Travel
Ascott plans to double India portfolio, says limited supply provides room for growth
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Lee Ngor Houai, Ascott COO for EMEA, South Asia, and China, discusses the company’s plan to expand its portfolio in India to 12,000 units by 2028, with limited supply providing ample room for growth. He remains optimistic about India’s growth prospects, driven […]
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American Airlines withdraws 2025 forecast on murky economic outlook
American Airlines withdrew its 2025 financial guidance on Thursday, joining other carriers that are grappling with an uncertain outlook on the U.S. economy and weaker-than-expected leisure travel bookings this year. “We came off a strong fourth quarter, saw decent business in January and really domestic really travel fell off considerably as we went into the […]
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Fewer Americans are planning summer vacations. Travel costs aren’t the top reason
Fewer Americans are planning to travel this summer, according to a survey by the consumer finance company Bankrate. Some 46% of respondents said they are planning a summer vacation this year — down from 53% in 2024. Of those who don’t intend to travel, nearly two-thirds (65%) said money was the main reason. However, it’s […]
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We are still short on planes and engines, says Korean Air Chairman
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Korean Air CEO and Chairman, Walter Cho, discusses airline’s supply chain shortages, navigating Trump’s tariff issues and its merger with Asiana Airlines. Source
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Alaska Airlines warns of slower demand as second-quarter profit outlook falls short
An Alaska Airlines Boeing 737 MAX 9 plane sits at a gate at Seattle-Tacoma International Airport on Jan. 6, 2024. Stephen Brashear| Bloomberg | Getty Images Alaska Airlines on Wednesday warned that softer travel demand will eat into earnings in the second quarter, the latest in a chorus of carriers seeing weaker-than-expected bookings. Alaska said […]
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Alaska Airlines warns of slower demand as second-quarter profit outlook falls short
An Alaska Airlines Boeing 737 MAX 9 plane sits at a gate at Seattle-Tacoma International Airport on Jan. 6, 2024. Stephen Brashear| Bloomberg | Getty Images Alaska Airlines on Wednesday warned that softer travel demand will eat into earnings in the second quarter, the latest in a chorus of carriers seeing weaker-than-expected bookings. Alaska said […]
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Southwest to cut flights this year, pulls guidance, citing ‘macroeconomic uncertainty’
LAS VEGAS, NEVADA – MARCH 15: A Southwest Airlines Boeing 737 airplane departs from Harry Reid International Airport as another airplane taxis on March 15, 2025 in Las Vegas, Nevada. (Photo by Kevin Carter/Getty Images) Kevin Carter | Getty Images News | Getty Images Southwest Airlines said Wednesday that it will reduce its capacity in […]
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Travel + Leisure CEO: Didn’t see travel impacted in Q1 despite poor economic sentiment
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Mike Brown, Travel + Leisure president and CEO, joins ‘The Exchange’ to discuss the recent drama in the travel sector, if visitors from other countries are still visiting the U.S., and much more. Source
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International tourism to the U.S. slumps, but Americans can’t stop traveling overseas
Tourists look at the Bridge of Sighs in Venice, Italy, on Aug. 25, 2021. Andrea Merola | Bloomberg | Getty Images Caroline Smith, an accounting director from Verona, New Jersey, and her husband took their two children to Italy for Easter break this month. On the Spanish Steps in Rome, they ran into another family […]
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Boeing CEO says China has stopped taking its aircraft amid trade war
China has ordered its airlines not to take any further deliveries of Boeing Co. jets as part of the tit-for-tat trade war that’s seen US President Donald Trump levy tariffs of as high as 145% on Chinese goods. Bloomberg | Bloomberg | Getty Images Boeing could hand over some of its aircraft that were destined […]
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