Tennis star Emma Raducanu signs high-flying deal with British Airways December 22, 2021 Emma Raducanu announced yesterday that she has signed a lucrative deal to promote British Airways.
London markets whipsaw on Omicron curbs uncertainty December 21, 2021 A whipsawing in the likelihood of fresh restrictions to curb the spread of Omicron being imposed in England is generating wild swings on London markets. The capital’s premier FTSE 100 index closed 1.38 per cent higher today to reach 7,297.41 points, while the mid-cap FTSE 250 index, which is more aligned to the health of [...]
Travel industry 2022 lookahead: Are we back to square one? December 21, 2021 Less than a month ago, Luis Gallego – chief executive of British Airways’ (BA) owner IAG – was telling aviation stakeholders the industry’s recovery was on its way. Speaking at the Airlines UK conference in Westminster, Gallego revealed that “transatlantic bookings have reached almost 100 per cent of 2019 levels.” “I expect North Atlantic routes [...]
Airlines call on government to reopen travel despite possible restrictions December 20, 2021 The aviation industry has called on the UK Government to either reopen travel or “come to the table with economic support.” Airlines UK, the trade body that represents British carriers, has lambasted the government for its lack to support, saying “offering more debt to a sector that has already borrowed billions of pounds is not [...]
Travel shares tank as lockdown concerns mount December 20, 2021 Shares of airlines such as British Airways’ (BA) owner IAG as well as Easyjet have tanked today as concerns over a possible strengthening of restrictions – including a potential Christmas lockdown – mount. IAG went down 3.35 per cent to 127.62p, while Easyjet registered a 2.11 per cent decline to 497.70p. According to Francesco Ragni, [...]
BA’s owner IAG to pay €75m to Air Europa after pulling out of takeover agreement December 16, 2021 British Airways’ (BA) owner IAG has announced today it will pay €75m (£63.7m) to Air Europa following yesterday’s decision to pull out from a £420m takeover deal, leaving shares up 0.70 per cent at closing time. IAG said it would it would pay the rival carrier’s owner Globalia €35m, on top a €40m break-up fee, [...]
Heathrow airfares to rise as CAA confirms interim price cap December 16, 2021 The UK Civil Aviation Authority (CAA) has written to Heathrow, confirming the £30.19 interim price cap the airport can charge its airline customers will take effect from 1 January. According to the CAA, the charge will be £29.50 in 2020 prices, going up to £30.19 – a 50 per cent increase compared with the current [...]
FTSE100 dips amid inflation surge December 15, 2021 The London FTSE100 index plunged this morning after data showed that inflation rates surged to 5.1 per cent in November – its highest level in a decade. Despite the surge, investors are no longer expecting the Bank of England to raise rates. The index saw retailers such as Next and Ocado fall 2.74 and 1.79 [...]
British Airways owner IAG moves to terminate takeover agreement with Air Europa December 15, 2021 IAG, the aviation giant that owns British Airways, Iberia and Aer Lingus, has moved to back-track on its takeover of Spanish airline Air Europa, bringing down shares by 4.59 per cent to 126.48p. The BA owner this morning said “discussions are at an advanced stage to terminate the agreement signed on 4 November 2019” whereby [...]
Red list to be scrapped from tomorrow, government confirms December 14, 2021 The UK Government has confirmed that the travel red list – which includes countries such as South Africa and Botswana – will be scrapped from tomorrow 4am, less than two weeks after it was introduced following concerns over the new Omicron variant. Testing measures will remain in place. Health secretary Sajid Javid confirmed the decision, [...]