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 [...]
Ryanair dives to €200m loss as coronavirus decimates passenger numbers November 2, 2020 Ryanair crashed to a €197m (£177.8m) loss in the first half of the year as the budget carrier flew just 17m due to the coronavirus pandemic. From the start of lockdown in March to the end of June, 99 per cent of the Irish airline’s planes were grounded amid stringent travel bans and health concerns. [...]
Weekly outlook, 2-6 November: FTSE heavyweights in spotlight as election day arrives November 2, 2020 It’s election day at last, and while the outcome of Tuesday’s vote in the US will drive the headlines for much of this week and beyond, there’s still a full slate of results and economic updates in store for UK markets. With coronavirus cases now surging at an alarming rate, Boris Johnson has announced a [...]
What’s in store for the airline industry this winter? October 30, 2020 Although every industry has suffered due to the coronavirus pandemic, few have been as hard hit as the world’s airlines. At the beginning of the year, the idea of a world without global air travel was for most people a relic of a long-forgotten past, but seven months of extreme turbulence have flipped that notion [...]
Ryanair makes further winter capacity cuts as it shuts three bases October 15, 2020 Ryanair (RYA) has cut its winter capacity from 60 per cent to 40 per cent of last year’s levels as it contends with further flight restrictions across Europe. The budget airline said air travel to and from much of central Europe, the UK, Ireland, Austria, Belgium and Portugal had been “heavily curtailed” due to the [...]
Ryanair slams ‘government mismanagement’ as it cuts capacity again September 18, 2020 Ryanair today launched a fresh attack on the government for its “continuous changes” in travel restrictions as it announced it would cut its October capacity by a further 20 per cent. It follows a 20 per cent capacity cut announced last month, meaning the budget airline now expects its October capacity to fall from 50 [...]
Shareholders approve Michael O’Leary’s bonus despite revolt September 17, 2020 A third of Ryanair shareholders today revolted against a €458,000 (£417,500) bonus for chief executive Michael O’Leary today at the budget carrier’s annual general meeting. Although the firm’s remuneration report was approved by 65.8 per cent of voters, 34.2 voted against the packages, which had been criticised due to the ongoing financial crisis brought on [...]
Ryanair boss Michael O’Leary slams ‘bizarre’ quarantine rules September 9, 2020 Ryanair boss Michael O’Leary has slammed the government for its handling of the coronavirus pandemic, describing its quarantine restrictions as “bizarre” and lacking in “common sense”. Speaking to Sky News this morning, O’Leary said that ministers were “making this stuff as they go along to cover up the fact that test and tracing is effectively [...]
Ryanair passenger numbers down 50 per cent amid quarantine chaos September 2, 2020 Budget carrier Ryanair flew 7m passengers last month, nearly half the number it carried in August last year, as demand for air travel continued to grow despite the UK’s quarantine regime. Operating 60 per cent of its normal schedule for the month, the airline said the number of passengers was 53 per cent below last [...]