The aviation industry has faced a series of safety issues recently, from high-profile incidents like the Boeing 737 Max 9 door plug incident to United Airlines’ safety review with the Federal Aviation Administration. Despite these concerns, airline executives remain confident in the industry’s demand. United Airlines, Delta Air Lines, American Airlines, and Southwest Airlines all
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Boeing, a major aircraft manufacturer, is once again facing criticism over safety and quality concerns following recent incidents. In a Senate hearing, a whistleblower who was a former Boeing engineer made alarming allegations regarding the manufacturer’s practices. The whistleblower, Sam Salehpour, claimed that corners were cut during the production of wide-body jets, potentially compromising safety
Recently, TGI Fridays and Hostmore, the chain’s U.K. franchisee, have announced an all-share deal valued at 177 million pounds, or $220 million. This merger will result in TGI Fridays being publicly traded on the London Stock Exchange under the ticker “TGIF.” The company’s headquarters will remain in Dallas, Texas, for its U.S. and global brand
United Airlines recently announced a significant adjustment to its aircraft-delivery expectations for the year, citing delays from Boeing as the primary reason. The airline now anticipates receiving only 61 new narrow-body planes in the current year, a sharp decline from the original estimate of 101. This decision comes amidst a series of challenges faced by
Boeing recently faced allegations from one of its engineers, Sam Salehpour, who claimed that the company took shortcuts in the production of its 787 Dreamliner and 777 aircraft. Salehpour stated that the assembly of the 787 placed excessive stress on airplane joints, potentially reducing the lifespan of the planes. These serious allegations raised concerns about
Peloton recently made the decision to remove its unlimited free-membership tier on its fitness app, just under a year after its initial launch. The company stated that the initiative was not effectively converting users into paid subscribers, leading to its elimination. This change occurred within the past few weeks, signaling a shift in Peloton’s business
The year 2023 saw a significant resurgence in international air travel, leading to a rise in passenger traffic at airports worldwide. According to the preliminary ranking released by Airports Council International, several major airports experienced a substantial increase in passenger numbers, reflecting the growing popularity of international travel post-pandemic. Dubai International Airport Climbs the Ranks
Goldman Sachs is set to release its first-quarter earnings report before the opening bell on Monday. Wall Street analysts are anticipating earnings of $8.56 per share, with revenue projected to be around $12.92 billion. These numbers come from various sources such as LSEG and StreetAccount. This is crucial information that investors are eagerly awaiting to
While the shift to all-electric vehicles in the United States has been slower than expected, Hawaii has emerged as a key player in the adoption of electric vehicles. According to J.D. Power, Hawaii ranks fifth in overall EV adoption at 11.9% of new retail vehicles sold through February this year. Additionally, Hawaii takes the third
As JPMorgan Chase prepares to announce its first-quarter earnings, expectations are high on Wall Street. Analysts are predicting earnings of $4.11 per share and revenue of $41.85 billion. Net interest income is expected to come in at $23.18 billion, while trading revenue is estimated to reach $5.19 billion for fixed income and $2.57 billion for