Articles tagged “earnings”

Extended Stay America Beats Analysts’ Q3 Estimates

The extended stay sector seemingly continues to sizzle as evidenced by Extended Stay America's third quarter of 2016 results.

14 hours ago

InterContinental Hotels Tripped Up by Security Concerns and Low Oil Prices

Concerns about security, especially in Europe, continue to play on the minds of both business and leisure travellers. Still InterContinental’s CEO remains bullish, believing that the sector’s fundamentals "remain compelling."

4 days ago

Alaska Air CEO: The Deal for Virgin America is Still on Despite Delay

There's been some drama related to Alaska's proposed acquisition of Virgin America, but many industry insiders still expect the deal to get done. And Alaska executives remain publicly confident that they will get their prize. The big question is when.

5 days ago

American Airlines Earnings Hurt by Too Many Empty Seats and Pricey Labor

American Airlines was hit by both rising costs and declining revenue in its third quarter. It will need to keep a close eye on both in the winter months if it is going to end the year on a high.

5 days ago

Boosted by Fairmont Acquisition, AccorHotels Sees Stable Third Quarter

It’s pretty clear that AccorHotels’ purchase of the Fairmont, Raffles, and Swissotel brands was a smart one to make. Now, however, AccorHotels needs to focus on growing those brands, as well as that of onefinestay and its newest brand, Jo&Joe.

1 week ago

United Needs More Revenue to Help Pay for Its New Labor Deals

Give credit to United CEO Oscar Munoz for reaching new labor deals with many of United's employee groups. But buying labor peace is expensive. And now United's new executive team needs to come up with some creative ways to offset the increased costs.

1 week ago

Cheap Airfares are About to Vanish as U.S. Airlines Tighten Capacity

Airfares don't feel particularly cheap -- anecdotally speaking -- but things can always get worse (from a consumer perspective). Next week will punctuate where airfares are heading as United and American report their third quarter results.

2 weeks ago

Delta CEO: There’s No Pilot Shortage, But We’re Giving Raises Anyway

Delta's CEO appears confident following third quarter earnings that were better than analysts predicted, and he maintains that Richard Anderson's departure was part of the succession plan all along.

2 weeks ago

Delta Slows Capacity Growth and Exceeds Q3 Profit Estimates

Delta wants to keep as much control over fares as it can. Its answer? Limit the growth of capacity. We'll see in the next couple of weeks to what degree its competitors follow suit.

2 weeks ago

Carnival Corp. Says Its Cruise Business Is Strong, Even in Europe

Carnival Corp. had a strong quarter at a time when some competitors struggled, but questions will remain about how quickly the industry is growing in China.

4 weeks ago

Lastminute.com Group Buying Spree Won’t Be Over for Awhile

CEO Fabio Cannavale has spent the last few years snapping up companies across Europe and as the company looks to supplement its online travel agency model with a media/advertising business, expect to see more deals in the near future.

1 month ago

Chinese Online Booking Giant Ctrip Readies Itself for Global Expansion

Like Chinese travelers, Ctrip is breaking out of its domestic shell and looking to become much more of an international player. There is vast potential for Ctrip still to take advantage of in China and then there is a whole wide world out there too as it begins to service customers outside of China. But can the company tackle both ambitions simultaneously? Ctrip has great partners -- 16,000 of them, actually -- to assist but the partners may also turn out to be formidable competitors, as well.

2 months ago