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Articles tagged “budget”

Airlines

Air Canada will announce the launch of its new low-cost carrier in coming weeks

Current low-revenue routes flown by Air Canada will be given to the unnamed airline which is set to start flying in 2013 under separate leadership.

Hotels

UK budget hotel chain Travelodge gets nearly half its debts written off

Travelodge now has a shot at turning around its business, but the chain's landlords are concerned about the company's additional plans to find new operators for almost a tenth of its hotels.

Hotels

SkiftDesign: Ikea looks to open 100 low-cost boutique hotels in Europe

Ikea probably realized they were furnishing a growing number of 'budget design' hotels and decided to cut out the middleman and make their own, although the hotels won’t carry the brand name.

SkiftX

Study says FAA could lose $1 billion from its budget due to Congress’s automatic cuts

Congress needs to step up their bipartisan negotiations before January's budget cuts, which could lead to thousands of lost jobs, closed air traffic control towers, TSA layoffs, and decreased passenger capacity.

Airlines

Hong Kong Airlines to end long-haul business class flights to London in September

The start-up carrier had hoped to offer an all-business-class service from Hong Kong to London, but was unable to compete with more established airlines that business travelers rely on.

Airlines

SpiceJet’s unexpected profit reveals the silver lining of India’s ailing airline industry

Indian budget airline SpiceJet flies ahead of competition -- posting its first healthy profit in six consecutive terms -- by picking up the slack of its bankrupt peers.

Airlines

How Spirit Airlines is becoming the Ryanair of the U.S.

Spirit is expanding rapidly despite its hard-earned reputation for nickel and diming and leaving passenges high and dry when things go wrong.

Hotels

Red Planet buys stock in Tune Hotel to expand-pay-as you-go platform in Asia

The 24-property-strong AirAsia subsidiary will use the investment to expand within Asia -- as well as new properties in Scotland and Saudi Arabia -- and wherever cheap flights can carry middle class travelers.

Hotels

President Obama recalls family vacations by bus and budget motel

Vacations can turn political very quickly, especially when both childhood experiences are so different and personal fortuns are separated by hundreds of millions of dollars (to say nothing of roof-bound dogs in kennels).