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international travel

Mastercard profit falls nearly 6pc on cross-border spending slump
Business & Finance

Mastercard profit falls nearly 6pc on cross-border spending slump

  • Net income, excluding exceptional items, fell to $1.7 billion, or $1.74 per share, from $1.8 billion, or $1.83 per share, a year earlier. *Over the past year, major card companies and payment processors have been hit by a near collapse in travel demand and spending on non-essentials during the COVID-19 pandemic.
Published 29 Apr, 2021 06:05pm
American Airlines readies more jets to meet rising demand
Business & Finance

American Airlines readies more jets to meet rising demand

  • American said that as of March 26, average bookings for the next seven days had reached 90% of levels experienced before the pandemic upended air travel in 2019, with a domestic load factor of about 80%.
  • "The Company presently expects this strength in bookings to continue through the end of the first quarter and into the second quarter," it said in a regulatory filing.
Published 29 Mar, 2021 09:16pm
Ryanair hopes for 60-70pc of normal traffic this summer
Business & Finance

Ryanair hopes for 60-70pc of normal traffic this summer

  • "We would be hopeful that we could fly maybe 60, 70% of our normal traffic volumes during the peak summer months ... June, July, August and September," he said. "That's about as optimistic as its going to get."
  • "We don't need a taskforce, we just need action," O'Leary said. "The real challenge is timing here ... we need to give them the clarity to book their summer holidays."
Published 03 Mar, 2021 06:39pm