Hainan Airlines Among Alleged Victims of $10 Billion Embezzlement at Bankrupt Parent HNA


Shanghai-based Hainan Airlines is among the three business units at debt-ridden HNA that says money was embezzled by shareholders. Bloomberg

Skift Take: First a bankruptcy, then disclosures alleging embezzlement by shareholders. All during a pandemic. Things promise to get uglier for the this once high-flying aviation group.

— Tom Lowry

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Southwest’s Streak Ends as Airline Posts First Loss in Half a Century

John Crowley  / Wikimedia

Southwest will re-introduce the 737 Max in March even as it faces an uncertain recovery outlook. John Crowley / Wikimedia

Skift Take: Southwest Airlines is raising alarm bells about the cost of mandatory Covid-19 tests for domestic travel after its first annual loss in 48 years. But with containing the virus top of mind for the new administration, the industry may have few legs to stand on.

— Edward Russell

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Marriott Unveils Sheraton’s New $1 Billion-Plus Look — Finally

Marriott International

Marriott debuted six revamped Sheratons (pictured: the Sheraton Grand Dubai) this week, nearly three years after launching the brand revitalization. Marriott International

Skift Take: Sheraton’s long-awaited brand update is finally here, but you’re going to be waiting several years for the new look to roll out fully across its global footprint.

— Cameron Sperance

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American Airlines May Furlough Staff Again as Travel Recovery Lags

BriYYZ  / Wikimedia

American warns of renewed furloughs in 2021 amid weak recovery. BriYYZ / Wikimedia

Skift Take: American Airlines’ outlook for 2021 is decidedly more cautious than those of its largest competitors. With a moribund recovery and the possibility of new domestic Covid testing rules, the airline may be forced to make further cuts to staff come April.

— Edward Russell

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Wyndham’s Latest Deal Signals Importance of Boutique Hotel Brands During Pandemic Recovery

Wyndham Hotels & Resorts

A Wyndham soft brand deal with a Mississippi-based hotel developer shows just about every hotel company wants in on the so-called lifestyle hotel space. Wyndham Hotels & Resorts

Skift Take: Wyndham’s deal to bring in seven boutique hotels to its portfolio begs the question: Is there a hotel company that isn’t trying to tap into the so-called lifestyle hotel sector?

— Cameron Sperance

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