Tag Archives: Airlines

Airlines, hotels warn Google changes may benefit large intermediaries

Airlines, hotels warn Google changes may benefit large intermediaries

By Foo Yun Chee BRUSSELS (Reuters) – Lobbying groups representing airlines, hotels and restaurants on Wednesday warned that changes proposed by Alphabet’s Google to comply with EU landmark rules may drive users to large online search services at their expense. The comments from Airlines for Europe group that has Air France KLM and British Airways owner IAG as members, hotel group Hotrec, European Hotel Forum, Eurocommerce, Ecommerce Europe and Independent Retail Europe came after Google rolled… Source link

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Delta will navigate headwinds better than other airlines

Delta will navigate headwinds better than other airlines

Delta trimmed its 2024 guidance on Friday, citing higher costs and supply chain issues. Despite the short-term challenges, Delta is still better positioned than some of its competitors, according to Third Bridge Global Sector Lead Peter McNally. McNally told Yahoo Finance Live that the airline has a number of advantages, including its maintenance program, which makes them “a bit more immune” to inflationary pressures and supply issues. “This won’t be a super great year in 2024, but it will… Source link

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Southwest Airlines lost $800 million due to holiday travel meltdown

Southwest Airlines lost 0 million due to holiday travel meltdown

Southwest Airlines (LUV) reported a loss for the fourth quarter, as the company took an $800 million pretax hit to earnings due to the computer system failure that led to the airline’s holiday travel meltdown. For the quarter, Southwest reported: “Due to the operational disruptions in late December, which resulted in more than 16,700 flight cancellations, we incurred a fourth quarter pre-tax negative impact of approximately $800 million (or approximately $620 million on an after-tax basis),… Source link

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Netflix, United Airlines and more

Netflix, United Airlines and more

Netflix (NFLX): Shares soared 10% after the company said it added 2.41 million subscribers during the third quarter, surpassing Wall Street’s estimates of 1 million. Netflix executives noting in the earnings release that “after a challenging first half, we believe we’re on a path to reaccelerate growth” and the key is “pleasing members.” Netflix noted the strong dollar as a headwind and estimates the greenback’s appreciation to negatively impact full year 2022 revenue by up to… Source link

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Mesa Airlines’ new training program can help ‘break the pipeline’ of pilot shortage: CEO

Mesa Airlines’ new training program can help ‘break the pipeline’ of pilot shortage: CEO

The so-called “summer of travel hell” is behind us, but the ongoing national pilot shortage is still causing plenty of headwinds for the industry. Estimates vary, but one government estimate projects a shortfall of 18,000-plus pilots each year for the next decade. Mesa Airlines, a regional airline that flies for both United and American as well as cargo carrier DHL Express, says his company has a solution. CEO Jonathan Ornstein told Yahoo Finance his company is rolling out a program to… Source link

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