There May Not Be Enough Planes To Get You To Your Dream Destination. You Can Thank Boeing and Airbus.

While broader inflation heads south, travel costs are heading in the opposite direction. Baggage fees and international airfares are rising across the board, and airline CEOs have a good reason — high fuel and labor expenses. Another limiting factor has been a lack of aircraft deliveries from the dominant aircraft manufacturers, Boeing (NYSE: BA) and…

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Air Travel Faces Long-Term Impact from Failed Spirit-JetBlue Deal

In just two days, the world came crashing down for Spirit investors. On Tuesday, a federal judge blocked JetBlue’s $3.8B merger with Spirit Airlines, siding with antitrust lawyers who argued the tie-up would reduce competition and lead to higher customer fares. This caused Spirit’s stock (NYSE:SAVE) to plummet nearly 50% on Tuesday and another 22%…

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When One Door Closes (on Boeing’s Problems), Another One Opens

How did an Alaska Airlines plane’s exit door blow off mid-flight? Loose bolts. Who’s to blame? That’ll be a contentious debate between aerospace manufacturer Boeing (NYSE:BA) and its supplier Spirit AeroSystems (NYSE:SPR) — which fell 8% and 11% yesterday, respectively. Last Friday, a Boeing 737 MAX 9 was forced to return to the airport after…

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Housing Affordability Puts Short-Term Rentals Under Fire

Visiting New York City? Your Airbnb listing could soon be coming with a mandatory roommate. Today, Local Law 18 goes into effect in NYC, which mandates that rentals under 30 days can’t have more than two paying guests and that the host must be present. Those wanting to list their property must register with the…

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Largest IPO of 2023 Incoming: Arm Wants to be Like Nvidia

Arm, one of the world’s most valuable semiconductor companies, is expected to go public on the Nasdaq next month — seeking a reported $60B-70B valuation. And this one might cost you an arm and maybe even both legs. This is the same company Nvidia (NASDAQ:NVDA) tried to buy in 2021 but was ultimately blocked by…

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American Airlines Goes After the Airfare Loophole Dividing the Travel Industry

Caught skiplagging? Drop your finger weapon and try to cooperate. This travel hack could get you in a bit of trouble. Airfare is finally getting cheaper after last summer’s record — with prices falling 19% in July from the previous year. But according to Nerdwallet, total travel costs are still 12% higher than in July…

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The Fast-Growing Experience Economy and The High Stakes of Luxury Adventures

The bucket list of the wealthy: Seeing the Titanic, traveling to space and walking on Mars. What else you gonna do with all that money? Recent events might have them thinking twice. The missing OceanGate vessel has highlighted the dangers of seeking adventures on the fringe of the earth — but also the fast-growing experience…

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Short Seller Bear Cave Attacks Airbnb; White Knight Comes to Its Defense

Airbnb is one of the few tech/consumer-focused businesses that has remained strong despite a slowing economy. Nearly 15 years after its founding, the $70B rental company continues to grow its sales and profits — but Airbnb’s also had its fair share of problems: Business: Guest horror stories, outrageous fees and competitive pressure from other rental…

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Word of caution in the travel sector

Travel demand has taken off — with travel companies Airbnb and Marriott reporting their strongest recovery since the start of COVID — jumping over 4.7% and 7.7%, respectively, yesterday. But direct competitor Expedia (NASDAQ:EXPE) hasn’t shared in their fortunes — falling 0.5% after reporting worse-than-expected earnings. Rising: Airbnb reported record nights booked in the previous…

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