Philadelphia Region
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We’re Flying Domestically Again, Not So Much at Philadelphia Airport
Domestic flight levels are returning to 2019 levels at a quarter of the nation’s busiest airports, writes the staff at Philadelphia Business Journal. The same is not true for Philadelphia International Airport, where flights are still down more than 31%, according to aviation analysis company Cirium. For the first three months of this year, PHL…
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Mortgage Woes: See How Much Deeper Delco Homeowners Will Have to Pay
Better ask for a raise because it will take 17% more income this year to make that monthly mortgage payment, according to a new Redfin report. And that’s one of the lowest increases for major metropolitan regions in the U.S., writes Ryan Mulligan for Philadelphia Business Journal. Mortgage rates, and monthly payments, have increased because…
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Spirit Airlines Moves Forward on Frontier Merger, Rejects JetBlue
Spirit Airlines Inc. has decided not to pursue JetBlue’s buyout offer and will continue a merger with Frontier Airlines, writes Emon Reiser for Philadelphia Business Journal. “Our board unanimously determined that JetBlue’s proposal does not constitute a ‘superior proposal’ under Spirit’s existing merger agreement with Frontier,” Spirit Chairman Mac Gardner wrote in the letter to…
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Wawa Still Has Eye on City of Philadelphia in Expansion Plans
There have been some high-profile Wawa store closings in the city of Philadelphia but that doesn’t mean Wawa still doesn’t have a presence there, says CEO Chris Gheysens. Wawa’s landmark location at Broad and Walnut streets closed, along with an outpost at 9th and South Streets, writes Laura Smythe for Philadelphia Business Journal. “We have…
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Masks No Longer Required on SEPTA Vehicles, Some Airlines
After a federal judge in Florida struck down a national mask mandate Monday for public transportation and airlines, SEPTA and some airlines have stopped requiring masks on board, reports the Fox 29 News staff. SEPTA tweeted that “the wearing of masks aboard SEPTA vehicles and in SEPTA stations & concourses is recommended but no longer…
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Ridership, Revenue Stats for SEPTA Better but Still a Bumpy Ride
In March, SEPTA’s bus, train and subway ridership was the highest it’s been since the pandemic started, writes Ryan Mulligan for Philadelphia Business Journal. But revenue for the month is still short of SEPTA’s budget estimate. There were just slightly over 15 million passenger rides in March, the highest in two years and a 33%…
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Parking Headaches at Philly Airport From Cargo Expansion Project
It became much more noticeable now that spring break is here. There’s no parking available at Philadelphia International Airport, reports Tim Furlong for NBC 10. The airport eliminated thousands of long-term parking spots during the pandemic as it starts an expansion of its cargo plane capacity. The warnings went out a few months ago but…
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Cargo Expansion Gets Going at Philadelphia Airport With First Building Project
Philadelphia International Airport is ready to start tripling its air cargo footprint, writes Ryan Mulligan for Philadelphia Business Journal. PHL is set to break ground in the coming months on a $15 million nine-acre, 70,000-square-foot air-support facility on the grounds of the former economy parking. It will house maintenance and cleaning crews for passenger planes…
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American Airlines Adds Bus to Fleet, From Atlantic City, Lehigh to PHL
Starting June 3, you’ll be able to take an American Airlines shuttle bus to and from Philadelphia International Airport and Atlantic City and Allentown, writes Lisa Dukart for Philadelphia Business Journal. American’s hope is to continue positioning PHL as a gateway for transatlantic travel. The airline is the dominant carrier for Philadelphia International Airport. Passengers…
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PREIT, Owner of Springfield Mall, Plans Apartments on Some Mall Properties to Shore Up Debt
PREIT, the owner of the Springfield Mall and other mall properties in the region, is taking a new approach to pull itself out of $2 billion in debt from its underperforming malls. The Pennsylvania Real Estate Investment Trust hopes to build 5,200 apartments on six mall properties, raising cash and bringing shoppers and diners onto…
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JetBlue Presents Unsolicited Bid for Spirt Airline Amid Frontier-Spirit Deal
A sudden bid from JetBlue for Spirit Airlines has thrown a Frontier acquisition deal off-kilter, writes Erik Bojansky for South Florida Business Journal, as reported in the Philadelphia Business Journal. New York-based low-cost airline JetBlue Airways presented an unsolicited $3.6 billion proposal Tuesday. Spirit is the fourth-largest carrier at Philadelphia International Airport. Frontier is the…
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Philly’s First Black Trolley Driver at 101 Finally Receives High School Diploma
Merrill Pittman Cooper, 101, one of the first Black trolley car drivers in Philadelphia, hired in 1945, now has his diploma, writes Cathy Free for The Washington Post. “It was tough when I first started,” said Cooper, remembering the racism along a route that likely included Darby and Yeadon. “I wouldn’t want to repeat some…
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CHOP Receives Generous Gift from Main Line Couple to Establish Cancer Immunotherapy Center
Philanthropists Susan and Steve Kelly, longtime supporters of the Children’s Hospital of Philadelphia (CHOP), are helping establish the Susan S. and Stephen P. Kelly Center for Cancer Immunotherapy, writes John George for the Philadelphia Business Journal. “We are honored our gift will help CHOP and Dr. Stephan Grupp to unlock the tremendous potential of cancer…
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Jay Schwartz Keeps Film Alive With Showings From His Secret Cinema
Jay Schwartz has been showing bits and pieces of his Secret Cinema for 30 years, writes Shaun Brady for The Philadelphia Inquirer. He maintains a 1,000 square-foot workshop and warehouse in Kensington piled high with more than 4,000 canisters of unique films, commercials and television shows. He has a “Best of Secret Cinema Screening and…
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State Trooper Killed in I-95 Crash was a Bonner High Graduate
Pennsylvania State Trooper Martin Mack III, killed in a crash on I-95 early Monday, was a Monsignor Bonner High School graduate, writes Alex Rose for the Daily Times. A funeral mass for Mack is set March 31 at St. Michael the Archangel Church in Levittown to accommodate an expected large contingent of law enforcement from…
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Franklin Mint/Wawa Employee Credit Union Merger Gets Final OK
A planned merger of Chadds Ford-based Franklin Mint Federal Credit Union (FMFCU) and the Wawa Employees’ Credit Union (WECU) has been greenlighted, writes Jeff Blumenthal for Philadelphia Business Journal. The deal will close June 2. FMFCU is the sixth-largest credit union in the Philadelphia region. It has $1.6 billion in assets, 125,000 members, and 15…
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Wawa Workers, Among Others, Eligible for Free SEPTA Passes in New Ridership Program
Some Wawa, Penn Medicine and Drexel University workers will soon be eligible for free “Anywhere” SEPTA monthly passes in an effort to boost ridership, writes Thomas Fitzgerald for The Philadelphia Inquirer. The passes are part of a SEPTA Key Advantage pilot program. Wawa, Penn Medicine and Drexel have agreed to pay $140 each for six…
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New Census Data: We’re More Diverse in Delco But Not as Likely to be Married
The Philadelphia region is more diverse than ever, but it’s also facing more income inequality and housing stress, according to the American Community Survey, writes Aseem Shukla, Kasturi Pananjady, and Michaelle Bond for The Philadelphia Inquirer. The information comes from the most recent U.S. Census data. Here are the highlights. The last 10 years show…
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