Latest news with #AlaskaAir
Yahoo
03-06-2025
- Business
- Yahoo
Alaska Airlines reveals its first European destination
Alaska Airlines is making its first foray into the European travel market, announcing Tuesday it will launch new flights to and from Rome, Italy, beginning in May 2026. The introduction of the new route marks the first time travelers will be able to fly nonstop from the airline's hub in Seattle, Washington, to Italy on any airline, according to Alaska Air. Customers will fly on Boeing 787-9 aircraft the carrier obtained when it merged with Hawaiian Airlines in 2023. The new route is part of Alaska Air's push to expand its global reach. The airline intends to serve 12 global destinations on multiple continents by 2030, CEO Ben Minicucci told CBS News last month. Alaska Air will operate four weekly flights to Rome traveling in each direction. Flights to Rome will leave Seattle at 6 p.m. on Monday, Wednesday, Friday and Sunday, arriving in the Italian capital at 1:45 p.m. local time the next day. Flights from Rome to Seattle will depart Italy at 3:45 p.m. on Monday, Tuesday, Thursday and Saturday, arriving in Seattle at 6 p.m. Tickets will go on sale beginning in the fall. The airline said it selected Rome as its first European destination because it's one of the "most-requested" destinations among its reward members. January 6 defendant refuses Trump's pardon New developments in search for Madeleine McCann, who went missing over 18 years ago Everything we know about the Boulder attack on Israeli hostage march
CNN
23-05-2025
- Business
- CNN
Boeing to pay $1.1 billion as part of deal to settle 737 Max crash cases with DOJ
The US Department of Justice said Friday that it struck a deal with aircraft maker Boeing to avoid prosecution of the company over two fatal crashes of the 737 Max, according to a Friday court filing in the case. The filing makes official a proposal publicly reported last week, though a judge will still have to approve the deal for it to go into effect. As part of proposed deal, called a non-prosecution agreement, Boeing will pay more than $1.1 billion in fines, commitments to strengthen safety and compliance programs, and payments for the crash victims' families, a DOJ spokesperson said. 'The Agreement guarantees further accountability and substantial benefits from Boeing immediately, while avoiding the uncertainty and litigation risk presented by proceeding to trial,' the department wrote in a court filing. If approved, the agreement will end a long and tumultuous case against the aviation company. Boeing first faced fraud charges over its alleged deception to the Federal Aviation Administration during the initial certification process for the 737 Max jets. The DOJ and Boeing then entered a 'deferred prosecution' settlement on the same charges that could have relieved it of ever facing criminal prosecution. But in January 2024, days before a three-year probationary period on that original agreement ended, a door plug blew out of the side of a 737 Max flown by Alaska Air. While no one was killed in that incident, it opened the door for the Justice Department to again resume prosecution of the company. Boeing agreed to plead guilty to the charges in July, but the federal judge hearing the case rejected the guilty plea, not because it was too lenient, or too harsh, but because he had problems with how the independent monitor would be selected. Attorneys for the victims' families spoke out against the proposed agreement, with one saying last week that the deal is 'morally repugnant. It is a slap on the wrist. And it feels like a bribe.' A DOJ spokesperson said Friday that they 'met extensively with the crash victims' families' when considering the deal, and that 'they hold a broad set of views regarding the resolution, ranging from support to disagreement.' 'Nothing will diminish the victims' losses, but this resolution holds Boeing financially accountable, provides finality and compensation for the families and makes an impact for the safety of future air travelers,' the spokesperson said.
CNBC
29-04-2025
- Business
- CNBC
Lightning Round: Alaska Airlines could still go lower, says Jim Cramer
'Mad Money' host Jim Cramer weighs in on stocks including: Alaska Air, Kimberly-Clark, CrowdStrike, Dillard's, and Nextracker.
CNBC
29-04-2025
- Business
- CNBC
Cramer's Lightning Round: CrowdStrike is 'terrific' for the long term
Alaska Air: "It's really well-run, so don't take this the wrong way, but the airlines are wrong to own right here because people think we're going into a travel recession. I think it can still go lower." Kimberly-Clark: "...They did not make the quarter. I was a little bummed out. Let's wait 'til it goes lower." CrowdStrike: "I think for the long term, it's terrific. We had to take some profits the other day, too, because it just got too big." Dillard's: "...You're going to be struggling to make money in an other retailer other than Costco. I don't think Dillard's is a place to be." Nextracker: "This is technology all made in America. So. I think you're ok. Not great, not bad." Click here to download Jim Cramer's Guide to Investing at no cost to help you build long-term wealth and invest The CNBC Investing Club Charitable Trust holds shares of CrowdStrike.
Reuters
25-04-2025
- Business
- Reuters
Tariff turmoil puts premium on economic oddities
NEW YORK, April 25 (Reuters Breakingviews) - Erratic times call for quirky economic indicators. The White House's helter-skelter trade policy and U.S. government shakeup are making some of the conventional metrics tracked by investors less useful. In past crises, oddities like the Baltic Dry Index and coronavirus infection rates proved to be useful, but each era requires its own dashboard. This one is revisiting underwear and lipstick while adding rush-hour traffic and Canadian tourists. Central bankers and money managers have periodically studied everything from hemlines to Big Macs alongside unemployment and GDP growth to seek an edge in understanding economic trends. This week, the aviation industry attracted attention far beyond the usual plane-spotters. American Airlines (AAL.O), opens new tab and Alaska Air (ALK.N), opens new tab warned of softening travel, helping corroborate daily, opens new tab U.S. Transportation Security Administration updates on airport security figures. Extra insights come from various travel warnings following U.S. visitor detentions and declining numbers of Canadians driving home from their southerly neighbor. Real-time monitoring of metropolitan congestion tells another part of the story. During a recession, fewer people take cars to work and speed up trips for those who do. At peak times in places like Houston, opens new tab and Chicago, however, roads remain more clogged than usual, according to mapping technology developer TomTom. Similarly, a job postings barometer, opens new tab from Indeed indicates a slowdown, but nothing severe. And the Waste Paper Composite Index, opens new tab doesn't show signs of strain on the recycled paper market that often portend an economic slump. Google Trends, which tracks what users are exploring, has potentially more ominous results. Inquiries for 'recession' are rising fast, but even more alarming is the growing hunt for ' supply chain, opens new tab.' It's the sort of term typically reserved for logistics mangers and investing wonks, and the only time there was more web searches on the subject was October 2021. Then, ports were clogged with goods when an ebbing Covid-19 ignited trade and economic activity. Today's trade wars might have the opposite effect. Two popular alternative data points are also back in vogue. Women have spent more on makeup during hard times since the Great Depression, opens new tab, even as they save money elsewhere. Cosmetics magnate Leonard Lauder coined the 'lipstick index' to crystallize the idea that cheap luxuries make people feel better. The pandemic proved an exception because of the protective masks everyone was wearing, but it should be a reliable gauge again. Boxers and briefs can hold economic crystal balls, too, and were a targeted sales measure watched closely by former Federal Reserve Chairman Alan Greenspan. When times get tough, men are more inclined to make do with threadbare skivvies. To better understand unconventional cycles, it pays to look in strange places. For more insights like these, click here, opens new tab to try Breakingviews for free. Editing by Jeffrey Goldfarb and Pranav Kiran Breakingviews Reuters Breakingviews is the world's leading source of agenda-setting financial insight. As the Reuters brand for financial commentary, we dissect the big business and economic stories as they break around the world every day. A global team of about 30 correspondents in New York, London, Hong Kong and other major cities provides expert analysis in real time. Sign up for a free trial of our full service at and follow us on Twitter @Breakingviews and at All opinions expressed are those of the authors.
