
Online Travel Agency Flight Sales Jumped in May – Leisure and Corporate Bookings Fell
Online travel agencies have a tremendous marketing edge over leisure agencies, and corporate travel agencies might be feeling the pinch of macro uncertainties.
U.S. travel agency sales of airline tickets fell 5% overall in May, according to new data from the Airline Reporting Corp. (ARC). But while total sales declined, online travel agencies bucked the trend with growing flight bookings.
ARC, which tracks U.S. travel agency transactions, reported Wednesday that online travel agency (OTA) sales rose 8% year over year last month. Meanwhile, flight sales through traditional leisure agencies dropped 5%, and corporate trav
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles

Yahoo
16 minutes ago
- Yahoo
Jefferson hopes to renew two levies
JEFFERSON — Village council voted to move forward with the renewal of two existing levies to help provide services to residents. The resolutions request the Ashtabula County Auditor certify the total current tax valuation and amount of revenue that would be generated for a 1.55-mill, five-year street light levy and a one-mill, five-year fire levy, to be placed on the November ballot. Council also approved a resolution to establish a K-9 fund to be used for all donations and revenues received for the upkeep and support of the dog. They also approved the hiring of Jeromey Cummins to a full-time detective/patrolman position. Jefferson Village Manager Steve Murphy said he was able to attend a local government conference early this month in Washington D.C. He said he was able to let state and federal officials know where the village is, and urge them to come visit. He said one of the topics of conversation was House Bill 335, which would eliminate property tax inside millage. Murphy said the proposal would cost the village $250,000-$300,000 a year.
Yahoo
20 minutes ago
- Yahoo
Tories challenge Liberals on promised tax cuts
OTTAWA – Daily hot chocolates are off the menu. Fresh from the Parliamentary Budget Officer's new report showing the government's promised middle-class tax cut falling far from what was promised, the last Question Period of the abbreviated spring sitting saw the Conservatives demanding answers. 'Just like Trudeau, he can't even get a tax cut right,' said Calgary East MP Jasraj Hallan, accusing Prime Minister Mark Carney of deceiving Canadians. 'He promised $800, yet the average Canadian will only save $90 this year – not even enough to get a hot chocolate from Tim Hortons weekly.' Despite Carney's election promise that his middle-class tax cuts would save families an average savings of $825 per year, Parliamentary Budget Officer Yves Giroux said that number's actually closer to $280, with most families expected to see savings of around $90 in 2025. Tories accuse PM of thinking about Brookfield's 'bottom line' with EV mandate Pull plug on gas engine ban, Tories urge government Two-income families with a child could see the biggest savings, but no more than $750. 'I recognize the job of prime minister comes with many responsibilities, I didn't know addition and division were one of them,' Carney said in response, pointing across the aisle to jeering Conservatives. 'The Parliamentary Budget Officer refers to the reductions for all Canadians,' he said. 'The vote that the members opposite supported this government on delivers tax cuts for the 22 million Canadians who pay taxes.' The PBO priced the Liberal tax cut at just under $64 billion over five years, while the Department of Finance Canada pegged the cost at $27 billion over the same time period. — With files from The Canadian Press bpassifiume@ X: @bryanpassifiume
Yahoo
22 minutes ago
- Yahoo
Seneca Stock Declines Following Lower Q4 Earnings Despite Sales Gain
Shares of Seneca Foods Corporation SENEA have lost 3.4% since the company reported its earnings for the quarter ended March 31, 2025. This compares to the S&P 500 Index's 0.7% decline over the same time frame. Over the past month, the stock lost 3.7% against the S&P 500's 0.9% rise. Seneca reported net sales of $345.8 million for the fourth quarter of fiscal 2025, up 12.3% from $307.9 million in the same quarter last year. However, net earnings were modest at $0.6 million, or $0.09 per share, against a net loss of $2.2 million or $0.32 per share, in the prior-year quarter. (Find the latest EPS estimates and surprises on Zacks Earnings Calendar.) Full-year net sales rose 8.2% to $1.58 billion from $1.46 billion, driven by higher volumes, favorable mix and pricing actions. Despite the revenue increase, annual net earnings declined 34.9% to $41.2 million from $63.3 million. Earnings per share dropped 31.1% from $8.56 to $5.90 on a diluted basis. Gross margin as a percentage of net sales also compressed notably, from 6.7% to 4.5% for the quarter and from 12.9% to 9.5% for the year. Seneca's adjusted net earnings for the year, which exclude LIFO-related charges, came in at $67.1 million compared with $80.2 million a year ago — a 16.3% decline. This suggests core profitability deterioration despite higher sales, reflecting cost pressures. EBITDA was $136.9 million, down 18.1% from $167.3 million, while FIFO-adjusted EBITDA dropped 9.6% to $171.4 million from $189.6 million, both indicating a weaker operational performance compared to fiscal 2024. Segment-wise, the vegetable division continued to dominate, comprising 91.1% of the food packaging revenues, with canned vegetables alone accounting for 83.2% of total net sales. Canned vegetable sales rose to $1.31 billion in fiscal 2025 from $1.20 billion in 2024, a 9.1% increase. Frozen vegetables rose to $124.7 million from $120.8 million (up 3.2%), fruit products reached $92.4 million from $87.4 million (up 5.7%) and snacks rose to $14.9 million from $13.4 million (up 11.9%). The 'Other' category, including can and seed sales and aircraft operations, posted growth of 1% to $32.5 million from $32.2 million. Seneca Foods Corp. price-consensus-eps-surprise-chart | Seneca Foods Corp. Quote President and CEO Paul Palmby commented on the solid top-line performance despite adverse weather, tariff fluctuations and input cost inflation. Palmby highlighted that strong operating cash flow enabled a $297 million reduction in net debt year over year, which is a significant achievement in a high-cost environment. Nevertheless, he cautioned that high-cost inventories from the 2024 pack continued to compress margins, especially in the fiscal fourth quarter. Several factors weighed on margins and profitability during the fiscal year. The company faced elevated input costs across raw materials, packaging, transportation and labor. Although some cost pressures began to ease in fiscal 2025, they remained above historical levels. Additionally, Seneca struggled to fully pass on these costs to customers in a timely manner, leading to margin erosion. The decline in margins was primarily attributed to higher input costs — including raw materials, labor and distribution — which outpaced the benefits from pricing adjustments. SENEA's use of the LIFO inventory valuation method resulted in a significant charge of $34.5 million for the fiscal year, up 54.3% from $22.3 million in the prior fiscal year, reducing reported profitability. These elevated LIFO charges reflected the cost pressure of high-priced inventory carried into fiscal 2025. In addition, segment-specific dynamics such as commodity volatility and changing consumer demand played roles. The vegetable segment, which comprises 91.1% of food-related sales, faced margin compression even amid volume growth. Despite implementing sales price increases, Seneca acknowledged that these adjustments often lag behind cost escalation, especially in a competitive market landscape. Seneca also cited a rainy growing season as a challenge, likely impacting yields and increasing procurement and processing complexities. The seasonal nature of its operations, particularly in the third quarter, exacerbated cost management issues as inventories and accounts payable peaked during harvest cycles. Seneca did not provide formal earnings or sales guidance for fiscal 2026 in either the earnings press release or the 10-K filing. However, the company did highlight its ongoing efforts to manage costs through short-term supply contracts and operational efficiency initiatives. Management also suggested that certain cost pressures, such as labor and raw materials, had begun to stabilize during fiscal 2025, potentially easing some margin constraints in the near term. Management also highlighted ongoing investment in technology and logistics to drive future margin recovery. There were no acquisitions, divestitures or significant restructuring initiatives disclosed by management for the quarter ended March 31, 2025. SENEA's capital allocation focused on debt reduction, and no dividends were paid. Stock repurchases continued on a modest scale, with 9,891 Class A shares repurchased during February 2025 from the company's employee savings plan at an average price of $79.53 per share. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Seneca Foods Corp. (SENEA) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio