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...Helane Becker, analyst at TD Cowen, said Boeing’s delivery delays plus the grounding of planes powered by defective Pratt & Whitney geared turbofan engines, could combine with strong demand for air travel...
...Industry-wide ASK has shrunk 5.6 per cent over the same period as many carriers retrenched during the pandemic, according to the International Air Transport Association....
...Some 4.7bn people are expected to take to the skies in 2024, according to the International Air Transport Association. That is 200mn more than the pre-pandemic high set in 2019....
...The shake-up was “a partial step towards changing [Boeing’s] culture to underscore safety and rebuild investor confidence”, said TD Cowen analyst Cai von Rumohr in a note....
...“These are extraordinary concessions by Visa, Mastercard and the banks,” said Jaret Seiberg, an analyst at brokerage TD Cowen, who added that the settlement could represent a threat to credit card rewards...
Carriers have come to rely on check-in charges as a source of revenue but face new disclosure rules
...SAP’s announcement “does go to show this is not a net job loss; it’s more of a reskilling”, said TD Cowen analyst Derrick Wood....
Approach for Aloha state carrier seems timed to gain from a rally in the currency but there are factors working against that too
A tie-up with Frontier might be the cleanest way forward
Dara Khosrowshahi became entitled to award after meeting targets set before ride-hailing group’s IPO
Collapse in would-be buyer’s share price suggests the market thinks this deal will stay grounded
...The report came hot on the heels of another spoofing decision in the same New York courthouse, in a civil case brought by Bermudian hedge fund Harrington against Bank of America Merrill Lynch, CIBC and TD...
It would be better to look at ecommerce giant Amazon and the scale of its third-party shipping service
...Technical specialists from the National Transportation Safety Board, the independent US government agency responsible for investigating civil transport accidents, will be poring over every inch of the door...
...Berkshire, whose related interests include car insurer Geico and dealership Berkshire Hathaway Automotive, was regarded as a vote of confidence in the US economy and more particularly in the traditional transport...
Delivery group returns to policy of employees being back in the office five days a week
Aircraft manufacturer has been under scrutiny after crashes involving variants of the plane in 2018 and 2019
...Is urban transport really winner-take-most? Until we see more evidence, we’ll continue to see Uber as a fast growing, moderately profitable transport company....
...backyard of a Portland resident on Sunday night, according to Jennifer Homendy, chair of the National Transportation Safety Board, the independent US government agency responsible for investigating civil transport...
Rental pioneer is fastest ever to reach a ‘unicorn’ valuation above $1bn
...“There’s been some frustration from the existing shareholder base who have owned Endeavor since the IPO,” said Stephen Glagola, an analyst at TD Cowen....
US carriers spell out hit to profits from ‘unacceptable’ Max 9 groundings and delivery delays
Shares of ultra-low cost carrier fall by about half after ruling
Preliminary report by NTSB finds part that detached had been removed at Washington factory
US transportation secretary Pete Buttigieg says he has spoken with chief executive following 737 Max door panel mishap
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