Booking Holdings Sees 40% YoY Growth in Connected Trip Transactions with AI at the Helm
CEO Glenn Fogel highlights the role of AI in their strategy and the growth of alternative accommodations and other travel verticals.
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CEO Glenn Fogel highlights the role of AI in their strategy and the growth of alternative accommodations and other travel verticals.
Reports record full-year revenue of approximately $53 billion
Generated record full year revenue and over $5 billion of pre-tax income, a near doubling over 2022
Operating revenues of $6.344 billion increased 19 per cent from the third quarter of 2022 – Operating income of $1.415 billion, with an operating margin of 22.3 per cent, increased $771 million year over year
Strong demand drives quarterly results above expectations – Increasing full year adjusted EPS guidance to $6.58 – $6.63
Total operating revenues for the third quarter 2023 were $1.3 billion, a decrease of 6.3 percent compared to the third quarter 2022.
Reaffirm guidance: $4.5-$6.5 billion of operating cash flow and $3.0-$5.0 billion of free cash flow (non-GAAP) – Still expect to deliver 70-80 787 and now expect to deliver 375-400 737 airplanes
Operating revenue was down 1.8% from the third quarter of 2022 on 4.1% higher capacity across Hawaiian's network. Passenger traffic remained strong on Hawaiian's Japan routes in the third quarter of 2023. International revenue increased 90.9% from the third quarter of 2022 on a 43.6% increase in capacity.
Total passenger traffic in 3Q23 increased 3.4% YoY
Record third-quarter revenue of approximately $13.5 billion.