Airlines expect record traveler numbers and revenues in 2024 but will continue to be constrained by the high cost of capital and limited capacity, the International Air Transport Association (IATA) said on Wednesday. The industry group expects the sector’s net profits to reach $25.7 billion in 2024 on a 2.7% net profit margin, a slight …
The signs are pointing to a bumper travel year in 2024 Read More »
Shares of Tui were roughly 9% higher mid-morning Wednesday after the German travel group posted full-year results that showed underlying earnings before interest and taxes (EBIT) soared 139%. Revenue rose 11% to 8.5 billion euros ($9.17 billion), while investors zeroed in on a forecast for EBIT to increase by at least 25% year-on-year in 2024. Additional interest was generated by …
Europe travel giant Tui rallies after it forecasts 25% jump in operating profit Read More »
Airbnb CFO Dave Stephenson, who helped guide the company through Covid-19 tumult and an initial public offering, will transition into a newly created chief business officer role, Airbnb CEO Brian Chesky said in a Tuesday note to employees viewed by CNBC. Stephenson’s new position is effective January 2024, the company said. Airbnb’s vice president of …
Airbnb CFO Dave Stephenson moves to new role as company reaches 'inflection point' Read More »
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Ari Wald, Oppenheimer, joins ‘Power Lunch’ to discuss the technical support for stocks that have doubled this year but still fall below target price. Source link
Alaska Air Group‘s executives spent months working on its plan to buy rival Hawaiian Airlines. The airlines’ leaders will now spend many more trying to convince regulators the acquisition should go ahead. It could be the latest in a string of challenges brought by President Joe Biden’s Justice Department against airline deals it views as …
Alaska Airlines has agreed to acquire its rival Hawaiian Airlines in a deal valued at about $1.9 billion, as the companies make a push to expand along the West Coast. The purchase values Hawaiian Airlines at $18 per share, and includes the inheritance of $900 million of the company’s debt, according to a press release …
Alaska Airlines says it's buying Hawaiian Airlines in $1.9 billion deal Read More »
Southwest Airlines and its pilots’ union are closing in on a new contract that would raise pay for the carrier’s more than 11,000 aviators and end months of contentious negotiations, weeks ahead of the crucial holiday travel season. The company and the union have agreed on pay, retirement and other items but are working on …
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email James Liang, co-founder and chairman of Trip.com Group, shares one piece of advice he would have given his younger self while building the online travel platform. Source link
Spirit Airlines is offering voluntary exit packages to salaried employees, the budget carrier’s latest cost-cutting measure as it expects financial strains to continue next year. The airline has been facing weak off-peak demand and last month said it will have to ground an average of 26 Airbus A320neo aircraft for inspections of engines made by RTX unit …
Spirit Airlines offers buyouts to salaried employees to cut costs Read More »
Nashville hot chicken had its humble beginnings nearly a century ago. Now, the specialty chicken style is a national phenomenon. The Tennessee city has numerous hot chicken restaurants competing for the top spot, as both locals and tourists flock to get a taste of the dish. At the same time, large fast-food companies such as …
