News

Airline labor unions seek billions to extend payroll aid

Unions representing tens of thousands of airline employees on Thursday asked lawmakers for $32 billion in additional government aid to maintain their jobs through the end of March 2021, as air travel demand remains low because of the coronavirus pandemic. U.S. passenger and cargo airlines, as well as airline contractors, had $32 billion in federal …

Airline labor unions seek billions to extend payroll aid Read More »

Many American expats are waiting for their $1,200 stimulus checks

James Blake Wiener, an American living in Zurich, is still waiting to receive his coronavirus stimulus check. James Blake Wiener Millions of Americans are waiting for their stimulus checks. James Blake Wiener, 34, who lives in Zurich, is one of them. He’s not alone. Many U.S. expatriates who live in other countries still have not …

Many American expats are waiting for their $1,200 stimulus checks Read More »

Airlines may lose $84 billion in 2020, but IATA offers roadmap for recovery

Not too long ago, the airline industry was preparing for a surge in passengers, with the International Air Transport Association (IATA) forecasting 8.2 billion air travelers in 2037.  But in April, air travel declined 98% from last year as countries closed their borders in efforts to stem the coronavirus pandemic. “We think airlines are going to …

Airlines may lose $84 billion in 2020, but IATA offers roadmap for recovery Read More »

How much it costs to book a whole hotel during the coronavirus pandemic

From cleaning robots to canceled breakfast buffets, hotels are pulling out the stops to ensure a safe environment for their guests and staff during the global pandemic.  But what about fellow travelers? Are they healthy, are they wearing masks  — and does it seem like the man in the room next door coughs a lot? …

How much it costs to book a whole hotel during the coronavirus pandemic Read More »

5 things to know before the stock market opens June 24, 2020

1. Dow set to fall as U.S. coronavirus cases surge With the S&P 500 soaring more than 21% for the second quarter with five trading days to go, Wall Street strategists are handicapping the likelihood that institutional and other investors will sell some of their big stock market gains and buy bonds in the course of …

5 things to know before the stock market opens June 24, 2020 Read More »

Airline shares tumble as New York imposes quarantine, Florida cases spike

An American Airlines Group Inc. plane prepares for landing at LaGuardia Airport (LGA) in New York, U.S., on Tuesday, April 18, 2017. Timothy Fadek | Bloomberg | Getty Images U.S. airline shares fell sharply Wednesday after state officials in New York, New Jersey and Connecticut said they were imposing a two-week quarantine on travelers arriving …

Airline shares tumble as New York imposes quarantine, Florida cases spike Read More »

EU to open external borders but US visitors could be banned

Brussels Airport, Belgium. NurPhoto The European Union is currently discussing how to reopen its external borders as the region looks to slowly reopen economies, with visitors from countries like America potentially still being barred from entering the bloc. Thirty European countries decided to close their external borders back in March to contain the spread of …

EU to open external borders but US visitors could be banned Read More »

We went inside Hong Kong Disneyland’s reopening. Here’s what we saw

After shutting its doors for nearly five months as Hong Kong confirmed its first coronavirus case, Disneyland Hong Kong reopened to the public last week — but with new safety precautions including compulsory face masks for all guests, temperature checks and safe distancing measures. CNBC attended its re-opening day to see how theme parks in the …

We went inside Hong Kong Disneyland’s reopening. Here’s what we saw Read More »

Bull and bear cases for buying into the travel rebound

Barclays is backing the travel industry’s rebound. The firm upgraded Marriott and Hilton on Monday to overweight, citing “improving demand trends” in the U.S. that should benefit hotel stocks. Michael Binger, president of Gradient Investments, agrees that it could be time to jump back into certain travel stocks. “When you upgrade hotels stocks, you’re really …

Bull and bear cases for buying into the travel rebound Read More »

Why summer getaways are going to be short, likely outdoors and near by

You may not be stuck at home for much longer. People still want to get away, according to Tripadvisor, and more than 66% of travelers say they are already planning their next trip.   Those journeys are likely to be short distance and will probably involve some outdoor activity. Almost half the Tripadvisor consumers said …

Why summer getaways are going to be short, likely outdoors and near by Read More »

Scroll to Top