After Summer 'Softness,' Southwest Corp. Revenue Rallies

 

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October 28, 2022 After Summer 'Softness,' Southwest Corporate Revenue Rallies By Donna M. Airoldi Southwest Airlines saw "both some volume and yield softness in managed business" in July and August compared with June 2022 levels, but the segment "turned around in September and October," Southwest COO Andrew Watterson said during a Thursday earnings call. Keep Reading Hertz Q3 Revenue Up, Corp. Demand 'Particularly Strong' Hertz Global Holdings reported third-quarter total revenue of $2.5 billion, an increase of 12 percent year over year, with strong demand across leisure, corporate and rideshare, Hertz CEO Stephen Scherr said. Keep Reading Lufthansa Q3 Corp. Revenue 70 Percent Recovered Lufthansa Group during the third quarter continued to see business travel bookings increase, with revenue for this segment at about 70 percent of pre-pandemic levels, the company reported. Keep Reading Air Canada to Upgrade Lounge, Cabin Experiences Air Canada is set to upgrade its lounge and cabin experiences as well as expand its chauffeur service. Keep Reading JetBlue, Qatar Expand Codeshare Agreement JetBlue and Qatar Airways are adding 11 markets across Africa and Asia to their codeshare agreement. Keep Reading The ongoing return of business and group travel has been building each quarter through the year." - IHG's Keith Barr Read More STR: September U.S. Hotel Rates Rise Again Average September U.S. hotel daily rates and revenue per available room were up last month from 2019 and from August, while occupancy levels roughly held steady, according to STR. Keep Reading 301 Route 17 North, Suite 1150 Rutherford, New Jersey, USA 07070

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