Travelport rebrands in preparation for a much anticipated new tech rollout. All concerned wonder if the company can truly innovate.
Royal Caribbean Seeks $1 Billion in Pandemic Damage Control Capital
In heavy financial seas because of the coronavirus pandemic, Royal Caribbean Group is on the hunt for $1 billion to stay afloat.
With XpresCheck An Innovative CEO Dives Into the “New Normal”
XpresSpa Group has launched an impressive airport testing business dubbed XpresCheck, led by former Joe Coffee CEO Doug Satzman.
Aegean Airlines Seeks Government’s Help to Weather Pandemic
Greece’s AEGEAN is asking the government’s help after the company suffered massive losses due to the coronavirus (Covid-19) outbreak.
Investors Eagerly Await TZOO Q3
Travelzoo Inc. (NASDAQ: TZOO) will hold a conference call next Thursday October 25th to discuss their finances for Q3 of 2012. A press release reporting results will be issued just prior to market opening of that day.
Expedia Profits Slow: Shares Drop
The financials are in from Expedia. According to the reports, wile quarter 4 revenue was up by 6.7% at $787.1 million compared with the previous year, expenses took their toll virtually eliminating and growth for 2011.
Will Expedia’s “Verified” Reviews Fly?
Last week, Danny King over at Travel Weekly hit the nail on the head with his assessment of Expedia’s so called “verified” review system. Expedia Verified Reviews attempts to qualify hotel reviews using “use” of Expedia as a criteria. Having pushed TripAdvisor from the OTA nest on its own, Expedia seems intent on milking the last drop from the user review teat.
Orbitz Future Hinges on Travelport Debt
In news from Chicago, the state court of appeals there upheld an earlier decision forcing American Airlines (AMR) to allow Orbitz to sell tickets for its flights. Orbritz, the US’s second largest online ticket seller, has for months been embroiled in dispute with AMR.
Orbitz May Finally Be A Best Buy
Orbitz announcements of deals and personnel changes, like most such corporate news fodder, would not ordinarly be a sign of anything big in the offing. However, with a closing price of $2.40 on Friday, and the inherent value underneath, it doesn’t take a rocket scientist to figure this stock is on the way up.
TUI Travel Value Tumbles
TUI Travel accepts CFO resignation amid almost scandalous restating of financials. CEO Peter Long and CFO Paul Bowtell talk, after which Bowtell announces his resignation. A restated financial report reveals a fairly vast accounting error – stocks decline on the news.