Articles tagged “profits”

Airlines

U.S. Airlines Say Strong Travel Demand Continues to Propel Sales

Despite delays, cancellations and staffing shortfalls, three of the largest carriers in the U.S have generated record revenues and raised their profit outlook for the year.

Rajesh Kumar Singh, Reuters | 4 months ago

U.S. Airlines Say Strong Travel Demand Continues to Propel Sales

Airlines

American Airlines Raises Outlook After Strong Second Quarter Results

While American Airlines' second quarter results were good, they weren't quite good enough for investors after Delta and United set a high bar.

Jess Wade, Skift | 4 months ago

American Airlines Raises Outlook After Strong Second Quarter Results

Travel Booking

India Daily: 51 Percent of Travelers Face Booking Scams

There’s perhaps more opportunity than ever for cybercriminals to take advantage of consumers who are increasingly getting lured in by deals that are literally too good to be true.

Amrita Ghosh | 6 months ago

India Daily: 51 Percent of Travelers Face Booking Scams

Tourism

Skift India Daily: Tour Operators Return to Profits

A steep increase in air fares, prolonged visa delays, and inflation pressures must be averted to ensure the growth momentum.

Amrita Ghosh | 8 months ago

Skift India Daily: Tour Operators Return to Profits

Online Travel

Oyo Still Keen on Long-Anticipated IPO in Early 2023

While Oyo plans to go ahead with its initial public offering, the hospitality company is yet to share the current valuation it is looking at. For sure, it would be nowhere close to its original hoped-for valuation of $12 billion.

Peden Doma Bhutia | 1 year ago

Oyo Still Keen on Long-Anticipated IPO in Early 2023

Airlines

Qantas Upgrades Profit Forecast On Back of Strong Travel Demand

As fleet and labor issues continue to plague the growth prospect of airlines all over the world, Australia's Qantas would rather focus on domestic tourism to boost its profit outlook.

Sameer Manekar, Reuters | 1 year ago

Qantas Upgrades Profit Forecast On Back of Strong Travel Demand

Airlines

Ryanair Posts Record Profit Thanks to Pent-up Demand

Even as costs have been soaring, Ryanair has managed to swing back to profit. Clearly, CEO Michael O’Leary was right when he said he has this pandemic mess all worked out.

Conor Humphries, Reuters | 1 year ago

Ryanair Posts Record Profit Thanks to Pent-up Demand

Airlines

UK’s Gatwick Airport Increases 2022 Forecast But Flight Cancellations Persist

Finally a glimmer of happy news coming from a British airport after a turbulent summer across Europe for airports and airlines.

Muhammed Husain, Reuters | 1 year ago

UK’s Gatwick Airport Increases 2022 Forecast But Flight Cancellations Persist

Online Travel

Oyo Rating Downgraded by Fitch Amid Profit Concerns

Not too concerned about the Fitch downgrade, Oyo would rather look at the silver lining — a projected 80 percent growth in financial year 2023. The rating revision is in line with more modest expectations for Oyo's IPO.

Peden Doma Bhutia | 1 year ago

Oyo Rating Downgraded by Fitch Amid Profit Concerns

Online Travel

Expedia Group Looks to Close the Lopsided Profit Margin Gap With Booking Holdings

Part of Expedia Group's long-running profit margin gap with Booking Holdings has been structural, but a significant piece of it has been inefficiencies. Expedia's Peter Kern is looking to bridge the great divide, but the outcome is far from assured.

Dennis Schaal, Skift | 2 years ago

Expedia Group Looks to Close the Lopsided Profit Margin Gap With Booking Holdings