Thursday, 10 May 2012 | Posted By:
| Source: CNBC.com
Asia’s premium legacy carriers Singapore Airlines and Cathay Pacific are struggling to stay profitable owing to increasing competition and falling passenger traffic, with aviation analysts warning that the turbulence is going to last.
The online travel service reported a big jump in earnings that topped analyst's expectations, but its revenue projection for the second quarter fell short.
Singapore Airlines, the world's second largest carrier by market value, reported an unexpected loss for its fiscal fourth quarter, hurt by weak travel demand and soaring jet fuel prices.
Wynn Macau posted robust growth in the first quarter, helping to boost its parent group Wynn Resorts flagging Las Vegas revenue — underlining the incentive for CEO Steve Wynn to develop his business further in the bustling enclave off China's coast.
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Thursday, 3 May 2012 | Source: The Associated Press
Online travel agency Orbitz Worldwide reported a narrower first-quarter loss on Thursday as more vacationers booked vacation packages and paid more to do it.
Wednesday, 2 May 2012 | Posted By:
| Source: CNBC.com
Vail Resorts CEO Rob Katz told CNBC Wednesday it was a victory of sorts that despite the worst winter for snow in U.S. history, cash flow managed to stay in the mid-single digits.
Wednesday, 25 Apr 2012 | Source: The Associated Press
Wyndham Worldwide first-quarter net income tumbled 56 percent as the hotel company incurred huge charges to extinguish debt early, but topped Wall Street expectations easily when those one-time costs are removed.
The online-travel site's stock has shot up 57% this year but in order to keep investors coming back, the company has to hit the ground running in its new battlefield — mobile bookings. The CEO will outline his plan on CNBC's "Squawk on the Street" on Thursday.
MGM Resorts International is in far better shape than it was four years ago and should be able to weather another economic storm should there be a repeat of the 2008 financial crisis, says CEO Jim Murren.
China’s slowing economy isn’t deterring CEOs of the world’s biggest international hotel chains, who describe the Chinese market as the “most important in the world” and are keeping their aggressive expansion plans for the country in tact.
The enthusiasm among passengers was palpable on Peach Aviation’s Flight MM153, as the low-cost carrier made its way from Osaka’s Kansai International Airport (KIX) to Fukuoka early last month. The FT reports.
United Airlines on Tuesday announced the launch of a daily nonstop flight from Denver International Airport to Narita International Airport in Tokyo... Read More