Weekend Business News Roundup January 20, 2024

Weekend Business News Roundup January 20, 2024

More than 250 billionaires and millionaires have signed on to an open letter calling for wealth taxes to pay for public services around the world. “If elected representatives of the world’s leading economies do not take steps to address the dramatic rise of economic inequality, the consequences will continue to be catastrophic,” the letter writes. … Read more

“Travel Tuesday” emerges as a prime day for holiday and winter travel deals

“Travel Tuesday” emerges as a prime day for holiday and winter travel deals

As the holiday shopping frenzy grips the nation, with over 180 million Americans poised to shop from Thanksgiving through Cyber Monday, the travel industry is carving out its niche with “Travel Tuesday.” Travel experts call it the best opportunity to snag holiday travel and winter getaway deals. Travel deals extend beyond Black Friday, continuing into … Read more

Spirit Airlines Kicks Off Black & Yellow Friday with Limited-Time Offers on Flights, Vacation Packages and Free Spirit® Points

Spirit Airlines Kicks Off Black & Yellow Friday with Limited-Time Offers on Flights, Vacation Packages and Free Spirit® Points

Big savings take flight with $20 one-way airfare available HERE MIRAMAR, Fla., Nov. 24, 2023 /PRNewswire/ — Spirit Airlines (NYSE: SAVE) is celebrating an entire weekend of sales today, launching Black & Yellow Friday with flights starting as low as $20* one way. Savvy travelers can take advantage of savings on their entire vacation with new deals … Read more

U.S. Travelers Gain Daily, Low-Fare Flights to Tulum’s New Airport with Spirit Airlines

U.S. Travelers Gain Daily, Low-Fare Flights to Tulum’s New Airport with Spirit Airlines

Nonstop flights from Fort Lauderdale and Orlando begin March 2024 with introductory fares starting at $149 one-way* Spirit photos and video available HERE MIRAMAR, Fla., Oct. 27, 2023 /PRNewswire/ — Mexico’s east coast jewel will soon be only one nonstop flight away for U.S. travelers. Spirit Airlines (NYSE: SAVE) today announced new, nonstop service to Felipe Carrillo Puerto International Airport … Read more

Spirit Airlines Reports Third Quarter 2023 Results

Spirit Airlines Reports Third Quarter 2023 Results

MIRAMAR, Fla., Oct. 26, 2023 /PRNewswire/ — Spirit Airlines, Inc. (“Spirit” or the “Company”) (NYSE: SAVE) today reported third quarter 2023 financial results. Third Quarter 2023 (unaudited)  As Reported  Adjusted1 Total operating revenues $1,258.5 million $1,258.5 million Operating income (loss) $(188.8) million $(178.6) million Operating margin (15.0) % (14.2) % Net income (loss) $(157.6) million $(149.8) million Diluted earnings (loss) per share $(1.44) $(1.37) “Softer demand for our product and … Read more

Southwest, Delta reduce elite status requirements

Southwest, Delta reduce elite status requirements

FILE: A Southwest Airlines passenger plane prepares to take off from Denver International Airport. Robert Alexander/Getty Images In this week’s air travel news, both Delta and Southwest unveiled changes to their loyalty programs that make it easier to achieve top tier status; United says it will revamp its passenger boarding next week; United also gives … Read more

Major airline overhauls frequent-flier program

Major airline overhauls frequent-flier program

A Delta Airlines flight attendant sells food on board an SFO-bound fight in April 2014. Robert Nickelsberg/Getty Images Delta frequent flyers are facing some major changes to the airline’s SkyMiles loyalty program and its Sky Club airport lounge program in the months ahead, and not all of them are positive. Starting Jan. 1 of next … Read more

Pratt & Whitney engine issue adds to airline challenges, Infra News, ET Infra

Pratt & Whitney engine issue adds to airline challenges, Infra News, ET Infra

Representative image Commercial airlines have faced a tricky balancing act this summer, ramping up service to meet torrid travel demand in a period of labor shortages and supply chain constraints. Adding to the challenges: new inspections needed on a class of Airbus planes that may suffer from microscopic “contamination” of metals used to manufacture Pratt … Read more