Industries

Hospitality & Travel

Bankrupt Hertz files to sell up to $500 million in stock, with warning they could be 'worthless'

Bankrupt Hertz files to sell up to $500 million in stock, with warning they could be 'worthless'

By: Tomi Kilgore
Source: Market Watch
Date of Publication: June 15th, 2020
Shares of Hertz Global Holdings Inc. HTZ, -13.78% plunged 20% in premarket trading Monday, after the bankrupt car rental company filed for the sale up up to $500 million worth of common stock. The filing comes after Hertz received approval on Friday from a bankruptcy court to sell up to $1 billion in stock. The company warned in the filing that because the company is bankrupt, the common stock could be rendered "worthless."
American, Delta say demand uptick helping cash burn; United requiring health checklists

American, Delta say demand uptick helping cash burn; United requiring health checklists

By: David Shepardson, Tracy Rucinski
Source: Reuters
Date of Publication: June 10th, 2020
American Airlines Group Inc (AAL.O) and Delta Air Lines Inc (DAL.N) said on Wednesday that a modest recovery in demand was helping to slow daily cash burn rates in June after the U.S. government reported record low passenger numbers in April amid the coronavirus pandemic.
How Uber hailed a deal with Grubhub only to let it slip

How Uber hailed a deal with Grubhub only to let it slip

By: Krystal Hu, Greg Roumeliotis
Source: Reuters
Date of Publication: June 11th, 2020
Uber Technologies Inc (UBER.N) CEO Dara Khosrowshahi has spent much of his career deftly negotiating acquisitions. Yet his $6.5 billion all-stock bid for Grubhub Inc (GRUB.N) ended with the food delivery company being acquired by European rival Just Eat Takeway.com NV (TKWY.AS).
Coronavirus is forcing Uber to return to its start-up roots

Coronavirus is forcing Uber to return to its start-up roots

By: Faiz Siddiqui
Source: Washington Post
Date of Publication: May 26th, 2020
With rides down as much as 80 percent, the pandemic is testing whether Uber and other large start-ups can still innovate
Not Every Hotel Brand Will Survive Covid-19, Execs Say_Adweek

Not Every Brand Will Survive Covid-19, According to Hotel Executives

By: Ryan Barwick
Source: Adweek
Date of Publication: June 3rd, 2020
CEOs of Marriott, Hilton, IHG and Hyatt spoke to hospitality students about the state of the industry.
The Way Forward_ Travel and Transportation Edition_Adweek

Travel and Transportation Takeaways From Adweek Presents: The Way Forward

By: Kathryn Lundstrom
Source: Adweek
Date of Publication: June 3rd, 2020
Hyundai CMO and JetBlue chairman on leadership during turbulent times.
Airlines Add Flights as Travel Slowed by the Coronavirus Starts to Pick Up_WSJ

Airlines Add Flights as Travel Slowed by the Coronavirus Starts to Pick Up

By: Alison Sider
Source: The Wall Street Journal
Date of Publication: June 4th, 2020
American Airlines Group Inc. on Thursday joined other carriers in restoring some flying that was curtailed due to the coronavirus pandemic, as parts of the country start to reopen.
The Cutting-Edge Technology That’ll Make Cruising Safe Again

The Cutting-Edge Technology That’ll Make Cruising Safe Again

By: Fran Golden
Source: Bloomberg
Date of Publication: June 3rd, 2020
Wearable devices for crowd control, digital casinos, and robot crew members are just a few of the interventions being pursued by ship designers.
Brands will be defined by how they handled the virus_Marketing Week

Brands will be defined by how they handled the virus

By: Tanya Joseph
Source: Marketing Week
Date of Publication: May 14th, 2020
Brands have to make tough choices affecting customers and staff during this pandemic, but acting honourably and communicating honestly will preserve trust.
Trains, planes and trucks are rebounding. That's a good sign for the US economy

Trains, planes and trucks are rebounding. That's a good sign for the US economy

By: Paul R. La Monica
Source: CNN Business
Date of Publication: June 3rd, 2020
When people are going places and goods are being shipped from point A to point B, that's the sign of a healthy economy. We're not there just yet, but there are nascent indications of a turnaround.