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 plans would include nearly 20,000 homes initially for 50,000 residents and could grow to 400,000 people.
In an annual assessment of global inequalities, Oxfam International said the first trillionaire could emerge within the next decade — as the anti-poverty organization pointed to the growing wealth gap that skyrocketed globally during the pandemic.
The Biden administration proposed a cost drop for overdrawing bank accounts, which it says could particularly relieve Americans living paycheck to paycheck.
With thousands of layoffs in tech and beyond, how workers can keep their skills sharp, plus reasons to be hopeful when looking at the job market.
Taking a look at investment strategy as the new year gets into full swing.
Americans stepped up their spending in December more than expected, closing out the holiday season and the year on an upbeat tone. The Commerce Department said retail sales rose 0.6% in December compared with a November’s 0.3% increase.
A New York architect charged in a string of slayings known as the Gilgo Beach killings was accused in a 25-year-old Connecticut woman's death.
Uber purchased Drizly in a cash-and-stock deal for $1.1 billion in 2021. The drink delivery app will shut down in March, according to Uber.
After Donald Trump's victory at the Iowa caucus, Nikki Haley and DeSantis continue their campaigns as New Hampshire's primary looms.
Christine Short, VP of Research at Wall Street Horizon, shares insights on small and big banks earnings, a fresh round of layoffs in the tech world, and what to expect from upcoming rate decisions.
