Planet DMC

News and tidbits from the travel industry

Category: Skift (Page 1 of 47)

Norwegian Air’s Long-Serving CEO Departs as Airline Pushes For Higher Profits

Kjos’s departure comes as Norwegian tries to move from a period of rapid growth to one of profitability. In recent months, it has cut back routes and bases in an effort to make more money. Earlier this year it raised $353 million through a share sale to avoid breaching financial covenants. […] Norwegian’s operating profit in the second quarter improved dramatically, rising 305 percent to $72.8 million but because of substantial interest expenses pre-tax profit fell 70 percent to $9.7 million. Revenue increased 19 percent to $1.4 billion for the three months to the end of June.Patrick Whyte (Skift)

Olympic Tourists to Paris Will Find No Direct Airport-City Rail Link

Paris is one of the few major global cities with no dedicated rail link to its main airport, and the trip can take just under an hour, sometimes longer. Although the CDG Express link was part of the city’s infrastructure pledge for its Olympic bid, the committee for the games, Paris 2024, said in a statement Wednesday that the delay in its completion won’t hurt visitors’ transport conditions.William Horobin (Bloomberg)

Emirates Rethinks Routes Without a Superjumbo in Its Future Fleet

After establishing Dubai as the leading interchange for flights linking cities around the globe, Emirates is finding it tougher to find profitable new routes, especially with sluggish Persian Gulf economies weighing on margins. The state-owned airline was also unable to convince Airbus SE to upgrade the A380, forcing it to buy smaller jets requiring a recalibration of its super-hub model.Layan Odeh (Bloomberg)

Ryanair Ranked a Top-10 Polluter in Europe

Ryanair was ninth on the list of top polluters in Europe. The remaining slots in the top 10 were taken by utilities that generate electricity from coal, the dirtiest fossil fuel.Mathew Carr and William Wilkes (Bloomberg)

Google Quietly Releases Its Hotel Booking Destination With Potentially Huge Implications

In a span of just a few months, Google’s threat in booking travel is looming even larger. Indeed, Skift said last October Google’s new hotel search is presenting a greater threat to booking rivals. Now the tech giant has added a full-fledged destination site for hotels, without any major fanfare, and has potential implications for booking sites, as well as Airbnb, on the lines of what it has done with its already very-popular Google Flights.Raini Hamdi (Skift)

Singapore’s Changi Is Changing the Idea of What an Airport Can Be

Travelers today have grown more discerning about their destinations and their choice of airports to stopover. With this in mind, we hope to create a one-of-its kind, multi-dimensional destination at Changi Airport to fulfill these travelers’ needs. We firmly believe that Jewel’s unique retail proposition will enhance the overall Changi experience for the millions of travelers who pass through Changi Airport and attract more visitors to Singapore.Hung Jean (Jewel Changi Airport Development)

TUI and Thomas Cook Face Up to Bleak 2019

What’s interesting is that both companies highlight similar challenges. They are blaming the hot European weather from summer 2018, destination-specific challenges in places like the Canary Islands as well as problems in the key UK market, stemming from Brexit. […] From what both companies are saying it’s clear that the overall European holiday market is in bad shape, especially for traditional tour operators. It therefore seems likely that we’ll see some form of consolidation over the coming months.Patrick Whyte (Skift)

Airbnb Buys Gaest to Push Further Into Meetings

The move represents an example of one of Skift’s 2019 Megatrends, as giant online booking sites are looking for their next phases of growth by expanding into new areas, such as the estimated $400 billion a year small meetings market.Sean O’Neill (Skift)

Airbnb’s Grand Travel Ambitions Could Be Taking a Detour

Airbnb’s potential strategy to dig deeper into property management would have benefits and risks. The advantages would revolve around learning the property management space and establishing new revenue streams while the risks could be in engendering the view among current property management partners that Airbnb has become more of a competitor and less of a neutral marketplace.Dennis Schaal (Skift)

Air France-KLM Launches a Unit to Churn Out Travel Startups

BigBlank, the group’s new subsidiary, plans to start projects with entrepreneurs and help those projects morph into startups. It will provide seed fundings of up to $900,000 (€800,000) a project. Many other airlines — including Aeromexico, El Al, Emirates, Etihad, JetBlue, Lufthansa, and Virgin Atlantic — have attempted to mix it up with entrepreneurs, sometimes as marketing gimmicks to make their brands cooler, sometimes to make a financial bet that may pay off down the line, and sometimes to spot new ideas to strategically seize on before their rivals do.Sean O’Neill (Skift)

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