Sure, British Airways didn’t have the best quarter ever, but it’s got €4 billion stacked away
It's not exactly Apple money, but IAG's billions will help see it through the tough patches, even if the euro loses a bit of steam.
Travel Industry Earnings Coverage
Don’t miss out on Skift’s in-depth coverage of earnings reported by public travel companies, including online travel agencies, hotel brands, airlines, and technology companies. Our earnings stories cut through the numbers to explain what’s really happening at companies and within the industry as a whole.
Zipcar disappoints with quarterly results, stock plunges lowest level yet
Zipcar's numbers were hurt by a slow down in new members, but the growing competition from peer-to-peer car sharing programs is undoubtedly a concern.
Virgin Atlantic slips into the red for only the third time in its 28-year history
Losses are never much fun, but Virgin is seeing an uptick in flyers, and this year it gets some new planes that are more efficient and will help cut fuel costs.
Revenue and passengers up at Lufthansa, but earnings down
The carrier has done an admirable job balancing between legacy line and forward-thinking upstart (via its holdings in JetBlue and others), but the next few years should demonstrate if this hybrid mix will work.
Yelp revenues up 67%, with distribution on mobile and with partners being the key to growth
Now that it is in saturation mode in major U.S. markets, the key to growth is mid-market destinations and abroad, as well as better integration and distribution on mobile platforms.
Rafat Ali |
Norwegian Cruise Line overcomes cruising setbacks this summer to turn a profit
The mix of a poor economy, the fallout from the Costa Concordia crash, and higher fuel prices resulted in tough summer for cruise lines, but creative operating improvements and higher fees helped Norwegian Cruise Lines turn a profit in Q2.
European airline earnings: Air France surges while Ryanair dips
The turmoil in European air space continues, and despite all cost cuttings, expect lots more consolidation to come in. Watch any combo of Qatar/Emirates/Etihad/Turkish to be big players.
Mathieu Rosemain, Chris Jasper |
Demand for hotel rooms boosts Expedia’s second quarter earnings
Ever since its split with TripAdvisor, Expedia's moved quickly ahead, both to reinvent itself as the most social of the OTAs to one that's likely the only challenger to Priceline's suite of sites.
Starwood Hotels Q2 income falls, betting future on China expansion
Aloft & W hotel is where the growth is brandwise, and China's where it is betting its future on. Europe's dragging it down, so no wonder.
Samantha Bomkamp |