FTSE 100 lifted slightly by travel stocks October 8, 2021 The FTSE 100 inched 0.3 per cent higher this morning, as travel stocks lifted the index after a hoard of destinations were taken off the red list. British-Airways owner ICAG, Whitbread and Ryanair gained between 0.5 per cent and 2.9 per cent. Though the FTSE 250 slipped 0.12 per cent dragged by fellow travel heavyweight TUI, which [...]
Pilots give British Airways the green light on restarting of Gatwick operations October 7, 2021 The British Airlines Pilots Association (Balpa), which represents more than 16,000 UK pilots, has signed off a new agreement with British Airways (BA), after union members agreed to back up the establishment of a British Airways’ subsidiary operating from Gatwick airport. “Balpa and British Airways have concluded an important new agreement covering revised pay and [...]
CMA closes investigation into Ryanair and British Airways October 7, 2021 The UK’s competition watchdog has closed an investigation into the legality of airlines failing to refund passengers who were prevented from flying by Covid restrictions. The Competition and Markets Authority (CMA) launched an investigation in June 2021 after British Airways offered customers vouchers or rebooking and Ryanair provided the option to rebook flights which could [...]
Ryanair and Wizz Air passenger numbers highlight aviation’s journey back to normality October 4, 2021 After a turbulent 2020, Ryanair and Wizz Air appear set for smoother skies with passenger numbers on the up. Both firms reported increase in passenger traffic in September 2021 compared to last year. According to passenger traffic data published on the London Stock Exchange, Ryanair’s passenger numbers increased to 10.6m compared to 5.2m recorded in [...]
British Airways ditches Gatwick after union scuppers plans for cut-price subsidiary September 23, 2021 British Airways has canned plans to launch a budget subsidiary based out of Gatwick airport and will instead pull out of the airport permanently. BA pulled operations out of Gatwick at the beginning of the Covid pandemic and had planned to relaunch there, but with a budget unit. However, the launch a short-haul subsidiary at [...]
Ryanair boss: EasyJet and WizzAir merger would be ‘sensible development’ September 22, 2021 Ryanair’s boss has doubled down on his point that rivals EasyJet and WizzAir will not survive as independent airlines without a merger. Chief executive Michael O’Leary said it would be a “sensible development,” for the airlines to merge in the future and there was industry-consensus there would be “more consolidation across Europe” post-Covid. “I’m not [...]
Slot wars on the cards as Asian regulators threaten retaliation over new EU rules September 17, 2021 The aviation industry could be on the brink of a new trade war after Asian regulators warned they could retaliate over EU plans to force carriers to use 50 per cent of their take-off and landing slots during the winter season. Having frozen slot rules during the pandemic, the bloc in July announced that airlines [...]
Ryanair shares soar as carrier aims to fly 225m passengers a year by 2026 September 16, 2021 Shares in Ryanair are flying today after it announced that it now expects to fly 225m passengers a year by March 2026, a 25m hike on its previous target. By the midmorning, shares were up 6.7 per cent. In a statement ahead of today’s AGM, the Irish carrier said that it now expected to see [...]
Ryanair aims to fly 225m passengers a year by 2026 : CityAM September 16, 2021 Ryanair today announced that it now expects to fly 225m passengers a year by March 2026, a 25m hike on its previous target. In a statement ahead of today’s AGM, the Irish carrier said that it now expected to see traffic growth of 50 per cent – compared to pre-Covid levels – up from past [...]
BA in ‘advanced’ talks over new Gatwick carrier September 7, 2021 The chief executive of British Airways has said that the airline is in “advanced” talks with its unions over the launch of a new low-cost carrier at Gatwick Airport. Speaking at an event at Heathrow, Sean Doyle said that BA wanted to set up a unit with a “competitive cost platform”. However, he warned that [...]