The fate of Spirit Airlines’ merger with fellow budget carrier Frontier Airlines is growing murkier. Spirit this week delayed its shareholder meeting for a third time, opening the door to more talks from both Frontier and rival suitor JetBlue Airways. The latter two delays each came just hours before Spirit shareholders were due to vote … Read more
Photo: Brandon Bell (Getty Images) The price of a tank of gas has been falling since it reached record levels in June, BMW saw its sales drop in the first half of the year, and one European nation experiments with free public transport. All that and more in The Morning Shift for July 8, 2022. … Read more
Travelers at LaGuardia Airport in New York on June 30, 2022. Leslie Josephs | CNBC Airlines canceled nearly 600 flights on Friday and more than 7,600 others arrived late, a tough start to a busy holiday weekend after a messy spring for air travel angered passengers and drew sharp criticism from Washington. The delays included … Read more
Photo: Spencer Platt (Getty Images) There’s another exciting new metric for how expensive cars are getting, Tesla’s global factory logjams are catching up with it and Renault and Nissan need to leave each other already. All that and more in this Friday edition of The Morning Shift for July 1, 2022. 1st Gear: Sign of … Read more
Photo: pixelrain (Shutterstock) I was skeptical of Nordic Walking when I first heard of it. It seemed like a try at commodifying taking a stroll, like, “You’re not really walking until you’re doing it with these expensive walking poles,” but after looking into the research behind it, my mind was changed completely. Nordic walking is … Read more
A person walks by a car dealership on June 10, 2022 in New York City. The Labor Department announced on Monday that consumer prices rose 8.6% last month from a year earlier. Inflation has risen to its highest level in four decades, raising the cost of airfare, hotels, vehicles, gas, and food. Image: Photo By … Read more
Spending cutbacks by the consumer already led to a decrease in Chinese manufacturing orders by US importers of 20-30%, as recently reported by CNBC, and more recent data from US shippers shows the housing market slowdown is now showing up in the Asian supply chain data too. “We are seeing the impact and slowdown across … Read more
While some people may marry that size doesn’t matter, the interior space afforded by today’s Nice Price or No Dice Town Car proves that bigger can sometimes be better. Let’s decide if this classy Lincoln’s price is right-sized as well. We looked at one of Nicholas Cage’s former motorcycles last Friday, a 1999 Ducati ST4 … Read more
DALLAS (AP) — Airlines under scrutiny for widespread flight disruptions are renewing their criticism of the government agency that manages the nation’s airspace, saying that understaffing at the Federal Aviation Administration is “crippling” traffic along the East Coast. Airlines for America, which represents the largest US carriers, said Friday it wants to know FAA’s staffing … Read more
text size A large Carnival cruise ship docked at port in turquoise blue water. Dreamstine Shares of carnival were rising Friday after the cruise line posted second-quarter revenue that rose sharply from the first quarter of 2022. carnival (ticker: CLC ) reported a GAAP loss of $1.61 a share, wider than analysts’ estimates for a … Read more