-
Boeing workers in Washington and Oregon have overwhelmingly rejected a proposed contract that included a 25% wage increase over four years. The International Association of Machinists and Aerospace Workers is now poised to initiate a strike, further complicating Boeing's recovery efforts amid ongoing safety and financial challenges.
-
Southwest Airlines will see significant board changes, with six directors stepping down and four new independent directors expected to be appointed. This follows pressure from Elliott Management, which has acquired a 10% stake and is advocating for leadership changes, including the ouster of CEO Bob Jordan.
-
Starting April 2025, the UK will require most overseas visitors, including transit passengers at Heathrow, to obtain an Electronic Travel Authorisation (ETA) for a fee of £10. This policy, supported by the Labour government, may deter travelers and harm the airport's competitiveness compared to other global hubs.
-
More than 33,000 Boeing workers initiated a strike on Friday after overwhelmingly rejecting a tentative contract. The strike halts production of the 737 Max and other aircraft, complicating Boeing's recovery from recent safety issues and financial challenges. The company is implementing cost-cutting measures amid the industrial action.
-
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.