Earnings tips

Uber Technologies forecast fourth-quarter gross bookings and adjusted core profit above market expectations on Tuesday, betting that the holiday season would boost demand for its ride-hailing and food-delivery services.

Ryanair on Monday forecast a record annual profit and promised to pay investors a regular dividend for the first time after fares soared 24% during its key summer season.

Booking Holdings reported a record number of room nights booked in the third quarter and strong gains in its flights business. It expects growth to continue but noted a caveat: Business has slowed down in the Middle East because of the Israel-Hamas war and the company’s current forecast assumes no further expansion of the conflict.

Sabre said it had positive cash flow in the third quarter for the first time since 2019 – $39 million, a reversal from negative $123 million a year ago. Revenue jumped 12%, driven primarily by an increase in air and hotel bookings. 

Hyatt has bet more of its future on China than any other Western hotel group. It has 40% of its hotel pipeline there — a greater percentage than the hotel development pipeline of any public company in its peer group.

Marriott International‘s executives reported strong revenue growth in the third quarter on Thursday. They forecasted a steady pace of revenue expansion that would return it to its historical 10-year average after the pandemic disruption.

Good morning from Skift. It’s Thursday, November 2. Here’s what you need to know about the business of travel today.

Lufthansa on Thursday reported quarterly profits slightly above analysts’ consensus on the back of robust travel demand this summer and said bookings remained strong ahead of the busy Christmas holiday season.

Norwegian Air reported third-quarter profit above expectations on Thursday and said current ticket sales were “slightly reduced” going into the usual winter travel lull.

Airbnb’s recent quarter was its most profitable ever and also the best in terms of revenue, according to a shareholder letter the company released Wednesday.

Online travel agency MakeMyTrip announced that it is acquiring a majority stake in Indian intercity car rental company Savaari.

JetBlue Airways had a rough third quarter, as weather-related disruptions and surging jet fuel costs weighed on profits.

Accor issued rosier forecasts for full-year results and its 2024 outlook on Thursday on the strength of better-than-expected performance this year at the Paris-based hotel group.

Southwest Airlines executives want investors to be clear about big thing: U.S. travel demand is “healthy.” Southwest leaders repeated the word several times during the third-quarter earnings call Thursday.

Wyndham’s executives talked at length Thursday about why they wouldn’t accept the unsolicited bid from Choice Hotels – a $9.8 billion buyout offer after assuming debt.

Scandic Hotels Group has posted its third-quarter results today, with a $49.9 million net profit (559 Swedish krona) and a level of indebtedness that continues to shrink.

Hilton reported results on Wednesday that suggested a boom in U.S. hotel bookings after the pandemic has begun to run its course while surging reservations at Hilton’s international hotels appear to be compensating.

Thrill-seekers from China have a renewed interest in adventure travel to Australia and New Zealand, with one adventure tourism operator, Experience Co, seeing a direct boost, according to its financial update on Thursday. 

IHG’s third-quarter results on Friday show the group is starting to benefit from the domestic travel resurgence in China, seeing improvements over 2019 for the first time in four years.

American Airlines wants investors to see the forest and not the trees when it comes to earnings.

Las Vegas Sands Corp reported better-than-expected profit and revenue for the third quarter on Wednesday, as ongoing ramp up of outbound tourism to Macau and Singapore spurred gaming volumes and retail sales.