flights

Travel and transport stocks nosedive as countries ban flights from UK

By magenet 1 month ago
British Airways Boeing 787-8 Dreamliner passenger aircraft as seen on final approach flying, touching down, landing and taxiing in Amsterdam Schiphol AMS EHAM International airport in the Netherlands at Polderbaan runway. The wide-body modern and advanced airplane of BA has the registration G-ZBJG and is powered by 2x RR Rolls Royce jet engines. British Airways is the flag carrier of the United Kingdom UK connecting London Heathrow in England to the Dutch city Amsterdam. BAW Speedbird is owned by IAG International Airlines Group and is member of Oneworld aviation alliance. The world passenger traffic declined during the coronavirus covid-19 pandemic era with the industry struggling to survive. Amsterdam, Netherlands on November 18, 2020 (Photo by Nicolas Economou/NurPhoto via Getty Images)
A raft of countries have banned travel from the UK, with Germany, Italy, the Netherlands, Austria, Belgium and Israel, first announcing a travel ban on Sunday. The news knocked travel stocks on Monday. Photo: Nicolas Economou/NurPhoto via Getty Images

Travel, leisure and transport stocks were some of the biggest decliners in the market on Monday after a new variant of the coronavirus in the South East of England forced the UK government to introduce fresh lockdown measures.

British Airways owner IAG (IAG.L) slumped as much as 16% after the opening bell, with jet maker Rolls-Royce (RR.L) not far behind, down 14% in early trade.

Shares recovered slightly during the day but still ended firmly in the red. IAG and Rolls closed 8% and 3% lower, respectively.

EasyJet (EZJ.L) dropped 7% and Ryanair (RYA.L) lost 5%, while cruise-ship operator Carnival (CCL.L)

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Airlines cancel international flights ahead of national lockdown

By 3 months ago

Watch: Major airlines face up to likely winter blues

Airlines have been busy overnight working on plans to cancel the majority of leisure flights in response to England’s impending national lockdown.

Under new rules announced by the Government on Saturday, non-essential travel – both domestic and international – is banned from Thursday November 5 until at least December 2.

That takes all overseas holidays off the table during this period, as well as staycations, given that overnight stays away from home are not permitted.

Paul Charles, CEO of travel consultancy the PC Agency, tells Telegraph Travel: “Airline planning teams are already working on cancelling outbound flights after November 5, and it will be difficult to plan for December based on a lack of visibility as to what will happen closer to Christmas. 

“In the short-term, airlines will be looking at combining scheduled flights returning to the UK, so that

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United adding and restoring October flights for leisure travelers

By 5 months ago

United Airlines announced Friday that it plans to add new routes and restore dozens more routes to its October schedule. The new and returning routes mean the Chicago-based airline will be flying 46% of last October’s domestic schedule, an 8% increase over September.

The airline is also restoring eight Hawaii routes, wagering that Hawaii will allow out-of-state visitors to return without quarantining for 14 days beginning Oct. 1. The Aloha State is already requiring both transpacific and inter-island travelers to submit a digital application with their health and contact information, and once it allows out-of-state visitors to return, officials plan to institute a “resort bubble” that will keep tabs on them but allow them to move between islands.

Forget about a Hawaii vacation until at least October:  COVID-19 spike delays tourism reopening

‘Safe travels’:  Hawaii to require visitors to fill out online form before travel

The airline said it

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Travelers Ebb But China, US Expand Flights: Airlines in Focus

By 5 months ago

Per a recent Airlines for America (A4A) study, the number of air travelers being screened by the Transportation Security Administration (TSA) plummeted nationally. On average, there has been a 50% reduction in flight departures with states like New York, Hawaii, Washington DC, Vermont, Massachusetts and New Jersey reporting more than 80% decline in the TSA checkpoint volumes.

Low Traffic

The latest total traveler throughput as of Aug 17 was 773,319. Prior to the ongoing global health crisis, U.S. airlines were transporting a record 2.5 million passengers and 58,000 tons of cargo each day. As travel constraints and stay-at-home orders were implemented, demand for air travel dropped sharply. In short, the estimated COVID-19-triggered loss outbreak is at least more than $98 billion in the first half of 2020.

Majority of the airline stocks have depreciated over the past week, causing the NYSE ARCA Airline Index to decline 5.6% to $55.94, showing

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