Industries

Hospitality & Travel

Airlines lose billions as demand ‘stalled,’ CEOs warn recovery hinges on a coronavirus vaccine

Airlines lose billions as demand ‘stalled,’ CEOs warn recovery hinges on a coronavirus vaccine

By: Leslie Josephs
Source: CNBC
Date of Publication: July 23rd, 2020
Airlines are posting billions in losses and scrambling to stanch their cash burn. Executives have warned that demand is softening because of a spike in coronavirus cases and new travel restrictions. Carriers are growing more cautious about adding more flights.
Nearly 17,000 Southwest employees sign up for buyouts, voluntary leave as furlough threat looms

Nearly 17,000 Southwest employees sign up for buyouts, voluntary leave as furlough threat looms

By: Leslie Josephs
Source: CNBC
Date of Publication: July 20th, 2020
Nearly 17,000 Southwest employees, or 28% of the workforce, signed up for leaves of absence or early retirement.
End of the jumbo: British Airways retires 747 early due to coronavirus crisis

End of the jumbo: British Airways retires 747 early due to coronavirus crisis

By: Sarah Young, Maria Ponnezhath, Tim Hepher
Source: Reuters
Date of Publication: July 15th, 2020
British Airways, the world’s largest operator of Boeing 747s, will retire its entire jumbo jet fleet with immediate effect after the COVID-19 pandemic sent air travel into freefall.
Delta will avoid pilot furloughs if they agree to reduced minimum pay: memo

Delta will avoid pilot furloughs if they agree to reduced minimum pay: memo

By: David Shepardson
Source: Reuters
Date of Publication: July 17th, 2020
Delta Air Lines told pilots on Friday it would avoid furloughs if they agreed to reduced guaranteed minimum pay, according to a memo seen by Reuters.
Uber offers COVID-19 contact tracing help amid chaotic U.S. response

Uber offers COVID-19 contact tracing help amid chaotic U.S. response

By: Tina Bellon
Source: Reuters
Date of Publication: July 20th, 2020
Uber Technologies Inc has quietly launched a service to give public health officials quick access to data on drivers and riders presumed to have come into contact with someone infected with COVID-19, company officials told Reuters.
Lyft to provide drivers with partition shields as coronavirus protection

Lyft to provide drivers with partition shields as coronavirus protection

By: Tina Bellon
Source: Reuters
Date of Publication: July 17th, 2020
Lyft Inc (LYFT.O) said on Friday it would distribute some 60,000 vehicle partition shields to its most-active drivers as a protection against the coronavirus and begin selling the custom-made protective barriers to other drivers later this summer.
Airbnb says one million nights booked in one day

Airbnb says one million nights booked in one day

Source: Reuters
Date of Publication: July 14th, 2020
Home rental firm Airbnb Inc said on Tuesday its guests have booked more than 1 million nights globally on July 8, offering an early sign of recovery after a slowdown in reservations during the COVID-19 pandemic.
Delta trims August flights amid resurgent virus, CEO says demand 'at a stall'

Delta trims August flights amid resurgent virus, CEO says demand 'at a stall'

By: Tracy Rucinski
Source: Reuters
Date of Publication: July 14th, 2020
Delta Air Lines (DAL.N) scaled back the flights it planned to add in August amid a surge in COVID-19 cases and warned it will be more than two years before the industry sees a sustainable recovery from the “staggering” impact of the pandemic.
Touchless: How the world's busiest airport envisions post-COVID travel

Touchless: How the world's busiest airport envisions post-COVID travel

By: Tracy Rucinski
Source: Reuters
Date of Publication: July 12th, 2020
With COVID-19 ravaging the aviation industry, airlines and airports worldwide are reining in costs and halting new spending, except in one area: reassuring pandemic-wary passengers about travel.
Airbnb could still IPO in 2020, CEO Brian Chesky says: ‘It has exceeded everything we expected’

Airbnb could still IPO in 2020, CEO Brian Chesky says: ‘It has exceeded everything we expected’

By: Jen Wieczner
Source: Fortune
Date of Publication: June 30th, 2020
Airbnb is hoping to lure customers back after the pandemic with a new cleanliness initiative.