European shares at seven-week peak as travel stocks shine

European shares at seven-week peak as travel stocks shine

Flutter, Ryanair lead travel stocks higher Travel & leisure index hits near 3-month highs China-exposed luxury companies decline Nov 7 (Reuters) – European shares closed on Monday at a more than seven-week high as a jump in travel and technology stocks helped outweigh a drag from China-exposed luxury giants. The benchmark STOXX 600 index (.STOXX) … Read more

Analysis: Airlines reboot as COVID sparks a revolution in one-day business trips

Analysis: Airlines reboot as COVID sparks a revolution in one-day business trips

Most popular airline routes have changed since 2019 – OAG Higher airline ticket prices offsetting fall in trips Environmental concerns a factor for some companies SYDNEY/CHICAGO, Nov 7 (Reuters) – Airlines around the world are ripping up schedules and bringing in new flights to cope with a COVID-triggered trend in corporate travel for executives like … Read more

Harley cruises past Q3 earnings forecast on improved shipments, shares jump 11%

Harley cruises past Q3 earnings forecast on improved shipments, shares jump 11%

Oct 26 (Reuters) – Harley-Davidson Inc (HOG.N) on Wednesday reported higher-than-expected profit, briefly sending shares up 11% as consumer demand for its popular bike models and price increases during the summer riding season boosted sales. Shares of the iconic motorcycle maker soared in early market trading after the company reported a 60% jump in quarterly … Read more

Mexican carrier Volaris budgets for Mexico Category 1 rating by 2023

Mexican carrier Volaris budgets for Mexico Category 1 rating by 2023

MEXICO CITY, Oct 25 (Reuters) – Volaris airlines is planning its budget on the expectation that Mexico will regain its Category 1 aviation safety rating by the second half of 2023, the Mexican airline’s finance chief said on Tuesday. “We are budgeting for the second half of next year, and we are closely monitoring that,” … Read more

Premier Inn owner Whitbread warns of higher costs after returning to profit

Premier Inn owner Whitbread warns of higher costs after returning to profit

Swung to $347 mln profit in H1 Expects lower margins in H2 as inflation bites Shares down more than 3% Oct 25 (Reuters) – Premier Inn owner Whitbread (WTB.L) said on Tuesday that surging costs for labour, utilities and food would eat into margins in the second half, sending its shares down more than 3% … Read more

AmEx forecasts stronger earnings even as it builds bigger provisions

AmEx forecasts stronger earnings even as it builds bigger provisions

Oct 21 (Reuters) – American Express Co (AXP.N) on Friday forecasts its full-year profit to be higher than initially expected, but built bigger provisions to prepare for potential defaults as an economic downturn looms, sending its shares down 4% before the bell. Despite aggressive rate hikes by the US Federal Reserve to curb soaring inflation … Read more

London stocks subdued; Shell falls on profit warning

London stocks subdued;  Shell falls on profit warning

FTSE 100 up flat, FTSE 250 adds 0.2% Imperial Brands rises on share buyback plan Weaker refining, gas trading to hit Shell’s Q3 results Construction activity improves unexpectedly Oct 6 (Reuters) – UK’s stock indexes were muted on Thursday as a slide in financial shares offset strength in beaten-down consumer and travel and leisure stocks, … Read more

Divided European aviation sector seeks cure to travel chaos

Divided European aviation sector seeks cure to travel chaos

BRUSSELS, Oct 4 (Reuters) – European airlines and airports, reeling from delays that caused widespread disruption as demand roared back after COVID-19, are counting the cost of efforts to avoid a repeat next summer. Industry leaders meeting at the headquarters of air traffic control agency Eurocontrol sparred on Wednesday over who was to blame for … Read more

Carnival Corp plunges on forecast of Q4 loss, delayed return to profitability

Carnival Corp plunges on forecast of Q4 loss, delayed return to profitability

Sept 30 (Reuters) – Carnival Corp (CCL.N), (CCL.L) on Friday forecast a loss for the fourth quarter as higher fuel prices and rising costs of everyday essentials delay its return to profitability, sending the cruise operator’s shares down 20% in early trade. Decades-high inflation has further hit cruise operators that have been running at a … Read more

Analysis: Genting aims to upend Macau casino landscape in bidding war

Analysis: Genting aims to upend Macau casino landscape in bidding war

Genting has solid chance of displacing an incumbent – analysts A Genting entry would shakeup Macau’s gaming sector – analysts Failure to diversify revenue streams makes incumbents vulnerable COVID crisis exposed incumbents’ over-reliance on gaming revenue HONG KONG, Sept 30 (Reuters) – Malaysian group Genting has emerged as a strong contender to unseat an incumbent … Read more