Delta Air Lines saw its stock price skyrocket last month after the airline posted Q4 earnings exceeding Wall Street expectations. At one point after the news, Delta’s stock price was up 4.5 percent, its highest levels since July, according to MarketInsider.
“2019 was a truly outstanding year on all fronts — the best in Delta’s history operationally, financially and for our customers,” said Ed Bastian, CEO, Delta Air Lines. “As we enter 2020, demand for travel is healthy and our brand preference is growing, positioning Delta to deliver another year of strong results, including earnings per share of $6.75 to $7.75.”
Delta’s revenue was up to $11.44 billion from last year’s $11.34 billion, and adjusted earnings per share were way up: $1.70 from the $1.40 consensus estimate and $1.52 highest estimate.
Delta’s profits were so high, Bastian said it will pay out a record $1.6 billion in profit sharing to its employees this year, marking the sixth-consecutive year the airline will pay out more than $1 billion in profit sharing to employees.
“For years, I would get beaten up by Wall Street. They thought the profits were theirs, and ‘Why are you giving the profits away to the employees?” said Bastian, according to the Atlanta Journal-Constitution. “Wall Street has actually come full circle, and they realize that Delta is the most awarded airline in the world because of its employees.”
Marketing research company MMGY Travel Intelligence and nonprofit organization Destinations International Foundation recently released findings of a survey regarding the impact of the COVID-19 pandemic on North American destination organizations. The survey was conducted in two parts: March 4–8 and March 16–22. Employees of city, region and state destination organizations in North America completed the survey.
Since 1970, Goway Travel has been committed to providing customized travel experiences for world travelers. Few things are better evidence of this commitment than being awarded the 2019 Trazees award for Favorite Tour Operator. Goway Travel heartily thanks the readers of Trazee Travel for this honor and for their confidence in Goway’s work in creating travel memories that’ll last a lifetime.
While we all love a good night in, entertainment and activities run low after a few weeks. No worries, subscription services can still deliver the fun, no matter rain, sleet, snow or social distancing. Join the “tribe” of like-minded homebodies with a Night In Box subscription.
Earlier this week, TripScout, a travel entertainment platform for the traveler that dreams every day about their next trip, announced it surveyed 3,000 app users to understand the perceptions and expectations of travelers during the COVID-19 pandemic. The survey will then assist the industry in making informed strategic decisions as the virus continues to impact the world.
According to the U.S. Small Business Administration’s Office of Advocacy, small businesses create two-thirds of net new jobs and account for nearly 48 percent of the U.S. private sector workforce. And small- and medium-sized businesses outpace all other sectors as one of the fastest-growing in the United States. InterContinental® Hotels Group (IHG) goes above and beyond to create opportunities for this segment with its IHG® Business Edge program, voted Best Small- to Mid-Sized Business Program in Global Traveler’s 2019 GT Tested Reader Survey awards.
James Beard Foundation Offers Suggestions on How to Help the Restaurant Industry During the COVID-19 Crisis
As all of us know, the travel industry has been hit hard by the COVID-19 pandemic. But, we’re not the only industry feeling the devastating effects of the virus — the restaurant industry is also suffering, with upwards of 7 million people laid off and chefs and restaurant owners pivoting dine-in restaurants to handle take-out and delivery or completely closing doors to wait out the spread.
In times of crisis, innovative companies step up, adapt and find ways to assist and contribute to those in need.
oneworld is an alliance of 13 world-leading airlines committed to providing the highest level of service and connecting you to more than 1,100 destinations around the world.
The hotel industry responds to the COVID-19 pandemic with updates on cancellations and rebooking policies. Here’s an update.