[ad_1] Accor lost nearly €2 billion during 2020, yet managed to reduce its monthly cash burn through cost-saving measures from a monthly average of €79 million during the first half of the year to an average €42 million for the second half, according to the company’s fourth-quarter and full-year 2020 earnings report. “In 2020, the…

[ad_1] Southwest Airlines hopes to reach a breakeven point by the end of the year, but that will require a “substantial rebound” in revenue including a recovery in business travel, executives said in an earnings call on Thursday. In the fourth quarter, Southwest’s revenue was down 68.7 percent year over year to $1.7 billion, and…

[ad_1] Companies should avoid requiring or even asking employees to adopt digital travel health passports until they have conducted extensive data-privacy impact assessments, according to the global head of privacy for travel management company CWT.  Health data is treated under the European Union’s General Data Protection Regulation as “sensitive data,” which may be processed only…

[ad_1] Virtual events unquestionably replaced in-person ones for most of 2020, and about 80 percent of them were offered to attendees for free, according to new research from event technology platform Bizzabo. For its 2021 Virtual Events Benchmark Report, Bizzabo analyzed 1,850 events from the company’s platform that took place between July 1 and Oct. 30.…

[ad_1] Travel booking and expense system SAP Concur’s fourth-quarter revenue declined about 20 percent year over year to €341 million, though that drop is 15 percent in constant currency, SAP announced Friday. Executives cited reduced travel transaction fees due to the Covid-19 pandemic for the drop. “Concur was especially affected by the crisis, obviously,” SAP…

[ad_1] As payment card-issuing banks eye a larger role in the virtual corporate card space, City National Bank has launched a new service that enables client companies to deliver City National-issued virtual Visa cards to mobile wallets. The bank is partnering on the initiative with virtual payments specialist Extend, which in December inked a deal with Mastercard to distribute…

[ad_1] Air Canada and WestJet each have temporarily suspended flights to Mexico and the Caribbean as a part of new, stricter travel restrictions announced by Prime Minister Justin Trudeau on Friday. Air Canada’s suspensions begin Jan. 31 and will last for 90 days, and the carrier will operate a limited number of one-way flights to…

[ad_1] American Airlines has promoted Kyle Mabry to VP of global sales as a part of a recent sales team restructuring that has shifted responsibilities for some of the carrier’s sales team leaders. Mabry, who had been global head of leisure, groups and middle market sales, now oversees the full scope of American’s sales teams,…

[ad_1] Several U.S. airline executives this week said they were prepared to push back if regulators seek to make Covid-19 testing a requirement for domestic flights, though they also said they have seen no indication that is coming. A U.S. Centers for Disease Control and Prevention requirement went into effect this week requiring all inbound passengers to…

[ad_1] Before we dive into tips on flying during COVID, I do want to preface by stressing how important it is to carefully consider the entire picture before you make a decision to travel. Only walk out your door after fully assessing your health situation and risk tolerance. Things are most certainly different now and…