Lufthansa, easyjet, airlines sell off as EU steps up travel restrictions

A KLM flight attendant walks in the Schiphol Airport, the Netherlands. EVERT ELZINGA | AFP | Getty Images LONDON — Airline shares dropped on Friday after European governments announced further travel restrictions to fight growing Covid infection rates and highly-infectious variants. European leaders agreed on Thursday to keep their borders open but to discourage any non-essential travel. This means citizens looking to move from areas where the virus is circulating at a very high level will be asked to have a negative test and undergo quarantine upon arrival at another…

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United Airlines CEO says too early to predict when the carrier will break even

United Airlines CEO Scott Kirby joins fellow airline executives, union heads and politicians for a news conference to call on Congress to pass an extension of the Payroll Support Program to save thousands of travel jobs, outside the U.S. Capitol September 22, 2020 in Washington, DC. Chip Somodevilla | Getty Images United Airlines CEO Scott Kirby on Thursday said many more people need to receive coronavirus vaccines before travel demand returns, highlighting difficult months ahead for the industry. United’s shares were down more than 2% in premarket trading after the…

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Richard Branson on travel recovery, rollout efforts

Sir Richard Branson told CNBC on Tuesday he hopes so-called Covid vaccination passports will be available for prospective airline passengers who have been inoculated, potentially allowing them to bypass other virus mitigation measures before traveling. “Vaccination is everything. Once vulnerable people, in particular, have been vaccinated, I think all kinds of businesses can start opening up again: restaurants, travel companies, cruise companies,” said Branson, who co-founded the airlines Virgin Atlantic and Virgin Australia. “Hopefully there will be a proof-of-vaccination piece of paper that people can use to be able to get…

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Why ultra-low cost carrier Spirit Airlines is falling behind

Spirit Airlines, the no-frills carrier known for bright yellow planes, brash style and low fares, has helped revolutionize the way we pay for travel. To offset its bare-bones fares the carrier charges for everything from carry-on bags to bottles of water.  As of 2019, Spirit Airlines had 13 consecutive years of profitability. Since then, however, the airline has fallen on tough times. With the coronavirus pandemic causing passenger traffic to plummet, Spirit announced third quarter total operating revenue of $402 million, a 60% drop from a year earlier. To keep…

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TSA weighs barring hundreds from flights, steps up security before inauguration

A TSA officer checks a man’s ID at a screening checkpoint at Orlando International Airport. Paul Hennessy | SOPA Images | Getty Images The Transportation Security Administration on Friday said it is assessing hundreds of people to determine whether they should be barred from flights as it steps up security ahead of President-elect Joe Biden’s Jan. 20 inauguration. “Currently, TSA is processing hundreds of names with law enforcement agencies for a thorough risk assessment,” TSA Administrator David Pekoske said in a statement. “Our intelligence and vetting professionals are working diligently…

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Palm Beach County seeks to end lease with Trump’s golf course

U.S. President Donald Trump plays golf at the Trump International Golf Club in West Palm Beach, Florida, U.S., December 30, 2020. Marco Bello | Reuters Palm Beach County in Florida this week began seeking a way to terminate a contract with President Donald Trump’s prized International Golf Club. The county attorney’s office confirmed to NBC News on Friday that an official asked if Palm Beach has ways to cancel its lease with the president’s beloved, West Palm Beach course. The Palm Beach Post, which first reported that the county was…

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Trip.com is ‘more confident than ever’ in China’s travel recovery

SINGAPORE — Online travel agency Trip.com is “more confident than ever” that China’s domestic tourism will recover in the long run, chief executive Jane Sun said on Thursday. That’s despite fresh lockdowns in the country as new coronavirus cases emerge. “In the long run, we are very optimistic about the recovery,” Sun told CNBC’s “Squawk Box Asia.” Trip.com is one of China’s largest online travel sites. She said China saw “very strong recovery” during the country’s last holiday season in October and that it’s taking steps to administer vaccines in…

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