During Monday’s Morning trade, Shares of Expedia Inc (NASDAQ:EXPE), gained 0.69% to $124.08.
Expedia, released the second annual report, Preparing for Takeoff: Air travel outlook for 2016, which analyzes global air travel data. Highlighting key trends for both consumers and air industry professionals, this report represents Expedia’s analysis of data powered by ARC in addition to data from other credible industry sources.
Specifically, Preparing for Takeoff: Air travel outlook for 2016 found these key takeaways:
Between October 2014 and October 2015, global air ticket prices declined on average about 8 percent as contrast to the prior year. According to ARC data, the price of travel within Europe declined the most in that timeframe, making these routes among the best potential bargains for 2016.
On the whole, the best time to purchase economy tickets in North America for travel within North America is about two months in advance.
It is difficult to predict the best day of week to find the lowest ticket prices because airlines constantly are adjusting prices. In general, the weekend has become a likely time to achieve savings though the rule of thumb still stands: if there is a good airfare available within the traveler’s budget, buy it.
“We sit in a unique spot – among Expedia, Inc. sites alone we had over 7.5 billion air searches over the past year,” said Greg Schulze, senior vice president, global tour and transport, Expedia, Inc. “Analyzing these massive data sets with our partners at ARC gives us smart insights that we can pass along to travelers. And travelers benefit because even small, simple insights in the booking process – what time of year or day of week to book, for example – can yield noteworthy savings.”
Expedia, Inc., together with its auxiliaries, operates as an online travel company in the United States and internationally. The company operates in two segments, Leisure and Egencia. It provides travel products and services to leisure and corporate travelers, offline retail travel agents, and travel service providers through a portfolio of brands, counting Expedia.com, Hotels.com, Hotwire.com, Classic Vacations, Travelocity, Expedia Local Expert, Egencia, Expedia Cruise Ship Centers, eLong, and Venere.com, in addition to trivago, CarRentals.com, Wotif.com, lastminute.com.au, travel.com.au, Asia Web Direct, LateStays.com, GoDo.com.au, and Arnold Travel Technology.
Shares of Royal Dutch Shell plc (ADR) (NYSE:RDS.B), declined -2.46% to $43.65, during its current trading session.
In advance of completion of its recommended combination with BG Group, Shell (RDS-A) (RDS-B) declared further details of the projected operational and administrative restructuring under consideration. Shell anticipates the restructuring will be required to achieve the predictable benefits of the recommended combination, counting formerly revealed and stated-on pre-tax synergies of $3.5 billion (subject to the bases of belief, principal assumptions and sources of information set out in the Appendix to the declaration made by Shell on 3 November 2015 providing investors with a planned update).
Shell’s expectation is that BG’s business would be integrated into Shell’s businesses. As part of that, Shell proposes that office consolidation will be undertaken where practical in certain locations around the world. With regards to office footprint rationalisation in the UK, Shell will, following deal completion, undertake a comprehensive review during the course of 2016.
Shell presently anticipates an overall potential reduction of about 2,800 roles globally across the combined group, or about 3% of the total combined group workforce. These reductions are in addition to the formerly declared plans to reduce Shell’s headcount and contractor positions by 7,500 globally.
Royal Dutch Shell plc operates as an independent oil and gas company worldwide. It operates through Upstream and Downstream segments. The company explores for and extracts crude oil, natural gas, and natural gas liquids. It also converts natural gas to liquids to provide fuels and other products; markets and trades natural gas; extracts bitumen from mined oil sands and converts it to synthetic crude oil; and generates electricity from wind energy.
Finally, Dynegy Inc. (NYSE:DYN), lost -8.43%, and is now trading at $10.10.
Dynegy, received the “2015 Planned Deal of the Year Award” in recognition of Dynegy’s April 2015 simultaneous acquisitions of Equi Power Resources and Duke’s Midwest generation assets and retail business.
Platts noted that the transactions transformed the company and “shot Dynegy from the eighth to third-largest independent power generator in the U.S. The deal also positioned Dynegy with the largest combined cycle fleet in the two most attractive U.S. power markets, PJM and ISO-NE.”
“We are honored to be recognized by Platts and our industry,” said Robert C. Flexon, President and CEO, Dynegy. “It is the teamwork and ‘can do’ attitude shown by the people at Dynegy, Duke and Equi Power that made these transactions an overwhelmingly transformative success.”
Dynegy Inc., through its auxiliaries, produces and sells electric energy, capacity, and ancillary services in the United States. It operates in three segments, Coal, IPH, and Gas. The company sells its services on a wholesale basis from its power generation facilities.
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