Tag

Corporate Travel

All articles tagged with #corporate travel

businessaviation1 year ago

"American Airlines Faces Turbulence: Stock Plummets Amid Strategy Shake-Up"

American Airlines has reversed its decision to change how passengers earn miles and Loyalty Points, which would have excluded bookings made through third-party platforms. The move, aimed at reducing confusion and retaining customers, follows the departure of Chief Commercial Officer Vasu Raja and a lowered financial outlook for the second quarter. CEO Robert Isom emphasized the importance of working with agencies and partners to avoid customer disruption and reaffirmed the airline's commitment to its Sun Belt strategy.

business1 year ago

"Delta Soars with Strong Earnings Amid Surging Travel Demand"

Delta Air Lines exceeded Q1 earnings expectations, with CEO Ed Bastian noting strong travel demand and a resurgence in corporate travel. The company's stock rose in premarket trading, and it expects a healthy spring and summer travel season. Delta also provided updates on its premium offerings and announced a delay in Boeing aircraft deliveries, expressing confidence in the company despite recent issues.

businesstech2 years ago

"SoftBank's $104 Million Investment in TravelPerk Signals AI's Impact on Corporate Travel"

Barcelona-based startup TravelPerk raises $104 million in funding led by SoftBank Vision Fund 2 to invest in AI development and new products, aiming to automate corporate travel and expenses using technologies like machine learning and neural networks. The fundraising round lifts TravelPerk's valuation to $1.4 billion, with plans to reach profitability by the end of 2024 and potential IPO readiness in the future. CEO Avi Meir emphasizes the practical adoption of AI for improving cumbersome problems in the travel business, highlighting the company's 60% profit margin and plans for continued hyper growth.