Aviation and renewables company Esken (LON: ESKN) is the largest faller on the Main Market today following its full year results. The share price slumped 23.8% to 2.82p. The company does have significant break up value, though. In the year to February 2023, revenues increased from £104.6m to £130m, while the underlying loss reduced from […]

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Velocys shares gained 1.7% to 5.7p in early morning trading on Tuesday, after the firm reported a revenue surge to £8.3 million in its 2021 results compared to £200,000 year-on-year. The sustainable fuels technology company highlighted administrative expenses of £13.3 million against £9.2 million the previous year, alongside an operating loss of £9 million from […]

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EasyJet (LON: EZJ) has said that it will only run 20% of planned fights for the remainder of 2020. The budget-airline made the announcement as the UK has entered a second lockdown and travel restrictions urge people not to holiday within the UK and abroad until 2 December. “EasyJet now expects to fly no more […]

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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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Ryanair (LON: RYA) has reported a €197m (£177.8m) loss in the first half of 2020. The budget airline saw 99% of its fleet grounded from mid-March to the end of June. Since the end of lockdown, Ryanair has flown just 20% of passengers compared to last year’s summer period. Revenue fell by 78% to €1.18bn […]

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Rolls-Royce shares (LON: RR) plunged 56.7% today after the FTSE 100 firm voted in favour of a £2bn rights issue. Shares in the engine-maker were trading at 94.85p today, which is a 95% fall in value over the course of the year. Shares are currently their lowest since April 2003. Yesterday shareholders voted in favour […]

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New aircraft orders have hit a record low over September. No new orders were placed during the month of September and just 13 orders were made over the whole quarter – a 91.4% fall compared to the same period last year. July saw four orders, whilst in August there were nine. It is the worst […]

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Heathrow is now offering rapid Covid-19 testing for passengers flying from London to Hong Kong and Italy. Tests available at the airport will cost £80 and results will be made available within the hour and will be offered by British Airways, Virgin Atlantic, and Cathay Pacific. “Many other countries are already using testing to keep […]

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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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London City Airport has become the latest in the aviation sector to announce a swathe of job cuts, amid plans to lay off 239 staff as part of a “crucial restructuring” drive prompted by the coronavirus pandemic. The airport, which is based in East London and serves a largely business clientele, was shut for three […]

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A press release by British engineering giant Rolls-Royce Holding plc (LON:RR) published on Thursday has outlined the company’s £2 billion loan withdrawal to help see it through the tail-end of the coronavirus crisis. Shares at the company have plummeted by more than 8% on the back of the news. Covid-19’s long shadow Rolls-Royce has warned […]

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Fastjet (LON:FJET) are a firm that have been under pressure over the last few months, and today they have updated the market following a tough few months. Fastjet updated shareholders today by telling them that trading had been in line with management expectations and stated the need for further funding by the end of February […]

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German travel and tourism company TUI AG (LON: TUI) issued a statement today, in response to what has been a strong start to the week’s trading for the Company, following the capitulation of its counterpart, Thomas Cook. The Company reported ‘balanced results’, with demand shifting from Western to Eastern Mediterranean locations, and their Turkish destinations […]

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Aviation services Company John Menzies plc (LON: MNZS) has seen its share price dip following its latest trade update, which enclosed that the Company were expecting reduced earning on-year. John Menzies said that the reduced earnings reflected what had been a challenging period for the aviation industry, with their business particularly hampered by weak cargo […]

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