Easyjet woes grow after it is hit with massive group action claim over data breach May 22, 2020 Struggling budget airline Easyjet suffered another blow today after it was hit with a massive group action claim following its data breach which was announced earlier this month. Law firm PGMBM today said it had issued the group action claim in the High Court on behalf of customers whose details were exposed in the breach. [...]
Michael O’Leary insists Ryanair will not cancel flights despite quarantine plans June 8, 2020 Ryanair’s chief executive Michael O’Leary has said that the carrier will not cancel flights to and from the UK in light of the new 14-day quarantine rules that came into force today. Speaking to the BBC, O’Leary said insisted flights in July and August would go ahead even if the blanket measures remained in place [...]
Coronavirus: Foreign Office changes travel advice after lockdown in Italy March 8, 2020 The Foreign Office has changed its travel advice stating that it advises against all but essential travel to parts of the country. Following the lockdown in northern regions, the government has advised against travel to the Lombardy region, which includes the city of Milan, and other regions in lockdown. It faced backlash after advising against [...]
US stocks and FTSE 100 fall after Donald Trump gets coronavirus October 2, 2020 US stocks tumbled and the FTSE 100 was lower after US President Donald Trump tested positive for coronavirus just a month before the presidential election. Wall Street’s S&P 500 index was 0.6 per cent lower in early trading, having recovered some ground after a sharp fall at the open. The Dow Jones was down 0.5 [...]
Government to review 14-day quarantine plan every three weeks May 18, 2020 The government will review its 14-day quarantine measure for incoming travellers to the UK every three weeks, the prime minister’s spokesman has said. Speaking at a briefing for journalists, the spokesman said: “Any changes brought in will be subject to a rolling review every three weeks to ensure they are in line with the latest [...]
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 [...]
BA boss warns coronavirus worse than financial crisis for airlines March 13, 2020 The boss of British Airways (BA) has warned that the coronavirus pandemic will have a bigger impact on the airline industry than the financial crisis. BA chief executive Alex Cruz reportedly told staff that the outbreak is a “crisis of global proportions like no other we have known”. The spread of Covid-19 will force the [...]
FTSE 100 tumbles as investors doubt coronavirus recovery May 14, 2020 The FTSE 100 has fallen dramatically and US stocks have turned lower as doubts about the economic recovery set in following a gloomy speech by the governor of the US Federal Reserve. Britain’s FTSE 100 index dropped 2.8 per cent to finish at 5,741 points. That wiped out all of May’s gains. The mid-cap FTSE [...]
Airline stocks rise on lockdown hopes and Lufthansa bailout May 26, 2020 Airline stocks were among the best performers on the FTSE 100 this morning as investors were cheered by further easing of lockdown measures and Lufthansa’s rescue deal. On Monday Germany agreed a €9bn lifeline for Lufthansa, agreeing a bailout plan which gives the government a veto in the event of a hostile bid. The German [...]
Flybe’s government rescue deal is much smaller than you think January 17, 2020 Regional airline Flybe has hit back at claims by its competitors that it has received favourable treatment from the state, after it struck a rescue deal with the government earlier this week. The struggling carrier sought to correct reports that the government had deferred a tax bill of more than £100m to keep it aloft. [...]