Recent Posts

Air Canada’s hope for recovery foiled over delays at ‘airports’

  Bloomberg Air Canada’s hope for a strong recovery in 2022 has been foiled by chaos at Canada’s biggest airports. Travellers are back in big numbers as the summer vacation season kicks off. But Toronto’s Pearson International Airport has descended into scenes of long lines and a sea of luggage, and the nation’s largest airline is paying the price. About ...

Read More »

Frontier asks Spirit to delay vote on merger

  Bloomberg Frontier Group Holdings Inc asked buyout target Spirit Airlines Inc to further delay a shareholder vote on their proposed merger, saying it’s still “very far” from winning sufficient support because of a higher offer from rival JetBlue Airways Corp. Frontier also asked Spirit’s board to publicly reaffirm its commitment to their original agreement reached in February in light ...

Read More »

Gap CEO fired after failing to rescue firm

  Bloomberg Gap Inc fired Chief Executive Officer Sonia Syngal after 2 1/2 years, with rising costs and deepening discounts threatening to wipe out this quarter’s operating profit. Chairman Bob Martin is taking over immediately as CEO on an interim basis, according to a statement. The stock has been battered amid missteps such as a clumsy implementation of expanded women’s ...

Read More »