Industries

Hospitality & Travel

Marriott posts bigger-than-expected loss as virus hits bookings

Marriott posts bigger-than-expected loss as virus hits bookings

By: Reuters
Source: CNBC
Date of Publication: August 10th, 2020
U.S. hotel operator Marriott International posted a bigger-than-expected quarterly loss on Monday, as the coronavirus pandemic curbed global travel and led to a plunge in room bookings.
Royal Caribbean eyes COVID-19 testing to help restart cruises

Royal Caribbean eyes COVID-19 testing to help restart cruises

By: Uday Sampath Kumar
Source: Reuters
Date of Publication: August 10th, 2020
Royal Caribbean Group (RCL.N) said on Monday testing passengers for COVID-19 was “very likely” going to be part of a new set of safety measures planned to get its ships to resume sailing after months of being docked.
Uber's delivery service is now bigger than its rides business

Uber's delivery service is now bigger than its rides business

By: Sara Ashley O'Brien
Source: CNN Business
Date of Publication: August 6th, 2020
As the pandemic ground its ride-hail business to a halt, Uber's delivery service took on new importance. Now, it's Uber's biggest source of revenue.
MGM Resorts Revenue Falls 91%

MGM Resorts Revenue Falls 91%

By: Katherine Sayre
Source: The Wall Street Journal
Date of Publication: July 30th, 2020
MGM Resorts International posted a 91% decline in quarterly revenue, the latest casino operator to reveal the continuing financial blow of pandemic shutdowns and curtailed global travel on the gambling industry.
Alaska Airlines will enforce face coverings- No mask, no travel, no exceptions

Alaska Airlines will enforce face coverings- No mask, no travel, no exceptions

By: Dominic Gates
Source: The Seattle Times
Date of Publication: August 5th, 2020
Starting Friday, all Alaska Airlines passengers age 2 and older will be required to wear a cloth mask or face covering over their nose and mouth as a safeguard against spreading the coronavirus — with no exceptions.
Virgin Atlantic airline files for US bankruptcy protection

Virgin Atlantic airline files for US bankruptcy protection

Source: Associated Press
Date of Publication: August 4th, 2020
Virgin Atlantic, the airline founded by British businessman Richard Branson, filed Tuesday for protection in U.S. bankruptcy court as it tries to survive the virus pandemic that is hammering the airline industry.
JetBlue Airways swings to quarterly loss and expects revenue to drop 80% in third quarterv

JetBlue Airways swings to quarterly loss and expects revenue to drop 80% in third quarter

By: Leslie Josephs
Source: CNBC
Date of Publication: July 28th, 2020
JetBlue Airways is the latest carrier to post a quarterly loss and warn investors of a choppy recovery in demand. The New York-based airline forecast third-quarter revenue will likely fall around 80% on the year.
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.