Travel demand cushions 737 MAX toll
Healthy travel demand helped cushion quarterly results at American Airlines and Southwest even though the Boeing 737 MAX grounding weighed on costs and profits. Fred Katayama reports......»»
American Airlines said 13,000 employees are at risk of furlough as slow vaccine rollout and travel restrictions dampen demand
The airline said it may furlough nearly 2,000 pilots and over 4,000 flight attendants and it won't fly all of its aircraft this su.....»»
Yelp: Hawaii towns among hardest hit by consumer declines due to Covid curbing travel
For Yelp's report, researchers collected information on business growth and consumer demand across 50 U.S. metros in Q4 of 2020 as part of the Yelp Economic Average, or YEA, a gauge of local economic strength......»»
Boeing to delay 777X again as it posts record annual loss
The coronavirus crisis has exacerbated a drop in demand for the industry's largest jetliners, with airline customers shunning deliveries of planes due to international travel restrictions, hurting cash flow at the U.S. planemaker......»»
Airbnb CEO Brian Chesky on 3 travel industry trends the pandemic has changed forever
The wide-ranging interview peeks into a chaotic spring, "one of the greatest things we ever did" and what to expect travelers to demand in 2021......»»
Airbnb CEO Brian Chesky on three travel industry trends the pandemic has changed forever
The wide-ranging interview peeks into a chaotic spring, "one of the greatest things we ever did" and what to expect travelers to demand in 2021......»»
Coronavirus Update: U.S. sees record one-day death toll and experts worry new variant may make activities like plane travel more risky
The U.S. .....»»
Futures Movers: Oil prices end 2020 on a positive note, but suffer 20% annual fall as pandemic took toll on demand
Oil futures end 2020 on a positive note, but suffer a hefty yearly fall, only partially recovering from the hit to crude demand from the COVID-19 pandemic......»»
Futures Movers: Oil prices end sharply lower, threatening to snap 7-week streak of gains
Oil futures settle sharply lower Tuesday for the second straight day on worries about energy demand following new travel bans and lockdowns in Europe and the U.S. to combat the COVID-19 pandemic, even though a vaccine rollout has begun......»»
Second stimulus bill: For furloughed airline workers, paychecks by Christmas Eve?
U.S. airlines plan to start bringing back furloughed workers once the new stimulus bill is signed into law, but travel demand remains persistently l.....»»
Another Body Blow for the Frequent-Flier Class
There is pent-up demand for air travel in 2021, but Britain’s new border restrictions show the aviation industry is still very fragile......»»
Another Body Blow for the Frequent-Flyer Class
There is pent up demand for air travel in 2021, but Britain’s new border restrictions show the aviation industry is still very fragile. .....»»
Jet fuel prices take flight as vaccine roll-outs spur hopes of more air travel
Global jet fuel markets are coming back to life, resuscitated by a rebound in air cargo demand, gradually recovering passenger traffic and hopes that COVID-19 vaccines will spur more international flights in 2021......»»
Southwest CEO: Radical restructuring coming if demand doesn"t improve by Sept. 30
Southwest CEO Gary Kelly said Thursday he will have to "radically restructure" the airline if travel demand does not improve dramatically by the fall......»»
OPEC further slashes 2020 world oil demand forecast, but makes "huge" cut in supply outlook
The Organization of the Petroleum Exporting Countries on Wednesday further cut its forecast for global oil demand in 2020, but also forecast a drop in supply as low prices take a toll on production around the world. In.....»»
Demand and occupancy for Hawaii vacation rentals fell in March amid Covid-19 travel restrictions
Unit supply for vacation rentals throughout the state was up in the month of March, while unit demand and occupancy fell as global demand for travel declined and travel restrictions to the Islands increased amid the coronavirus, according to the latest .....»»
Coronavirus crisis leads to largest U.S. consumer price decline since 2008
U.S. consumer prices dropped by the most since the Great Recession in April, weighed down by a plunge in demand for gasoline and services including airline travel as Americans stayed home during the coronavirus crisis......»»
U.S. consumer prices post largest decrease since 2008
U.S. consumer prices dropped by the most since the Great Recession in April, weighed down by a plunge in demand for gasoline and services including airline travel as Americans stayed home during the coronavirus crisis......»»
Consumer prices plunge with demand for gas, services
U.S. consumer prices dropped by the most since the Great Recession in April, weighed down by a plunge in demand for gasoline and services including airline travel as people stayed home during the coronavirus crisis......»»
U.S. consumer prices post largest drop since 2008
U.S. consumer prices dropped by the most since the Great Recession in April, weighed down by a plunge in demand for gasoline and services including airline travel as people stayed home during the coronavirus crisis......»»
U.S. consumer prices post biggest decrease since 2008
U.S. consumer prices dropped by the most since the Great Recession in April, weighed down by a plunge in demand for gasoline and services including airline travel as people stayed home during the coronavirus crisis......»»