Tag: hope

Boeing’s Breakthrough Max Deal Fuels Hope for Travel Rebound

(Bloomberg) — This year’s biggest jetliner deal signals there’s a growing sense of optimism that travel demand will come roaring back from a historic collapse once coronavirus vaccines are widely available.

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Betting that a recovery is on the way, Ryanair Holdings Plc ordered 75 high-density versions of Boeing Co.’s 737 Max in a transaction valued at about $7 billion, said Ryanair Chief Executive Officer Michael O’Leary. As rivals shrink fleets and postpone aircraft purchases, Europe’s largest budget carrier sees an opportunity and is accelerating delivery plans so that it takes all of its 210 Max jets on order by December 2024.

“Travel is going to snap back very strongly,” O’Leary said Thursday in a joint interview with Boeing CEO Dave Calhoun on Bloomberg TV. “This is an order not for next summer. This is for the next five years, the next decade across Europe.”

The deal is a breakthrough for Boeing as it works to bring back the Max after a 20-month grounding prompted by two crashes that killed 346 people. With the plane poised to start flying again after intense scrutiny by global regulators, Ryanair is providing a crucial boost to Boeing’s plans to ramp up work at its 737 factory near Seattle while also starting to clear an inventory of about 450 Max jets that were built during the grounding.

“The forecast for depleting that inventory is roughly a two-year time frame,” Calhoun said. “We are confident that can be done.”

Boeing climbed 1.6% in premarket trading Friday in New York. That added to a 6% surge Thursday that put the stock at its highest price since early March, just before the virus forced nations to seal their borders. Ryanair advanced 4.3% Friday afternoon in Dublin, adding to a 2.7% gain the day before.

Short-Term Weakness

Any airline recovery will come in the wake of an increasingly grim winter travel outlook. As Boeing and Ryanair were touting the coming rebound, Delta Air Lines Inc. warned that it may burn more cash than expected this quarter while Southwest Airlines Co. told more than 6,800 employees that their jobs are at risk in early 2021.

“We all know we’ve got a rough couple of months ahead of us,” Calhoun said. “But that vaccine distribution will change the psychology of the flying public.”

As bookings start to rebound ahead of the summer holiday season in the U.S., “airlines will want to re-establish their leading competitive positions,” he said. “So that usually results in orders.”

Regulators in the U.S., Europe and Brazil have endorsed software revisions and a new pilot training course for Boeing’s best-selling jet. Commercial flights are set to restart next week, with Brazil’s Gol Linhas Aereas Inteligentes SA planning service on Dec. 10. United Airlines Holdings Inc. confirmed that it would take the first post-grounding delivery of the Max.

Ryanair’s commitment gives new sales momentum to Boeing, which had been losing share to rival Airbus SE in the crucial market for single-aisle jets even before the Max

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‘Let it settle first’: Users hope Badger Fire prompts improvements to South Hills recreation | Local

Weeks have elapsed since the last embers of the Badger Fire — which turned decades-old forest growth to ash — were extinguished.

Recent storms have washed small amounts of soot and sand down streams, but the smell of burnt trees and grasses still lingers within the canyon walls.

About this series

This story is the fifth in a multi-part series on the Badger Fire and its effects on South Hills. Read the previous parts at go.magicvalley.com/badgerfire.

Next week’s story explores the science of increasingly large wildfires, how they’re changing the West and how the Badger Fire fits into the new normal for wildfire.

Among the noticeable changes in the South Hills is the noise — or the lack thereof.

The familiar sounds of fall recreation are missing as many trails and roads remain closed.

Gone are the bicycle hubs buzzing on descents of Third Fork, the “BRAPP!” from motorbikes and ATVs among the aspen groves near Bostetter Campground, and the gentle claps of horse hooves from trail riders ascending Badger Mountain.

The forest is nearly silent.

And it’s not clear when recreation will return to the South Hills or what it will look like when it does.

But when it does, the people who use the area say they hope they’ll be involved in making improvements.



Badger Fire damage, outdoor recreation

A man uses binoculars to look

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Covid in Scotland: Travel restrictions and vaccine hope

Welcome

Copyright: Getty Images

Good afternoon and welcome to BBC Scotland’s rolling coverage of
the Covid-19 pandemic in Scotland this Friday, 20 November 2020.

First Minister Nicola Sturgeon will be delivering an
update shortly at the Scottish government’s daily briefing, starting at 12:15.

Ms Sturgeon will be joined by national clinical director Professor Jason Leitch.

You can follow the latest developments right here and watch or
listen live by clicking on one of the tabs above – for coverage on BBC One
Scotland, the BBC Scotland channel or BBC Radio Scotland.

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Testing Trial Stokes London-New York Travel Hope, Telegraph Says

(Bloomberg) — A trial starting Monday to test passengers flying between London and New York for Covid-19 could raise hopes for a potential travel corridor, according the Telegraph.



a group of people standing in a room: NEWARK, NJ - SEPTEMBER 08: People arrive before boarding flights for COVID-19 testing at the new testing facility XpresCheck at Newark Liberty International Airport Terminal B on September 8, 2020 in Newark, New Jersey. Previously, the facility administered tests only to airline employees and related parties. The facility's focus on testing for communicable disease highlights the switch parent company XpresSpa Group has been making from spa services at airports in the midst of the global pandemic. Newark Liberty XpresCheck, which is the second to begin services after New York's JFK Airport, can administer more than 350 COVID-19 tests per day. (Photo by Eduardo Munoz Alvarez/Getty Images)


© Photographer: Eduardo Munoz Alvarez/Getty Images North America
NEWARK, NJ – SEPTEMBER 08: People arrive before boarding flights for COVID-19 testing at the new testing facility XpresCheck at Newark Liberty International Airport Terminal B on September 8, 2020 in Newark, New Jersey. Previously, the facility administered tests only to airline employees and related parties. The facility’s focus on testing for communicable disease highlights the switch parent company XpresSpa Group has been making from spa services at airports in the midst of the global pandemic. Newark Liberty XpresCheck, which is the second to begin services after New York’s JFK Airport, can administer more than 350 COVID-19 tests per day. (Photo by Eduardo Munoz Alvarez/Getty Images)

United Airlines Holdings Inc. said Friday it will offer free rapid tests to all passengers and crew members on select flights from Newark Liberty International Airport to London Heathrow from Nov. 16 to Dec. 11. Anyone who declines to be tested will be placed on another flight, guaranteeing everyone on board other than children under two will have tested negative before departure.

Results will be shared with officials on both sides of one of the world’s busiest routes and may help to persuade government officials to agree to a travel corridor between the nations, the newspaper said.

The U.K. requires passengers arriving from the U.S. to self-isolate for 14 days upon arrival. British Transport Minister Grant Shapps has floated the idea of shortening the quarantine period for visitors by testing people a week after arrival. U.K. nationals are also restricted from U.S. entry.

In other airline news, EasyJet Plc has sold its slots at London Stansted Airport to rival Ryanair Holdings Plc in a deal expected to raise tens of millions of pounds, the Telegraph reported. EasyJet is in talks with the U.K. and European governments on a potential bailout, the paper said.

For more articles like this, please visit us at bloomberg.com

©2020 Bloomberg L.P.

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Orange County comptroller sees signs of hope after September hotel stays bring in $7 million

ORANGE COUNTY, Fla. – Orange County’s comptroller, Phil Diamond, said the tourist development tax dollars from hotel and resort stays around the county continue to go up after the initial plunge this spring due to coronavirus closures.

Diamond announced Monday the September numbers further the trend of increasing collections every month since April.

He said the county brought in TDT collections totaling more than $7 million for the month of September.

[TRENDING: Eta drenches Florida | 2 killed in Orange County crash | Biden names COVID-19 task force]

Diamond said that’s a 60% decrease from the same time last year but he added, in looking at the numbers, there are signs of hope.

When you compare September, which is just over $7 million, to the more than $5.7 million in TDT dollars in August of 2020, that’s an increase of over 22%.

Diamond also said travel has slowly been increasing since the month of April, which he attributed to the fact that there hasn’t been widespread outbreaks of COVID-19 at the theme parks.

Diamond said September is the final collection month for the fiscal year, and in comparing the numbers from 2020 to last year, he said they’ve seen a 41% decrease in collections.

Orange County Mayor Jerry Demings said while the promising COVID-19 vaccine news reported by Pfizer was encouraging, he said they may not see a significant improvement in the TDT numbers until late first quarter or second quarter of 2021.

Copyright 2020 by WKMG ClickOrlando – All rights reserved.

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Airline and cruise stocks rally as Pfizer drug progress spurs hope for travel-industry recovery

norwegian epic cruise ship



Travel stocks surged on Monday after Pfizer’s encouraging vaccine update bolstered hope that the coronavirus crisis may soon end.

Royal Caribbean, Carnival, and Norwegian Cruise Line Holdings all surged more than 30% on Monday morning. United Airlines gained as much as 27%. Delta Air Lines and American Airlines rallied 23% and 26%, respectively, at intraday highs.

The soaring travel giants helped major indexes reach all-time highs on Monday. Stocks rallied in early trading after Pfizer announced its experimental coronavirus vaccine was more than 90% effective at preventing COVID-19 in trial participants. The pharmaceutical company now plans to apply for emergency-use authorization that would allow it to more rapidly distribute the drug.

Read more: 3 volatility experts explain why the VIX has plunged so quickly despite a nail-biting election contest – and share what they are recommending to clients right now

Economists and strategists alike have repeatedly said that containing the virus is critical to driving a full recovery. With cases surging to record highs in the US, a viable vaccine is increasingly viewed as a silver bullet for ending the pandemic.

The travel industry was among those hit hardest by the virus and related quarantines. Airline and cruise stocks tumbled through March as trips were placed on hold and people avoided unnecessary travel. While airlines have experienced a partial recovery, cruises are still under a “No Sail” order from the Centers for Disease Control.

Read more: Morgan Stanley says to load up on these 10 stocks featured on the firm’s ‘buy list,’ which has dominated the broader market this year

While the recently beleaguered sector and broader market swung higher on the vaccine news, stocks that thrived through the nationwide lockdown plummeted. So-called stay-at-home plays including Zoom, DocuSign, and Peloton faced outsized selling as investors bolstered bets on the reopening trade.

The rosy vaccine news also boosted oil prices as traders turned more bullish toward an increase in travel activity. West Texas Intermediate crude oil leaped as much as 11.3%, to $41.33 per barrel, at intraday highs.

Now read more markets coverage from Markets Insider and Business Insider:

A team of Wells Fargo investment strategists who studied the latest election results shares how exactly to play the most likely outcome with stocks, bonds, commodities, and tax strategies

Zoom tumbles 16% as Pfizer’s vaccine success drags on work-from-home stocks

These are the market’s biggest winners and losers of a hectic election week

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Rangers v Lech Poznan: Do Poles travel to Ibrox in hope rather than expectation?

Label
Venue: Ibrox Date: 29 October Time: 20:00 GMT
Coverage: Listen on BBC Radio Scotland and follow live updates on the BBC Sport website and app

Lech Poznan are perhaps best-known outside of their own country for the mass crowd celebration that bears their name.

So impressive a sight is the ‘Poznan’ that it has been adopted elsewhere, not least at Celtic Park where the huddle, when performed by 60,000 fans, is also quite a sight to behold.

Sadly social-distancing and closed stadiums have put an end to any kind of crowd celebrations for the moment, but the Polish club come to Ibrox on Thursday looking to do what no-one has been able to do this season – beat Rangers.

They travel more in hope than expectation, though. Last season’s second-place finish was their best since winning the championship in 2015, but they have made a stuttering start to the new campaign and currently sit 10th in the Ekstraklasa, having won just two of their opening seven games.

In fact, including last Thursday’s 4-2 defeat at home by Benfica, they have failed to win any of their last three matches.

graphic

The odds on a win at Ibrox, where only Galatasaray have scored against Rangers this season, are understandably long. However, the Poles can point to away victories in Europa League qualifying against Hammarby of Sweden, Cypriot side Apollon Limassol and Charleroi of Belgium.

Lech have a reputation for playing attractive football, building from the back and pressing the opposition high but with a real weakness at set-pieces, which Rangers will be keen to exploit.

Players to watch

Pedro Tiba

Their Portuguese captain pulls the strings for Lech. The 32-year-old former Braga and Real Valladolid player scored two in Limassol and one against Hammarby, and also has six assists to his name this season. He missed the weekend draw at home to Cracovia but should be fit to play at Ibrox.

Mikael Ishak

The Swedish forward was brought in over the summer to replace Christian Gytkjaer and will be the greatest threat to Rangers’ proud defensive record. He has notched nine goals in his 13 games for the club – four in the league, three in Europa League qualifying and two last week against Benfica.

Jakub Kaminski

The winger may only be 18 years old but a bright future is predicted for him. He can play on either wing and has featured in all of Lech’s games so far this season, starting 10. There is a feeling in Polish football that Kaminski will be their next big-money export to one of the top European leagues.

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‘Chelsea have quality but we travel in hope; we can leave happy’

“One touch, two. If there are three, something strange has happened.” It’s early evening in Seville, the sun is coming through a crack in the curtain, and as Fernando is discussing his craft, there is a calm, almost peaceful simplicity to the way he talks, which Sevilla supporters have come to see reflected in his play. On Tuesday the former Manchester City midfielder returns to England, but don’t expect to see him on the ball much at Stamford Bridge. That’s not what he’ll be there for.



a man with a football ball on a field: Photograph: Pressinphoto/Rex/Shutterstock


© Provided by The Guardian
Photograph: Pressinphoto/Rex/Shutterstock

“It’s a very hard place to play and we’ll struggle: Chelsea have quality, talented players, but we travel in hope, knowing we can leave happy,” the 33-year-old Brazilian says. Recent history suggests he could be right. It took an extra-time winner for Bayern Munich to defeat Sevilla in the European Super Cup and they land in London as Europa League winners, having defeated Manchester United in the semi-finals and then Internazionale in the final. “I got messages from City fans congratulating me,” he grins. Unbeaten in the league, something is building and if there is a team that can resist, it is they. And if there is a player who can, it is he.



a man with a football ball on a field: Fernando has become a pivotal figure at Sevilla, where he says team morale is unlike anything he has seen before.


© Photograph: Pressinphoto/Rex/Shutterstock
Fernando has become a pivotal figure at Sevilla, where he says team morale is unlike anything he has seen before.

Related: Southampton’s Vestergaard snatches point after Chelsea’s defensive disaster

“Oh, I suffer,” he says smiling, but it doesn’t often look like it. Instead there’s a tranquillity about him. “A brilliant player, so good tactically,” according to his teammate Joan Jordan, “wonderful” in the words of Monchi, the sporting director, he stands at the base of the Sevilla midfield. From there, the man Porto teammates called the Octopus, legs everywhere, reaching everything, applies the lessons learned since arriving in Europe at 19. No one recovers more possession nor completes more passes, the ball won and moved on.

“I was better physically, I ran much more but didn’t run well, didn’t do the right thing. I think much better than I did,” he says. “With experience you play better because your head is better.”

There have been 237 games at Porto, 57 at Galatasaray and 102 at City, plus 44 at Sevilla, each an education. There may have been no teacher such as Pep Guardiola, a coach who makes you fall in love with football, Fernando says. Which may seem a strange thing to say about a manager who gave you five league starts in that final season, and left you heading for the exit. But listening to him, thinking about what he says – and listening and thinking are themes he returns to often – it makes sense. All of it does.

“He’s different,” Fernando says. “Guardiola works with such enthusiasm, studies everything. He’s always searching, trying to understand the game better. Every session is an opportunity. If you play a bad pass, he stops: ‘Why did you play that pass?’”

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Fernando: ‘Chelsea have quality but we travel in hope’ | Football

“One touch, two. If there are three, something strange has happened.” It’s early evening in Seville, the sun is coming through a crack in the curtain, and as Fernando is discussing his craft, there is a calm, almost peaceful simplicity to the way he talks, which Sevilla supporters have come to see reflected in his play. On Tuesday the former Manchester City midfielder returns to England, but don’t expect to see him on the ball much at Stamford Bridge. That’s not what he’ll be there for.

“It’s a very hard place to play and we’ll struggle: Chelsea have quality, talented players, but we travel in hope, knowing we can leave happy,” the 33-year-old Brazilian says. Recent history suggests he could be right. It took an extra-time winner for Bayern Munich to defeat Sevilla in the European Super Cup and they land in London as Europa League winners, having defeated Manchester United in the semi-finals and then Internazionale in the final. “I got messages from City fans congratulating me,” he grins. Unbeaten in the league, something is building and if there is a team that can resist, it is they. And if there is a player who can, it is he.

“Oh, I suffer,” he says smiling, but it doesn’t often look like it. Instead there’s a tranquillity about him. “A brilliant player, so good tactically,” according to his teammate Joan Jordan, “wonderful” in the words of Monchi, the sporting director, he stands at the base of the Sevilla midfield. From there, the man Porto teammates called the Octopus, legs everywhere, reaching everything, applies the lessons learned since arriving in Europe at 19. No one recovers more possession nor completes more passes, the ball won and moved on.

“I was better physically, I ran much more but didn’t run well, didn’t do the right thing. I think much better than I did,” he says. “With experience you play better because your head is better.”

There have been 237 games at Porto, 57 at Galatasaray and 102 at City, plus 44 at Sevilla, each an education. There may have been no teacher such as Pep Guardiola, a coach who makes you fall in love with football, Fernando says. Which may seem a strange thing to say about a manager who gave you five league starts in that final season, and left you heading for the exit. But listening to him, thinking about what he says – and listening and thinking are themes he returns to often – it makes sense. All of it does.

“He’s different,” Fernando says. “Guardiola works with such enthusiasm, studies everything. He’s always searching, trying to understand the game better. Every session is an opportunity. If you play a bad pass, he stops: ‘Why did you play that pass?’” There’s a pause and the Brazilian draws his thumb and forefinger together. “He looks at the tiny details, the smallest advantage. All that makes you improve. I loved him as a coach.

“It’s true that sometimes he puts

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