Syndicated

Why New Zealand Has Reason to Fear Drop in Chinese Tourists

Why New Zealand Has Reason to Fear Drop in Chinese Tourists

Tracy Withers and Matthew Brockett , Bloomberg

Tourism is New Zealand’s top foreign exchange earner, thanks to a surge in arrivals from China. So signs of China cold-shouldering New Zealand, such as the "postponement" of the launch of a joint tourism year 2019, are worrying.

2 hours ago

Complaints About High Airfares Led Indonesia to Lower Jet Fuel Prices

Complaints About High Airfares Led Indonesia to Lower Jet Fuel Prices

Eko Listiyorini, Bloomberg

Indonesia President Joko Widodo threatened the state energy company that he would let private companies enter the market if it didn't lower fuel prices to an acceptable level. That threat seemed to have helped.

20 hours ago

Virgin Group Founder Richard Branson Plans a Humanitarian Concert for Venezuela

Virgin Group Founder Richard Branson Plans a Humanitarian Concert for Venezuela

Matthew Bristow, Bloomberg

Cynics may guess that Richard Branson saw the movie Bohemian Rhapsody and, reminded of the success of the first Live Aid concert in 1985, decided narcissistically to revive the idea. Idealists will say, whatever the motivation, the world must ease the economic crisis in Venezuela.

21 hours ago

Air France and KLM Bosses May Become Deputy CEOs in Peace Deal

Air France and KLM Bosses May Become Deputy CEOs in Peace Deal

Angeline Benoit and Ellen Proper, Bloomberg

Did Air France-KLM CEO Ben Smith, facing a rebellion of sorts from KLM, just blink? The answer may be in the details of a still-fluid governance agreement between the two airlines.

21 hours ago

Look for Charter Airlines to Pick Up More Airbus Superjumbos

Look for Charter Airlines to Pick Up More Airbus Superjumbos

Richard Reiss, Bloomberg

The Airbus A380 could have a longer second career as a dense people-mover for charter airlines. They can probably add them cheaply, but like the big airlines, charter carriers will have to contend with high operating costs. Fueling those four engines is not cheap.

2 days ago

Brazil’s Gol Airlines Stands to Thrive as a Big Local Competitor Falters

Brazil’s Gol Airlines Stands to Thrive as a Big Local Competitor Falters

Vinícius Andrade and Fabiola Moura, Bloomberg

About 80 percent of Gol's routes overlap with Avianca Brasil's, according to one analyst. Given those numbers, it makes sense Gol's fortunes are improving as its competitor stumbles. But will the good times last?

3 days ago

Delta CEO Learned About Airline’s NRA Discount From the Parkland Students

Delta CEO Learned About Airline’s NRA Discount From the Parkland Students

Dennis Schaal, Skift

Forget board meetings and protocols, brands like Delta know they have to respond to a social media crisis almost immediately. Hesitation kills.

3 days ago

Uber’s Losses Continue Despite Push Into Food Delivery and Freight

Uber’s Losses Continue Despite Push Into Food Delivery and Freight

Eric Newcomer, Bloomberg

Uber continues to lose money despite gains in delivery and freight services. Pushing into new sectors isn't doing much for the company's balance sheet as it gears up to go public.

3 days ago

Saudi Arabia Lifts Its Travel Warning for Lebanon

Saudi Arabia Lifts Its Travel Warning for Lebanon

Dana Khraiche, Bloomberg

Saudi Arabia has lifted a travel warning on Lebanon for its citizens. Gulf tourists used to be the biggest spenders in Lebanon, so it's hopeful news for the beautiful but geopolitically unlucky country.

3 days ago

Trump Family Blames Politics for Failed Hotels Expansion

Trump Family Blames Politics for Failed Hotels Expansion

Shahien Nasiripour, Bloomberg

The Trumps can blame politics, but it's a bad business decision for any hotelier to flag under a controversial brand when there are dozens of others with more robust distribution networks and stronger consumer awareness available to choose from.

3 days ago

China’s Ridehailing Giant Didi to Cut 2,000 Jobs as It Revamps Strategy

China’s Ridehailing Giant Didi to Cut 2,000 Jobs as It Revamps Strategy

Lulu Yilun Chen, Bloomberg

Didi Chuxing has a string of problems now, among them a poor safety image, fresh competition from players such as Meituan Dianping and China's cooling economy. A re-evaluation of its businesses is needed.

3 days ago

Vietnam Wins U.S. Approval to Start Flights

Vietnam Wins U.S. Approval to Start Flights

Alan Levin and Nguyen Dieu Tu Uyen, Bloomberg

It's tick in the box for Vietnam's aviation industry but it doesn't mean that its airlines are guaranteed bucket loads of cash from flying to and from the United States.

3 days ago