Easyjet revenue collapses 90 per cent amid newest restrictions January 28, 2021 Easyjet today saw total revenue shrink nearly 90 per cent for the first quarter as the coronavirus pandemic showed no signs of abating. The budget carrier started the new financial year as it finished the last one, with revenue slumping to a mere £165m for the three month period. The plunge was announced a day [...]
Wizz Air dives to €116m loss as lockdown restrictions continue to bite January 28, 2021 Budget carrier Wizz Air dived to a statutory loss of $116m (£102m) for the third quarter as further restrictions poured yet more pain on the aviation industry. The Hungarian flier said that revenue plunged 76 per cent in the quarter, falling back to €149.9m. It carried just 2.3m passengers across the three-month period, almost 80 [...]
EU clears 737 Max for takeoff as Boeing plummets to $13bn loss January 27, 2021 The European aviation regulator has today deemed that Boeing’s 737 Max model is fit to return to service after being grounded for nearly two years. The decision by the European Union Aviation Safety Agency (EASA) came as the aerospace giant posted a mammoth $12.8bn (£9.3bn) operating loss. The twin crises of the grounding and the [...]
UK airline bosses warn PM against making all arrivals subject to hotel quarantine January 26, 2021 The bosses of British Airways, Easyjet, Virgin Atlantic, Jet2 and others have written to Prime Minister Boris Johnson to warn him off a blanket policy forcing all UK arrivals into hotel quarantine.
Government set to announce £1,500 hotel quarantine policy for UK arrivals January 26, 2021 Government set to announce £1,500 hotel quarantine policy for arrivals
Long-term funding deal for TfL can ‘fuel’ UK recovery, says network boss January 26, 2021 Transport for London’s (TfL) commissioner this morning said that a long-term funding package for the beleaguered transport network could help fuel the UK’s post-Covid recovery. At the moment, the operator is currently being propped up by the second of two six-month bailouts worth a combined £3.3bn from the government. But come 31 March, TfL will [...]
Hotel quarantine for all could cost the UK half a billion a day, tourism body warns January 26, 2021 A global tourism body has warned that the UK economy could risk losing £548m a day if all incoming travellers are made to quarantine in hotels. The World Travel & Tourism Council (WTTC) said that such a policy would “all but wipe out” international travel – to the tune of £380,000 per minute. WTTC president [...]
TfL boss: Waterloo and City line can be opened “pretty quickly” when demand returns January 26, 2021 Transport for London’s commissioner has this morning guaranteed that the Waterloo and City line will reopen, but said that other lines were currently being prioritised. Andy Byford told City A.M. that the line was still closed for “practical” reasons. “But it absolutely will reopen, the only question is when. That can be a decision that [...]
Cruise operator Saga in talks with lenders as debt mounts January 26, 2021 Over 50s holiday and insurance provider Saga revealed this morning that it is in talks with lenders about its debt levels as restrictions on travel during the pandemic continue to have a negative impact on its business. Saga it has “significant liquidity and headroom to the current covenants in short term bank facilities”, but it [...]
Tourism bodies want way out of ‘catastrophic’ border controls amid risk of repeat of 2020’s £24bn in losses January 25, 2021 Tourism bodies want way out of 'catastrophic' border controls amid risk of repeat of 2020's £24bn in losses