Making money in the airline industry has never been easy.
13.06.2024 - 17:08 / skift.com / Royal Caribbean / Gary Kelly / Gavin Newsom / Rashaad Jorden / Sean Oneill / Jane Alexander / Bob Jordan
Good morning from Skift. It’s Thursday, June 13, 2024. Here’s what you need to know about the business of travel today.
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Activist fund Elliott Investment Management has called for a major shakeup at the top of Southwest Airlines after recently taking a $2 billion stake in the carrier. However, Southwest CEO Bob Jordan has no plans to resign, writes Airlines Reporter Meghna Maharishi.
Jordan said at a Politico event on Wednesday that he would consider Elliott’s feedback, adding that Southwest is ready to adapt its business model. Maharishi reports Elliott has been calling for Jordan and Chairman Gary Kelly to step down due to Southwest’s recent struggles. The carrier has yet to turn a profit this year.
Next, hotel companies’ investments in wellness have grown enormously in recent years. Senior Hospitality Editor Sean O’Neill takes a look at emerging trends in hotel wellness.
A report from consulting firm RLA Global revealed hotels with wellness offerings saw healthy growth in 2023. So-called upper upscale hotels performed best in wellness last year compared to luxury and upscale segments. In addition, a report from investment bank Truist found that spa treatment revenue per occupied room was up at least 30% relative to 2019 levels.
Finally, cruise lines are expected to disclose all mandatory fees and taxes to U.S. consumers starting July 1 to comply with California’s junk fee law, writes Global Tourism Reporter Dawit Habtemariam.
California Governor Gavin Newsom signed a bill last October banning junk fees. The law applies to all businesses with offices or customers in the Golden State. Consumers can sue companies allegedly breaking the law for at least $1,000 in damages.
Royal Caribbean, Carnival and Norwegian Cruise Line all plan to meet the requirements of the new law. Habtemariam reports total prices won’t change — only the advertised prices shown upfront on cruise company channels will.
Producer/Presenter: Jane Alexander
Making money in the airline industry has never been easy.
Good morning from Skift. It’s Friday, June 28, and here’s what you need to know about the business of travel today.
Good morning from Skift. It’s Thursday, June 27, and here’s what you need to know about the business of travel today.
Activist investor Elliott Investment Management slammed Southwest on its weaker second-quarter financial outlook on Wednesday.
Southwest Airlines has cut its revenue guidance for the current quarter. On Wednesday morning, the low-cost carrier said it now expects operating revenue per available seat mile (RASM) to be down 4% to 4.5% for the quarter. Its prior guidance forecast a drop of 1.5% to 3.5%.
Good morning from Skift. It’s Wednesday, June 26, and here’s what you need to know about the business of travel today.
Ambassador Cruise Line is expanding into North America.
A Margaritaville at Sea passenger is suing its parent company, Classica Cruise Operator, claiming she was raped by an employee of a hotel booked by the company.
Good morning from Skift. It’s Tuesday, June 25, 2024, and here’s what you need to know about the business of travel today.
Come July 1, U.S. hotels will need to comply with a California state law that requires upfront disclosure of the total cost — including all mandatory fees — of hotel rooms, among other travel services like short-term rentals and cruises.
All California hotels must disclose surprise junk fees starting July 1 thanks to two new state laws, including one specifically targeting hotel resorts and cleaning fees.
American Airlines is pausing pilot hiring as it reevaluates its growth plans for the year. The carrier said it would temporarily pause new pilot hiring in September, October and November.