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Tag: Southwest Airlines

Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., May 15, 2024. REUTERS/Brendan McDermid/File Photo

Wall St unsettled ahead of inflation data, Fed meeting

Wall Street slipped on Monday as wary investors steered clear of risky assets ahead of a key inflation reading and a meeting of the Federal Reserve this week.

Read More Wall St unsettled ahead of inflation data, Fed meeting
U.S. Airline Industry Struggles Through Turbulent Times LOS ANGELES, CA - APRIL 15: A jet comes in for landing at Los Angeles International Airport (LAX) on April 15, 2008 in Los Angeles, California. With skyrocketing fuel prices and a weak economy, US airlines are turning to mergers which could ultimately lead to higher fares through reduced flights and increased market power. US carriers emerged from a five-year slump in 2006 but with $35 billion in losses. In the latest merger move to save profits, Delta Air Lines Inc will buy Northwest Airlines Corp for more than $3 billion, creating the world's biggest airline. Recent profit challenges to the industry have lead to the shutdown of ATA, Skybus, and Aloha Airlines as well as bankruptcy for Frontier Airlines. (Photo by David McNew/Getty Images)

Biden Admin. Sued By Major Airlines Over Fee Disclosure Rules 

Major United States Airlines are suing the Biden Administration and the U.S. Transport Department (USDOT) over a new rule that requires upfront disclosure of airline fees. 

Read More Biden Admin. Sued By Major Airlines Over Fee Disclosure Rules 
A plane takes off as seen from inside the newly completed 1.3 million-square foot $4 billion Delta Airlines Terminal C at LaGuardia Airport in the Queens borough of New York City, New York, U.S., June 1, 2022. REUTERS/Mike Segar/File Photo

Major airlines sue Biden administration over fee disclosure rule

A new rule requiring upfront disclosure of airline fees is the latest clash between air carriers and the Biden administration.

Read More Major airlines sue Biden administration over fee disclosure rule
A Southwest Airlines passenger jet lands at Chicago Midway International Airport in Chicago, Illinois, on December 28, 2022. (Photo by KAMIL KRZACZYNSKI / AFP) (Photo by KAMIL KRZACZYNSKI/AFP via Getty Images)

Southwest Airlines To Lay Off 2,000 Employees, Halt Service At 4 Airports

Southwest Airlines has announced that they will be laying off around 2,000 employees and closing operations at four different airports across the globe. 

Read More Southwest Airlines To Lay Off 2,000 Employees, Halt Service At 4 Airports
SAN FRANCISCO, CA - FEBRUARY 08: Canceled flights due to weather are displayed on a departure monitor at San Francisco International Airport on February 8, 2013 in San Francisco, California. Thousands of flights to the East Coast were canceled as a potentially historic blizzard is set to dump up to three feet of snow in the Northeast from New York City to Boston. (Photo by Justin Sullivan/Getty Images)

Airlines Must Refund Customers With Cash For Canceled, Delayed Flights Under New Federal Rule

A federal rule approved by the Biden administration on Wednesday will now require airlines to give cash refunds quickly and without arguments to passengers whose flights have been canceled or delayed drastically. 

Read More Airlines Must Refund Customers With Cash For Canceled, Delayed Flights Under New Federal Rule
A trader works on the trading floor at the New York Stock Exchange (NYSE) in New York City, U.S., April 5, 2024. REUTERS/Andrew Kelly/File Photo

Wall St gains from megacaps thrust; earnings, Fed comments on tap

Wall Street’s main indexes rose on Wednesday, boosted by megacap growth stocks and as corporate results rolled in.

Read More Wall St gains from megacaps thrust; earnings, Fed comments on tap

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