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Top related persons:
Chris Helgren - 1 Gross - 1 Scott Devitt - 1 airfares - 1 Priyamvada - 1 Kannaki - 1 Pratyush Thakur - 1 Sriraj - 1
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Newark , New Jersey U.S Southwest Bengaluru
Top related orgs:
Spirit Airlines - 1 Newark Liberty International Airport - 1 REUTERS - 1 Citi - 1 Southwest Airlines - 1 Alaska Air - 1 Delta Air Lines - 1 United Airlines - 1

Search resuls for: "Expedia Inc"


2 mentions found


☆ Gloomy Spirit, Expedia reports drag travel stocks lower on demand slowdown fears
  + stars: | 2023-08-03 | by ( ) www.reuters.com   time to read: +2 min
A Spirit Airlines jet taxis from Newark Liberty International Airport in Newark, New Jersey, U.S. December 6, 2019. REUTERS/Chris Helgren/File PhotoAug 3 (Reuters) - U.S. travel stocks fell in early trading on Thursday following downbeat quarterly reports from Spirit Airlines (SAVE.N) and Expedia (EXPE.O) that amplified concerns domestic demand may be easing after a strong rebound from pandemic lows. Spirit, which mainly operates on domestic routes, also forecast weaker-than-expected revenue for the third quarter, with Citi analysts citing the effect from travel demand shifting to international from domestic. Adding to the gloom, online travel firm Expedia Inc (EXPE.O) reported smaller-than-expected bookings for the second quarter, even as it said travel demand remained "strong." "We believe this is further evidence of softening in U.S. travel demand trends while international growth continues to outperform," Wedbush analyst Scott Devitt said in a note.
Persons: Chris Helgren, Gross, Scott Devitt, airfares, Priyamvada, Kannaki, Pratyush Thakur, Sriraj Organizations: Spirit Airlines, Newark Liberty International Airport, REUTERS, Citi, Southwest Airlines, Alaska Air, Delta Air Lines, United Airlines, American Airlines, Expedia Inc, Thomson Locations: Newark , New Jersey, U.S, Southwest, Bengaluru
☆ Lyft shares jump as Wall Street welcomes CEO change
  + stars: | 2023-03-28 | by ( Aditya Soni | ) www.reuters.com   time to read: +2 min
Lyft said on Monday co-founders Logan Green and John Zimmer would step down as CEO and president, respectively, handing the reins to David Risher who has been a board member since 2021. Risher was among the first employees at Amazon.com Inc(AMZN.O) and served as the e-commerce giant's first head of product. Risher's experience on Lyft's board also gives him a strong command of the business relative to the average incoming CEO, RBC Capital Markets said. Lyft's shares were trading at $10.20 on Tuesday. Rival Uber also had a CEO change in 2017, when it hired then Expedia Inc (EXPE.O) top boss Dara Khosrowshahi.
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