Tag Archives: optimistic

Heathrow optimistic for year ahead despite huge losses | News

Travel sector calls for further support as new lockdown begins | News

Heathrow Airport has reported a loss of £2 billion for financial 2020 as Covid-19 restrictions saw travel come to a virtual standstill. In comparison, the London location made a profit of £546 million in 2019. Revenue fell from £3 billion to just £1.2 billion last year. Passenger numbers fell 73 per cent to just 22 […]

TUI Group optimistic for summer 2021 despite continued losses | News

TUI Group secures a further €1.8 billion in emergency funding | News

TUI Group has reported first quarter revenue for 2021 of just €468.1 million, down from €3.85 billion a year ago. Due to travel restrictions around the world, the hospitality giant also saw losses of €699 million on an adjusted basis for the first three months of the year, compared to a loss of €147 million […]

InterContinental sees revenue slump but remains optimistic | News

InterContinental sees revenue slump but remains optimistic | News

InterContinental Hotels Group saw revenue slump by 52 per cent in the first six months of financial 2020, with the hospitality giant bringing in just $488 million. However, the company managed to report an operating profit of $74 million for the period, though this was down from the $410 million recorded last year. The company […]

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