Spanish economy minister calls for common EU response to airline crisis
11th May 2020 12:53
(Sharecast News) - Spain's economy minister called for a common European Union effort to prop up the struggling airline sector with the aim of maintaining a 'level playing field'.
Read moreWalsh says quarantine would make IAG review flight plans
11th May 2020 12:12
(Sharecast News) - The boss of British Airways' parent said he would reconsider plans to restart flying in July if the UK government went ahead with proposed quarantine measures for passengers arriving in Britain from other countries.
Read moreHeathrow calls on government to lay out roadmap for restarting flights
11th May 2020 11:15
(Sharecast News) - Heathrow called for the government to lay out a plan for airports to restart operations and allow more flights following a drastic fall in passenger numbers due to coronavirus lockdown.
Read moreEasyJet, IAG may need to raise funds due to quarantine plans, Citi says
11th May 2020 09:48
(Sharecast News) - Budget airline easyJet could be forced to raise at least ?700m to ?1bn of capital via an equity issuance as a result of government plans to impose a 14-day quarantine on travellers arriving in the UK from June.
Read moreSunday newspaper round-up: Furloughed staff, Economy, Coronavirus crisis
10th May 2020 22:49
(Sharecast News) - Furloughed staff only able to return to work on a part-time basis could have their wages "topped up" by the government, as part of a gradual redaction of the job retention scheme. Under plans being considered in the Treasury, firms would be encouraged to bring furloughed staff back to work gradually to maintain social distancing and to ease the burden on businesses as they begin to rebuild their operations. - Sunday Times
Read moreHeathrow to start Covid-19 detection trials
6th May 2020 13:59
(Sharecast News) - Heathrow airport is set to kick off trials for technology aimed to screen passengers and workers at airports to detect Covid-19 and prevent its further transmission.
Read moreSome Italian patients report improvement after receiving blood plasma
4th May 2020 18:10
(Sharecast News) - A report surfaced on Monday pointing to clinical benefits from what some observers touted as potentially one of the most promising treatments for the Covid-19 coronavirus.
Read moreUS accuses China of covering up severity of Covid-19 outbreak
4th May 2020 09:07
(Sharecast News) - America's Department of Homeland Security accused China of downplaying the severity of the Covid-19 outbreak in the Asian giant even as it ramped up imports of medical supplies and tried to mask its purchases.
Read moreEasyJet on course for clash with founder Stelios
27th Apr 2020 13:24
(Sharecast News) - EasyJet has called a meeting of shareholders in May to vote on a bid by founder Stelios Haji-Ioannou to oust the airline's bosses in a dispute over a £4.5bn aircraft order.
Read moreMorgan Stanley cuts target prices for airlines, says Covid-19 impact may last longer
23rd Apr 2020 12:13
(Sharecast News) - Analysts at Morgan Stanley downgraded their view on Europe's main airlines from 'in line' to 'cautious' after concluding that the impact of the Covid-19 pandemic on the sector was set to last for longer.
Read moreTed Baker hires easyJet's John Barton as chairman
22nd Apr 2020 08:21
(Sharecast News) - Ted Baker has appointed John Barton, chairman of easyJet, to chair the board of the struggling fashion brand in a move that spreads his workload across two companies in crisis.
Read moreSunday newspaper round-up: Brexit, Travel industry, IWG
19th Apr 2020 17:57
(Sharecast News) - Downing Street's refusal to extend the Brexit transition period is partly based on a concern that the EU will demand "massive" payments to help deal with the impact of the Covid-19 pandemic, The Telegraph has been told. A source close to the negotiations said that paying into an increased EU budget was "clearly not in the national interest", adding: "We need to spend money on our own needs in our own way." - Sunday Telegraph
Read moreFriday broker round-up
17th Apr 2020 13:45
(Sharecast News) - Ferguson: Credit Suisse upgrades to neutral with a target price of 6,181p.
Read moreEasyJet shores up finances with new loans, cost savings
16th Apr 2020 07:01
(Sharecast News) - Budget airline easyJet said it had signed two new taking its liquidity to more than ?3bn, as it said it could last nine months with its fleet grounded.
Read moreActivity at Heathrow set to fall by 90% in April
14th Apr 2020 10:46
(Sharecast News) - Heathrow airport predicted that passenger traffic would plunge by 90% in April due to the travel restrictions in place across the globe.
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