Travel
Citi: Cost per seat miles is rising across airlines
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Stephen Trent, Citi’s MD on Americas Airlines, compares discount airlines to bigger carriers, and how they’re navigating debt, labor & supply issues. Source
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Boeing starts furloughing tens of thousands of employees amid machinist strike
Workers with picket signs outside the Boeing Co. manufacturing facility during a strike in Everett, Washington, US, on Friday, Sept. 13, 2024. M. Scott Brauer | Bloomberg | Getty Images Boeing will furlough a “large number” of U.S. executives, managers and other staff, citing the ongoing machinist strike as the company races to preserve cash, […]
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These are the ’50 best hotels’ in the world for 2024
What has 101 suites and villas, views over Bangkok’s Chao Phraya river and costs from $600 per night? Capella Bangkok, 2024’s ‘best’ hotel in the world, according to ’50 Best.’ That’s the collective view of 600 anonymous global voters, comprising travel journalists, hoteliers and seasoned travel specialists, which determined the results of “The World’s 50 […]
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A push toward sustainable jet fuel is leaving investors with unanswered questions
Neste Oyj’s Singapore refinery in Singapore, one of the world’s biggest SAF plants, under construction on Wednesday, June 22, 2022. The site was chosen because its already a petrochemicals center with sound logistical connections and talent is readily available. Bloomberg | Bloomberg | Getty Images The aviation industry still sees so-called “sustainable aviation fuel” (SAF) […]
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High-end consumers continue to spend on travel, says Travel + Leisure CEO Mike Brown
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Mike Brown, president and CEO of Travel + Leisure, joins CNBC’s ‘The Exchange’ to discuss the company’s approach to work-from-home, consumer trends, and more. Source
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Boeing freezes hiring in sweeping cost cuts as it grapples with factory worker strike
Workers with picket signs outside the Boeing Co. manufacturing facility during a strike in Everett, Washington, US, on Friday, Sept. 13, 2024. M. Scott Brauer | Bloomberg | Getty Images Boeing announced sweeping cost cuts on Monday, including a hiring freeze, a pause on nonessential staff travel and a reduction on supplier spending to preserve […]
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When to book holiday travel this fall: ‘That window of low prices is brief,’ economist says
d3sign | Moment | Getty Images If you want — or need — to travel this holiday season, start planning now because the ideal time to book Thanksgiving, Christmas and New Year’s travel is fast approaching. “The most important thing is for travelers to continue to think about planning now and booking in October,” said […]
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Here’s what the Boeing strike might mean for flyers
Union members react as Aerospace Machinists District 751 President Jon Holden (out of frame) announces that union members rejected a proposed Boeing contract and will go on strike, following voting results at their union hall in Seattle, Washington, on September 12, 2024. Jason Redmond | Afp | Getty Images Boeing workers went on strike Friday, the latest disturbance […]
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Boeing CFO says strike will ‘jeopardize’ recovery, hit aircraft production
Union members hold picket signs during a news conference following a vote count on the union contract at the IAM District 751 Main Union Hall in Seattle, Washington, US, on Thursday, Sept. 12, 2024. M. Scott Brauer | Bloomberg | Getty Images Boeing CFO Brian West said a labor strike that began Friday will hurt […]
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‘I don’t think that was the right decision.’ Booking Holdings CEO on being labeled a ‘gatekeeper’ under EU law
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Booking Holding’s CEO Glenn Fogel told CNBC’s Monica Pitrelli that he isn’t against regulations, like the European Union’s Digital Markets Act, but that he wants “rules to apply to everybody equally.” Source
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