London advocacy groups call for Waterloo and City Tube line to reopen August 17, 2020 London lobby groups have called for the reopening of the Waterloo and City Tube line to help increase the number of people going back to their offices. The shuttle service – which travels between Bank and Waterloo stations – is the only Tube line still not operating, after Transport for London (TfL) restricted public transport [...]
Ryanair to cut flight capacity after coronavirus upsurge hits bookings August 17, 2020 Ryanair today said it will cut its flight capacity 20 per cent during September and October after increased coronavirus restrictions hit bookings. The budget airliner said a recent upswing in coronavirus cases in some European countries had particularly hit business bookings. Ryanair last month cut its passenger target to 60m for the financial year to [...]
Easyjet confirms closure of Stansted, Southend and Newcastle bases August 17, 2020 Easyjet has confirmed it will close its airport base at Stansted from 1 September, as the coronavirus pandemic severely dents demand. The budget airline is also shutting its bases in Southend and Newcastle, putting hundreds of jobs at risk. Stansted and Newcastle will remain part of Easyet’s route network, and some in-bound flights will continue. [...]
Ex-Flybe shareholders eye legal action against former directors August 17, 2020 Former Flybe shareholders are reportedly examining legal action over a cut-price sale of the budget airline in early 2019. A group of retail investors want to take former directors to court over allegations they put out inaccurate statements, the Mail on Sunday reported. Shareholders received just 1p per share when the airline was sold in [...]
Tata Motors denies it plans to sell its stake in Jaguar Land Rover August 17, 2020 Tata Motors has denied reports it plans to sell its stake in Jaguar Land Rover after talks with the government to secure a rescue package broke down. Talks with the carmaker and Tata Steel, which are both owned by the Indian conglomerate Tata Group, broke down after the Treasury concluded the group did not qualify [...]
UK tradespeople remain optimistic despite pandemic uncertainty August 17, 2020 Tradespeople in the UK continue to remain optimistic for near-term workloads despite the economic havoc triggered by the pandemic. A survey of over 1,300 tradespeople conducted by builders’ merchant Travis Perkins, found half of the respondents believe their workloads will increase and will have to buy new materials over the next two months. The first [...]
Brits dash for the Channel in bid to beat France quarantine August 14, 2020 British holidaymakers are scrambling to get home before they are forced to quarantine for 14 days after the government last night announced that it was removing France from its travel corridors list. According to transport secretary Grant Shapps, there are roughly 160,000 UK holidaymakers currently in France who have been caught out by the ministers’ [...]
Grant Shapps: ‘No choice’ but to impose quarantine rules on France August 14, 2020 Transport secretary Grant Shapps has said that ministers had no choice but to remove France from the list of countries exempt from quarantine rules after a spike in coronavirus cases. The restrictions, which were announced late last night, come into effect tomorrow morning at 4 o’clock. Speaking to Sky News, Shapps said: “It’s a dynamic [...]
Easyjet shares sink on France quarantine despite £203m aircraft sale August 14, 2020 Shares in low cost carrier Easyjet fell 5.5 per cent this morning as the government announced travellers from France would have to quarantine on return to the UK. The news came as the airline siad that it had completed the sale and leaseback of 23 aircraft, raising an extra £608m to bolster its liquidity amid [...]
Hedge funds make more than $1bn betting against travel stocks August 13, 2020 Hedge funds made profits of more than $1bn (£760m) from betting against travel companies in the year to July. They also have $2.98bn in short positions outstanding in the industry, analysis by Reuters of regulatory filings and investment bank stock lending data showed. The coronavirus pandemic has inflicted huge losses and share price falls on [...]