IlluMyFi

Department of Transportation denounces ‘unrealistic’ JetBlue schedules in yet another setback for the airline

The US Department of Transportation (DOT) announced on Friday a $2m fine against JetBlue for “operating multiple chronically delayed flights”. The agency said it was the first time it had fined an airline for chronic delays on specific routes, which it said was caused by “unrealistic” scheduling practices by JetBlue.

“Illegal chronic flight delays make flying unreliable for travelers. Today’s action puts the entire airline industry on notice that we expect their flight schedules to reflect reality,” the transportation secretary, Pete Buttigieg, said in a statement.

Sentiment

0.68

Bearish/Bullish

100

07.01.25 07:46

by theguardian.com

UK house prices dip for first time since March, says Halifax; Next warns of slow...

Halifax says house prices dipped by 0.2% in December while annual price growth slowed to 3.3%

Good morning, and welcome to our rolling coverage of business, the financial markets and the world economy.

UK house prices finished 2024 up 3.3% over the year, with the average property value falling slightly in December, according to a major mortgage lender.

December 2024 was one of the busiest Decembers in years in terms of buyer demand. This was driven by first-time buyers who were keen to get on the property ladder before this year’s changes to Stamp Duty but also by second-steppers, including young families, wanting to upsize.

We believe that UK growth is likely to slow, as employer tax increases, and their potential impact on prices and employment, begin to filter through into the economy.

8.30am GMT: Eurozone, France, Germany, Italy HCOB Construction PMI for December

9am GMT: Italy Unemployment rate for November (previous: 5.8%)

10am GMT: Eurozone inflation for December flash (previous: 2.2%, forecast: 2.4%)

10am GMT: Eurozone unemployment rate for November (previous: 6.3%)

1.30pm GMT: US Trade for November

3pm GMT: US ISM Services PMI for December

3pm GMT: US JOLTs Job Openings for November

United States of America