Monthly Archives

Monthly Archives for June 2024.

Amex’s $400 Million Power Play: How Tock Deal Fits Into New Super App To Change Dining Forever

Jun 21 2024

American Express is assembling its travel and lifestyle super app. Cardmembers spend a lot on restaurants, and those with the disposable income to go out at upper-end restaurants are a lucrative segment.

Meanwhile, embedding a card brand into the dining ecosystem, and leveraging a platform to deliver restaurant reservations and experiences to guests, is a way to win loyalty. At least that’s the bet.

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Southwest CEO Out? Rumor His Replacement Is Imminent

Jun 21 2024

Last week Southwest Airlines CEO Bob Jordan said he isn’t resigning, which – outside of an expression of ‘full confidence’ from the Board – is the surest sign his two-year tenure is jeopardy. There’s now growing talk that his departure could be imminent, with current COO and Hawaiian Airlines veteran Andrew Watterson taking over.

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American Airlines Just Cancelled All New Pilot Training Through End Of Year As Stock Tanks

cockpit with pilot
Jun 20 2024

American already reduced its pilot hiring for 2024 by 40% year-over-year, also citing Boeing issues, pausing new hire classes for the summer and potentially for December as well. This was consistent with guidance the airline had provided at its March investor day.

But now has cancelled all of its new-hire pilot training through end of 2024.

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