Men’s basketball rebounds from Houston loss with 68-52 victory over Coppin State – The Cavalier Daily

After a resounding loss to No. 15 Houston on Tuesday, Virginia downed MEAC foe Coppin State Friday by a score of 68-52. The Cavaliers (2-2, 0-0 ACC) once again reached deep into its bench against the Eagles (1-6, 0-0 MEAC), with Coach Tony Bennett employing various rotations featuring some newcomers. 

The Cavaliers witnessed a completely different start to the game against the Eagles after notching eight unanswered points in the first four minutes. With Coppin State struggling against the Pack-Line, Virginia surged to a 19-4 lead and never looked back. A notable appearance from the Cavalier bench came from freshman forward Igor Milicic Jr. — a 6-foot-10 guard/forward from Croatia — who tallied a quick five points after a three-pointer and midrange jumper. 

In a somewhat slow finish to the half, the Eagles cut the advantage to 30-20 yet saw the Cavaliers regain some momentum after a five-point run. Virginia — having struggled a little offensively — managed to contain Coppin State’s volume shooting, as the Eagles completed only 7 of their 27 field goal attempts in the first half. Moreover, the Cavaliers — who failed to slow Houston down from the three-point arc — limited any quality attempts from Coppin State to cash in from deep.

More of that defensive tenacity from the Cavaliers continued into the second half, as a 44-26 advantage seemed to put the game out of reach. Although Coppin State clawed back to narrow the lead to 12, four free throws from senior forward Jayden Gardner and a dunk from sophomore forward Kadin Shedrick once again extended the margin of victory to 19 with 7:49 to play. In a return to normalcy with regards to the Pack-Line’s efficiency, the Cavaliers ended their non-conference contest with a 68-52 win against the overpowered Eagles.

“I think he’s just a relentless worker,” Bennett said of Milicic Jr. “He’s always spending time, whether or not it’s an off day, he’s in the gym getting shots up. He’s trying to learn and understand. He’s really been a perimeter player his whole life. When we looked at him sometimes, we’ll play him at the four spot, sometimes we’ll play him at the perimeter spot.”

Milicic Jr. notched 11 points in his coming out party for the Cavaliers, as he joined Gardner, Shedrick and senior guard Kihei Clark as the four Virginia players who scored in double digits. Gardner re-established his role as top interior scorer for a team desperately needing offensive production, having recorded 14 points and 12 rebounds in the win. Shedrick — who was somewhat of a question mark before the season —  had three blocks in his third consecutive game with three or more rejections. 

Although the Cavaliers came out with a victory, ball security remained a serious concern.  Bennett’s teams have typically garnered national attention for controlling the pace of play, yet emerging offensive woes have led to some carelessness with the ball. Virginia ended the game with 11 turnovers — the same mark as the Eagles albeit a slight improvement from the 17 turnovers against Houston.

Virginia will likely adjust to their signature, slow style of play and will continue to search for their offensive identity. Players such as sophomore guard Malachi Poindexter — a Charlottesville native who recorded a career-high 14 minutes of play — will be circulated into the lineup at times as Bennett experiments with the new personnel at his disposal. This is the norm for Virginia teams during the non-conference slate, as newcomers like Milicic Jr. have shown moments of brilliance even in limited action.

The Cavaliers will now travel to Newark, N.J. to take on a more formidable foe — the Georgia Bulldogs — in the 2021 Legends Classic Monday. The winner between the two will go on to play either Northwestern (4-0) or Providence (4-0) in the finals of the four team tournament. Regardless of outcome, the Cavaliers will have another game Tuesday, either competing in the championship or the third-place game.  Another story to note, former Cavalier and Georgia transfer Jabri Abdur-Rahim will take on his old team in an unlikely matchup between the ACC and SEC on a neutral site. Tip-off is scheduled for 7 p.m. and the game will be televised on ESPNU.

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Air Canada Posts Smaller Quarterly Loss as Travel Demand Improves | Investing News

(Reuters) -Air Canada reported a smaller quarterly loss on Tuesday, as Canada’s decision to open its borders to fully-vaccinated travelers and improving COVID-19 inoculation rates drove bookings at the country’s largest carrier.

North American airlines have reported upbeat results this quarter as vaccinated travelers, who have not seen friends and family for over a year, take to the skies.

Canada’s decision to open its borders also benefited Air Canada, which generated net cash of C$153 million ($123.34 million) in the third quarter, compared with its earlier expectation of a net cash burn between C$280 million and C$460 million.

“We are encouraged by the favourable revenue and traffic trends in the third quarter” Chief Executive Officer Michael Rousseau said in a statement.

Air Canada reported a loss of C$640 million, or C$1.79 per share in the quarter, compared with a loss of C$685 million, or C$2.31 per share, a year earlier.

Operating Revenue rose to C$2.1 billion, from C$757 million, a year ago.

($1 = 1.2405 Canadian dollars)

(Reporting by Nathan Gomes in Bengaluru; Editing by Shailesh Kuber)

Copyright 2021 Thomson Reuters.

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Travel agency H.I.S. expects record 53 bil. yen loss amid pandemic

Travel agency H.I.S. Co. said Saturday it expects to report a record net loss of 53 billion yen ($465 million) for the year ending this month, its second straight year in the red, as the coronavirus wreaks havoc on the industry.

The Japanese firm’s latest result follows the 25 billion yen loss it made in the previous fiscal year. Revenue for the current year is expected to fall 70 percent to 125 billion yen, it said, adding it will not pay an annual dividend.

H.I.S. logo (Kyodo)

Nearly 80 percent of the company’s revenue comes from services linked to overseas travel.

H.I.S. in September sold its head office in Tokyo for 32.4 billion yen to improve its financial position. It also plans to raise 21.5 billion yen through third-party allotment and issuance of share warrants, it said.

Its rival JTB Corp. has also been undertaking restructuring efforts including the sale of offices.

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U.S. Travel: Pandemic Business Travel Loss to Cost Hundreds of Billions

The business travel and group meeting sector of the U.S. economy in 2020 missed out on $211 billion in revenue because of the pandemic and will miss out on plenty more in the coming years, according to a new U.S. Travel Association and Tourism Economics projection. 

“Before we get whole” in 2024, “we will have lost $522 billion in spending,” said Tourism Economics president Adam Sacks during a U.S. Travel Association press conference Wednesday. He added that international business travel losses would add another $77 billion to the total.

The transient travel and group sector of the economy in 2019 generated $270 billion in direct travel spending, supporting 4 million U.S. jobs, according to U.S. Travel.

While there were promising strides made toward recovery throughout the spring and summer during the Covid-19 vaccine rollouts, Sacks noted that the intent to return to business travel has taken a hit in recent weeks. Based on Global Business Travel Association surveys, about 65 precent of U.S. companies are conducting domestic business travel. Of the rest, 68 percent in July planned to resume travel within one to three months but by August, that percentage fell to 35 percent as Covid-19 cases started to rise again and the delta variant spread.

His remarks were part of the U.S. Travel Association’s pitch for the return of business travel and meetings and events, aimed to demonstrate that they could be and have been resumed safely, and that they were instrumental to the recovery of the U.S. economy. 

Resuming business travel and meetings “will greatly accelerate America’s economic recovery and get businesses moving forward again in a profitable way,” said U.S. Travel president and CEO Roger Dow, criticizing what he characterized as a media focus on event cancellations even as in-person meetings now are safely taking place. “Every piece of evidence that we’re seeing from the scientific and academic community tells us that, with the right practices in place, the traveling workforce and organizers of professional events can get back to the business of reconnecting with clients and colleagues.”

Dow cited research from Mayo Clinic that showed the risk of a person becoming infected with Covid-19 boarding a flight from the U.S. to the U.K. in which passengers were tested for Covid-19 beforehand is one out of 10,000. That study also found that the risk of an infected passenger transmitting the virus to another passenger on a Covid-tested flight from the U.K. to the U.S. was one out of 1 million passengers. 

Dow also noted that “lockdowns and restrictions are no longer protecting us from the disease,” he said. “Vaccines are. We are 100 percent behind encouraging all that are eligible to get the vaccine. It’s the fastest path to normalcy for all.”

Still, U.S. Travel earlier this week indicated that it does not support mandatory vaccination requirements for domestic travel. Dow said such mandates are extraordinarily difficult to put in place, then cited the challenge during the past 11 years of trying to get the U.S. Real ID in use. “The other challenge is you have upwards of 65 percent of the population vaccinated and 35 percent to 40 percent that for some reason may not be able to be vaccinated but they are willing to do a Covid test and show that when they walk in the door, they are Covid-free,” he said.

“For international travel, we are comfortable with having people coming into the country to have a vaccine if that is the way we start travel,” Dow continued. “The meetings and conventions industry has taken the protocols, we have the ability to know who is coming in the door, what their status is, and if we do not bring back these meetings, it’s not just the hotels and convention centers, but it’s all the things that happen with meetings, it’s adult education, it’s learning best practices, it’s selling American products. And all of those things are so critical to our economy and our communities.”

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easyJet reports huge loss but looks forward to brighter summer | News

easyJet has reported a first-half pre-tax loss of £701 million as the Covid-19 pandemic continues to take a toll on the aviation sector.

This compares to a profit of £193 million year-on-year.

Passenger numbers for the six months ending March 31st slumped by 89 per cent to 4.1 million, while total revenue sank by 90 per cent to £240 million.

The airline expects to fly just 15 per cent of 2019 capacity levels in the third quarter of its financial year.

However, the low-cost carrier forecasts capacity levels will start to increase from June onwards.

The airline said the results are in line with expectations and it is “encouraged by the reopening of travel across much of Europe”.

easyJet chief executive, Johan Lundgren, said: “With leisure travel taking off in the UK again earlier this week where we are the largest operator to green list countries and with so many European governments easing restrictions to open up travel again, we are ready to significantly ramp up our flying for the summer with a view to maximising the opportunities we see in Europe.

“We have the ability to flex up quickly to operate 90 per cent of our current fleet over the peak summer period to match demand.

“We know there is pent-up demand – we saw this again when green list countries were released and added more than 105,000 seats – and so we look forward to being able to help many more people to travel this summer.”

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Three Takeaways from the LA Clippers’ Loss to the New York Knicks

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A $1.2 billion loss for Delta, but recovery is on the radar

Delta Air Lines says it lost $1.2 billion in the first quarter, but the airline thinks it can be profitable by late summer unless there’s a resurgence of COVID-19

Delta Air Lines lost $1.2 billion in the first quarter but executives said Thursday that the airline could be profitable by late summer if the budding recovery in air travel continues.

CEO Ed Bastian said Thursday that ticket sales have been stronger in the last two weeks than at any time since the pandemic hit the U.S. last year. Right now it’s mostly vacationers booking trips to mountains, beaches and resorts, but he expects business travel to come back by late summer or fall as more Americans are vaccinated against COVID-19.

“It’s clear that our business is turning the corner and we’re moving into an active recovery phase,” Bastian said in an interview. “We see the business continuing to improve as consumer confidence grows.”

Airlines are adding flights for the summer vacation season in the expectation that passengers will show up. American Airlines said Wednesday that it expects to run about 90% of its U.S. pre-pandemic schedule this summer.

The only threat Bastian sees to the recovery is a resurgence of the virus. Delta’s view – that it sees “a path to profitability in the September quarter” – assumes that the U.S. will reach so-called herd immunity and slow the spread of COVID-19 by late spring or early summer.

As bookings rise, Delta on May 1 will stop blocking middle seats, a policy it adopted in the early days of the pandemic to reassure nervous flyers. This week, the U.S. Centers for Disease Control and Prevention published a study estimating that leaving middle seats empty reduces the risk of COVID-19 transmission by up to 57%.

Airline industry officials faulted the study, which didn’t consider face masks and vaccinations, and Bastian said it will not cause Delta to reconsider selling every seat.

“We said all along we will sell those middle seats when customers are confident and comfortable sitting there, and the science has given us that confidence around the vaccinations,” he said. “What we’re seeing now in April is our planes are pretty full, so we need to sell those middle seats.”

Bastian said 75% of Delta’s corporate-account customers say they expect to be fully vaccinated by Memorial Day, and he believes that will set the stage for road warriors to begin returning in large numbers by late summer or early fall.

International travel will come back more slowly. Bastian said that if governments ease restrictions, travel between the U.S. and the United Kingdom could recover quickly, but significant travel to continental Europe, Asia and South America is probably six months to a year away.

U.S. airlines are looking to bounce back from the worst year in their history. Delta lost more than $12 billion in 2020, much of it in restructuring charges, but is recovering thanks in large part to more than $11 billion in federal pandemic-relief cash and loans.

Without the federal aid and other non-repeating items, Delta’s first-quarter loss would have been $2.9 billion. The adjusted loss was $3.55 per share. Wall Street expected Delta to lose $3.13 per share, according to a FactSet survey of 17 analysts.

Revenue fell 60% from a year ago, to $4.15 billion, topping analysts’ expectation of $3.94 billion.

Delta is the first U.S. airline to report results first-quarter results. All the others are expected to post losses too. Analysts believe that Allegiant Air, a smaller airline geared to leisure travel, will be the first sizeable U.S. carrier to turn a profit, but not until the second quarter.

Delta shares ticked higher before the opening bell.


David Koenig can be reached at

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Aegean slumps to full-year loss in Greece | News

Greek airline Aegean has reported a pre-tax loss of €297 million for financial 2020 as the Covid-19 pandemic took a toll on the aviation sector.

The figure is in comparison to a profit of €107 million for 2019.

Dimitris Gerogiannis, chief executive of Aegean, commented: “Last year was certainly the most difficult year in aviation history.

“From the onset of the crisis we have worked diligently to manage the challenges of this special period.

“We continue to work to further enhance our resilience and competitiveness but also to develop new services for our passengers to be more effective once restrictions are gradually lifted.

“Naturally, the completion of the upcoming share capital increase is another important step in this process.”

The resurgence of the pandemic, and the renewed restrictive measures imposed on travel in Europe and in Greece, heavily impacted the activity of the group in the fourth quarter.

Traffic was down 85 per cent in the last three months of the year, when compared to 2019.

Over the whole year, the carrier welcomed 5.1 million passengers, down from 15 million in the prior year.

“We expect gradual but significant recovery in the second half 2021 and onwards, provided that the recently improved vaccination rate continues, and the EU digital green passport is implemented successfully no later than the end of June,” added Gerogiannis.

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