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Visa profit beats as payment volumes surge on travel demand

Oct 25 (Reuters) – Visa Inc (V.N) reported better-than-expected quarterly earnings on Friday as more Americans took advantage of a stronger dollar to fly to international destinations and splurge on shopping and entertainment. Upbeat earnings from Visa and rival American Express (AXP.N) further underscore the strength in U.S. consumer spending, which has largely managed to …

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Premier Inn owner Whitbread turns to profit as leisure travel picks up pace

Oct 25 (Reuters) – Premier Inn owner Whitbread Plc (WTB.L) swung to a first-half profit on Tuesday, buoyed by a pickup in demand for leisure travel on robust summer bookings as pandemic-related curbs eased. Hotel operators are benefiting as people spend more on travel and book longer hotel stays, lifting occupancy rates and prices, although …

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U.S. carriers add transatlantic flights for travel-hungry consumers

CHICAGO, Oct 21 (Reuters) – U.S. carriers including Delta Air Lines (DAL.N) and United Airlines (UAL.O) are betting big on American consumers’ unquenched thirst for travel across the Atlantic by adding more flights to Europe. U.S. airlines are responding to consumers emboldened by a more powerful U.S. dollar and more flexible work arrangements that allow …

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Visa, Mastercard profits expected to jump as travel rebounds

Oct 20 (Reuters) – U.S. card companies are expected to benefit as pandemic-weary consumers continue to fuel demand for travel, one of the biggest contributors to revenue, despite rising inflation. With more companies resuming business travel and people planning vacations, Visa Inc (<V.N>), Mastercard (<MA.N>) and American Express (<AXP.N>) are likely to see a jump …

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Lufthansa raises 2022 profit outlook on strong demand for air travel

BERLIN, Oct 17 (Reuters) – Lufthansa (LHAG.DE) raised its forecast for full-year adjusted operating profit to over 1 billion euros ($980.40 million) on Monday, boosted by strong demand for air travel that continued its post-COVID recovery. The company previously expected adjusted operating profit (EBIT) of more than 500 million euros. Preliminary results for the third-quarter …

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WRAPUP European airlines see travel withstanding consumer squeeze for now

BA-owner IAG says Q3 profit to beat expectations IAG says forward bookings show no signs of weakness EasyJet says Oct holiday, Christmas exceeding pandemic levels Ryanair sees average fares rising by more than expected Australia’s Qantas also sees higher profits LONDON, Oct 13 (Reuters) – British Airways-owner IAG (ICAG.L), Europe’s biggest airline Ryanair (RYA.I) and …

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Boeing sees LatAm air travel taking off as regulations ease, incomes rise

MEXICO CITY, Oct 11 (Reuters) – U.S. planemaker Boeing Co (BA.N) sees travel in Latin America ramping up more quickly than in other regions as countries loosen regulations and household incomes rise, the company’s regional analyst said on Tuesday. Boeing expects Latin American air traffic to grow an average of 4.4% annually over the next …

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