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going clear

How record wait times at US airports are sending one app soaring

Demand for Clear Secure services are surging as travelers look to bypass TSA lines.

As if surging ticket prices and flight cancellations weren’t enough, American flyers are now having to contend with record-long airport lines, as the partial government shutdown in mid-February continues to blight the Transportation Security Administration, triggering staffing shortages at travel hub checkpoints across the country.  

During a House hearing on Wednesday, the TSA’s acting head, Ha Nguyen McNeill, said wait times at airports are currently the longest in the agency’s 24-year history, with delays stretching beyond 4.5 hours at some major airports where as many as 50% of the administration’s employees have called out.

Life in the fast lane

Out of this historic air travel chaos, however, a few outliers have cashed in on frustrated travelers who are willing to buy their way out — including a private jet company that’s seen a 40% spike in charter demand, and Clear, a biometric firm whose $209-a-year subscription lets users bypass ID checks through fingerprint or eye scans and jump to the front of the screening line.

According to data from Appfigures, Clear’s app downloads in March have more than tripled from a year ago, and the app currently sees more daily downloads than the major carriers many of its customers are likely flying with, such as Delta, American, and United. The company’s stock has also jumped nearly 60% this year, inching closer to the all-time high it hit shortly after its 2021 IPO.

Still, Clear’s momentum could slow down or cease entirely if the broader TSA system collapses, and relief might not be on the way just yet: agency officials have warned that the TSA won’t be fully staffed in time to handle surging travel volumes during the 2026 FIFA World Cup in June.

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The retailer’s apparel and accessories sales hit their lowest point since the pandemic last year.

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business

Sony and Honda are scrapping Afeela, their joint EV that you could play PlayStation in

Less than two weeks after Honda said it would take an up to $15.7 billion write-down as it restructures its EV business, the automaker is scrapping an electric vehicle made in a joint venture with Sony.

The Afeela 1, a $90,000 EV with PlayStation 5 integration, was set to begin deliveries later this year.

A nearly six-figure EV that you could play “The Last of Us” in doesn’t exactly sound like a bestseller in the current electric vehicle landscape, but the announcement is still surprising given how far along the joint venture was. The JV had a ribbon-cutting ceremony to mark the grand opening of its delivery hub in California on March 21. At the Consumer Electronics Show in January, the JV teased a crossover SUV prototype as a second model.

In Honda’s EV write-down announcement earlier this month, the automaker canceled three models planned for production in the US.

A nearly six-figure EV that you could play “The Last of Us” in doesn’t exactly sound like a bestseller in the current electric vehicle landscape, but the announcement is still surprising given how far along the joint venture was. The JV had a ribbon-cutting ceremony to mark the grand opening of its delivery hub in California on March 21. At the Consumer Electronics Show in January, the JV teased a crossover SUV prototype as a second model.

In Honda’s EV write-down announcement earlier this month, the automaker canceled three models planned for production in the US.

business

Disney ends its OpenAI deal after Sora video app is shuttered

Disney is exiting its first-of-its-kind deal with OpenAI now that the AI giant is winding down its AI video app, Sora, according to reporting by The Hollywood Reporter.

The news comes just three months after the deal — which included a reported $1 billion Disney investment in OpenAI and a license for the AI giant to use some Disney characters — was first announced.

“We appreciate the constructive collaboration between our teams and what we learned from it, and we will continue to engage with AI platforms to find new ways to meet fans where they are while responsibly embracing new technologies that respect IP and the rights of creators,” a Disney spokesperson told The Hollywood Reporter.

“We appreciate the constructive collaboration between our teams and what we learned from it, and we will continue to engage with AI platforms to find new ways to meet fans where they are while responsibly embracing new technologies that respect IP and the rights of creators,” a Disney spokesperson told The Hollywood Reporter.

business

United CEO says airfares would have to go up another 20% to “break even” if fuel prices remain elevated

United Airlines CEO Scott Kirby expects oil prices to stay higher for longer and warned that airfares, which have already gone up by double digits in the past few weeks, will need to climb another 20% in order for the airline to “break even” on fuel.

“Airfares are up 15% to 20% in the last few weeks, but that’s sort of covering half to 60% of the inflationary increase, so I think we have some room to go,” Kirby said in an interview with Bloomberg on Tuesday. “If oil prices stayed where they are today, that’s $11 billion of expense for us. And that would require prices to be up 20% to break even.”

Kirby said that he is sure there will be some consumer pushback to increased fares, but added, like several other airline execs recently, that Q1 demand is still strong.

“Demand is the strongest its been, ever. The top 10 booking weeks of the year have all been in 2026 so far,” he said.

Jet fuel costs have remained elevated amid the US war with Iran, with prices cracking the $4 mark last week, according to the Argus US Jet Fuel Index. Since US airlines have virtually all given up the practice of fuel hedging, they’re more exposed to volatility.

Last week, United issued a worst-case oil pricing forecast of $175 per barrel, with prices trading above $100 through 2027.

“Its reasonable for us to plan for that regardless, because the downside is pretty limited,” said Kirby. “Like, [if] we leave a little bit of demand on the table by not flying quite as much this summer, so what.”

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