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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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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International Airlines Group (LON: IAG) has reported a €5.56bn loss for the first nine months of the year. The British Airways owner posted a huge loss as passenger numbers have plunged amid the pandemic this year. Compared to the pre-tax profit of €1.4bn last year, IAG is calling airport testing and the ending of the […]

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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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easyJet shares (LON: EZJ) took a small dip on Thursday as the group released a trading statement for the last 12 months. The budget airline said it is in line for a full-year loss for the first-ever time as passenger numbers have halved amid the pandemic. For the 12 months to 30 September, the group […]

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Back in February, I predicted the two-year gold price rally was not yet at its peak, and that it would hit $1,800 before it consolidated. Now – perhaps alongside a hat inscribed with ‘captain obvious’ – we can say that even my optimistic predictions were reserved, as gold rallied 2% on Monday, to its all-time-high […]

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Shares in aviation firms such as TUI (LON:TUI) and Easyjet (LON:EZJ) dipped sharply on Monday, following the UK government’s decision to require all holidaymakers in Spain to quarantine themselves for a fortnight, upon their return to the UK. The move is a back-step in the ‘return to normal’ programme, and is unlikely to be the […]

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As quarantine rules are relaxed for travellers from dozens of countries arriving in the UK, the airline industry faces a grim few months ahead. The relaxing of lockdown measures around the globe may have seen an initial “explosion” in holiday bookings, but airlines are expecting cautious travellers to opt to stay home for the summer […]

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Government sources have suggested that dozens of countries are to be made exempt from the current compulsory 14-day quarantine period upon arriving in the UK. Last week saw a surge in holiday bookings as rumours began to swirl that the Foreign Office is set to relax its standing “essential travel only” advice to allow for […]

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