Syndicated

Boeing Preaches Patience in First Earnings Call After Max Grounding

Boeing Preaches Patience in First Earnings Call After Max Grounding

Brooke Sutherland, Bloomberg

Boeing is going to take a financial loss from the Max groundings. The only question is how much. The manufacturer said Wednesday it will take a $1 billion hit from increased expenses related to the grounding. But that's just the start.

12 hours ago

United CEO: Return of 737 Max Jets to Service Should Be Uniform Across Airlines

United CEO: Return of 737 Max Jets to Service Should Be Uniform Across Airlines

Joe Weisenthal and Justin Bachman, Bloomberg

Remember, United is not as affected by this grounding as other airlines. This month, Max flights would have accounted for about 1.4 percent of capacity. That's about the same as United's flight to Newark to New Delhi, which has been suspended because of airspace restrictions in Pakistan.

16 hours ago

Accor to Open 30 Hotels in Egypt Citing Strong Rebound

Accor to Open 30 Hotels in Egypt Citing Strong Rebound

Bella Genga, Bloomberg

Accor will open 60 hotels in Africa, half of them in Egypt. Remember it bought the Movenpick chain, which has a strong footprint in Egypt? That comes in handy now as the brand is well-recognized in the region and will open doors for an Accor expansion there.

1 day ago

Four Seasons Teases Its New Private Jet for Around-the-World Luxury Travel

Four Seasons Teases Its New Private Jet for Around-the-World Luxury Travel

Claire Ballentine, Bloomberg

When you were a teenager, you may have backpacked through Europe on a tight budget. When you make your first $100 million, you might fly on the Four Seasons private jet. At least that's what the hotel company hopes.

2 days ago

Why Hotel Revenue Management Needs to Be a Priority: New Skift Research

Why Hotel Revenue Management Needs to Be a Priority: New Skift Research

Wouter Geerts, Skift Research

Revenue management systems play an important role in automating pricing, but hotels should not see these as a one-stop solution to all their problems. There are bigger strategic questions that need answering.

2 days ago

Jet Airways Still Waiting for a Savior

Jet Airways Still Waiting for a Savior

Anurag Kotoky, Bloomberg

The chance of reviving Jet Airways is becoming less and less likely as the days roll on. With slots going to rivals and aircraft back to lessors, will anyone really want to step in?

2 days ago

Thomas Cook Sees Shares Rise on Takeover Talk

Thomas Cook Sees Shares Rise on Takeover Talk

Lucca de Paoli, Bloomberg

Takeover rumors can do wonders for a company's share price. We'll have to wait and see whether talk turns to action in the case of Thomas Cook.

2 days ago

Cathay Clamps Down on Big Losses From Theft of Inflight Supplies by Crew

Cathay Clamps Down on Big Losses From Theft of Inflight Supplies by Crew

Ville Heiskanen, Bloomberg

Passengers stealing airline cutlery and napkins are nothing compared with what the flight attendants stashed away, including champagne and, funnily, wet wipes and Haagen-Dazs. Nothing is funny about those losses getting passed on to flyers through higher ticket prices.

2 days ago

Sri Lanka Tourism Braces for Cancellations After Fatal Blasts

Sri Lanka Tourism Braces for Cancellations After Fatal Blasts

Asantha Sirimanne and Michelle Jamrisko, Bloomberg

Industry players are reeling from shock at the Easter Sunday deadly attack that targeted tourists. Sri Lanka has been enjoying a long period of peace, gaining the confidence of visitors and investors. Now, this. Cancellations are inevitable; it’s the long term that is uncertain and the destination must be vigilant.

3 days ago

Boeing Dreamliner Manufacturing Plant Cited for Aircraft Safety Lapses

Boeing Dreamliner Manufacturing Plant Cited for Aircraft Safety Lapses

Maria Jose Valero and Jim Silver, Bloomberg

At a time when Boeing faces intense criticism about its handling of its 737 Max aircraft, problems with Dreamliner manufacturing in South Carolina is most unwelcome news. The company must get to the heart of the production problems there immediately, and fix them.

4 days ago

Deadly Attacks in Sri Lanka Target Luxury Hotels and Churches

Deadly Attacks in Sri Lanka Target Luxury Hotels and Churches

Asantha Sirimanne and Anusha Ondaatjie, Bloomberg

4 days ago

Japan-Built Mitsubishi Regional Jet Finally Set to Take Flight

Japan-Built Mitsubishi Regional Jet Finally Set to Take Flight

Masatsugu Horie, Bruce Einhorn, and Kyunghee Park

Japan finally breaks into the regional jet market with the much-delayed debut of Mitsubishi’s MRJ aircraft. Its timing is quite favorable, following rival Bombardier's sale of its C Series airliner project to Airbus last year.

5 days ago