Alaska closes $1.9 billion acquisition of Hawaiian Airlines

Alaska closes .9 billion acquisition of Hawaiian Airlines

Alaska Airlines closed its $1.9 billion acquisition of Hawaiian Airlines, the companies said Wednesday, a day after the U.S. Department of Transportation blessed the deal on the condition that the carriers maintain the value of their frequently flyer programs and preserve several key routes. The carriers’ merger agreement cleared the U.S. Justice Department’s review last … Read more

Intuitive Machines stock soars after NASA moon satellite contract

Intuitive Machines stock soars after NASA moon satellite contract

Intuitive Machines’ IM-1 mission lander shortly after launching on Feb. 15, 2024. Intuitive Machines Intuitive Machines‘ stock jumped in early trading Wednesday after NASA awarded the lunar-focused company a major contract to build moon data satellites. “This contract marks an inflection point in Intuitive Machines’ leadership in space communications and navigation,” Intuitive Machines CEO Steve … Read more

‘Beetlejuice Beetlejuice’ scares off ‘Transformers’ for third week as box office No. 1

‘Beetlejuice Beetlejuice’ scares off ‘Transformers’ for third week as box office No. 1

LOS ANGELES — It’s a three-peat for “Beetlejuice Beetlejuice.” The Tim Burton legacy sequel to his 1988 horror comedy topped the North American box office charts for the third straight weekend with $26 million in ticket sales, according to studio estimates Sunday. It edged out the animated new release “Transformers: One,” which brought in $25 … Read more

Boeing starts furloughing ‘large number’ of employees amid strike

Boeing starts furloughing ‘large number’ of employees amid strike

Boeing will temporarily furlough thousands of U.S. executives, managers and other staff, citing the ongoing machinist strike as the company races to preserve cash, CEO Kelly Ortberg told employees Wednesday. The furloughs will affect tens of thousands of Boeing employees, a company spokesperson said. The plan came less than a week after Boeing’s more than … Read more

JetBlue to build airport lounges in New York, Boston

JetBlue to build airport lounges in New York, Boston

JetBlue planes at JFK’s Terminal 5 in New York. Leslie Josephs | CNBC JetBlue Airways will open its first airport lounges in its more than two decades of flying, a major shift for the low-cost airline as it chases high-spending travelers. The lounges will open at New York’s John F. Kennedy International Airport late next … Read more