Sean O'Brien, Carol Tomé Organizations: International Brotherhood of Teamsters, Teamsters, UPS, Amazon, U.S . Chamber of Commerce, Workers, American Airlines, United Airlines, Delta Air Lines, Southwest Airlines, FedEx Locations: U.S

Mistakes by air traffic controllers — stretched thin by a nationwide staffing shortage — have been one major factor. So do the air traffic controllers who scour the skies and manage takeoffs and landings. The number of fully trained air traffic controllers nationwide has fallen 10 percent in the past decade. data and the agency’s most recent “Air Traffic Controller Workforce Plan.”Nearly all U.S. air traffic control facilities are understaffed Circles represent 313 air traffic facilities in the United States, including airport towers and larger regional centers. Desiree Rios for The New York TimesPilots, air traffic controllers and federal investigators have warned repeatedly that America’s air safety system is fraying.

Persons: Louis Armstrong, —, ”, Biden, Matthew Lehner, Mr, Lehner, Ilana Panich, Kennedy, Jan, “, ” Jennifer Homendy, Joe Raedle, Reagan, Desiree Rios, ’, ‘ Organizations: Southwest Airlines, Louis Armstrong New, International Airport, Delta Air, New, Airport, American Airlines, Frontier Airlines, Frontier, Federal Aviation Administration, The New York Times, United Airlines, American, Airbus, louisiana Magnolia, Times, Phoenix, NASA, Aviation, Pilots, Technology, U.S, Airlines, United, “, Bergstrom International Airport, Kennedy International, Delta, FedEx, JetBlue Airways, JetBlue, National Transportation Safety, Spirit Airlines, Fort Lauderdale, Las Vegas, San, Casper, Federal Aviation, The Times, FAA, National Transportation Safety Board, Department of, Gulfstream, Miami, The New York Times Pilots, Flying Magazine, Sky Harbor, Boeing Locations: Airport Mississippi, New Orleans, San Francisco, American, Dallas, louisiana, louisiana Magnolia Minden arkansas, Minden louisiana, United States, U.S, San Diego, Phoenix, Swiss, Continental, Buffalo, United, Delta, Southwest, —, Austin, Texas, New York, Austin , Texas, Sarasota , Fla, Burbank, Calif, Boston, New York City, Fort, Salt Lake, Ontario, Denver, Las, Portland ,, Baltimore, Miami, Peoria, Ill, Fort Worth, Jacksonville, Fla, Philadelphia, Fort Lauderdale, Lexington, Ky, Tampa

☆ American Airlines pilots approve sweetened labor deal with big raises
▼ + stars: | 2023-08-21 | by ( Leslie Josephs | ) www.cnbc.com time to read: +1 min

An American Airlines plane takes off from the Miami International Airport on May 02, 2023 in Miami, Florida. American Airlines pilots approved a sweetened labor deal, making the carrier the second major U.S. airline to seal a new contract with its highest-paid work group. An earlier deal between American and the union fell apart after rival United Airlines and that carrier's union reached a richer, preliminary deal. American's pilots voted more than 72% in favor of the new contract, and there was a 95% turnout, according to the Allied Pilots Association. Delta Air Lines pilots ratified a new agreement earlier this year.

Persons: American's, Robert Isom Organizations: American Airlines, Miami International Airport, Miami , Florida . American Airlines, American, United Airlines, Allied Pilots Association, Delta Air Lines Locations: Miami , Florida, U.S

☆ American Airlines Pilots Ratify Contract Offering Big Raises
▼ + stars: | 2023-08-21 | by ( Niraj Chokshi | More About Niraj Chokshi | ) www.nytimes.com time to read: +1 min

Pilots at American Airlines approved a contract on Monday that will increase pilot compensation by more than 46 percent and includes other benefits and changes. Under the contract, the pay of pilots at the company immediately increased by an average of 21 percent upon ratification. By August 2027, total compensation will have increased by more than 46 percent, including pay raises and increased retirement contributions by the airline. Across the industry, pilots have negotiated big raises and other gains, including greater protection against last-minute schedule changes. At the top end of the profession, pilots who fly long international flights typically earn several hundred thousand dollars a year.

Persons: ”, Ed Sicher Organizations: American Airlines, Delta Air Lines, United Airlines, Allied Pilots Association

☆ Tourists’ drinking misadventures up Eiffel Tower and in Trevi fountain
▼ + stars: | 2023-08-19 | by ( Maureen O'Hare | ) edition.cnn.com time to read: +5 min

Editor’s Note: Sign up for Unlocking the World, CNN Travel’s weekly newsletter. CNN —In travel news this week, misbehaving tourists in Europe, the German couple who moved to Italy to open a restaurant and city vacation ideas from Seoul to Bratislava. In Paris, drunken Americans were trapped overnight up the Eiffel Tower. In a separate incident, a man was arrested after jumping off Gustave Eiffel’s crowning achievement with a parachute. They could have done with the help of our partners at CNN Underscored, a product reviews and recommendations guide owned by CNN.

Persons: Gustave Eiffel’s, isn’t, Frenchman, Sri Lankan Tharshan Selvarajah, it’s, Nicolas Chazee, Mathilde Vougny, they’ve Organizations: CNN, Bratislava . Law, Delta Air Lines, Fruit, Sri Lankan Tharshan, Paris ’, Prague, Rover, YouTube Locations: Europe, Italy, Seoul, Bratislava, Paris, Rome, Hayling, Germany, Munich, Sri Lankan, Here’s, Hiroshima, Slovakia, Vienna, United States, Norway, California, Belgian, Indonesian, American, Colorado

☆ US startup Joby is building an electric aircraft it wants to use to fly people between airports and cities for the price of an Uber — take a look
▼ + stars: | 2023-08-17 | by ( Taylor Rains | ) www.businessinsider.com time to read: +2 min

The growing electric air taxi market is expected to be a $57 billion industry by 2035. Startups are racing to build the first certified eVTOL thanks to investments from airlines like United and Delta. Joby Aviation recently got the green light to start flight testing of its five-seater S4 2.0 eVTOL. The era of electric air taxis is almost here, and there are several competitors vying for a piece of the lucrative market. In 2021, United Airlines placed a $1 billion order for Archer's Midnight eVTOL, while Delta Air Lines invested $60 million into Joby Aviation in 2022.

Persons: Joby, Uber Organizations: Delta, Joby Aviation, Morning, Archer, Aerospace, EVE Air Mobility, Boeing, United Airlines, Delta Air Lines, Air New, American Airlines, Japan Airlines, Paris Airshow Locations: Air New Zealand

☆ American Airlines is suing Skiplagged, accusing the travel site of being a 'classic bait and switch'
▼ + stars: | 2023-08-17 | by ( Taylor Rains | Hannah Towey | ) www.businessinsider.com time to read: +5 min

American Airlines filed a lawsuit against Skiplagged.com on Thursday. Both United Airlines and Southwest Airlines have sued Skiplagged.com in the past. American Airlines has had enough of Skiplagged.com. Then, Southwest Airlines filed a lawsuit against Skiplagged in 2021 after it showed the airline's ticket prices. United Airlines and travel booking Orbitz accused Skiplagged of costing them $75,000 in their 2014 lawsuit.

Persons: Skiplagged.com, Orbitz, Aktarer Zaman, Zaman, d3sign, Skiplagged, Dan Gellert, United, Charlotte —, Gellert Organizations: American Airlines, United Airlines, Southwest Airlines, Morning, American, His North, Skiplagged, Delta Air Lines Locations: The Texas, Texas, Florida, New York, Charlotte, His, His North Carolina, American, Chicago, New York City, Southwest

☆ Wheels Up flies for now, but private-jet rivals see opportunity
▼ + stars: | 2023-08-16 | by ( Allison Lampert | ) www.reuters.com time to read: +4 min

Wheels Up avoided a possible bankruptcy when it secured backing from investors on Tuesday, including U.S. carrier Delta Air Lines (DAL.N). Two operators have closed down since May in the face of diminished traffic and higher labor costs could force some private-jet operators out of business. While private flying remains above 2019 levels, traffic has slowed since the pandemic, when wealthy passengers sought to avoid crowded commercial airports. The company, which provided third-party flying service to Wheels Up, faces a lawsuit from Wheels Up over a contract dispute. Jamie Walker, chairman of U.S. private jet operator Jet Linx, said he sees opportunity for both organic growth and acquisitions due to the softening marketplace.

Persons: Brian Foley, Foley, Jim Segrave, Uber, Dynamics's, Canada's, Travis Kuhn, Justin Crabbe, Andrew Collins, Jamie Walker, Linx, " Walker, Allison Lampert, Ben Klayman, Andy Sullivan Organizations: Delta Air Lines, Rivals, Gulfstream, Canada's Bombardier, U.S, Argus, North, Thomson Locations: U.S, New York, Miami, North Carolina, Montreal

☆ Southwest Airlines reaches tentative agreement with transport workers union
▼ + stars: | 2023-08-15 | by ( ) www.reuters.com time to read: +1 min

A Southwest Airlines aircraft flies past the U.S. Capitol before landing at Reagan National Airport in Arlington, Virginia, U.S., January 24, 2022. REUTERS/Joshua Roberts/File Photo Acquire Licensing RightsAug 15 (Reuters) - Southwest Airlines Co (LUV.N) said on Tuesday it had reached a tentative agreement with the union that represents about 17,120 transport workers who handle ramp, operations, provisioning and cargo. The workers will now earn $36.72 per hour, higher than the hourly wages at United Airlines Holdings (UAL.O) and Delta Air Lines Inc (DAL.N), based on the tentative agreement uploaded on Transport Workers Union Local 555's website. Recently, pilots at rival Delta Air Lines and American Airlines also reached new labor agreements with the companies, while Southwest is yet to strike a new deal with its pilots. In June, Southwest agreed to a tentative agreement with its more than 2,800 mechanics and related employees.

Persons: Joshua Roberts, Ananta agarwal, Shilpi Majumdar, Shinjini Organizations: Southwest Airlines, U.S, Capitol, Reagan National Airport, REUTERS, Southwest Airlines Co, United Airlines Holdings, Delta Air Lines Inc, Transport Workers Union, Delta Air Lines, American Airlines, Thomson Locations: Arlington , Virginia, U.S, Southwest

Economy seats account for 79.3% of seats between the U.S. and Europe, down from nearly 81.9% in 2018, before the pandemic, according to aviation data firm Cirium. Business-class seats' share of seats sold has grown slightly, from 12.9% to 13.5% though premium economy's share has increased even more, making up 6.4% of seats sold, up from 4.2% five years ago, while first class seats' share fell. Delta, JetBlue Airways , United Airlines , American Airlines , Finnair and Lufthansa are among the carriers that have recently announced upgraded first-class seats, suites with sliding doors or premium economy cabins. On rival United Airlines , a similar itinerary was nearly $1,850 in premium economy and $912 in standard coach. Business class easily tops $5,000 for that route.

Persons: DAL, Natalie Rasmussen, I'm, Rasmussen, Leslie Josephs, Edward Dryden, Delta Organizations: Airline, Delta Air Lines, Virgin Atlantic's, Virgin, U.S, JetBlue Airways, United Airlines, American Airlines, Finnair, Lufthansa, Singapore Airlines, CNBC, Collins Aerospace, Delta, Suites Locations: Europe, San Jose , California, London, Germany, Czech Republic, Delta, Emirates, New York, Paris

☆ American price elasticity stretched to the limit
▼ + stars: | 2023-08-10 | by ( Ben Winck | ) www.reuters.com time to read: +3 min

WASHINGTON, Aug 10 (Reuters Breakingviews) - The United States may be over the hump on inflation, but consumers aren’t acting like it. Lingering restraint will stretch the power of price elasticity to its limits. Similarly, PepsiCo’s (PEP.O) 14% increase in North American prices of Mountain Dew, Tropicana orange juice and other beverages cost it 4% in quarterly sales. Strong appetites for Oreos and Wheat Thins lifted Mondelez International’s (MDLZ.O) sales 2% in the United States, Canada and Mexico, even as prices climbed 10%. They have climbed 3.5% from a year earlier, surpassing the 3.2% annual increase in the Consumer Price Index.

Persons: Mondelez, Darden, Ricardo Cardenas, Laxman Narasimhan, Marriott, Jeffrey Goldfarb, Aditya Sriwatsav Organizations: Reuters, of Michigan, U.S . Bureau of Labor Statistics, Capital, Procter & Gamble, Delta Air Lines, United Airlines, Reuters Graphics Reuters, U.S, of Labor Statistics, Thomson Locations: States, Dew, United States, Canada, Mexico, American

☆ Domestic airlines are getting crushed because everyone wants to escape to Europe
▼ + stars: | 2023-08-10 | by ( Hannah Towey | Taylor Rains | ) www.businessinsider.com time to read: +5 min

International travel demand is outpacing domestic demand as Americans flock to Europe in 2023. Our international wanderlust may be a worrying trend for domestic airlines — but it makes now the perfect time to buy flights for fall and winter vacations within the US. Low-cost carriers Spirit Airlines , Frontier Airlines , and JetBlue Airways had similar outlooks. Redburn analyst James Goodall said Monday that domestic airlines are likely to feel this pressure for not just months, but years, Barron's reported . Frontier AirlinesAs domestic airlines take a hit, consumers could reap the benefits with cheap fares and fall promotions designed to stimulate demand.

Persons: you've, Hopper, Sonia Bhagwan, they've, Barry Biffle, James Goodall, Barron's, Goodall, — Hopper, Bhagwan, she's, airfare Organizations: Carriers, JetBlue, Bank of America, American Airlines, Delta Air Lines, United Airlines, —, Atlantic, Southwest Airlines, Spirit Airlines, Frontier Airlines, JetBlue Airways, CNBC, Airlines, Southwest, Bloomberg, nab Locations: Europe, Greece, heatwaves, Spain, Italy, Asia, COVID, United, Delta, Texas, Mexico, Caribbean, Paris

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