Global Airline Industry Takes a Hard Fall
18The airline industry faces a dismal two years post-pandemic also, says data research as airlines see a drop of 80 percent in capacity. The International Air Transport Association (IATA) said the sector could lose a quarter of a trillion dollars in revenues this year. The vibrant, healthy airline industry will lose several years of growth […]
COVID-19 Dents Telecom Industry Revenue
46Telecom stocks are the all-time tough stocks that survive stock market volatility. But the recent coronavirus COVID-19 pandemic that is buffeting the stock market may have an adverse impact on the telecom industry revenue which is stable, high performing, according to a financial analyst. The reason being the giants in the telecom industry have diversified […]
Airbnb Drops Internal Valuation by 16 Percent to $26 Billion
43Airbnb, the home-sharing business, has dropped its internal valuation to $26 billion, a drop of 16 percent from its most recent valuation, due to massive cancellations across the world following the spread of the coronavirus COVID-19. Airbnb’s last round of funding was in 2017 when it was valued at $31 billion. The short-term rental business […]
