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Tom Jones

America’s most-delayed airline of 2024, Frontier, got a fine from the Department of Transportation

Though in the final days of his tenure, Transportation Secretary Pete Buttigieg is clearly still intent on cracking down on flight delays, with the DOT announcing plans on Wednesday to sue Southwest Airlines and fine Frontier Airlines over late arrivals dating back as far as three years ago.

The DOT is seeking maximum penalties against Southwest, alleging that the airline illegally operated two chronically delayed flight routes between April and August 2022. A flight is “chronically delayed” if it’s flown more than 10 times a month and arrives more than half an hour late over 50% of the time, per the department. The DOT also fined Frontier $650,000 for operating “multiple” chronically delayed flights, but the airline will only pay half if it avoids offending again over the next three years. 

While a Southwest representative stayed pretty tight-lipped about whether the company would petition the incoming administration to rethink the lawsuit (per Axios), it seems like the airline might have ironed out some of its punctuality issues in 2024… Frontier, not so much. 

Airline delays chart
Sherwood News

According to the latest Air Travel Consumer Report from the Department of Transportation itself, Frontier Airlines has been America’s least reliable major carrier: some 32% of its flights were delayed in the first 10 months of 2024 (i.e. arriving or departing more than 15 minutes after its schedule).

The DOT is seeking maximum penalties against Southwest, alleging that the airline illegally operated two chronically delayed flight routes between April and August 2022. A flight is “chronically delayed” if it’s flown more than 10 times a month and arrives more than half an hour late over 50% of the time, per the department. The DOT also fined Frontier $650,000 for operating “multiple” chronically delayed flights, but the airline will only pay half if it avoids offending again over the next three years. 

While a Southwest representative stayed pretty tight-lipped about whether the company would petition the incoming administration to rethink the lawsuit (per Axios), it seems like the airline might have ironed out some of its punctuality issues in 2024… Frontier, not so much. 

Airline delays chart
Sherwood News

According to the latest Air Travel Consumer Report from the Department of Transportation itself, Frontier Airlines has been America’s least reliable major carrier: some 32% of its flights were delayed in the first 10 months of 2024 (i.e. arriving or departing more than 15 minutes after its schedule).

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Lucid rises following the delivery of its first Uber robotaxi (of 20,000) and a price target bump

One down, a minimum of 19,999 to go.

In a Wednesday morning post on X featuring some of the most royalty-free music you’ve ever heard, Lucid announced it’s delivered its first Gravity SUV earmarked for service as an Uber robotaxi next year. Shares of the company climbed 3%.

The vehicle is now with autonomous driving company Nuro, which will add software and test the SUV for road readiness.

The 20,000-vehicle agreement over six years is a hefty order for Lucid, which expects to build between 18,000 and 20,000 vehicles this year.

Lucid stock could also be seeing a boost from a price target hike by Cantor Fitzgerald on Wednesday, to $26 from $20. (Remember, though, that before a 1-for-10 reverse stock split at the beginning of this month, Cantors target had been the equivalent of $30.)

Lucid shares have now risen more than 40% from their all-time closing low of a split-adjusted $16.16 on September 4.

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Disney+ subscribers are getting (another) price hike next month

Disney’s streaming prices are going to infinity and beyond.

Starting October 21, Disney+ with ads will climb to $11.99 a month (from $9.99), while the ad-free Disney+ Premium plan will rise to $18.99 (from $15.99). Annual Premium subscriptions will now cost $189.99, up from $159.99. Disney shares were flat on the news.

Bundles are getting pricier too: the Disney+/Hulu (with ads) package will jump from $10.99 to $12.99, while the Disney+/Hulu/ESPN Select bundle will rise from $16.99 to $19.99. The ad-free version of that bundle will go from $26.99 to $29.99. Even legacy bundles that subscribers were allowed to keep will see hikes. For example: the Disney+ Premium/Hulu (with ads)/ESPN Select plan will now run $24.99 instead of $21.99.

After increasing prices four times in the past four years, Disney’s streaming unit finally became profitable last year. It’s yet another example of streaming services slowly raising prices and hoping consumers don’t notice or care enough to cancel.

Disney shares are up over 20% over the past 12 months.

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