Global airfares, hotel rates to rise in 2019 – industry forecast

* Global airfares to rise 2.6 pct, hotel rates up 3.7 pct * Asia, Europe to see biggest price increases * Downside risks from trade war By Jamie Freed SINGAPORE, July 24 (Reuters) – A strong global economy and rising oil prices are expected to push up the cost of air travel in 2019, with fares seen rising 2.6 percent and hotel rates up 3.7 percent, although there are downside risks from a trade war, according to an industry forecast. 

EXCLUSIVE-General Electric’s power unit faces threat in Saudi Arabia

(Updates July 19 story with additional comment from GE, Saudi Electricity comment and GE results) By Alwyn Scott and Stanley Carvalho NEW YORK and ABU DHABI, July 19 (Reuters) – One of General Electric Co’s largest and most valuable customers, Saudi Arabia, is lining up competitors to bid against GE for lucrative power plant work, according to five people familiar with the situation. 

UPDATE 3-Weak summer fares, strikes clip Ryanair’s wings

* CEO warns pilots of job losses * Says to meet annual profit target despite strikes * Q1 Profit falls 20 pct y/y but ahead of consensus * Hot weather, strikes push down average fares (Updates share price, adds analyst quote) By Conor Humphries DUBLIN, July 23 (Reuters) – Ryanair warned investors of more strikes and weaker ticket prices this summer, pushing its shares down sharply, as it heads into the worst week of stoppages it has faced in more than three decades of flying. 

Ryanair says summer fares weaker than expected

By Conor Humphries DUBLIN, July 23 (Reuters) – Ryanair on Monday warned that average fares would be lower than expected during its key summer period due to high competition, unusually hot weather in Northern Europe and uncertainty caused by a series of strikes.