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SoftBank-backed TravelPerk doubles valuation, plans fintech push

TravelPerk CEO and co-founder Avi Meir. TravelPerk TravelPerk, a corporate travel platform, raised $200 million from investors including Atomico and EQT in a funding round valuing the firm at $2.7 billion, the company told CNBC. The fresh financing doubles TravelPerk's market value from January 2024, when it raised $104 million on a $1.4 billion valuation.…

January 28, 202560Views

Travel News

JetBlue offers some pilots early retirement packages, union says

A passenger arrives at Ronald Reagan Washington National Airport on November 21, 2023 in Arlington, Virginia. Alex Wong | Getty Images JetBlue Airways is offering early retirement packages to some of its pilots, their labor union told members on Friday. The carrier has been working to cut costs and raise up revenue…

January 25, 202575Views

Travel News

Boeing expects $4 billion loss for fourth quarter after chaotic 2024

An aerial view of the engines and fuselage of an unpainted Boeing 737 MAX airplane parked in storage at King County International Airport-Boeing Field in Seattle, Washington. Lindsey Wasson | Reuters Boeing said Thursday that it likely lost about $4 billion in the fourth quarter, adding to troubles at the manufacturer, which…

January 23, 202585Views

Travel News

Airlines flex pricing power, signaling higher fares in 2025

Travelers walk through O'Hare International Airport in Chicago, Illinois, on December 20, 2024 ahead of the upcoming Christmas holiday. Kamil Krzaczynski | AFP | Getty Images Higher airfare is in store this year as strong demand, even during the dead of winter, and limited capacity growth prompt airlines to flex their pricing power. Fare-tracking platform…

January 23, 202598Views

Travel News

American Airlines (AAL) 4Q 2024 earnings

An American Airlines Boeing 787-8 Dreamliner departs from Los Angeles International Airport en route to Tokyo on September 19, 2024 in Los Angeles, California. Kevin Carter | Getty Images American Airlines ' first-quarter earnings outlook on Thursday fell short of analysts' estimates, sending shares down more than 5%. The carrier forecast an adjusted…

January 23, 202586Views

Travel News

His hospitality empire is worth over $200 million

Ho Kwon Ping is the co-founder and executive chairman of Banyan Group. Bloomberg | Bloomberg | Getty Images Growing up, Ho Kwon Ping didn't think he'd become a businessman, let alone a hotel tycoon. "I had not always wanted to be an entrepreneur," he told CNBC Make It. "It's just that the few times where…

January 23, 202579Views

Travel News

Company pairs travelers with the visually impaired

Glyn Evans has been on 30 trips with the same travel company, but he can still pinpoint the moment that stands out as his favorite. During a trip to Las Vegas, he served as best man for a couple on the same tour who got married on a whim. Yet unlike most weddings, the bride…

January 22, 202568Views

Travel News

United Airlines (UAL) 4Q 2024 earnings

A United Airlines airplane proceeds to a runway at Newark Liberty International Airport in front of the skyline of lower Manhattan and One World Trade Center in New York City on December 4, 2024, in Newark, New Jersey. Gary Hershorn | Corbis News | Getty Images United Airlines forecast first-quarter earnings that…

January 21, 202583Views

Travel News

Goldman Sachs sees ‘significant’ investment openings as population ages

The world is getting older — and with that demographic change comes "significant" investment opportunities, according to Goldman Sachs. Fertility rates are declining and people are living longer, resulting in an older demographic taking a larger share of the total population. The global population is expected to rise by about 20% through 2050, said analyst…

January 20, 202561Views

Travel News

12 Ways to Protect Yourself from Identity Theft When You Travel, According to Experts

When we travel, we are more exposed to stolen data than at many other times in our lives. We asked international anti-fraud professors for their best tips for making it harder for crooks to steal your private information. Cases of identity fraud are at an all-time high,…

January 20, 2025105Views