Suntory’s recent unveiling of Hibiki 40 Years Old marks a significant milestone in the world of premium Japanese whisky. Released globally on October 3, this extraordinarily aged whisky is limited to just 400 bottles, each retailing at a whopping $35,000. The rarity and price tag alone speak volumes about its status, but the true value
Spirit Airlines has recently made headlines as its shares witnessed a remarkable surge of over 20%, following the announcement of significant organizational changes aimed at revitalizing the beleaguered budget carrier’s finances. The airline has outlined a multifaceted strategy designed to reduce operational costs and raise capital, which includes the sale of 23 older Airbus aircraft—a
Before the term “plant-based” became a trendy catchphrase, Amanda Cohen was already paving the way for vegetable-forward dining experiences. Her innovative restaurant, Dirt Candy, opened its doors in New York’s East Village in October 2015, challenging the culinary norms by offering a menu dedicated entirely to vegetables. This bold approach resonated with a diverse audience,
Hilton Worldwide’s recent earnings report for the third quarter showcased a somewhat sluggish rate of revenue growth per available room (RevPAR), reflecting the complexities faced by the hospitality sector. While a year-on-year increase of 1.4% in RevPAR demonstrates resilience, it fell short of expectations set by the company. The shortfall is attributed to various factors,
The aviation landscape has undergone significant transformations in recent years, particularly regarding major global airlines and their operations in China. Numerous carriers are now scaling back services or entirely exiting the Chinese market, a trend sparked by a confluence of geopolitical issues, rising operational costs, and dwindling demand. Notable examples of airlines withdrawing entirely from
In the competitive landscape of commercial aviation, corporations often play a crucial role in steering airlines’ revenue streams. American Airlines recently experienced a significant shift in its approach to corporate travel, which led to lost revenue and strained relationships. This article delves into American Airlines’ strategy adjustments and how it plans to recapture its lost
In a bold move aimed at rejuvenating its tourism and spirits market, Hong Kong has dramatically reduced its excise tax on spirits from an oppressive 100% to a mere 10%. This significant shift is expected to have far-reaching implications for the whisky market, a sector poised for growth with increasing global interest. By fostering an
Bar Harbor, a picturesque town nestled along the New England coastline, faces a pivotal moment in November as residents prepare to vote on the controversial 1,000-passenger daily limit for cruise ship visitors. Initially enacted during a referendum in November 2022, this regulation aims to control the influx of cruise passengers—a move that has sparked passionate
The aerospace industry is currently grappling with significant challenges, particularly highlighted by the ongoing strike by Boeing machinists. With the labor dispute now extending beyond six weeks, Spirit AeroSystems is reportedly contemplating further furloughs or layoffs, adding to the precarious situation of its workforce. This standoff, which has already resulted in Boeing machinists rejecting a
Southwest Airlines recently unveiled its financial results for the third quarter, revealing a decrease in profit compared to the previous year. Although the dip in net income signifies potential challenges, the airline’s performance exceeded Wall Street expectations, highlighting a complex narrative unfolding in the aviation sector. With net income reported at $67 million, a striking
In a bold strategic move set for mid-2025, Southwest Airlines is introducing “Getaways,” a new vacation-package brand that redefines its approach to customer engagement and revenue generation. Unlike its predecessor, Southwest Vacations—which relied significantly on travel advisors and was operated in collaboration with Apple Leisure Group—Getaways aims to maximize direct sales through the airline’s website,
In an exciting development for adventure travel enthusiasts, G Adventures has unveiled plans to launch a fleet of five 10-passenger sailing yachts for its 2025 itineraries in the stunning Greek islands. This forward-thinking initiative marks a significant evolution in how travelers can explore the rich culture and breathtaking landscapes of Greece. The introduction of these
Norwegian Cruise Line (NCL) is poised to make waves in the cruise industry with its upcoming Prima Plus class vessels: Norwegian Aqua and Norwegian Luna, set to launch in 2025 and 2026, respectively. Building on the foundation laid by the Prima class, which debuted in 2022, these new ships promise to elevate the cruising experience
American Airlines has recently made headlines by increasing its profit forecast for the current fiscal year, signaling a promising turnaround amidst a turbulent market. Outgoing CEO Robert Isom has reported that the company’s renewed sales strategy, implemented earlier this year, has begun to bear fruit. The airline now anticipates earning between 25 to 50 cents
In the realm of corporate governance, shareholder activism has become increasingly prominent, particularly in the wake of financial struggles or perceived mismanagement. A recent instance of this dynamic unfolded within Southwest Airlines, as Elliott Investment Management, a significant shareholder with an 11% stake, launched a proxy battle aimed at installing its own nominees to the
Recent reports indicate that Spirit Airlines has reignited discussions with Frontier Airlines regarding a potential merger, a topic that has floated around in the aviation industry for quite some time. According to a Wall Street Journal article, the talks are still in their early phases and may very well be tentative. The intricate landscape of
In a bid to enhance the boarding experience for its customers, American Airlines is piloting a new alert system aimed at curbing the common issues associated with unauthorized boarding attempts. This initiative, which has already begun testing in select cities such as Albuquerque and Tucson, is expected to expand to Washington Reagan National Airport and
In an era where connectivity defines convenience, Qatar Airways has embarked on a groundbreaking venture by launching its first-ever Boeing 777 flight equipped with Starlink internet, developed by entrepreneur Elon Musk. This initiative not only symbolizes a significant technological leap in the airline industry but also marks a strategic maneuver by Qatar Airways to redefine