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A Boeing 787 ‘Dreamliner’ plane with the logo of tourism giant TUI at Hanover airport in Langenhagen, central Germany. JULIAN STRATENSCHULTE | AFP | Getty Images Tui will cut up to 8,000 jobs in an effort to reduce costs amid the coronavirus crisis, the European travel company announced Wednesday. In its half-year financial report, it

Regional destinations that guests can get to by car will be the first to rebound, the chief financial officer at Marriott International said Monday after the hotel giant reported much lower-than-expected earnings as coronavirus mitigation restrictions ravaged the travel industry. “We expect demand to return first in drive-to and leisure destinations,” Marriott CFO Leeny Oberg told CNBC’s

A view of a store front with sign Out of Business in Soho area New York City USA during coronavirus pandemic on April 27, 2820. John Nacion | NurPhoto | Getty Images The U.S. economy was slowing last year, but many companies entered 2020 with reasons to be optimistic and expansion plans to match. Hotel

An Airbus A380-800 passenger plane of the Emirates Airlines at Moscow’s Domodedovo Airport. Mikhail Tereshchenko | TASS | Getty Images DUBAI, United Arab Emirates — Dubai state carrier Emirates Airline reported a 21% increase in its full-year profit in the 12 months to March 31, it reported Sunday. The airline, one of the biggest long-haul carriers

Until a vaccine for the coronavirus hits the market, the travel industry is expected to suffer, one industry executive said Friday. “I think no one is going to feel comfortable, fully comfortable, traveling until they can feel that they are safe and that requires either, perhaps we’ll have a vaccine — hopefully not long from

Norwegian Cruise Line hopes to resume sea trips this year, despite a global coronavirus pandemic that has rocked the industry. CEO Frank Del Rio on Thursday told CNBC’s Jim Cramer that his cruise company is consulting with government officials and public health experts to ensure its fleet is safe for crew and passengers to board. “We expect

With the cruising industry in tatters and the desire for remote travel greater than ever, chartering a yacht can sound appealing. But what does it cost? And will rates decrease during the coronavirus pandemic? Yachting has long been the terrain of the ultra-wealthy — and yes, some charter prices are akin to a down payment

Chinese authorities lifted a more than two-month ban on outbound travel from the city where the global pandemic first emerged. Hecto Retamal | AFP | Getty Images Millions of Chinese people kept their spending down during the first major holiday in China since the coronavirus outbreak.  During the Labor Day holiday that ran from May 1

This year marks 100 years since the start of an era which was to define 1920s America, help usher in the Jazz Age and even unexpectedly boost organized crime: Prohibition. Described by U.S. President Woodrow Wilson as “a great social and economic experiment, noble in motive and far-reaching in purpose,” Prohibition ushered in laws banning

Warren Buffett, chairman and chief executive officer of Berkshire Hathaway Inc., speaks during the virtual Berkshire Hathaway annual shareholders meeting seen on a laptop computer in Arlington, Virginia, U.S., on Saturday, May 2, 2020. Bloomberg A 95% plunge in passengers. Billions in losses. A rush for new debt. A recovery that executives expect to take

Donated food and supplies from TSA workers for airport workers who are on reduced hours and/or paychecks, April 30, 2020. Source: TSA The steep decline in air travel caused by the Covid-19 pandemic has triggered layoffs, furloughs and shortened work hours for airport employees and contract workers ranging from wheelchair attendants and baggage handlers to

The entrance to the Magic Kingdom at Disney World is seen on the first day of closure as theme parks in the Orlando area suspend operations for two weeks in an effort to curb the spread of the coronavirus (COVID-19). Paul Hennessy/SOPA Images/LightRocket via Getty Images) Paul Hennessy | SOPA Images | LightRocket via Getty

The Boeing logo is pictured at its Renton Factory, where the Boeing 737 MAX airliners are built in Renton, Washington on April 20, 2020. JASON REDMOND | AFP via Getty Images Boeing on Thursday said it wouldn’t seek federal aid to help it weather the coronavirus pandemic after the aerospace giant secured a whopping $25 billion

A Prime Air cargo plane, operated by Amazon.com Inc., sits on display with other passenger jets during the 53rd International Paris Air Show at Le Bourget, in Paris, France. Jason Alden | Bloomberg | Getty Images As millions of would-be travelers stay home because of the coronavirus pandemic, one airline has found an eager customer: Amazon.

Works of art can be found everywhere, from airplane art galleries flying through the sky to the snow-covered tundra of Antarctica and Banksy’s bathroom — the latter being the artist’s latest shelter-at-home creation. But what about inside the vast ocean blue? A statue that changes color with the sea water Townsville’s Strand Jetty has always

A member of a ground crew walks past American Airlines planes parked at the gate during the coronavirus disease (COVID-19) outbreak at Ronald Reagan National Airport in Washington, April 5, 2020. Joshua Roberts | Reuters Airlines stepped up policies Monday to ensure passengers and employees wear face masks on board amid concerns about the spread

It’s the question on the minds of elite fliers the world over: What’s to become of my airline miles and elite status if I can’t fly for a portion of 2020? Frequent fliers — many who exercise extreme loyalty to their chosen airline — are now finding out if the love affair is a reciprocal

United Airlines planes, including a Boeing 737 MAX 9 model, are pictured at George Bush Intercontinental Airport in Houston, Texas, March 18, 2019. Loren Elliott | Reuters Masks or other face coverings on Friday became mandatory for United Airlines‘ flight attendants, a measure aimed at stopping the spread of the coronavirus. The flight attendants’ labor union is urging

Visitors browse at the display of Expedia during the International Tourism Trade Fair in Berlin. Fabrizio Bensch | Retuers As online travel giant Expedia struggles to survive the ravages of the coronavirus crisis, private equity has jumped in to help the company stay afloat and potentially ready it for sale when the economy restarts.  Apollo

Delta Air Lines passenger planes are seen parked due to flight reductions made to slow the spread of coronavirus disease (COVID-19), at Birmingham-Shuttlesworth International Airport in Birmingham, Alabama, March 25, 2020. Elijah Nouvelage | Reuters Delta and United have reported their first quarterly losses in more than five years. Their competitors are also expected to release dismal results