Founder Philip Meeson sold five million shares in airline and tour operator Jet2 (LON: JET2) following the AGM earlier in the month. This reduces his stake by 2.3% to 15.4%. That is still the largest shareholding in the company. He stepped down from the board one year ago. Non-exec director Rachel Kentleton bought 1,801 shares […]

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IAG will not provide a profit guidance because of the uncertainty surrounding restrictions IAG, the owner of British Airways, confirmed on Friday that it fell to a €2bn (£1.7bn) H1 loss as travel restrictions continue to work against the airline. The firm flew at a capacity of 21.9% during Q2, while it is expecting this […]

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Lundgren warned against the impact of the UK government’s actions on the airline industry The chief executive of EasyJet (LON:EZJ) said on Wednesday that he does not anticipate the ‘Indian strain’ of coronavirus to be the most significant obstacle for the coming European travel season. Johan Lundgren added that another summer without travel would be […]

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EasyJet expecting to fly up to 20% of its 2019 capacity in the coming months to June this year The CEO of EasyJet (LON:EZJ) has given hope to British people itching to go on holiday this summer. The airline said that, on the basis of current travel restrictions, it was expecting to fly up to […]

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Travel shares take a hit following news Fines of £5,000 are set to be introduced for people from England who travel abroad before the end of June as the country is taking measures to control its borders. While the government is still reviewing the possibility of international travel in April, ahead of a possible return […]

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Shares across the UK’s largest airlines plummeted on Monday morning following the announcement of widespread travel bans to prevent the spread of the new Covid-19 variant. Easyjet (LON:EZJ) saw its shares freefall a hefty 9.34%, while British Airways’ parent firm IAG (LON:IAG) reported an 8.89% drop, and Ryanair (LON:RYA) a 5.11% dive just after midday. […]

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Trading platform, IG Prime, published a white paper laying out the views of 253 hedge fund managers, on which sectors are most likely to grow over the next twelve months. Within the 41-page document, titled ‘Hedge fund trends: Covid-19 vs the global financial crisis’, 73% of those surveyed said that health and pharma will increase […]

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Easyjet (LON: EZJ) has posted its first-ever full-year loss, sinking £1.2bn into the red. For the year ending 30 September, the budget airline saw passenger numbers half from 96.1m to 48.1m amid travel restrictions and social distancing measures. Easyjet also said that it will only fly at 20% capacity for the first quarter of the […]

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Wizz Air (LON: WIZZ) has reported a €243.1m (£219m) for the six months ended 30 September 2020. The budget airline carrier had a 70% plunge in passengers in the period, down from 22.1 million for the same six months the previous year. Revenue at the group also fell by 71.8% from €1,670.8m to €471.2. József […]

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Whilst the FTSE 100 slid by 0.5% in Tuesday’s early trading, airline shares had a small rise. Airline shares in IAG (LON: IAG), Rolls-Royce (LON: RR), easyjet (LON: EZJ) all increased this morning thanks to rumors the government may be considering the introduction of Corona testing on arrivals – and cut the quarantine period. Rolls-Royce […]

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Shares at International Consolidated Airlines Group (LON: IAG) have slid almost 4% after British Airways (BA) chief executive Alex Cruz told MPs: “We’re still fighting for our own survival”. Concerns over the struggling airline came to ahead as Cruz spoke to the Transport Select Committee on Wednesday, confirming a slump in travel caused by the […]

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Virgin Atlantic – partly owned by British entrepreneur and billionaire Sir Richard Branson – has filed for bankruptcy protection in the US, just weeks after securing a £1.2 billion rescue deal to save the airline from impending collapse. According to Sky News, a US court has heard that Virgin Atlantic is seeking protection under Chapter […]

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Virgin Atlantic is set to announce a £1 billion rescue deal from Atlanta-based financial services firm First Data, in a last-ditch attempt to avoid collapse without relying on taxpayers’ money. The airline, launched in 1984 by British business tycoon Richard Branson, has struggled to stay afloat during the coronavirus pandemic due to almost universal travel […]

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TUI AG (LON:TUI) have announced that they have decided to suspend the majority of their operations, following the escalation of the current coronavirus crisis. The firm noted in a press release this morning, that it this move would be affecting its’ “package travel, cruises and hotel operations”. The firm commented: “In this rapidly changing environment […]

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Wizz Air Holdings (LON:WIZZ) have told the market that they have taken some precautionary measures to limit the impact of the coronavirus. Last week, British stocks faced a bruising after reports suggested that the coronavirus was in the UK and also had reached Italy. There was no surprise that airline stocks had received the largest […]

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Wizz Air Holdings PLC (LON:WIZZ) have announced their intentions to launch operations in Abu Dhabi. The FTSE 100 airline firm said that operations should commence this Autumn, following the completion of a partnership agreement. The announcement to move into the Middle East was made a few months back, in December – and the firm said […]

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TUI (LON:TUI) have given shareholders a mixed update on Tuesday, following a turbulent period of trading for all names in the airline and travel industry. The travel and holiday operator reported a widened first quarter adjusted loss, and therefore changed its guidance range for annual earnings. The firm also said that continued delays with Boeing […]

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Ryanair Holdings PLC (LON:RYA) have seen a rise in passenger traffic in the first month of 2020. The firm also praised the growth of its spin off Australian firm Lauda, which has seen strong growth over the last few months. The budget airline told the market that total traffic for January totaled at 10.8 million […]

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Ryanair Holdings plc (LON:RYA) have reported strong festive trading on Monday morning, as shares have sustained in green. Across its third quarter, which included the festive period the budget airline reported a profit which teased shareholder’s excitement. Notably, Ryanair saw a loss last year and the update today certainly shows progress in what seems to […]

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Wizz Air Holdings (LON:WIZZ) have seen their shares in green on Wednesday, as the firm lifted its full year profit guidance. In the quarterly update, Wizz Air said that they had seen passenger numbers climb across its financial quarter, which led shares to jump 1.58%. Shares in Wizz Air trade at 4,174p (+1.56%). 29/1/20 10:53BST. […]

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easyJet PLC (LON:EZJ) have seen their shares in green as the firm gave an impressive update to shareholders. Shares in easyJet trade at 1,507p (+3.97%). 21/1/20 11:00BST. “easyJet has delivered a strong performance in the quarter. The delivery of self-help initiatives, robust customer demand and low levels of competitor capacity drove outperformance in both our […]

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