WH Smith shares slid 2.8% to 1,436.6p in early morning trading on Wednesday, after the franchise reported strong FY 2022 travel sector performance, alongside a HY2 impact to its high street business following disruptions to its funkypigeon.com greeting card segment. WH Smith confirmed its FY 2022 trading was in line with management expectations, with HY1 […]

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Wizz Air shares fell 6.2% to 2,183p in late morning trading on Monday after the group announced CFO Jourik Hooghe would be resigning to “pursue opportunities outside the company.” Hooghe said he would remain with the company over the transition period until 31 December 2022, after which he will reportedly be replaced by Ian Malin, […]

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Online travel agent Hostelworld (LON: HSW) recovered strongly in the first half of 2022 and bookings are getting back to pre-Covid levels. Hostelworld is moving towards sustained profitability and the profit will rise rapidly once the group passes breakeven. In the six months to June 2022, revenues were €28m and the reported pre-tax loss was […]

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TUI shares slid 1.4% to 141.3p in early morning trading on Wednesday, following a pre-tax loss of €27 million in Q3 2022 from a loss of €669.8 million in Q3 2021. However, TUI reported a revenue growth to €4.4 billion in Q3 2022 against €649.7 year-on-year, linked to rising travel and tourism activity following the […]

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National Express shares increased 1.1% to 181.2p in late afternoon trading on Thursday after the travel firm announced a 33.6% revenue growth to £1.3 billion in HY1 2022 against £990 million in HY1 2021, representing its highest revenue in a decade. The company reported an EBITDA spike of 54.3% to £197.8 million from £128.2 million […]

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easyJet shares increased 1.2% to 378.7p in early morning trading on Tuesday after the budget airline announced a revenue growth to £1.7 billion in Q3 2022 compared to £213 million in Q3 2021. The travel group reported a passenger revenue climb to £1.1 billion from £152 million the last year, alongside a rise in ancillary […]

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Ryanair shares fell 1.8% to 70.9p in early morning trading on Monday after the budget airline reported a post-tax profit of €170 million in Q1 2023 against a Q1 2022 loss of €273 million, however its profit remained below its Q1 2020 pre-Covid profit of €243 million. The travel firm announced a 602% surge in […]

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SSP Group shares were down 2.5% to 230.9p in late afternoon trading on Thursday after the travel food firm announced a revenue climb to 87% of 2019 levels in its Q3 2022 trading update. The group reported its revenue was driven by an ongoing recovery in passenger numbers and longer passenger presence times in markets. […]

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Wizz Air shares dropped 3.4% to 1,794.6p in late morning trading on Monday following a disappointing slate of results for the budget airline in Q1 2023, including an operating loss of €285 million and a reported loss of €450 million on the back of unrealised FX losses, disruption costs, lower utilisation in Q1 and an adverse […]

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easyJet shares saw an uptick of 0.2% to 444.5p in late morning trading on Tuesday after the budget travel group announced that it had entered into a conditional agreement with Airbus S.A.S. for Airbus to supply 56 A320 neo family aircraft for delivery between FY 2026 and FY 2029. easyJet also proposed the conversion of […]

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easyJet shares were down 2.7% to 424.8p in early morning trading on Monday following a slate of disruptions to the group’s flights, which sent costs beyond the limits of previous guidance and saw passengers flung into chaos. easyJet highlighted that the unprecedent surge in customer demand had led to operational issues including air traffic control […]

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WH Smith shares were up 5.8% to 1,438p in early morning trading after the company announced that it achieved group revenue ahead of 2019 levels for the first time at 107% for the 15 weeks to 11 June 2022. The company reported strong performance in its travel sector, with a 123% boost ahead of 2019 […]

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FirstGroup shares were up 1.6% to 135p in late morning trading on Tuesday, after the travel company reported an operating profit rise to £806.1 million in FY 2022 against £285.8 million in FY 2021. FirstGroup said its operating profit climbed on the back of easing pandemic travel restrictions, with a consequential growth in passenger volumes. […]

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Wizz Air shares were down 5.7% to 2,601p in early morning trading on Wednesday, after the travel firm reported a widened loss of 11.5% to €642.5 million in FY 2022 compared to €576 million in FY 2021. Wizz Air narrowed its operating loss by 11.9% to €465.3 million against €528.1 million, alongside a narrowed EBITDA […]

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SSP Group shares gained 10.3% in early morning trading on Tuesday following a 212.9% revenue growth to £803.2 million in HY1 2022 compared to £256.7 million the previous year. The company credited the lifting of Covid-19 restrictions to the resurgence in travel, leading to an uptick in consumer demand at its units across UK bases. […]

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Consumer spending has been slowed by the UK’s rising cost of living and last month’s record spike in household energy bills. In April, total retail sales in the UK decreased by 0.3% as economic conditions worsened for consumers. The British Retail Consortium pointed to reduction in the sales of items such as electronics, furniture, and […]

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Wizz Air shares were up 1.9% to 2,959p in early morning trading on Tuesday, following the firm’s announcement that it was eyeing a potential expansion into Saudi Arabia. The budget airline met signed a Memorandum of Understanding (MoU) with the Ministry of Investment of the Kingdom of Saudi Arabia (KSA) in a meeting on Tuesday. […]

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Trainline announced a 222% jump in net ticket sales and 181% growth in revenue due to the ease of Covid-19 restrictions supporting the company which led the ticketing platform’s shares to rise 10% to 309p on Thursday. Trainline noted a 222% increase in group net ticket sales to £2.5bn in line with the group’s guided […]

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The price of oil has climbed on Tuesday morning against a weaker dollar, following yesterday’s announcement that Goldman Sachs expects Brent prices to reach $65 per barrel by this summer. A combination of Saudi Arabia’s decision to cut output and anticipation of a Democrat-driven stimulus check in the US has also boosted the commodity – […]

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Toyota has said that it will be stopping production at its British and French plants earlier than expected due to the Covid-19 border disruption. As France banned all freight or cargo from Britain for 48 hours, the group faced shortages of parts. As a result, the engine plant in Deeside in north Wales, the factory […]

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The price of crude oil plummeted on Monday as concerns mount over the rapid spread of a new strain of Covid-19, causing a mass travel ban between the UK and more than 30 other countries around the world as leaders fight to keep the variant from spreading. Known as VUI-202012/01, the new strain was first […]

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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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The transport secretary has announced that “high value” business travellers will no longer have to isolate if they are returning to the UK from a country, not on the travel corridor list. The new rules are applied to bosses of foreign multinational firms and those planning to invest in order to allow “more travel to support […]

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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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Shares at Jet2 plc (LON:JET2) slumped more than 6% on Thursday lunchtime after the airline posted its half-year results, with the coronavirus pandemic driving a £111 million loss in the sixth months leading up to September. The firm reported a group operating loss of £111.2 million for the half-year period, in stark comparison to the […]

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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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WH Smith (LON: SMWH) has posted a pre-tax loss of £280m and scrapped its dividend. The retailer posted a 33% fall in revenue in the year to the end of August to £1bn. WH Smith said on Thursday that it plans to close another 25 shops after the group swung to a loss from a […]

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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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Stagecoach shares (LON: SGC) fell almost 4% on Friday morning. The bus and rail company said in a trading update that the pandemic had impacted demand. Stagecoach said that passenger demand had been steadily recovering since April, however, the continuing uncertainty around the pandemic means it is difficult to predict financial performance. The group said […]

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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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According to an article by Sky News this afternoon, doomed travel agent Thomas Cook could be set to make a revival as soon as this month, as Chinese owner Fosun toys with relaunch plans. An announcement is expected in the coming days, but is highly subject to the “introduction of any further quarantining restrictions on […]

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As passenger numbers plummetted by 80%, National Express (LON: NEX) has posted a £30m loss for the first six months. The coach operator’s profits fell from £139.3m in the same period last year. Although the group recorded a record in January and February, the drop in travel amid the pandemic hit profits. National Express furloughed […]

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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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High street newsagent WH Smith (LON:SMWH) has become the latest UK retailer to announce a restructuring plan after sales were slashed by the impact of the coronavirus pandemic in the first half of 2020. The firm has reportedly begun to consider axing as many as 1,500 jobs – 11% of its total workforce – primarily […]

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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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Airline giant easyJet plc (LON:EZJ) has been accused by prominent pilots’ trade union, the British Airline Pilots’ Association (BALPA), of using staff sickness records to calculate which employees to make redundant as the company pushes ahead with plans to axe 4,500 jobs. The firm is preparing for 727 pilot redundancies as well as shutting down […]

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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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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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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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Go-Ahead Group plc (LON:GOG) shares have dived on Thursday, as the firm updated the market with its’ interim results. David Brown, Group Chief Executive, commented: “Our London & International bus business is performing well and in line with expectations for the full year, while our expectations for our regional bus business have slightly reduced, reflecting […]

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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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Hostelworld Group PLC (LON:HSW) have seen their shares crash on Wednesday following speculation over the coronavirus impact. The hostel booking firm cut its payout as earnings also fell, whilst adding that the ongoing coronavirus issues have caused treading to decline. Hostelworld said that across 2019, revenue was 1.7% lower from €82.1 million to €80.7 million. […]

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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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Saga (LON: SAGA) is considering whether to reduce its dividend, but this is not necessarily a bad thing. The debt burden is significant, and this does not help the share price. Saga talks in its recent trading statement about capital allocation. This is financial speak for considering whether to maintain the dividend. The insurance, travel […]

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WH Smith PLC (LON:SMWH) have reported “good” performance in their trading update on Wednesday, however shares are still in red. Shares in WH Smith trade at 2,480p (-2.36%). 22/1/20 10:36BST. The high street reader said that revenue growth in the 20 weeks period ending January 18 was 7%, however like for like revenue fell by […]

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British multinational transport company National Express Group PLC (LON: NEX) posted bumper fundamentals for the three month period ended 30 September 2019, which it said owed to significant contract wins. The Company booked impressive profit growth of 14.3%, which was led by a 14.5% bounce in revenues. It added that its operating margin was ‘up’ […]

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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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