Visa Beats Estimates on Online Shopping Surge
“Our performance in the fiscal first quarter reflected solid results and continued positive momentum in a challenging COVID-19 environment."
Delta Posts Record Loss, Cuts Cash Burn
“Our December quarter results capped the toughest year in Delta’s history,” Delta CEO Ed Bastian said.
Hyatt Loses $161M as Travel Slump Continues
Hyatt's revenue per available room improved in Q3 but the hotelier expects "demand to remain uneven over the coming months."
Visa Beats Estimates as Travel Slump Continues
“The recovery so far has been uneven, V-shaped for domestic volumes but L-shaped for cross-border volumes,” CFO Vasant Prahbhu says.
Marriott Posts Big Loss, Sees Recovery Signs
Marriott’s shares rose as the company reported that it it is seeing "steady signs" of global travel demand returning.
Six Priorities for Travel CFOs During the COVID-19 Pandemic
Hard-hit travel industry companies must take steps to adjust their offerings, redefine pricing strategies, and focus on maximizing customer lifetime value.
United Posts $2.1B Loss, Expects Worse Ahead
With demand collapsing since the second half of March due to the coronavirus, "the worst is still to come" for United.
Thomas Cook Collapses, Leaving Thousands of Travelers Stranded
The British travel agency’s collapse is causing “global travel chaos.”
Ebix Agrees to Buy Yatra
The Atlanta-based software company is planning an IPO for its Indian subsidiary.
Dell Exec David Goulden Joins Priceline as CFO
Goulden's 30 years of experience in technology includes serving as EMC's finance chief from 2006 to 2014.
Trivago Shares Dive on Reduced Guidance
The hotel-search company has been hit by a slowdown in the revenue it generates by referring users to hotel websites.