As United Names New Chair, a Reminder Why CEO Was Passed Over
United Continental has named Jane Garvey as its board chair. CEO Oscar Munoz did not get the job, although it had been his to lose.
Transportation
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GE to Receive $11 Billion for Its Transportation Business
General Electric has struck a deal with Wabtec to merge the conglomerate's transportation division into a new subsidiary of Wabtec in exchange for $2.9 billion in cash in a deal valued at more than…
Electric Buses to Fuel EV Boom
A new report from Bloomberg New Energy Finance forecasts electric vehicle sales to rise even faster than the analysts forecast last summer due to massive growth in sales of electric buses.
Airline Profits Rose Nearly 11% in 2017, Baggage Fees Up 45%
U.S. airlines posted a fifth straight profitable year in 2017 with an after-tax total of $15.5 billion up nearly 11% year over year. Baggage fees added $4.6 billion to 2017 profits.
If Sprint-T-Mobile Merger Is Approved, These 2 Companies May Be Acquired Next
In a fascinating research note, Stifel makes the case that if approval for the telecom deal does indeed happen, it could be a total game changer for an entirely different sector.
Americans’ Satisfaction With Air Travel Falls
U.S. airlines have dropped in customer satisfaction according to the latest survey from the American Customer Satisfaction Index. Only three of 45 industries are less popular.
United Airlines Earnings Overcome Higher Fuel Costs
United Continental reported better-than-expected profits and revenues after markets closed Tuesday. Higher fuel costs pushed expenses up.
How Self-Driving Trucks Will Take Over Truck Driving Jobs
It's been suggested that as many as 3.1 million U.S. truck driving jobs (all sizes, not just big rigs) are at risk from self-driving trucks. That's about 2% of all U.S. jobs.
How Delta Earnings, Guidance Are Boosting Airline Stocks
Delta Air Lines beat analysts' estimates on both the top and bottom line for the first quarter of 2018. Guidance for the second quarter is also solid.
US Airline Quality Study Puts Alaska Airlines on Top
The 28th edition of an annual survey of airline performance was published Monday. Alaska Airlines has maintained its top ranking for a second year running.
Singapore Airlines Tops World Ranking; Southwest Top US Carrier
Based on passenger reviews received over the past year, TripAdvisor has named Singapore Airlines as the world's best and Southwest Airlines as the best North American airline.
America’s Best Airlines in 2018
Consumer interest website WalletHub has published its ranking of 9 U.S. airlines. The top-ranked airline is the same as last year, but its score dropped significantly. Is air travel in a race to the…
Time for United Continental Board to Fire CEO Munoz After He Steals Sand
The longer the board of United Continental keeps CEO Oscar Munoz, the more questionable its judgment on behalf of shareholders and employees becomes.
FedEx Reserves 20 Tesla All-Electric Semis
Package carrier FedEx announced Monday that it has reserved 20 all-electric semis from Tesla. The new big rigs are scheduled to begin production sometime next year.
Airlines Fight for Less Transparency on Fees
After successfully killing a proposed regulation that would have required airlines to disclose all the fees they charge, the industry is now trying to make it even more difficult to find out how much…