Articles tagged “debt”

Google Defends Its Debt Collection Practices in Travel

Google Defends Its Debt Collection Practices in Travel

Dennis Schaal, Skift

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.

2 months ago

TUI May Sell Pieces of Its Business After Losing Nearly $1 Billion in Its Q3

TUI May Sell Pieces of Its Business After Losing Nearly $1 Billion in Its Q3

Sarah Young, Reuters

Analysts aren't buying TUI's forecast that its operations would return to normal by 2022. Meanwhile, TUI is mulling selling pieces of its business to stay solvent.

2 months ago

Travelport Strikes Deal With Creditors That For Now Could Save It From Bankruptcy

Travelport Strikes Deal With Creditors That For Now Could Save It From Bankruptcy

Sean O'Neill, Skift

The existence of the deal, previously unreported, should reassure anyone about the travel tech company's near-term stability.

3 months ago

Expedia to Deliver Early Payday to Private Equity Investors

Expedia to Deliver Early Payday to Private Equity Investors

Dennis Schaal, Skift

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.

4 months ago

Debt-Laden Samsonite Reels From Coronavirus Crisis Aftershocks

Debt-Laden Samsonite Reels From Coronavirus Crisis Aftershocks

Sean O'Neill, Skift

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.

8 months ago

Recession Watch: The Debt Load of the Travel Industry’s Public Companies

Recession Watch: The Debt Load of the Travel Industry’s Public Companies

Dennis Schaal, Skift

When it comes to their debt, easyJet has a much more liquid position than Ryanair, while United and Delta have a lighter debt burden relatively speaking than American Airlines. In the event of a recession, debt loads would be one critical factor among many in hamstringing or contributing to a company's ability to maneuver.

2 years ago

South African Airways’ Suppliers Are Cracking Down on Getting Payments

South African Airways’ Suppliers Are Cracking Down on Getting Payments

Paul Vecchiatto, Bloomberg

Banks are losing patience with the beleaguered South African Airways and want a promise that turnaround talks will turn into action.

2 years ago

South Africa’s Biggest Hotel Operator Tsogo Sun Faces Hurdles

South Africa’s Biggest Hotel Operator Tsogo Sun Faces Hurdles

Odwa Mjo, Bloomberg

Tsogo Sun, which owns luxury properties in seven African countries including Nigeria and the Seychelles, may have hit the limit of its ability to do financial contortions for a while.

2 years ago

Singapore Airlines Faces Increased Competition and an Impending Debt Load

Singapore Airlines Faces Increased Competition and an Impending Debt Load

Abhishek Vishnoi, Bloomberg

Singapore Airlines' spending spree growing pains come as the carrier faces intense competition from low-cost and mainline carriers in Asia and encroaching gulf carriers seeking to gain market share in the region.

3 years ago

Jumeirah sees opportunity to expand, seeks $1.4 billion loan

Jumeirah sees opportunity to expand, seeks $1.4 billion loan

Samuel Potter , Bloomberg

Jumeirah appears to be intent to just keep building bigger hotels. But its ambitions are so focused on the flashy that it's difficult to see a road to long-term success.

7 years ago

Dubai’s Atlantis hotel is in the market for loan to refinance its debt

Dubai’s Atlantis hotel is in the market for loan to refinance its debt

Stephen Morris, Bloomberg

The Atlantis' early excesses were excessive -- even by Dubai standards. They led to the exit of former owner Kerzner, and since then they've been more conservative.

7 years ago