Frontier plans capacity ramp-up in bet on recession-wary American travelers

Frontier plans capacity ramp-up in bet on recession-wary American travelers

CHICAGO, Aug 16 (Reuters) – Frontier Group Holdings Inc (ULCC.O) is targeting capacity growth of up to 20% through the decade, Chief Executive Barry Biffle told Reuters, as the budget airline pushes to take a bigger share of the US leisure travel market from rivals amid a weakening economy. From 2024, the Colorado-based carrier is … Read more

Walmart’s long-lasting challenge: luring budget shoppers back to its stores

Walmart's long-lasting challenge: luring budget shoppers back to its stores

Aug 11 (Reuters) – Walmart Inc (WMT.N) could face an uphill battle to reclaim US shoppers who opted for the neighborhood dollar store or Aldi rather than driving farther to a Walmart Supercenter when gasoline was $5 a gallon. While gasoline prices have dropped nearly 20% over the past month, there are no signs shoppers … Read more

Holiday Inn owner IHG sweetens shareholder returns on travel rebound

Holiday Inn owner IHG sweetens shareholder returns on travel rebound

A general view of an Intercontinental Hotel in London, Britain October 20, 2020. REUTERS/Matthew Childs/File Photo Register now for FREE unlimited access to Reuters.com Register IHG shares down over 1% Announces $500 million share buyback Q2 RevPAR for Americas exceeds pre-pandemic levels Aug 9 (Reuters) – IHG (IHG.L) announced a $500 million share buyback on … Read more

Transportation M&A nightmare worth the trip

Transportation M&A nightmare worth the trip

JetBlue Airways aircraft are pictured at departure gates at John F. Kennedy International Airport in New York June 15, 2013. Register now for FREE unlimited access to Reuters.com Register NEW YORK, Aug 8 (Reuters Breakingviews) – With transportation deals, as in life, it’s not the destination but the journey. Canadian Pacific Railway’s (CP.TO) plan to … Read more

Two more grain ships sail from Ukraine as third port opens

Two more grain ships sail from Ukraine as third port opens

10 ships have now sailed under deal with Russia Third port of Pivdennyi up and running under the deal First shipment completed since Ukraine exports relaunched ISTANBUL, Aug 8 (Reuters) – Two more ships, carrying corn and soybeans, departed from Ukrainian Black Sea ports on Monday, Turkey and Ukraine said, taking the total to ten … Read more

US hotels spin travel demand into gold as airlines struggle

US hotels spin travel demand into gold as airlines struggle

A man exits the Four Seasons Hotel, which was later clarified by President Donald Trump’s official Twitter channel as not the Four Seasons location mentioned for the legal team’s press conference, in Philadelphia, Pennsylvania, US November 8, 2020. The press conference was subsequently held at the Four Seasons Total Landscaping company in Philadelphia. REUTERS/Mark Makela … Read more

Insurers ready $50 mln Ukraine grain cargo cover as first ship sails

Insurers ready $50 mln Ukraine grain cargo cover as first ship sails

A Ukrainian serviceman stands in front of silos of grain from Odesa Black Sea port, before the shipment of grain as the government of Ukraine awaits signal from UN and Turkey to start grain shipments, amid Russia’s invasion of Ukraine, in Odesa, Ukraine July 29, 2022. REUTERS/Nacho Doce/File Photo Register now for FREE unlimited access … Read more

Visa profit sails past estimates on resilient consumer demand

Visa profit sails past estimates on resilient consumer demand

A credit card is seen in front of a displayed Visa logo in this illustration taken July 15, 2021. REUTERS/Dado Ruvic/Illustration GLOBAL BUSINESS WEEK AHEAD Register now for FREE unlimited access to Reuters.com Register July 26 (Reuters) – Visa Inc (VN) beat estimates for quarterly profit on Tuesday as resilience in consumer spending so far … Read more

Delta to buy 100 Boeing 737 MAX 10 planes

Delta to buy 100 Boeing 737 MAX 10 planes

FARNBOROUGH, England July 18 (Reuters) – Delta Air Lines (DAL.N) will buy 100 Boeing (BA.N) 737 MAX 10 jets worth about $13.5 billion at list prices and has options to buy another 30, the US carrier said on Monday. Reuters reported in March that Delta was edging towards an order for 100 MAX 10 planes … Read more