EasyJet forecasts $1.1 billion annual loss from COVID-19 pandemic

  • The British airline easyJet on Thursday said it might have lost up to $1.1 billion in its 2020 fiscal year — its first full-year loss.
  • The airline forecast headline losses before tax of £815 million to £845 million, or $1.06 billion to $1.1 billion, for the year that ended September 30. 
  • The budget carrier said it expected to operate at about 25% of operational capacity in the first few months
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Airline cash burn $77 billion in half of 2020, Boeing forecasts fall

  • Airlines around the world will burn $77 billion in cash in the second half of 2020, according to the International Air Transport Association (IATA), a global trade group.
  • Airlines have sought to reduce costs by cutting jobs, grounding planes, and consolidating work where they can. However, IATA said that the collapse of travel demand means that airlines cant cut costs fast enough.
  • With airlines’ recovery from the pandemic expected to
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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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Air Travel Market Procurement Intelligence Report With COVID-19 Impact Analysis | Global Forecasts, 2020-2024 | SpendEdge

LONDON–(BUSINESS WIRE)–The Air Travel market will register an incremental spend of about $107 billion, growing at a CAGR of 2.41% during the five-year forecast period. A targeted strategic approach to Air Travel sourcing can unlock several opportunities for buyers. This report also offers market impact and new opportunities created due to the COVID-19 pandemic. Request free sample pages

Key benefits to buy this report:

  • What are the
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Beach Hotels Market Share Worldwide Industry Growth, Size, Statistics, Opportunities & Forecasts up to 2025

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

Sep 29, 2020 (Market Insight Reports) —
Selbyville, Delaware In the latest report on ‘ Beach Hotels Market analysis on the recent industry trends is covered. The report further includes statistics, market forecasts and revenue estimations, that in addition highlights its status in the competitive domain as well as expansion trends adopted by major industry players.

Market

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IATA Forecasts Slower Air Travel Recovery

IATA Forecasts Slower Air Travel Recovery | Aviation Week Network

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GoHealth COVID-19 testing at SFO.

Credit: United Airlines

FRANKFURT–IATA is now forecasting a slower than expected recovery of air travel for 2020 and into 2021, highlighting the need for further financial assistance from governments and urging the…

 

IATA Forecasts Slower Air Travel Recovery is published in Aviation Daily, an Aviation Week Intelligence Network (AWIN)

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Host Hotels and Resorts Inc to Post Q1 2021 Earnings of ($0.01) Per Share, Jefferies Financial Group Forecasts (NYSE:HST)

Host Hotels and Resorts Inc (NYSE:HST) – Equities researchers at Jefferies Financial Group reduced their Q1 2021 EPS estimates for Host Hotels and Resorts in a research note issued on Friday, September 25th. Jefferies Financial Group analyst D. Katz now anticipates that the real estate investment trust will earn ($0.01) per share for the quarter, down from their previous forecast of $0.01. Jefferies Financial Group also issued estimates for Host

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Travel Insurance Market Procurement Intelligence Report with COVID-19 Impact Analysis | Global Forecasts, 2020-2024

LONDON–(BUSINESS WIRE)–The Travel Insurance market will register an incremental spend of about $9 billion, growing at a CAGR of 8.06% during the five-year forecast period. A targeted strategic approach to Travel Insurance sourcing can unlock several opportunities for buyers. This report also offers market impact and new opportunities created due to the COVID-19 pandemic. Request free sample pages

Key benefits to buy this report:

  • What are the
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Travel Insurance Market Procurement Intelligence Report with COVID-19 Impact Analysis | Global Forecasts, 2020-2024 – Press Release

LONDON–(Business Wire)–The Travel Insurance market will register an incremental spend of about $9 billion, growing at a CAGR of 8.06% during the five-year forecast period. A targeted strategic approach to Travel Insurance sourcing can unlock several opportunities for buyers. This report also offers market impact and new opportunities created due to the COVID-19 pandemic. Request free sample pages

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200923005574/en/

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Travel CFOs Hesitant on Forecasts as Pandemic Fogs Outlook

Finance chiefs at travel companies are struggling to plan ahead despite a recent pickup in bookings, as the coronavirus continues to spread and a vaccine is still months, if not years, away.

“We’re basically prevented from saying the word ‘forecast’ right now because whatever we forecast…it’s wrong,” said Shannon Okinaka, chief financial officer at Hawaiian Airlines. “So we’ve started to use the word ‘planning scenarios’ or ‘planning assumptions.’”

The pandemic

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