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 [...]
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 [...]
We’re taking fewer flights – now’s the time to bring back aviation’s glamour December 6, 2021 If you’ve tried going abroad lately, you will know that the process has changed drastically. Gone is the relative ease of perusing a travel site and booking your flights, your main concern being whether you’d remembered to pack your passport. Travelling in the age of Covid is dogged with confusing new lingo and a protocol [...]
Easyjet adopts a more aggressive strategy to face rivals December 5, 2021 Easyjet’s chief executive Johan Lundgren is reportedly adopting a more aggressive business strategy, following accusations of having behaved too cautiously during the pandemic. Lundgren stated that, after seeing encouraging signs for next summer, he expects demand to go back to pre-Covid levels, allowing the company to buy slots at airports such as London Gatwick. The [...]
Ryanair remains positive despite Omicron concerns December 2, 2021 Eddie Wilson, chief executive of Ryanair DAC, said this morning the airline remains positive about summer demand, bypassing concerns related to the new Covid variant, Omicron, and its impact on Christmas demand. Speaking at London’s World Aviation Festival, Wilson said that the carrier’s focus remained on next summer. “We were hoping that the demand curve [...]
Omicron optimism: Covid anxiety attack on the financial markets shows signs of alleviating November 29, 2021 The anxiety attack on the financial markets shows signs of alleviating, as investors pause for breath and spot signs of optimism while scientists race to establish the severity of the new variant. The FTSE 100 opened up 1 per cent in early trading, recovering some of Friday’s dramatic losses and the FTSE 250 was 1.5 [...]
Ex British Airways boss slams tougher Omicron travel rules as ‘knee-jerk decision’ as UK firms worry about Christmas November 29, 2021 Former British Airways boss Willie Walsh has dubbed countries’ tighter quarantine and testing rules as a “knee-jerk decision”, after concerns over the new Omicron Covid variant. Walsh, who used to head the airline group International Airlines Group, said the new rules imposed “a massive financial damage to the tourism and airline industry.” “It’s clear that [...]
A Black Friday on global markets as new Covid-19 variant engulfs investors November 26, 2021 Global markets tumbled today driven by investors being spooked by a fresh Covid-19 strain emerging in Southern Africa that has been described by scientist as the worst yet. In London, the FTSE 100 registered one of its day’s in months, shedding 3.31 per cent to plunge to 7,068.68 points heading into the final hour of [...]
Airline shares splutter as new EU lockdowns spook investors November 24, 2021 The share price of major airlines is on an ongoing downward trajectory as a result of the new wave of Covid-19 infections around Europe which is causing countries such as Austria and the Netherlands to impose lockdown measures. Compared with the last few days, the share price of major carriers such as IAG and Ryanair [...]