Airlines
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Michael O'Leary, Ryanair CEO, explains how his "pay-as-you-go" business model improved the company's profits, and weighs in on the growing competition between low-fare airlines.
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The key is that the Skyrider seats are saddle-shaped and pitched slightly forward, so that the knees of long-legged people start to fit under the seat in front of them. .
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The company has partnered with Antonov to turn the AN-70 cargo plane into a tanker which will cost millions less to build, and potentially billions less to maintain, than tankers being offered by Boeing and EADS.
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"Ryanair would benefit by saving millions of euros in salary, benefits and stock options," Captain Morgan Fischer, who trains other pilots at Ryanair’s Marseilles base, told the Financial Times.
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An Italian company called Aviointeriors, which manufactures commercial airline seats, is debuting the SkyRider, a seat with "a 23-inch pitch or less". That means there's 23 inches from your seatback to the one in front of you—at least eight inches shorter than most conventional economy class seats.
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The M&A trend has hit agriculture, technology and pharmaceuticals, so what's the next sector to get caught in the "urge to merge?"
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Flaws in flight simulator training helped trigger some of the worst airline accidents in the past decade, according to a USA TODAY analysis of federal accident records.
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Medical tourism, family travel and international migration have combined to import a potent new form of antibiotic resistance halfway around the planet—and the physician-researchers who have tracked its rapid spread say it is already on the verge of becoming untreatable.
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I know he (allegedly) committed a crime. Yes, he cursed on a loudspeaker in front of children. True, he reportedly lists "recovery" as one of his Facebook interests but grabbed two beers on his way out. I love Steven Slater.
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Move over Susan Boyle and David at Dentist, there's a new Internet sensation in town — Jet Blue Flight attendant (sorry, former flight attendant) Steven Slater!
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A JetBlue flight attendant apparently upset with an uncooperative passenger on a just-landed flight unleashed a profanity-laden tirade on the public-address system, pulled the emergency-exit chute, slid off the plane and fled Kennedy International Airport, a law enforcement official said.
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The corporate traveler is back, but high airfares are continuing to constrain consumer travel, according to Orbitz Worldwide President and CEO Barney Harford.
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Find some of their most debatable choices in this slide show—and Cramer's opinion on them, of course—which includes the CEOs of Nokia, Johnson & Johnson, Massey Energy, Blackstone Group, WellPoint and more.
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The company launched "Too Cheap to Advertise", an online campaign where it solicited 30-second commercials from the public (for free!) in exchange for $50,000 in free travel (no cash upfront!). "Cheap is an attitude," the company says, adding that customers embrace it, "so who better to create a commercial?"
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Southwest Airlines reported record revenue and earnings growth Thursday and all signs point to continued growth for the low-cost airline, Gary Kelly, chairman and CEO said on CNBC Thursday.
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Here's what analysts and others say they're watching before the bell Wednesday.
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The global economy will steer clear of a double dip recession, said Richard Branson, founder of the UK's Virgin Group, adding that he believes the "world is getting back on its feet."
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The Farnborough International Airshow saw the giants of the aerospace industry back on fighting form with Boeing and Airbus receiving major orders, but the threat of military spending cuts loomed large on the horizon.
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The future of the aviation industry has an Asian face, industry watchers say – and it is changing fast thanks to the rapid growth in passengers in the region that is creating strong demand for aircraft.
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The Farnborough International Airshow in the UK runs from July-25 and alternates each year with Paris as the premier European trade and display air show.
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Say it together now: stocks are not bonds. You don't buy them purely for income. But if you must, there is one name that's titillating my inner yield hog. If you're looking to double down on dividends, my call-to-action is to consider Public Storage, and here's why: