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Search results for “capacity cuts”
Air Canada raises additional C$1.2B in cash
06/23/2020
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6:46:06 PM
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Air Canada says it now expects to end the second quarter of 2020 with about $9 billion in liquidity.
OTA boss advises mobile tech to fight virus; Marriott sees recovery in China | Weely Review
03/21/2020
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5:38:25 PM
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Asia's largest online travel group expects its net revenue to drop by nearly half in Q1; China's air regulator moved to divert incoming international flights from Beijing to elsewhere.
Chinese regulator to make Cathay Pacific's brand merger 'difficult'
05/28/2020
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11:45:17 AM
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The Civil Aviation Administration of China would view such a move as an expansion and could block Cathay from keeping access to 20 mainland routes flown only by Dragon.
Shanghai Disney testing parade for reopening; Klook furloughs hundreds | Weekly Review
04/25/2020
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6:12:10 PM
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Parent of Chinese OTA Tongcheng-Elong denied speculation about mass layoffs; A study finds COVID-19 will dent China's total tourism income by a third this year.
Beijing quarantines inbound travelers; airlines face bankruptcy | Daily Brief
03/18/2020
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12:45:03 AM
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Chinese airlines including Air China and China Southern are to reduce international flights in response to the coronavirus pandemic; CAPA said most global airlines will be bankrupt by the end of May.
Chinese airlines see significant Q1 losses, mull buying embattled Virgin Australia | Daily Brief
04/20/2020
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11:13:25 PM
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Three state-owned Chinese airline giants expect significant losses in the quarter; Beijing reopens 30% of its major tourist sites.
E-commerce site JD buys into tour operator Caissa; Thousands of hotels closed | Daily Brief
04/28/2020
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10:41:52 PM
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China saw a declined growth rate of 5.9% in business travel last year; 74.29% of the Chinese hotels and inns have ceased operation due to COVID-19.
Ctrip launches IHG flagship store, 70% of OYO China hotels reopened | Daily Brief
05/15/2020
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7:36:48 AM
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Chinese carriers are likely to see a full recovery by 2021; Beijing is mulling to cut red tape and fast-track cross-border checks with Taiwan, Hong Kong, Macao and South Korea.
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