MGM Resorts International announced that it is offering 40.9 million shares of its common stock and that its largest stockholder, Tracinda Corp., is offering 27,782,000 shares of its common stock pursuant to an effective registration statement. Barclays Capital Inc. is the sole underwriter.
Amadeus and Concur said that they would showcase the new integrated corporate travel and expense claim solution, Amadeus eTravel Management (AeTM) integrated with Concur’s expense solution, at the ACTE Global Education Conference in Berlin. The integrated solution can be requested immediately though Amadeus and Concur reseller partners or direct sales teams.
US Airways Group, Inc., said that its mainline revenue passenger miles (RPMs) for September were 4.9 billion, up 7.5 percent versus September 2009. Mainline capacity was 6 billion available seat miles (ASMs), up 3.8 percent versus September 2009. Mainline passenger load factor was a record 82.1 percent for the month of September, up 2.8 points versus September 2009.
Vail Resorts is investing around $80 million dollars across Vail, Beaver Creek, Breckenridge, Keystone and Heavenly Resorts for the 2010-11 ski and snowboard season. Additionally, RockResorts is celebrating several new property openings.
Sabre Holdings has bought f:wz, a leading provider of flight planning solutions. This acquisition will enhance Sabre AirCentre Enterprise Operations suite of flight planning products and services.
Southwest Airlines said it is buying AirTran Airways in a $1.4 billion deal that is a combination of cash and Southwest common stock.