Articles tagged “oil”

Business Travel

Corporate Travel Agencies May Get a Welcomed Boost From Shipping and Energy Companies

With uncertainty over traditional business travel’s return still lingering, niche is the only way forward.

Matthew Parsons, Skift | 9 months ago

Business Travel

Corporate Travel Saw a Rare Bright Spot in the Oil and Gas Industry: Why That’s Now Changing

The energy sector has so far been a safe harbor for many corporate travel agencies during this crisis, but cracks are starting to show.

Matthew Parsons, Skift | 1 year ago

Airlines

Emirates Blames Higher Oil Prices for Profit Spiral

It's been a tough year for Emirates as it has attempted to rebalance its network in favor of more profitable routes — a situation rising oil prices didn't help.

Layan Odeh, Bloomberg | 3 years ago

Airlines

Oil Prices Present Unique Challenges for Ultra-Long-Haul Routes

Ultra-long-haul routes are expensive to operate for many reasons, and with no layover, it hurts that the aircraft must carry every bit of fuel from first take-off.

David Fickling, Bloomberg | 4 years ago

Tourism

European Airlines Among Biggest Losers of U.S. Iran Nuclear Deal Nix

Investors aren't predicting a doomsday scenario for airlines from the U.S. decision. But like some other decisions made by President Trump, the travel industry stands to lose the most.

Chiara Remondini, Bloomberg | 4 years ago

Airlines

Emirates Is an Airline That Actually Benefits From Rising Oil Prices

It might run counter to the usual narrative but the rising cost of fuel was actually a good thing for Emirates. It helped spur an economic recovery in the Middle East, which meant better load factors and increased yields for the airline.

Christopher Jasper, Bloomberg | 4 years ago

Hotels

Houston Hotels Bear Brunt of Hurricane Harvey and Already Weak Oil Markets

Unfortunately for Houston, a natural disaster like Harvey will likely only make things even tougher for its already struggling hotel market.

Hui-yong Yu, Bloomberg | 4 years ago

Airlines

Airline Earnings to Near $40 Billion Thanks to Cheaper Oil and Slowing Passenger Demand

It's not just lower oil prices that are behind lower airfares consumers may see. Recent consolidation between airlines across the world is is also helping this along, says IATA CEO Tony Tyler.

Christopher Jasper, Bloomberg | 6 years ago

Airlines

U.S. Airlines Are Replacing Old Planes With Second-Hand Jets

Buying used gives airlines an edge with aircraft makers looking for higher prices on new jets, too. And since airlines finally have some cash in the bank to play around with they have a greater freedom to make deals that are right for them.

Julie Johnsson and Mary Schlangenstein, Bloomberg | 6 years ago

Airlines

Airlines Are Becoming Rational Businesses and Passengers Are Benefiting

The level of profitability revealed in the latest BTS report is leaves the Big 3 U.S. airlines room to improve their in-flight products and passenger services, without breaking the bank. But they have achieved this profitability in large part by becoming better businesses. If they are to stay profitable when the next inevitable industry downturn comes, they will need to keep improving their retail models.

Marisa Garcia, Skift | 6 years ago