UK airlines set for jobs crisis on par with collapse of mining in 1980s June 10, 2020 The UK’s aviation sector is on the brink of a jobs crisis as severe as that which devastated the mining industry in the 1980s, a new report has found. According to the New Economics Foundation (NEF), up to 70,000 jobs are under threat as a result of the coronavirus crisis, which has grounded airlines around [...]
Airlines face £84bn loss in ‘worst year in aviation history’ June 9, 2020 Global aviation body the International Air Transport Association (IATA) today said that the coronavirus crisis will see the world’s airlines make record losses of over £$100bn over 2020 and 2021. At a press conference this afternoon, director general Alexandre de Juniac said: “The losses this year will be the biggest in aviation history—over $84bn in [...]
UK tourism group says air bridges will be set up by 29 June June 9, 2020 A tourism lobby group has said that air bridges to other countries will be operating by 29 June, saying it had received assurances on the matter by senior government officials. In a statement, Quash Quarantine, a 500-strong group of travel and hospitality firms, said that it was considering options including joining British Airways’ legal challenge [...]
The quarantine isn’t just absurd – it could be unlawful too June 8, 2020 Priti Patel’s new quarantine, which comes into force today, has sparked fresh fury from Britons who brand the measures as “too little too late”. I believe that the tardiness of these restrictions is by no means a clumsy error — it looks like a pricey, harmful stunt. Back in March, the UK blindly followed other [...]
Two more Easyjet board members to step down this year June 8, 2020 Two members of the Easyjet board will step down this year, it was announced this morning, just a few weeks after finance chief Andrew Findlay also turned in his resignation. Deputy chairman Charles Gurassa and finance committee chair Andy Martin will quit the board in line with corporate governance best practice, having each served for [...]
Easyjet boss warns that more jobs could be lost due to quarantine plans June 8, 2020 Easyjet’s chief executive Johan Lundgren has warned that the budget airline may be forced into making more job cuts due to the government’s new quarantine rules. The blanket restrictions, which came into effect today, mean that almost all incoming passengers to England must quarantine for 14 days. When asked whether it could lead to more [...]
Michael O’Leary insists Ryanair will not cancel flights despite quarantine plans June 8, 2020 Ryanair’s chief executive Michael O’Leary has said that the carrier will not cancel flights to and from the UK in light of the new 14-day quarantine rules that came into force today. Speaking to the BBC, O’Leary said insisted flights in July and August would go ahead even if the blanket measures remained in place [...]
Exclusive: Heathrow warns of 25,000 job losses amid quarantine travel row June 7, 2020 Heathrow Airport’s chief executive has warned that 25,000 jobs may be lost at the airport if the government’s quarantine rules are not relaxed, or air bridges not established, within the next two weeks. Those losses would largely come from airline redundancies but speaking to City A.M.’s City View podcast, John Holland-Kaye also said a decision [...]
FTSE 100 jumps as investors cheer surprise US jobs figures June 5, 2020 The FTSE 100 has jumped as investors go into the weekend in a joyous mood after the US economy added 2.5m jobs in May and the European Central Bank (ECB) ramped up its stimulus measures. The blue-chip index was up two per cent at 6,468 points in afternoon trading. It put the FTSE 100 on [...]
British Airways-owner mulls quarantine legal challenge June 5, 2020 The owner of British Airways is mulling a legal challenge against the government’s quarantine plan which will require passengers coming in from overseas to isolate for 14 days on landing in the UK. With planes grounded since March, airline bosses fear the quarantine rule which is set to be introduced from 8 June will sink [...]