Aer Lingus passengers stranded after Stobart Air collapse June 13, 2021 Passengers have been left stranded and hundreds of jobs are at risk following the collapse of one of Britain’s largest regional airlines. Government officials have been forced to scramble contingency plans after Stobart Air, which operates services for Aer Lingus, British Airways and KLM, stopped trading and called in liquidators. Almost 500 jobs are thought [...]
Queen’s Birthday Honours: the full 2021 list June 12, 2021 Below the full list of names for this year ORDER OF THE BRITISH EMPIRE Knights Grand Cross of the Order of the British Empire (GBE) The Rt. Hon. Frederick Richard Penn Curzon, The Earl Howe. For political and parliamentary service. (Amersham, Buckinghamshire) ORDER OF THE BATH Knights Commander of the Order of the Bath (KCB) [...]
Heathrow passenger numbers keep dwindling as CEO urges G7 for safe travel June 11, 2021 After 15 months of restrictions, Heathrow’s passenger numbers in the UK and across the world have continued to collapse below pre-pandemic levels, with a loss of over 6m passengers in the month, the airport said this morning. From June 2020 to May 2021, there was a 79.3 per cent plunge in terminal passenger numbers in [...]
Thousands of BA staff go back on furlough June 10, 2021 Thousands of British Airways (BA) staff are being put back onto the furlough scheme as the wait for a meaningful return of international travel continues. With 17 May as the date the government had set for the restart of travel, the carrier had begun to bring back workers in preparation for the summer season. But [...]
Wall Street creeps higher as investors await cues on tapering and inflation June 9, 2021 Wall Street’s main indexes edged higher today but a lack of clear catalysts kept trading slow while investors awaited inflation data and an upcoming Fed meeting. The Dow Jones Industrial Average was up 0.1 per cent, while the S&P 500 gained 0.2 per cent at the open. Meanwhile, the tech-heavy Nasdaq rose 0.4 per cent, [...]
CMA to investigate British Airways and Ryanair over lockdown flight refunds June 9, 2021 The UK’s markets watchdog has begun an investigation into British Airways and Ryanair today, to find whether they broke the law in not offering refunds for flights struck by lockdown laws. The Competition and Markets Authority (CMA) will be looking at a potential breach in consumers’ legal rights when they were left out of pocket [...]
Open up UK-US travel corridor, airline bosses plead ahead of G7 summit June 7, 2021 The chief executives of all the airlines which run transatlantic services have come together to once again call for the reopening of the US-UK travel corridor. Routes between the two countries are a central source of income to airlines such as American Airlines, British Airways, Delta Air Lines, JetBlue, United Airlines and Virgin Atlantic, which [...]
Wall Street flat but FTSE ticks up as investors await inflation data June 7, 2021 Wall Street’s main indexes were muted this afternoon as investors stayed on the fence ahead of key inflation data this week, while tech stocks shrugged off a G7 agreement on a new global corporate tax minimum. The Dow Jones Industrial Average and S&P 500 dipped 0.46 and 0.26 per cent respectively by early evening trading. [...]
UK holidaymakers scrambling for flights home face exorbitant prices to beat quarantine deadline June 4, 2021 British tourists and holidaymakers scrambling for flights home from Portugal before new quarantine requirements come into force are being charged hundreds of pounds. People arriving in the UK from Portugal after 4am on Tuesday will need to self-isolate at home for 10 days after the Government moved it from the green list to the amber [...]
Wall Street opens higher as jobs report eases inflation concerns June 4, 2021 Wall Street’s main indexes opened higher today after data showed modest US jobs growth in May, easing concerns about an early tightening of monetary policy. The Dow Jones Industrial Average rose 0.3 per cent at the open, while the Nasdaq Composite gained 0.65 per cent. The S&P 500 added 0.5 per cent as it continued [...]