Travel
Hilton CEO Chris Nassetta says hotel chain not seeing any signs of travel slowdown
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Chris Nassetta, Hilton Worldwide CEO, joins ‘Squawk on the Street’ to discuss if Nassetta sees any sign of a slowdown in travel, how they’ve managed to see continued demand and if more price hikes are coming. Source
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Watch CNBC’s full interview with JetBlue Airlines CEO Robin Hayes
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email JetBlue Airlines CEO Robin Hayes sits down with CNBC’s Phil LeBeau to discuss the company’s enhanced deal for Spirit Airlines amid its planned merger with Frontier Airlines. Hayes also reacts to concerns that a potential deal between JetBlue and Spirit would face […]
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Frontier offers $250 million reverse breakup fee if regulators block Spirit merger
A Frontier Airlines plane near a Spirit Airlines plane at the Fort Lauderdale-Hollywood International Airport on May 16, 2022 in Fort Lauderdale, Florida. Joe Raedle | Getty Images Frontier Airlines’ parent company on Thursday said it would pay a $250 million reverse breakup fee to Spirit Airlines if regulators don’t approve the planned combination of […]
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There’s no quick fix for the airlines, aviation analyst says
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Alexander Irving, an equity research analyst covering European transport at Bernstein, says the aviation industry isn’t prepared for the demand, which has roared back in recent weeks. Source
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United Airlines plans $100 million expansion of pilot training center during hiring spree
A United Airlines passenger aircraft prepares to leave its gate and taxi to the runway at San Francisco International Airport in San Francisco, California. Robert Alexander | Getty Images United Airlines plans to break ground Wednesday on an expansion of its training center in Denver, an initiative aimed at getting thousands of pilots ready to […]
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Delta hikes sales forecast to pre-pandemic levels thanks to jump in travel demand and fares
Delta airplanes are seen at John F. Kennedy International Airport during the spread of the Omicron coronavirus variant in Queens, New York City, U.S., December 26, 2021. Jeenah Moon | Reuters Delta Air Lines expects its revenue to return to 2019 levels this quarter thanks to a surge in travel demand and higher fares that […]
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Indonesia saw a strong tourism rebound in the first quarter of 2022, says minister
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Future Tech Asia Sandiaga Uno, Indonesia’s minister of tourism and creative economy, says it is removing some Covid-19 measures as foreign tourists return. 02:18 an hour ago Source
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Japan wants to boost domestic tourism, says industry body
Tadashi Shimura of the Japan Association of Travel Agents discusses the country’s travel outlook. Source
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Malaysia will, barring some caveats, ‘absolutely not’ close its borders again, says health minister
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Khairy Jamaluddin, Malaysia’s health minister, says the country must send a signal to the world that it’s open for business and isn’t backtracking on that. Source
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The Hamptons summer rental market is facing an unexpected chill as inventory piles up and prices come down
The rental market in the Hamptons is facing an unexpected chill this summer. After two years of strong demand and soaring prices, the supply of rentals in the Hamptons is surging, leading to a wave of last-minute price cuts. Median rental prices in the first quarter fell 26%, according to Jonathan Miller, CEO of Miller […]
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