Amid the euphoria following what appeared to be the first sign of slowing inflation, stocks staged a broad rally on Aug. 10, with dozens of large-cap stocks rising 5% or more. Those included several tech names that investors loved during the early stages of the coronvirus pandemic, along with cruise lines, credit-card lenders and chip-related … Read more
Fluxfactory | E+ | Getty Images Travelers saw prices fall for big-ticket pieces of their vacation budgets in July, offering at least a temporary reprieve after soaring costs earlier this year. Airfares fell nearly 8% from June to July, while prices for rental cars and lodging such as hotels declined 9.5% and about 3%, respectively, … Read more
Americans are notorious for not taking a break. The average US worker took less than 12 days of vacation in 2021 — six fewer than the global average — according to Expedia’s latest Vacation Deprivation study of 14,500 working adults across 16 countries. Yet an overwhelming majority of workers say taking vacations makes them feel … Read more
Passengers wait in line at the Spirit Airlines check-in counter at Orlando International Airport. Paul Hennessy | LightRocket | Getty Images Spirit Airlines resigned this week and agreed to sell itself to JetBlue Airways for $3.8 billion, hours after breaking off a merger agreement with Frontier Airlines that failed to win enough shareholder support. The … Read more
The airline industry, as well as the world at large, was grounded once covid hit in March of 2020. Eventually some flights were available in 2020 with enhanced safety precautions, but relatively few people felt like taking the risk. So it was no surprise when the International Air Transport Association confirmed that 2020 was the … Read more
(CNN) — If you’ve heard a sonic boom recently, you probably remember it. The loud, explosion-like bang — caused by a plane flying faster than the speed of sound — can be startling, and even crack windows. Sonic booms are part of the reason why there are no supersonic passenger planes flying today, and one … Read more
I will remember December 23, 2016 for the rest of my life. It was my last day working a full-time job. My wife and I retired early at 33 and 35, respectively, after accumulating $870,000 working in information technology. With the help of the market, our net worth increased to $1 million shortly after. I … Read more
(CNN) — Anyone who’s been to an airport recently can see that demand for travel is back in a big way. What’s not back with a vengeance are the resources needed to handle the crush of air travelers. Add summer weather to staffing issues at airports and airlines and you have a perfect storm of … Read more
One of the ways that the sector is seeking to replace conventional fossil jet fuel is by exploring the use of sustainable aviation fuels, or SAF. Justin Tallis | Afp | Getty Images FARNBOROUGH, England – Airline executives at Britain’s Farnborough International Airshow are betting on the use of so-called sustainable aviation fuels to reduce … Read more
The Centers for Disease Control and Prevention kept Royal Caribbean (Rd) – Get Royal Caribbean Group ReportCarnival Cruise Lines (CCI) – Get Carnival Corporation ReportNorwegian Cruise Line (NCLH) – Get Norwegian Cruise Line Holdings Ltd. Report and every other cruise line from sailing from ports in the US from March 2020 through July 2021. And … Read more
