Airlines are no longer forecast to lose US$5.6 billion this year, with the International Air Transport Association (IATA) halving its forecast to US$2.8 billion last week.
German carrier Lufthansa has reported a EUR112 million net loss for the year ending December, a massive swing from the EUR542 million reported a year earlier.
Cathay Pacific returned to profit last year, posting on Wednesday an attributable profit of HK$4,694 million, compared to a loss of HK$8,696 million in the previous year.
Norwegian Cruise Lines has turned around its US$212 million loss a year ago, managing to record a US$67 million profit for the calendar year of 2009.
Moneydirect have signed a deal with US-based wholesaler GOGO Worldwide Vacations to process its travel agency commissions, the company announced today.
Avis has managed to significantly narrow its losses in 2009, recording a US$77 million loss before tax compared to a US$1.3 billion loss for the calendar year of 2008.
Priceline recently announced a $1.26 billion yearly profit for 2009, an increase of 31.9% compared to 2008 figures on the back of a 52.9% jump in user bookings.
Qantas said it remained cautious today after reporting a $58 million profit after tax in the first financial half of the year, a fraction of the $210 million achieved a year earlier and has opted not...
InterContinental Hotels Group this week reported a pre-tax loss of $64 million due to exceptional costs, without which, the hospitality giant says it would have earned $316 million in profits for the...
Expedia Incorporated last week saw its first ever dividend paid out to investors after reporting a US$299.5 million profit for the calendar year, reversing a US$2.4 billion loss made a year earlier.
Air Canada recorded a CAD56 million loss in the last quarter of 2009, significantly narrowing its CAD727 million loss achieved in the same period a year earlier.
Air France-KLM reported Thursday a third quarter net loss of 295 million euros (US$405 million) compared to a loss of 508 million euros in the same quarter a year ago.
British Airways reported a loss of GBP37 million in the three months ending December, and while significantly smaller than expected, doesn't bode well for a full year profit.
For the full year ending 2009 Starwood managed to record a net profit of US$73 million, a drop of 78% when compared to its US$329 million profit achieved a year earlier.
Royal Caribbean has reported better than expected fourth quarter earnings, which in turn has led to a positive outlook for the year ahead.
Southwest Airlines reported its fourth quarter and full year 2009 results.
Weak economic environment continued to impact results
In Spite Of Difficult Economic And Industry Conditions In 2009, Company Took Many Positive Steps To Manage Through Near-Term Challenges And Position Itself For Long-Term Success
Carnival Corporation has just announced its profits for the last quarter of the year, amounting to some US$193 million, while down from last year's US$371 million, results in the cruise giant earning...
The chairman of Marriott International sold 80,000 shares of his last week, prompting speculation that the company may be further from recovery then first thought.