As the U.S. inches closer to the summer traveling season, the Federal Aviation Administration is looking to avoid another season of mass delays.
A shortage in air traffic controllers and overall staffing at airports caused multiple travel delays since the early days of the pandemic. As a fix, the FAA is implementing a few guidelines it hopes will make flying a bit more seamless.
In New York City and Washington, DC, airlines will have reduced flight slot requirements during takeoffs and landings in an effort to cut down congestion. Slots provide airlines the right to enter and exit specific airports at designated times.
Despite the plan, the agency said it still expects the rate of delays to jump 45 percent from 2022.
The FAA is also leaning on airlines to help navigate the delay issue and will host a brainstorming summit.
Delta Airlines said it supports the agency's efforts to clear up congestion at airports.
"Delta is reviewing our network to ensure the best customer experience throughout the summer travel season, and we are committed to working with the FAA on measures to ensure the safety and efficiency of operations at the NY/NJ airports," the airlines stated according to CNBC.
Seth Schachner, Managing Director at StratAmericas, weighs in on Spotify earnings and why that headline-grabbing deal with Joe Rogan could be worth that $250 million.
Mitch Roschelle, Managing Director at Madison Ventures, shares why investors may be waiting longer than expected for those interest rate cuts, and why he’s watching tech, oil, and homebuilder stocks.
Amazon saw 24% growth in their Thursday Night Football audience in 2023. Subscribers will be rewarded with even more sports, but not without enduring more ads — unless they pay extra, of course.
Low unemployment + 350 thousand new jobs in January = ...more layoffs? A bunch of tech and retail companies have laid and are laying off employees after a nationwide hiring surge during the pandemic.
The most magical place on Earth wants a protective order to keep Gov. Ron DeSantis' appointees from knowing how the magic happens. A federal judge dismissed a separate Disney lawsuit last week.
Just days before the 49ers and Chiefs play in Las Vegas, Joe Pompliano, Investor at Pomp Investments and author of the Huddle Up Newsletter, discusses why he thinks this could be the most-watched Super Bowl in history.
Chris Versace of Tematica Research LLC shares his thoughts on Jerome Powell's latest comments, the timing of those crucial rate cuts, and what semiconductor stocks he's watching closely.