Delta’s 2012 Gamble on an Oil Refinery Is Paying Off — $300 Million Boost
When Delta purchased a refinery in 2012, industry experts were skeptical. But Delta is reaping the rewards from its refinery just south of Philadelphia.
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.
Fuel Crisis Impact: Expect Airline Consolidation — or Elimination, Delta CEO says
Delta is now grappling with elevated fuel costs, causing the carrier to cut capacity and raise fares. Delta CEO Ed Bastian said the oil crisis is different from past crises due to the speed at which fuel prices have increased.
Airlines Say Demand Is Still Strong. Is That Enough to Offset Billions in Added Fuel Costs?
As Delta is set to report first-quarter earnings on Wednesday, concerns about high fuel prices have taken center stage. With the current pace of the fuel price increases, it appears that most airlines might not be able to eke out a profit this year.
Delta to Raise Bag Fees as Airlines Pass Cost of Surging Fuel Prices Onto Passengers
Delta is joining United and JetBlue in increasing baggage fees as high fuel costs are starting to eat into airlines’ profits.
Accor’s 525-Page Filing Reveals Ennismore Is Driving Growth
Ennismore is the engine behind Accor's best-performing division. The open question is whether the high margins and fast growth can continue after a potential IPO.
Southwest 2.0: The Radical Reinvention of America’s Favorite Cult Airline
Southwest is starting to look a lot like other airlines after decades of going its own way. There will be bumps and some loyal passengers will gripe. None of that will matter if it delivers on its profit goals.
Air Canada CEO to Retire as Backlash to LaGuardia Crash Response Continues
Michael Rousseau's struggles with the French language are nothing new, but they've become a major distraction for Air Canada in the aftermath of the deadly crash at LaGuardia Airport.
United CEO Warns of More Fare Spikes, Talks Up Possible Deals
United CEO Scott Kirby is doubling down on premium, banking on high-spend travelers not flinching even if the broader economy softens.
United’s 250-Plane Order Includes More Lie-Flat Seats — and Snack Bars
United is forging ahead with its growth plans and doubling down on premium experiences.
China’s Small-City Boom Gets Results For H World
For years, China’s hotel story was concentrated in major cities like Beijing, Shanghai and Guangzhou. That’s where the demand was, and that’s where most branded supply clustered. But that’s changing now.