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Aerospace and defense industry

Upstart airlines Avelo, Breeze prepare for a profitable year

The inaugural flight of an Avelo Airlines Boeing 737-800 takes off from Hollywood Burbank Airport to Charles M. Schulz-Sonoma County Airport in Santa Rosa on April 28, 2021.Patrick T. Fallon | AFP | Getty ImagesIn the nearly four years since the Covid-19 pandemic upended air travel, the largest U.S. airlines have returned to profitability. The CEOs of two upstart airlines that launched in the middle of the pandemic say they're about to join them.Avelo and Breeze Airways, two low-cost carriers that debuted in 2021 when…

NASA shuts down Maxar-led OSAM-1 satellite refueling project

A "grapple test" of the spacecraft's robotic servicing arm.NASANASA is shutting down a $2 billion project to test satellite refueling in space, it announced on Friday, after the agency's auditor criticized the program's lead contractor Maxar for poor performance.The space agency said in a statement that the OSAM-1, or "On-orbit Servicing, Assembly, and Manufacturing 1," project was being discontinued after nearly a decade of work.NASA cited "continued technical, cost, and schedule challenges, and a broader community…

FAA gives Boeing 90 days to establish quality control plan

An aerial photo shows Boeing 737 Max airplanes parked on the tarmac at the Boeing Factory in Renton, Washington, on March 21, 2019.Lindsey Wasson | ReutersThe Federal Aviation Administration is giving Boeing 90 days to come up with a plan to improve quality control, the agency said Wednesday, less than two months after a door plug blew out of a 737 Max 9 minutes into an Alaska Airlines flight.Bolts needed to secure the unused door panel on the nearly new plane appeared to be missing, a preliminary investigation of Flight…

Rocket Lab (RKLB) Q4 2023 results: Contract backlog grows

An Electron rocket launches the Baby Come Back mission from New Zealand on July 17, 2023.Rocket LabRocket Lab is making steady progress on the development of its Neutron vehicle, as the company reported fourth-quarter results that saw its contract backlog soar above $1 billion.The space company reported a net loss of $50.5 million, or 10 cents per share, for the quarter. Year over year, Rocket Lab's fourth-quarter net loss widened by about 36% as the company continues to spend heavily to create its Neutron rocket. Its…

FAA closes Starship investigation, SpaceX seeks next launch license

SpaceX's next-generation Starship spacecraft atop its powerful Super Heavy rocket is launched from the company's Boca Chica launchpad on an uncrewed test flight, near Brownsville, Texas, on Nov. 18, 2023.Joe Skipper | ReutersThe Federal Aviation Administration on Monday announced the close of its investigation alongside SpaceX into the second Starship flight, as Elon Musk's company seeks a license to launch the towering rocket again.SpaceX led an investigation that the FAA oversaw into the Nov. 18 launch of a Starship…

First images from Intuitive Machines’ Odysseus

Intuitive Machines CEO Steve Altemus explains how the company's IM-1 lander tipped over on the moon's surfacing during a NASA press conference on Feb. 22, 2023.NASA TVIntuitive Machines' cargo lander, Odysseus, returned its first images from the moon's surface over the weekend, as the spacecraft settles in to its lunar destination.The company's historic IM-1 mission is now operating on the moon after landing on Thursday, becoming the first privately developed spacecraft to soft land on the lunar surface.Intuitive Machines…

Why airlines are raising baggage fees and charging more at the airport

Travelers arrive for flights at O'Hare International Airport in Chicago on March 16, 2021.Scott Olson | Getty Images News | Getty ImagesAirlines are raising their prices to check a bag — again. Just how much you it will cost you, however, depends on when you pay for the service.United Airlines, American Airlines and JetBlue Airways are among the carriers that have raised the price to check bags this year. Each of them charge customers more if they check their bags at the airport or close to their departure compared with…

United Airlines raises checked bag fee, following American

United Airlines planes at Denver International Airport.Leslie Josephs | CNBCUnited Airlines is raising the price to check bags, becoming the latest carrier this year to hike a fee that generated more than $5 billion for airlines in the first nine months of 2023 alone.United economy passengers who book domestic tickets starting Feb. 24 will pay $40 for a first checked bag, or $35 if they prepay online at least 24 hours before their flight, an increase of $5. A second checked bag will cost $50 at the airport, or $45 in…

Intuitive Machines stock (LUNR) jumps after Odysseus moon landing

Intuitive Machines' Nova-C lunar lander on display at NASA's Marshall Space Flight Center.NASAShares of Intuitive Machines surged in premarket trading on Friday after the company's successful first moon landing.Intuitive Machines' cargo moon lander, "Odysseus," became the first privately developed spacecraft to land on the lunar surface on Thursday – as well as the first U.S. spacecraft to soft land on the moon in over 50 years.The Houston, Texas company confirmed that the IM-1 mission lander was standing upright and…

Intuitive Machines (LUNR) IM-1 moon landing for NASA

The IM-1 lander "Odysseus" in lunar orbit on Feb. 21, 2024.Intuitive MachinesLunar company Intuitive Machines is going for history on Thursday as it attempts to reach the moon's surface in what would be the first American lunar landing since the Apollo era.Intuitive Machines' mission, known as IM-1, aims to soft land near the moon's south pole at about 6:24 p.m. ET.If successful, the company's Nova-C cargo lander, named "Odysseus" after the mythological Greek hero, would be the first U.S. spacecraft to land on the lunar…