Dominic Raab defends decision to scrap Spain travel corridor July 26, 2020 Dominic Raab has defended the government’s decision to scrap its travel corridor with Spain at short notice, saying that “we took the decision as swiftly as we could”. The Department for Transport announced yesterday that all travellers coming back from Spain to the UK from today would have to quarantine for 14 days. Spain recorded [...]
Meggitt shares sink over reports firm mulling equity raise August 6, 2020 Engineering firm Meggitt has said it is reviewing its options after reports that the FTSE 250 firm was considering raising new equity to help bolster its finances. Yesterday Bloomberg reported that the aerospace engineer was mulling a $600m (£455m) sale of new stock and was reviewing its debt with advisers. Shares fell 6.2 per cent [...]
Competition watchdog investigates British Airways’ transatlantic flight agreement October 11, 2018 An investigation into British Airways’ revenue-sharing partnership on transatlantic flights is underway, a watchdog announced today. The decade-old Atlantic Joint Business Agreement sees BA, American Airlines, Iberia and Finnair split revenue on all passenger routes between Europe and the US. Read more: Moody's: BA and Easyjet among airlines 'most exposed to a no-deal Brexit' The European [...]
Centrica staff may have to sign new contracts or risk more redundancies July 16, 2020 Workers at British Gas owner Centrica have been told they may have to accept new employment conditions or risk having their jobs cut. It was reported that the services firm has told employees to sign new contracts or risk a second wave of redundancies. Last month Centrica announced that it would slash 5,000 jobs in [...]
Easyjet to restart flights from 15 June, passengers to wear face masks May 21, 2020 Easyjet today committed to restarting some domestic flights from 15 June, with all passengers and crew required to wear face masks. The budget airline will resume a “small number” of flights mainly on domestic routes in the UK and France where “there is sufficient customer demand to support profitable flying”. Easyjet said it plans to [...]
Ryanair cuts 2021 traffic target again over coronavirus, but boosts profit May 18, 2020 Ryanair has slashed its passenger traffic target by another 20 per cent for 2021 as it recorded a 13 per cent rise in profit after tax for its latest full-year. The budget airline revealed the profit jump today but warned it may pull out of some of Europe’s airports over coronavirus travel bans. Michael O’Leary’s [...]
Hong Kong experiences yet another exodus as ‘zero-Covid’ stance bites February 28, 2022 Hong Kong is experiencing yet another exodus as a result of Beijing’s tough ‘zero-Covid’ stance, as outbound flights hit a new pandemic-era record. Major airlines saw a surge in bookings from Hong Kong last week, Bloomberg first reported, despite the global financial hub’s so-called ‘draconian’ Covid-19 restrictions. The city has already seen its population shrink [...]
Coronavirus: Global airlines warn that up to 25m jobs at risk April 7, 2020 Aviation industry body the International Air Transport Association has said that up to 25m jobs could be at risk due to the global slump in travel as a result of the coronavirus outbreak. According to IATA chief executive Alexandre de Juniac, worldwide demand has slumped 70 per cent due to the crisis, with the figure [...]
Wizz Air to fly at 60 per cent capacity in second quarter due to new restrictions September 1, 2020 Low-cost carrier Wizz Air this morning said that it expected to carry 60 per cent of its capacity in the second quarter due to new travel restrictions being imposed as a result of the coronavirus pandemic. In Hungary, the budget airline’s home market, foreign travellers will from today only be able to enter the country [...]
Germany and France could be next on UK quarantine list July 27, 2020 France and Germany could be put on the UK’s travel quarantine list alongside Spain, after seeing increases in coronavirus cases. Analysis by The Telegraph shows that rates of Covid-19 infection are rising across Europe, and that ministers in France and Germany have warned that new lockdowns could be implemented. Dominic Raab said yesterday that the [...]