Starbucks recently made a surprising announcement by removing its chief executive officer, Laxman Narasimha, from his position. This move came following the release of the company’s third-quarter earnings report, which revealed a 4% decline in comparable store sales. This drop marked a significant decline compared to the previous quarter’s 3% decrease and the full-year revenue
Elliott Investment Management has publicly identified 10 potential nominees to Southwest Airlines’ board of directors, intensifying its call for changes to the airline’s senior management and inching closer to launching the proxy battle it has been hinting at. Southwest’s Response Southwest Airlines has made it clear that it will resist Elliott’s attempts to overhaul the
Monaco, known for its opulence and extravagance, is starting to make a shift towards sustainability. The country’s “Green is the New Glam” campaign, introduced in 2018, aimed to showcase Monaco’s environmental efforts. More recently, a 2023 tourism campaign emphasized sustainability as one of the key pillars for attracting new travelers, alongside “Instagrammability” and digital nomad
Chicken Cock Whiskey has a long and storied history dating back to 1856, when James A. Miller established a distillery in Paris, Kentucky. Over the years, the brand faced numerous challenges, including changes in ownership, a devastating distillery fire, and the era of prohibition. Unfortunately, the brand eventually faded into obscurity and was lost in
Alaska Airlines has recently announced their investment in JetZero, a promising aircraft engineering startup with a vision to drastically reduce carbon emissions and fuel consumption. JetZero’s unique blended-wing aircraft design has the potential to cut emissions by up to 50%, setting a new standard for sustainability in the aviation industry. This pioneering approach integrates wings
Southern Connecticut is about to witness a fierce competition between two discount airlines, Breeze Airways and Avelo. With Breeze recently announcing its plans to introduce 10 routes from Tweed Airport in New Haven, the battleground has been set. This move puts Breeze in direct competition with Avelo, the only commercial airline currently operating out of
One year after catastrophic wildfires ravaged Lahaina, Maui’s tourism sector is still struggling to recover, with serious repercussions for Hawaii’s overall tourism performance. The Hawaii Tourism Authority (HTA) reported that tourist arrivals and spending statewide have been on a decline every month in the first half of 2024. The number of visitors to Hawaii dropped
American Airlines recently admitted its misstep in focusing too heavily on direct distribution and neglecting the importance of travel management companies (TMCs) and agencies in its revenue stream. This acknowledgment was made during a Q2 earnings call by American CEO Robert Isom. The airline now aims to rebuild positive relationships with travel advisors, seeking to
Finnair, known for being one of the primary supporters of NDC technology in the airline industry, recently made a significant change in their strategy. Despite planning to cease distributing through legacy Edifact GDS technology by the end of 2025, the airline has now decided to alter this course of action. In a conversation with Jenni
The recent lawsuit filed by the family of a French explorer who tragically died in a submersible implosion has sparked controversy and raised serious questions about the safety protocols in deep-sea exploration. The lawsuit, which seeks more than $50 million in damages, accuses the sub’s operator of gross negligence and failure to disclose crucial information