SpaceX test fires Starship as FAA reviews key license for first orbital launch

A view from the launch tower as SpaceX stacks Starship prototype 20 on top of Super Heavy rocket Booster 4 on August 6, 2021. @elonmusk on Twitter Elon Musk’s SpaceX completed two test firings of the engines on its Starship 20 prototype on Thursday, as the company prepares for the rocket’s first orbital launch while …

American, Southwest CEOs say they don’t plan to fire employees over federal vaccine mandate

Southwest Airlines Chairman and CEO Gary Kelly (R) speaks alongside American Airlines chairman and CEO Doug Parker (L) following a meeting with other airline executives at the White House about extending economic assistance to the airlines, in Washington, DC, September 17, 2020. Saul Loeb | AFP | Getty Images Southwest Airlines and American Airlines CEOs …

American Airlines posts profit thanks to federal aid, revenue improves

American Airlines on Thursday reported a $169 million profit for the third quarter thanks to more than $990 million in federal payroll support. Revenue for the quarter totaled $8.97 billion down about 25% from the same period of 2019 but up from the $3.17 billion American brought in a year ago. That was ahead of …

Southwest Airlines’ October flight cancellations cost carrier $75 million

Passengers check in for a Southwest Airlines flight at Orlando International Airport in Orlando, Florida, U.S., October 11, 2021. Joe Skipper | Reuters Southwest Airlines on Thursday said mass flight cancellations and delays that disrupted travel for tens of thousands of customers earlier this month cost it $75 million. Dallas-based Southwest earlier this month canceled …

SpaceX expected to become more valuable than Tesla, Morgan Stanley survey finds

Starship prototype SN15 returns for a landing on May 5, 2021 after a high-altitude flight test. SpaceX Between Elon Musk’s two largest companies, investors and experts have a long-term favorite. Most “institutional investors and industry experts” surveyed by Morgan Stanley expect SpaceX to become more valuable than Tesla, and see it as a more attractive …

United Airlines CEO says to expect higher fares as jet fuel prices rise

Jet fuel prices are rising to levels not seen since before the Covid pandemic and it’s set to drive up airfares, United Airlines CEO Scott Kirby said Wednesday. “Higher jet-fuel prices lead to higher ticket prices,” Kirby told CNBC’s “Squawk on the Street.” “Ultimately, we’ll pass that through.” United forecast average fuel costs of $2.39 …

United Airlines posts higher-than-expected revenue after travel demand rebounded

A United Airlines plane prepares to take off at the Benito Juarez International airport in Mexico City, on March 20, 2020. Pedro Pardo | AFP | Getty Images United Airlines on Tuesday reported higher-than-expected revenue as travel rebounded late in the third quarter but the airline didn’t give a timeline for when it would return …

Morgan Stanley says SpaceX’s Starship may ‘transform investor expectations’ about space

Starship prototype 20 is stacked on top of Super Heavy Booster 4 on August 6, 2021. SpaceX Elon Musk’s SpaceX has become one of the world’s most valuable private companies, and Morgan Stanley believes the Starship rockets the venture is developing will have wide-reaching implications. Starship is the massive, next-generation rocket┬áSpaceX is developing to be …

Southwest drops plan to put unvaccinated staff on unpaid leave starting in December

Travelers wait to check in at the Southwest Airlines ticketing counter at Baltimore Washington International Thurgood Marshall Airport on October 11, 2021 in Baltimore, Maryland. Kevin Dietsch | Getty Images Southwest Airlines has scrapped a plan to put unvaccinated employees who have applied for but haven’t received a religious or medical exemption on unpaid leave …

NASA spacecraft launches toward Jupiter asteroids on an intricate path charted by Excel

An animated trajectory map shows the path of the Lucy mission, with the spacecraft (blue) launching from the Earth (green) out to the asteroids around Jupiter (orange). NASA NASA’s latest exploration spacecraft launched over the weekend, beginning a 12-year journey to visit Jupiter’s Trojan asteroids. A tool familiar to Wall Street was used to craft …