Qantas Group Reports $1.25 Billion Underlying Profit Before Tax in First Half of FY24

Underlying Profit Before Tax: $1.25 billion (down 13 per cent) Statutory Profit After Tax: $869 million (down 13 per cent) Statutory earnings per share: 52 cents (down 4 per cent) Net debt: $4.0 billion Additional on-market share buy-back of up to $400 million announced. Fares falling as capacity continues to normalise; restart costs unwinding. Significant… Read the full press release

Minor Hotels Achieves Record Revenue in 2023, Projects Strong Growth Ahead

Full-year revenue tops THB 121.4 bn (approx. USD 3.4 bn) in 2023. Core net profit in 2023 increases 450% versus 2022. Europe, Thailand lead growth in group-wide ADR (+10%) and occupancy (+6%). Q423 core profit increases by 95% versus 2022 on like-for-like basis. Strong market conditions tipped to drive continued growth in 2024 (IN SHORT)… Read the full press release

Cathay Pacific Redeems 50% of Hong Kong Government’s Preference Shares, Aims to Complete Buyback by July 2024

Cathay has bought back 50% of the Hong Kong SAR Government’s preference shares and plans to buy the remainder by the end of July 2024 (IN SHORT) Cathay Pacific Group has achieved a significant milestone in its recovery plan by repurchasing 50% of the HK$19.5 billion preference shares issued to the Hong Kong Special Administrative… Read the full press release

PATA and Visa Empower Southeast Asian Tourism SMEs with Finance and Digital Skills Workshops

(IN SHORT) The Pacific Asia Travel Association (PATA) has successfully concluded a series of finance and digital skills workshops for small and medium-sized enterprises (SMEs) in the tourism sector across Vietnam, Indonesia, Cambodia, and the Philippines. In partnership with Visa, these workshops aimed to enhance the financial management and digital literacy of tourism businesses, especially… Read the full press release

Spirit Airlines Reports Strong Unit Revenue Despite Soft Summer Travel Demand in Second Quarter 2023

MIRAMAR, Fla., 2023-Aug-05 — /Travel PR News/ — Spirit Airlines, Inc. (“Spirit” or the “Company”) (NYSE: SAVE) reported second quarter 2023 financial results. “Unit revenue for the second quarter 2023 was strong and well above pre-Covid historical averages,” said Ted Christie, Spirit’s President and Chief Executive Officer. “However, demand for the peak summer travel period… Read the full press release

Booking Holdings Reports Strong Second Quarter 2023 Financial Results with Record Gross Bookings and Increased Net Income

NORWALK, CT, 2023-Aug-05 — /Travel PR News/ — Booking Holdings Inc. (NASDAQ: BKNG) (the “Company,” “we,” “our,” or “us”) reported its second quarter 2023 financial results: • Gross travel bookings, which refers to the total dollar value, generally inclusive of taxes and fees, of all travel services booked by our customers, net of cancellations, were… Read the full press release

San José Mineta International Airport Reports Strong Summer Passenger Volumes and Positive Outlook for Growth

Record days in June; Passenger volumes holding steady at over 1 million per month  SAN JOSE, Calif., 2023-Aug-01 — /Travel PR News/ — Passenger volumes at San José Mineta International Airport (SJC) have been strong and stable through the summer with the Airport reporting 1.12 million passengers in the month of June, a 4.6% year-over-year increase… Read the full press release

Aer Lingus Records Strong H1 2023 Performance, Focusing on Recovery and Future Investment

Dublin, Ireland, 2023-Jul-29 — /Travel PR News/ — Aer Lingus recorded an operating profit before exceptional items of €40 million for H1 2023, having delivered a very strong performance in Q2 2023. The positive H1 performance demonstrates an increased seasonality in the business with a Q1 operating loss of €81m being offset by a €121m… Read the full press release

Historic Environment Scotland announces £3.5m in grants to 11 organisations through its new Partnership Fund grant scheme

National Trust for Scotland, Keep Scotland Beautiful and the Scottish Civic Trust amongst those receiving funding from Historic Environment Scotland EDINBURGH, Scotland, 2023-Apr-26 — /Travel PR News/ — Historic Environment Scotland (HES) has announced the first recipients of its new Partnership Fund grant scheme, awarding a total of £3,566,935 to 11 organisations. Designed to support… Read the full press release

Royal Caribbean Group Releases 15th Annual Seastainability Report, Marking a Milestone Year for its ESG Efforts

Expanding on 15 years of sustainability reporting, the company also releases its first Task Force on Climate-Related Financial Disclosures Report MIAMI, FL, 2023-Apr-21 — /Travel PR News/ — Royal Caribbean Group (NYSE: RCL) released its 15th annual Seastainability Report, providing an in-depth update on the company’s corporate responsibility strategy and performance across its three wholly owned… Read the full press release

Chicago Department of Aviation introduces ordinance to aid small business concessions at O’Hare and Midway airports hit by COVID-19 pandemic

Ordinance provides for amended agreements with small businesses proving services to passengers at O’Hare, Midway Chicago, IL, 2023-Apr-21 — /Travel PR News/ — Mayor Lori E. Lightfoot and the Chicago Department of Aviation (CDA) introduced an ordinance that would permit the CDA to continue to provide relief to concessions operators at O’Hare and Midway International… Read the full press release

Flughafen Wien AG Soars to New Heights with Strong Profit Jump in 2022

Strong jump in profits in 2022: Flughafen Wien AG demonstrates its strength following the coronavirus-related downturn   Business results in 2022: net profit of € 128.1 million (2021: € 6.6 million), revenue up to € 692.7 million (2021: € 407.0 million), EBITDA almost doubles to € 295.9 million (2021: € 154.4 million) About € 800… Read the full press release

Choice Hotels International partners with Wells Fargo and Mastercard to launch new cobranded credit card program this spring

Offering enhanced rewards and benefits for members, the new Choice Privileges Mastercard will launch this spring. Existing cardmembers will be converted to the new program in May ROCKVILLE, Md., 2023-Feb-15 — /Travel PR News/ — Choice Hotels International, Inc. (NYSE: CHH)—one of the world’s largest lodging franchisors—has finalized a multi-year agreement with Wells Fargo and Mastercard to launch… Read the full press release

Mayor Lightfoot and DCASE Announce $11M in Grants for Chicago Arts Organizations’ Recovery

Department of Cultural Affairs and Special Events (DCASE) Announces 2023 Cultural Grants, Furthering City’s Investment in Arts Recovery CHICAGO, IL, 2023-Feb-07 — /Travel PR News/ — Today (February 2, 2023), Mayor Lori E. Lightfoot and the Department of Cultural Affairs and Special Events (DCASE) announced the 2023 DCASE Cultural Grants Program plans, including $11M to… Read the full press release

Hotel Industry Set to Rebound: Surpassing Pre-Pandemic Demand, Revenue, and Tax Revenue in 2023

2023 AHLA State of the Industry forecasts opportunities, challenges WASHINGTON, DC, 2023-Jan-31 — /Travel PR News/ — The hotel industry in 2023 is projected to surpass pre-pandemic levels of demand, nominal room revenue and state and local tax revenue, while inching closer to other key 2019 performance metrics, according to the American Hotel & Lodging… Read the full press release

UK Civil Aviation Authority Proposes Changes to ATOL Financial Protection Scheme to Improve Consumer Protection and Resilience of the Scheme

LONDON, UK, 2023-Jan-25 — /Travel PR News/ — The UK Civil Aviation Authority has today (01.24.2023) published the emerging findings of its programme for ATOL reform. The regulator is seeking further information from stakeholders to support its work in finalising its proposals for changes to the ATOL financial protection scheme. The Civil Aviation Authority, which… Read the full press release

Join the Discussion on Auckland Airport’s FY23 Interim Results with CEO and CFO

Analyst and media webcast for FY23 interim results Auckland, New Zealand, 2023-Jan-19 — /Travel PR News/ — Auckland Airport’s interim results for the six months ending 31 December 2022 will be announced on Thursday, 23 February 2023. A webcast for analysts and media with our Chief Executive Carrie Hurihanganui and Chief Financial Officer Phil Neutze… Read the full press release

SAS Concludes Lessors Negotiations and Expects to Achieve Targeted Cost Savings in Chapter 11 Process

Stockholm, Sweden, 2023-Jan-16 — /Travel PR News/ — SAS AB (“SAS” or the “Company”) announces that it has reached agreements with two additional lessors, representing 13 aircraft in the aggregate, to amend the terms of existing aircraft and equipment lease agreements. With these agreements, SAS concludes its lessor negotiations as part of the chapter 11… Read the full press release

Host Hotels & Resorts Amends and Restates $2.5 Billion Credit Facility, Extends Maturities to 2028 and Adds Sustainability Incentives

BETHESDA, Md., 2023-Jan-06 — /Travel PR News/ — Host Hotels & Resorts, Inc. (NASDAQ: HST), the nation’s largest lodging real estate investment trust (the “Company”), today (Jan. 04, 2023) announced that it amended and restated its existing $2.5 billion credit facility (the “Agreement”). The Agreement extends maturities from January 2025 to January 2028, including all extension options, and… Read the full press release

Qatar Airways Privilege Club announces its latest partnership with Visa

This expanded partnership creates a new world of opportunities for Privilege Club members to collect and spend Avios Doha, Qatar, 2022-Oct-18 — /Travel PR News/ — Qatar Airways Privilege Club has signed a global strategic agreement with Visa, world’s leader in digital payments, part of a new 10-year exclusive partnership. This latest collaboration enables Privilege… Read the full press release

Choice Hotels to release 2022 third quarter earnings results on Monday, November 7, 2022

ROCKVILLE, Md., 2022-Oct-12 — /Travel PR News/ — Choice Hotels International, Inc. (NYSE: CHH), one of the world’s largest lodging franchisors, will report its 2022 third quarter earnings results at approximately 6 a.m. Eastern Standard Time (EST) on Monday, November 7, 2022. The company will also hold a conference call at 8:30 a.m. EST, during which Patrick Pacious, president and… Read the full press release

Hyatt Hotels Corporation updates on operating results for May, summer travel booking trends, and closes on asset dispositions

System-wide RevPAR Accelerates in May; Future Bookings Continue to Strengthen Chicago, IL, 2022-Jun-07 — /Travel PR News/ — In conjunction with the start of the NYU International Hospitality Industry Investment Conference, Hyatt Hotels Corporation (“Hyatt” or the “Company”) (NYSE: H) is pleased to share an update on operating results for May, summer travel booking trends,… Read the full press release

Qantas adds new payment option with buy now, pay later provider Zip

Qantas to offer buy now, pay later option for flights for the first time Frequent Flyers can earn extra Qantas Points on flights with Zip Members can choose to earn points with Zip Rewards Sydney, Australia, 2022-May-20 — /Travel PR News/ — Qantas customers can ‘fly now, pay later’ with a new payment option helping… Read the full press release

Agoda to offer interest-free credit card installments across its booking platform in partnership with Visa

SINGAPORE, 2022-May-12 — /Travel PR News/ — Global travel platform Agoda, today (May 11, 2022 ) announced its partnership with Visa, the world leader in digital payments, to offer interest-free credit card installments across its booking platform. Agoda will be the first global Online Travel Agency (OTA) to offer this payment option with Visa in… Read the full press release

Alaska Air Group extends co-branded credit card agreement with Bank of America

Continues Longstanding Relationship Through 2030   Expanded Partnership will Further Drive Credit Card Acquisition and Loyalty  Strengthened Benefits to be Introduced in the Second Half of 2022  New York, NY, 2022-Mar-29 — /Travel PR News/ — Alaska Air Group Inc. (NYSE: ALK) and Bank of America (NYSE: BAC) today (March 24, 2022) announced an extension of… Read the full press release

Qantas Loyalty launches its latest financial services product — Qantas Business Money

SYDNEY, AUSTRALIA, 2022-Feb-23 — /Travel PR News/ — Qantas Business Rewards is making it easier for Australian companies to do business overseas through a global payments platform that also allows them to earn Qantas Points. Qantas Business Money will be available in the second quarter of the year to more than 350,000 small and medium… Read the full press release

Finavia and The Nordic Investment Bank sign loan agreement to support Helsinki Airport expansion program

Vantaa, Finland, 2021-Oct-27 — /Travel PR News/ — Finavia and The Nordic Investment Bank (NIB) have signed a 15-year loan agreement of EUR 25 million to finance the fourth and final phase of the strategic investment programme, which includes the extension of the Terminal 2 at Helsinki Airport. Helsinki Airport has been undergoing extensive work… Read the full press release

Danske Bank opens The Drop Zone digital hub at George Best Belfast City Airport

Belfast, Northern Ireland, 2021-Oct-15 — /Travel PR News/ — A new digital hub sponsored by Danske Bank has opened at George Best Belfast City Airport to help business and leisure travellers stay connected. The Drop Zone, located in the airport’s Departures Lounge, offers passengers the chance to have a seat while charging their phones, tablets… Read the full press release

Chase Card Services and Hyatt launch new World of Hyatt Business Credit Card

Introducing first-ever adaptive rewards accelerator from Chase for small business owners to earn double World of Hyatt points on categories where they spend the most CHICAGO, IL, 2021-Oct-10 — /Travel PR News/ — Today (October 6, 2021), Chase Card Services (NYSE: JPM) and Hyatt Hotels Corporation (NYSE: H) announced the launch of the new World… Read the full press release

Hyatt Announces Pricing of Public Offering of 7,000,000 Shares of Common Stock

CHICAGO, IL, 2021-Sep-25 — /Travel PR News/ — Hyatt Hotels Corporation (“Hyatt” or the “Company”) (NYSE: H), a leading global hospitality company, announced today (September 22, 2021) the pricing of its underwritten registered public offering of 7,000,000 shares of its Class A common stock at a public offering price of $74.50 per share.   The underwriters… Read the full press release