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Articles tagged “earnings”

EasyJet Easing Performance Targets as CEO’s Pay Fell 75 Percent in 2016

EasyJet Easing Performance Targets as CEO’s Pay Fell 75 Percent in 2016

Benjamin Katz, Bloomberg

Brexit has put easyJet's earnings under pressure so the board eased performance targets for CEO Carolyn McCall and other executives. This Brexit impact is for real.

4 days ago

Thomas Cook Is Still Paying a High Price For Its Past Sins

Thomas Cook Is Still Paying a High Price For Its Past Sins

Patrick Whyte, Skift

While Thomas Cook has yet to fully step out of the shadow of its near-collapse in 2011, the current management team has at least managed to steady the ship. But 2016 has presented its own challenges with terrorism in Turkey doing particular damage.

2 weeks ago

Dissecting the Future of the Newly Combined Marriott and Starwood

Dissecting the Future of the Newly Combined Marriott and Starwood

Deanna Ting, Skift

It's still very early into the integration of these two massive hotel companies, but so far it's fairly clear what Marriott has in store for Starwood, even if the details have yet to be ironed out.

1 month ago

Still Struggling, SeaWorld Announces Major Cost-Cutting Plans

Still Struggling, SeaWorld Announces Major Cost-Cutting Plans

Hannah Sampson, Skift

SeaWorld has a couple of big goals: Cut costs in a big way and get more people to visit. We're not sure how those priorities are going to work together.

1 month ago

Hertz Loses Half Its Market Value Following Earnings Report

Hertz Loses Half Its Market Value Following Earnings Report

David Welch, Bloomberg

We are not sure that Hertz can ever fix its issues, especially as on-demand services like Uber and Lyft give business travelers fewer reasons to hit the car rental desk at the airport.

1 month ago

TripAdvisor Still Looking for Elusive Progress in Instant Booking

TripAdvisor Still Looking for Elusive Progress in Instant Booking

Dennis Schaal, Skift

TripAdvisor stated earlier this year that its transition to transactions, or Instant Booking, would show progress in the second half of 2016. There is indeed a morsel of progress but not enough to satisfy investors and other critics.

1 month ago

Priceline Takes $941 Million Writedown on OpenTable

Priceline Takes $941 Million Writedown on OpenTable

Dennis Schaal, Skift

There have long been rumblings that the OpenTable acquisition was problematic for the Priceline Group. Now we learn the depth of the problem -- a $941 million impairment charge.

1 month ago

Travel CEOs Say U.S. Election Caused Them Heartburn Too

Travel CEOs Say U.S. Election Caused Them Heartburn Too

Andrew Sheivachman, Skift

When the U.S. election (presumably) concludes on Tuesday, companies might be able to invest in travel with a little more certainty about their return on investment. Vacationers will likely be looking to take a break from the tense political climate in the U.S., as well.

1 month ago

EasyJet Is Trying to Hold on to Its Executive Suite While Earnings Lag

EasyJet Is Trying to Hold on to Its Executive Suite While Earnings Lag

Benjamin Katz and David Hellier, Bloomberg

Will we see other UK travel companies have to worry themselves about execs making their own Brexit base on salary concerns?

1 month ago

Virgin America Gives Few Details About Merger Status in Latest Disclosures

Virgin America Gives Few Details About Merger Status in Latest Disclosures

Brian Sumers, Skift

If Virgin America was not expected to merge with Alaska Airlines, analysts likely would fret about Virgin America's falling unit revenue. But since Virgin America is now in limbo, waiting to see if it can close its merger, it's not clear how much the unit revenue decrease matters.

1 month ago

Can Direct-Booking Campaigns End Up With Both Sides Declaring Victory?

Can Direct-Booking Campaigns End Up With Both Sides Declaring Victory?

Jared Wein, Skift

Direct booking is not really a war where one side must lose. Both the large hotel chains and online travel agencies could wind up better off if they act rationally on pricing.

1 month ago

Royal Caribbean Thinks It Has the Secret to Getting Newcomers on Board

Royal Caribbean Thinks It Has the Secret to Getting Newcomers on Board

Hannah Sampson, Skift

Royal Caribbean reported a lot of promising news Friday, and investors were glad to hear it. Is it too soon to think the worst of this year's cruise woes are in the past?

1 month ago