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☆ The best credit card for each type of purchase
▼ + stars: | 2023-03-20 | by ( Jennifer Yellin | ) edition.cnn.com time to read: +17 min

Since every credit card earns a different amount of points on your common category purchases, the bonus points earned might persuade you to get one credit card over another. Fortunately, there’s a credit card out there for every type of purchase. Let’s check out some of the best credit card to use for all of your spend categories. Best credit cards for each category purchase in 2023While the cards listed here are some of our favorites for their respective categories, they might not be the best for your needs. American Express Gold Card: Best for restaurantsThe Amex Gold card earns 4 points per dollar at restaurants in the U.S. and abroad.

☆ These are the best and worst US airlines for on-time performance in 2022, according to DOT data — see the list
▼ + stars: | 2023-03-16 | by ( Taylor Rains | ) www.businessinsider.com time to read: +4 min

The Department of Transportation's list of airlines' on-time performance was published Thursday. Every airline had a worse on-time performance rate in 2022 compared to 2021. But, the Dallas-based carrier was still the worst-performing company among the Big Four, which also includes American Airlines, United Airlines, and Delta. Take a closer look at the best and worst airlines for on-time performance for 2022:10. Delta Air LinesDelta Air Lines Boeing 737-900ER aircraft Alex Tai/SOPA Images/LightRocket via Getty ImagesRate: 82.14%Rate in 2021: 88.22%

☆ Which airlines had the best on-time performance in 2022? Delta led the pack — see the rest of the list.
▼ + stars: | 2023-03-16 | by ( Taylor Rains | ) www.businessinsider.com time to read: +4 min

☆ American Airlines loses fight over Delta airport slots
▼ + stars: | 2023-03-16 | by ( Foo Yun Chee | ) www.reuters.com time to read: +1 min

LUXEMBOURG, March 16 (Reuters) - American Airlines (AAL.O), which gave up rights to two airport slots to Delta Air Lines' (DAL.N) in 2013, on Thursday lost a court appeal to have the European Union cancel them for lack of use. American gave up the takeoff and landing rights at Heathrow and Philadelphia airports to get antitrust approval for its merger with US Airway. The European Commission picked Delta to take up the slots. The EU Court of Justice (CJEU), Europe's highest, dismissed American's arguments that Delta did not fulfil its obligation to use the slots regularly. American complained that Delta had not made appropriate use of the slots as required under grandfather rights, prompting the EU competition watchdog to issue a decision in 2018 backing its rival.

☆ Airline stocks slide despite CEOs' upbeat demand outlook
▼ + stars: | 2023-03-15 | by ( Leslie Josephs | ) www.cnbc.com time to read: +2 min

Airline stocks slid Wednesday as the market fell broadly amid concerns over stability of some banks and new data that showed a slowdown in consumer spending. Airline executives during a JPMorgan industry conference on Tuesday said they expect strong demand — and profits — in 2023, despite higher costs, with leisure travel continuing to lead the way. Consumer appetite for air travel has surged over the past year and higher fares have boosted airlines' bottom lines. "As I tell many of my CEO friends across the industry and outside of the industry, I know where your employees are. "And that's because of the new way of work, the new hybrid, new mobility.

☆ How to get approved for a business credit card
▼ + stars: | 2023-03-14 | by ( Holly Johnson | ) edition.cnn.com time to read: +9 min

But, how do you get approved for a business credit card? Know your credit scoreYour personal credit score will often be a factor in being approved for a business credit card. This step is important since card issuers will take your personal credit into account when approving you for a business credit card. Compare business card optionsYou can earn a variety of rewards with your business credit card, including airline miles. Fortunately, you can quickly and easily fill out a business card application just like you would if you were applying for a personal credit card.

☆ Delta CEO: The ten highest sales days in our history happened in the last 30 days
▼ + stars: | 2023-03-14 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDelta CEO: The ten highest sales days in our history happened in the last 30 daysDelta Air Lines CEO Ed Bastian joins 'Squawk Box' to discuss whether there's any deterioration in travel demand, if there's a return to seasonality happening in the travel industry, and more.

CHICAGO, March 14 (Reuters) - U.S. airlines on Tuesday tried to reassure investors about the strength of travel demand, a day after United Airlines (UAL.O) stoked worries about the industry's pricing power. Even as executives in other sectors of the economy have warned of recession risks, airline chief executives until now have remained upbeat as consumer travel demand stayed strong. Delta reaffirmed its first-quarter outlook, saying travel demand is strong and getting stronger. American Airlines (AAL.O) CEO Robert Isom said the Texas-based carrier was enjoying "tremendous" demand. Airline ticket prices have gone up due to persistent capacity constraints and an unending thirst for travel after pandemic-related restrictions ended.

CHICAGO, March 13 (Reuters) - United Airlines Holdings Inc (UAL.O) on Monday forecast an unexpected loss in the current quarter, citing lower demand as well as higher costs from a potential contract deal with pilots. Booming travel demand has allowed U.S. carriers including United to offset cost pressures with higher ticket prices. United said a combination of lower-demand in January and February and higher capacity has weakened its pricing power. The Chicago-based carrier now expects an adjusted loss between 60 cents and $1.00 per share for the quarter through March. United and American Airlines (AAL.O) are now under pressure not just to conclude their pilot contract negotiations, but also better Delta's deal.

CHICAGO, March 13 (Reuters) - United Airlines Holdings Inc (UAL.O) on Monday unexpectedly forecast a loss for the first quarter on account of higher operating costs and weaker-than-expected pricing power, plunging its shares. The Chicago-based carrier now expects an adjusted loss between 60 cents and $1.00 per share for the quarter through March. United expects higher non-fuel operating costs in the current quarter due to a potential new contract deal with its pilots, who have been conducting informational pickets to express frustration over delays in negotiations. As a result, it now expects non-fuel operating costs to be flat to up 1% year-over-year. Meanwhile, a combination of lower-demand in January and February and higher capacity has weakened its pricing power.

☆ American Airlines pilots' union calls strike authorization vote as contract talks continue
▼ + stars: | 2023-03-09 | by ( Leslie Josephs | ) www.cnbc.com time to read: +1 min

Pilots talk as they look at the tail of an American Airlines aircraft. American Airlines pilots' union plans to hold a vote next month on whether to allow members to call a strike as talks for a new labor contract continue. "While our Negotiating Committee reports good progress, we remain steadfast and focused that now is the time to reach an agreement with American Airlines," the American Airlines pilots' union said Thursday. They had approved a strike authorization vote in the fall, about a month before reaching a preliminary deal with the company. Even if American pilots' union called a strike it would not be immediate; airline strikes are extremely rare in the U.S. and would follow a lengthy process involving federal mediators.

JetBlue will face "an uphill battle" as it fights the government," said Diana Moss, president of the American Antitrust Institute. "If I'm JetBlue, that's where I focus right now, developing that divestiture offer and lining up a buyer to 'litigate the fix,'" said Dryden. Whatever arguments JetBlue uses, a court fight could last six to eight months and cost tens of millions of dollars in attorney fees, legal experts said. Bill Baer, head of the Justice Department's antitrust division under former President Barack Obama, said the government's complaint "shows that there is meaningful competition between Spirit and JetBlue." "JetBlue brags about the 'JetBlue effect,' where they enter a market and fares tend to go down," he said.

☆ American Airlines prepared to match Delta's pilot pay rates, CEO says
▼ + stars: | 2023-03-08 | by ( ) www.reuters.com time to read: +1 min

CHICAGO, March 7 (Reuters) - American Airlines (AAL.O) is prepared to match the pay rates and profit-sharing formula that rival Delta Air Lines (DAL.N) has provided in its new pilot contract, Chief Executive Robert Isom said on Tuesday. Isom told American pilots that matching Delta's deal will result in a contract worth more than $7 billion for them. Delta's pilots last week ratified a new contract that is widely expected to be a benchmark for contract negotiations at rival carriers. To match Delta's deal, Isom said American pilots would receive on average pay increases of 21% in the first year of contract. Total pay increases in the fourth year of the contract deal would be 40%, he said.

☆ JetBlue is going after traditional airlines serving the transatlantic market with a new route to Paris starting at $479, undercutting both Delta and American
▼ + stars: | 2023-03-08 | by ( Bianca Giacobone | ) www.businessinsider.com time to read: +3 min

JetBlue is launching a new New York to Paris route in June, with tickets starting at $479. Two years after launching its service to London, the airline has announced tickets starting at $479 from New York to Paris, round-trip. Fares at the of June 2023, when JetBlue will start flying to Paris, currently start at $1082 across all other airlines. When JetBlue debuted its new New York-London Heathrow flights in August 2021, fares started at $202, while they currently cost around $559 roundtrip, according to Expedia. The lower Paris fares will likely follow a similar path.

☆ American Airlines CEO tells pilots the carrier will match Delta's pay
▼ + stars: | 2023-03-08 | by ( Leslie Josephs | ) www.cnbc.com time to read: +2 min

FILE - American Airlines President Robert Isom speaks at a news conference about the company's new partnership with Alaska Airlines, Thursday, Feb. 13, 2020, in Seattle. American Airlines CEO Doug Parker will retire next March and be replaced by the airline's current president, Robert Isom. American Airlines is prepared to raise pilots' wages to match that of Delta Air Lines ' pilots in a new contract, including 40% cumulative pay increases in a four-year deal, CEO Robert Isom said in a message to pilots. "Let me be clear, American is prepared to match Delta's pay rates and provide American's pilots with the same profit-sharing formula as Delta's pilots," Isom said in the message to pilots, sent on Tuesday and seen by CNBC. The Allied Pilots Association, American Airlines pilots' union, didn't immediately comment on Isom's statement.

☆ Analysis: US lawsuit to block JetBlue-Spirit merger casts chill over future airline deals
▼ + stars: | 2023-03-07 | by ( Rajesh Kumar Singh | ) www.reuters.com time to read: +3 min

CHICAGO, March 7 (Reuters) - A U.S. federal lawsuit to block JetBlue Airways Corp's (JBLU.O) purchase of Spirit Airlines (SAVE.N) has raised hurdles for future airline deals, making it harder for companies to pursue growth and manage costs. Mergers and acquisitions are a time-honored way for companies to both boost revenue and profit through cost cutting. But the DOJ lawsuit could send a chill through airline boardrooms, said Addison Schonland, partner at consulting firm AirInsight. American Airlines (AAL.O), United Airlines (UAL.O), Delta Air Lines (DAL.N) and Southwest Airlines (LUV.N) control 80% of the domestic market. The lawsuit against the JetBlue-Spirit deal was widely expected because of the Biden administration's crackdown on large deals between publicly listed companies, analysts said.

The complaint, which was filed in Boston federal court, said that JetBlue planned to remove 10% to 15% of seats from every Spirit plane. "Fewer seats means fewer passengers - and higher prices for those who can still afford to make their way onto the plane. Spirit shares were up about 1.8% on Tuesday after dipping the previous day on expectations of a lawsuit. JetBlue had previously said it expected the deal to close in early 2024, leaving time for litigation if necessary. JetBlue prevailed in a months-long bidding war for Spirit Airlines after the ultra-low-cost carrier accepted its offer in late July.

WASHINGTON, March 7 (Reuters) - The U.S. Justice Department filed a lawsuit on Tuesday to stop JetBlue Airways (JBLU.O) from buying Spirit Airlines <SAVE.N>, saying that the planned merger "would put travel out of reach for many cost-conscious travelers." The complaint, which was filed in Boston federal court, said that JetBlue planned to remove 10% to 15% of seats from every Spirit plane. This is unlikely to stop business travelers flying on corporate expense accounts, but would put travel out of reach for many cost-conscious travelers," the complaint said. JetBlue had previously said it expected the deal to close in early 2024, leaving time for litigation if necessary. JetBlue prevailed in a months-long bidding war for Spirit Airlines after the ultra-low-cost carrier accepted its offer in late July.

☆ Stocks making the biggest moves midday: Rivian, Delta, Snap, Dish Network and more
▼ + stars: | 2023-03-07 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

United Airlines — United Airlines gained 4.4%, as the broader airline space got a boost after the Justice Department sued to block JetBlue's acquisition of American Airlines. Snap — The tech company's stock gained 4.1%, adding to the 13% it gained on Monday. Dish Network -- The stock climbed 7.4% after Dish co-founder and Executive Vice President James DeFranco disclosed the purchase of 1.45 million shares. DXC Technology — Shares fell 4.5% after DXC Technology said talks of a possible acquisition of the information technology company by a financial sponsor were terminated. Bank stocks — Bank stocks fell after Fed Chair Jerome Powell suggested that rates may need to go higher for longer.

☆ U.S. FAA, NTSB probe new airline runway incident
▼ + stars: | 2023-03-07 | by ( David Shepardson | ) www.reuters.com time to read: +3 min

The National Transportation Safety Board (NTSB) and Federal Aviation Administration (FAA) are investigating a string of recent runway incursions that have attracted national attention. The FAA said the American Airlines flight crew discontinued the landing after the controller advised that the Air Canada aircraft was departing. The aircraft were about 3,100 feet (945 meters) apart when the American Airlines jet began its climb-out, the FAA said. The FAA will hold a March 15 safety summit and is forming a team of experts to review airline safety after several recent near-miss incidents. The FedEx plane had been set to land on a runway on which a Southwest Airlines jet was also cleared to depart.

☆ Two United planes clipped each other at Boston airport, prompting another federal investigation
▼ + stars: | 2023-03-07 | by ( Taylor Rains | ) www.businessinsider.com time to read: +3 min

A United Airlines wing clipped the tail of another aircraft during pushback at Boston airport on Monday. No injuries were reported, but the Federal Aviation Administration told Insider it is investigating the event. In early February, two other United planes — a Boeing 787 and a Boeing 757 — collided at Newark, with the latter nearly losing its entire winglet. About a week later, an American Airlines aircraft crashed into a shuttle bus at Los Angeles International Airport, sending four to the hospital. Then, in February, a FedEx Boeing 767 cargo plane nearly landed on top of a Southwest Airlines Boeing 737 passenger jet in Austin.

☆ Justice sues to block JetBlue purchase of Spirit Airlines
▼ + stars: | 2023-03-07 | by ( Chris Isidore | ) edition.cnn.com time to read: +4 min

The Justice Department is suing to prevent that from happening,” said Garland. “Companies in every industry should understand by now that this Justice Department will not hesitate to enforce antitrust laws and protect American consumers.”But over the last 22 years, the Justice Department has allowed a series of five airline mergers without a suit like the one announced Tuesday. “The combination of JetBlue and Spirit plus the rapid growth of ultra low cost carriers will assure increased competition and low fares,” said a statement from JetBlue. But it has been fighting a separate lawsuit from the Justice Department challenging an alliance it has with American Airlines for nearly 18 months. The Justice Department filed this case in federal court in Boston.

WASHINGTON, March 6 (Reuters) - JetBlue Airways Corp (JBLU.O) said on Monday it believes there is a "high likelihood" the U.S. Justice Department will file an antitrust lawsuit this week to block its $3.8 billion takeover of low-cost rival Spirit Airlines Inc (SAVE.N). JetBlue said in a statement that it accounted for the possibility of a lawsuit when it provided a timeline to close the deal in the first half of 2024. JetBlue prevailed in a months-long bidding war for Spirit Airlines after the ultra-low-cost carrier accepted its offer in late July. JetBlue Chief Executive Robin Hayes said on Monday he expected a government lawsuit to stop the deal and that the company would fight it, the Wall Street Journal reported. JetBlue is also awaiting the outcome of a lawsuit filed by the U.S. Justice Department which asks the court to force JetBlue and American to scrap its Northeast Alliance.

☆ Air Canada pilots decry 'embarrassing' pay gap with U.S. after Delta deal
▼ + stars: | 2023-03-03 | by ( Allison Lampert | ) www.reuters.com time to read: +2 min

MONTREAL, March 3 (Reuters) - Air Canada (AC.TO) pilots are pressing for higher pay in the run-up to fresh contract talks, following recent gains secured by pilots at U.S. carrier Delta Air Lines (DAL.N), union representatives told Reuters. Delta's latest hourly pay rates are up to 45% higher than current Air Canada hourly pay rates, the Air Canada Pilots Association (ACPA) said in an email. Air Canada pilots have received a 2% wage increase per year, since 2014, said ACPA, which represents about 4,500 pilots. ACPA is in talks to possibly join the Air Line Pilots Association (ALPA), the world's largest pilots' union, representing more than 60,000 pilots in the United States and Canada. Air Canada, which expects to return to 2019 levels of capacity next year, is also facing cost pressures.

☆ Delta pilots are getting a massive raise as airlines battle a persistent labor shortage
▼ + stars: | 2023-03-02 | by ( Bianca Giacobone | ) www.businessinsider.com time to read: +3 min

Delta is one of the first major airlines to reach a new agreement with its pilots since the pandemic. On March 1, Delta pilots approved a new contract that includes a 34% raise for the company's 15,000 pilots over four years, the airline and pilots' union said. In November, American Airlines' pilots rejected a contract including a 19% raise over four years, while United pilots rejected a 15% raise around the same time. American Airlines said the deal could "profoundly" change the industry, according to Reuters. The pay raise is part of a trend of airlines doing what they can to solve the much-talked-about pilot shortage.

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