Airline and Hotel Operating and Financial Reports
Hilton Posts Q1 Increases in Revenue and Net Income, Citing Rebound in International Travel
Hilton Worldwide announced financial results for the first quarter of 2024.
The company reported net income of $268 million on revenue of $2.57 billion in revenue, a 12.2% increase over $2.29 billion in the same period in 2023. Net income in the first quarter of 2023 was $206 million.
The company’s growth in revenue “was largely driven by strong international performance,” the company’s chief financial officer, Kevin Jacobs, said in the course …
Southwest Airlines Posts Q1 Loss, Warns Boeing Delivery Delays Will Impact Operations Into 2025
Southwest Airlines announced financial results for first quarter of 2024.
The report came on the heels of news Wednesday of a new contract with the carrier’s flight attendants.
The airline posted a wider loss for the first quarter than the same period last year, reporting a loss of $231 million, versus $159 million in the same period in 2023 on what was a record $6.33 billion in revenue, an 11% year-over-year increase.
“While …
United Reports Higher Passenger Figures, Says Boeing 737 Max Grounding Cost It $200M
United Airlines announced financial results for the first quarter of 2024.
The airline reports a net loss of $124 million on revenue of $12.5 billion in the period, despite describing its overall financial and operational performance in the quarter as “strong.” In 2023, United reported a net loss of $194 million on $11.4 billion in revenue for the same period.
The carrier said that the grounding of Boeing’s 737 Max jet had …
Delta Reports Record Revenue and American Express Earnings for Q1 2024
Delta Air Lines announced financial results for first quarter of 2024.
The Atlanta-based airline was the first U.S. carrier to announce second-quarter results and reported a net income of $288 million on $12.6 billion in revenue, a 6% increase over the same period in 2023.
CEO Ed Bastian said that bookings for both leisure and business travel continue to be strong as the peak summer travel season approaches.
“We anticipate continued strong momentum …
Marriott Reports Strong Q4 and Full-Year 2023 Results
Marriott International announced financial results for the fourth quarter and calendar year 2023.
The world’s largest hotel chain reported fourth quarter net income of $848 million on $6.1 billion in revenue, a 26% year-over-year increase over $622 million in 2022 on revenue of $5.9 billion.
Revenue for 2023 was $23.7 billion, a 14% increase over 2022, when revenue was $20.8 billion. Net income for the year was $3.1 billion, a 31% year-over-year …
Hilton Reports $10.2 Billion in Revenue for 2023, Added Record Number of New Rooms in Fourth Quarter
Hilton Worldwide announced financial results for fourth quarter and calendar year 2023.
The hotelier posted a net income of $150 million for the fourth quarter, down from profit of $176 million in the same period in 2019, and $1.15 billion for the full year, down from $886 million.
Revenue for the fourth quarter was $2.6 billion, up 7% from the same period in 2022, and $10.2 billion for the full year, a …
JetBlue Sees Revenues Fall, To Be Followed by Deeper Cuts as Costs Rise
JetBlue Airways announced financial results for the fourth quarter and full calendar year 2023.
The New York-based carrier is seeking to plot its flight path forward after a judge rejected its planned acquisition of Spirit Airlines earlier in the month.
Forecasting a fall in revenue and higher costs in the first quarter of 2024, the airline said it was evaluating deeper cost cuts as it struggles with uneven demand for travel.
The New …
