UK Regional Airline Flybe Shuts Down, Again
7 hours ago
Skift Global Forum East
There was good and bad news for airlines reporting earnings this week. The top-line good news is that carriers’ success or shortcomings were up to them rather than broader economic issues.
Alaska Airlines, one of the most profitable airlines in the U.S. throughout the 2010s, reported just a 5.5 percent operating margin for the fourth quarter — less than half what it generated, 11.3 percent, during the same period three years earlier. Read More.
JetBlue COO Joanna Geraghty/Skift
JetBlue Airways reported $2.4 billion worth of revenue during the fourth quarter of 2022, its highest ever in a fourth quarter, which the New York-based carrier attributed in part to significant growth in its TrueBlue loyalty program.
President and chief operating officer Joanna Geraghty said during JetBlue’s fourth-quarter earnings call on Thursday that TrueBlue recorded a 50 percent year-over-year increase in program enrollment in 2022, representing the most successful year in its history. Read More
Southwest CEO Robert Jordan/Skift
Southwest forecasts a $300-350 million hit to revenues as a result of the meltdown in January and February, it disclosed in its fourth-quarter results Thursday. That is on top of the roughly $800 million hit it took in December. But, by March, executives are confident that the fallout — at least on its earnings statement — will be fully behind it. Read More.
American Airlines CEO Bob Isom/Skift
Despite a number of constraints in the aviation industry, American Airlines has achieved a full year of profitability for the first time since 2019.
The airline had a total revenue in 2022 of $49 billion, an increase of 7 percent over 2019, and a total net income of $803 million — all while flying 8.7 percent less capacity. And that is despite a $1.9 billion pretax loss in the first quarter. Read More
EasyJet pulled off what is becoming the norm in the pandemic recovery: revenues that exceed pre-crisis numbers. But it was not high airfares that lifted it: In fact, direct passenger revenues were down 13 percent compared to the same period in 2019. It was ancillary revenues that really buoyed the airline’s total take. Read More
The number of inbound visitors prevented from coming to the U.S. due to visa delays
Projected lost revenue from curtailed inbound tourism in 2023
Loyalty is changing. Consumers want unique experiences, flexible pricing, and a simple reward redemption process. This report explores how hospitality companies can think bigger about loyalty, engage with customers beyond the hotel stay, and embrace the idea that “lifestyle is the new loyalty.”
As the travel and tourism sector charts a new course in the face of shifts in the economy, consumer behavior, demographics, and climate change, Dubai stands out for its bold, integrated strategy to improve quality of life while stimulating both economic growth and a stronger tourism sector.
Attend the travel industry’s leading events in person in 2023. Learn from the top executives and creatives shaping travel’s future.
Read more in-depth coverage of the travel industry from Skift’s editorial team.
Focused on connecting companies with Skift’s unique ecosystem of travel industry influencers and decision makers, our in-house marketing studio creates engaging, insightful content and experiences for brands.
The aviation sector’s premier source for exclusive news and insightful analysis, written by industry experts. We cover everything from who’s flying where, to innovative strategy, fleet, finance, and airline and airport data.
The world’s most respected online resource for event professionals, complete with free newsletters, articles, events, and reports – all focused on the latest event-specific trends, technology, innovation, and education.
Subscribers to Skift Pro get unlimited access to our in-depth reporting, exclusive interviews, and breaking news coverage to make decisions and get ahead of competitors.
We drove 2,400 miles and juiced up at 14 charging stations in August on a round-trip journey from New Jersey to Florida, and back. Our experience and my diary of that trip hopefully serves as a playbook for the companies that are still innovating for this still-nascent way to travel.
The Taj Mahal is many things to many people. However, some sectors in India are now keen to rewrite the monument’s history. Already beset by problems of overcrowding, pollution, apathy and infrastructure, the Taj can do with some rewriting of its present, not its past, to secure its future. Much of India’s tourism trade is riding on it.
March 2020 will go down in history as the month that travel screeched to a halt when a global pandemic was declared. This oral history is a collection of voices from across the travel industry of those sharing their personal stories of pain, shock — and of resilience.
Skift brands publish four different podcasts throughout the week. You can find our complete catalog of podcasts, below, as well as subscribe using your favorite podcast app.
Subscribe to Skift Daily Briefing through your favorite podcast app and listen daily from Monday to Friday:
Subscribe to The Skift Travel Podcast through your favorite podcast app and listen each week:
Subscribe to Airline Weekly Lounge through your favorite podcast app and listen each Friday: