Travel
The release of pent-up demand in the travel industry is still underway, says Mastercard
David Mann of the Mastercard Economics Institute discusses the findings from its latest travel report. Source
Read More
Singapore Airlines has a ‘first mover advantage’ thanks to the country’s reopening: Industry expert
Greg Waldron, Asia managing editor of FlightGlobal, discusses the airline’s “dramatic” improvement in earnings. Source
Read More
United Airlines says FAA has cleared 52 Boeing 777s to fly again after they were grounded for engine failure
A United Airlines Holdings Inc. Boeing 777-200 aircraft on the tarmac at San Francisco International Airport (SFO) in San Francisco, California, U.S., on Thursday, Oct. 15, 2020. David Paul Morris | Bloomberg | Getty Images United Airlines said Tuesday that the Federal Aviation Administration has cleared the path for the return of 52 Pratt & […]
Read More
International travel in first and business class is recovering faster than in economy: Industry body
© 2022 CNBC LLC. All Rights Reserved. A Division of NBCUniversal Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Market Data Terms of Use and Disclaimers Data also provided by Source
Read More
United reaches new contract deal with pilots union, the first of the major airlines in pandemic
Boeing 777ER United Airlines. Aircraft to Fiumicino Leonardo da Vinci Airport. Massimo Insabato | Mondadori Portfolio | Getty Images United Airlines and its pilots’ labor union have reached an agreement on new contract terms, the first of the major carriers to strike a deal since the start of the pandemic. The crisis roiled the industry […]
Read More
Are stratospheric balloon rides to ‘space’ safe?
These balloons will travel 30 to 40 kilometers high and the journeys are said to be so smooth that passengers can eat, drink and walk around during the flight. CNBC’s Monica Pitrelli reports. Source
Read More
Want to travel to space? In 2024, balloons might take you part of the way there
Nearly half of Americans want to travel to space. But that means the other half doesn’t, according to a 2021 survey by ValuePenguin, one of LendingTree’s financial research websites. Nearly 40% said space travel was too dangerous, while others worried about environmental impact and costs. Soon there will be an option that addresses those worries, […]
Read More
U.S. airline bookings dropped 17% in April as flights got even more expensive
A Southwest Airlines aircraft taxis as an American Airlines aircraft lands at Reagan National Airport in Arlington, Virginia, U.S., January 24, 2022. Joshua Roberts | Reuters U.S. airline bookings dropped 17% last month from March, according to a report from Adobe published Thursday, one of the first signs of cooling demand for air travel as […]
Read More
Dubai Airports passenger traffic may reach pre-Covid levels in 2024, CEO says
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Paul Griffiths, CEO of Dubai Airports, says the “extremely encouraging” results from the first quarter of 2022 caused the company to revise its forecast for passenger traffic upward. Some flight routes have exceeded pre-Covid traffic levels, he says. Source
Read More
Inflation hasn’t affected travel activity in Europe that much, says Indian hospitality firm
Mandar Vaidya of Oyo says that’s probably because of pent-up demand. Source
Read More