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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...
EasyJet's full-year results were dreadful, but that was expected. The current outlook also suggests the company is focused on cash preservation. Shares have surged with the vaccine news but a lot remains to be seen about future demand, while cash burn continues. The valuation ...
The big economic question is, well, when will the vaccine be ready? That's when travel and other things will be possible again, in volume. It's difficult to invest in the vaccine directly as near all potential makers are insisting they'll make it available at or near cost. Our opp...
European low-cost carrier easyJet has done a good job shoring up its liquidity during the aviation downturn. However, major variables are outside its control - especially the impact of any future lockdowns in key markets. Despite its low price, these risks could drag the name down...
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...
EasyJet (EJTTF) reports capacity was down 38% in FQ4 and 48% for the full year. Looking ahead, capacity is forecast to fall 25% in FQ1.The airline company recorded its first-ever annual loss during the year ended in September, estimates at -£815 to -£845M -£567M."Aviation conti...
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...
Ryanair Holdings (NASDAQ: RYAAY ) plans to cut capacity by 20% in the next two months due to a lower level of bookings over the last ten days amid COVID-19 uncertainty across Europe. More news on: Ryanair Holdings plc, easyJet plc, Consumer stocks news, Read more ...
More from S&P: "We also expect a more gradual recovery to pre-COVID-19 traffic levels by 2024. We do not believe that this revision will have a widespread rating impact across the global portfolio of airlines we rate. However, as we continue to review our rated airlines, it may affect so...
easyJet ( OTCPK:EJTTF ) : Q3 Revenue of £7M (-99.6% Y/Y) More news on: easyJet plc, easyJet plc, Earnings news and commentary, Consumer stocks news, Read more ...
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