Category: Prices (Fares, Fees and Rates)

United Airlines CEO, Rebuffed by American, Says He’s Skeptical of Other Deals

The New York Times – Business:
The chief executive, Scott Kirby, said that buying a smaller airline might not be worth the effort.
U.S. Gas Prices Climb Further as Effects of War Reverberate

The New York Times – Business:
The national average price of a gallon of gasoline hit $4.23, following oil prices upward as supplies from the Middle East remain disrupted.
Loss of Emirates Further Weakens OPEC’s Influence

The New York Times – Business:
The exit of the United Arab Emirates is the most significant in a series of departures from the oil cartel in recent years.
Starbucks Reports Strong Store Traffic and Rise in Quarterly Sales

The New York Times – Business:
The chain’s chief executive credited its turnaround plan for improved U.S. same-store sales, but said higher gas and utility costs were a concern.
What Is OPEC, and How Does the Oil Cartel Influence Petroleum Prices?

The New York Times – Business:
The group of oil-producing countries supplied more than 25 percent of the world’s oil before the war in Iran. Its members have influenced energy markets through the years.
Transition to a New Fed Chair Is Unlikely to Mean Immediate Rate Cuts

The New York Times – Business:
The Federal Reserve is expected to hold interest rates steady this week as Jerome H. Powell presides over what is likely to be his last meeting as chair.
Oil Prices Jump Again as U.S.-Iran Talks Appear Deadlocked

The New York Times – Business:
Investors parsed reports that President Trump told advisers that he was not satisfied with Iran’s latest proposal to reopen the Strait of Hormuz.
The World Needs Natural Gas Now, but the U.S. Is Exporting All It Can

The New York Times – Business:
Even the largest global supplier of liquefied natural gas can’t make up for the shortfall since the war in Iran cut off an important source.
Budget Airlines Ask Trump Administration for Billions as Fuel Costs Rise

The New York Times – Business:
A trade group for the airlines is seeking $2.5 billion to help offset the big jump in jet fuel costs since the start of U.S.-Israeli attacks against Iran.
The Rise of the High-Range, Less Expensive E.V.

The New York Times – Business:
Even as the electric vehicle market slumps, there are more long-range E.V.s under $40,000 than ever before.
The U.S. Started the War. The Rest of the World Is Feeling the Effects.

The New York Times – Business:
In just eight weeks, much of the global economy has been knocked sideways. America has mostly been spared from the tumult.
For the Modern C.E.O., It’s All About Being ‘Resilient’

The New York Times – Business:
The ability to stay calm and lead through any kind of shock is the new normal for corporate executives.