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August 2016 Recap

If you slipped into a coma on August 1st and just regained consciousness on August 31st, you might have looked around and thought that you really didn’t miss much while you were out cold.  The world’s capital markets were sitting right about where they started.  The S&P 500 traded in a very narrow range with

Southwest, American Airlines get final approval for Havana flights

The U.S. Department of Transportation has granted final clearance for Southwest Airlines and American Airlines flights to Havana, making the North Texas-based carriers two of eight U.S. airlines to fly to the capital of Cuba beginning as early as this fall. Read more here

United Airlines Service to Havana Starts November 29

The countdown to Cuba is officially underway at United Airlines after the U.S. Department of Transportation (DOT) awarded the company final approval to launch service to Havana from two of its hubs this fall. Beginning Nov. 29, United will start daily nonstop flights to the Cuban capital from New York/Newark and Saturday nonstop service from

Delta to Serve Havana, Cuba, from Atlanta, Miami and New York-JFK

Delta Air Lines (DAL) will begin daily service to Havana, Cuba, from Atlanta, Miami and New York–JFK on Dec. 1, 2016, following today's announcement by the U.S. Department of Transportation (DOT). Delta thanked the DOT for awarding the airline the ability to resume operating nonstop scheduled service to Cuba for the first time in almost

Southwest Airlines pilot contract

Southwest Airlines says deal in place with pilots, ending 4 years of talks After months of escalating rhetoric that included a call for the ouster of CEO Gary Kelly, Southwest Airlines' pilots union announced Monday that it has reached a tentative agreement with the airline that could bring to an end four years of contract

What Are The Factors Behind Soaring Air Travel Growth?

Air travel worldwide is likely to double over the next two decades, driven by factors such as low air fares, higher living standards, and an expected recovery in the world gross domestic production. However, this growth in enplaned passengers is expected to be uneven, given the changing population and demographic scenarios in different parts (developed

Airline employees are getting huge pay raises

Wages have been stagnant for years -- but that's not so in the airline industry. Pilots and ground crews at the major U.S. airlines are winning huge raises and have locked in more hikes in the years to come. Click here to read more

Delta and Virgin Atlantic to fully co-locate at Heathrow Terminal 3

Delta Air Lines [NYSE: DAL] will operate exclusively from London Heathrow Airport's Terminal 3, effective September 14, 2016.  Delta and Virgin Atlantic will now operate from the same terminal making it easier for customers to manage their travel plans including any last-minute flight changes. Read more here

Delta Launches In-Flight Business Class Suites

Delta Air Lines introduced a new business class product this morning for its long-haul international fleet. Called the Delta One suite, the product features ultra wide business class seats with sliding doors and private dividers to create a personal and premium experience. Read more here

Roth 401k vs Traditional 401k, Which is Best?

Recently, there has been renewed discussion about whether employee investors should make traditional pre-tax contributions into their employer-provided 401k plan or take advantage of the Roth 401k option.  Over the past several years, many employers have added a Roth 401k option to their retirement plan offering, which is the basis for the increased discussion. What