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.
The Biden administration wants to ban another type of bank “junk fee," targeting fees that are typically charged by banks when a transaction is declined in real time.
Al Root, senior writer at Barron’s, breaks down everything expected from Tesla’s earnings report, from Elon Musk’s demands from the board to why the market has been looking for affordable EV options.
Online retailer eBay Inc. will cut about 1,000 jobs, or an estimated 9% of its full-time workforce. The announcement follows similar moves by other tech companies that ramped up hiring during the pandemic while people spent more time and money online.
Tony Drake, CFP at Drake and Associates, LLC shares thoughts on whether the record gains in technology will broaden to other sectors, the risks of the Fed keeping interest rates higher for too long, and the health of the U.S. consumer.
The Federal Trade Commission ruled that Intuit engaged in deceptive practices by running ads claiming consumers could file their taxes for free using TurboTax — when many taxpayers did not qualify for such free offerings.
WWE’s weekly television show, “Raw,” will move to Netflix next year as part of a major streaming deal worth more than $5 billion. WWE, which is part of TKO Group Holdings Inc., said Tuesday that “Raw” will air on Netflix starting in January 2025.
