Articles tagged “gdss”

Travelport Gets Stiffed by Coronavirus as Wex Walks Away From $1.7 Billion Payments Deal

Travelport Gets Stiffed by Coronavirus as Wex Walks Away From $1.7 Billion Payments Deal

Dennis Schaal, Skift

It is likely back to square one for Travelport, which has tried to sell its hottest commodity, payments provider eNett, for years. It's possible another buyer may emerge, but at a price far below the $1.7 billion deal that the parties struck in a now-vaporized bygone era.

3 months ago

Sabre Stops Selling Most Finnair Tickets in Contract Spat

Sabre Stops Selling Most Finnair Tickets in Contract Spat

Sean O'Neill, Skift

It's rare for airline contract disputes with distribution companies to reach this outcome. Finnair will suffer financially until it cuts a deal. Sabre, for its part, risks embarrassment if it's seen as bullying a midsize carrier. Nobody usually ends up winning in these classic games of chicken.

9 months ago

Sabre Will See Revenue Fallout From Jet Airways Collapse and 737 Max Grounding

Sabre Will See Revenue Fallout From Jet Airways Collapse and 737 Max Grounding

Dennis Schaal, Skift

Sabre is engaged in a tough but necessary technology transition. Beyond the system outages it has experienced recently, some of the events impacting its financial results, namely the Jet Airways financial collapse and the Boeing 737 Max groundings, are beyond the company's control.

1 year ago

United Threatens to Cut Access to Flights Departing After September, Expedia Alleges

United Threatens to Cut Access to Flights Departing After September, Expedia Alleges

Dennis Schaal, Skift

Is this all just posturing in negotiations between United and Expedia? It certainly could be but filing a lawsuit about it while a contract is in place takes things to a new level.

2 years ago

The Inside Story of an Activist Investor’s Fight for Travelport

The Inside Story of an Activist Investor’s Fight for Travelport

Sean O'Neill, Skift

Few companies other than activist investor Elliott Management expressed a serious interest in acquiring Travelport. Elliott twice lost potential private equity partners after they reviewed Travelport's books. The deal price is underwhelming, and that's a signal that some things haven't been going the company's way.

2 years 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

Travel Advisor Innovation Report: Bleisure Trend a Mixed Blessing for Agents

Travel Advisor Innovation Report: Bleisure Trend a Mixed Blessing for Agents

Maria Lenhart, Skift

As more business travelers view their trips as working vacations, travel advisors must draw on both corporate and leisure travel-planning skills. It's no simple challenge, but it's necessary given the strength of the bleisure travel trend.

2 years ago

European Regulators Will Focus on Distributors’ Restrictive Airline Contracts

European Regulators Will Focus on Distributors’ Restrictive Airline Contracts

Sean O'Neill, Skift

It's anyone's guess whether travel distribution giants Amadeus and Sabre might have run afoul of the European Union's rules. But a look at the history of those companies' airline contracts provides clues as to what might be top of mind with investigators.

2 years ago

European Commission Is Probing Travel Distribution Systems for Anticompetitive Practices

European Commission Is Probing Travel Distribution Systems for Anticompetitive Practices

Dennis Schaal, Skift

Over the years, the big global distribution systems have been a major barrier to innovation by airlines and travel startups, in particular. The European Commission now intends to take a serious look at this dynamic.

2 years ago

Travelport Sees India as Its Path to Reverse Market Share Losses

Travelport Sees India as Its Path to Reverse Market Share Losses

Sean O'Neill, Skift

Gordon Wilson, the CEO of Travelport, said in an interview that he sees India as one of the drivers of its long-term growth. That's plausible, but not assured. Private equity should take the company private to shield it from quarterly earnings pressure, and allow it to invest properly to make the most of its varied opportunities.

2 years ago

Amadeus Hospitality Is a Tough Sell Despite Progress With InterContinental Hotels Group

Amadeus Hospitality Is a Tough Sell Despite Progress With InterContinental Hotels Group

Sean O'Neill, Skift

Amadeus hopes to clear some of the underbrush that's grown up in hotel technology. If it succeeds, it will likely reshape the costs and systems used for selling rooms industrywide.

2 years ago

Travelport Lost Lucrative Flight Centre Contract to Distribution Rivals

Travelport Lost Lucrative Flight Centre Contract to Distribution Rivals

Sean O'Neill, Skift

No word on yet on what activist hedge fund investor Paul Singer of Elliott Management might try to pressure Travelport do this year. But research analysts expect that, at the very least, the travel technology company will be pressed to spin off its fast-growing eNett payments business.

2 years ago