David Paul Morris | Bloomberg | Getty Images UPS workers have unanimously ratified a five-year labor contract that brings significant wage increases and various enhancements to work rules and schedules, as announced by the International Brotherhood of Teamsters on Tuesday. The contract vote received an 86.3% approval, marking the highest ever recorded in Teamsters history …
An American Airlines plane takes off from the Miami International Airport on May 02, 2023 in Miami, Florida. Joe Raedle | Getty Images American Airlines pilots have successfully ratified an enhanced labor deal, solidifying an agreement with the airline’s highest-paid work group. This makes American Airlines the second major U.S. airline to secure a new …
Shoppers visiting Brickell City Centre in Miami, Florida on June 14, 2023, may have noticed a shift in the way companies are offering customer rewards. Airlines, retailers, and even companies like Dunkin’ and Sephora have become stingier with their perks, making it harder for customers to earn elite status, tightening return policies, and cracking down …
Women are captured in a delightful photograph, holding ice cream as they bask in the scorching heat at the Trevi Fountain in Rome, Italy. This image serves as a reminder that Europe is in the midst of a sweltering heat wave that has prompted a surge in bookings for international travel. As a result, airlines, …
Scott Olson | Getty Images The Covid-19 pandemic provided a boost to U.S. airlines with sky-high airfare. However, airline executives are now witnessing a decrease in domestic fares as carriers expand their schedules and customers choose trips abroad instead of popular destinations that were closer during the pandemic. Related investing news Southwest Airlines, Alaska Airlines …
American Airlines plane Silas Stein | picture alliance | Getty Images American Airlines pilots’ union announced on Thursday that they have agreed to an improved offer for a new labor contract. This comes less than two weeks after a more lucrative deal at United Airlines disrupted the voting process at American. The revised preliminary agreement …
A Pratt & Whitney PW1000G turbofan engine sits on the wing of an Airbus A320neo aircraft during a delivery ceremony outside the Airbus Group SE factory in Hamburg, Germany, on Friday, Feb. 12, 2016. Bloomberg | Krisztian Bocsi Shares of RTX dropped by 10% on Tuesday following the announcement by the aerospace giant that it …
An American Airlines plane takes off from Miami International Airport on May 2, 2023, in Miami, Florida. Joe Raedle | Getty Images American Airlines has increased its offer for a new pilot contract by over $1 billion to match the preliminary agreement reached last week between rival United Airlines and their pilots. The updated offer …
An American Airlines 777 is loaded with cargo at Philadelphia International Airport. Leslie Josephs/CNBC Airlines’ cargo revenue is experiencing a slump, which is actually a positive sign for the recovery of the travel industry. Delta, United, and American have reported year-over-year declines of approximately 40% in their second-quarter cargo revenue. In the first half of …
A United Airlines airplane soars through the skies of New York City, passing by iconic landmarks like the Empire State Building and One Vanderbilt, as it prepares to land at Newark Liberty International Airport in New Jersey. (Photo by Gary Hershorn | Corbis News | Getty Images) United Airlines, one of the major players in …