Air travel sees uptick in passenger traffic

Air travel has taken a huge hit during the pandemic but this past weekend, there was a notable uptick in passenger traffic.According to the TSA, on Sunday, it screened 984,234 passengers, the most for any day since March 16. That was still down 61% year over year, but the surge in demand for Columbus Day weekend, typically a minor travel holiday, was noteworthy.Travel expert Troy Petenbrink thinks there are several … Read More

China Golden Week holiday sees millions of tourists, boon to economy

The Associated Press
Published 7:02 a.m. ET Oct. 9, 2020 | Updated 8:49 a.m. ET Oct. 9, 2020

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The Southwest Airlines gates of National Airport are almost completely without flying customers, showing the impact COVID-19 is having on air travel.

Wochit

HONG KONG (AP) — Some 637 million Chinese traveled inside their country during the recent eight-day Golden Week holiday, spending tens of billions of dollars at a time

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Major Green List update sees Government advise against all non-essential foreign travel

All non-essential foreign travel will officially be discouraged from Monday after a major Green List update.

There are now zero countries on the list, which sets out the countries from which Irish people can travel back without needing to quarantine.

The latest data shows that the rate of cases in all countries is now too high, and the Government is asking Irish tourists to avoid non-essential travel.

The four countries

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Watches of Switzerland sees luxury shoppers continue to buy online and in its regional shops – Strategy and Innovation

Image: Screenshot of watches-of-switzerland.co.uk

Image: Screenshot of watches-of-switzerland.co.uk

Watches of Switzerland says its UK customers are still buying its luxury products online and in its regional shops, but staying away from its London shops, where footfall still remains weak.

 

It is now predicting its full-year revenues and profits will be higher than previously predicted.

 

During the Covid-19 lockdown it introduced a range of digital activities, from automated remote selling to virtual events, while improving

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Host Hotels Sees Green Shoots of Recovery in July & August

TipRanks

3 “Strong Buy” Healthcare Stocks With Major Catalysts Approaching

It can happen in a New York minute. We are talking about the massive gains certain healthcare stocks are able to notch in what feels like a split second. Unlike names from other areas of the market, earnings results don’t paint the full picture. Rather, other factors like clinical trial data or regulatory decisions can be more useful in determining

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United CEO sees low air travel until a widely available vaccine

Some sectors of the economy may be able to bounce back before a coronavirus vaccine is widely distributed, Kirby said, but the aviation industry is not one of them. Without an extension of funds for airlines in March’s CARES Act by Oct. 1, Kirby predicted about 16,000 layoffs at his company.

The airline chief said international travel, which represents half of United’s revenue, is still badly lagging and that business

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Braemar Hotels & Resorts Sees Unusually High Options Volume (NYSE:BHR)

Braemar Hotels & Resorts (NYSE:BHR) was the recipient of unusually large options trading activity on Tuesday. Traders acquired 2,956 call options on the stock. This is an increase of 100% compared to the average volume of 1,478 call options.

Hedge funds have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its position in Braemar Hotels & Resorts by 13.7% in the first quarter.

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Sproute sees travel as a journey, not a destination

Our primary navigation tools are designed to get us from point A to point B as fast as possible. However we can shave a few minutes off our trip, we’ll take it.

But the shortest distance between two points isn’t necessarily the most interesting, beautiful or safe, a fact that galvanized Sproute to create a new way of traveling. The app envisioned a world where people prioritize things besides speed

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Second round of small business recovery loans sees 38 applicants | COVID-19

Thirty-eight local businesses applied Tuesday to be considered for the Columbia Housing Programs Division’s second round of loans intended to help small enterprises recover from the impact of the COVID-19 pandemic.



Randy Cole (copy)

Columbia Housing Programs Manager Randy Cole



The Housing Programs Division has $175,000 available in Community Development Block Grant money from the CARES Act for 35 loans of $5,000. The loan money must be spent within 90 days.

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Delta Air Sees Charge of Up to $2.5 Billion on Jet Retirements

(Bloomberg) — Delta Air Lines Inc. warned it would take a pretax accounting charge of $2 billion to $2.5 billion after deciding to remove three aircraft types from its fleet amid an unprecedented collapse in air travel.



a large passenger jet sitting on top of a runway: Ground crew members unload baggage from a Delta Air Lines plane at Salt Lake City International airport.


© Photographer: Angus Mordant/Bloomberg
Ground crew members unload baggage from a Delta Air Lines plane at Salt Lake City International airport.

The noncash impairment will be recorded in third-quarter results, which are due

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Southwest Airlines Sees Lower 3Q Cash Burn Amid Signs Of Leisure Travel Recovery

TipRanks

3 “Strong Buy” Stocks That Are Flirting With a Bottom

In the investing game, it’s not only about what you buy; it’s about when you buy it. One of the most common pieces of advice thrown around the Street, “buy low” is touted as a tried-and-true tactic.Sure, the strategy seems simple. Stock prices naturally fluctuate on the basis of several factors like earnings results and the macro environment, amongst

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Uber auto sees green shoots of recovery; riders close to pre-COVID levels as budget travel gets more popular



a hand holding a cellphone: Uber auto sees green shoots of recovery; riders close to pre-COVID levels as budget travel gets more popular


© Provided by The Financial Express
Uber auto sees green shoots of recovery; riders close to pre-COVID levels as budget travel gets more popular



a hand holding a cellphone: To conserve cash, Uber gave up its office space in Mumbai and had also laid off 600 permanent employees across operations in India in May.


© Provided by The Financial Express
To conserve cash, Uber gave up its office space in Mumbai and had also laid off 600 permanent employees across operations in India in May.

Ride-hailing application Uber has started to witness green shoots of recovery in its auto segment

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Park Hotels and Resorts Sees Stock Price Jump on Update

Park Hotels and Resorts (NYSE:PK) saw its stock price jump almost 9% on Monday after the hotel real estate investment trust (REIT) issued a business update that showed some positive momentum. The REIT, which owns 60 hotels, reported that 46, or 77% of its hotels, are now open along with 59% of its rooms.

For the company’s 37 hotels that were open for all of August, the occupancy rate was

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