Business

After nearly four years of upheaval caused by the Covid-19 pandemic, the airline industry is slowly finding its footing again. The largest U.S. airlines have managed to return to profitability, and now upstart carriers like Avelo and Breeze Airways are looking to join them. Despite launching in the midst of the pandemic, these two low-cost
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Yum China CEO Joey Wat argues that Chinese consumers have become more rational in recent years, which has led to shifts in spending patterns and preferences. Despite concerns about the broader Chinese economy, Yum China’s sales have been growing, with revenue climbing 19% in the fourth quarter. Wat attributes this growth to the recovery of
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When considering the recent news of Capital One’s $35.3 billion takeover of Discover Financial, JPMorgan Chase CEO Jamie Dimon expressed a lack of concern over the increased competition that would result from this merger. Dimon emphasized the importance of healthy competition in the industry, stating, “My view is, let them compete. Let them try, and
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The trend of airlines increasing their prices for checked bags is becoming more common in the travel industry. United Airlines, American Airlines, and JetBlue Airways are among the carriers that have implemented this change. The cost of checking a bag varies depending on when the service is paid for, with higher fees for last-minute purchases
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The recent achievement of a successful moon landing by Intuitive Machines has caused a significant surge in the company’s stock price. Shares of Intuitive Machines rose by 16% in trading following the historic landing of their Nova-C cargo moon lander, named “Odysseus”. This momentous occasion marked the first time a privately developed spacecraft has landed
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