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The hardest decline of the last 33 years in the US travel industry

The hardest decline of the last 33 years in the US travel industry
Travel industry forms in the US have experienced the hardest depreciation of the last 33 years. The travel industry and tourism companies suffered sharp declines following President Trump’s announcement last Thursday that European flights were suspended due to the coronavirus outbreak for 30 days.

According to the news created by the statistical database Statista on Yahoo Finance data, the travel industry has experienced the most severe decline since 1987. Industries such as airlines, cruise, and online reservation platforms have been badly affected.

The Cruise Companies have losses of over 30%
The top three US cruise companies suffered more than 30% loss in stock market shares. Airlines and online booking companies have also suffered double-digit losses. Cruise companies like Norwegian Cruise Line suffered 35.8% losses in shares. Royal Caribbean experienced a loss of 31.8%, and Carnival suffered a loss of 31.2%.

Status of the Airline Companies

While United Airlines suffered 24.9% losses, Delta Air Lines suffered 21% and American Airlines 17.34%. Online reservation platforms ,such as Expedia (15.2%) and Booking Holdings (11.2%), have also suffered losses in the stock market.

Coronavirus Precautions from Turkish Airlines

Announcement from THY: “As Turkish Airlines, our top priority is the safety and health of our passengers and teams. From the first days of COVID-19 news reports, Turkish Airlines has followed the developments closely, evaluated possible scenarios at the highest level, and took all additional necessary measures. All the cabins in our international flights, the interiors of our passenger buses, our passenger lounges, and ticketing areas are going through a detailed cleaning process. This process includes a disinfectant steaming treatment, which has been proven effective against viruses, including the new coronavirus known as COVID-19.

Additionally, Turkish Airlines has announced that ticket changes will be made free of charge for passengers who have canceled flights departing from Germany, France, Spain, Austria, the Netherlands, Belgium, Sweden, Norway, and Denmark.”

 

AMAZON purchases a Turkish company

 Although it did not draw a lot of attention, DataRow, a technology company of Turkish origin, was bought by Amazon. DataRow, which makes it easier for users to work on Amazon Redshift, was founded in 2017 by Eren Baydemir and Can Abacigil and is currently operating from San Francisco. 

DataRow's parent company, TeamSQL, is still operating in Istanbul. Although there was no official announcement of how much was acquired for this company that two young people created and sold to the biggest company in three years, DataRow's team would continue to work within the Amazon family.

In addition to this beautiful success story, the number of big or small Turkish companies working in the start-up field in Silicon Valley is around 100! Likewise, the number of Turks working in technology companies around the world has exceeded 500. Many of our young engineers work in the world's best companies, including Facebook, Microsoft, Apple, and Twitter. I believe that soon Turkey will make a much larger leap into the IT sector, making us proud.

Belgin Aksoy meets with Oprah in New York

Oprah Winfrey, famous American talk show host, started her 3-month tour - titled "Oprah's 2020 Vision: Your Life in Focus" - during which she will be visiting most of the states in the US to talk about the balance between mind,  body, and soul.

Former First Lady Michelle Obama was one of the speakers during the Brooklyn leg of her tour - which took place at Barclay's Center and featured the leaders of the wellness industry and changemaker celebrities among the guests. Belgin Aksoy - the person who introduced the "Global Wellness Day" to the world - drew attention by meeting with Oprah.

Belgin Aksoy, who spoke about the sentimental moments of this meeting, said that "While residing among the audience crowd of 15,000,  I smiled to myself when I heard Oprah talking about the Global Wellness Day, and thought about how strong each one of us is." Last year, Winfrey also supported the Global Wellness Day via the congratulatory video, which she shared through all of her social media accounts. Aksoy also noted that the moment she thanked Oprah in person for her support "will always be one of the most unforgettable moments" of her life.

 Aksoy also invited Oprah Winfrey to Turkey by presenting her a special invitation letter for the 8th anniversary of the Global Wellness Day which will be celebrated on June 13th, at more than 7,000 locations and 150 countries with free-to-participate events.

  • Published in Women

THY EXECUTIVE ILKER AYCI SPEAKS AT UN

Ilker Ayci was among the keynote speakers of the International Day of Women and Girls in Science event which took place at the UN General Assembly Hall and organized by the Royal Academy of Science International Trust (RASIT) which is being chaired by Dr. Nisreen El-Hashemite - a descendent of the Iraqi royal family and a Faysal I of Iraq.

Following the opening speech of Tijjani Muhammad-Bande, president of the 74th session of UN General Assembly, Ayci first noted that Turkey is one of the pioneer countries when it comes to women's rights, and also stated that as a flag carrier THY is proud of Turkish women's role in the aviation sector since 1930s.

Ayci, reminding that the first [female] combat pilot in the history was Sabiha Gokcen from Turkey, made an emphasis on the fact that women were increasingly participating in active roles since the establishment of THY in 1933.

Ayci also noted that 46% of THY's workforce is comprised of women and that they are working to increase this percentage to create full gender equality. He also said that THY, with their 211 female pilots in the workforce, is one of the airlines in Europe with the highest amount of female pilots.

Ayci made the following remarks in his speech:

"Our steadfast support for women is not only in the business sector. As Turkish Airlines, we believe in gender equality in sports as well and as a company that believes in the power of sports, we support certain athletes, teams, and tournaments worldwide with pleasure."

Ayci said that THY supports gender equality, and also talked about the institution's environmental awareness. Aycı said that as Turkish Airlines, they embrace a versatile approach, from developing alternative fuels to zero-waste projects.

During the two day program, Selin Sevimli - youngest female pilot Turkish Airlines -, Captain Pilot Ahu Nur Turkoglu and engineer Elif Ozsoy also spoke and shared their experiences with the audience.

Among the speakers of the event were diplomats, "Fortune 500" company executives, academics from all over the world, and representatives from nongovernmental organizations.

For the last five years on February 11th as a part of the celebrations of International Day of Women and Girls in Science, RASIT is organizing this 2-day meeting in the UN Headquarters for increasing the women's role in science. These meetings are hosted by Malta and serve as a platform for the exchange of ideas on gender equality.
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