Aer Lingus planning to cut 20% of workforce - report
1st May 2020 15:09
(Sharecast News) - Aer Lingus was said on Friday to have told unions it's looking to make staff cuts of around 20% due to the coronavirus pandemic.
Read moreSpain backs €1bn of loans to IAG's Iberia and Vueling
1st May 2020 07:45
(Sharecast News) - International Airlines Group said its Iberia and Vueling airlines had agreed to borrow just over €1bn (£880m) from banks with backing from the Spanish government to support them during the Covid-19 crisis.
Read moreAirlines could take five years to recover from Covid-19 crisis
29th Apr 2020 15:43
(Sharecast News) - Planemaker Airbus warned on Wednesday that the recovery in the aviation industry from the coronavirus crisis may take up to 5 years time as airlines turn to layoffs and pay reductions as they fight for survival.
Read moreAirbus warns of 'gravest crisis' as Covid-19 hits results
29th Apr 2020 08:52
(Sharecast News) - Airbus said the aerospace industry faced the 'gravest crisis' in its history as the airplane maker reported first-quarter figures hit by the early effects of the Covid-19 emergency.
Read moreIAG announces up to 12,000 redundancies in wake of Covid-19 crisis
28th Apr 2020 17:52
(Sharecast News) - International Airlines Group announced thousands of redundancies in anticipation that the recovery in international air traffic might take several years.
Read moreDeutsche Bank names IAG as short-term 'buy' in anticipation of recovery
28th Apr 2020 13:28
(Sharecast News) - Analysts at Deutsche Bank touted shares of International Airlines Group as a short-term buy idea after their valuation fell below their long-term average and in anticipation of a recovery in earnings coming out of the Covid-19 induced recession.
Read moreSpanish authorities say progress in containing Covid-19 'better than expected'
23rd Apr 2020 14:49
(Sharecast News) - The spread of the Covid-19 pandemic in Spain is progressing more slowly than authorities had feared, the head of the country's emergency services said.
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 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.
Read moreSunday newspaper round-up: Tesco, Parliament, Jaguar Land Rover
12th Apr 2020 12:53
(Sharecast News) - Property consultant Altus calculates that, of the £11bn in business rates relief granted in England, about £3bn will go to food retailers. A bailout package meant to prop up businesses facing closure is filling the supermarkets' coffers even as they enjoy record sales. Tensions were raised last week when Tesco, the biggest beneficiary, said it would pay a final dividend of £635m for 2019-20, about 15% higher than the City had expected. Chief executive Dave Lewis reminded critics that it related to performance before the virus drove food-buyers to the supermarkets. He also said that measures to keep Tesco running during the crisis would result in extra costs of £650m-£925m. - Sunday Times
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 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 moreEurope open: Stocks rally amid fall in Covid-19 fatalities
6th Apr 2020 12:24
(Sharecast News) - Stocks on the Continent were rallying at the start of the week, boosted by news of falling death rates in France, Italy and Spain, together with a noticeable drop in the rate of new infections in the latter.
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 moreRyanair sees traffic collapse as airspace closes
3rd Apr 2020 08:49
(Sharecast News) - Ryanair saw air traffic plunge in March, and warned it expected to carry minimal "if any" traffic in the coming months.
Read more