Airlines prepare for record summer passenger surge
Los Angeles Times reports Airlines for America projects a record 246.1 million fliers this summer, up 3.7 percent from last year, with TSA screening averaging 2.6 million per day Memorial Day to Labor Day. TSA adds 600 officers this year and intends 1,000 more before peak season. airlines plan 116,000 additional seats daily amid strong economy and low unemployment. Domestic average fare dropped to 348 dollars in 2017 per BTS, with future trends unclear.
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Uber ends Arizona self driving program after fatal crash
Uber shuts its Arizona self driving operation two months after a fatal crash involving one of its vehicles. The company will resume testing later this summer in Pittsburgh and two California cities, with smaller routes and fewer cars, while pursuing limited testing in those areas and repairing regulatory relations in California.
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J C Penney hunts new CEO after Ellison exit
Plano Texas based retailer J C Penney seeks a new chief executive after Marvin Ellison left to join Lowe s. The company notes long term debt near 4 billion and persistent sales weakness in apparel. Analysts criticize lack of brand identity and ongoing discounting as it pursues new fashion partnerships and online improvements.
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Marvin Ellison
Lowe’s
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J.C. Penney
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Plano
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