Skift Take Browse Air’s launching on the general public markets will put to the test 2 big questions in travel: the credibility of electrical airplanes and subscription membership models. Tom Lowry Electric air travel and flight business Browse Air Mobility (SAM) said on Wednesday it would combine with a blank-check company and commuter airline companies Southern Airways Corporation, in an...
Skift Take All Russian airlines should manage mass cancellations and refunds, echoing the early days of the pandemic. For example, Aeroflot and S7, Russia’s two largest airlines, said they were halting flights to the dozens of countries they serve. Sean O’Neill Russia’s state aviation authority on Saturday recommended Russian airlines with foreign-leased aicraft to suspend...
Skift Take
In Skift’s leading stories this week, various large corporate travel agencies have actually made big changes given that the pandemic, unions representing pilots at two U.S. airline company giants seek exemptions from vaccine mandates, and two major U.S. hotel management business reveal strategies to combine.
Rashaad Jorden
Skift Take This week, travel start-ups announced more than $60 million in financing. Principles included short-term rental remain in the U.S., travel services in Vietnam, and online travel sales in Russian-speaking markets. Sean O’Neill, Skift This week, travel start-ups announced more than $60 million in funding. >> Hopin, a virtual occasions unicorn, raised $450 million in Series D...
Skift Take City breaks aren’t as popular (yet) as beach getaways, however the hotelier still has some way to go to turn a profit after Omicron’s effect previously in the year. Matthew Parsons Spain’s Melia Hotels stated on Wednesday its occupancy rates and earnings should recover to pre-pandemic levels in its resort hotels this year, amid a strong rebound in tourist after the...
Skift Take The EU wishes to broaden its lists of travelers from seven allowed countries to all travelers, which, if approved, would be a benefit for the tourism market wanting to offset substantial lost ground in the summer of 2021. Tom Lowry The European Union’s executive advised on Monday that foreign citizens totally immunized against COVID-19 and those coming from countries with a great...
Skift Take With workplaces uninhabited again due to a debilitating week-long rail strike, and airports under pressure, travel is suffering an obstacle, particularly organization travel. In public relations terms, the UK needs to be in crisis management mode. Matthew Parsons Overstretched airports and nationwide rail strikes this week are knocking the brakes on the UK’s financial recovery...
Skift Take Genting may not be one of the cruise sector’s giants, but its collapse showcases just how much the pandemic has actually battered that industry. Tom Lowry Genting Hong Kong cruise line will cease the majority of its operations after being battered by the standstill influence on the cruise industry from the pandemic while collecting huge amounts of financial obligation. In a...
Skift Take Boeing already paid more than $2.5 billion to put the 737 Max mess behind it. If the case versus the former Boeing chief technical pilot goes to trial, then assuredly brand-new info about Boeing’s negotiations with the U.S. Federal Aviation Administration will emerge. Dennis Schaal A previous Boeing Co chief technical pilot, implicated of tricking federal regulators assessing the...
Skift Take It is certainly an attractive time for private equity firms to invest in travel companies under pressure, but picking winners is never a slam dunk. Dennis Schaal It’s an investor’s market during the fits and starts of the Covid pandemic, and the easiest time to invest in travel. That’s the view of Greg O’Hara, founder and senior managing director of Certares, the private equity firm...