CWT CEO Kurt Ekert spoke with The Beat editor-in-chief Jay Boehmer on the company's new operational structure, its recent capital raise and debt exchange as well as corporate client relationships. "We've spent the shutdown period recalibrating and thinking about what will determine who wins in the long term in the industry," he said.
Travelport has resolved a legal dispute with a group of lenders and reached a new financing arrangement, in "which, among other things, [Travelport's] existing lenders will provide $500 million in new funding to the company," the global distribution system operator announced.
United Airlines is preparing to move its U.S. point-of-sale corporate customers to a new data reporting method for monitoring contract performance, which it began to develop with ARC last year.
A former Travelport employee's U.S. federal lawsuit against her former employer alleging a global distribution system price-fixing scheme in the United Arab Emirates has been voluntarily dismissed, according to a joint notification from the litigants last week and stamped in by an order from the judge this week.
Amadeus last week announced a bellwether distribution agreement with Air France-KLM that serves as a framework for the global distribution system operator to be an aggregator of Air France-KLM's New Distribution Capability-piped content. Speaking with The Beat Monday, Air France-KLM vice president of distribution Emmanuelle Gailland emphasized airline control in the deal's structure, both over the content it delivers and to which agencies it distributes.
Amadeus and Air France-KLM have reached a commercial arrangement to bring the carrier group's New Distribution Capability-piped content to the global distribution system operator's subscribers, with plans of "rolling out toward scale" by mid-2021.
At first blush, the largest U.S. airlines' elimination last week of most domestic change fees, which reached up to $200, looks like a boost for the long-term value proposition of airfare price-assurance systems from Coupa, FairFly, Trappit and travel management companies.
The twin coronavirus-driven urgencies of financial liquidity and risk reduction, not to mention challenges in airline refund settlement, have triggered a shift from cash to card payments for air bookings through travel management companies.