Hospitality & Travel

Southwest Airlines (LUV.N) said on Wednesday it has enough cash to carry on business for the next two years, up from its prior forecast of 20 months, as travel demand gradually picks up.

United Airlines (UAL.O) sweetened on Tuesday a voluntary exit package for frontline employees like flight attendants and gate agents, saying it needed “a lot more people to sign up” to avoid involuntary layoffs in October, according to a staff email seen by Reuters.

Like just about everyone, Hotels.com had to change plans when the pandemic arrived.

Hotel operator’s job reductions amount to 2,100 employees as coronavirus hits travel, occupancy levels.

Investors don’t seem to trust the multi-year order backlogs of Boeing and Airbus, but airlines can’t easily walk back plane-purchase commitments.

United expects to have $17 billion in liquidity by the end of the third quarter as it grapples with the impact of the coronavirus pandemic.

Three months after the cruise industry stopped sailing in the heat of the coronavirus pandemic, 40,000 crew members are still stranded at sea – unpaid, with some still testing positive for the pathogen.

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 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.

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).