IAG and Easyjet lead fall in travel shares as Spain and Portugal introduce quarantine for unvaccinated Brits June 28, 2021 Airline stocks including BA owner IAG, Easyjet, and Ryanair all tumbled today as more European countries imposed travel restrictions on UK holidaymakers. FTSE 100 IAG was down 5.8 per cent by the mid afternoon, while budget carrier Easyjet also dropped 5.0 per cent. Fellow blue-chip Rolls-Royce, which makes the engines used by most commercial jets, [...]
Airlines add extra seats to rare green list destinations Gibraltar, Iceland and Israel June 15, 2021 Airlines add extra seats to rare green list travel destinations Gibraltar, Iceland and Israel
Wizz Air says summer flying on course to beat pre-pandemic levels June 9, 2021 Wizz Air’s chief executive today said that the carrier was on track to fly more this summer than it did before the pandemic struck, a rare statement of confidence from an otherwise downbeat industry. Speaking to a conference today, Jozsef Varadi said that the Hungarian flier was already operating at 90 per cent capacity, way [...]
Airline stocks dive and bosses fume after Portugal axed from UK travel ‘green list’ June 4, 2021 Airline stocks dropped as London’s markets opened for trading today after the government removed the one popular holiday destination from its travel “green list”. Wizz Air led the fallers on the FTSE 250, dropping 3.5 per cent by the mid-afternoon, while Easyjet shed 1.9 per cent. Easyjet had added hundreds of extra flights to Portugal [...]
Wizz Air crashes to €576m annual loss as it waits for Covid recovery June 2, 2021 Wizz Air crashes to €576m annual loss as it waits for Covid recovery
Airline passenger numbers creep higher as holidaymakers await green light May 5, 2021 Covid-19 passenger restrictions continued to squeeze airlines’ passenger numbers in April, a year on from the start of the pandemic, although there were some chinks of light for the sector. Ryanair said it flew 1m people last month, twice as many as it did in March, but still millions short of its normal capacity. Compared [...]
Airline shares jump on hopes of Europe-US travel by the summer April 26, 2021 Airline shares jumped today on the back of hopes that travel between the EU and US would open up again this summer. Over the weekend, European Commission President Ursula von der Leyen said that all US citizens who had been vaccinated should be able to travel to Europe by the summer. Her comments sent shares [...]
Wizz Air aiming for 60-80 per cent capacity over summer April 23, 2021 Wizz Air chief executive Jozsef Varadi said that the carrier was planning to fly at 60-80 per cent capacity over the summer months. Speaking at an aviation conference this morning, the Hungarian airline’s boss said that the situation over the summer would be far better than the current circumstances. “I’m expecting something between 60 per [...]
Wizz Air redundancies ‘dangerously influenced’ flight safety culture claims whistleblower April 22, 2021 Covid-19-related redundancies at Wizz Air “dangerously influenced” flight safety culture, a whistleblower has claimed, after the way in which staff were selected for redundancy left them worried to call in sick. Last April London-listed Wizz Air laid off around 1,000 staff – around 20 per cent of its workforce – after a travel shutdown caused [...]
Virgin Atlantic boss expects to fly full fleet by October April 21, 2021 Virgin Atlantic is eyeing October or November this year to be back flying its full fleet, its chief executive said today. The comment forecasts the end of the pandemic crisis for airlines, as the majority of flights have been grounded for over a year. “We are by no means out of this situation, we will [...]