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Airlines have been beating the revenue horse into a pulp over the last few months as they look to please investors, and this week it was United’s turn at bat. In a call on Monday, CEO Oscar Munoz and a phalanx of executives heralded good progress on the airline’s turnaround and better targets for revenue — all towards convincing investors that United’s a solid bet.
That revenue, unfortunately, comes via new basic economy fares that effectively charge fees for everything north of an airplane seat, but as long as the bottom line is above water, investors don’t care.
In truth, more investment in United will only lead to more innovation (see: United’s new Polaris product) and better competition, so all is not lost for the American consumer.
Social Quote of the Day
@solarimpulse’s transatlantic flight was expected to take 4 days, but they will land in Seville in the coming hours after just 3 days.
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What the Brexit May Mean for International Travelers: All eyes are on the European Union as the U.K. approaches its controversial Brexit vote. Read more at Skift
NH Hotel’s CEO and Board Members Ousted in Fight Over HNA’s Pending Purchase of Carlson: Angry shareholders of Spanish hotelier NH Hotel Group have forced out its CEO, Federico González Tejera, as well as four of its board members, in a move aimed directly at the company’s largest shareholder, HNA Group, the same Chinese company that announced its plans to buy Carlson Hotels for an undisclosed sum in April. Read more at Skift
Figuring out the Tech Solutions to Airbnb’s Racial Discrimination Problem: Airbnb is facing a lot of challenges these days, whether they be regulatory clampdowns in major cities like New York City and Berlin to the growing awareness of the potentially discriminatory pitfalls of its peer-to-peer platform. Read more at Skift
Fodor’s Travel guides, a nearly legendary pillar of the guidebook community, has been sold to Internet Brands, the same group that owns Flyertalk. It’ll be interesting to see how the products collide.
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