The online travel giant is on its third CFO in under two years.  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

Read online 🚪Expedia's Revolving Door The online travel giant is on its third CFO in under two years. GOOD MORNING READERS. At a time of geopolitical instability knocking the entire travel industry, it’s wise for companies to stay calm. No such thing at Expedia, though, where the CFO has been changed for the third time in under two years. CEO Ariane Gorin took the helm in May 2024, and the company does seem to be going from strength to strength — its stock price has doubled under her leadership. But the company just keeps switching up its CFOs. In March, Scott Schenkel, outgoing CFO, told an investors’ conference that Expedia would be developing a three-year plan that included “financial architecture and operating metrics.” Schenkel’s now been replaced with Derek Andersen, former CFO at social media app Snap. So who knows who’ll be around to implement this three year plan in, say, two years’ time …     Skift Global Forum Skift Global Forum opens on September 22 in New York City with an opening night reception presented by Sierra and two conversations that will set the stakes for everything that follows.  Glenn Fogel, CEO of Booking Holdings, will share with us where global travel is heading. And Bret Taylor, Co-Founder of Sierra and Chairman of OpenAI, will tell us what the AI era actually means for this industry. One evening. Two discussions worth being in the room for. SECURE YOUR SEAT         DON’T MISS THESE STORIES Expedia Abruptly Appoints New CFO — the 3rd Under CEO Ariane Gorin By Dennis Schaal The CFO switch isn't a good look for Expedia during the current tumultuous geopolitical climate and what that means for the travel industry. 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See what 10 industry leaders are doing differently. Get the report.         SKIFT PODCAST NETWORK How Spirit Airlines Fell Apart How did Spirit Airlines go from being one of the most profitable ultra-low-cost carriers in the U.S. to filing for bankruptcy twice in under two years? Our timeline traces the collapse through pandemic recovery setbacks, failed merger attempts with Frontier and JetBlue, thousands of furloughs, and a business model that struggled to adapt. CATCH UP ON SPIRIT AIR’S LATEST NEWS         MORNING HEADLINES Emirates’ Tim Clark Thinks You’ll Forget This Crisis Ever Happened How TV and AI Are Reshaping Travel Demand Abu Dhabi Was a Mistake — Wizz Air’s CEO Says He’ll Make More GMH Bonus: Vrbo’s Tim Rosolio on AI, Supply Boom, and the End of Easy Money in STRs Accor Launches ‘Profit Protection Plan’ to Counter Uncertainty Scandic Hotels Group Moves Closer to Dalata Deal as Leadership Overhaul Begins American Airlines CEO on M&A: We Have a ‘Long History of Being Aggressive’         For $7 a week, Skift gives you something the industry is missing – the full picture. Subscribe today for 25% off.         CHART OF THE DAY Travelers are clearly feeling cost pressures, but instead of cutting travel, they are adjusting how they spend. Discretionary categories such as luxury goods and dining absorb the first cuts, while travel remains a priority. This shift demonstrates that while demand is resilient, pricing within travel must adapt — travelers are becoming more selective, value-conscious, and willing to trade down within categories rather than opt out entirely. SEE THE NEW RESEARCH         SKIFT TRAVEL 200 How are public travel companies performing around the world? The Skift Travel 200 pulls the data you need to understand global market movements. Paid subscribers get full access here. GET TODAY’S INDEX SCORE         See more essential travel news in your search results. ADD SKIFT ON GOOGLE         Thanks for reading. We are switching to a new email platform to improve delivery. What does this mean for you? During this transition, these emails might land in your promotions or spam folder. To ensure you don’t miss out, please move this newsletter to your primary inbox.       DEFINING THE FUTURE OF TRAVEL. 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