Customs chaos looms as ‘haulier’s handbook’ delayed for a month November 11, 2020 Hauliers will have just three weeks to familiarise themselves with the new regulations for transporting goods into the EU from 1 January, it was revealed today. The so-called “Hauliers’ handbook” had been due to be released at the beginning of November but will now be unveiled in full on 7 December. Speaking to the Parliamentary [...]
Heathrow passenger numbers fall for eighth straight month November 11, 2020 Passenger numbers at Heathrow Airport fell for the eight month in a row in October as the government’s travel quarantine regime continued to hammer aviation. The number of people passing through the UK’s largest airport fell 82.4 per cent last month to just 1.2m passengers. The figures came with warnings that November would see an [...]
Ryanair back at 80 per cent passenger capacity by summer, O’Leary predicts November 10, 2020 Ryanair boss Michael O’Leary today said that he expected the airline’s passenger numbers to return to 75 per cent to 80 per cent of pre-pandemic levels next summer. Speaking to a travel conference this morning, the Irish businessman said that he expected to see a surge in tourism as soon as travel restrictions are lifted. [...]
Meggitt shares continue to soar but profit set to halve November 10, 2020 Shares in aerospace engineer Meggitt jumped 12.8 per cent this morning despite warnings that profit would halve for the full year. In a third quarter trading statement, the FTSE 250 firm said that the global aerospace sector was still “weak”, with revenue down to £384m in the period. Across the nine months to date, it [...]
Norwegian Air to run out of cash within months November 10, 2020 Embattled Norwegian Air this morning warned that it could run out of cash in the first quarter of 2021, unless it manages to find a fresh source of financing. Reporting its third quarter results, the low-cost carrier said: “Norwegian is dependent on additional working capital in order to continue operating through the first quarter of [...]
Winners and losers: Stocks soaring AND plummeting as Pfizer reports Covid-19 vaccine breakthrough November 9, 2020 US pharma giant Pfizer reporting today that early studies of its Covid-19 vaccine are 90 per cent effective has sent markets into a frenzy, with travel and hospitality stocks shooting up while food delivery services and video conferencing software providers plummeted. Jet engine maker Rolls-Royce saw the biggest change on the FTSE 100, surging 43 [...]
Airline stocks soar on Pfizer Covid-19 vaccine breakthrough November 9, 2020 Airline stocks soared this morning after US pharmaceuticals giant Pfizer reported that early studies suggested its Covid-19 vaccine is 90 per cent effective. Pfizer and its German partner BioNTech are the first firms to show successful data from a large-scale clinical trial of a coronavirus vaccine. The companies said they have so far found no [...]
Living up to the hype? Virgin Hyperloop uses its top executives as guinea pigs in first human tests November 9, 2020 Virgin Hyperloop uses its top executives as guinea pigs in first human tests
English airports will close without government support, AOA warns November 6, 2020 The Airport Operators Association (AOA) has written to the Prime Minister to call for urgent support to help protect airports following restrictions on international travel announced as a part of England’s second national lockdown. In a letter to Boris Johnson the trade body said airports would like to remain open throughout the lockdown, but without [...]
Bentley gently goes green: Electric-only by 2030 November 6, 2020 Luxury carmaker Bentley has committed to switching to a fully electric vehicle line by 2030 with the aim of being an “end-to-end carbon neutral organisation”. Following the introduction of the first electric model in 2024, the carmaker has said it will only offer plug-in hybrid and electric models within its 2026 range. By 2030 this [...]