Alitalia reported a narrower third-quarter pre-tax loss than in the same period last year and said it had enough liquidity to stay in business for at least the next 12 months if it sells non-strategic assets.
United Airlines and Delta Air Lines have been discussing a combination between the nation’s second- and third-largest carriers that would keep the United name and the corporate headquarters in Chicago, according to an official with knowledge of the talks.
Regional banking officials have been warned that any recession in the United States economy early next year will severely hurt the Caribbean tourism sector and hinder governments’ access to loans on the global financial market.
Red Lion Hotels Corp. reported its third quarter profits jumped almost 400 percent based on strong occupancy and room rates.
Ryanair denounced agents as the travel industry’s “greatest deadwood” and “costliest parasites” as it chided European low-cost rival carrier easyJet for signing deals with Amadeus and Galileo.
InterContinental Hotels Group reported a 61 percent drop in third quarter profits as costs rose and the company bought 2.4 million shares of stock. Net income for the three months ended September 30 fell from $341 million last year to $131 million this year.
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