By Irina Anghel Bloomberg Hybrid work has lifestyle benefits for those who can do it — and financial benefits for those who can’t. A new study found that remote workers in the U.K. sacrificed pay growth in the first two years after the COVID-19 pandemic, while in-person staff saw bigger gains to compensate for the
Boeing’s low-key board chair steps into the spotlight with CEO hunt
By Julie Johnsson , Ian King and Siddharth Philip Bloomberg As Boeing’s board searches for a chief executive officer to steer the U.S. plane-maker out of its worst crisis in years, directors are intent on finding a leader who can make a fresh start — meaning deep aerospace experience isn’t necessarily required. That opens the
Expensive Flights Become New Normal on $5 Trillion Green Transition
Decarbonization measures are pushing up ticket costs worldwide Energy transition means little price respite for flying public It’s passengers who’ll have to pay to neutralize aviation’s carbon footprint. Photographer: Giuseooe Cacace/AFP/Getty Images Follow International Air Transport Association By Angus Whitley The global airline industry has long warned passengers they’ll eventually have to pay some of the
Letting people work from home is good for companies’ revenue growth
By Matthew Boyle Bloomberg Companies that allow remote work have experienced revenue growth that’s four times faster than those that are more stringent about office attendance, a new survey shows, adding fuel to the debate over productivity and performance in today’s workplaces. The analysis of 554 public companies that employ a collective 26.7 million people
Return-to-office is a $1.3 trillion problem few have figured out
By Matthew Boyle Bloomberg News In the emerging post-pandemic era, most aspects of life have returned to normal. Moviegoers are flocking to cinemas, vacationers jammed airports for summer travel and kids are returning to classrooms. The one thing that has remained stubbornly fraught: the world of work. Three and a half years after millions of
Workers resisting the office grind are suddenly lonely at home
By Irina Anghel Bloomberg Three years after the pandemic closed down offices around the world, the remote-work revolution has morphed into a tug of war between frustrated bosses and fed-up staff. While workers don’t want to give up flexibility, leaders want teams back to boost collaboration and avoid a productivity slump. The impasse is the
A greenwashing lawsuit against Delta aims to set a precedent
By KENDRA PIERRE-LOUIS Bloomberg As tranquil instrumental music plays over gauzy images of nature, a woman’s voice-over begins. “Isn’t it a paradox,” she wonders aloud, “that the love for this world that gets us out in it, sometimes leaves behind the things that can harm it? Flight by flight, we broaden our views. We gain
Boeing sees $8 trillion jet market as climate reshapes travel
By Julie Johnsson Bloomberg Boeing Co. predicts airlines around the world will add 42,595 jets valued at about $8 trillion over the next two decades, even as concerns over climate change affect the way consumers travel. The U.S. plane-maker’s latest tally of industrywide deliveries over the next 20 years takes into account growing activism over
EPA Gets Sued Over Lack of Noise Pollution Regulation
COURT: D.D.C. TRACK DOCKET: No. 1:23-cv-01649 The US Environmental Protection Agency shirked its duties to enforce the Noise Control Act, resulting in nationwide noise pollution, a new federal lawsuit alleged. Quiet Communities Inc., a nonprofit dedicated to reducing noise pollution, sued the agency Wednesday in the US District Court for the District of Columbia. The group alleges
Aging, unreliable runway safety device leaves U.S. airports vulnerable
By Alan Levin A crucial safety system that’s relied on to avoid potentially fatal collisions at major U.S. airports is aging and plagued by outages that have left travelers unprotected for months at a time. At some airports, it hasn’t ever been installed. The technology — which tracks vehicles on or near runways to alert