Morgan Stanley has issued a new research note on Carnival Corp & plc following the cruise company’s second profit warning in eight weeks. Carnival announced on Monday that it now expected full year 2013 earnings per share of $1.45-$1.65, versus previous guidance of $1.80-$2.10. Morgan Stanley said it remained ‘relatively cautious’ about the company in the face of ongoing yield underperformance, possible overcapacity, further ship incidents and competitor actions. However, the analyst added that, as negative publicity surrounding ships incidents at the Carnival and Costa brands subsided, pricing should recover. Click here to read the research note in full.
Jet2.com and Jet2holidays have expanded the number of destinations for summer 2014 at four northern airports. The new destinations are Madeira, available from East Midlands; Menorca from Blackpool; Kos from Leeds Bradford ; Reus from Glasgow and Leeds Bradford airports; and Zante from Glasgow and East Midlands. For details, click here.
The Global Business Travel Association has announced that chief executive of The Futures Agency, Gerd Leonhard, will be the opening keynote speaker for the GBTA Europe Conference 2013, being held in Prague on 23-25 September. He will talk on ‘The Future of Business and Communications in a Networked Society’ focusing on ‘SoLoMo’ (social local mobile) technology. For details from the GBTA, click here.
The UK is not doing enough to promote itself as a ‘must see’ destination to the Chinese market and it is not offering packages to beat competitors in France, Italy and Switzerland, according to Travelzoo’s chief executive for the Asia Pacific region, Jason Yap. He is in the UK this week to meet inbound tourism bosses to discuss the Chinese market, and also cited Airport Passenger Duty (APD) and the challenging visa regulations for Chinese visitors as key reasons for the UK to be losing out on the lucrative Chinese market. For more from Travelzoo, click here.
Leger Holidays has launched three holidays taking place in 2014 to mark the 70th anniversary of the D-Day landings in France during World War Two. Along with Cruise and Maritime Voyages, Leger will host a commemorative cruise to the Normandy beaches in June 2014, and two further tours include a 70th Anniversary of the D-Day Landings land-based tour, and one to honour those involved in Arnhem and Operation Market Garden seven decades ago. Click here for details.
Priceline has completed its acquisition of Kayak. The acquisition was first announced last November. Click here for more details.
Travelport has announced Jet2.com and Norwegian as the latest participants in the aggregated shopping component of its Travelport Merchandising Platform. Travelport Aggregated Shopping, which launched with easyJet last month, enables Travelport-connected agents to sell all of the airlines’ fares and ancillaries, including those that were previously only available on the carriers’ websites. For more details click here.
And finally…the Trailfinders Australian Garden, presented by Flemings Nurseries, has been awarded Best Show Garden at the 2013 Royal Horticultural Society (RHS) Chelsea Flower Show. The garden, designed by Phillip Johnson Landscapes, ‘offers a relaxing and inviting ecosystem within an Australian urban environment’. Native Australian plants are used throughout the design, including lush ferns, bright kangaroo paws and bottle trees, alongside a natural billabong and waterfalls. Click here for more details.
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Michael Medlicott has been elected as the new chair of the Air Travel Trust (ATT), following his appointment as a trustee by Dame Deirdre Hutton, chair of the Civil Aviation Authority (CAA).
He has been a member of the CAA board since 2010 and previously held a senior management position at Delta Airlines, sat on the board of the Manchester Airports Group and was also the chief executive of the British Tourist Authority.
Medlicott will replace Roger Mountford, who has stepped down as chair, having been in the role since 2003.
For more from the CAA, click here.