Easyjet shares grounded after revealing £560m hit from Iran war Aviation Easyjet expects to make a whopping loss in the first half of the financial year after the war in the Middle East led to major disruptions across operations. The budget airline said on Thursday it is forecasting a loss before tax of between £540m and £560m as the industry battles against rising costs. Shares in [...]
British Airways, Easyjet shares soar as Iran ceasefire brings relief for airlines Transport & Infrastructure Airline stocks have soared following President Trump’s announcement of a ceasefire with Iran, offering cautious relief to fears flights could be grounded in weeks. Shares in British Airways owner IAG soared by more than 10 per cent on Tuesday’s market open, as the FTSE 100 firm was followed by WizzAir and Easyjet who also made [...]
Airlines face five-week cliff edge before fuel shortages could ground flights Aviation Britain’s airlines face significant disruption in a matter of weeks if the war in Iran continues throughout April, as a global jet fuel shortage has already forced carriers in Asia to slash service levels in a bid to manage supplies. Major UK-based carriers have said that they have between five and six weeks’ worth of [...]
Rolls-Royce shares rocket to recovery as FTSE 100 takes off April 1, 2026 Shares in City heavyweight Rolls-Royce helped lead London’s blue-chip index higher this morning as markets were buoyed by hopes of peacetalks in the Middle East. Rolls-Royce stock soared as much as seven per cent on open to 1,215.00p. It followed comments from Donald Trump that the US would “leave” Iran in “two to three weeks”. [...]
Fuel crisis grounds thousands of flights as Iran war sends oil prices soaring March 31, 2026 Thousands of flights have been cancelled, and more are planned, as global airlines struggle with surging fuel costs in the wake of the war in Iran. According to data by aviation analytics company Cirium, more than one in 20 flights scheduled to take off on Monday were cancelled. Jet fuel, which is generally more expensive [...]
Rolls-Royce: FTSE 100 giant’s shares tumble amid market storm March 27, 2026 Shares in City heavyweight Rolls-Royce sank on Friday morning as the firm got wrapped up in the market storm triggered by the ongoing conflict in the Middle East. The FTSE 100 giant’s stock slumped nearly three per cent in mid-morning trading, sending its price crashing to 2026 low of 1,116.77p. Over the last month, the [...]
Virgin Atlantic CEO in the departure lounge as successor named October 13, 2025 The chief executive of Virgin Atlantic, which was founded by Sir Richard Branson, is to step down as his successor was named. Shai Weiss is to leave his position at Virgin Atlantic after seven years at the end of 2025. He will be succeeded by Corneel Koster. Koster re-joined Virgin Atlantic in 2019 as a [...]
Boeing defence workers go on strike over pay dispute August 4, 2025 Thousands of Boeing defence workers have gone on strike for the first time in nearly 30 years in a fresh blow to the struggling aircraft company. Members of the International Association of Machinists and Aerospace workers (IAM) working at Boeing defence manufacturing facilities in in Illinois and Missouri voted against the firm’s latest offer over [...]
Wizz Air to pull out of Abu Dhabi and cancels all flights July 14, 2025 Wizz Air has revealed plans to pull out of Abu Dhabi and cancel all flights from the start of September. The London-listed carrier added it intends to exit its joint venture and will “focus on its core markets” in the future. Wizz Air said the move follows a “comprehensive reassessment of market dynamics, operational challenges, [...]
BA Cityflyer: Profit almost doubles at London City Airport carrier July 11, 2025 Profit almost doubled at BA Cityflyer, the main airline operating from London City Airport, in 2024 despite falling passenger numbers. The business, which is wholly owned by British Airways, has posted a pre-tax profit of £20.3m for its latest financial year, according to new accounts filed with Companies House. The latest total comes after the [...]