Tycoon Running 500 Hotels Warns of More Job Cuts, Closures

(Bloomberg) — Minor International Pcl, which runs more than 500 hotels across 55 countries, may cut more jobs and shut recently re-opened properties as the coronavirus pandemic and travel restrictions continue to keep guests away.

“We have hotels that can’t even pay for staff or electricity because they’re totally empty,” Bill Heinecke, chairman and founder of Bangkok-based Minor, said in an interview. “We’ve taken a lot of job cuts and

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Honeywell cuts business jet deliveries outlook as pandemic hits aviation

By Allison Lampert

MONTREAL (Reuters) – Honeywell Aerospace <HON.N> on Tuesday cut its outlook for business jet deliveries, but held out hope that most future orders would escape the punishing effect of the COVID-19 crisis that has battered the aviation sector.

Honeywell’s 2020 business aviation outlook forecasts up to 7,300 new business jet deliveries worth $235 billion from 2021 to 2030, down 4% from the same 10-year forecast a year

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Cathay Pacific mulls smaller aircraft, business class cuts as Covid-19 crisis remoulds travel



a large passenger jet sitting on top of a runway: Cathay Pacific is undergoing a restructuring process to help see it through the aftermath of the pandemic. Photo: Roy Issa


© SCMP
Cathay Pacific is undergoing a restructuring process to help see it through the aftermath of the pandemic. Photo: Roy Issa

Cathay Pacific Airways is weighing up if it needs smaller aircraft with fewer business class seats, as Covid-19 reshapes travel habits and the airline industry.

No immediate changes are on the horizon, according to CEO Augustus Tang Kin-wing, but discussions are ongoing over the company’s restructuring plan, which

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Southwest Airlines cuts 90,000 flights in November and December as holiday travel demand falters

Southwest Airlines cut more than 90,000 flights from its November and December schedules, trying desperately to avoid empty aircraft heading into the important holiday travel season.



table: A man passes a flight status board at Love Field on Wednesday, Sept. 23, 2020, in Dallas.


© Smiley N. Pool/The Dallas Morning News/The Dallas Morning News/TNS
A man passes a flight status board at Love Field on Wednesday, Sept. 23, 2020, in Dallas.

Dallas-based Southwest cut 38,000 flights from its November plans, or about 36% of all trips, according to

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New jobless claims level off, but cuts keep hitting hotels, theme parks

The long tail of economic stabilization remains relatively flat as the number of Americans filing new unemployment claims last week stayed about the same as the week before.



a man standing in a room: Josh Wheeler, 19, of Valrico, fills out an employment form Wednesday before his interview at the Hard Rock Event Center at the Seminole Hard Rock Hotel and Casino in Tampa. The business was hiring housekeepers at the job fair, one of several it's holding during this week to fill positions throughout the property.


© SCOTT KEELER/Times/Tampa Bay Times/TNS
Josh Wheeler, 19, of Valrico, fills out an employment form Wednesday before his interview at the Hard Rock Event Center at the Seminole Hard Rock Hotel and Casino in Tampa. The business was hiring housekeepers at the

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