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International travel reached around 90% of pre-pandemic levels this year, according to the International Air Transport Association. Those trends lifted quarterly earnings of travel companies, with cruise operators like Royal Caribbean (RCL.N) reporting record results in recent weeks. Ticket prices, which in some cases have increased by double-digit percentages since the pandemic, are unlikely to plummet. She expects air fares on long-haul international routes to remain high until supply outpaces pre-pandemic levels, demand normalizes and jet fuel prices decline further. International inbound vs outbound in the U.S this yearAverage domestic airfare is currently $246 round-trip, down 8% from 2022, according to travel booking app Hopper.
Persons: Dan McKone, Amadeus, Jozsef Varadi, Hayley Berg, Hopper, that's, Glenn Fogel, Kathleen Oberg, Joanna Plucinska, Rajesh Kumar Singh, Doyinsola, David Gaffen, Matthew Lewis Organizations: International Air Transport Association, Consulting, Royal, Booking Holdings, Marriott, Lufthansa LHAG.DE, United Airlines, Wizz, Reuters, Holdings, International, U.S . National Travel, Tourism Office, British Airways, IAG, Thomson Locations: CHICAGO, Southern Europe, Britain, France, United States, Germany, Singapore, Royal Caribbean, Manila, Hong Kong, Taipei, Tokyo, Europe, Asia, COVID, U.S, Canada, London, Chicago, New York, Bengaluru
Factors such as cheaper airfares and weaker currencies in Scandinavia could play a role, but one of the world's biggest tour operators TUI (TUI1n.DE) said on Wednesday that climate change will also drive more tourists northbound. Tour operators in places like northern Norway also see an increased demand. This had resulted in more direct flight routes to Northern Norway being created, it said. Heather Storgaard, a Scottish tourist, planned her summer vacation this year in Denmark, with a stop in Northern Germany. Wissenbach is often in Italy due to work but said she preferred the north for holidays.
Persons: Sebastian Ebel, Ebel, TUI, Fabio Scaglione, Diego Bruno, Bruno, Heather Storgaard, we'd, Margit Wissenbach, Joanna Plucinska, Marie Mannes, Rachel More, Alberto Chiumento, Mark Potter, William Maclean Organizations: Mastercard, TUI's, Stockholm, Thomson Locations: Europe, Denmark, Finland, Netherlands, Norway, Sweden, Scandinavia, Poland, Belgium, Greece, Rhodes, Northern Norway, Turin, Italy, Italian, Spain, Scottish, Northern Germany, France, Germany, Switzerland, Gothenburg, Wissenbach
Strong travel demand helps TUI swing back to profit
  + stars: | 2023-08-09 | by ( ) www.reuters.com   time to read: +2 min
That was despite prices rising 7% over last year, indicating that the higher cost of travel wasn't dampening demand. In particular, the wildfires in Rhodes, Greece meant approximately 8,000 TUI customers had to leave their hotels, TUI said. The cost of that will be reflected in the full-year results and is expected to be close to 25 million euros. Ebel said that the Mediterranean region in Europe remained one of the top destinations for the tour group despite extreme weather. "The heatwave in Northern Europe in June and the wildfires in Southern Europe have only dampened temporarily the previously strong development," he said.
Persons: Borja Suarez, Sebastian Ebel, TUI, Ebel, Joanna Plucinska, Friederike Heine, Conor Humphries Organizations: Gran Canaria, REUTERS, Borja Suarez LONDON, Airlines, TUI, Thomson Locations: Puerto Rico, Gran, Spain, Europe, Rhodes, Greece, Northern Europe, Southern Europe
REUTERS/Stephanie Lecocq/File PhotoLONDON/GDANSK, Aug 7 (Reuters) - European carriers on Monday reported disruptions and suspended flights across the African continent after Niger's junta closed its airspace on Sunday. The junta on Monday braced for a response from the West African regional bloc after ignoring its deadline to reinstate the country's ousted president or face the threat of military intervention. The disruption adds to a band of African airspace facing geopolitical disruptions including Libya and Sudan, with some flights facing up to 1,000 kilometers (620 miles) in detours. But aviation analyst James Halstead said that airlines would mostly have to find alternative routes and difficulties should be limited given the small number of African air connections. Spokespeople for Lufthansa (LHAG.DE) and Brussels Airlines said that flight times could be between one-and-a-half and three-and-a-half hours longer for rerouted flights.
Persons: Charles de, Stephanie Lecocq, FlightRadar24, James Halstead, I'm, Ilona Wissenbach, Tim Hepher, Jason Neely, Mark Potter, Conor Humphries Organizations: REUTERS, West African, Air, Lufthansa, Brussels Airlines, British Airways, Thomson Locations: Air France, Sudan, Djibouti, Paris, Charles de Gaulle, Roissy, France, GDANSK, Libya, detours, Europe, Africa, Ouagadougou, Burkina Faso, Bamako, Mali, Accra, Ghana, Nigeria, South Africa, Ethiopia, West Africa
CNN —Tony Bennett’s wife and son are sharing some of their final memories of him. Danny Bennett and Susan Benedetto spoke with “Today” about the legendary singer, who died recently at the age of 96. In addition to Danny, they also shared another son, Dae. The singer was married to Sandra Grant, with whom he shared daughters Joanna and Antonia Bennett, from 1971 to 1984. She also revealed his final words to her.
Persons: Tony Bennett’s, Danny Bennett, Susan Benedetto, Patricia Beech, , , Bennett, , Beech, Danny, Dae, Sandra Grant, Joanna, Antonia Bennett, Benedetto, Alzheimer’s Organizations: CNN,
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Persons: Dow Jones
Before the pandemic hit in 2020, corporate travel was the travel industry's cash cow. Investors in travel companies are concerned that the spending from vacationers cannot make up the shortfall. For months, Alaska Air's (ALK.N) business bookings have been 25% below pre-pandemic levels. JetBlue Airways (JBLU.O) said on Tuesday it will redeploy capacity away from New York to high-margin leisure destinations with business travel demand 20% below pre-pandemic levels. Recent passenger screening and fare data shows U.S. travel demand has peaked, hurting the carriers' pricing power.
Persons: Ronald Reagan, Kevin Lamarque, Shane Tackett, Bob Jordan, Kevin Kopelman, Luis Gallego, JPMorgan Chase, Goldman Sachs, Morgan Stanley, Rajesh Kumar Singh, Doyinsola Oladipo, Sarah Young, Joanna Plucinska, David Gaffen, Matthew Lewis Organizations: Ronald Reagan Washington National Airport, REUTERS, U.S, Investors, Airlines for America, Reuters, JetBlue Airways, Southwest Airlines, Marriott, MasterCard, Delta Air Lines, American Airlines, NYSE, Cowen, British Airways, IAG, Google, JPMorgan, Thomson Locations: Ronald Reagan Washington, Arlington , Virginia, U.S, Alaska, Seattle, Mexico, Costa Rica, California, New York, Asia, Pacific, Europe, Chicago, London
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe only consistency we are seeing this year is resilience in the economy, says BondBloxx's GallegosJoanna Gallegos, BondBloxx Investment Management co-founder, and Peter Boockvar, Bleakley Financial Group CIO, join 'Last Call' to talk moves in the bond market.
Persons: BondBloxx's Gallegos Joanna Gallegos, Peter Boockvar Organizations: BondBloxx Investment Management, Bleakley Financial
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTwo financial experts discuss the markets' road ahead following Fitch's U.S. credit downgradeJanet Mui, Head of Market Analysis at RBC Brewin Dolphin, and Joanna Gallegos, Founder of Bondbloxx, discuss the outlook for stocks and bonds following Fitch's downgrade of the U.S.' credit rating.
Persons: Janet Mui, Joanna Gallegos Organizations: RBC, Bondbloxx, U.S
JetBlue Airways slashed its 2023 outlook and warned of a potential loss in the current quarter as travelers opt for destinations abroad and the carrier grapples with the end of its partnership with American Airlines in the Northeast. JetBlue forecast adjusted earnings per share for the full year ranging from 5 cents to 40 cents, down from an earlier estimate for per-share earnings of as much as $1. Airline executives this earnings season have noted a shift in demand toward long-haul international travel, which was hurt during the pandemic. JetBlue's COO Joanna Geraghty said the shift is "pressuring demand for domestic travel during the peak summer travel period. Both JetBlue and United Airlines said a shortage of air traffic controllers exacerbated flight disruptions resulting from thunderstorms in late June and July.
Persons: Joanna Geraghty, anticompetitive, Geraghty Organizations: JetBlue Airways, American Airlines, Northeast, JetBlue, Revenue, Airline, ., United Airlines Locations: New York, Boston
Musk vs. Zuckerberg vs. Everyone Else: The New Age of Big Tech Fights Twitter owner Elon Musk and Meta CEO Mark Zuckerberg have agreed to a cage match. A physical fight might be a first but WSJ’s Joanna Stern breaks down—with the help of action figures—why this tech brawl is actually like past Silicon Valley beefs. Photo Illustration: Kenny Wassus, Preston Jessee
Persons: Elon Musk, Mark Zuckerberg, Joanna Stern, Kenny Wassus, Preston Jessee Organizations: Zuckerberg, Big Tech, Twitter
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Alix is the creator and star of the HGTV show "Home in a Heartbeat With Galey Alix," which premiered in April and streams on Max. Galey Alix Gravenstein comes from a family of overachievers. Alix got to work with Jay Delgado, remaking Calloway's blank white box into a Galey Alix take on a rich person's beach house. In April 2021, Parker, who had no renovation experience, offered to help Alix with an install. He and Lauren Parker insist Alix is OK because she's able to ask people like them for help without fear.
Persons: Galey Alix, Nancy Meyers, Dale Moss, Alix, semiprivate, fiancé, Goldman Sachs, Joanna Gaines, Drew Scott, Alix gravitates, Jay Delgado, PJ Fetscher, Instagram, she's, she'll, Sonya Revell, , It's, Goldman, I'm, Galey Alix Gravenstein, she'd, Alix didn't, Alix's fiancé, Carrie Calloway, who'd, Mac, Calloway, I'd, Lauren Parker, Parker, Delgado, Fetscher, Kay Marryshow, she's fallible, Phil, Alix's Instagram, it's, She's, Moss, of Moss, he's, Rebecca Zisser, Crystal, Anna Ruiz, Agency Gerard, Ester Gattuso, Susana Betancourt Organizations: grays, Goods, Fort, HGTV, Goldman, Target, University of Florida, Home Depot, Parker, Netflix, Crystal Cox, Agency, Agency Gerard Artists Locations: Italian, Fort Lauderdale, Max, Florida, overachievers, New York, Connecticut, fiancé's Connecticut, Westport , Connecticut, Target, Instagram, Australia, London, India , Puerto Rico, Wyoming, Orlando, peeking
New York CNN —The Senate Finance Committee is looking into whether billionaire investor Leon Black’s $158 million payment to disgraced financier Jeffrey Epstein was part of a greater strategy to avoid paying over $1 billion in federal gift and estate taxes. “The payments were inexplicably large; well in excess of what Black paid any other financial advisors and far higher than the median compensation of Fortune 500 CEOs at the time,” Wyden said in a statement released Tuesday. “At every stage of the committee’s investigation, Black has refused to answer questions or provide any documents that could demonstrate how Epstein’s compensation for tax and estate planning services was determined or justified,” Wyden said in the statement. Black has cooperated extensively with the Committee, providing detailed information about the matters under review,” Whit Clay, a spokesman for Black, said in a statement to CNN. An internal Apollo investigation that documented his $158 million payment to Epstein following the New York Times’ reporting, however, found no wrongdoing.
Persons: Leon Black’s, Jeffrey Epstein, Epstein, Ron Wyden, Wyden, Dechert, ” Wyden, , Black, Mr, Whit Clay, ” Epstein, Dechert didn’t, Joanna Rose, Organizations: New, New York CNN, Finance, Apollo Global Management, Oregon Democrat, Dechert LLP, Apollo, Fortune, CNN, New York Times Locations: New York
CNN —Legendary singer Tony Bennett, best known for singing “I Left My Heart in San Francisco,” has died, according to his longtime publicist, Sylvia Weiner. From Tony Bennett Bennett was discovered by Bob Hope while performing at a New York City club in 1949. In 1963, his recording of "I Left My Heart in San Francisco" won Grammy Awards for record of the year and best solo vocal performance. ABC Photo Archives/Walt Disney Television/Getty Images Bennett and San Francisco Mayor Dianne Feinstein hang onto the outside of a San Francisco cable car before taking a test ride in 1984. His performance of “I Left My Heart in San Francisco” won Grammys for best record and best male vocal performance.
Persons: Tony Bennett, , , Sylvia Weiner, Bennett, Bob Hope, Frank Sinatra, Lady Gaga, ” Bennett, he’d, CNN’s Larry King, Susan Benedetto, Danny, Dae Bennett, Johanna Bennett, Antonia Bennett, Paul McCartney, Larry Busacca, Anthony Benedetto, Tony Bennett Anthony Dominick Benedetto, Hope, , , ‘ Anthony Dominick Benedetto, ’ ” Tony Bennett, Virginia Sherwood, Anthony Dominick Benedetto, John, Mary, John Jr, Tony Bennett Bennett, Bill Randall applauds, Patricia, D'Andrea, Daegal, Pat, collie, David McLane, Sammy Davis Jr, David Redfern, Louis Armstrong, Charlie Ley, Sandra, Malcolm MacNeil, Mirrorpix, Joanna, Howard Cosell, Dianne Feinstein, Feinstein, Jeff Reinking, David Letterman, Richard Drew, Patti LaBelle, Hans Deryk, Mark J, Terrill, Elton John, Scott Gries, Madame Tussaud's, Kevork, Tim Mosenfelder, Fernando Leon, Tina Turner, Robert Redford, Julie Harris, Suzanne Farrell, Scott Suchman, Kevin Winter, Billy Joel, York's Shea, Kevin Mazur, Duke Ellington, Brendan Hoffman, Stevie Wonder, Shahar Azran, Amy Winehouse, Kevork Djansezian, Susan, Michael Loccisano, Sean Zanni, Ball, Tony, San Francisco ”, , ’ ” Bennett, NPR’s Terry Gross, it’s, Clinton, JP Yim, you’re, “ It’s, Danny Bennett, kd, Elvis Costello, “ Tony Bennett, Jack Benny, Charlie Chaplin, Walt Disney, Gary Gershoff, , Sinatra, Jon Bon Jovi, Bono, ” Sinatra, “ Larry King, Ella Fitzgerald, Ella, Bing Crosby, “ Cheek, Cheek, Alzheimer’s Organizations: CNN, MTV, Recording Academy, Los Angeles Convention Center, Paramount, NBCU, Bank, Getty, Facebook, Columbia Records, Bettmann, Patrick's, NY, Smithsonian, Daily, Hulton, ABC, Walt Disney Television, San Francisco, United Nations, Super, Rainforest Foundation, New York's Carnegie Hall, San Francisco Giants, Kennedy, Apollo, New York's Radio City Music Hall, American Ballet, Children's Diabetes Foundation, Children's Diabetes, Radio City Music Hall, San, Clinton Global, New York Times, New York’s High, of Industrial Art, Kennedy Center, , AARP, Radio City Music, CBS Locations: San Francisco, New York, Los Angeles, Astoria , New York, Greenwich Village, New York City, Cleveland, St, Manhattan, Redferns, Washington , DC, View , California, Washington, Lady
LONDON, July 20 (Reuters) - Britain's easyJet (EZJ.L) posted a record pretax profit of 203 million pounds ($262.5 million) for its third quarter, above analysts' forecasts, on the back of an ongoing rebound in summer travel demand and limited disruption despite ongoing strikes. The airline said it also expected to report record pretax profit for its fourth quarter, the July to September period, as costs per seat flattened with oil prices stabilizing. However easyJet's CEO Johan Lundgren warned about the potential impact of limited airspace availability and air traffic control strikes in Europe. EasyJet holidays also saw bookings more than double year-on-year for the winter. ($1 = 0.7734 pounds)Reporting by Joanna Plucinska and Paul Sandle; Editing by Sarah Young and Jan HarveyOur Standards: The Thomson Reuters Trust Principles.
Persons: Johan Lundgren, Lundgren, Joanna Plucinska, Paul Sandle, Sarah Young, Jan Harvey Organizations: Airlines, Thomson Locations: Europe
Netflix said in its 2Q earnings that subscribers to its ads plan have doubled over the previous quarter. Peter Naylor, VP of global advertising salesPeter Naylor, VP, global advertising sales. Netflix has also brought on several directors and other roles in ad sales who've worked at Hulu, Snap, and elsewhere. Chad Rumminger, who focuses on automotive accounts, from automotive ad sales at Twitter. Julie Taylor Green is head of US vertical ad sales; she was TikTok's director of global business solutions before that.
Persons: execs, they're, Jeremi Gorman, Peter Naylor —, Netflix salespeople, Nielsen, DoubleVerify, Kelly Metz, They've, Gorman, Peter Naylor, who've, Naylor, Julie DeTraglia, Kinsey Tamberrino, He's, Hulu playbook, Adam Gerber, Gerber, he's, it's, She's, Asaf Davidov, DeTraglia, Jon Whitticom, Whitticom, that's, Kinsey Osberg Tamberrino, Michaela Giovengo, Valerie Bischak, Doug Brodman, Victoria Morris, Amy Newton, Joanna Read, Eric Berman, Chad Rumminger, Morgan Tully, Nicole Sabatini, Julie Taylor Green, Chris Smutny Organizations: Netflix, Hulu, ABC, Microsoft, Omnicom Media, Yahoo, Gorman's, ABC Television Group, Disney, Comcast, Viacom Media Network, Amobee, Twitter, Google, Amazon, Tech, Gaming, Entertainment Locations: Hulu, TikTok
Let’s All Start Leaving Voicemails Again!
  + stars: | 2023-07-19 | by ( Joanna Stern | ) www.wsj.com   time to read: 1 min
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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThreads is looking for people who tried Twitter and hated it, not Twitter 'power users': Alex HeathJoanna Stern, Wall Street Journal columnist, and Alex Heath, The Verge deputy editor, join 'Last Call' to talk Threads' user base dropping and if it is a bad sign for Meta or too early to say.
Persons: Alex Heath Joanna Stern, Alex Heath Organizations: Twitter, Wall Street Journal
NO CANCELLATIONS YETDemand for travel has soared again this summer as tourists leave behind years of pandemic restrictions, and travel companies say the heat hasn't caused many cancellations - yet. Stories of tourists being airlifted off Italian beaches or ferried away in ambulances from Athens' Acropolis have flooded European media in recent weeks. Italy's Environment Ministry warned in a report this year that foreign tourists would in future travel more in the spring and autumn and choose cooler destinations. Greek authorities closed Athens' ancient Acropolis during the hottest part of the day on Friday to protect tourists. In Spain, high vacation demand is expected in coastal destinations in the north of the country and on Spanish tourist islands, where summer temperatures tend to be cooler, according to a report from national tourism association Exceltur.
Persons: Miguel Sanz, Anita Elshoy, Elshoy, Sean Tipton, Sanz, Dalphna Niebuhr, Daniel Otero, Rebeca Vazquez, Renee Maltezou, Elisa Anzolin, Angelo Amante, Corina Rodriguez, Catherine Evans Organizations: Travel Commission, EUROPE Tourists, Reuters, Ministry, Thomson Locations: ROME, Europe, Czech Republic, Denmark, Ireland, Bulgaria, Norway, Rome, Sicily, Athens, EUROPE, American, Greece, Mykonos, Spain, Bilbao, Italy, Madrid
Princess Diana's 'black sheep' jumper to be auctioned
  + stars: | 2023-07-17 | by ( ) www.reuters.com   time to read: +2 min
[1/4] A 'black sheep' jumper worn by the Britain's late Diana, Princess of Wales, is displayed at Sotheby's, in London, Britain, July 17, 2023. The jumper, which is to go up for auction, was worn by Diana on several occasions, and was recently rediscovered in a box in the attic of the manufacturers... Read moreLONDON, July 17 (Reuters) - A jumper worn by Britain’s late Princess Diana and depicting a black sheep is headed for auction later this summer with a price estimate of up to $80,000. Diana first wore the red jumper, which depicts a lone black sheep among rows of white sheep, to watch then Prince Charles play in a polo game in June 1981, a month before they were married, sparking speculation over its potential significance. A few months later, Diana received a replacement, which she was photographed wearing in 1983. The jumper and letters are on display at Sotheby's London until Wednesday.
Persons: Diana , Princess of, Diana, Britain’s, Princess Diana, Prince Charles, Oliver Everett, Joanna Osborne, Osborne, Cynthia Houlton, Sotheby's, couturier Victor Edelstein, Marie, Louise Gumuchian, Andrew Cawthorne Organizations: Reuters, London, Thomson Locations: Diana , Princess of Wales, London, Britain, New York
Critics of transgender inclusion in women's sport say going through male puberty imbues athletes with a huge physical advantage that transition does not mitigate. The U.S. women's team, including Rapinoe, famously lost 5-2 to an under-15 FC Dallas boys team in an informal training match in 2017. In much of the world, trans people are just lucky to stay alive. LGBT advocates say the debate over transgender inclusion in women's sport has also made for an increasingly hostile environment for gender diverse people in North America. According to LGBT website Outsports, a record of at least 87 out players will compete at the World Cup, more than double the 38 who played in the 2019 version.
Persons: Megan Rapinoe, Martina Navratilova, Rapinoe, Navratilova, Sue Bird, Joanna Harper, Nilla Fischer, Barbra Banda, Quinn, Sarah Gregorius, FIFPRO, You've, Lori Ewing, Nick Mulvenney, Michael Perry Organizations: Athletics, Aquatics, FIFA, trailblazer, WNBA, FC Dallas boys, Reuters, Equatorial, Zambia, Nations, Canada, Toronto Star, England, Thomson Locations: MANCHESTER, England, Australia, New Zealand, U.S, Canadian, Equatorial Guinea, North America, Tokyo
"DEI leaders are facing extreme fatigue and burnout," says Chandra Robinson, vice president in the Gartner HR practice. "Unfortunately," she says, "with so much attention paid to DEI, undue pressures are put on DEI leaders to make progress" quickly. Half of DEI leaders say their biggest challenge is when other leaders fail to take ownership for driving diversity outcomes, and one-third say they have limited power to effectively drive change, according to a 2022 Gartner survey of 181 DEI leaders. Black women are more likely than women overall to aspire to executive roles, according to the joint Lean In and McKinsey "Women in the Workplace" report. But they also face more barriers to advance in their career: Black women leaders are more likely to be undermined at work, and 1 in 3 Black women leaders says they've been denied or passed over for opportunities because of personal characteristics, including their race and gender.
Persons: Karen Horne, Vernā Myers, Netflix's, LaTondra Newton, Terra Potts, Joanna Abeyie, Myers, Abeyie, Rachel Thomas, aren't, Chandra Robinson, Robinson, George Floyd, It's, Russell Reynolds, Thomas, they're, they've, they'd, Kelly Evans Organizations: Hollywood, North, North America DEI, Warner Bros, Academy of Motion Pictures Arts and Sciences, America, DEI, Gartner, Lean, McKinsey, Women Locations: North America, Corporate America
[1/8] Palestinian refugee students attend an activity as part of "Fun Weeks" summer camps run by the United Nations Relief and Works Agency in a school in Beach refugee camp in Gaza City, July 11, 2023. The Palestine children, including those with disabilities, will over four weeks participate in a series of activities including greening, recycling, sports, drawing, handicrafts, and language learning, the agency said. UNRWA runs 284 schools in Gaza, serving at least 290,000 students. The activity creates around 3,000 short-term jobs for Gaza youth, UNRWA said. Established in 1949 following the first Arab-Israeli war, the agency provides public services including schools, primary healthcare, and humanitarian aid in Gaza, the West Bank, Jordan, Syria, and Lebanon.
Persons: Mohammed Salem, Thomas White, Joanna El, Halabi, Nidal Almughrabi, Devika Organizations: United Nations Relief, Works Agency, REUTERS, United Nations, Works Agency for Palestine Refugees, UNRWA Affairs, Reuters, Gaza, UNRWA, West Bank, Thomson Locations: Beach, Gaza City, Mohammed Salem GAZA, Gaza, Israel, Palestine, East, Egypt, Jabalia, Jordan, Syria, Lebanon
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