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Posted Jul 19, 2010
Delta Air Lines reported earnings this morning, the first airline to report earnings for the second quarter. While the headline numbers for the airline's results look quite good on the surface, airline stocks began to drop after the numbers were released and they have yet to get up again. Why is this the case if Delta reported such a large profit?
Posted Apr 2, 2010
It appears we're moving in the right direction as far as recovery for business and meetings travel. I was very encouraged by the International Air Transport Association (IATA) report of some positive figures on airline traffic. IATA reported a growth pace that, barring any global catastrophic event, will soon bring passenger volumes back to what they were before the recession!
Posted Dec 4, 2009
Posted Nov 27, 2009
A recent story in Successful Meetings about a new Business Barometer survey by Meeting Professionals International Foundation says only 12 percent of meeting professionals interviewed expect the economy and our industry to improve by the second quarter of next year.
Wow! That's a pretty low number, and at first glance a bit depressing.
Posted Oct 22, 2009
In response to today's article in The Beat about year-over-year increases this month in business travel bookings, here is what we are seeing and thinking.
Posted Oct 5, 2009
TRX Inc. today began trading on the Nasdaq Capital Market after the Nasdaq Global Market delisted the company for failing to maintain required shareholders' equity of $10 million. Nasdaq also informed TRX last month that it no longer satisfied the requirement that it maintain a share price of at least $1--which applies to both the Capital and Global markets. As a result, TRX has until March 29 to achieve a $1 share price for a span of ten consecutive days to regain compliance with Nasdaq rules. The last time TRX shares did that was more than a year ago. TRX on Thursday announced that it raised by 10 percent its expectations for adjusted 2009 earnings before interest, taxes, depreciation and amortization, to $5.5 million.
Posted Jul 21, 2009
This recession has prompted a steady stream of hotel foreclosures and restructurings. But a few of these transactions have stood out as they involve such legendary properties for corporate meetings and events.
Posted Jun 23, 2009
More and more news stories seem to want to declare the bottom of the decline or even the end of the recession. While this is the news many of us are longing to see and I’m hopeful the next year will be one of recovery, what does this mean for the business travel industry?
Posted Jun 3, 2009
Regarding today's article in The Beat, there's been lots of talk over the years about a merger; in fact several years ago I wrote an Op-Ed to the effect that "The two associations should find ways to collaborate instead of compete." Some people took that the wrong way and thought I meant merge; which was not what I meant.
Posted May 20, 2009
Maybe I am naive in thinking anyone trusted anyone in the corporate travel market in the first place, but I don't think so. Once all the hard bargaining has been done and the parameters and delivery goals have been set, then at least an element of trust must prevail. Sadly, I am beginning to fear that trust is now going out the window along with continuity and loyalty.
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