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...The fact that Japanese visitors to Hawaii this year are about half the 2019 level is worrying given that long-haul flights are a big factor in airline profitability....
...SOCIAL INVESTMENT FACTORS Is the ESG tent big enough for Big Tobacco? “ESG is the devil,” Tesla chief executive Elon Musk wrote on X last year....
...Some 4.7bn people are expected to take to the skies in 2024, according to the International Air Transport Association. That is 200mn more than the pre-pandemic high set in 2019....
Approach for Aloha state carrier seems timed to gain from a rally in the currency but there are factors working against that too
...The region’s big national airline groups, British Airways owner IAG, Air France-KLM and Lufthansa, are still flying smaller schedules than in 2019, after cautiously rebuilding their businesses from the pandemic...
...Khosrowshahi’s pay package is not unusual for Big Tech chief executives. Apple chief executive Tim Cook was paid nearly $100mn in 2021....
...As for JetBlue, it has been searching for a way to keep up with the big four US carriers — American, United, Delta and Southwest — who through their own dealmaking now control 80 per cent of the domestic...
...Alaska — like JetBlue — will argue that consolidation is needed to create a stronger company to compete against the industry’s traditional Big Four airlines....
...Is urban transport really winner-take-most? Until we see more evidence, we’ll continue to see Uber as a fast growing, moderately profitable transport company....
...The decision could make it harder to reshape the industry — particularly for lower-cost carriers — which has consolidated rapidly over the past two decades, leaving it dominated by the four big carriers:...
...Berkshire had struck a deal about six years ago to acquire an interest in Pilot Travel Centers, founded by billionaire James “Big Jim” Haslam II, patriarch of a powerful Tennessee family....
...Other big operators that use the model include United Airlines and Copa Airlines of Panama....
...A version of this article was first published by Nikkei Asia on February 7. ©2024 Nikkei Inc. All rights reserved....
...Boeing launched its first big share buyback in 1998. It bought back $41bn worth of shares between 2013 and 2019, including more than $9bn a year in 2017 and 2018, contributing to its high debt levels....
...Also yesterday (just before Uber’s announcement) we argued that Uber was not really a tech company but a “fast-growing, moderately profitable transport company”....
...“But are these interesting lab-scale innovations that still have a big bridge to cross before they are manufacturable, or something that can soon be produced at scale?” he asks....
...A version of this article was first published by Nikkei Asia on November 23. ©2023 Nikkei Inc. All rights reserved....
...The automotive industry nonetheless expects EVs to become dominant in time as governments push to decarbonise road transport....
...I was raised in one such environment: the public transport desert of a 1960s American suburb. In the US Midwest where I now live, it still takes effort to be healthy: I drive every day, because I can....
...Nilsson said one big threat to the Swedish model was a new EU directive on the minimum wage, which would impose a level rather than leaving it to an agreement between employers and unions....
...It would target renewable energy and transport companies as well as the finance sector, SocGen and Brookfield said....
...Nick Austin, a shipping lawyer at law firm Reed Smith, said charterers had been seeking to water down demands to cover financial losses and “cast-iron promises” to maintain a certain rating, adding that big...
...But we have collective agreements with all the big companies in Sweden. He has to realise he needs to let the Swedish organisation sign — that is the way out of this.”...
...Many analysts reckon gas’s role in power generation could give it greater longevity than oil, which is heavily used for transport and emits more carbon dioxide when it burns....
...It was the highest number of big strikes in two decades....
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