COVID-19 Cash Burn Continues – Urgent Preparations for Restart
Geneva – The International Air Transport Association (IATA) released new analysis showing that the airline industry is expected to remain cash negative throughout 2021. Previous analysis (November 2020) indicated that airlines would turn cash positive in the fourth quarter of 2021. At the industry level, airlines are now not expected to be cash positive until 2022. […]
BetMGM Launches Borgata Casino App in Pennsylvania
Atlantic City’s Iconic Casino Brand Expands into New Market JERSEY CITY, N.J., Feb. 24, 2021 /PRNewswire/ — BetMGM today announced the launch of the Borgata Casino app in Pennsylvania, through a market access partnership with Rivers Casino Philadelphia. Borgata Casino joins BetMGM Casino, which launched in December, as BetMGM’s second online casino in the Keystone State. “There are few casino […]
QANTAS GROUP POSTS HALF YEAR LOSS; FOCUSING ON CASH GENERATION TO REPAIR BALANCE SHEET
Underlying Loss Before Tax: $1.03 billion Statutory Loss Before Tax: $1.47 billion $6.9 billion revenue impact from COVID-19 crisis in HY21 (down 75%) Underlying operating cash flow: $1.05 billion Total liquidity of $4.2 billion, providing capital for restructuring and buffer against uncertainty Domestic airlines generating positive underlying cash flow Losses in Qantas International offset by […]
QANTAS AND JETSTAR PREPARE TO RESUME INTERNATIONAL FLIGHTS FROM LATE OCTOBER
Flights to most international destinations to now resume late October 2021 Trans-Tasman flying to ramp up from July 2021 New flexibility for international bookings, with unlimited flight date changes Qantas and Jetstar are now planning to restart regular international passenger flights to most destinations from 31 October 2021 – a four month extension from the […]
American Airlines Makes It Easier for Customers to Choose Their Travel Experience
Changes simplify the shopping experience for travelers and provide consistency across the airline’s network All Premium Economy tickets will now include two free checked bags regardless of the route. Long-haul international Main Cabin tickets in all markets will include one free checked bag. Customers traveling in Asia/Oceania will be offered a new nonchangeable Basic Economy […]
Aloft Tulum Debuts in Mexico’s Bohemian Paradise
Aloft Tulum, a brand-new, boho-chic-inspired hotel managed by Highgate Hotels, opened last week near Tulum’s desirable downtown district and its white-sand beaches. The four-floor property features 140 loft-like guest rooms and suites and a variety of vibrant spaces for socialization and music, including signature Ático Rooftop Lounge & Bar with an infinity pool, teepees for […]
Eleven of Hilton’s World-Class Brands Ranked in Entrepreneur Magazine’s 42nd Annual Franchise 500®
MCLEAN, Va. – Hilton (NYSE: HLT) announced that 11 of its world-class brands were ranked in Entrepreneur magazine’s 42nd Annual Franchise 500® with Hampton by Hilton, the largest brand in its portfolio, named the number one hotel brand to franchise for the 12th year in a row. Hampton by Hilton was joined by 10 additional Hilton brands ranked within the top 15 of […]
Air New Zealand trials global digital travel pass
Air New Zealand customers and employees will be among the first to trial a digital initiative to get people moving safely across the globe again. With constantly changing entry and departure testing and paperwork requirements during Air travel, the airline wants to streamline the health verification process to help customers know what they need to take their […]
Emirates operates first flight serviced by fully vaccinated frontline teams across all customer touchpoints
EK215 to Los Angeles supported by over 70 vaccinated frontline team members across the operational spectrum Close to 26,000 of Emirates Group’s frontline aviation workforce already vaccinated with two doses DUBAI: Honouring its commitment to the health and safety of its employees and customers, Emirates has become among the first airlines in the world to operate […]
QANTAS ADDS NEW ROUTES TO NORTH COAST FOR HOLIDAYS BY THE SEA
Three new routes to Coffs Harbour and Byron Bay (Ballina) Additional seats to Coffs Harbour from Sydney for April school holidays Sale fares on new routes from $129 one-way Qantas on 19th Feb announced it will add three new routes and extra seats to the New South Wales north coast to support the growing demand […]
