NEW YORK — Smaller airlines are looking to bulk up to take advantage of an expected recovery in air travel. Fleet size is a key motive for JetBlue’s recent bid to woo budget carrier Spirit Airlines and break up that company’s deal with rival Frontier. Adding Spirit’s current fleet would boost JetBlue’s by 60% to more than 450 planes. “The …
Two months ago, the Los Angeles City Council hatched a plan for weathering its latest financial crisis: Give thousands of city employees up to $80,000 to retire, and hope the savings would be enough to avoid pay cuts for other city workers. Josh Geller, president of the Los Angeles City Attorneys Assn., said the city lacks the legal authority to …
