News to Know

U.S. Airlines Forecast Strong 2023 Travel, Costs May Dampen Outlook
(SOURCE: REUTERS)

U.S. airlines expect strong travel demand that drove record fourth-quarter revenues to continue into 2023, but economic uncertainty and burgeoning labor and operations costs could cloud their rosy outlooks.

On Thursday, American Airlines, JetBlue Airways Corp and Alaska Air Group forecast better-than-expected full-year earnings.

Airlines are cashing in as consumers snap up tickets following a pandemic-induced slump, making the industry a rare bright spot as markets grasp with runaway inflation, rising interest rates and economic uncertainty.

Industry Spotlight

GBTA Survey
Payment Solutions in your Travel Program

The Payment Solutions Committee would like to hear from you. Please take a moment to complete this brief survey on the role that payment has in your travel program. Your anonymous feedback will be used to help drive the industry narrative around payment and determine the committee’s deliverables to GBTA Members in 2023 and beyond.

GBTA Webinar
Ensuring Duty of Care: A Look at Travel Risk Management Best Practices

February 15 | 11:00 AM - 12:00 PM

Effective travel risk management is a key component of fulfilling this duty of care. Join us on February 15th at 11 AM EST, as we examine:

• How to identify and assess business travel risks?
• The use of technology to support employees in the event of a crisis.
• Importance of regularly reviewing and updating travel risk management policies

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Crisis24 Intelligence Brief

Australia - Rail services canceled on Airport and Midland Lines in Perth, Australia, due to train fire the afternoon of Jan. 30.

New Zealand - Heavy rainfall and thunderstorms forecast across parts of North Island, New Zealand, through Jan. 31. Disruptions ongoing in Auckland.

South Korea - South Korea eases indoor facemask mandate as of Jan. 30 amid decreasing COVID-19 cases. Minimal international travel requirements in effect.

United States - Adverse winter weather forecast across parts of the northern US through at least Jan. 30. Hazardous travel conditions likely.

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