After Mismanaging Their Companies With Stock Buybacks And Lucrative CEO Pay Packages, Airlines Demand Another $25 Billion From Taxpayers

In March, the coronavirus—the name used at the time—wreaked financial havoc on the airline industry. Health experts and government officials strongly advised people to avoid nonessential travel due to the risks of catching or spreading the disease. Fear over the fast-moving virus among passengers on cruise ships terrified potential air travelers. Cognizant of the dangers associated with

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Global Commercial Aircrafts Seating Market | Growing Demand for Luxury Air Travel to Boost the Market Growth

The global commercial aircrafts seating market size is poised to grow by USD 4.67 billion during 2020-2024, progressing at a CAGR of almost 9% throughout the forecast period, according to the latest report by Technavio. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The report also provides the market impact and new opportunities created due to the COVID-19

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Technavio Research: Global Commercial Aircrafts Seating Market | Growing Demand for Luxury Air Travel to Boost the Market Growth

The global commercial aircrafts seating market size is poised to grow by USD 4.67 billion during 2020-2024, progressing at a CAGR of almost 9% throughout the forecast period, according to the latest report by Technavio. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The report also provides the market impact and new opportunities created due to the COVID-19

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100 top Scots hotels demand Covid rule change in letter to Nicola Sturgeon

One hundred bosses from the biggest and most prestigious hotels in Scotland have written to Nicola Sturgeon demanding changes to controversial new Coronavirus restrictions.

Monday, 12th October 2020, 7:00 am

Glasgow west end bars, pubs and restaurants protest new closure measures
Glasgow west end bars, pubs and restaurants protest new closure measures

Owners and mangers of the Prestonfield in Edinburgh, Glasgow’s One Devonshire Gardens, the Fairmont in St Andrews and Aberdeen’s Marcliffe are among the hospitality chiefs who have signed

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Budget 2020: A startling lack of vision from a government desperate to keep demand afloat | The Canberra Times

federal budget, crispin hull

The big questions this week are: what do governments do, and why do they do it? This week’s federal budget was an abdication of the fundamental reason for government: to do the things that must be done collectively, that cannot be done by individuals acting alone, so as to nurture and protect people and society. Essentially, the government chucked unaccountable billions of dollars in tax cuts

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Business Travel Demand Won’t Bounce Back In 2021, And Maybe Not For Years

Even if a vaccine for Covid-19 becomes widely available – and widely used – around the

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Down 70% From Last Year, Business Travel Demand Won’t Bounce Back In 2021, And Maybe Not For Years

Even if a vaccine for Covid-19 becomes widely available – and widely used – around the

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Thanksgiving a bust? Airlines slash November schedules as demand sputters



a large air plane on a runway at an airport


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There’s an old joke in the airline industry that if a carrier can’t fill a plane over Thanksgiving, then they are doing something wrong.

That may just be the case at American Airlines, Delta Air Lines and United

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Eclipse Air Charter expands into Europe following rise in demand for private jet travel amid COVID-19

The expansion, which will double Eclipse’s team of professionals, follows the brand’s successful launch in Toronto in 2016 and growth to New York City in 2018. 

“What really sets us apart is the client service,” says Yasmin Alam, who founded the business in 2016 and has made it a priority as Managing Director to employ rising female talent. “Many of the private jet companies that have come onto the

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Colombia reopens. Will air travel demand materialise?

Summary

  • Colombia is restarting commercial flights in Sep-2020, after nearly six months of a complete shutdown. 
  • The country’s airlines are adding back both domestic and international flights, but how quickly demand in Colombia will spool up is still unpredictable. 

The industry has been pushing Colombia to restart commercial airline flights… 

Commercial aviation in Colombia has been shuttered since Mar-2020, when many countries in Latin America opted to cease commercial flights

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Inside the Rise in Demand for Travel Art

With people traveling far less this year than in 2019, it’s little surprise that more collectors have sought travel-related art to remind them of their journeys. The fine art and jewelry e-commerce site 1stdibs saw 2,625 orders of fine artwork between June 1 to July 26, 2020, an increase of 56 percent from the previous year that generated over $7.4 million in sales for the company. One of the high-ticket

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IATA: August Air Travel Demand Shows Signs of Slow Recovery

Global air travel demand in August contracted by 75.3 percent year over year, a sign of a continuing modest recovery since reaching a low point in April, according to the International Air Transport Association. Compared with July, when there was a 79.5 percent year-over-year contraction, the pace of relative demand growth remains slow, IATA reported. 

Global August air capacity dropped by 63.8 percent year over year. Load factor dropped 27.2

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Southwest Airlines cuts 90,000 flights in November and December as holiday travel demand falters

Southwest Airlines has cut more than 90,000 flights from its November and December schedules, trying desperately to avoid empty aircraft heading into the important holiday travel season.

Dallas-based Southwest cut 38,000 flights from its November plans, or about 36% of all trips, according to Dallas-based Airline Data Inc. The carrier also cut 55,000 flights for December, nearly half of its schedule.

“We recently revised our November and December published schedules

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TUI Plans $1.8 Billion Fundraising Once Travel Demand Returns

(Bloomberg) — Holiday giant TUI AG could seek to raise about 1.5 billion euros ($1.8 billion) through a rights issue and asset sales once bookings recover and the company starts generating meaningful revenue again.



a plane parked on the side of a road: SEATTLE, WA - MAY 31: Boeing 737 MAX airplanes from TUI Airways sit parked in a parking lot at a Boeing facility adjacent to King County International Airport, known as Boeing Field, on May 31, 2019 in Seattle, Washington. Boeing 737 MAX airplanes have been grounded following two fatal crashes in which 346 passengers and crew were killed in October 2018 and March 2019. (Photo by David Ryder/Getty Images)


© Photographer: David Ryder/Getty Images North America
SEATTLE, WA – MAY 31: Boeing 737 MAX airplanes from TUI Airways sit parked in a parking lot at a Boeing facility adjacent to King County International Airport, known

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Business Travel Market Outlook , Size, Forecasts, Demand, Competitive Analysis, Growth Factors, Key Players

The MarketWatch News Department was not involved in the creation of this content.

Sep 29, 2020 (AmericaNewsHour) —
Global Business Travel Market is further estimated to grow at a CAGR of 4.2% from 2019 to reach USD 17.97 Billion by the year 2025. In the global business travel Market by region, Asia Pacific region holds the highest Market share in 2017 and is considered as the fastest growing Market in

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IATA: Air Industry ‘Largely Paralyzed’ But July Demand a Bit Better Than June

Global air travel demand in July plunged 79.8 percent year over year, according to the International Air Transport Association. That’s an improvement compared with June, when such demand dropped had an 86.6 percent year over year. In July, global capacity fell 70.1 percent and global load factor fell by 27.7 percentage points year over year to 57.9 percent, a record low for the month.

“The crisis in demand continued with

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Beach Hotels Market Analysis with Impact of COVID-19, Top Companies, Trends, Size, Growth, Share, Demand, Future Opportunity Outlook 2026

The MarketWatch News Department was not involved in the creation of this content.

Sep 29, 2020 (The Expresswire) —
Global “”Beach Hotels Market“”(2020-2026) status and position of worldwide and key regions, with perspectives of manufacturers, regions, product types and end industries; this report analyses the topmost companies in worldwide and main regions, and splits the Beach Hotels market by product type and applications/end industries.The Beach Hotels market trend … Read More

Luxury Brands Bank on a Raring China Market as Pandemic Lays Waste to Global Demand | Investing News

By Sophie Yu and Silvia Aloisi

BEIJING/MILAN (Reuters) – On the southern Chinese island of Hainan, a duty-free shopping paradise, mainland tourists keen to splurge will often patiently line up for an hour or more to enter a Gucci, Tiffany or other luxury brand store.

“I’m mentally working on a shopping list,” says Zeng Rong, 34, a Beijing-based auditor who is looking forward to her upcoming Hainan trip. “I’d like

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Already Weak, Air Travel Demand Is Fading. And Business Travel Demand Will Be Soft Whenever It Returns.

The global decline in air travel will be worse than previously forecast and a new report on corporations’ plans for travel through 2021 shows that the recovery

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