Research released by ForwardKeys has revealed the extent of the collapse in aviation in the wake of the Covid-19 outbreak.In the year to April 19th, air travel fell to exactly half of what it was in t…
InterContinental Hotels Group saw global RevPAR fall by half in March
InterContinental Hotels Group has sought to reassure markets with news it has secured new financing arrangements to strengthen its liquidity position.Moves include amending its syndicated revolving cr…
Speakers unveiled for second Hospitality Tomorrow event
Following the successful launch of Hospitality Tomorrow, Bench Events has announced the first 30+ speakers for the second edition of the online event.The second installment is set to take place on May…
SAS to cut 5,000 jobs across Scandinavia in wake of Covid-19
Scandinavian Airlines has said it will cut as many as 5,000 jobs as it seeks to restructure for a post-Covid 19 world.The outbreak has removed most of the demand for air travel and thereby the commerc…
Airbus faces gravest situation company has ever known
Airbus has posted a net loss of €481 million for the first quarter of 2020, compared with a net profit of €40 million for the same period last year.Adjusted earnings for the period stood at …
Vietnam Airlines to increase domestic services
Vietnam Airlines and its subsidiaries have confirmed plans to increase domestic operations.The move comes as the country claims “effective containment” of the Covid-19 outbreak.The airline…
Is domestic travel the answer for tourism’s recovery?
Focusing on the domestic market to ensure the South African tourism sector’s recovery post-COVID-19 seems to be the most logical step but how viable is it? Tourism Update explores this in the fi…
Boeing scraps Embraer deal as manufacturers enter new commercial reality
Boeing has scrapped a proposed deal with Embraer to create a joint commercial aviation business.The agreement, valued at $4.2 billion, had been under discussion for two-years, and aimed to boost Boein…
Coronavirus: Air New Zealand suspends New York and key Americas routes indefinitely
Air New Zealand has revealed its revised global network, announcing it will not be resuming several key international routes after the coronavirus pandemic subsides.Among the routes being cut will be …
Boeing slips to huge loss in first quarter
Boeing has reported a loss of $641 million for the first quarter of 2020 as the aviation industry is hit by the coronavirus pandemic.The manufacturing giant reported a profit of $2.1 billion for the s…