Recently, Elliott Investment Management made headlines by detailing its significant holdings in Southwest Airlines, amounting to approximately $1.9 billion. The investment firm did not shy away from expressing its dissatisfaction with the current leadership at Southwest, particularly calling for the replacement of CEO Bob Jordan. This bold move sheds light on the precarious situation within
The Boeing factory workers have recently come forward with shocking allegations of being pressured to work too fast and asked to perform tasks for which they were not qualified. The incident involving the blowout of the door plug on an Alaska Airlines jet has further tarnished Boeing’s safety reputation. These revelations were brought to light
Harry Reid Airport in Las Vegas experienced a significant increase in passenger traffic during the first half of 2024. The airport served a total of 28.9 million passengers through June, representing a 2.6% increase from the same period the previous year. This growth trajectory suggests that the airport is on track to surpass its record-breaking
Booking Holdings’ CEO, Glenn Fogel, recently shared the company’s financial results for the second quarter of 2024, highlighting several positive data points. Despite facing a significant fine from a regulator in Spain, the company reported total revenue of $5.9 billion, reflecting a 7% increase year over year. Additionally, gross travel bookings rose to $41.4 billion,
Traveling during the summer season often comes with its fair share of delays and cancellations, causing frustration among passengers. According to experts, high season for flight disruptions typically falls between mid-June and the end of August. This period is characterized by more planes in the skies, frequent bad weather, and increased use of the nation’s
ChainFEST, a popular food festival known for its gourmet twists on classic American fast food dishes, is making its debut on the East Coast at Randall’s Island Park in New York City on Saturday, September 21. This expansion brings the festival to a whole new audience eager to indulge in unique culinary creations. Founded by
Craft beer, once considered a niche industry, has now become a global phenomenon, thanks to the tireless efforts of passionate individuals who have dedicated their lives to the art of brewing. The American Craft Beer Hall of Fame (ACBHOF) is set to recognize and immortalize these pioneers who have shaped the American craft beer landscape
Singapore is set to introduce a new “token-less clearance” program at its Changi Airport, allowing residents to clear immigration using eye and facial biometric processing instead of passports. This marks a significant step in the country’s efforts to modernize and automate its immigration services, ultimately aiming to enhance border security and improve travelers’ experiences. The
CrowdStrike revealed that Delta Air Lines refused onsite assistance during the major outage that led to thousands of flight cancellations last month. This decision by Delta caused significant financial losses amounting to $500 million, including compensation to customers. The airline’s CEO, Ed Bastian, stated on CNBC’s “Squawk Box” that seeking damages is the only option
Allegiant Travel Co.’s Sunseeker Resort Charlotte Harbor in Florida is currently experiencing significant financial challenges. The resort is expected to incur a cash loss of around $15 million this year. The total operating revenues for the property were $16.8 million in the second quarter, with an occupancy rate of only 35% and an average daily
TMC Hospitality, a subsidiary of the TMC Group, has been making waves in the boutique hotel industry since its inception in 2016. Focused on creating unique and engaging experiences for guests, the company introduced the Bode concept in 2018, followed by the launch of the Drift lifestyle brand in 2021. These two brands cater to
In response to the threat of a lawsuit by Delta Air Lines, cybersecurity firm CrowdStrike has pushed back and defended its actions. CrowdStrike claims that it worked tirelessly to assist Delta in restoring impacted systems following the software update failure. The company reached out to Delta within hours of the incident, offering assistance and remediation
In the competitive world of whiskey-making, standing out requires more than just exceptional liquid – it requires a compelling story. The Mary Dowling Whiskey Company seems to have both ingredients in place. Launched in late 2023 as a joint venture between Pernod Ricard and Kaveh Zamanian, the brand pays homage to Mary Dowling, a pioneering
The recent landfall of Hurricane Debby on Florida’s Gulf Coast has had a significant impact on cruise itineraries in the area. Carnival Cruise Line ships out of Tampa and Jacksonville, Florida, have been particularly affected. The Carnival Paradise had to delay its return to the Port of Tampa and is now expected to depart a
In today’s labor market, unemployment rates have been relatively low, but not everyone who wants a job has been able to secure one. The term “NEETs” has been coined to refer to individuals who are “not in employment, education, or training.” These individuals often feel discouraged by their economic standing and as a result, are
United Airlines recently reported a more than 20% increase in its second-quarter profit compared to the previous year. This growth was primarily driven by the strong demand for international travel, which boosted the carrier’s results. However, despite this positive outlook, the carrier’s third-quarter forecast fell short of estimates due to an oversupply of flights that
Kraft Natural Cheese has made a bold move by introducing a brand new line of thick cut restaurant-style cheese called Signature Shreds. This collection, consisting of Cheddar Blend, Mozzarella Blend, and Mexican Blend, is aimed at bringing the luxury dining experience into the home kitchen. Packaged in 8oz reusable bags, these cheeses promise to offer
Allegiant Travel Co.’s Sunseeker Resort Charlotte Harbor in Florida is currently facing significant financial challenges, with the company’s executive chairman and outgoing CEO Maurice Gallagher acknowledging the severity of the situation during a recent Q2 earnings call. Gallagher stated that “all options,” including the potential sale of the property, are being considered as a way