RES

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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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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