Airlines

Elliott Investment Management has recently disclosed its holdings in Southwest Airlines, shedding light on its stake worth approximately $1.9 billion in the carrier. Alongside this revelation, the investment firm reiterated its call for changes to be made within the top management at Southwest. Elliott’s Demand for Leadership Change In a U.S. Securities and Exchange Commission
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Allegiant Travel Co.’s Sunseeker Resort Charlotte Harbor in Florida is currently experiencing significant financial difficulties. During a recent Q2 earnings call, Allegiant’s executive chairman and outgoing CEO, Maurice Gallagher, disclosed that “all options” are being considered, including the potential sale of the property. The resort is projected to incur a cash loss of around $15
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The Department of Transportation’s Office of Aviation Consumer Protection has initiated an investigation into Delta Airlines’ recent operational crisis. The DOT Secretary, Pete Buttigieg, emphasized the importance of Delta honoring their commitments to customer service and complying with the law. This investigation aims to ensure that Delta’s passengers’ rights are upheld in the wake of
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Cybersecurity firm CrowdStrike has found itself in the middle of a legal battle with Delta Air Lines, following a software update failure on July 19th. This failure led to more than 6,300 cancellations between Delta and its regional subsidiary Endeavour over five days, costing the airline approximately $500 million. Despite Delta’s threat of a lawsuit,
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The recent court filing by Hawaiian Airlines regarding the U.S. Department of Transportation’s rule for airline fee disclosure highlights the potential consequences for the airline industry if this rule is implemented as planned. The declaration from Hawaiian Airlines suggests that the airline would need to cease all traditional GDS sales if it cannot comply with
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In the second quarter of this year, Sabre saw a 1% decline in air bookings in its global distribution system, totaling 76.2 million. However, CEO Kurt Ekert pointed out that despite this overall decrease, corporate bookings actually increased between 2% and 3% compared to the same period last year. This positive trend in corporate travel
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The recent CrowdStrike outage had detrimental effects on Delta Airlines, costing the company a staggering $500 million. CEO Ed Bastian revealed this jaw-dropping figure during an interview on CNBC, highlighting the significant financial implications of the incident. The company had to allocate tens of millions of dollars in compensation to affected customers, in addition to
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The U.S. Department of Transportation Secretary Pete Buttigieg recently issued a stern warning to airlines regarding their compliance with refund requirements. This warning came after the DOT received thousands of customer complaints about airlines potentially misleading travelers about their right to a refund. In a letter addressed to the CEOs of the ten largest U.S.
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The presence of dogs in hotels is becoming a heartwarming trend in the hospitality industry. This trend is not only about creating a pet-friendly environment but also about enhancing the overall guest experience. Training and managing a lobby dog requires careful consideration and expertise. Joel Morales from Castlerock Asset Management and Rauni Kew from the
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