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Alaska Airlines has completed its acquisition of Hawaiian Airlines, marking a significant consolidation in the U.S. airline industry. The deal, valued at $1.9 billion, includes assuming $900 million in Hawaiian debt and promises to maintain service levels and consumer protections. This merger positions Alaska as the fifth-largest U.S. airline by revenue.
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On September 15, Delta Flight 1203 from Salt Lake City to Portland experienced a pressurization failure shortly after takeoff, leading to an emergency landing. Passengers reported injuries, including ruptured eardrums and nosebleeds. Delta has apologized and addressed the aircraft's issues, which have since been resolved.
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A Scandinavian Airlines flight from Oslo to Malaga was diverted to Copenhagen after a mouse was discovered in a passenger's meal. Passengers were transferred to another aircraft and arrived in Malaga about two and a half hours late. The airline stated such incidents are extremely rare and have established procedures to prevent them.
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CrowdStrike's faulty software update in July caused a global IT outage, affecting 8.5 million devices and disrupting critical services like flights and healthcare. Senior VP Adam Meyers testified before Congress, apologizing and outlining measures to prevent future incidents. The company now faces lawsuits from affected businesses and individuals.
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As of October 7, 2024, UK banks are mandated to reimburse victims of authorised push payment (APP) fraud up to £85,000 within five working days. This significant regulatory change aims to enhance consumer protection amid rising digital fraud incidents, which have surged in recent years.
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Southwest Airlines is undergoing significant changes amid pressure from activist investor Elliott Management. The airline announced a turnaround plan, including assigned seating and a revenue forecast increase, while Elliott seeks to oust CEO Bob Jordan and Chairman Gary Kelly, citing poor financial performance.
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Spirit Airlines' stock plummeted 36% in premarket trading on October 4, 2024, amid reports of a potential Chapter 11 bankruptcy filing. The airline struggles with $3.3 billion in debt and ongoing financial losses, following a failed merger with JetBlue Airways earlier this year.