UK firms cut more than 106,000 jobs amid coronavirus pandemic August 19, 2020 The coronavirus pandemic has battered the UK economy since it arrived in early 2020 – and no sector has remained unscathed, with more than 100,000 job cuts planned during the pandemic. The government’s furlough scheme has allowed millions of people to keep getting a paycheck, but fears are growing that when this is phased out [...]
Wall Street nears record highs on retail optimism as mining stocks lift FTSE 100 August 17, 2020 Wall Street edged towards record highs this afternoon on optimism about better-than-expected retail earnings as the FTSE 100 pushed higher during a subdued start to the week’s trading. The Nasdaq rose 0.68 per cent while the S&P 500 resumed its ascent towards record highs with gains of 0.29 per cent. However, the Dow Jones slipped [...]
Ryanair to cut flight capacity after coronavirus upsurge hits bookings August 17, 2020 Ryanair today said it will cut its flight capacity 20 per cent during September and October after increased coronavirus restrictions hit bookings. The budget airliner said a recent upswing in coronavirus cases in some European countries had particularly hit business bookings. Ryanair last month cut its passenger target to 60m for the financial year to [...]
Markets live: US stocks slip as retail sales miss target while FTSE 100 slumps August 14, 2020 Wall Street opened lower after disappointing US retail data while the FTSE 100 languished in the red as the UK’s decision to add France to its quarantine list weighed down travel stocks. The Dow Jones and S&P 500 slipped in early trading on Wall Street, but recovered to tick up 0.11 per cent and 0.01 [...]
Heathrow calls for airport testing as passenger numbers drop 88 per cent August 11, 2020 Around 88 per cent fewer people travelled through Heathrow Airport in July compared with last year as the coronavirus pandemic continued to strangle air travel. In total, over 860,000 people used the airport last month, a slight uplift from the 350,000 who did so in June, which Heathrow said was down to the government’s “travel [...]
Ryanair increases services to 60 per cent of pre-Covid levels in August August 6, 2020 Budget carrier Ryanair today said that it had successfully increased its flight schedule to over 60 per cent of pre-Covid levels as passenger numbers continue to grow after lockdown. Having restarted its services in June, the Irish airline said that it would fly 11,000 flights a week throughout the month, over 1,600 routes. In September, [...]
Easyjet chief: We will keep flying to quarantined countries if there is demand August 4, 2020 Easyjet’s chief executive Johan Lundgren has said that the airline will not stop flying to destinations if the government chooses to reimpose quarantine restrictions on them while demand to travel to them remains. Speaking to City A.M., he said: “People, as we have seen with Portugal for example, are willing to take the sacrifice of [...]
Easyjet to expand flight schedule due to demand for holidays August 4, 2020 Budget airline Easyjet is preparing to expand its flight schedule over the summer to cater for higher than expected demand. The company’s share price soared more than 10 per cent this morning after it said it will fly at around 40 per cent of capacity over the summer following “better than expected” bookings. Previously it [...]
Tui UK cancels flights to Spanish islands until 4 August July 29, 2020 Package holiday firm Tui UK has today cancelled all of its holidays to the Balearic and Canary Islands until 4 August after the government’s decision to implement a mandatory quarantine on all travellers from Spain. The tour operator had already cancelled all holidays to the Spanish mainland until 10 August. Tui said the cancellations would [...]
Jet2 cancels flights to Spanish islands after ‘contradictory’ advice July 28, 2020 Budget carrier Jet2 has now cancelled its flights to the Balearic and Canary Islands after the Foreign Office updated its advice to warn against any non-essential travel to the destinations. Until 10 August, the carrier will not operate flights to Gran Canaria, Tenerife, Fuerteventura, Lanzarote, Menorca, Majorca and Ibiza. Yesterday the package holiday group took [...]