Travel News & Insights

SoftBank-backed travel start-up GetYourGuide lays off 100 staff

Johannes Reck, CEO of travel start-up GetYourGuide. Jens Kalaene | picture alliance | Getty Images LONDON— GetYourGuide, the Berlin-headquartered activity booking start-up has laid off close to 100 staff as the coronavirus pandemic continues to take its toll on the travel industry. The company was backed by SoftBank in a $484 million funding round last year. “We’re at an inflection point in our journey, and have made adjustments to our workforce,” said GetYourGuide spokesperson Will Gluckin in a statement shared with CNBC via email. “As our view of the market’s…

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Airline stocks rally on stimulus hopes. Charts show next bullish level

It’s been a wild week for airlines. United Airlines and Delta were among the airline stocks that rallied Wednesday after President Trump urged $25 billion in relief for the industry. Trump’s statement late Tuesday was a surprise turn for the president after he tweeted earlier in the day that all stimulus talks should be pushed until after the election — a tweet that sent airlines and the rest of the market lower on Tuesday. While investors wait for any concrete moves toward stimulus, Miller Tabak chief market strategist Matt Maley…

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Boeing 737 Max is safe to fly again, says EASA boss

A Boeing 737 MAX jet comes in for a landing following a Federal Aviation Administration (FAA) test flight at Boeing Field in Seattle, Washington on June 29, 2020. Jason Redmond | Reuters Europe’s aviation regulator has declared Boeing‘s 737 Max aircraft safe to fly after it was grounded in March 2019 following two accidents that left 346 people dead. Patrick Ky, executive director of the European Union Aviation Safety Agency, told Bloomberg Friday that he’s satisfied with the changes Boeing has made to the aircraft, adding that the aircraft could…

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