British Airways
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02 апреля, 09:51

British Airways suspends more than 30,000 staff while Heathrow shuts one runway

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Affected BA employees will be paid 80% of their salary under terms of state furlough schemeCoronavirus – latest updatesSee all our coronavirus coverageBritish Airways is to suspend more than 30,000 staff, from cabin crew to ground staff, engineers and head office employees, until the end of May under the government furlough scheme for companies hit by the coronavirus pandemic.Meanwhile Heathrow has announced it will shut down one of its two runways from Monday due to the reduction in flights. A spokesperson for the UK’s biggest airport said: “Although we are seeing significantly fewer flights at the moment, Heathrow will remain open so that we can continue to play a crucial role in helping to secure vital medical goods and food for the nation during this unprecedented epidemic.” Continue reading...

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31 марта, 10:32

BA suspends all Gatwick flights due to coronavirus

British Airways move follows easyJet’s decision to ground all aircraft for at least two monthsCoronavirus – latest updatesSee all our coronavirus coverageBritish Airways is suspending all remaining flights to and from Gatwick, ending the last scheduled flights by UK carriers from the airport during the coronavirus pandemic.The national carrier’s move comes a day after easyJet grounded its entire fleet of aircraft for at least two months. Demand for travel has collapsed in recent weeks as many countries are in partial or full lockdown, forcing airlines to cancel thousands of flights. Continue reading...

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30 марта, 10:43

EasyJet grounds entire fleet of planes because of coronavirus crisis

Firm wants to reduce £4.5bn in spending, including payments for new aircraft from AirbusCoronavirus – latest updatesSee all our coronavirus coverageEasyJet has grounded its entire fleet of aircraft for at least two months and will seek to scale back plans for £4.5bn of spending, including payments for new planes from Airbus, in response to the collapse in demand for air travel because of the coronavirus pandemic.The budget airline said it could not put a firm date on restarting commercial flights and 4,000 of its 9,000 UK staff will be furloughed, initially for two months, from 1 April. Continue reading...

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27 марта, 22:28

Virgin Atlantic to seek millions in state aid amid Covid-19 slump

Bookings drop almost to zero at hard-hit carrier as almost all staff agree to take unpaid leaveCoronavirus – latest updatesSee all our coronavirus coverageVirgin Atlantic is applying for hundreds of millions of pounds in state aid to keep afloat during the coronavirus crisis, after the chancellor told the stricken aviation sector this week he would consider assisting firms on a case-by-case basis.With a purely long-haul and passenger business, Sir Richard Branson’s carrier has been hit hard by the travel bans and does not have the cash reserves of larger rivals such as British Airways or easyJet. Continue reading...

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22 марта, 20:32

'Time is running out': airline industry warns government

EasyJet and Ryanair to stop flying on Monday and less than 5% of passengers expected at airports amid coronavirusCoronavirus – latest updatesSee all our coronavirus coverageAirlines and airports have warned that time is running out for the government to enact promised measures to help the aviation industry, with EasyJet and Ryanair set to stop flying after Monday and less than 5% of normal passenger numbers expected at major airports.Further talks are expected between ministers and the industry on Monday as the government wrestles with how to keep critical infrastructure functioning. Continue reading...

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16 марта, 23:31

Dow suffers biggest-ever points loss as FTSE 100 hits eight-year low

Sharp losses recorded after US interest rate cut, as Bank of England hints at further support to combat turmoil Coronavirus – latest updatesAll our coronavirus coverageThe Dow Jones index suffered its biggest ever one-day points loss on Monday and the FTSE hit an eight-year low as markets were gripped by mounting concerns over the threat of a global recession, despite a coordinated effort by central banks to protect growth and jobs.In an escalation of the worst turmoil since the 2008 financial crisis, stock markets suffered further sharp losses on Monday despite dramatic action taken by the US central bank late on Sunday in an attempt to limit the economic impact of the coronavirus pandemic. Continue reading...

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16 марта, 23:00

A few points to ponder before beginning a bailout of airlines | Nils Pratley

Keep it industry-wide, don’t support shareholders, and offer simple non-lending supportBail out the airlines? Clearly, some form of government support may be needed soon, but a bailout is a misleadingly broad term. Ministers should keep a couple of principles in mind as they respond to ill-defined calls for help.First, financial assistance – which could be loan guarantees or secured lines of credit – is best offered on an industry-wide basis on equal terms to everybody. Those terms also have to be extremely favourable to the state. If an airline wants a state loan secured against an aircraft, for example, it cannot expect that aircraft to be valued at pre-coronavirus prices. Continue reading...

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16 марта, 18:14

Airlines make dramatic cuts to services and call for state bailouts

Aviation consultancy warns that international industry could collapse within monthsCoronavirus – latest updatesSee all of our coronavirus coverageMajor airlines including British Airways, Ryanair, easyJet and Virgin Atlantic announced a dramatic scaling-back of their operations on Monday, including plans to cancel the majority of their flights and ground thousands of planes, with experts and industry executives calling for government bailouts to avoid bankruptcies.The moves came as an aviation consultancy warned that the international airline industry will collapse within months, with the loss of hundreds of thousands of jobs, unless states worldwide inject billions of dollars of emergency funding to see it through the coronavirus “catastrophe”. Continue reading...

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13 марта, 16:59

BA says jobs will go as airline industry faces crisis 'worse than 9/11'

Coronavirus memo says British Airways will be ‘parking aircraft in a way we never have before’ Coronavirus – latest updatesBritish Airways has warned staff it is in a fight for survival and expects to make job cuts and ground an unprecedented number of planes, as it said the coronavirus pandemic has caused a crisis “worse than 9/11” for the airline industry.BA’s chief executive, Alex Cruz, said in a message to 45,000 employees entitled “The Survival of British Airways” that the airline would be “parking aircraft in a way we never have before” after the drop in demand was compounded by the shock US travel ban from Europe announced on Wednesday night. It came as the German media reported that the country’s flagship carrier, Lufthansa, might ground most of its fleet and ask for state aid in the wake of Donald Trump’s surprise move. Continue reading...

12 марта, 22:07

Airlines cut more flights in wake of travel ban to US from Europe

Industry demands government help as shares continue to tumble amid coronavirus outbreakAirlines have axed more flights and demanded urgent government action to help offset the financial impact they are facing from the coronavirus outbreak, as they struggled to digest the impact of Donald Trump’s travel ban to the US from Europe.Shares in the crisis-hit sector tumbled further after the US said it would block foreign nationals arriving from the EU Schengen zone. Many lost about 15% of their value, and are now down more than 50% in the last three weeks. Continue reading...

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09 марта, 17:24

BA, Ryanair and easyJet cancel more flights to Italy due to coronavirus

Passengers offered refunds or rebooking as airlines continue to review their schedulesRyanair is sharply cutting back on the number of flights it operates to and from northern Italy after the government’s lockdown of provinces in response to the coronavirus.The airline’s announcement came after British Airways and easyJet cancelled more flights to northern Italy and offered refunds or rebooking after the Foreign Office advised against all but essential travel to regions operating coronavirus quarantine restrictions. Continue reading...

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07 марта, 10:00

What does coronavirus mean for holidays, travel insurance and gigs?

What you can do to get a refund if your flight, sports match or festival is cancelled Yes. The Association of British Insurers confirmed this week that someone booking a holiday to Spain in, say, June, and buying travel insurance would be covered for cancellation, but only if the Foreign & Commonwealth Office (FCO) later advised against travel to the country. The insurance has to have been bought before a country was declared off limits. Continue reading...

06 марта, 21:20

Coronavirus latest: at a glance

A summary of the biggest developments in the global coronavirus outbreakFollow our latest coronavirus blog for live news and updatesKey developments in the global coronavirus outbreak on Friday include: Continue reading...

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28 февраля, 11:00

Dow plunges by another 1,000 points in worst week for markets since 2008 – business live

Wall Street is suffering fresh losses as world stock markets endure their worst week since the 2008 crisisLatest: Wall Street is tumbling againKudlow tries to calm markets4.15pm: FTSE 100 slumps by another 3.7% Markets lose $5trn in worst week since 2008Introduction: recession fears stalk marketsDow suffered record points fall last night 4.17pm GMT Larry Kudlow, Trump’s national economic council director, was doing his best to calm the markets, arguing the fall has gone too far.But he has a big problem here: Donald Trump.Usually presidents avoid taking credit for rises in the markets because they realize they know events beyond their control can wipe out those gains. Trump, however, has boasted time and again about how he has driven recent rallies in the markets. As criticism mounts about his handling of the outbreak, he runs the risk of owning the fall as well. 4.16pm GMT Despite Larry Kudlow’s best efforts, the Dow Jones industrial average is still DEEP in the red - currently down over 900 points (3.5%). Continue reading...

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07 февраля, 19:58

Can the aviation industry really go carbon neutral by 2050?

Given the take-off in passenger numbers, critics have dubbed the Net Zero pledge as greenwash. It is plausible ... but only justLike all great pledges, it is just the right side of implausible. The UK aviation sector this week committed to making flying “net zero” by 2050, wiping out its carbon emissions despite taking more than 100 million extra passengers into the air each year.At a celebratory event in London, the bosses of airports, airlines and aircraft manufacturers queued to scrawl their signatures on a giant Net Zero pledge card from the Sustainable Aviation [SA] campaign. Continue reading...

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15 января, 15:30

British Airways owner files complaint over Flybe bailout

IAG writes to competition directorate of EU saying rescue deal contravenes state aid rulesThe owner of British Airways has filed an official complaint to the European commission about the bailout of the regional airline Flybe, amid growing political and industry criticism of the government’s rescue deal.IAG has written to the directorate general for competition saying the rescue announced on Tuesday night by ministers, which could include a £100m loan and deferral of an outstanding tax bill, contravenes state aid rules. Willie Walsh, the chief executive of IAG, had earlier described the deal as “a blatant misuse of public funds”. Continue reading...

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09 января, 17:11

Willie Walsh: the pilot who landed the BA top job

Combative and controversial figure who steered British Airways into a global aviation powerhouseWillie Walsh to stand down as IAG chiefOne of aviation’s most compelling characters is heading into the departures lounge, with the imminent retirement of Willie Walsh at 58.The International Airlines Group he led was a creature of his own invention, having steered British Airways into a controversial merger with Iberia. While some criticised the 2011 deal, Walsh has relentlessly pursued the logic of consolidation, and seen IAG become one of the few airline groups to consistently make billions in profits. Continue reading...

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19 декабря 2019, 03:01

British Airways slumps to near bottom in passenger survey

Which? finds BA ranks badly for both long and short haul, but Ryanair still props up tableBritish Airways has taken a nosedive in UK passengers’ opinions and is now rated just above Ryanair at the bottom end of the airline rankings.The flag carrier was among the worst rated for food, seat comfort and value for money on both short and long-haul services in the annual Which? poll. Continue reading...