Scandic Hotels Seeks Expansion in Northern Europe via Office Conversions
In the Nordics, the hotel sector's future is brighter thanks to a growing market for office conversions.
Travel Industry Earnings Coverage
Don’t miss out on Skift’s in-depth coverage of earnings reported by public travel companies, including online travel agencies, hotel brands, airlines, and technology companies. Our earnings stories cut through the numbers to explain what’s really happening at companies and within the industry as a whole.
Spirit Airlines Lowers Outlook, Cites Weaker Revenue From Fees
The ultra-low-cost carrier lowered its revenue outlook for the second quarter, blaming softer ancillary sales.
A Lump Sum and Flight Benefits: American Airlines Posts Severance Package for Former Exec Vasu Raja
Vasu Raja’s severance package includes a payout of his base salary until January 31, 2025 and flight benefits. He’s also eligible to receive a lump sum payout of $968,750 after the severance period ends.
Boeing 737 Max Delays Cost Norwegian Air $3.2m in Second Quarter
An upbeat assessment for summer 2024 came with a warning for 2025, as Boeing 737 Max delivery problems continue to impact plans for further growth.
Banyan Group Set to Have Record Year of Luxury Hotel Openings
Banyan Group, the Singapore-based luxury hotel operator, is on a growth spree. It is also going asset-light faster than you can say "fee-based income."
Delta Falls Short of Expectations as It Grapples With Seating Surplus
Delta, which has consistently been one of the most profitable U.S. airlines, slightly underperformed in the second quarter, partly due to an oversupply of domestic seats. That could signal trouble for domestic carriers this summer.
For Daily Lodging Report Subscribers
Ashford Hospitality Trust Previews Improved Quarterly Results
Ashford Hospitality Trust says its preliminary second quarter results show increased RevPAR year over year, despite a small dip in June.
Superapp? Nah, India’s Ixigo Would Rather Adopt a Multi-App Strategy
Ixigo's got it figured out: Why go superapp when you have loyal users? Ixigo's multi-brand, multi-app strategy meets all travel needs and makes cross-selling easy. No one-size-fits-all solution needed.
Activist Investor Slams Southwest’s Outlook, Says Airline is ‘Unable to Adapt’
Elliott Investment Management, which has a $2 billion activist stake in Southwest, was highly critical of the airline’s revenue forecast cut for the second quarter.
Carnival Reports Record Cruise Bookings for 2025
Carnival is riding a global wave of consumer interest in cruise experiences. The company doesn't see any signs of a slowdown.