cornerdesk

@JayApted @AlecLace San Diego approach at night was special for me. Before that, I have believed that only over Queens could one see what people were watching on TV at home from a landing aircraft. Shows to go ya.

@AlecLace From what I've personally observed, it seems like planes landing at Chicago Midway and San Diego Lindbergh come in really low over densely populated areas.

🚨 The Newark Liberty Airport incident today is NOT SURPRISING at all. Just look at how insanely low planes fly when they cross right over the NJ Turnpike on final approach to EWR. This is what it looks like every single day 👇

Circled in red are the United B767-424(ER) main landing gear tires just above the bakery truck.

Air traffic control recordings capture a conversation between Newark tower and an operations vehicle. They are discussing checking the runway for debris after the pilots “felt something” over-flying the threshold of the runway. Courtesy: @theATCapp @PIX11News

Red Red you’re dead. 🔴🔴🔴🔴

@GeminiApp reads the news

I’ve been briefed on the incident involving United Flight 169 at Newark Liberty International Airport. I’m grateful the aircraft landed safely, and all passengers and crew are unharmed. Initial reports indicate that a truck on the Turnpike may also have been involved, and we will continue to monitor developments. United is investigating how this occurred.

Newark EWR: Landing Aircraft Struck Light Pole, Damaging Truck and Injuring Driver - reported on @CitizenApp go.citizen.com/ZcG2ffeSQ2b

Local news is now reporting that UA169 also struck a bakery truck while it was traveling northbound on the New Jersey Turnpike x.com/aviationbrk/st…

Via @GeminiApp Delta's Boeing 737-832 (N378DA), aged 26.8 years, operates flight DL2322 from New York to Atlanta on May 3, 2026

Florida's High Speed Rail Operator Brightline Seeks Rescue to Avoid Potential Bankruptcy

Meet the Kpler data sleuths tracking Iran’s oil tankers and turning maritime subterfuge into a booming business on.wsj.com/4uoNTy0

Google just put a 2029 expiration date on Bitcoin's cryptography. And it is so dangerous they are refusing to publish the code. We thought a quantum attack on crypto was decades away and it would take millions of qubits and massive computing power. But we were wrong.. Google Quantum AI just dropped a paper proving you don't need a futuristic supercomputer to break the elliptic curve cryptography that secures Bitcoin and Ethereum. You only need 1,200 logical qubits. That is a 20-fold reduction in the hardware previously thought necessary to crack the network. Here is the terrifying part: When you send Bitcoin, your public key is exposed in the "mempool" for about 10 minutes before the transaction is confirmed in a block. Google’s researchers compiled a quantum circuit that can theoretically derive your private key from that exposed public key in roughly 9 minutes. It takes the dreaded "mempool attack" and turns it into a mathematical reality. Now, take a deep breath. Existing crypto is not dead today. Google did not actually execute this hack. The physical hardware required to run this circuit (roughly 500,000 physical qubits) does not exist yet. Today's best quantum computers are only hovering around 1,000 physical qubits. But the math is officially solved and Google just proved exactly how to build the key.

@BrentScher …. which makes a ULCC model look a little shaky in volatile environments. Bulletproof resilience and razor thin margins aren’t best friends.

Third thing: an airline shouldn’t exist if it can’t handle a 2 month increase in fuel prices. It should probably merge with a better business that can. So point two is stupid.

@LaCienegaBlvdss Sorting makes it simple to find published fares that have little to do with fares actually sold.

Lmao I told y’all. Even if you’ve never bought a ticket for a Spirit flight in your life you’ve benefited from the company’s existence. That’s why a federal judge blocked the merger between them and Jet Blue.

@EdidiongAkwa @anishmoonka American Airlines — 48.7% leased — americanairlines.gcs-web.com/static-files/a… (americanairlines.gcs-web.com in Bing) United Airlines — ~12% leased — ir.united.com/financials/sec… (ir.united.com in Bing) (From UA 2024 Form 10‑K: 218 leased out of ~1,088 mainline aircraft)

@anishmoonka This is why understanding Counterparty Risk matters. 76% leased means Spirit was essentially a logistics company with a marketing budget, not an aviation giant. The house always wins.

Spirit Airlines shut down at 3am Eastern this morning. Hundreds of their planes are sitting at airports and storage yards right now. You're not buying any of them for $1000. It comes down to who actually owned them in the first place. About 76% of Spirit's planes were rented from huge leasing companies. The biggest, AerCap, is based in Dublin and rents out more than 2,000 jets to airlines around the world. When Spirit stopped paying rent, those planes went straight back to the owners. Spirit never had the legal right to sell them. About 53% of all passenger jets in the world belong to leasing companies, not the airlines flying them. In parts of Asia it gets close to 60%. So when an airline collapses, more than half its fleet vanishes back to the owners within days. The leasing companies fly the planes to storage yards in Ireland or the Arizona desert, repaint them, and rent them out to a new airline within months. After Thomas Cook went bust in 2019, 17 of its passenger jets were flying again for Jet2, Turkish Airlines, VietJet, and Air Transat within three months. That leaves the planes Spirit actually owned, about 50 of them. Those get sold off to pay creditors. A used passenger jet sells for $15 to $30 million whole. A single engine on that plane is worth $4 to $7 million by itself, and the plane has two engines. The empty metal body of the plane in scrap condition sells for about $1.3 million. So two engines together are worth $8 to $14 million while the bare metal of the plane is worth about a million. The numbers say rip the plane apart. Engines make up 80 to 90% of the value when a plane gets broken up for parts. In 2025, a few fairly new jets got scrapped, only 6 to 8 years old. Nothing was wrong with them. The engines were worth more rented out separately than the whole plane was worth in one piece. So the real answer: rented planes go back to companies like AerCap, owned planes get torn apart and their engines fly on with another airline, and an empty plane body in the Arizona desert costs about as much as a small house. $1000 might get you a Spirit flight attendant uniform on eBay if you're patient.

@ChatGPTapp + @FAANews FAA ATCSCC Advisory 012 outlines today’s operational plan: thunderstorms affecting the Southeast, Gulf Coast, and Denver areas with delays at ATL, MIA, and DEN. Expect ground delay and airspace flow programs.

As a German, I find the political situation in United States very stressful. How hard must it be for the American people???

@mistressdivy Hudson’s Bay Company. Nobody buys a bay anymore.

What’s the dumbest name for a business? I’ll start: Fifth Third Bank

@kkfla737 @SpiritAirlines

So understand because I’m a local person who focuses on local and promotes local, whatever your thoughts about @SpiritAirlines , them shutting down is a devastating emotional thing for me personally. It just really is I have personal ties to the airline & they’ve been good to me.

@Copilot reads @APNews “Trump says the U.S. will reduce number of troops in Germany 'a lot further' than withdrawal of 5,000” cnbc.com/amp/2026/05/02…