Airline and Hotel Operating and Financial Reports

Airbnb Posts $3.89 Billion Q4 Loss

Airbnb Posts $3.89 Billion Q4 Loss

Airbnb announced financial results for fourth quarter of 2020, its first report as a public company.
The company, which had its IPO in December of last year, reported a loss of $3.89 billion on revenue, on revenue of $859 million in the quarter.  Revenue was down 22% year over year from $1.11 billion.
Fourth-quarter revenue was also down nearly 36% from $1.34 billion in the third quarter of 2020, and Q4 2020 …

Marriott Records First Loss Since 2009

Marriott Records First Loss Since 2009

Marriott International announced financial results for the fourth quarter of 2020 and the full calendar year.
The world’s largest hotel chain ended 2020 with a loss of $267 million, its first loss since 2009.
The year-end results were reported several days after its CEO, Arne Sorensen, died of pancreatic cancer. Sorensen was only the company’s third CEO and the first not to carry a Marriott surname. He presided over what was the …

Hilton Posts $720 Million Loss for 2020 Amidst Pandemic

Hilton Posts $720 Million Loss for 2020 Amidst Pandemic

Hilton Worldwide announced financial results for fourth quarter and calendar year 2020.
The hotelier posted a net loss of  $225 million for the fourth quarter, down from profit of $176 million in the same period in 2019, and $720 million for the full year, down from $886 million.
Revenue plummeted 62% in the fourth quarter to $890 million and 54% for the year to $4.3 billion.
Revenue plummeted by 62% to $890 million …

In a ‘Year Like No Other,” JetBlue Posts $1.4 Billion Annual Loss

In a ‘Year Like No Other,” JetBlue Posts $1.4 Billion Annual Loss

JetBlue Airways announced fourth quarter results for calendar year 2020.
The airline recorded a $1.4 billion loss for the year, compared to profit of $569 million for 2019.
The New York-based carrier posted a $381 million loss in the quarter, compared to a profit of $161 million in the same period in 2019.
“2020 was a year like no other, as the COVID-19 pandemic challenged our industry in ways we have never seen …

Southwest Airlines Reports First Annual Loss Since 1972, Posts Loss of $3.1 Billion

Southwest Airlines Reports First Annual Loss Since 1972, Posts Loss of $3.1 Billion

Southwest Airlines announced financial results for the fourth quarter and full-year results for the calendar year 2020.
The Dallas-based carrier reported a loss of $3.1 billion for the year.Total operating revenue plunged 64.9% to $2.01 billion.
In addition, the airline posted a $908 million loss for the fourth quarter, compared with a profit of $514 million in the same period in 2019.
Revenue fell 65% to $2.01 billion.
The airline said that current booking …

American Airlines Reports Record Loss of $8.9 Billion for 2020 Amidst Pandemic

American Airlines Reports Record Loss of $8.9 Billion for 2020 Amidst Pandemic

American Airlines announced fourth quarter and full-year results for the calendar year 2020.
The world’s largest airline reported a fourth-quarter loss of $2.2 billion, compared to a profit of $414 million in the same period the previous year.  For the full calendar year, American said it lost $8.9 billion, its biggest on record, amidst the coronavirus pandemic-induced decline in travel, compared to net income of $1.7 billion in 2019.
“Our fourth-quarter financial …

Hawaiian Airlines Posts $511 Million Loss in ‘Challenging Year’

Hawaiian Airlines Posts $511 Million Loss in ‘Challenging Year’

Hawaiian Airlines announced financial results for the fourth quarter of 2020 and the full calendar year.
The Honolulu-based carrier reported a $162.6 million loss for the quarter compared to a $49.7 million profit in the same period in 2019, and a $510.9 million loss for the full calendar year, compared to a $223 million profit year over year.
Calling 2020 “the most challenging year” that the airline industry has seen, the carrier …