Aerospace and defense industry

Airline stocks tumble as economic concerns overshadow travel surge

An American Eagle aircraft taxis as a Southwest Airlines aircraft lands at Reagan National Airport in Arlington, Virginia, January 24, 2022. Joshua Roberts | Reuters Packed planes. Sky-high airfare. An end to Covid testing for international arrivals. So much is going in airlines’ favor these days – except their share prices. The sector’s latest drop …

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United Airlines will cut 12% of Newark flights in effort to tame delays

A United Airlines passenger airplane is landing on Newark Liberty International Airport in Newark, New Jersey, on January 19, 2022. Tayfun Coskun | Anadolu Agency | Getty Images United Airlines will cut about 50 daily flights from Newark Liberty International Airport next month in an effort to reduce delays that have disrupted travelers’ plans this …

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Even airline employees are having trouble finding a seat home from Europe this summer

International passengers walk through the arrivals area at Terminal 5 at Heathrow Airport on November 26, 2021 in London, England. Leon Neal | Getty Images News | Getty Images Airlines want travelers to fly to Europe this summer. Their employees? Not so much. Carriers are discouraging their staff from using their employee perks for travel …

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Airlines cancel hundreds of weekend flights as storms sweep through Florida

Airlines canceled hundreds of weekend flights and thousands more were delayed as thunderstorms in Florida slowed traffic in one of the country’s top travel destinations during spring break. More than 6,000 US flights were delayed and 1,930 were canceled on Saturday, according to flight-tracking site FlightAware. Disruptions continue on Sunday with nearly 1,540 canceled and …

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Varda signs NASA partnerships for space factory demo flight next year

Varda co-founders Varda Space Industries Early stage Varda Space Industries has signed a pair of agreements with NASA, the company announced Friday, securing access to key technologies the company will need for the first demonstration of its space factory system. Varda’s goal is to develop a new method for manufacturing materials in space, an opportunity …

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Airfares cool as peak summer travel season fades. Now what?

Passengers are seen at the Delta Air Lines check-in counters at Hartsfield-Jackson Atlanta International Airport ahead of the Fourth of July holiday in Atlanta, Georgia, July 1, 2022. Elijah Nouvelage | Reuters Flights, believe it or not, are getting cheaper. Airfares fell a seasonally-adjusted 1.8% from May to June, according to the latest US inflation …

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US flight disruptions finally ease as the holiday weekend winds down

Lighted tunnel in the United Airlines terminal, O’Hare International Airport, Chicago Illinois. Andrew Woodley | Universal Images Group via Getty Images US airline delays eased on Monday as weather improved, a relief for travelers and airlines as the July Fourth holiday weekend comes to an end. As of Monday afternoon, about 1,200 US flights were …

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