Travel
SoftBank-backed TravelPerk doubles valuation to $2.7 billion, plans fintech push
TravelPerk CEO and co-founder Avi Meir. TravelPerk TravelPerk, a corporate travel platform, raised $200 million from investors including Atomico and EQT in a funding round valuing the firm at $2.7 billion, the company told CNBC. The fresh financing doubles TravelPerk’s market value from January 2024, when it raised $104 million on a $1.4 billion valuation. […]
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India and China agree to resume air travel after nearly five years
India and China have agreed to resume direct air services after nearly five years, India’s foreign ministry said Monday. Anadolu | Anadolu | Getty Images India and China have agreed to resume direct air services after nearly five years, India’s foreign ministry said on Monday, signaling a thaw in relations between the neighbors after a deadly 2020 military clash on their disputed Himalayan border. […]
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Air travel in India remains ‘largely unpenetrated’: IndiGo CEO
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Pieter Elbers, CEO of IndiGo, discusses the airline’s third-quarter results. He says both domestic and international demand for air travel remains “very strong.” Source
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China’s Lunar New Year travel expected to ‘maintain strong momentum’, says analyst
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Yang Lei, China Equity Research Analyst at CGI, explains why there’s been consistent growth in Chinese travel, despite citizens being generally more cautious with their spending. Source
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JetBlue offers some pilots early retirement packages, union says
A passenger arrives at Ronald Reagan Washington National Airport on November 21, 2023 in Arlington, Virginia. Alex Wong | Getty Images JetBlue Airways is offering early retirement packages to some of its pilots, their labor union told members on Friday. The carrier has been working to cut costs and raise up revenue with initiatives such […]
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Boeing details losses from labor strike, new contract
An aerial view of the engines and fuselage of an unpainted Boeing 737 MAX airplane parked in storage at King County International Airport-Boeing Field in Seattle, Washington. Lindsey Wasson | Reuters Boeing on Thursday released preliminary fourth-quarter financial results that were impacted by a nearly two-month labor strike and a new labor agreement last year, […]
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Airlines flex pricing power, signaling higher fares in 2025
Travelers walk through O’Hare International Airport in Chicago, Illinois, on December 20, 2024 ahead of the upcoming Christmas holiday. Kamil Krzaczynski | AFP | Getty Images Higher airfare is in store this year as strong demand, even during the dead of winter, and limited capacity growth prompt airlines to flex their pricing power. Fare-tracking platform […]
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American Airlines shares tumble as outlook falls short
An American Airlines Boeing 787-8 Dreamliner departs from Los Angeles International Airport en route to Tokyo on September 19, 2024 in Los Angeles, California. Kevin Carter | Getty Images American Airlines‘ first-quarter earnings outlook on Thursday fell short of analysts’ estimates, sending shares down more than 10%. The carrier forecast an adjusted loss per share […]
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He bought an abandoned tin mine in Phuket in 1984. Now, his hotel chain is worth over $200 million
Ho Kwon Ping is the co-founder and executive chairman of Banyan Group. Bloomberg | Bloomberg | Getty Images Growing up, Ho Kwon Ping didn’t think he’d become a businessman, let alone a hotel tycoon. “I had not always wanted to be an entrepreneur,” he told CNBC Make It. “It’s just that the few times where […]
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‘The best experience’: He’s been on 30 trips with a company that links travelers who can see with those who can’t
Glyn Evans has been on 30 trips with the same travel company, but he can still pinpoint the moment that stands out as his favorite. During a trip to Las Vegas, he served as best man for a couple on the same tour who got married on a whim. Yet unlike most weddings, the bride […]
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