Higher fuel prices and lower demand for international flights are eating into airlines’ profits.
Category: Shutdowns (Institutional)
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Airline Stocks Tumble as Iran War Expands Across Middle East
The New York Times – Business: -
T.S.A. Workers Brace for Another Shutdown They Didn’t Cause
The New York Times – Business:As Congress leaves town without funding their department, airport security officers wonder, “How many more times am I going to be able to do this?”
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Trump’s Actions Test the Fragile World of Air Travel
The New York Times – Business:Last-minute announcements and abrupt changes by the Trump administration have caused confusion in an already strained U.S. aviation system.
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Another Government Shutdown? Here’s What Travelers Should Know.
The New York Times – Business:It was not immediately clear whether passengers would face delays at airport security checkpoints in the coming days if a government shutdown does occur.
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Laid-Off Battery Plant Workers Pin Blame on Ford, not Trump, for Lost Jobs
The New York Times – Business:Ford Motor shut down a battery factory and laid off 1,600 workers after President Trump and Republicans gutted government support for electric vehicles.
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Ford Will Make a Play for a Different Battery Market
The New York Times – Business:The company, long focused on cars and trucks, plans to begin manufacturing large batteries used by utilities, data centers, other businesses and homeowners.
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U.N. Says It’s in Danger of Financial Collapse Because of Members’ Unpaid Dues
The world body warned it would run out of money by July and have to close its New York headquarters if countries, namely the United States, did not pay annual dues that amount to billions of dollars.
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Pittsburgh Post-Gazette Announces It Will Cease Operations
The family-owned company that operates the newspaper cited mounting losses and labor constraints. A final edition is expected on Sunday, May 3.
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Airlines Are Canceling Flights After U.S. Closes Airspace Over the Caribbean
The Federal Aviation Administration cited “safety-of-flight risks” in restricting the U.S.-controlled airspace as a result of the military operation in Venezuela.
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Volkswagen to End Production at German Plant, a First in Company History
The auto giant stopped making cars at the plant in Dresden, which opened in 2001, as it faces weaker demand and steep U.S. tariffs.
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National Park Service Will Close All Grand Canyon Hotels for Water Line Repairs
The National Park Service said seven hotels would temporarily close starting on Saturday after “significant breaks” in a crucial 12.5-mile water line.