White House adviser Kevin Hassett warns the ongoing government shutdown could severely impact the airline industry and U.S. GDP growth. With disruptions expected to worsen, how will this affect the economy?
In a bid to alleviate pressure on air traffic controllers during the prolonged government shutdown, the Trump administration has announced a 10% reduction in flight traffic across 40 busy airports. What does this mean for travelers?
In a significant move due to the ongoing government shutdown, U.S. officials announced a 10% reduction in air traffic across 40 major markets. This decision aims to alleviate pressure on air traffic controllers who are facing fatigue from working without pay. Travelers can expect significant changes to their flight schedules as airlines scramble to adapt.
Boeing has received FAA approval to ramp up 737 Max production to 42 jets monthly, marking a significant turnaround for the company after years of challenges and scrutiny. This move comes as Boeing aims to stabilize and boost its output amidst past safety concerns.
In a memo to staff, Spirit Airlines CEO Dave Davis revealed plans for significant job cuts and a 25% reduction in flight capacity for 2024, following the airline's second bankruptcy. With negotiations underway and rising costs, the airline aims to stabilize its operations amid increasing competition.
In a heated exchange at the Skift Global Forum, Frontier Airlines CEO Barry Biffle defended his airline's discount model against United's Scott Kirby, who claimed it is dying. Biffle highlighted Frontier's lower costs and customer focus amid rising competition and operational challenges.
The FAA is proposing a hefty $3.1 million fine against Boeing for serious safety violations, including a midflight incident involving an Alaska Airlines jet. Discover the details behind this significant penalty and Boeing's response.
Spirit Aviation Holdings Inc. has filed for bankruptcy for the second time in a year, indicating a critical juncture for the low-cost carrier as it navigates challenges in fleet management and market volatility.
Spirit Airlines has filed for bankruptcy protection just months after emerging from Chapter 11. Despite the setback, the airline assures passengers can still book flights and use loyalty points during the restructuring. Union leaders warn employees to prepare for potential challenges ahead.
In a shocking turn of events, Spirit Aviation Holdings Inc. has filed for Chapter 11 bankruptcy for the second time in less than a year. With assets and liabilities ranging from $1 billion to $10 billion, the airline struggles to recover amidst ongoing negotiations with major stakeholders.