We’ve had a long run on the current economic expansion, but eventually, another recession will come. A lot of people will lose their jobs, maybe including you. So ask yourself a question: When the time comes, would you rather take a guaranteed 10 percent wage cut, or have a 10 percent chance of becoming unemployed? While they are both just ...

Bloomberg A price battle between United Airlines and heavy discounters is spreading to other US carriers, threatening to derail the industry’s nascent recovery in pricing power. Competition that heated up this summer in United’s hub cities of Houston, Chicago and Newark, New Jersey, has extended to American Airlines in Dallas and to other carriers, airline executives said. Passenger revenue for ...

Bloomberg Bird Group, an aviation and hospitality company, said it is interested in bidding for the ground handling division of Air India Ltd., the state-owned flag carrier the government is planning to sell in full or part. The New Delhi-based group has written to the Ministry of Civil Aviation asking the government to consider selling Air India’s subsidiaries separately, a ...