Travel service airline

New York (CNN Business) United Airlines gave a $10 million deposit to a startup developing electric aircraft — all for the goal of shuttling customers to and from the airport by air rather than gridlocked roadways. It's not clear when or if the plan will come to fruition, as Archer, the company developing the electric air taxis, is still in the development phase. However, the company said Wednesday that's it's finishing the design of its production model. Archer estimates the first of its four-seater helicopters could be in operation by 2024. California-based Archer, which was founded in 2018, has raised nearly a billion dollars, according to analytics company Crunchbase . It refers to its aircraft as an eVTOL, or "electric vertical takeoff and landing" configuration. The company states they'll be able to travel up to 60 miles at up to 150 miles per hour. The aircraft is expected to lift off much like a helicopter, and it'll rotate its propellers from providing vertical to … [Read more...] about United Airlines puts $10 million behind plan to shuttle customers by electric aircraft

The operator of low-cost carrier Cebu Pacific managed to trim its losses in the first half on the back of better revenues as improving mobility boosted passenger and cargo businesses. In a regulatory filing on Thursday, Cebu Air Inc. said it incurred a net loss of P9.5 billion, narrower than the P13.79 billion in the same period a year ago. This was supported by its total revenues growing by 250.3 percent to P20.68 billion for the period from last year’s P5.9 billion. Passenger revenues grew more than five times to P11.66 billion with volume growing to 6.3 million from just 1.2 million previously. Average fares were up 8.8 percent to P1,855 as of end-June, boosting top line figures in this segment. Cebu Pacific and other local airlines are currently collecting fuel surcharges to cover the cost of elevated oil prices. For this month, airlines are allowed to impose a fuel surcharge of P355 to P1,038 for domestic flights and P1,172.07 to P8,714.84 for international flights per … [Read more...] about Appetite for travel helped Cebu Pacific operator narrow losses in H1

Press Release ICS Creates a Significant Phenomenon on the Thon Buri Area, Collaborating with Famous Brand Partners – Lotus, Hilton Garden Inn and Innovative Health and Lifestyle Center – to Empower the Potential of Prime Location Connecting ICONSIAM to be an Impeccable City. New mixed-use lifestyle town, inclusive of retail, office tower and hotel Reinforcing the No. 1 prime location of the Thon Buri side with transportation networks of roads, rails, and boats Introducing more than 200 famous brands, ready to expand the customer base to cover all target groups Set to open by the end of 2022 Bangkok (10 August 2022) – ICS, a new mixed-use lifestyle town of the Thon Buri area under a joint venture between a retail operator and a property developer “Siam Piwat, Magnolia and CP,” creates a significant phenomenon in the Thon Buri area with a concept of “Always A Good Day”. It collaborates with famous brand partners: Lotus’s with a new concept of … [Read more...] about ICS creates a significant phenomenon on the Thon Buri area, collaborating with famous brand partners

ILLUSTRATIONBY RUTH MACAPAGAL There are fundamental concepts in marketing that remain relevant despite technology and changing consumer behaviors. This is important since what we know strongly influences what we do. Marketers (and entrepreneurs) need not wait for the consequences of a wrong action to influence new knowledge. Here is a list of five concepts marketers should look into to check if they have the right understanding of the business of marketing. 1. Needs and wants of the customers have to be identified First, most customers don’t even know what they actually need or want. They may know what they dislike but when it comes to new product design, it is still the domain of a company’s technical group, usually influenced by the company’s visionaries. For example, would the idea of an electronic blood pressure monitor come from hypertensive patients? Unlikely. The most they can do during the dominance of the manual blood pressure monitor era is to cite the pain points … [Read more...] about 5 marketing concepts that need to be reexamined

THAI Airways International has posted a 155% increase in revenue and a narrower loss in the first quarter of this year, with liquidity surging to the highest point since the company filed for bankruptcy in 2020 . On Tuesday, the carrier announced its first-quarter revenue totaled 1.1 billion baht, up 155% from the same period last year. An improvement in the airline’s performance is attributable to an increase in passenger and cargo traffic following the reopening of borders and the lifting of public health restrictions. THAI Airways International and its subsidiaries posted a first-quarter loss of 3.2 billion baht, down from 8.9 billion baht a year ago. There was a loss of 1.49 baht per share, compared to a loss of 5.59 baht per share in the first quarter of last year. The demand for international travel has increased significantly since the beginning of the year. Since the beginning of the month, Thailand’s entry rules have been relaxed, and Test & Go has … [Read more...] about Thai Airways Posts a 155% Increase in Revenue

Share to Twitter Share to Linkedin Mark Bucknam is unveiling what life is like away from the sand for a professional beach volleyball player. The BYB Pictures director recently released the five-part series AVP Uncovered via YouTube, detailing how four professional beach volleyball players rode the highs and lows through the 2021 AVP season. The 25-year-old Florida Southern graduate explained how the idea became clearer the more he started to play and watch these athletes operate. “I wanted to watch a show like the one we just made,” Bucknam said. “One that was behind the scenes and into these people’s lives, showing you who they are as people and not just as competitors. That show didn’t exist for beach volleyball. I saw a real opportunity to combine the things I like to do the most, which is play beach volleyball and work on video documentaries.” Bucknam noted the stark contrast between a beach volleyball player’s path to the pro ranks as compared … [Read more...] about AVP Uncovered Tells The Not-So-Glamorous Side Of Professional Beach Volleyball Life

This article first appeared in The Edge Malaysia Weekly, on August 1, 2022 - August 07, 2022. - A + A Small and medium enterprises have put capital expenditure on hold despite the reopening of the economy BUSINESS activities in the country have been in full swing for several months now, after two years of pandemic-induced movement restrictions. Demand has been strong since borders reopened, but the rising cost of raw materials, global economic uncertainties and, more pressingly, labour shortages have impacted the business growth of small and medium enterprises (SMEs). Usually, strong orders from clients mean that business owners will start thinking about making investments to meet the demand. However, at this point in time, very few SMEs are considering capital expenditure. “Many of our members are holding back on capital investment despite the pandemic seemingly coming to a tail end. Without certainty in our ability to deliver on orders, or for … [Read more...] about Cover Story: Investment winter hits SMEs

Shopping carts outside a Bed Bath & Beyond store in Louisville, Kentucky, U.S., on Saturday, Jan. 2, 2021. Bed Bath & Beyond Inc. is scheduled to release earnings figures on January 7. Retail traders who lurk in forums like Reddit’s WallStreetBets are back to betting against Wall Street pros and the Federal Reserve as rallies for meme stocks like Bed Bath & Beyond Inc. and AMC Entertainment Holdings Inc. show shades of last year’s mania. The home-good retailer nearly tripled at one point during its nine-day winning streak while the movie-theater firm capped a 65% rally of its own as speculative pockets of the stock market surge. The pair have powered a basket of 37 meme stocks tracked by Bloomberg higher by 10% over the past week while the most-hated stocks tracked by a Goldman Sachs Group Inc. basket is up roughly 17% over the same period. The resurgence of more speculative areas of the market is likely fueled in part by individual traders willingness to jump … [Read more...] about Meme-stock frenzy returns, baffling Wall Street’s ‘smart guys’

INFLATION CRUSH CONTINUES… CNBC: Wholesale inflation rose 11% in April as producer prices keep accelerating Prices at the wholesale level accelerated further in April, part of a broader inflation problem persisting through the U.S. economy, the Bureau of Labor Statistics reported Thursday. The producer price index, which tracks how much manufacturers get for products at their initial sale, rose 0.5% on the month and 11% from a year ago, a decrease from the record 11.5% in March. Excluding food, energy and trade services, core PPI rose 0.6% in April and 6.9% from a year ago, the latter a decline from 7.1% last month. AFTER SEVERAL FIRE BOMBINGS OF PRO-LIFE GROUPS & THE AT-HOME INTIMIDATION OF SUPREME COURT JUSTICES, AG GARLAND FINALLY ISSUES A STATEMENT… CNBC: AG Garland directs U.S. Marshals to help ‘ensure the Justices’ safety’ after leaked Supreme Court abortion draft The head of the Department of Justice on Wednesday directed the U.S. Marshals Service to … [Read more...] about Editor Daily Rundown: Inflation Crush Continues

Gateway for merchants grows rapidly in Indonesia, eyes further expansion in Southeast Asia. W hen Tessa Wijaya decided to make a job switch in 2016 from investment banking to an Indonesian electronic payments startup, it wasn’t because the money was better, as she took an 80% pay cut. The native of a small town in West Java says she was okay with the much-reduced salary. “I thought I needed to learn about a new business,” she said. “I took a leap.” It was a highly successful leap for Wijaya and Xendit, the expanding payments gateway for which she became a cofounder and chief operating officer. On top of being a driving force for the company’s growth, the 40-year-old Wijaya is also a passionate advocate for more women in tech; she initiated Xendit’s Women in Tech Indonesia program, where entrepreneurs and tech professionals share experiences in workshops and digital forums. Unlisted Xendit doesn’t disclose its profits, but it has clearly gained the confidence of many … [Read more...] about Xendit COO Tessa Wijaya Makes Success Leap From Investment Banking To Electronic Payments