BA restarts Gatwick operations, selling tickets for short-haul subsidiary December 14, 2021 British Airways (BA) announced today it will restart flying from Gatwick from March 2022, selling tickets for 35 destinations that will be part of its short-haul subsidiary British Airways*’s operations. Created to compete with the likes of Easyjet and Ryanair, the subsidiary company will begin to operate as a standalone business from August, with BA [...]
Virgin Atlantic boosted by £400m in funding from Branson’s Virgin Group and Delta Air Lines December 13, 2021 British Airways rival Virgin Atlantic is hoping to leave the turbulence behind after sealing a funding deal with Virgin Group and Delta Airline to inject £400m in fresh cash to steer it out of the pandemic. Virgin Atlantic, like many other airlines, has been battered by the Covid tracvel restrictions and the clisure of many [...]
UK airlines ask PM to remove travel restrictions as Omicron pushes shares down December 13, 2021 Bosses of major UK airlines have sent Prime Minister Boris Johnson a letter asking the government to remove travel restrictions , as stocks today continued to plummet. Easyjet, as well as British Airways’ (BA) owner IAG and Ryanair, saw their stocks go down 4.72, 5.29 and 3.46 per cent respectively because of fears of further [...]
UK airlines set to ask Treasury for extension to Covid loans December 12, 2021 Bosses from British Airways, Virgin Atlantic and easyJet are set to ask the Treasury to extend their Covid-19 loans and provide further economic help in light of new restrictions imposed by Boris Johnson last week. Chief executives from the three airlines will meet with civil servants at the Treasury today to discuss the proposals, after [...]
Travel stocks lead London markets lower as investors digest Plan B damage December 9, 2021 Travel stocks led London markets lower yesterday as investors took flight from the sector after the UK government launched tougher Covid-19 restrictions this week. The capital’s premier FTSE 100 index dipped 0.22 per cent to close at 7,321.26 points, reversing some of this week’s gains. The mid-cap FTSE 250, which is more aligned to the [...]
British Airways slashes 2,000 flights until end of March December 7, 2021 British Airways (BA) has reportedly slashed around 2,000 flights, removing them from its schedules until the end of March. The flights were cancelled between 26 November and 3 December, but appear to be unrelated to the UK Government’s decision to re-introduce mandatory pre-departure and day 2 PCR tests, aviation news site Simple Flying reported. According [...]
Airlines stocks jump as Omicron concerns are shrugged off December 6, 2021 The shares of several airlines – including British Airways’ owner IAG, Easyjet and Ryanair – jumped today, as a result of carriers shrugging off concerns about the latest Covid variant, Omicron. Evidence showing the mild effects of Omicron, which has not yet caused any deaths, has led to IAG going up to 142.26p from a [...]
BA first airline to use sustainable fuels from next year December 3, 2021 British Airways (BA) will become the world’s first airline to use sustainable aviation fuels (SAFs) produced on a commercial scale in the UK for its flights starting from 2022. The carrier entered yesterday a multi-year supply agreement with US energy company Phillips 66 to use SAFs produced at the Humber refinery, the company’s factory in [...]
Bullish Omicron assessments boost global markets December 1, 2021 A string of bullish assessments from global health leaders downplaying the severity of the Omicron variant boosted global markets yesterday. Investors shook off concerns over the Covid-19 variant derailing the world’s fight against the pandemic and poured back into stocks. London’s premier FTSE 100 index shot up 1.55 per cent to close at 7,168.68 points [...]
Business travel equilibrium unclear to everyone, Virgin Atlantic boss says December 1, 2021 Virgin Atlantic’s chief executive Shai Weiss believes business travel forecasts are still very unclear to all airlines, because of the pandemic’s unpredictable nature and the consequent measures taken by governments to curb the spread of the virus. Speaking on a panel at London’s World Aviation Festival today, Weiss stated that despite seeing a recovery of [...]