About: http://data.cimple.eu/news-article/aadc57711b6e25f005fa07f19b253aa5616ce252ca65fff0a3317f85

Facets (new session)
Description
Metadata
Settings
- owl:sameAs
- Inference Rule:

About: http://data.cimple.eu/news-article/aadc57711b6e25f005fa07f19b253aa5616ce252ca65fff0a3317f85 Goto Sponge NotDistinct Permalink

An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

Attributes	Values
rdf:type	schema:NewsArticle
schema:articleBody	Expedia on Thursday appointed a new chief executive and said it would raise $3.2 billion to ride out the devastating slump in the travel industry linked to the virus pandemic. The online travel booking service will also furlough workers, and its board and top executive will forgo cash pay for the rest of the year, Expedia Group chairman Barry Diller said in a release. Senior executives at the company will take a 25 percent pay cut, according to Expedia. "We have one mandate -- to conserve cash, survive, and use this time to reconstruct a stronger enterprise to serve the future of travel," Diller said. "We are unable to make any predictions as to when travel will rebound but we emphatically believe that it will, for....'if there's life, there's travel'." Expedia board vice chairman Peter Kern was appointed chief executive. The infusion of funding consists of a $1.2 billion equity investment by Apollo and Silver Lake venture firms and $2 billion in debt, according to Diller. Expedia will also begin furloughing employees and reducing work weeks, making sure health benefits remain in place, the company said. The moves comes with airlines, hotels and other travel operators seeing massive slumps as consumers stay at home to ride out the pandemic. Expedia operates a range of online travel sites including Hotels.com, Hotwire, Travelocity, Cheaptickets, Trivago and CarRentals.com, among others. gc/rl
schema:headline	Expedia raising $3.2 bn to weather pandemic hit
schema:mentions	Silver Lake Partners Furlough Private equity Computer virus Apollo program Pandemic Expedia Group Peter Kern (actor) Hotels.com Travelocity CheapTickets Barry Diller Trivago Hotwire.com Expedia
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-04-23 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	61 (xsd:integer)
http://data.cimple...tology#hasEmotion	happiness

Faceted Search & Find service v1.16.115 as of Oct 09 2023

Alternative Linked Data Documents: ODE Content Formats:

RDF

ODATA

Microdata

About

OpenLink Virtuoso version 07.20.3238 as of Jul 16 2024, on Linux (x86_64-pc-linux-musl), Single-Server Edition (126 GB total memory, 3 GB memory in use)
Data on this page belongs to its respective rights holders.
Virtuoso Faceted Browser Copyright © 2009-2025 OpenLink Software