Articles tagged “debt”

Online Travel

Google Defends Its Debt Collection Practices in Travel

Google deserves to get paid for advertising services rendered. The company could have used the coronavirus crisis to engender some much-needed goodwill among its legions of advertisers, with a degree of flexibility during the months the music died. Opportunity lost.
Online Travel

Expedia to Deliver Early Payday to Private Equity Investors

It's no accident that Expedia Group disclosed improved booking trends on Monday, and then announced a senior notes offering to refinance the company's private equity debt a day later. Hey, whether you are a homeowner or a giant online travel company, a good refinancing deal can be smart and hard to resist.
Business Travel

Debt-Laden Samsonite Reels From Coronavirus Crisis Aftershocks

By itself, the coronavirus scare needn't be like kryptonite to Samsonite, which has high gross margins. But the long-term double whammy of supply shocks (due to factory closings) and demand shocks (due to travelers pulling back on spending) may reduce the company's ability to pay interest on its heavy debts.