Business travel is on a steady ascent, aligning with the resurgence observed in the leisure travel sector over the past three years. On Thursday (April 25), American Airlines announced a record first-quarter (Q1) revenue of approximately $12.6 billion, with business travel showing robust growth, particularly among...
Travel is one of the top ways consumers with healthy financial safety nets treat themselves, PYMNTS Intelligence research finds, and airlines are reaping the benefits. By the Numbers The PYMNTS Intelligence 2023 study “New Reality Check: The Paycheck-to-Paycheck Report: The Nonessential Spending Deep Dive Edition,”...
With shipping rates down, FedEx is telling its pilots to seek employment elsewhere. More specifically, the freight company is encouraging pilots to look for work flying for a division of American Airlines, Bloomberg reported Monday (Nov. 6). “Given the softness in air cargo demand across...
The rise of the connected economy, and the blurring of lines between digital and “in-person” realms, is shaking up the corporate travel market. Zoom — and video calls in general — has proven to have staying power even as the pandemic recedes and economies (not...
July 16, 2018
Say hello to the payments industry’s 83-year-old startup. That would be UATP (Universal Air Travel Plan), the oldest payment scheme in the world, founded by American Airlines in 1936. In fact, President, CEO & Chairman of UATP Ralph Kaiser told Karen Webster in this week’s edition of Monday Conversations that all UATP cards start with the […]
August 02, 2017
FinTech innovators love the payment facilitator (PayFac), a shift that WePay co-founder Rich Aberman outlined in Episode 1 of the Payment Facilitators series with Karen Webster, CEO of PYMNTS. These...
May 13, 2024
Airlines are reportedly suing the U.S. Transportation Department (DOT) over new fee rules. The suit was filed in federal court last week by industry group Airlines for America, Reuters reported Monday (May 13). Joining in the suit were American Airlines, Delta Air Lines, United Airlines, JetBlue Airways, Hawaiian Airlines and Alaska Airlines. The legal action followed the DOT’s release last month of rules that require airlines and […]
November 06, 2023
With shipping rates down, FedEx is telling its pilots to seek employment elsewhere. More specifically, the freight company is encouraging pilots to look for work flying for a division of...
April 13, 2022
Airline stocks rose Wednesday (April 13) following a report of a “rebound” from Delta and indications from American Airlines that its earnings will be higher than expected. “With a strong...
March 15, 2022
Airplanes have a primary function: the ability to go up and down. So it is with the outlook for air travel in 2022 —one week it’s grounded, the next aloft...
