Another Possible Risk Factor for U.S. Airlines: Credit Card Holdbacks

Delta Air Lines

Delta Air Lines is projecting a $10 billion drop in revenue for the second quarter. Pictured is one of the airline’s Airbus A350s. Delta Air Lines

Skift Take: In a typical liquidity crisis, credit card processors might institute holdbacks on airlines, so they wouldn’t receive fare revenue until after a consumer flies. But this is no ordinary crisis.

— Brian Sumers

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Organizers of Dubai 2020 Say How About Dubai 2021?

Kamran Jebreili  / Associated Press

Technicians walk at the under construction site of the Expo 2020 in Dubai, United Arab Emirates. On Monday, March 30, 2020, the organizers of Expo 2020 recommended postponing the world’s fair until next year. Kamran Jebreili / Associated Press

Skift Take: The modern expo has been rethought over the last decade, and the last thing Dubai wants is to make them irrelevant again. Pushing back a year can only improve things in the long run.

— Jason Clampet

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Tourism Plummet Prompts Big Sure in Hawaii Unemployment Claims

Caleb Jones  / Associated Press

Nearly 100 hotels have closed in Hawaii, as tourism dwindles and unemployment claims surpassed 67,000 for just the first half of last week. Caleb Jones / Associated Press

Skift Take: At face value, Hawaii’s newly enacted 14-day mandatory self-quarantine to everyone arriving to the island could further decimate its travel industry. But nearly 100 hotels have already closed due to the coronavirus downturn in travel, and unemployment claims already account for 11 percent of the state’s eligible workforce.

— Cameron Sperance

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Japan’s Olympics Delay Could Cost $6 Billion Including Hit to Tourism

Eugene Hoshiko  / Associated Press

Officials light a lantern from the Olympic Flame at the end of a flame display ceremony in Iwaki, northern Japan, before the Olympics were postponed. Eugene Hoshiko / Associated Press

Skift Take: Rescheduling the Olympics just solved one question. Now numbers are coming in as to how much the one-year delay will cost Japan’s tourism and hospitality sectors.

— Xinyi Liang-Pholsena

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