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Search results for “cost cut”
Amadeus Q1 revenues down, will adapt to remain challenging months
05/13/2020
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10:07:47 AM
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Amadeus’ first-quarter revenue came in at 1.02 billion euros, in line with its own estimate of a 25% to 30% drop published in April.
Klook lets go of hundreds as travel lockdown hits business
04/21/2020
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2:58:51 PM
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The news will likely accelerate speculation of a merger with GetYourGuide, a leading OTA in Europe that also has Softbank as an investor.
OTA denies mass layoffs; Klook lets go of hundreds | Daily Brief
04/21/2020
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11:04:52 PM
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Tongcheng Group will merge Hongtu Airlines, Tongcheng International Travel Service and Tongcheng Travel into a new company called Tongcheng Aviation & Travel; China's airline market could see further consolidation.
Flight Plan 2020: How travel will be different a few months from now
04/21/2020
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6:11:23 PM
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The travel industry no longer represents an opportunity for quick profits.
OTA expects up to 75% revenue drop; Authority buys tickets to help airlines | Daily Brief
04/10/2020
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12:27:48 AM
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Hong Kong will buy 500,000 flight tickets from the city’s airlines as part of a stimulus; China's domestic travelers decreased 61.4% during a three-day holiday.
Hotel guests must show test results; Brands press ahead with Asia expansions | Daily Brief
04/14/2020
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11:50:30 PM
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New York-listed Chinese hotel firm expects revenue to decline by 30%-35% in Q1; Tourist attractions are only allowed to run up to 30% of full capacity.
May holiday flight sales plummets; Tuniu completes most travel refunds | Daily Brief
04/25/2020
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11:54:59 AM
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Hong Kong's daily visitor arrivals declined to less than 100 persons in early April; Shanghai Disney is testing parade and more for reopening.
Flight Centre faces A$400M liquidity shortfall: Morgan Stanley
04/02/2020
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1:52:06 PM
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Flight Centre's cost-cutting plans would see 6000 staff stood down or sacked and 500 local and international stores close their doors in the next few months.
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