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Airbnb's Pay-Later Bet, Airline Cyberattacks and a $12.5B Air Traffic Overhaul

Airbnb's Pay-Later Bet, Airline Cyberattacks and a $12.5B Air Traffic Overhaul

Skift7 hours ago
On today's pod we look at Airbnb's book now, pay later options; possible new funding for U.S. air traffic control, and cyber attacks on airline systems.
Skift Daily Briefing Podcast Listen to the day's top travel stories in under four minutes every weekday.
Listen to the day's top travel stories in under four minutes every weekday.
Skift Travel Podcasts
Good morning from Skift. It's Thursday, July 3. Here's what you need to know about the business of travel today.
Airbnb is testing a new feature — Reserve Now, Pay Later — that enables some guests in the U.S. and Canada to make a reservation without paying anything at the time of booking, reports Executive Editor Dennis Schaal.
Prior to these tests, Airbnb guests have either paid the total price at the time of booking or some properties have allowed a partial payment up-front. Airbnb is testing the feature because affordability is a top priority for guests.
The host's experience does not change under the new feature because in the event of a non-payment or cancellation, hosts would receive any payout that their cancellation policy calls for.
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Next, the U.S. Senate on Tuesday advanced a budget bill that includes $12.5 billion in funding for air traffic control upgrades, with allocations for radar system replacements, runway safety technologies, and the continued modernization of the FAA's infrastructure.
Airlines Reporter Meghna Maharishi reports that the bill earmarks $1 billion to support consolidation efforts of terminal radar approach control facilities, also known as TRACONs. Another $100 million is set aside for consolidating air route traffic control facilities.
The provisions are also part of the Trump administration's calls for a complete overhaul of the air traffic control system. The bill will go back to the House for approval of the amended version.
Finally, multiple airlines have reported experiencing cyber attacks on their IT systems ahead of the busy Fourth of July travel weekend in the U.S., writes Airlines Reporter Meghna Maharishi.
Hawaiian Airlines and Canadian carrier WestJet have confirmed that they both suffered cyber attacks in the past week. Australia's flag carrier Qantas said on Tuesday it experienced a cyber attack that breached a third-party customer service platform although the company stated the breach has since been contained.
The FBI recently said that a hacking group called Scattered Spider had started targeting the airline sector. An executive at a cybersecurity firm said that Scattered Spider tends to focus on one sector at a time for a few weeks.
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England's First Luxury Sleeper Train Is Set to Depart in July—With Fine Dining, a Victorian-inspired Bar Car, and a Spa
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The S&P 500 is the most widely quoted proxy for the U.S. stock market, and its performance is constantly reported by the financial news. But it can sometimes be hard for investors to see the index as being composed of 500 individual stocks, rather than being a single entity. Trending Now: For You: If the S&P 500 is up 10% in any given year, for example, it's natural to assume that a stock portfolio is also up in value. But the reality is within that 10% gain, there can be a wide variety of returns, with individual stocks gaining or losing 50% or possibly even more. Over the past 10 years, most stocks in the S&P 500 have done exceedingly well, as the index as a whole posted a total return of 180.5% from June 2015 through May 2025. And while no stocks truly 'tanked' over the past decade, some did actually lose value. Against a backdrop where the overall index nearly tripled investors' money, that's essentially the same as 'tanking.' Here's a look at the unfortunate losers over the past decade, with data from Also find out the top stocks that made the most millionaires in 10 years or less. Total return over the past decade: -5.26% Total return over the past decade: -5.11% Check Out: Total return over the past decade: -2.81% Total return over the past decade: -2.76% Total return over the past decade: -2.61% Total return over the past decade: -2.50% Total return over the past decade: -2.33% Total return over the past decade: -2.24% Total return over the past decade: -2.18% Total return over the past decade: -2.12% Total return over the past decade: -1.95% Total return over the past decade: -1.93% Total return over the past decade: -1.91% Total return over the past decade: -1.39% Total return over the past decade: -0.86% Total return over the past decade: -0.96% Total return over the past decade: -1.70% Total return over the past decade: -0.14% In a 10-year period in which the overall market is screaming higher, stocks that actually lose money clearly had a problem. A number of the stocks in the above list are either real estate investment trusts or energy-related. As both of these industries underperformed the S&P 500 over the past decade, it's perhaps not surprising to see these types of stocks on the list. If those industries recover, shares of these companies should rise as well — although it will still take stock-picking prowess to sort out the winners from the losers. A company like General Mills, on the other hand, is something a bit different. The packaged foods giant has struggled mightily over the past decade, underperforming not just the overall market but its peer group of competitors, as well. This has led to a low P/E of 12.36 and a high dividend yield of 4.49%. But is this a sign of ongoing problems that will continue to drive the stock lower, or will it prove to be a value play for patient investors? Only time will tell. The bottom line is that you should always approach losing stocks with caution. It may take some level of analysis, either on your own or in conjunction with a financial advisor, to determine if a crashing stock is a value opportunity — or a value trap. More From GOBankingRates Warren Buffett: 10 Things Poor People Waste Money On This article originally appeared on 18 Mega Stocks That Have Tanked Over the Past 10 Years: What Went Wrong Sign in to access your portfolio

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