Cooling Russia-Ukraine tensions lift London markets February 15, 2022 London markets bounced back yesterday as a seeming de-escalation in tensions between Russia and Ukraine cooled investors’ fears about an imminent invasion. The capital’s premier FTSE 100 index closed 1.03 per cent higher at 7,608.92 points, while the domestically-focused FTSE 250 index, which is more aligned with the health of the UK economy, added 1.09 [...]
Going west: Wizz Air applies for US cargo licence February 15, 2022 Low-cost carrier Wizz Air is reportedly planning an expansions towards west, as it has applied for a transatlantic licence. The Budapest-based airline has applied to the US Government for an “initial foreign air carrier permit” to carry out cargo operations between Hungary and Washington. The news comes as the company’s chief executive Jozsef Varadi is [...]
All bad things come to an end: Post arrival tests scrapped from today February 11, 2022 The UK seems to have put Covid behind as from this morning at 4am post arrival Covid tests will be scrapped for fully jabbed travellers. Passengers coming to the UK will still need to fill out a simplified passenger locator form (PLF), confirming their vaccination status as well as travel history and contact details. “The [...]
Travel stocks continue ascent as London markets post mixed open February 10, 2022 Travel stocks continued their ascent today in a positive day for London markets. The capital’s premier FTSE 100 index closed 0.38 per cent higher at 7,672.40 points, while the domestically-focused FTSE 250 index, which is more aligned with the health of the UK economy, added 0.11 per cent to finish at 22,207.75 points. Airline stocks [...]
French and Germany pressure may force IAG to spin off British Airways February 10, 2022 British Airways’ (BA) parent company IAG could be forced to spin off BA as Germany and France might push to reinstate EU ownership rules. According to HSBC analysts, IAG – who owns the likes of Aer Lingus, Iberia and Vueling – might be forced to make BA a truly independent company as regulations require airlines [...]
London markets boosted by financials rally February 9, 2022 London markets soared yesterday to a two-year high driven by a rally among travel stocks after the UK government signalled it intends to scrap remaining Covid-19 rules soon. The capital’s premier FTSE 100 index rose 1.01 per cent to 7,643.42 points, while the domestically-focused FTSE 250 index, which is more aligned with the health of [...]
London markets climb as airlines take off February 7, 2022 London markets posted a strong start to the week yesterday, led higher by airlines taking off. The capital’s premier FTSE 100 index closed 0.76 per cent higher at 7,573.47 points, while the domestically-focused FTSE 250 index, which is more aligned with the health of the UK economy, added 0.39 per cent to reach 21,797.29 points. [...]
Veggie all the way: British Airways launches plant-based menu at Heathrow February 4, 2022 British Airways (BA) announced today it will soon launch a plant-based menu at its Heathrow lounges, before rolling it out across the US. “We’re committed to ensuring we deliver a premium proposition for our customers throughout their journey with us and when we do so, we need to ensure that sustainability is at the heart [...]
Ryanair loses appeal over industrial action compensation February 3, 2022 The UK Court of Appeal has rejected Ryanair’s appeal, ruling it cannot avoid refunding customers that were affected by walkouts in the summer of 2018. The low-cost carrier initially refused to pay travellers back, as it considered the disruption to be caused by “exceptional circumstances” but was taken to court by the Civil Aviation Authority [...]
Which? slams Ryanair and BA over poor refund policy February 3, 2022 Consumer group Which? has slammed Ryanair and British Airways (BA) over their refund policies, lambasting their inadequate approach to customer service. The carriers finished at the bottom of Which’s annual survey after 1,100 passengers expressed their discontent and awarded Ryanair a customer score of 55 per cent, while BA managed to grab a 63 per [...]