travel

JetBlue Reports $6.1M Average Daily Cash Burn For Q3
JetBlue Reports $6.1M Average Daily Cash Burn For Q3
October 27, 2020  |  Earnings

JetBlue reported on Tuesday (Oct. 27) an average daily cash burn of $6.1 million in Q3, which was better than a range of $7 to...

READ MORE >
Airline Execs Strike Cautious Tone For Business Travel Rebound
Airline Execs Strike Cautious Tone For Business Travel Rebound
October 22, 2020  |  Travel Payments

In an industry that has arguably been battered worse than any other as a result of the global pandemic, the inclination of airline executives to...

READ MORE >
American Airlines Moves To Reduce Cash Burn, Increase Efficiency Amid Pandemic
American Airlines Moves To Reduce Cash Burn, Increase Efficiency Amid Pandemic
October 22, 2020  |  Earnings

American Airlines reported on Thursday (Oct. 22) that it had decreased its cash burn rate to roughly $44 million daily in Q3 from roughly $58...

READ MORE >
Rep. Patrick McHenry: SMBs Need More PPP Stimulus; Big Tech Bashing ‘Irksome’
Rep. Patrick McHenry: SMBs Need More PPP Stimulus; Big Tech Bashing ‘Irksome’
October 21, 2020  |  B2B Payments

The pandemic’s economic impacts have taken a toll on all businesses but in many ways, small- to medium-sized businesses (SMBs) have faced more harm than...

READ MORE >
China’s Hotel Industry First To Show Growth Amid Pandemic
China’s Hotel Industry First To Show Growth Amid Pandemic
October 20, 2020  |  Economy

The hotel industry in China is back in business, experiencing year-over-year revenue growth despite the negative economic impact of the worldwide pandemic that locked down...

READ MORE >
Connected Devices, Instant Payments, Digital Shift Top This Week’s News
Connected Devices, Instant Payments, Digital Shift Top This Week’s News
October 16, 2020  |  The Weekender

It was a busy week for commerce and payments, as consumers are harnessing connected devices for digital-first shopping and firms are looking to harness tools...

READ MORE >
United Airlines Achieves $21M Target Average Daily Cash Burn Amid Pandemic
United Airlines Achieves $21M Target Average Daily Cash Burn Amid Pandemic
October 15, 2020  |  Earnings

United Airlines reported Thursday (Oct. 15) that it achieved a $21 million target average daily cash burn as well as $4 million of average debt...

READ MORE >
Travel Industry Sees Pent-up Demand Eclipsing Rising COVID Case Counts
Travel Industry Sees Pent-up Demand Eclipsing Rising COVID Case Counts
October 15, 2020  |  Travel Payments

Delta Air Lines and United Airlines both reported poor Q3 earnings this week, but they and many other travel companies think the worst of the...

READ MORE >
Turkish FinTech Payguru To Expand SMS Payments
Turkish FinTech Payguru To Expand SMS Payments
October 14, 2020  |  Mobile Payments

Payguru is a Turkish company currently working to give residents a way to pay for bus travel cards via text message, according to a report...

READ MORE >