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Two travel giants raised $4 Billion to ride out the pandemic. Only one needed it.

Revenue has plunged at both Booking Holdings Inc. and Expedia Group Inc. this year......»»

Category: topSource: foxnewsNov 21st, 2020

Another Columbus unicorn: Hospital AI bot Olive raises $226M, now valued at $1.5B

A second Drive Capital startup has attained unicorn status with a $1.5 billion valuation. The 7-year-old company has raised 86% of its total $448 million VC funding during the pandemic......»»

Category: topSource: bizjournalsDec 1st, 2020

Hilton agrees to sell nearly $2B in debt as Covid-19 pandemic continues its toll on travel

Hilton WorldWide Holdings Inc. (NYSE: HLT) will sell $1.9 billion in debt in a private offering to institutional buyers, including J.P. Morgan Securities LLC and several others they represent — a measure many hoteliers have implemented during the Covi.....»»

Category: topSource: bizjournalsNov 19th, 2020

Uber calculated new route during pandemic: Food delivery making more money than core rides service

Ride-hailing company Uber lost $1.09 billion in the third quarter as many customers continued to stay out of shared vehicles.Ride-hailing company Uber lost $1.09 billion in the third quarter as many customers continued to stay out of shared vehicles......»»

Category: topSource: chicagotribuneNov 6th, 2020

Uber calucated new route during pandemic: Food delivery making more money than core rides service

Ride-hailing company Uber lost $1.09 billion in the third quarter as many customers continued to stay out of shared vehicles.Ride-hailing company Uber lost $1.09 billion in the third quarter as many customers continued to stay out of shared vehicles......»»

Category: topSource: chicagotribuneNov 5th, 2020

The pandemic forced Amazon to stop spending on big-budget items in 2020, including $1 billion in travel

Although the coronavirus pandemic is costing Amazon billions of dollars, it's also saved the company millions in travel and .....»»

Category: personnelSource: nytOct 30th, 2020

Seattle VC deals on track to surpass 2019 values despite pandemic

Seattle-area companies raised $1.5 billion in Q3, bringing deal values so far this year to $3.2 billion, up from $2.8 billion through Q3 last year......»»

Category: topSource: bizjournalsOct 16th, 2020

How the pandemic has battered 16 airlines that serve PDX

It's been a devastating year for travel around the globe due to the unprecedented precautions needed to prevent the spread of the Covid-19 pandemic. But it's been an even harder year for Portland's international reputation as a travel destinati.....»»

Category: topSource: bizjournalsOct 8th, 2020

Airlines will lose $77 billion in the second half of 2020 and Boeing predicts a 20-year recovery process as COVID-19 continues to crush travel demand

Airlines expect travel demand to recover from the pandemic by 2024, but Boeing expects planemakers' sales to suffer for decades. As airlines continue to see Reuters Airlines around the world will burn $77 billi.....»»

Category: worldSource: nytOct 8th, 2020

One Pandemic Later, Direct Listings See Some Blue Sky

Hot technology startups have traditionally raised the cash they needed to break into the big time through initial public offerings. IPOs became synonymous with instant wealth for company founders and those lucky enough to buy those shiny new sh.....»»

Category: topSource: washpostSep 27th, 2020

Market Extra: Why these strategists say at least $500 billion more is needed to fuel consumer spending during the pandemic

As Congress remains in a deadlock over additional pandemic aid package, here's a look at what it may take to keep U.S. consumers spending and the economy in recovery......»»

Category: topSource: marketwatchSep 15th, 2020

ESG links: perfection not needed

We are now publishing our ESG links on a monthly basis. However the coronavirus pandemic has taken the wind out of ESG... Asset managementESG funds now have more than $100 billion in AUM. (ft.com)The launch of the SPDR S&P 500 ESG ETF ($EFI.....»»

Category: blogSource: abnormalreturnsSep 2nd, 2020

: Uber’s delivery business tops core ride-hailing as pandemic rocks earnings

Uber posted another quarterly loss of more than $1 billion Thursday as the COVID-19 crisis took a toll on its core ride-hailing business, which was surpassed by Uber's food-delivery business for the first time......»»

Category: topSource: marketwatchAug 6th, 2020

MarketWatch First Take: Pandemic? Antitrust? No worries for Big Tech, which racked up $200 billion in sales anyway

Amid a global pandemic and concerted antitrust scrutiny, the four giants of Big Tech are just getting bigger......»»

Category: topSource: marketwatchJul 30th, 2020

MarketWatch First Take: Pandemic? Antitrust? Doesn’t matter to Big Tech, which just reported nearly $200 billion in sales

Amid a global pandemic and concerted antitrust scrutiny, the four giants of Big Tech are just getting bigger......»»

Category: topSource: marketwatchJul 30th, 2020

Boeing lost $2.4 billion in the second quarter as the coronavirus pandemic and 737 Max scandal crushed demand for new airplanes (BA)

Lindsey Wasson/Reuters Boeing lost $2.4 billion dollars in the second quarter, as the coronavirus pandemic has led demand for air travel .....»»

Category: topSource: businessinsiderJul 29th, 2020

Raytheon"s CEO sees a long wait before air travel returns to pre-Covid levels

The contractor saw $3.6 billion in pandemic-related charges in its second quarter and will look to its resilient Arizona-based defense business to help offset the loss......»»

Category: topSource: bizjournalsJul 28th, 2020

COVID Hits Southwest Airlines With $1.5B Q2 Loss

Southwest Airlines Co. (NYSE: LUV) recorded a $1.5 billion adjusted net loss in the second quarter, a direct result of the devastating impact of the coronavirus pandemic on passenger travel. Revenues plummeted 83% to $1 billion. Including special ch.....»»

Category: earningsSource: benzingaJul 23rd, 2020

American Airlines swings to loss as revenue tumbles 86%

American Airlines Group Inc. posted a big loss for the second quarter, as travel was decimated by the coronavirus pandemic. The carrier said it had a net loss of $2.067 billion, or $4.82 per share, in the quarter, .....»»

Category: topSource: marketwatchJul 23rd, 2020

Delta’s passenger traffic plunges 93% as US infections surge. A recovery will take more than two years, CEO predicts.

Delta Air Lines lost $5.7 billion during a brutal three-month stretch in which the coronavirus pandemic brought travel to a near standstill, and any hoped-for recovery has been smothered by a re.....»»

Category: topSource: chicagotribuneJul 14th, 2020

Surge in US infections hits Delta, with passenger traffic down 93%. A recovery will take more than two years, CEO predicts.

Delta Air Lines lost $5.7 billion during a brutal three-month stretch in which the coronavirus pandemic brought travel to a near standstill, and any hoped-for recovery has been smothered by a re.....»»

Category: topSource: chicagotribuneJul 14th, 2020