Month: November 2020

Southwest, United Airlines see weak demand over holidays, 1Q

DALLAS (AP) — United Airlines warned Thursday that bookings have slowed and cancellations have increased as the number of coronavirus infections spikes across the country.

Southwest Airlines has also seen more cancellations, and the carrier’s CEO said that travel demand will be remain weak in the first quarter.

The number of people flying in the United States is down about 65% from a year ago, and airlines were hoping that the upcoming holidays would mean an increase in leisure travel.

United said however that it continues to see the virus hurting travel.

In the past week, “there has been a deceleration in system bookings and an uptick in cancellations as a result of the recent spike in COVID-19 cases,” United said in a regulatory filing.

Chicago-based United expects to operate no more than 45% of its normal schedule in the fourth quarter. and it continues to forecast a 67% decline

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Black leisure travelers spent $109.4B on U.S. travel in 2019 : Augusta Free Press

(© Prostock-studio –

Black U.S. leisure travelers spent $109.4 billion on travel in 2019, generated by 458.2 million U.S. traveler stays, representing 13.1 percent of the U.S. leisure travel market.

This from MMGY Global, which announced today results from the first phase of The Black Traveler: Insights, Opportunities & Priorities report.

Virginia Tourism Corporation is a sponsor of this study, the only state in the country to invest in this important research.

“Virginia Tourism Corporation is proud to support this critical research that will further efforts to make the travel industry more diverse, equitable, and inclusive. For too long, Black voices have been underrepresented, signifying a systemic problem within the tourism industry. These

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Sri Lanka, Rwanda, Namibia and Israel added to quarantine-free list

<p>Sri Lanka has been added to the list of travel corridors</p> (Getty Images/iStockphoto)

Sri Lanka has been added to the list of travel corridors

(Getty Images/iStockphoto)

Sri Lanka, Rwanda, Namibia and Israel are among the countries added to the government’s list of travel corridors this week.

The other additions are Uruguay, Bonaire, St Eustatius and Saba, the Northern Mariana Islands and the US Virgin Islands.

It means travellers arriving into England, Wales and Northern Ireland from these countries will no longer have to quarantine for two weeks, and presents the potential for winter sun holidays to some of these destinations once leisure travel restrictions are lifted.

Transport secretary Grant Shapps tweeted: “If you arrive from these countries after 4am on Saturday 21st Nov you will NOT need to self-isolate.

“Please remember that under the current restrictions travel outside of the home, with the exception of a limited number of reasons including work or education, is not permitted.”

He added that

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Why Norwegian Cruise, Carnival, and Azul Stocks Continued Rising Tuesday

What happened

On Tuesday, travel and leisure stocks continued riding the wave of Monday’s positive news about Moderna‘s coronavirus vaccine showing 94.5% effectiveness, with shares of cruise lines Carnival (NYSE:CCL) up 4.5% at 1:30 p.m. EST, and Norwegian Cruise Line Holdings (NASDAQ:NCLH) rising 4.7%.

Royal Caribbean stock is down, so it seems the enthusiasm may already be waning there. On the other hand, shares of Brazilian airline Azul (NYSE:AZUL) are joining in the rally today, up 2.2%.

Collage showing a cruise ship, a man in a face mask and a microbe

Image source: Getty Images.

So what

There’s nothing specific to the cruise industry (or to the airline industry, either, for that matter) about Moderna’s news. This is more a case of investors reacting positively to the second announcement about development of a coronavirus vaccine with 90% or better clinical effectiveness, and a feeling that the end of this pandemic, and the recession it has caused,

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