Coronavirus

Wyndham Sees 40% Plunge in Q3 Revenue and Net Income

Wyndham Sees 40% Plunge in Q3 Revenue and Net Income

Wyndham Worldwide, the world’s largest hotel chain, announced financial results for third quarter of 2020.
The company reported revenue of $337 million, down almost 40% from $560 million in the same period in 2019, citing the “continued uncertainty” amidst the coronavirus pandemic.
Net income was $27 million in the quarter, compared to $45 million, a 40% decline.
“Our teams continued sharp execution against our strategic and operating plans, allowed us to produce solid …

United Airlines Plans Free Covid-19 Testing Program Trial for Passengers on London Flights

United Airlines Plans Free Covid-19 Testing Program Trial for Passengers on London Flights

United Airlines announced plans to offer free coronavirus tests to passengers on flights between the airline’s New York area hub and London as part of a pilot program.
The tests will be offered at no charge to every passenger over the age of two as well as to flight attendants and pilots on select flights between Newark Liberty International Airport and London Heathrow.  Any passengers who don’t wish to be tested …

Germany and France Announce Partial Lockdowns Amidst Second Coronavirus Wave

Germany and France Announce Partial Lockdowns Amidst Second Coronavirus Wave

France and Germany enacted sweeping restrictions in an attempt to curtail the spread of the coronavirus and the rise in hospitalizations.
Germany will close bars and restaurants including Gaststätten, Kneipen, and Cafés starting Monday through the end of November while curtailing hotel stays for leisure travelers.  Restaurants will be allowed to offer takeaway and delivery during the closure.
Professional sports teams will play in empty stadiums, while theaters, opera houses, casinos, museums, …

Coronavirus News Update for Oct. 26 – CDC Finds Most Americans Don Face Coverings While Russia Orders National Mask Mandate

Coronavirus News Update for Oct. 26 – CDC Finds Most Americans Don Face Coverings While Russia Orders National Mask Mandate

A new survey from the Centers for Disease Control found that most Americans have been wearing face masks since spring.  The findings are based on three monthly surveys covering approximately 2,000 people each time.  The research also found that hand-washing was as popular as wearing masks but that the habit dropped slightly from April to June as scientists began to realize that the virus was more likely to be transferred …

Boeing Posts $754 Million Third Quarter Loss

Boeing Posts $754 Million Third Quarter Loss

Boeing announced financial results for third quarter of 2020.
The company announced a non-GAAP loss of $754 million versus $895 million profit in Q3 2019 on revenue of $14.1 billion, a 29% decline from $19.98 billion in the same period in 2019.
“The global pandemic continued to add pressure to our business this quarter, and we’re aligning to this new reality by closely managing our liquidity and transforming our enterprise to be …

Eight Smaller N.Y.C. Theaters Sue Over Executive Orders Keeping Them Dark

Eight Smaller N.Y.C. Theaters Sue Over Executive Orders Keeping Them Dark

Eight theaters and comedy clubs in New York City have jointly filed a lawsuit that challenges the state’s and city’s executive orders that is keeping theaters closed amidst the coronavirus pandemic.
The lawsuit was filed on Friday in Federal district Court in Manhattan.
In the filing, the theaters argue that the various government orders “shock the conscience and interfere with plaintiffs’ deeply-rooted liberty and property rights, including the right to work, right …

Hilton to Extend Elite Status into 2022

Hilton to Extend Elite Status into 2022

Hilton International announced it would extend the current elite status of members of its Hilton Honors guest loyalty program into early 2022 and extend the expiration of points in member accounts to the end of 2021.
The move comes amidst the coronavirus pandemic-induced downturn in travel.
Members with Silver, Gold, and Diamond elite status who were slated to lose their status or see a downgrade in 2020 or 2021 will maintain their …