Ryanair and Easyjet to continue flying to Spain despite quarantine July 27, 2020 Neither Ryanair or Easyjet will cut their number of flights to Spain despite the government reimposing mandatory quarantine measures on people travelling from the country, the low-cost carriers confirmed today. In a statement, the latter said: “We plan to operate our full schedule in the coming days. “Customers who no longer wish to travel can [...]
IATA calls UK’s Spain travel quarantine a ‘big setback’ to recovery July 27, 2020 Global aviation body the International Air Transport Association (IATA) has criticised the UK’s decision to reimpose a mandatory quarantine on travellers from Spain, saying the decision falls “short of the mark”. Yesterday ministers took a snap decision to reinstate the 14-day self-isolation rules for the Iberian country due to a surge in new coronavirus cases. [...]
FTSE airline stocks slump over UK’s Spain travel quarantine July 27, 2020 Airline stocks slumped on the FTSE 100 today in the aftermath of Britain’s move to reimpose a travel quarantine on Spain. The government scrapped a travel corridor between the UK and Spain over the weekend, after the country recorded 900 new Covid-19 cases for two days running last week. Airlines blasted the government’s decision, which [...]
Ryanair sinks to £168m loss in coronavirus-hit quarter July 27, 2020 Ryanair reported a narrower than expected loss in its fiscal first quarter on Monday and said it was impossible to say whether it might turn an annual profit due to the impact of the COVID-19 pandemic. The Irish airline posted an after-tax loss of €185m (£168.64m) for the three months to 30 June, its first-ever [...]
Dominic Raab defends decision to scrap Spain travel corridor July 26, 2020 Dominic Raab has defended the government’s decision to scrap its travel corridor with Spain at short notice, saying that “we took the decision as swiftly as we could”. The Department for Transport announced yesterday that all travellers coming back from Spain to the UK from today would have to quarantine for 14 days. Spain recorded [...]
BA owner IAG mulls €2.75bn raise by ‘end of summer’ July 24, 2020 British Airways owner IAG is mulling for a share issue worth up to £2.75bn (£2.4bn) at the end of the summer. The plans to raise equity come as the airline group takes steps to shore up its finances in light of the coronavirus pandemic, which has battered the global aviation sector. In a regulatory notice [...]
Government adds five countries to travel corridors list Portugal snubbed July 24, 2020 The government has added five new countries to its list of countries people from England can travel without needing to quarantine on return, but has left Portugal off. It had been widely expected that the Iberian nation would be added to the “travel corridor” list, having been snubbed when the initial list was released three [...]
Number of overseas visitors to UK halved in March on coronavirus fears July 24, 2020 The number of overseas people to travel to the UK halved in March, the Office of National Statistics said today, as the coronavirus pandemic began to hammer international transport. As the ONS stopped collecting travel data on 16 March due to the pandemic, it said that the figures were based on assumptions of data collected [...]
TfL may halt Crossrail 2 work over government funding review July 24, 2020 Transport for London (TfL) today warned it may have to pause work on some of its biggest infrastructure projects, including Crossrail 2, unless it gets a new funding deal from the government. The capital’s transport operator this morning set out its revised budget for the year, saying it would need £3.5bn due to the damage [...]
TfL’s financial blackhole hits £3.5bn as commuters stay home July 24, 2020 Transport for London (TfL) this morning said it would need £3.5bn in funding over the full year due to uncertainty over commuter demand due to the coronavirus. The figure is £300m higher than that laid out in the transport operator’s emergency coronavirus budget in May. It also said that it would require an additional £2.9bn [...]