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20.08.25 - 00:12
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Last-Minute Flight Bookings Set Up ′Nail Biter′ for US Airlines (Bloomberg)
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US leisure and business travelers beaten down by economic uncertainty are waiting until the last minute to book air travel. Many trips are being booked less than two weeks ahead of time — instead of the more typical one month or more. That is making it tough for airlines to forecast the capacity they need, putting revenue and profits at risk if carriers misjudge demand. US airlines have had a tough year already with Donald Trump's trade war eroding consumer optimism and cutting into travel demand. Flying has bounced back since June, but the lingering trend of late booking is undermining carriers' ability to cash in on the busy upcoming holiday travel period. Bloomberg News US Airlines Reporter Mary Schlangenstein joins Bloomberg Businessweek Daily to discuss. (Source: Bloomberg)...
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19.08.25 - 15:42
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Air Canada flight attendants reach ′tentative′ deal with airline to end strike (The Guardian)
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Strike over wages and ground work has cancelled travel for 500,000 people worldwideAir Canada flight attendants say they have reached a “tentative” deal with the airline to end a strike over wages and ground work that has cancelled travel for half a million people worldwide.Roughly 10,000 flight attendants walked off the job after midnight Saturday, insisting Air Canada had failed to address their demands for higher pay and compensation for unpaid ground work, including during boarding. Continue reading......
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19.08.25 - 15:03
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Local TV-Station Owner Sinclair Seeks Merger With Rival Tegna (ZeroHedge)
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Local TV-Station Owner Sinclair Seeks Merger With Rival Tegna
One week after Sinclair, one of the largest U.S. broadcast station owners, announced a "strategic review" of its business, the Wall Street Journal reports the broadcaster has offered to merge with rival Tegna, according to people familiar with the matter.
The broadcaster, based in Hunt Valley, Maryland - just north of the crime-ridden Baltimore City - has proposed separating its Ventures business, which includes several media assets such as the Tennis Channel, and merging its broadcast TV unit with Tegna in a deal valuing Tegna shares at around $25 to $30.
The deal to merge Sinclair, which operates 178 stations across major markets, and Tegna, which operates 64 stations in major markets, comes as Tegna is in advanced talks with rival Nexstar Media. For context, Nexstar is the largest television broadcaster in the nation, with 200 stations across major markets.
Here is the deal structure according to WSJ sources:
Str...
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19.08.25 - 11:24
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Do you have a high street full of gambling shops breeding poverty and addiction? I have a way to fight back | Dawn Butler (The Guardian)
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Communities feel powerless because the law gives betting firms the upper hand. But a simple change could transfer power to the people• Dawn Butler is MP for Brent EastWalking down their local high streets, people in Britain are increasingly unlikely to come across a local butcher, baker or grocery shop, and more likely to find betting shops, casinos, adult gaming centres (AGC) and so-called bingo venues, where traditional bingo is muscled out by money-sapping slot machines. These establishments are taking over our town centres at an alarming rate. From talking to my constituents in Brent, west London, and residents across the capital, I know that people have had enough.That's why this summer I have launched a campaign for urgent reform of our gambling laws. Ministers must give local authorities and people greater power to tackle this issue and reclaim our high streets. Currently, billionaire-owned overseas corporations have too much power, and local people have none. That needs to change. And it's tim...
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