It looks like JetBlue’s new strategy that emphasizes cutting unprofitable routes and bolstering leisure capacity in the East Coast is continuing to pay off.
The furloughs were part of an attempt to cut costs as Spirit’s revenues have sharply declined over the past few years. However, the carrier still has more hurdles to overcome — including a staggering $1.1 billion in debt that’s set to mature in a year.
Elliott is amping up the pressure on Southwest. Now that it's crossed the threshold in owning 10% of the carrier's common stock shares, the hedge fund could call a special meeting to force a vote on whether to oust Southwest CEO Bob Jordan and chairman Gary Kelly.
United’s issue is its multiple business agreements with Hawaiian — including one on loyalty. Alaska CEO Ben Minicucci has previously said he envisions a loyalty program that would house the two brands if the merger is approved.
As ultra-low-cost carriers like Spirit and Frontier falter, Sun Country has been able to routinely stand out as one of the most profitable airlines in the U.S.
In the latest tit-for-tat between Delta, CrowdStrike and Microsoft, Delta is claiming that CrowdStrike’s offer of onsite assistance came after it restored most of its critical systems.
NTSB Chair Jennifer Homendy’s comments come as the agency is hosting a two-day long series of hearings over what happened in the lead-up to the Alaska Airlines January 5 accident.