PXP

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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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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Hundreds of Venezuelan migrants leave southern Mexico to travel to U.S. border

TAPACHULA, Mexico, Oct 14 (Reuters) – Hundreds of migrants set off from Mexico’s southern border early on Friday on a northward journey to the U.S.-Mexico border where hundreds of others are stranded following a deal to expel Venezuelan migrants crossing into the United States. The group of people departed around 4 a.m. from the city …

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