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Travel Companies Get Creative To Mitigate Job Losses: 'Could We Rent Out Our Sales Team?'

Some travel businesses are getting creative to support otherwise displaced workers in a depressed travel environment. From Flight Centre, which is in discussions with other employers that could use temporary call-center support, to Upside Business Travel, whose employees are circulating the idea to "rent out our sales team," travel companies are seeking alternatives to more draconian labor actions.
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ARC Reports Steep Fall In Agency Air Transactions

ARC Reports Steep Fall In Agency Air Transactions
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Layoffs Hit TripActions, Reports Suggest Hundreds Let Go

Online travel management company TripActions, which has raised nearly a half-billion dollars since its founding in 2015, laid off employees on Tuesday, the company confirmed.
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Amadeus Cuts Costs As European Travel Tech Lobby Pleads For Aid

Amadeus on Monday alerted investors it has "adopted a set of measures to protect its liquidity, to enhance its financial flexibility and to support its cash generation in a scenario where the current tough market conditions persist over a long period of time."
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IATA Projects Plummeting Passenger Traffic For 2020

IATA Projects Plummeting Passenger Traffic For 2020
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As Sabre Cuts Costs, Could A Potential Farelogix Deal Block Be A Blessing?

Sabre is cutting $200 million in costs this year through employee salary cuts, voluntary leave packages and other actions, the company announced Friday.
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Lufthansa Group CEO: 'There Will Be No Back To Normal'

As the coronavirus crisis continues, more airlines will go bankrupt, some will turn to consolidation and "some will completely disappear," Lufthansa Group CEO Carsten Spohr said Thursday during a call with investors and analysts.
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Travel Agencies Seek Relief, From Government Aid To Partner Leniency

From government financial aid with multibillion-dollar price tags to leniency from suppliers and business partners, travel agencies around the world are begging for relief from the unfolding damage the coronavirus outbreak is wreaking on business.
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Hotel Occupancy, RevPAR And Rates Fall

Hotel Occupancy, RevPAR And Rates Fall
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'What Is Going On?' EU Travel Suspension, Deepening Pandemic Makes For A Chaotic Day

President Trump's surprise announcement Wednesday night of a 30-day ban on non-U.S. travelers entering from the European Union's Schengen Area, compounded by growing public anxiety over the coronavirus outbreak, brought an already-limping corporate travel industry to its knees.
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