Anti-vaxxers may lose travel insurance over Covid vaccine refusal November 17, 2020 Anti-vaxxers may risk invalidating their travel insurance if they are medically able but decline to have the coronavirus vaccine, an insurance expert has warned. Medical underwriting specialist and travel insurance expert Tricia Tietema told City A.M she would expect that those who are medically able to have the coronavirus vaccine, should one become available, but [...]
Budget carrier Easyjet posts first ever full year loss November 17, 2020 Easyjet today fell to the first loss in its history as the full impact of the coronavirus pandemic was revealed. The low-budget carrier posted a reported loss before tax of £1.2bn for the year ending 30 September after the worst crisis in aviation history. Passenger numbers halved over the course of the year, falling from [...]
UK and US sign aviation agreement to protect vital travel links November 17, 2020 The government has today signed a deal with the US ensuring that aviation links can continue unchanged after 1 January. The new Air Services Agreement will replace the existing EU-US deal, which will cease to apply to the UK deal when the Brexit transition period ends. The transatlantic air travel market is one of the [...]
Swissport axes 3,000 jobs after ‘refusing’ to access furlough scheme November 17, 2020 Baggage handler Swissport is making 3,000 employees redundant after refusing to put them on furlough, according to a leading union. There was a wave of redundancies ahead of the 31 December deadline for the furlough scheme, which sees the government pay 80 per cent of employees’ wages. The Chancellor Rishi Sunak belatedly extended the scheme [...]
Transport for London to begin e-scooter trials in the spring November 17, 2020 Transport for London (TfL) will begin trialling rental e-scooters in the spring, it was announced today. The transport network will work with London Councils to select three companies for the trials, which will take place across all London boroughs that wish to take part. Trials will last for 12 months, with roughly a third of [...]
Tesla shares pop again on confirmation that firm will join S&P 500 November 17, 2020 Tesla shares jumped 14 per cent yesterday after it was announced that the electric car maker would join the S&P 500 index in December. The admission comes on the back of five consecutive quarters of profit at the California-based firm, which has thrived amid the coronavirus pandemic. Shares in Elon Musk’s company have risen around [...]
British Airways owner IAG will reportedly cut Air Europa purchase price to €400m November 17, 2020 British Airways owner IAG has reportedly managed to cut the price of its acquisition of Spanish airline Air Europa to €300m-€400m. A year ago, the airlines group agreed a €1bn deal to buy the low-cost carrier, but the deal has been delayed due to the coronavirus pandemic. But Spanish news site El Confidencial today said [...]
Whinging car giants are giving business a bad name November 17, 2020 News broke last week that the UK government is reportedly planning to ban sales of new petrol and diesel cars from 2030. As night follows day came the inevitable howls from the car industry. It’s not possible. It’s all too quick. Our societies are not ready for it. And on it goes. The reality is [...]
Airline stocks take flight again on Moderna vaccine success November 16, 2020 Airline stocks took flight in the last few minutes as Moderna revealed that its coronavirus vaccine was 95 per cent effective. For the second Monday in a row, shares in listed carriers have soared on the back of announcements regarding vaccines. Last week Pfizer said that its vaccine, which it has developed with Biontech, was [...]
Rishi Sunak considers new UK road pricing scheme to plug £40bn black hole November 16, 2020 Plans to charge motorists to use the UK’s roads are being considered by chancellor Rishi Sunak in a bid to claw back £40bn in tax revenues lost by switching to electric cars. Sunak has been given the new Treasury proposal in light of Boris Johnson’s plan to ban the sale of new petrol and diesel [...]