Browse Tag

cancellation

Lufthansa refunded over €3 bln to 7 mln customers

1 min read

The FINANCIAL —  In the current year, the airlines of the Lufthansa Group have so far reimbursed over three billion euros to a total of over seven million customers (as of 30 September 2020). The number of ticket refunds still open fell to around 700,000 transactions worth around 350 million euros. Constantly changing travel restrictions and current political decisions are forcing Lufthansa to make frequent and extensive changes to flight schedules at short notice. This leads to unavoidable flight cancellations. The associated refund applications are processed as quickly as possible. Therefore, the number of open refund applications will continue to develop…

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Lufthansa refunded over €3 bln to 7 mln customers

1 min read

The FINANCIAL —  In the current year, the airlines of the Lufthansa Group have so far reimbursed over three billion euros to a total of over seven million customers (as of 30 September 2020). The number of ticket refunds still open fell to around 700,000 transactions worth around 350 million euros. Constantly changing travel restrictions and…

Airbnb: 40% drop in bookings and loss of $276.4 million

4 mins read

The FINANCIAL — Airbnb Inc’s bookings in major cities across the world have plunged. People are deciding to cancel travel plans because of the coronavirus outbreak. Also, there is an increasing number of travel restrictions being put in place around the world. Some online travel companies have already issued warnings. Expedia, which runs sites such…

Airbnb proposes flexible reservation policies over coronavirus

5 mins read

The FINANCIAL — Since the World Health Organization declared a global health emergency for the Coronavirus (COVID-19) outbreak, Airbnb has been closely monitoring official news and guidance in order to support community of hosts, guests, and employees around the world. The new program is called “More Flexible Reservations,” and it has been designed to ”…