Industries

Hospitality & Travel

Air Travel Is Going to Be Very Bad, for a Very Long Time

Air Travel Is Going to Be Very Bad, for a Very Long Time

By: James Fallows
Source: The Atlantic
Date of Publication: May 11th, 2020
An article on the difficulty that airlines face in returning to anything approaching normal service after Covid-19
From Facebook to KFC - 11 Brands Honor Moms in Light of the Pandemic

From Facebook to KFC—11 Brands Honor Moms in Light of the Pandemic

By: Mónica Marie Zorrilla
Source: Ad Week
Date of Publication: May 8th, 2020
Mother's Day may look different this year, but it's a holiday worth celebrating
How To Rebuild Your Brand After A Crisis

How To Rebuild Your Brand After A Crisis: 4 Guiding Principles

By: Kevin Loftus
Source: CEO World Magazine
Date of Publication: May 8th, 2020
In the summer of 2019, I sat down with 10 branding executives—each of whom had advised on some of the most high-profile branding crises in modern history. I gathered their inside perspectives on what works to rebuild brand, and uncovered four guiding principles through which brands can evaluate their post-crisis actions.
Hertz Bankruptcy And Fleet Liquidation Threaten To Make Mess Of Used-Vehicle Prices With Burst Of 'Pent-Up Supply'

Hertz Bankruptcy And Fleet Liquidation Threaten To Make Mess Of Used-Vehicle Prices With Burst Of 'Pent-Up Supply'

By: Wolf Richter
Source: Seeking Alpha
Date of Publication: May 25th, 2020
Here come the “bankruptcy-remote special-purpose subsidiaries” and $14.5 billion in rental-vehicle-backed securities. The Chapter 11 bankruptcy filing of Hertz Corporation and its US and Canadian subsidiaries threatens to make a royal mess of used-vehicle wholesale prices. Further valuation pressures and bigger losses for Hertz creditors, the entire rental car industry, and leasing companies that also have to dispose of their vehicles.
World's second-oldest airline, Avianca, driven to bankruptcy by coronavirus

World's second-oldest airline, Avianca, driven to bankruptcy by coronavirus

By: Marcelo Rochabrun, Devika Krishna Kumar, Nelson Bocanegra
Source: Reuters
Date of Publication: May 10th, 2020
Avianca Holdings AVT_p.CN, Latin America’s second-largest airline, filed for bankruptcy on Sunday, after failing to meet a bond payment deadline, while its pleas for coronavirus aid from Colombia’s government have so far been unsuccessful.
JetBlue CEO pays tribute to six employees who died from coronavirus

Six JetBlue employees have died from coronavirus. Here's how the CEO paid tribute.

By: Dawn Gilbertson
Source: USA TODAY
Date of Publication: May 6th, 2020
JetBlue CEO Robin Hayes began the company's conference call with a tribute to six JetBlue employees who died from coronavirus.
A Message from Co-Founder and CEO Brian Chesky

A Message from Co-Founder and CEO Brian Chesky

By: Brian Chesky
Source: Airbnb
Date of Publication: May 4th, 2020
Airbnb CEO and co-founder Brian Chesky announces layoffs of nearly 25% of the company's workforce.
Thank You For Not Riding | Uber

Thank You For Not Riding | Uber

By: Uber
Source: Youtube
Date of Publication: April 8th, 2020
Uber's ad campaign: Thank you for not riding with us, focused on stopping the spread of coronavirus.
Uber Is Reducing Workforce by 14% and Signals More Cuts to Come_Bloomberg

Uber Is Reducing Workforce by 14% and Signals More Cuts to Come

By: Lizette Chapman
Source: Bloomberg
Date of Publication: May 6th, 2020
Uber move eliminates 3,700 positions in support and recruiting. Company will permanently close 40% of driver support centers
Airbnb Is Cutting 25% of Staff Amid Global Travel Slump_Bloomberg

Airbnb Is Cutting 25% of Staff Amid Global Travel Slump

By: Olivia Carville
Source: Bloomberg
Date of Publication: May 5th, 2020
Home-share startup will dismiss 1,900 employees worldwide Airbnb’s revenue for 2020 cut in half by Covid-19, CEO says