For the full year ending 2009 Starwood managed to record a net profit of US$73 million, a drop of 78% when compared to its US$329 million profit achieved a year earlier.
Virgin Blue updated its earnings guidance today, the Group now expecting to report $80-110 million net profit before tax for the year ending 30 June 2010.
Royal Caribbean has reported better than expected fourth quarter earnings, which in turn has led to a positive outlook for the year ahead.
Webjet has proven that there is a recovery in the travel market, at least in the online travel sector, posting a 40% jump in first half financial year profit amounting to $5.2 million.
Tiger Airways has launched its initial public offering (IPO) at $S1.50 ($1.17) per share.
FLIGHT Centre Limited (FLT) has revised its profit expectations for the 2009/10 fiscal year, reporting that it now expects a $160m-$180m trading result.
Parity and beyond within a few months bad news for inbound and domestic, great news for outbound
Tiger Airways confirmed that it will be looking for SGD200 million to SGD250 million in its initial public offering, but major shareholders Singapore Airlines and Temasek won't look to dilute its own...
Qantas is predicting a six month profit from July to December end of between AU$50 million and AU$150 million as it sees an improvement in operating conditions.
The chairman of Marriott International sold 80,000 shares of his last week, prompting speculation that the company may be further from recovery then first thought.
ANZ and Air New Zealand have partnered to bring customers a new option in earning Airpoints - the new ANZ Airpoints Visa.
Carnival Corporation has just announced its profits for the last quarter of the year, amounting to some US$193 million, while down from last year's US$371 million, results in the cruise giant earning...
Tiger Airways is expected to lower its initial public offering from SGD420 million to somewhere in between SGD200 million and SGD250 million after investors failed to show keen interest.
Consumers in the Asia Pacific appear to be more confident in their economies, with a massive jump recorded in the recent MasterCard Consumer Confidence index.
Garuda Orient Holidays (GOH) has made it easier and faster for Australian and New Zealand travel agents to pay for tour bookings by integrating Moneydirect into its Calypso-Net page.
Thai Airways is expected to return to profitability next year as demand for travel begins to pick up in recent months, the newly appointed President stated recently.
Franchise travel group, Travelsmart has named Moneydirect as its preferred multichannel payment processing solution.
As the Dubai government announces its firm stance against guaranteeing the liabilities from Dubai World, eyes are turning towards nearby emirate Abu Dhabi to see if help will come soon.
Fuel, says Finnair President and CEO Jukka Hienonen, is the reason why the airline’s earnings before interest and tax for 2006 is in the red.