Airline stocks push FTSE 100 back into the red as coronavirus fears mount March 2, 2020 Airline stocks continued to plunge this morning as more flights were suspended on the back of growing fears over the spread of the coronavirus outbreak. British Airways owner IAG was the FTSE 100’s biggest faller, shedding another nine per cent this morning to land at 426.20. The fall means that since 23 February IAG has [...]
British Airways data breach: How hackers stole customers’ data September 11, 2018 British Airways’ breach last week was caused by the same group of hackers that targeted Ticketmaster, according to cyber security researchers. The cyber attack resulted in 380,000 customers’ personal and financial details ending up in the hands of criminals, with the airline warning those affected to contact their banks and promising full compensation. Read [...]
Coronavirus: Lufthansa suspends flights to China January 29, 2020 Lufthansa has suspended all flights to mainland China until 9 February amid the coronavirus outbreaks. The decision follows similar moves by other airlines in a bid to curb the spread of infection. The cancellation of flights also affects flights run by Lufthansa’s subsidiaries Swiss and Australian Airlines. The airline said it would continue to fly [...]
FTSE airline stocks slump over UK’s Spain travel quarantine July 27, 2020 Airline stocks slumped on the FTSE 100 today in the aftermath of Britain’s move to reimpose a travel quarantine on Spain. The government scrapped a travel corridor between the UK and Spain over the weekend, after the country recorded 900 new Covid-19 cases for two days running last week. Airlines blasted the government’s decision, which [...]
Lufthansa seeking to make equivalent of 22,000 jobs redundant June 15, 2020 German flag carrier Lufthansa is looking to make the equivalent of 22,000 full-time roles redundant as it seeks to restructure after the coronavirus crisis. The airline said that it was aiming to have made agreements with workers’ representatives by 22 June. The job cuts, which will impact 600 pilots, 2,600 cabin crew members and 1,500 [...]
Revealed: The best and worst airlines of 2019 December 19, 2019 British Airways will feel the pressure as it freefalls to a spot alongside the nation’s worst flyers, above only Ryanair and American Airlines, according to a survey by consumer magazine Which. It is a fast fall from grace for the company that topped the tables in 2015 as strikes, IT failures and mass cancellations have [...]
Airline stocks sink for second day amid coronavirus sell-off February 25, 2020 Airline stocks continued their decline today as investors continued to sell over growing fears over the economic impact of the deadly coronavirus outbreak. Norwegian Air was the worst affected, falling almost 13 per cent, whilst budget carrier Easyjet and tour operator Tui both fell around three per cent. British Airways-owner IAG, Ryanair, Lufthansa and Wizz [...]
Airline stocks in freefall as travel restrictions take hold March 16, 2020 Virgin Atlantic, Easyjet and British Airways owner are scaling back flights after a number of countries imposed travel restrictions amid the coronavirus outbreak. British Airways owner, International Consolidated Airlines Group (IAG) and Easyjet will ground aircraft on an unprecedented scale in an attempt to mitigate the effect of the travel restrictions. Virgin Atlantic said it [...]
Wall Street hits record high on vaccine hopes and Biden transition November 24, 2020 US stocks pushed to record highs this afternoon as investors welcomed positive and signs that US President Donald Trump is accepting his election loss. The Dow Jones climbed 1.6 per cent to set a new record high, trading above 30,000 points for the first time. The gains mean it is on track to cement its [...]
Dominic Raab: 13 Britons onboard first international civilian flight out of Kabul September 9, 2021 Thirteen British citizens were among those on the first international civilian flight out of Afghanistan since US troops left, the Foreign Office has said. The Qatar Airways flight landed in the Qatari capital Doha on Thursday, with some 113 passengers onboard, according to Reuters. A second flight is due in Doha on Friday. Foreign Secretary [...]