Easyjet to defer 24 Airbus jet deliveries over next three years
9th Apr 2020 19:16
(Sharecast News) - Easyjet has clinched a deal with jet manufacturer Airbus to defer the delivery of 24 new aircraft over the next roughly three years to boost its short-term liquidity and to ready the business for when the European airspace starts to reopen.
Read moreNumber of Italian Covid-19 infections rises a bit more quickly on Wednesday
8th Apr 2020 20:23
(Sharecast News) - The total number of Italians confirmed as still having Covid-19 increased a bit more quickly on Wednesday than on the day before.
Read moreWednesday broker round-up
8th Apr 2020 12:53
(Sharecast News) - Travis Perkins: JP Morgan downgrades to underweight with a target price of 920p.
Read moreAirlines call for amendment of carbon deal due to coronavirus crisis
8th Apr 2020 11:41
(Sharecast News) - Airlines are lobbying to amend the recently agreed carbon scheme designed to bring down the aviation sector's emissions as the Covid-19 coronavirus crisis makes it harder for carriers to meet their agreed targets.
Read moreEasyJet will have access to ?2.3bn cash reserves this week
6th Apr 2020 13:24
(Sharecast News) - EasyJet should have access to cash reserves of around ?2.3bn later in the week, the budget airline said on Monday, after founder Stelios Haji-Ioannou warned it could run out of money by August.
Read moreAir France-KLM in talks over state-backed bailout - report
3rd Apr 2020 10:17
(Sharecast News) - Air France-KLM is reported to be in discussions about securing a multi-billion euro bailout backed by the French and Dutch governments.
Read moreAir passenger traffic falls at steepest rate since 9/11 in February
2nd Apr 2020 14:29
(Sharecast News) - Air passenger numbers tumbled in February at the steepest rate since the terrorist attacks on the World Trade Centre in 2001, industry data showed on Thursday.
Read moreStelios demands meeting to oust easyJet director
2nd Apr 2020 08:02
(Sharecast News) - EasyJet's founder Stelios Haji-Ioannou has demanded a general meeting to remove a director as the first step in carrying out his threat to pick off board members unless the company cancels a large aircraft order.
Read moreeasyJet grounds fleet as Stelios threatens over Airbus order
30th Mar 2020 07:01
(Sharecast News) - Budget airline easyJet grounded its entire fleet in response to the coronavirus pandemic as founder and major shareholder Stelios Haji-Ioannou threatened to pick off board directors one by one unless the company cancelled a large aircraft order to save cash.
Read moreFTSE 100 movers: Air travel stocks, insurers pace gains
25th Mar 2020 16:50
(Sharecast News) - Shares in air travel-related and insurance companies paced gains on the top-flight index as it extended the previous day's bear market rally amid bargain hunting.
Read moreCiti warns airlines face punitive government bailouts
25th Mar 2020 11:02
(Sharecast News) - Airlines are heading for tough government bailouts to save them from the coronavirus crisis, Citi analysts said as they recommended buying shares of Ryanair and Wizz Air and put 'sell' ratings on Lufthansa and Air France-KLM.
Read moreGlobal airline industry at risk of collapse in 'gravest crisis' yet - IATA
24th Mar 2020 13:51
(Sharecast News) - Governments around the world need to save crisis-hit airlines, a leading industry body has warned, as it forecast revenues would nearly half in 2020 because of the coronavirus pandemic.
Read moreSunday newspaper round-up: Full lockdown, Italy, Coronavirus tests
22nd Mar 2020 18:44
(Sharecast News) - Boris Johnson has said he is prepared to bring in a full lockdown to tackle coronavirus including "restrictions on people's movements" if they do not act "responsibly" and follow social distancing guidelines. The prime minister raised concerns that people are ignoring the public health guidance after huge numbers flocked to parks, beaches and markets. - Sunday Times
Read moreCovid-19: IATA says $200bn could be needed to save airlines
19th Mar 2020 10:51
(Sharecast News) - The International Air Transport Association (IATA) said up to $200bn could be needed to save the industry globally and called for governments in Africa and the Middle East to provide emergency support for airlines hit by the Covid-19 crisis.
Read moreLandlords call for government support during Covid-19 outbreak
17th Mar 2020 11:35
(Sharecast News) - Two leading landlord associations have called on the government to introduce a package of measures to support the rental sector during the coronavirus outbreak.
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