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Airbus ([[EADSY]] +1.6%) is said to be the front-runner to sell dozens of narrowbody planes to U.K. leisure travel group Jet2 (DRTGF), Reuters reports, which if concluded would be a blow to current Jet2 supplier Boeing (BA).If confirmed, the deal could involve 50 Airbus jets, worth ~$5B befor...
Global airline body International Air Transport Association is pushing for more aggressive environmental targets for the airline industry as it throws its voice into the pushback against oil majors being generated by activists and shareholders.IATA thinks the backlash against Exxon, Chev...
British airline stocks Jet2 (DRTGF) and easyJet (EJTTF) are both down about 3% in London trading after the U.K. government warns that COVID-19 cases could restrict travel this summer. Social care minister Helen Whately asked people not to book their summer vacations just yet due to the risk o...
Cowen forecasts a slow recovery for the European airline sector."We believe Europe is 4 to 6 months behind the Americas, and that although we saw a big increase in summer bookings when the UK’s Prime Minister indicated he will be reopening in mid-May, we believe those bookings are regi...
Bank of America points to weakening trends in the European airline sector amid a tightening of COVID-19 restrictions. "Systemwide net sales for flights booked in Europe fell to -88% yoy for the week ending 10 January, a deterioration vs. -83% the prior week. International net sales were down ...
A group representing major U.S. airlines is reportedly supporting a proposal by public health officials to start requiring negative tests before most international air passengers return to the U.S. under a global testing program. The effort is being led by Airlines for America, which rep...
COVID-19 measures adopted today in Europe fall short of what is needed to boost demand, according to groups representing airlines and airports.The IATA says the biggest complaint is that the measures fail to propose the replacement of quarantine requirements with coronavirus tests and won't s...
Deutsche Bank explains some of the headwinds for the European airline industry as COVID cases accelerate in certain areas. The analysis could dampen some of the enthusiasm over the ramping up of testing capabilities by airline companies. "Rising COVID-19 infections in numerous EU countries ha...
Prior to the Coronavirus having its huge effect on the airline business, Dart Group ( DRTGF ), the owner of Jet2 and Jet2holidays, was in excellent shape. Their share price was up around 120% in 2019 alone, hitting all time highs. This was primarily fueled by a strong growth on all fronts thro...
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