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News Roundup

This is a roundup of news and other interesting pieces that I’ve come across over the last few days. Read about Air France/KLM booking errors, power outage at JFK, expansion of Caesars Rewards, consumer debt hits new record, and Spirit adds new San Jose service.

Getting Errors When Booking Air France / KLM With Virgin Atlantic Online? Here’s Why & The Fix

If you have been struggling to book award flights on Air France or KLM online via Virgin Atlantic, you’re not alone and your computer is (probably) fine. Here are all of the details about these Virgin Atlantic partner award issues.

Power outage impacting New York’s JFK airport Terminal 1

A power outage is disrupting flights at a John F. Kennedy airport international terminal, the airport said Thursday. The New York airport reported a “power disruption at Terminal 1,” which handles international flights. It said that “some flights may be arriving and departing from different terminals.”

Caesars Rewards Partnership for New York Businesses as Part of Times Square Gaming License Bid

As part of the program, Caesars Rewards members will be able to use Reward Credits for gift cards valid at participating New York businesses – allowing Caesars to inject millions of new dollars into the local economy. Caesars Rewards members would also be able to earn credits when using their Caesars Rewards credit card at participating businesses.

Consumer debt hits record $16.9 trillion as delinquencies also rise

The Federal Reserve Bank of New York’s Center for Microeconomic Data today issued its Quarterly Report on Household Debt and Credit. The Report shows an increase in total household debt in the fourth quarter of 2022, increasing by $394 billion (2.4%) to $16.90 trillion. Balances now stand $2.75 trillion higher than at the end of 2019, before the pandemic recession

Mortgage balances rose by $254 billion in the fourth quarter of 2022 and stood at $11.92 trillion at the end of December, marking a nearly $1 trillion increase in mortgage balances in 2022. Credit card balances increased $61 billion in the fourth quarter to $986 billion, surpassing the pre-pandemic high of $927 billion. Auto loan balances increased by $28 billion in the fourth quarter, consistent with the upward trajectory seen since 2011. Student loan balances now stand at $1.60 trillion, up by $21 billion from the previous quarter. In total, non-housing balances grew by $126 billion.

Spirit Airlines is California Dreamin’, Announces New San José Service

Bright yellow planes will cruise into San José, California for the first time this June as Spirit Airlines (NYSE: SAVE) today announced the launch of new, nonstop service from San José Mineta International Airport (SJC). The carrier is kicking off the new service with two daily flights to Las Vegas (LAS) and daily flights to Dallas (DFW) and San Diego (SAN).

Guru’s Wrap-up

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