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United Airlines president Scott Kirby speaking in Chicago, Illinois, June 5, 2019. Kamil Krzaczynski | Reuters United Airlines‘ incoming CEO Scott Kirby doesn’t mince words. “It’s far better to be too aggressive than not aggressive enough,” he told a J.P. Morgan industry conference in early March, laying out a bleak picture of potentially sharp revenue declines, as

With the summer holidays fast approaching following several months of lockdown, many of us are wondering when we might return to the skies. But even as some airlines move to resume service when countries ease coronavirus restrictions, it’s unlikely the experience will feel much like the type of flying we’ve come to know. Airlines have

Planes parked at the Barcelona airport terminal, on 12th May 2020. (Photo by Joan Valls | Urbanandsport | NurPhoto via Getty Images Large, state-backed airlines have a better chance of making it through the coronavirus pandemic — but second-tier players “could be in trouble,” according to Greg Waldron from aviation publication, FlightGlobal.  In a bid

Passengers, some wearing masks and protective gear, queue for their flight at Terminal 1 of John F. Kennedy Airport (JFK) amid the novel coronavirus pandemic on May 13, 2020 in Queens, New York. Johannes Eisele | AFP via Getty Images U.S. air travel demand has inched higher this month but airlines are nowhere near their

Hotels are cautiously reopening for the summer travel season, but it’s anything but business as usual in the hospitality industry. Last week, the American Hotel & Lodging Association (AHLA) introduced its Safe Stay guidelines developed under the guidance of an advisory council that includes Accor, InterContinental Hotels Group, Marriot International, Omni Hotels & Resorts and Walt

Given that traffic is currently limited to around 20 cargo flights a day and a few repatriation flights, figures for the second quarter are going to look bleak as well, says Dubai Airports CEO Paul Griffiths. He also discusses the possibility of passenger travel gradually restarting under bilateral agreements between countries whose virus situations are

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.