EasyJet profits plunge 70% as fuel costs soar amid Iran war
EasyJet reported a 70% profit decline to £85m in the second quarter due to surging fuel costs linked to Middle East conflict and delayed passenger bookings.
Burnham urged to lobby EU leaders directly to waive EES border controls
Andy Burnham has been urged to directly lobby EU leaders to suspend the new entry-exit system as 2.2 million British holidaymakers begin their summer holidays amid border control delays.
US hotel operators say promised boon from hosting World Cup hasn’t materialized yet
U.S. hotel operators report that bookings for the World Cup have fallen short of expectations across most host cities, with demand ranging from flat to significantly below seasonal norms.
Mount Olympus Is Finally a UNESCO World Heritage Site. Managing a Tourism Surge Is Its Next Hurdle
Mount Olympus in Greece has been designated a UNESCO World Heritage Site after a 12-year campaign, with tour operators viewing it as beneficial for both conservation and sustainable tourism development.
Europe’s Airline Supergroups Brace for a Crucial Earnings Week
Europe’s three largest airline groups prepare to report second-quarter earnings this week amid ongoing impacts from the Iran war and elevated fuel costs affecting profitability.
Frontier’s Q2 Shows an Ultra-Low-Cost Carrier Can Raise Fares Too
Frontier Airlines reported record second-quarter revenue of $1.3 billion, up 38% year-over-year, driven by higher airfares and improved pricing power in the market.