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international travel

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

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

Published 29 Apr, 2021 06:05pm
  • 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.
American Airlines readies more jets to meet rising demand

American Airlines readies more jets to meet rising demand

Published 29 Mar, 2021 09:16pm
  • 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.
Ryanair hopes for 60-70pc of normal traffic this summer

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

Published 03 Mar, 2021 06:39pm
  • "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."
American Airlines posts record annual loss on pandemic pain

American Airlines posts record annual loss on pandemic pain

Published 28 Jan, 2021 09:13pm
  • The company posted a net loss of $2.18 billion, or $3.81 per share, for the fourth quarter ended Dec. 31, compared with a profit of $414 million, or 95 cents per share, a year earlier.
  • As we look to the year ahead, 2021 will be a year of recovery.
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