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Nearly free travel is possible with credit card rewardsBefore collecting credit card rewards, identify your travel goals. If you're interested in cash back, you should be using cash-back credit cards instead of travel credit cards. Award travel frequently asked questionsHow can I find the best redemption options for my points and miles? Can I book award travel for someone else using my points or miles? You can also use deal-tracking apps and award search websites to set up alerts when award travel availability opens up.

Persons: We'll, It's, overspend, you've, you'll, Wells, Here's, you'd, there's, availabilities Organizations: Hilton, British Airways, Air, Airlines, American Airlines, Alaska Airlines British Airways Cape Air Cathay Pacific Etihad Airways Fiji Airways Finnair, Airlines Iberia Japan Airlines JetBlue Malaysia Airlines Qantas Airways Qatar Airways Royal Air Maroc Royal Jordanian Airlines Silver Airways SriLankan Airlines, American, Hyatt, Citi, Capital, Chase Travel, Citi Travel Portal, United Airlines, Booking Locations: Marriott, Air Canada, Air Tahiti, Chicago, Venice, United, Chevron

Chase Ultimate Rewards and American Express Membership Rewards are the most popular credit card reward programs. The Amex Platinum Card and Chase Sapphire Preferred earn points in two different programs — American Express Membership Rewards and Chase Ultimate Rewards®, respectively. American Express Membership Rewards OverviewThis brings us to the American Express Membership Rewards program, which is similar to the Chase Ultimate Rewards with a few key differences. The American Express Membership Rewards program includes the following transfer partners:Amex Membership Rewards Transfer Partners Aer Lingus: 1,000 points = 1,000 milesAeromexico: 1,000 points = 1,600 milesAir Canada: 1,000 points = 1,000 milesAir France-KLM Flying Blue: 1,000 points = 1,000 milesAlitalia: 1,000 points = 1,000 milesANA Mileage Club: 1,000 points = 1,000 milesAsia Miles: 1,000 points = 1,000 milesAvianca: 1,000 points = 1,000 milesBritish Airways: 1,000 points = 1,000 milesDelta SkyMiles: 1,000 points = 1,000 milesEl Al Israel: 1,000 points = 20 milesEmirates: 1,000 points = 1,000 milesEtihad Airways: 1,000 points = 1,000 milesHawaiian Airlines: 1,000 points = 1,000 milesIberia: 1,000 points = 1,000 milesJetBlue: 250 points = 200 milesQantas: 500 points = 500 milesSingapore Airlines: 1,000 points = 1,000 milesVirgin Atlantic: 1,000 points = 1,000 milesChoice Privileges: 1,000 points = 1,000 hotel pointsHilton Honors: 1,000 points = 2,000 hotel pointsMarriott Bonvoy: 1,000 points = 1,000 hotel pointsLike the Chase Ultimate Rewards program, American Express Membership Rewards offers the most bang for your buck when you transfer points to airline and hotel partners. Choosing Between Chase Points and Amex PointsIf you can't decide between Chase Ultimate Rewards and American Express Membership Rewards, there are some serious questions you should be asking yourself.

Persons: Chase, you'll, You've, Holly Johnson, Amex, You'll, Uber, Wiley, Julie Mehretu, Peacock, Uber Cash Organizations: Business, Read, American Express, Chase, Sapphire, Chase Sapphire Reserve, Freedom, Apple, Chase Sapphire, Aer Lingus British Airways Emirates Air France, KLM, Blue, JetBlue Singapore Airlines, Southwest Airlines United, Virgin, Hyatt, Chase Travel, Hotel, FDIC, American, Aer Lingus, Air, Air France, Alitalia, British Airways, El, Emirates, Etihad Airways, Hawaiian Airlines, JetBlue, Qantas, Singapore Airlines, Marriott, airfare, Express, Hilton, Saks, Entertainment, Disney, ESPN, The New York Times, Street, Walmart, TSA, Global, Saks Fifth, Southwest Rapid, Delta Air Lines Locations: U.S, airfare, Air Canada, Asia Miles, El Al Israel, Iberia, Hulu, United

☆ What to do if an airline bumps you from an overbooked flight
▼ + stars: | 2024-07-08 | by ( Hannah Towey | Taylor Rains | ) www.businessinsider.com time to read: +7 min

In 2022, Delta Air Lines offered passengers $10,000 cash to take a different flight after overselling a flight from Michigan to Minnesota amid the summer's post-pandemic travel chaos. DOT rules entitle passengers to hundreds of dollars in compensation if they are involuntarily bumped from a flight, under certain terms and conditions. How to lower the odds of getting bumped from a flightThere's nothing you can do to guarantee you won't get bumped from an overbooked flight, as one traveler who said he was bumped off an American Airlines flight learned the hard way. According to the DOT's 2023 consumer air travel data, Allegiant Air, Delta Air Lines, and Hawaiian Airlines involuntarily bumped 0, 3, and 5 people, respectively, over the entire year. On the other end of the spectrum, American Airlines and Frontier Airlines involuntarily bumped over 10,000 passengers each in 2023.

Persons: —, Hurricane Beryl, Tayfun, doesn't, Constantine Johnny Organizations: Service, Transportation Security Administration, Business, Airlines, US Department of Transportation, Delta Air Lines, Anadolu Agency, Getty, Passengers, American Airlines, Hawaiian Airlines, American Airlines and Frontier Airlines Locations: Texas, Michigan, Minnesota

☆ These are the best airlines right now, according to The Points Guy
▼ + stars: | 2024-06-12 | by ( Taylor Rains | ) www.businessinsider.com time to read: +6 min

Travel website The Points Guy published its annual list of the 10 best airlines in the US on Wednesday. Markus Mainka/Shutterstock2022 Rank: 6Best areas: Involuntary bumpsWorst areas: Route networkAdvertisement6. HUM Images/Universal Images Group via Getty Images2022 Rank: 5AdvertisementBest areas: Bags and change feesWorst areas: Lounges4. CHARLY TRIBALLEAU/AFP via Getty Images2022 Rank: 4Best areas: Route network, award availability (flights that can be booked with points or miles)AdvertisementWorst areas: Mishandled baggage and affordability3. Getty Images2022 Rank: 1AdvertisementBest areas: Timeliness and involuntary bumpsWorst areas: Affordability

Persons: —, Guy, Power, Allegiant, Here's, Elizabeth Page Brumley, Joe Cavaretta, Tom Williams, Markus Mainka, Robert Alexander, CHARLY TRIBALLEAU, Nicolas Economou, Mario Tama Organizations: Service, Business, Delta Air Lines, Alaska Airlines, United Airlines, Delta, Wall Street, TPG, Allegiant Air, Frontier Airlines, Spirit Airlines, Frontier, American Airlines, Southwest Airlines, JetBlue Airways, Hawaiian Airlines, Department of Transportation, Frontier Airlines Frontier Airlines, Las Vegas, Tribune, Getty, South Florida Sun Sentinel, Air Allegiant, US, JetBlue Airways JetBlue, Southwest Airlines Southwest, American Airlines American, United Airlines United, Delta Air Lines Delta Air Lines Locations: Delta, South, Hawaii, Pacific, Asia, US West Coast, AFP, Alaska

☆ These plane crash survivors and victims’ loved ones are becoming scared to fly again after years of travel. They’re not alone
▼ + stars: | 2024-04-06 | by ( Elizabeth Wolfe | ) edition.cnn.com time to read: +13 min

Others, however, said they are still confident in flight safety, pointing out that commercial air travel remains one of the safest modes of transportation. Cara and Erin Ashcraft survived the crash of American Airlines Flight 1420, operated on a McDonnell Douglas MD-82, during a landing at Little Rock National Airport on June 1, 1999. “I’ve never had concerns (about air travel safety) before. This is the hole left behind when the plug door of an Alaska Airlines flight blew off midflight on January 5, 2024. Pierson is wary of attitudes around the apparent safety of American air travel, he said.

Persons: Barb Handley, –, ” Handley, Handley, ”, ‘, Mary Handley, Alice, Barb Handley Miller, Pat Gabrielse, Dan Handley, Beth Handley McMall, Kathleen Handley Salemi, Cara, Erin Ashcraft, “, I’m, ” Cara, ” Cara Ashcraft, ’, McDonnell Douglas, Andy Scott, “ I’m, ” Erin Ashcraft, ” ‘ I’ve, Trey Smith, “ I’ve, ” Smith, Smith, Scott Kirby, United, Boeing Aubrey, Max, Aubrey, they’re, ” Anthony Brickhouse, Florida’s Embry, Brickhouse, Ed Pierson, Pierson, That’s, ” CNN’s Chris Isidore, Jacopo Prisco Organizations: CNN, Alaska Airlines, United Airlines Boeing, Boeing, –, National Transportation, NTSB, Federal Aviation Administration, United Airlines, American Airlines, McDonnell, Little Rock National Airport, Dallas Morning News, International Air Transport, United, Reuters United, Airbus, “ Airlines, Delta Air Lines, Hawaiian Airlines, Florida’s, Riddle Aeronautical University, Alaska Airlines Max, US Federal Aviation Administration, National Transportation Safety Board, Foundation for Aviation Safety, Air Canada, San Francisco International Airport Locations: Alaska, Little Rock , Arkansas, United States, Virginia, Los Angeles, East, Southwest

Bilt, the company that awards points when you pay rent, adds Alaska Airlines as a transfer partner. However, Bilt will lose American Airlines as a points transfer partner in June 2024. Noteworthy Alaska Airlines partners include oneworld alliance partners American Airlines, British Airways, Cathay Pacific, Japan Airlines, Qantas, and Qatar. In addition to Alaska Airlines, Bilt partners with American Airlines, Aer Lingus, Air Canada, Avianca, British Airways, Cathay Pacific, Emirates, Air France-KLM, Hawaiian AIrlines, Iberia, IHG, Marriott, Turkish Airlines, Virgin Atlantic, United Airlines and Hyatt. Bilt and American Airlines will part ways in June, three years after their partnership initially began.

Persons: Bilt, — Organizations: Alaska Airlines, Alaska Airlines cardholders, American Airlines, Service, oneworld, British Airways, Cathay, Japan Airlines, Qantas, luxe, Air, Singapore Airlines, Mastercard, Aer Lingus, Air France, KLM, Hawaiian AIrlines, Turkish Airlines, Virgin Atlantic, United Airlines, Hyatt Locations: Alaska, Cathay Pacific, Qatar, Air Canada, Emirates, Air, Iberia, IHG, Marriott

☆ The Boeing 787 that suddenly dropped mid-flight and injured at least 50 people is a stark reminder: Always wear your seatbelt.
▼ + stars: | 2024-03-12 | by ( Taylor Rains | ) www.businessinsider.com time to read: +5 min

A Latam Airlines Boeing 787 experienced a sudden midair drop on Monday, injuring at least 50 people. Dozens of turbulence-related injuries have been seen on other carriers like Lufthansa and Delta. AdvertisementA passenger on the Boeing 787 that suddenly dropped midair over the Pacific on Monday described a scary scene. In an interview with CNN on Tuesday, Latam Airlines Flight 800 passenger Brian Jokat said the plane "dropped something to the effect of 500 feet instantly," jolting him awake. The "fasten seatbelt" sign was on at the time, airline Chief Operating Officer Jon Snook said, HawaiiNewsNow reported.

Persons: —, Brian Jokat, I'm, Rolanda Schmidt, Melissa Matteso, Jon Snook, HawaiiNewsNow, Bill Duncan, Taylor Organizations: Latam Airlines Boeing, Lufthansa, Delta, Service, Boeing, Pacific, CNN, Latam, RNZ, New Zealand Herald, US National Transportation Safety Board, Airlines, Lufthansa Airbus, Washington Post, Lufthansa Flight, Hawaiian Airlines Airbus, Sydney Morning Herald, Delta Air Lines, Norwegian Air Shuttle, Alaska Airlines Boeing, NTSB, The Weather Company, Business, Allegiant Locations: Sydney, Auckland , New Zealand, Austin, Washington, Frankfurt, Honolulu

☆ The least-visited national parks in the United States in 2023
▼ + stars: | 2024-02-26 | by ( Marnie Hunter | ) edition.cnn.com time to read: +10 min

The state of Alaska — which covers 665,384 square miles (426 million acres) — is home to five of the 15 least-visited national parks for 2023. Wrangell-St. Elias National Park & Preserve, Alaska - 78,305 recreation visitsAmerica’s largest national park, Wrangell-St. Elias encompasses 13.2 million acres — or about the size of Yellowstone National Park, Yosemite National Park and Switzerland combined, the Park Service says. Dry Tortugas National Park, Florida - 84,285 recreation visitsThis island park in Florida is among 20 National Park Service sites that broke visitation records in 2023. Channel Islands National Park, California - 328,746 recreation visitsStretching over five islands and the surrounding ocean, Channel Islands National Park offer opportunities to hike, snorkel, kayak, birdwatch and more. While Pinnacles may rank among the 15 least-visited national parks, it gets very busy on weekends, holidays and throughout the spring, according to a notice on the park’s website.

Persons: Alaska’s Gates, “, ” Peter Christian, fa’asamoa, Gates, ”, Katmai, Brooks Camp, Elias, Lumir, Nabesna, McCarthy Organizations: CNN, &, CNN Travel, of, Park Service, National Parks, & Preserve, South Pacific, Hawaiian Airlines, Lake Clark, National Park Service, Getty, Isle Royale, NPS, Wolves, Elias, Park & Preserve, Yosemite National, Voyageurs National, Voyageurs National Park, ” Voyageurs, Voyageurs, Service, Channel Locations: Alaska’s, Fairbanks, Alaska, of American Samoa, South, Samoa, Smoky, Wild Rivers, American Samoa, Honolulu, , Alaska, Isle, Lake Superior, Isle Royale, Park , Michigan, Brooks, , Washington, Wrangell, St, Elias, Yellowstone, Yosemite, Switzerland, , Florida, Florida, Key, Fort Jefferson, , Nevada, Minnesota, Voyageurs National Park , Minnesota, Canada, Guadalupe, Park , Texas, Texas, Salt, , South Carolina, South Carolina, Congaree, There’s, Santa Cruz, , California, Southern California

☆ Labor coalition accuses Starbucks of 'flawed' union strategy, risking shareholder value
▼ + stars: | 2024-02-20 | by ( Kate Rogers | ) www.cnbc.com time to read: +8 min

The coalition is pushing to replace three current Starbucks board members with its own nominees. The SOC proxy presentation claims the company's board has backed what it calls an "unnecessarily confrontational" strategy with the union. Starbucks said it has not only a new CEO, but with these additions, it has added five new board members in the past year. The proxy presentation targets three current Starbucks board members: Ritch Allison, Andy Campion and Jørgen Vig Knudstorp. Allison, Campion and Knudstorp, specifically, provide "continuity and highly-valuable unique perspectives," the Starbucks presentation said.

Persons: Baristas, Nielsen, Maria Echaveste, Joshua Gotbaum, Wilma Liebman, Daniel Servitje, Neal Mohan, Mike Sievert, Ritch Allison, Andy Campion, Jørgen Vig Knudstorp, Allison, Campion, Knudstorp, Wendy's, Narasimhan Organizations: Starbucks, CNBC, Organizing Center, U.S . Securities, Exchange Commission, National Labor Relations Board, NLRB, Starbucks Corporation, Siren Retail, Service Employees International Union, Starbucks Workers United, Communications Workers of America, United Farm Workers of America, Chipotle, Darden, Restaurant Brands, Yum Brands, White House, Hawaiian Airlines, White, Grupo Bimbo, YouTube, Mobile, SEC Locations: Buffalo, Arlington , Virginia, China, U.S

☆ An airline's new policy to ask passengers to weigh themselves voluntarily is criticized for being 'embarrassing' and 'triggering'
▼ + stars: | 2024-02-10 | by ( Alia Shoaib | ) www.businessinsider.com time to read: +3 min

Finnair says that weight data helps the safe operation of flights. AdvertisementAn airline’s trial policy to ask passengers to weigh themselves before flights has sparked controversy, with critics saying it could be triggering and embarrassing. Travel journalist Yvette Caster, also interviewed by GB News, called Finnair's move to weigh passengers "fatphobic." Finnair has announced it will begin weighing passengers with their carry-on luggage to better estimate the plane's weight before take-off. Uzbekistan Airlines began weighing passengers for the same reason in 2015.

Persons: Finnair, —, Hayley Hasselhoff, Yvette, Kate Staniforth, ”, Laura Sanders, MailOnline, “ It's Organizations: Service, GB, Travel Republic, Air, Zealand, Korean, Hawaiian Airlines, Uzbekistan Airlines Locations: Finland, British

☆ Finnair has started asking passengers to volunteer to be weighed at the gate, and it's giving them a free baggage tag if they agree
▼ + stars: | 2024-02-08 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +3 min

Finnair said no personal data is being collected along with passenger weight. Finnair uses its own passenger weight measurements, and authorities require that the data is updated every five years. The European Aviation Safety Authority also collects its own data on passenger weight for aircraft mass and balance calculations. Its latest study, in 2022, showed that average passenger weight did not significantly increase or decrease since the last study in 2009. AdvertisementAir New Zealand, Korean Air, Hawaiian Airlines have made similar requests of passengers in the past year, to better understand average weights for safety.

Persons: Finnair, —, Munnukka Organizations: Service, Guardian, European Aviation Safety Authority, Korean Air, Hawaiian Airlines, Uzbekistan Airlines, Business Insider Locations: Finnair, Finnair's, Helsinki, Zealand, Korean

Hawaiian Airlines is rolling out complimentary Wi-Fi via SpaceX's Starlink on board commercial flights this week, the companies told CNBC, the first major U.S. airline to offer the satellite-based service. Hawaiian's plan for complimentary Wi-Fi comes as airlines ramp up their offerings for high-speed connectivity. "It really feels like an experience that should not be possible when you get on a commercial airline flight. Hawaiian signed an agreement with SpaceX in April 2022, looking to utilize the Starlink network – which consists of more than 5,000 satellites in low Earth orbit and boasts more than 2.3 million customers worldwide. The airline didn't previously offer inflight Wi-Fi.

Persons: Peter Ingram, Chad Gibbs, Gibbs Organizations: CNBC, U.S, SpaceX, Hawaiian Airlines, JetBlue Airways, Delta Air Lines, didn't Locations: U.S, Japan, Australia, New Zealand, Hawaii

☆ The best and worst airlines in the US for 2023, according to the WSJ
▼ + stars: | 2024-01-24 | by ( Taylor Rains | ) www.businessinsider.com time to read: +9 min

American and United sat in the middle of the group, mostly losing points for cancelations, tarmac delays, and baggage mishaps. AdvertisementHere's a closer look at the best and worst airlines in the US for 2023 — and how they ranked in each category in the WSJ rankings:9. JetBlue AirwaysJetBlue Airways ranked dead last in the WSJ's annual list of best and worst US airlines for 2023. AaronP/Bauer-Griffin/GC Images via Getty Images2022 Rank: 1Delta is the best airline in the US for 2023, according to The Wall Street Journal's ranking. It was second for extreme delays, fourth for tarmac delays and mishandled baggage, and fifth for flight cancelations — its lowest finish overall.

Persons: —, Delta, Allegiant, Andrew Watterson, United, Marcus Mainka, Tayfun, Mario Tama, Nicolas Economou, Robert Alexander, Tom Williams, Bauer, Griffin Organizations: Delta Air Lines, Alaska Airlines, JetBlue Airways, Service, Delta, Allegiant, Department of Transportation, — United Airlines, American Airlines, Max, Southwest Airlines, Journal ., Spirit Airlines, Frontier Airlines, Jetblue, JetBlue, Airlines, JetBlue Airways JetBlue Airways, Anadolu Agency, Getty, cancelations, Spirit Airlines Spirit Airlines, United Airlines United, American Airlines American Airlines, Southwest Airlines Southwest Airlines, Southwest, Delta Air Lines Delta Air Lines Locations: West Coast, Seattle, Alaska, New York City, New York, Southwest

☆ Why the JetBlue-Spirit antitrust ruling doesn't spell doom for an Alaska-Hawaiian merger
▼ + stars: | 2024-01-19 | by ( Leslie Josephs | ) www.cnbc.com time to read: +2 min

Alaska and Hawaiian Airlines planes takeoff at the same time from San Francisco International Airport (SFO) in San Francisco, California, United States on June 21, 2023. President Joe Biden's Justice Department has successfully had two airline link-ups halted in court in recent months. That doesn't necessarily spell doom for Alaska Air's plan to buy Hawaiian Airlines . The decision immediately sparked questions of whether an Alaska-Hawaiian combination would suffer a similar fate in an antitrust lawsuit. The Justice Department didn't immediately respond to a request for comment about whether it plans to challenge Alaska and Hawaiian's proposed deal.

Persons: Joe Biden's, William Young, Michael Linenberg, Department didn't, Hawaiian's, Herbert Hovenkamp Organizations: Hawaiian Airlines, San Francisco International Airport, Department, Hawaiian Airlines . U.S, Justice Department, JetBlue Airways, Spirit Airlines, Deutsche Bank, JetBlue, University of Pennsylvania's Carey Law School, Spirit Locations: Alaska, San Francisco , California, United States, Hawaiian Airlines ., Hawaii

☆ Premarket stocks: Airline stocks are getting pummeled. Here are four reasons why
▼ + stars: | 2024-01-18 | by ( Krystal Hur | ) edition.cnn.com time to read: +6 min

New York CNN —It’s been a tough month for shares of airline companies. Here’s why investors are getting out of airline stocks. Boeing’s “can of worms”: Boeing’s problems began on Jan. 5, when the door plug on an Alaska Airlines Boeing 737 Max 9 detached mid-flight. Oil prices are volatile: Investors are also concerned about a possible spike in oil prices. United Airlines Holdings shares have declined 8% so far in January and American Airlines Group shares have fallen 6%.

Persons: New York CNN — It’s, Wells, “, Max, JetBlue’s, Patrick T, Fallon, Brent, Ed Bastian, Antony Blinken, CNN’s Jennifer Hansler, Bryan Mena, Read Organizations: CNN Business, Bell, New York CNN, NYSE, Alaska Airlines Boeing, Max, Boeing, Alaska Airlines, US Federal Aviation Administration, National Transportation Safety, FAA, ”, Spirit Airlines, JetBlue, Spirit, CNN . Spirit Airlines Airbus, JetBlue Airlines Airbus, Los Angeles International Airport, Getty, US Justice Department, Hawaiian Airlines, Hawaiian Holdings, US, . West Texas, Delta Air Lines, Delta, United Airlines Holdings, American Airlines Group, Blinken’s Boeing, Commerce Department Locations: New York, Washington, Boston, AFP, Iran, Yemen, Davos, Zurich, deplane

A sale to JetBlue represented a lifeline for Spirit, which faces $1.1 billion in debt maturing next year. But a federal judge in Boston scuttled that plan by ruling Tuesday that JetBlue’s $3.8 billion proposal to buy Spirit violates antitrust law. But Frontier has its own challenges and is in no position to renew merger discussions with Spirit now, Baker said. Like Spirit, JetBlue has not had a profitable year since 2019, before the pandemic. Investors are also trying to gauge what the ruling against the JetBlue-Spirit deal means for Alaska Airlines' pending proposal to buy Hawaiian Airlines.

Persons: Airlines hasn’t, haven’t, William Young's, ”, Helane Becker, Cowen, “, Jamie Baker wasn’t, ” Baker, Baker, Judge Young, Young, Robin Hayes –, Biden, hasn't, Michael Linenberg Organizations: Airlines, JetBlue, Justice Department, Bank of America, Pratt & Whitney, Airbus, Frontier Airlines, –, Investors, Alaska Airlines, Hawaiian Airlines, Deutsche Bank, Spirit, American Airlines Locations: Boston, Miramar , Florida, Alaska

NEW YORK (AP) — The prospect of a JetBlue-Spirit Airlines merger took a major hit in court on Tuesday when a federal judge sided with the Biden administration and blocked the $3.8 billion deal. The judge ruled that JetBlue's purchase of Spirit, the nation's largest low-cost airline, would harm competition — and increase prices for air travelers as a result. The Justice Department and several state attorneys general sued to block the merger last year — arguing that it would drive up fares by eliminating low-cost Spirit. With no merger in sight, the status quo for both JetBlue and Spirit remains — meaning air travelers shouldn't expect major changes anytime soon. In the past, the Justice Department has faced criticism for greenlighting a wave of mergers.

Persons: Biden, William Young, Ronald Reagan, General Merrick Garland Organizations: JetBlue, Spirit Airlines, JETBLUE, Justice Department, Young, Justice, Spirit, Frontier Airlines, Alaska Airlines, Hawaiian Airlines, Southwest Locations: Boston, Florida, Delta, United

☆ Spirit Airlines shares plunge after judge blocks JetBlue merger
▼ + stars: | 2024-01-16 | by ( Krystal Hur | Chris Isidore | ) edition.cnn.com time to read: +3 min

New York CNN —Spirit Airlines shares tanked 52% on Tuesday after a federal judge in Boston ruled against JetBlue’s proposed $3.8 billion acquisition of the discount airline. The Biden administration has argued since taking office there needs to be greater competition between businesses, especially in the airline industry, to lower costs for consumers. “If not blocked, the merger of JetBlue and Spirit would result in higher fares and fewer choices for tens of millions of travelers across the country. The Biden administration has taken a much more aggressive approach in fighting mergers and combinations, including in the airline industry. There is one other merger now being sought in the US airline industry, a proposed $1.9 billion deal to combine Alaska Airlines and Hawaiian Airlines.

Persons: JetBlue’s, ”, William Young, Biden, General Merrick Garland Organizations: New, New York CNN — Spirit Airlines, Defendant Airlines, JetBlue, CNN, US Justice Department, Spirit, The Justice, “ Companies, — American Airlines, United, Delta Air Lines, Southwest Airlines, Northeast, Alaska Airlines, Hawaiian Airlines, Hawaiian Holdings Locations: New York, Boston, American, Northeast United States

☆ 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: 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

A Justice Department lawyer argued that the deal would push fares higher by 30% and leave fewer options for travelers on a budget. Duffy, the Justice Department lawyer, tried to close the door on more divestitures. If Spirit is acquired by JetBlue, Frontier would become the biggest discount carrier in the U.S., followed by Allegiant Air and new entrants Breeze and Avelo. The Justice Department has not indicated whether it will challenge that deal. Spirit agreed to merge with Frontier Airlines, which shares its ultra-low-cost business model, but JetBlue beat Frontier in a bidding war.

Persons: —, Ryan Shores, ”, ” Shores, U.S . Justice Department's, Edward Duffy, Duffy, ” Duffy, William Young, Young, Ronald Reagan, Shores, “, Biden, David Koenig Organizations: BOSTON, JetBlue Airways, U.S, JetBlue, Spirit Airlines, U.S . Justice, Justice, Frontier Airlines, Spirit, New, Justice Department, American Airlines, Frontier, Allegiant Air, Avelo, Alaska Airlines, Hawaiian Airlines, Department, Southwest, AP Locations: ”, Boston, New York City, Fort Lauderdale, Fla, New York, U.S, Sunday, Alaska, Delta, United, Dallas

TOKYO (AP) — Asian shares declined Tuesday on heavy selling of property and technology shares. A key report on Japanese inflation showed core consumer prices in Tokyo, which excludes volatile food prices, rose 2.3% from a year ago, slowing from previous months' increases. Hopes that inflation is easing enough to allow the Federal Reserve to stop raising interest rates have pushed shares higher in recent weeks. The sector is a key component in the U.S. economy and accounts for the majority of the nation’s jobs. The government’s monthly jobs report for November is due on Friday.

Persons: Hang Seng, Australia's, Biden, Uber, Brent Organizations: TOKYO, Shanghai, Nikkei, Dow Jones, Nasdaq, Treasury, Technology, Microsoft, Nvidia, Netflix, Alaska Air Group, Hawaiian Airlines, Spotify, Federal Reserve, Institute for Supply Management, FactSet, U.S . Locations: Tokyo, U.S

☆ 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

☆ Premarket stocks: Shein and Reddit IPOs don’t herald a Wall Street boom. Here’s why
▼ + stars: | 2023-12-04 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +9 min

New York CNN —It’s been an exciting few weeks for the IPO market. People try to draw an analogy between the IPO market and a blocked pipe. That is one reason why the IPO market feels less stymied than it did 12 months ago. But if the current IPO market kicks off, it’s because of other macroeconomic factors. They’re going to very rapidly acquire customers and care much less about long term financial sustainability and climate and the environment.

Persons: New York CNN — It’s, Angela Lee, Bell, We’ve, Reddit, ‘ it’s, Shein, It’s, it’s, we’ve, Ben Minicucci, Eva Rothenberg, ”, Peter Ingram, Robin Hayes, Minicucci, “ We’ll, Anna Cooban, Svein Tore Holsether Organizations: CNN Business, Bell, New York CNN, Reuters, Microsoft, Wall Street, Columbia Business School, Federal Reserve, Alaska Air, Hawaiian Airlines, Sunday, Alaska Airlines, American Airlines, JetBlue Airways, Justice Department, District of Columbia, Spirit Airlines, Yara, CNN, International Maritime Organization Locations: New York, Reddit, Minicucci, Delta, Southwest, Norwegian, decarbonization

☆ CNBC Daily Open: 'Premature' to talk about cutting rates?
▼ + stars: | 2023-12-04 | by ( Shreyashi Sanyal | ) www.cnbc.com time to read: +2 min

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. S&P 500 soars to 2023 highThe S&P 500 rose 0.59% Friday and closed at a new high for 2023, extending a strong rally from November. Uber gets a spot in the S&P 500Uber will be added to the S&P 500 Index, replacing Sealed Air Corp. [PRO] China's version of Spotify is 'underappreciated,' Morgan Stanley saysTencent Music Entertainment "music value [is] still underappreciated," Morgan Stanley says even as the company is convincing more people in China to pay for music.

Persons: Powell, Jerome Powell, Uber, Morgan Stanley, Tencent Organizations: CNBC, Federal, Treasury, Nasdaq, Dow Jones, Alaska Airlines, Hawaiian Airlines, Sealed Air Corp, Spotify Locations: West Coast . Alaska, China, U.S

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