Karen's Feed
Apr 16, 2012

U.S. airlines seen posting Q1 loss, 2012 profit

By Karen Jacobs

(Reuters) – Rising fuel prices pushed major U.S. airlines into the red for the first quarter and could pressure results during the peak travel season, but most carriers are likely to be profitable this year, analysts said.

While grappling with high fuel costs, carriers have merged, trimmed money-losing routes, raised ticket prices, and added charges for luggage and food to revive profits after the 2008-09 downturn. A rebound in corporate travel has bolstered the recovery.

Mar 21, 2012

Southwest Airlines looks for new ways to stand out

March 21 (Reuters) – Southwest Airlines Co is
banking on new planes to help it fight surging fuel costs and
bolster revenue as it looks to compete better against rivals
that have cut their costs.

The traditional discount airline on Wednesday held a “launch
party” at its Dallas headquarters, complete with confetti and
balloons, to mark the arrival of the first of 33 737-800 planes
it will take this year. Southwest primarily flies the Boeing
737; the newest model Southwest took can carry 175
passengers, 38 more than the version the carrier currently
flies.

Mar 20, 2012

European debt crisis hits aircraft financing

, March 20 (Reuters) – Airlines that rely
on European banks to finance aircraft purchases will have to
find alternative backing for their deals as the debt crisis
intensifies this year, U.S. airline executives said on Tuesday.

“While it may take a little time, there will be some
institution somewhere in the world that will step in because
aircraft as collateral are among the most attractive type of
collateral you can lend against,” said Gerry Laderman, senior
vice president and treasurer of United Continental Holdings Inc
, the parent of United Airlines.

Mar 19, 2012

Boeing says committed to MAX for long term

SCOTTSDALE, Arizona, March 19 (Reuters) – Boeing Co’s
upcoming 737 MAX is not a bridge to an all-new small airplane,
and the U.S. planemaker intends to make the updated version of
its best-selling 737 narrowbody for as long as customers buy it,
a top Boeing executive said on Monday.

Speaking at a conference hosted by the International Society
of Transport Aircraft Trading (ISTAT), Mike Bair, senior vice
president of marketing for Boeing Commercial Airplanes, shrugged
off speculation that the upcoming MAX is simply a place-holder
for an all-new plane.

Mar 14, 2012

Hotel suppliers add jobs as renovations rise

By Karen Jacobs

(Reuters) – Kevin Sanders spent much of the past year bolstering his sales force, banking on a recovery in the hotel business.

Sanders, vice president of the hospitality group at Shaw Industries, the world’s biggest carpet maker, hired 15 new sales representatives in 2011, added 17 regional vice presidents and formed a strategic account team that created four new jobs.

Mar 13, 2012

Analysis: Hotel suppliers add jobs as renovations rise

By Karen Jacobs

(Reuters) – Kevin Sanders spent much of the past year bolstering his sales force, banking on a recovery in the hotel business.

Sanders, vice president of the hospitality group at Shaw Industries, the world’s biggest carpet maker, hired 15 new sales representatives in 2011, added 17 regional vice presidents and formed a strategic account team that created four new jobs.

Mar 2, 2012

Mexico City hotels poised to make rate gains

March 2 (Reuters) – Mexico City’s hotel market is
poised to see rising room rates as fewer hotels are built and
business traffic increases, according to investment services
firm Jones Lang LaSalle Hotels.

A recovering economy has boosted occupancy among the city’s
upper-tier hotels, and the firm says revenue per available room,
a key industry metric, rose at least 10 percent in Mexico’s
capital city in 2011.

Mar 1, 2012

Fed’s Lockhart: economy far from optimal

ATLANTA (Reuters) – The U.S. economy is gaining strength as evidenced by lower unemployment and other positive recent economic data, but it remains far from its ‘optimal condition,’ Atlanta Federal Reserve President Dennis Lockhart said on Thursday.

Lockhart, a voting member of the U.S. central bank’s Federal Open Market Committee this year, also said he still favors low-rate monetary policy even though at present low rates aren’t stimulating much credit growth.

Feb 2, 2012

Starwood Hotels posts lower profit

Feb 2 (Reuters) – Starwood Hotels & Resorts Worldwide
(HOT.N: Quote, Profile, Research) posted a higher-than-expected profit as strength in
North America helped offset softer growth in Europe.

The company, which franchises hotels under brands such as
Sheraton, W and Westin, cut the high end of its forecast for
2012 growth in revenue per available room, a key industry
metric.

Feb 2, 2012

Starwood CEO cites ‘optimistic’ customer base

By Karen Jacobs

(Reuters) – Continued strength in business travel bodes well for the hotel industry despite economic uncertainty, the chief executive of Starwood Hotels and Resorts Worldwide said.

Frits van Paasschen said concerns about the euro zone crisis or slowing growth in China were not holding back business, as American and European companies were still traveling abroad to scout out growth opportunities.