In an announcement to shareholders immediately, Australia’s nationwide flag provider Qantas reported a US$2.8 billion income loss for the second half of the 2020 monetary 12 months. Airline blamed the income hit on the crippling results of the COVID-19 pandemic. Qantas posted an US$89 million pre-tax revenue for the 12 months ending June 30, 2020, […]
Tag Archives: billion
03
Nov
Nov
Journey specialists have seemed into the largest income losses and highest share of GDP misplaced per nation to disclose which international locations have seen the best monetary influence on account of the lack of tourism brought on by COVID-19. Journey and tourism has been one of many most important industries to be gravely affected by […]
03
Nov
Nov
A staggering GBP 22 billion (USD 28.91 billion) seems set to be misplaced from the UK economic system because of the collapse of worldwide journey throughout 2020, based on the World Journey & Tourism Council (WTTC). Travellers and vacationers are staying away from the UK in droves due to persevering with uncertainty round journey restrictions […]
03
Nov
Nov
Thousands of nightlife venues around the world were forced to shut down due to the ongoing COVID-19 outbreak to respect the safety and well-being of staff and clients and also to avoid the spread of the virus. Despite many nightlife venues being shut down, countries like Croatia, Hungary, Czech Republic, Austria, and Switzerland have opened […]
03
Nov
Nov
In the current year, the airlines in the Lufthansa Group have so far reimbursed around 2.7 billion euros to a total of 6.3 million customers (as of 09.09.2020). In arithmetical terms, around 1800 refunds per hour were paid out last week. The justified claims received by Lufthansa in Germany by the end of June have […]
03
Nov
Nov
eCommerce giant Alibaba will reportedly invest USD3 billion in Southeast Asian ride-hailing giant Grab. Bloomberg cited people familiar with the matter that the Chinese company will be the sole investor in this funding round and the portion of the funds will be used to acquire the stakes held by Uber Technologies Inc. making it one […]
02
Nov
Nov
Devastated by the pandemic, Spain’s all-important tourism sector is expected to incur losses of more than EUR 100 billion (USD 120 billion) this year, an industry body warned. If the dire prediction proves correct, it would take the sector’s annual income back to the level it was in 1995, the Exceltur tourism association said. “We […]