Travel
Asia-Pacific’s travel industry won’t recover fully without China, says analyst
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Brendan Sobie of Sobie Aviation says China is crucial to the region’s travel market, and the loss of much of it, as a result of its strict Covid measures, is “a void you cannot fill.” Source
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Flights suspended at London airport after runway damaged during heat wave
A sign reading “Welcome to Luton” is seen from an aircraft on arrival to Gatwick Airport, London, Britain, May 23, 2022. Tom Nicholson | Reuters Extreme heat in the U.K. on Monday caused runway damage and disrupted military and civilian flying, airport officials said. A heat wave has engulfed much of Western Europe, with temperatures […]
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Higher hotel prices look sustainable if we deliver on the service, says Marriott CEO
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Tony Capuano, Marriott CEO, joins ‘Squawk on the Street’ to discuss where Capuano sees the opportunity for Marriott going, when foreign travelers into the U.S. gets back to pre-pandemic levels and how the luxury business will perform amidst current market volatility. Source
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Airlines need to make sure their networks meet customer demands, says FAA’s Bill Nolen
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Squawk Box Bill Nolen, FAA acting administrator, joins ‘Squawk Box’ to discuss airline cancellations, summer travel demand, and the airline industry. 04:38 an hour ago Source
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Delta buys 100 Boeing Max planes, its first major order with the manufacturer in more than a decade
Delta Air Lines planes at John F. Kennedy Airport in New York. Getty Images Delta Air Lines is buying 100 Boeing 737 Max 10 planes, its first major order for new aircraft from the U.S. manufacturer in more than a decade. The deal has options for 30 more of the planes. Deliveries are slated to […]
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Argus downgrades Delta citing weak outlook following second-quarter earnings
Argus downgraded shares of Delta Air Lines to hold from buy, citing weaker-than-expected quarterly earnings and a less-than-stellar outlook. Shares of the Atlanta-based carrier have shed nearly 24% year-to-date through Thursday’s close. While Delta benefited from the rollback in Covid-19 travel restrictions and increased demand for international flights, it’s also been hit by capacity reductions […]
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Amusement parks like Six Flags, Disney and Universal spend millions on safety
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Though the amusement park industry has been around since the 1550s, rides are not federally regulated. State regulation only began in 1981. At Six Flags, along with many other parks, safety costs millions. That includes adherence to international safety standards and internal […]
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At amusement parks like Six Flags and Disney, safety is a multimillion-dollar business
At amusement parks like Six Flags, Disney World and Universal — safety is a multimillion-dollar business. Injuries and deaths are becoming increasingly rare, with fewer than 1 injury per million rides in 2019, according to the National Safety Council. Ride-related injuries dropped by more than 60% between 2004 and 2019, according to the International Association […]
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Travel chaos, labor unrest and extreme heat in focus at Britain’s first major air show since the pandemic
Britain’s Farnborough International Airshow will showcase the most advanced aircraft across commercial and military aviation design. Bloomberg | Bloomberg | Getty Images LONDON — Britain’s Farnborough International Airshow will make its long-awaited return next week, with aerospace and defense industry leaders poised to gather against a backdrop of travel chaos and labor unrest. The five-day […]
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Emirates Airline slams Heathrow Airport’s ‘unacceptable’ demand to cut flights, refuses to comply
The airline industry has been hamstrung by a perfect storm of challenges over recent weeks, from labor shortages and supply disruptions to rising fuel prices. Sopa Images | Lightrocket | Getty Images DUBAI, United Arab Emirates — Emirates Airline has harsh words for London’s Heathrow Airport, the U.K.’s largest aviation hub currently beset by travel […]
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