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Airbnb Sees Signs of Rebound; Loss Widens on Debt Payment

Airbnb Sees Signs of Rebound; Loss Widens on Debt Payment
Bloomberg
5/13/2021
Olivia Carville
(Bloomberg) Airbnb Inc. beat analysts’ estimates for bookings in the first quarter, reflecting pent-up demand for travel after a year of Covid-19 restrictions. But the lingering effects of the pandemic could still be seen as the company’s loss ballooned, a result of repayment of debt it took on during the height of the crisis.
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The San Francisco-based company, which went public in December, reported $10.3 billion in gross bookings in the three months ended March 31, a 52% increase from the year earlier period and well beyond the $7.57 billion analysts’ had predicted. Revenue rose 5% to $887 million, also beating analyst’s projections. ....

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Sydney's Swelling Covid Outbreak Risks Scuppering Christmas

Sydney’s Swelling Covid Outbreak Risks Scuppering Christmas
Bloomberg
21/12/2020
(Bloomberg)
Sydney’s 5 million residents are being urged to curb activities over the next few days to avoid fanning a coronavirus outbreak that’s closed state borders and threatens to scupper Christmas festivities.
A new health order from Monday limits gatherings in homes and entertainment venues across metropolitan Sydney for at least three days, while New South Wales state health officials work to trace the source and contain a growing cluster involving 83 people.
“We’re on a precipice,” said Marylouise McLaws, professor of epidemiology, hospital infection and infectious diseases control at the University of New South Wales. A seven-day, Sydney-wide “stay at home” order may be necessary to arrest the spread of the virus, and it would be prudent for residents to curtail holiday festivities if not cancel them altogether, she said. ....

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