British Airways boss Alex Cruz steps down amid industry’s ‘worst crisis’ October 12, 2020 Alex Cruz will step down as chief executive and chairman of British Airways with immediate effect, owner International Airlines Group said. IAG chief Luis Gallego said the management shake-up came as the firm navigated “the worst crisis faced in our industry” in his first major announcement since taking over from Willie Walsh. The pandemic has [...]
Eurostar may need state support as passenger numbers collapse October 11, 2020 The government may need to put its hands in its pockets to prop up the cross-Channel Eurostar service, the boss of the HS1 line has warned. Dyan Crowther, who runs the rail link between London and the Channel Tunnel, said that the operator had slashed the number of services it was running due to the [...]
British Airways’ last ever Boeing 747 flight touches down October 8, 2020 The last British Airways Boeing 747 flight from Heathrow has touched down at Kemble Airport in the Cotswolds. The iconic jet has had its retirement brought forward due to the slump in air travel caused by the Covid-19 pandemic. Two flights took off from Heathrow this morning, with the first touching down at St. Athan [...]
FTSE 100 slips after Donald Trump leaves hospital October 6, 2020 The FTSE 100 slipped and European markets struggled for direction as US President Donald Trump returned to the White House after being hospitalised with coronavirus. The blue-chip index started the morning with modest gains, edging 0.1 per cent higher in early trading. Yet it slipped into the red to stand 0.2 per cent lower shortly [...]
US stocks and FTSE 100 fall after Donald Trump gets coronavirus October 2, 2020 US stocks tumbled and the FTSE 100 was lower after US President Donald Trump tested positive for coronavirus just a month before the presidential election. Wall Street’s S&P 500 index was 0.6 per cent lower in early trading, having recovered some ground after a sharp fall at the open. The Dow Jones was down 0.5 [...]
Wizz Air cuts capacity to 50 per cent as quarantine hits demand September 25, 2020 Wizz Air today said it will operate at 50 per cent capacity in October after suffering a slump in demand due to coronavirus quarantine rules. The budget airline said its services will be running at half the normal level next month and would likely remain at the same level throughout the winter if restrictions remained [...]
Heathrow Airport operating at a fifth of normal levels September 23, 2020 The boss of the UK’s largest airport has said that Heathrow is operating at 15 to 20 per cent of its normal levels for this time of the year. Speaking at today’s World Aviation festival, which is being held virtually, John Holland-Kaye reassured listeners that demand would return despite the current downturn in traffic. He [...]
IATA calls for worldwide airport testing to replace quarantine September 22, 2020 Global airline body the International Air Transport Association (IATA) has said that all international passengers should be given coronavirus tests before departing in order to scrap current quarantine measures. Speaking at an online briefing, IATA director Alexandre de Juniac said that there was no alternative solution that was “less challenging or more effective”. He said [...]
Lufthansa warns of more job cuts as travel recovery stalls September 21, 2020 Lufthansa shares lost nearly a tenth of their value this afternoon after the German flag carrier said that it would cut more jobs on top of the 22,000 redundancies previously announced. This afternoon the airline revealed that due to the stalling recovery in air travel it would have to reduce its fleet by 150 planes, [...]
FTSE 100 and US stocks plunge amid coronavirus lockdown fears September 21, 2020 A horrible start to the week saw the FTSE 100 suffer its worst day since June as worries over rising coronavirus cases combined with a financial scandal to cause chaos in the City. London’s blue-chip index plunged 3.5 per cent to 5,800 points just before the close, having started the day above 6,000. The FTSE [...]