Ryanair loses legal challenges to EU state aid for Scandi airlines April 14, 2021 Ryanair has this morning lost its attempt to have state aid provided by the EU to Scandinavian airlines SAS and Finnair ruled unlawful. The Luxembourg-based General Court, the EU’s second highest legal body, ruled that the bailouts were in compliance with the bloc’s rules on state aid. The ruling is another blow to the airline, [...]
Overnight stays restart this week, as PM sets out ‘traffic light’ plan for holidays abroad April 12, 2021 Overnight stays restart this week, as PM sets out 'traffic light' plan for holidays abroad
Take Ker when betting on the Stayers’ April 9, 2021 ANOTHER duel between Thyme Hill and Paisley Park could make this year’s Ryanair Stayers Hurdle (3.35pm) a classic. The score is currently 1-1 between the pair and this rematch has been long-awaited after Thyme Hill missed last month’s Cheltenham Festival after a small setback. He arrives here the fresher horse, is more open to improvement [...]
Wizz Air replaces ops chief after he told team to list pilots for redundancy who ’caused grief’ April 8, 2021 Wizz Air has replaced its flight operations chief after he was recorded telling his team to draw up a redundancy list of pilots who were often sick or “caused grief” while sparing cheaper contract crew. In a letter to staff dated April 4, seen by Reuters, Wizz said its head of flight operations Darwin Triggs [...]
Ryanair expects to limit last year’s losses to £732m April 7, 2021 Ryanair said it believes losses in the last year will now be lower than previously expected, at between £689m and £732m, compared with previous guidance of around £100m more. The downgrade comes despite the company adding that travel restrictions and lockdowns over Easter, blaming the slow rollout in the EU of Covid-19 vaccinations, delayed any [...]
Get US on travel ‘green list’ from 17 May, say aviation bosses April 6, 2021 The bosses of some of the UK’s biggest aviation firms have called for the government to make sure that the US is on the “green list” for international travel from 17 May. Speaking at a press conference this morning, British Airways chief exec Sean Doyle, along with Shai Weiss and John Holland-Kaye, his counterparts at [...]
Ryanair and Wizz Air passenger numbers down again as year of pain continues April 6, 2021 Ryanair flew just 0.5m people last month as travel restrictions continued to batter the airline industry as the worst year in its history came to an end. Since last March, when the coronavirus began to spread through Europe, carriers have seen their schedules decimated, with passenger numbers plunging to a mere fraction of normal levels. [...]
Concerns over prolonged restrictions as looming third Covid wave overshadows upbeat PMI data March 24, 2021 Mounting concerns about a third wave of Covid-19 cases across the UK and Europe are adding to expectations that economies may reopen later than initially predicted. The shift in market sentiment is weighing on stocks as they are extending losses with covid concerns even overshadowing today’s upbeat PMI data. “Fears over the impact of tighter [...]
Wall Street opens in the red ahead of Fed chair testimony March 23, 2021 Wall Street ticked into the red this morning as energy and travel stocks slipped, while investors awaited remarks from Federal Reserve chair Jerome Powell on the health of the US economy. Powell will join US Treasury secretary Janet Yellen to provide testimony to US politicians in Congress later today. He is expected to say that the [...]
Airline shares sink on new law threatening £5,000 fines for holiday travel March 23, 2021 Airline shares sink on new law threatening £5,000 fines for holiday travel