JHVEPhoto/iStock Editorial via Getty Images Southwest Airlines Co. (NYSE:LUV) and Archer Aviation (NYSE:ACHR) announced on Friday that they have signed a memorandum of understanding. The MOU is to develop operational plans for electric air taxi networks utilizing Archer’s (ACHR) eVTOL aircraft at California airports where Southwest (LUV) operates flights. SouthwestContinue Reading
The S&P500 (SP500) closed in the green on Friday, after an eventful week that saw the arrival of fresh economic data supporting the easing of monetary policy. Besides focusing on the Fed’s monetary policy committee meeting, market participants also digested comments from Fed chair Jerome Powell. For the week, theContinue Reading
Angel Di Bilio/iStock Editorial via Getty Images The board of directors at Southwest Airlines (NYSE:LUV) announced on Wednesday that it has approved the adoption of a limited-duration shareholder rights plan. The rights plan will be triggered if an entity holds a 12.5% economic interest in the company. In addition, theContinue Reading
Ceri Breeze American Airlines (NASDAQ:AAL) announced on Tuesday that it has entered into a conditional purchase agreement with clean aviation innovator ZeroAvia for 100 hydrogen-electric engines. The airline company said the engine purchase was intended to power regional jet aircraft with zero inflight emissions, except for water vapor. In addition,Continue Reading
Wirestock/iStock Editorial via Getty Images Boeing (NYSE:BA) has hit another obstacle in the ongoing investigation of the Alaska Airlines flight 1282 door plug blow-out, with the NTSB sanctioning the airplane maker for statements made at a recent media briefing. The NTSB statement – reported by multiple media outlets – hitContinue Reading
Angel Di Bilio/iStock Editorial via Getty Images Southwest Airlines Co. (NYSE:LUV) fell sharply in premarket trading after the airline carrier provided a business update. The company said its operational performance in Q2 continues to be strong, with minimal cancellations so far. Completion factor quarter-to-date has averaged approximately 99.5%, despite challengingContinue Reading
DaveAlan/iStock Unreleased via Getty Images After two years of bargaining, Alaska Airlines has reached a tentative agreement with a union representing its flight attendants to avoid a potential strike during the busy summer travel season. The agreement caps multiple trade union actions organized by the Association of Flight Attendants overContinue Reading
