Cutting flights across 40 major airports during the US government shutdown earlier this year was necessary to protect the safety of the flying public, the head of the US FAA plans to tell lawmakers https://t.co/mig5wegPOV ...

Core Viewpoint - James Dempsey has been appointed as the interim chief executive officer effective immediately [1] Company Summary - The company has made a leadership change with the appointment of James Dempsey as interim CEO [1]

Market Overview - The Dow closed down 41 points, while the NASDAQ fell about half a percent, indicating a lack of significant movement in major indices ahead of important economic data releases [1][2] - The S&P 500 equal-weighted index showed positive performance, suggesting a broader market strength despite the tech sector's decline [3] Sector Performance - The healthcare sector was the top performer, followed by utilities, while technology and energy sectors experienced declines [4] - Defensive sectors showed some strength, indicating a cautious market sentiment as investors await key reports [4] Ford's Strategic Shift - Ford announced a pivot towards gas-powered vehicles, including more trucks and hybrids, while canceling the Lightning EV pickup due to high costs [25][28] - The company plans to convert existing EV plants into truck production facilities and develop a new range-extended EV model with a 700-mile range [25][26] - Ford will also focus on battery storage solutions for grid-scale operators, acquiring battery plants previously in a joint venture with SK [25][26] Financial Implications for Ford - Ford is set to report a $19.5 billion charge related to special items, with $8 billion attributed to EV asset write-downs and $6 billion for restructuring [26][31] - The market reacted positively to Ford's announcement, with a 2% increase in stock price, indicating investor approval of the strategic changes [29][31] Tesla's Market Position - Tesla shares closed near record highs following the launch of a new robo-taxi test in Austin, although analysts view this as an incremental step rather than a significant breakthrough [37][43] - Concerns remain regarding Tesla's high valuation, with the stock trading at over 175 times 2027 EPS estimates, suggesting potential overvaluation [39][41] - The company has faced a decline in domestic sales, particularly after the expiration of the federal EV tax credit, which may impact future performance [41][43] Economic Data Insights - Upcoming economic data includes the November jobs report, with expectations of 50,000 new jobs and a 4.5% unemployment rate, which will influence the Fed's monetary policy [45][46] - Retail sales data is also anticipated, with core retail sales expected to show stronger underlying consumer strength despite a slowdown in headline sales [47]

Barry Biffle, president and chief executive officer Frontier Airlines, prior to a Senate Judiciary Subcommittee on Antitrust, Competition Policy, and Consumer Rights hearing in Washington, DC, US, on Tuesday, Sept. 30, 2025.Frontier Group Holdings, the parent of budget carrier Frontier replaced its CEO, Barry Biffle, with the airline's president, the company said Monday.James Dempsey, the company's president, is taking over as interim CEO effective immediately."Jimmy has been an invaluable member of Frontie ...

DENVER, Dec. 15, 2025 /PRNewswire/ -- Frontier Group Holdings, Inc. (NASDAQ: ULCC) ("Frontier" or the "Company"), parent company of Frontier Airlines, Inc., today announced that James G. Dempsey, currently the Company's President, has been appointed as Interim Chief Executive Officer, effective as of December 15, 2025. Barry L. Biffle, the Company's current Chief Executive Officer, will remain with the Company in an advisory capacity until December 31, 2025. "Jimmy has been an invaluable member of Frontier ...

Over the weekend, rumors that Spirit Airlines would shut down before Monday morning, Dec. 15, came to a head. The low-cost airline had filed for bankruptcy for a second time in August 2025 and is struggling to restructure its finances in a way that will get it on even some semblance of a path toward profit. It recently furloughed or downgraded more than 500 pilots and is expected to post a loss of at least $804 million before the year is over. In speculation that was then quickly picked up by many othe ...

Core Point - A JetBlue passenger jet took evasive action to avoid a mid-air collision with a U.S. Air Force plane near Venezuela [1] Group 1 - The incident involved a JetBlue flight that was en route to New York [1] - The evasive action was confirmed by a pilot in an air traffic control recording [1]

Business leaders are raising the alarm: Meetings have taken over, and real work is being left behind. And Southwest Airlines CEO Bob Jordan is the latest to speak out on the phenomenon—arguing that many leaders mistake constant meetings for leadership. “When you first start, it’s easy to confuse busyness and going to meetings with leadership,” Jordan said last week on a panel of CEOs at the New York Times DealBook Summit. “…Because what we all find, I’m sure, is there’s no time to ‘work,’ and you confuse ...

Passengers were stuck inside aircraft – some upto nine hours – as denser-than-expected fog crippled flight operations at Delhi airport on Monday.As many as 68 flights were cancelled and five others diverted resulting in network-wide delays.Low visibility operational procedures were initiated at Delhi airport on Sunday night. Operations were suspended around 3.30 am. Seven aircraft, including those of Air India, British Airways, Lufthansa, Kuwait Airways, KLM Royal Dutch Airlines and Aeroflot, which had push ...

After my last article about the airline industry, where I broke down why carriers like IAG ( ICAGY ) and SkyWest ( SKYW ) are poised for a record-breaking 2026, I realized that airlinesI write about stocks I’m personally interested in adding to my portfolio. I’m not a professional advisor, but I study business and economics and analyze markets full-time. My writing is meant for both complete beginners — I avoid unnecessary complexity — and advanced readers, as I always aim to offer a distinct and well-reaso ...