As the U.S. inches closer to the summer traveling season, the Federal Aviation Administration is looking to avoid another season of mass delays.
A shortage in air traffic controllers and overall staffing at airports caused multiple travel delays since the early days of the pandemic. As a fix, the FAA is implementing a few guidelines it hopes will make flying a bit more seamless.
In New York City and Washington, DC, airlines will have reduced flight slot requirements during takeoffs and landings in an effort to cut down congestion. Slots provide airlines the right to enter and exit specific airports at designated times.
Despite the plan, the agency said it still expects the rate of delays to jump 45 percent from 2022.
The FAA is also leaning on airlines to help navigate the delay issue and will host a brainstorming summit.
Delta Airlines said it supports the agency's efforts to clear up congestion at airports.
"Delta is reviewing our network to ensure the best customer experience throughout the summer travel season, and we are committed to working with the FAA on measures to ensure the safety and efficiency of operations at the NY/NJ airports," the airlines stated according to CNBC.
The dreaded Netflix crackdown on profile sharing translated into a major boost in subscribers while the promised rate cuts seem to be a far off fantasy.
After the 2021 boom, IPO activity slowed down significantly, in part due to monetary policy – but things are getting moving again with tech-friendly companies like Iboutta and Rubrik making a public debut.
With an increasing demand for mental health services, one person wanted to change the therapy game. In 2017, CEO Alex Katz founded Two Chairs, a company that uses technology to match patients with the right therapist.
Not only is April Financial Literacy Month, it’s also the kickoff of the spring homebuying season. So now is the time to make sure you have a financial plan in place – and why it might not be wise for that to include buying your first home.
While the U.S. may slowly be on the path to lowering inflation (and therefore interest rates), Europe has thoroughly trounced America, putting it on the path to lower rates by this summer.
April's release of the monthly Housing Starts and Building Permits reports by the Census Bureau provides crucial insights into the construction activity in the housing market. These reports are an economic indicator, shedding light on the current state of the housing market and its broader economic impact.
