Norwegian Cruise Line says 2021 bookings are 'on track,' despite the coronavirus pandemic taking a major toll on the industry overall. Kevin McCarthy, Neuberger Berman Senior Research Analyst. Yahoo Finance's Alexis Christoforous and Brian Sozzi discuss. ...
Navistar International Corp. (NYSE: NAV) is recalling more than 4,900 late-model Class 8 International LT and RH tractors because defective connecting rods could cause engine failure, stranding a driver in traffic.The company knows of three instances in which a driver was stuck in a lane of traffic and dozens in which the driver managed to ease the truck to the side of the road. An engine knocking noise, rough idle or an engine warning light can alert a driver to an imminent engine shutdown.No related crashes or injuries are known, Navistar Vice President of Service Mark Reiter told FreightWaves.Behind the scenesIn a rare behind-the-scenes look at the analysis of a problem and the discussions of what to do about it, Navistar described what led to an April 30 safety defect report to the National Highway Traffic Safety Administration (NHTSA). The agency posted the recall on its website on Thursday."One of the...
After announcing that it would no longer fly its 18 wide-body 777s, Delta told its 14,500 pilots that it expects to have 7,000 more than it needs in the fall, according to a memo to flight operations employees first reported by Reuters. "I recognize that is an alarming number so it's important to know that our intent is to align staffing for what we need over the long term," John Laughter, S.V.P. of flight operations, said in the May 14 memo seen by Reuters. U.S. airlines are collectively burning more than $10 billion in cash per month and averaging fewer than two dozen passengers per domestic flight in the wake of the coronavirus pandemic as they brace for two or three years until air travel will return to pre-crisis levels....
"I recognize that is an alarming number so it's important to know that our intent is to align staffing for what we need over the long term," John Laughter, S.V.P. of flight operations said in the May 14 memo....
Nearly three million Americans filed for unemployment benefits in the week ending May 9th. Yahoo Finance's Editor-in-Chief Andy Serwer, Alexis Christoforous and Brian Sozzi discuss. ...
