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 [...]
Wizz Air dives to €590m loss as wait for recovery goes on April 15, 2021 Wizz Air came back down to earth with a bump this morning as the firm braced itself for a net loss of up to €590m for the full financial year. The Hungarian flier warned that it did not expect traffic to pick up until late in the summer due to continued restrictions across its core [...]
Wizz Air replaces ops chief after he told team to list pilots for redundancy who ’caused grief’ April 8, 2021 Wizz Air has replaced its flight operations chief after he was recorded telling his team to draw up a redundancy list of pilots who were often sick or “caused grief” while sparing cheaper contract crew. In a letter to staff dated April 4, seen by Reuters, Wizz said its head of flight operations Darwin Triggs [...]
Wizz Air’s largest investor sells £400m stake in carrier March 16, 2021 Wizz Air’s largest shareholder has sold half of its stake in the Hungarian airline for £400m, it was announced this morning. Private equity firm Indigo Partners had owned 17.5 per cent of the FTSE 250 flier, but will now have a stake of about 8.5 per cent. The sale was carried out via an accelerated [...]