BISV

Frontier plans capacity ramp-up in bet on recession-wary American travelers

CHICAGO, Aug 16 (Reuters) – Frontier Group Holdings Inc (ULCC.O) is targeting capacity growth of up to 20% through the decade, Chief Executive Barry Biffle told Reuters, as the budget airline pushes to take a bigger share of the US leisure travel market from rivals amid a weakening economy. From 2024, the Colorado-based carrier is …

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Transportation M&A nightmare worth the trip

JetBlue Airways aircrafts are pictured at departure gates at John F. Kennedy International Airport in New York June 15, 2013. Register now for FREE unlimited access to Reuters.com Register NEW YORK, Aug 8 (Reuters Breakingviews) – With transportation deals, as in life, it’s not the destination but the journey. Canadian Pacific Railway’s (CP.TO) plan to …

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Analysis: Spirit Airlines winning bidder may need years to recoup price tag

July 12 (Reuters) – The bidding war for Spirit Airlines Inc (SAVE.N) between Frontier Group Holdings Inc (ULCC.O) and JetBlue Airways Corp (JBLU.O) may leave the acquirer taking years to earn back their investment. JetBlue’s latest cash-and-stock bid values ​​Spirit at $ 3.7 billion, while Frontier’s latest cash-and-stock bid, which Spirit recommends its shareholders should …

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US banks finally see upturn in credit-card borrowing

NEW YORK, June 10 (Reuters) – Big US banks including JPMorgan Chase & Co (JPM.N) and Citigroup (CN) appear set for some earnings boost from a pick-up in the battered credit-card business, but a possible recession would pull consumers back and bring losses on outstanding loans. Last week, JPMorgan Chairman and CEO Jamie Dimon warned …

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Inflation begins to strain finances of young, low-income Americans

A shopper wearing a face mask is pictured at a Dollar Tree store in Pasadena, California, US, June 11, 2020. REUTERS / Mario Anzuoni Register now for FREE unlimited access to Reuters.com Register NEW YORK, Aug 1 (Reuters) – As high inflation forces Americans to spend more on gas and bills, young and low-income consumers …

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Factbox: Companies offering abortion travel benefits to US workers

June 29 (Reuters) – A growing number of companies, including JPMorgan Chase & Co (JPM.N), Amazon.com Inc (AMZN.O), Tesla Inc (TSLA.O) and Walt Disney Co (DIS.N) are updating or changing their health insurance policies to offer travel benefits to US employees who may need to access out of state abortion services. The US Supreme Court …

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AmEx raises revenue forecast on surging travel spending

Credit cards of American Express are photographed in this illustration picture March 17, 2016. REUTERS / Kai Pfaffenbach / File Photo Register now for FREE unlimited access to Reuters.com Register July 22 (Reuters) – American Express Co’s (AXP.N) quarterly card spending soared to a record as pandemic-weary travelers shrugged off rising airfare to throng airports, …

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