It’s not easy to break into the U.S. airline industry, which is dominated by four big carriers and a sprinkling of other niche players, but that didn’t scare away Andrew Levy. Neither did a pandemic that briefly caused air travel to plummet more than 90%. In April 2021, while COVID-19 still raged and billions of dollars from taxpayers were propping up big airlines, Levy launched Avelo Airlines with flights between Burbank, California, and Las Vegas. The airline saves money by flying older Boeing 737 jets that can be bought at relatively low prices. It operates out of less-crowded and less-costly secondary airports, and flies routes that are ignored by the big airlines. Levy was involved in the launch of ValuJet, which became Allegiant Air, and he also did a stint as the chief financial officer of United Airlines before starting Avelo (it rhymes with yellow). |
Kyle Larson and Denny Hamlin, the dominant NASCAR Cup Series drivers, could have a blooming rivalryFBI says an infant abducted from New Mexico park has been found safe; a suspect is in custodyPolish prosecutors open investigation after judge flees to autocratic BelarusMilwaukee election leader ousted 6 months before election in presidential swing stateCoach Amorim vows to stay with Sporting Lisbon after winning another Portuguese leagueArsenal needs a favor from Tottenham in the title race. Current form suggests it won't happenNeighbour leaves furious 942 killed when a small plane headed to South Carolina crashes in Virginia, police sayRussia plans nuclear weapon drills after angry exchange with Western officialsMilwaukee election leader ousted 6 months before election in presidential swing state