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AP News | Equities.com |

Americans couldn’t resist the urge to gather for Thanksgiving, driving only slightly less than a year ago and largely ignoring the pleas of public health experts, who begged them to forgo holiday travel to help contain the coronavirus pandemic, data from roadways and airports shows.

The nation’s unwillingness to tamp down on travel offered a warning in advance of Christmas and New Year’s as virus deaths and hospitalizations hit new highs a week after Thanksgiving. U.S. deaths from the outbreak eclipsed 3,100 on Thursday, obliterating the single-day record set last spring.


Reuters | Equities.com |

Delta Air Lines and Southwest Airlines on Thursday cautioned that the recent surge in COVID-19 cases may have a negative impact on travel over the winter holidays, a period the sector had hoped would see improved bookings.

The United States on Wednesday reported new COVID-19 infections reached an all-time daily high for a second day in a row and the number of people hospitalized also surged to the highest ever during the pandemic.

“With the U.S. hitting a grim milestone of 10 million positive cases and outbreaks in Europe and other parts of the world, all signs point to a challenging winter ahead,” Delta Chief Executive Ed Bastian said in a memo.


Reuters | Equities.com |

(Reuters) - Mastercard Inc’s quarterly profit missed analyst estimates on Wednesday as the COVID-19 pandemic led to a slowdown in global travel and related spending, sending the payment processor’s shares more than 4% lower.

The pandemic has forced companies to lay off workers by the millions, hurting their spending power, and the hit to air travel has also taken a toll on cross-border card transaction volumes.

Mastercard reported a 36% drop in cross-border volume on a local currency basis in the reported quarter. Gross dollar volume, the dollar value of transactions processed, rose 1% to $1.6 trillion.


Reuters | Equities.com |

Boeing cut its rolling 20-year forecast for airplane demand on Tuesday as economic turmoil from the COVID-19 pandemic lays waste to deliveries in the next few years.

Boeing, which dominates jet sales together with Europe's Airbus, forecast 43,110 commercial aircraft deliveries over the next 20 years, down 2% from 44,040 projected a year ago and worth an unchanged $6.8 trillion at list prices.

While fleets are still expected to almost double, it is the first time Boeing has cut the 20-year demand forecast in terms of the number of deliveries since the 2009 financial crisis.


Reuters | Equities.com |

Not so long ago, advertising executives were banking on the start of an industry recovery as early as the third quarter after the global coronavirus pandemic decimated marketing budgets this year.

But the rebound will be slower than expected as the restart of the U.S. economy has stumbled across many states and COVID-19 infections have spiked in key regions including California, Florida and Texas. Ad market forecasters said they are likely to lo...