JetBlue Took a Beating During the Third Quarter
Despite the company's difficult third quarter, JetBlue executives have reason for optimism — especially with business and international travel making progress in their recoveries.
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.
For Airline Weekly Subscribers
British Airways and Iberia Owner IAG Bullish on Transatlantic Outlook
IAG executives are seemingly unconcerned about more flights coming to the lucrative transatlantic market. What they are "mindful" of is the conflict in the Middle East.
For Airline Weekly Subscribers
Frontier Airlines Suffers Third Quarter Loss, Blames ‘Uneven’ Recovery
Denver-based Frontier Airlines suffered a $32 million net loss in the normally strong third quarter. Its operating margin was negative 6%, a sharp reversal from the positive 5% it earned in the same quarter a year earlier and the 16% it earned in 2019.
Southwest Airlines: ‘Healthy’ Demand Alone Can’t Boost Profits
Southwest is flying too much capacity for the current level of travel demand in the U.S. Management knows it and is under increasing pressure to slow things down and boost profits.
Accor Now Expects Its 2023 Hotel Performance to Exceed Forecasts
Accor is having a happy, "Emily in Paris" kind of year. High-spending Americans thronged Europe this summer, helping the hotel giant beat expectations for revenue and profit.
Wyndham Strongly Rejects Choice Hotels’ Hostile Bid But Leaves Door Open
Wyndham execs and board members more forcefully rejected Choice Hotels' current terms for a merger on Thursday. But they explicitly left the door open to a more generous offer from a market player.
Scandic Hotels ‘Stronger Than Ever’ With $50m Profit in Third Quarter
Scandic Hotels Group has posted its third-quarter results today, with a $49.9 million net profit (559 Swedish krona) and a level of indebtedness that continues to shrink.
For Airline Weekly Subscribers
Volaris Cuts Capacity Growth as Pratt & Whitney Engine Issues Ground 16 Planes
There are pluses and minuses to an airline being forced to ground more than 10% of its planes.
Hilton’s U.S. Growth Returns to Normal, International Surges
As the U.S. sees a return to pre-pandemic patterns of hotel demand, Asia Pacific appears to be roaring back.
For Airline Weekly Subscribers
TAP Air Portugal Focused on ‘Tactical,’ Profitable Growth With Sale Pending
A profitable TAP Air Portugal only makes it a more attractive takeover target.