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Airline stocks have soared. They're not in the clear yet
  + stars: | 2021-06-14 | by ( Julia Horowitz | Cnn Business | ) edition.cnn.com + 0.00   time to read: +6 min
A version of this story first appeared in CNN Business' Before the Bell newsletter. You can sign up right hereLondon (CNN Business) Air travel in the United States is back. That's great news for airline stocks, which have rallied this year on hopes that domestic trips would make a return. The problem: Demand for business travel and long-haul flights, a crucial source of income, is still extremely depressed. What a difference a year makes, my CNN Business colleague Chris Isidore writes.
Persons: Darby LaJoye, months.has, American Airlines AAL, Ed Bastian, Bastian, Boris Johnson, Johnson, Joe Biden, Tesla, Elon Musk, bitcoin, Bitcoin, Musk, There's, General Motors GM Mary Barra, Chris Isidore, Morgan Stanley Organizations: CNN Business, Bell, Air, Transportation Security Administration, TSA, American Airlines, Brent, Easyjet, British Airways, IAG, Budget, Bank of America, GM, General Motors GM, Volkswagen Locations: London, United States, COVID, Europe, India, England, United Kingdom, China, Czech Republic, Qatar, Italy, Saudi Arabia, Barra
The pan-European STOXX 600 index rose 0.7% in its sixth straight session of gains and ended the week 1.1% higher, its best weekly performance since early May. Miners jumped 1.9%, lifting UK’s commodity-heavy FTSE 100 by 0.7% after data showed Britain’s economic output in April was a record 27.6% larger than a year before. Travel and leisure stocks bounced from the previous session’s drop. Spanish hotel chain Melia rose 2.0% after its chief executive forecast a return to profitability in June after 15 months in the red. Bank of America’s data showed equity funds saw tiny inflows in the week to Wednesday as investors cut positions in high-growth U.S. stocks while adding some in Europe.
Persons: “ Price, , Michael Hewson, reinsurer Scor, Covea, Sruthi Shankar, Shreyashi Sanyal, Subhranshu Sahu Organizations: Miners, European Central Bank, ECB, BCA Research, British Airways, CMC Markets, London . Bank of Locations: Europe, London ., Bengaluru
Good to Excellent A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star 4.8 out of 5 Stars Editor's Rating Our editor's ratings are primarily based on 3 things: simplicity, affordability, and value. Good to Excellent A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star 4.8 out of 5 Stars Editor's Rating Our editor's ratings are primarily based on 3 things: simplicity, affordability, and value. You would need to cancel your Chase Sapphire Reserve® (or downgrade it to a no-annual-fee card) before applying for a new Chase Sapphire Preferred® Card. Good to Excellent A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star 4.8 out of 5 Stars Editor's Rating Our editor's ratings are primarily based on 3 things: simplicity, affordability, and value. Good to Excellent A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star 4.8 out of 5 Stars Editor's Rating Our editor's ratings are primarily based on 3 things: simplicity, affordability, and value.
Persons: you've, We're, DashPass, Sapphire Preferred's, you'll, Chase, Read, that's, haven't, Dan Miller Organizations: Chase, Chevron, Aer Lingus, Air France, KLM Flying Blue British Airways Executive Club Emirates, JetBlue, Singapore Airlines, Rapid, United, Virgin Atlantic Flying, Sapphire, Chase Sapphire, Sapphire Reserve Locations: Iberia, Hyatt, Cincinnati
Ex-BA boss Walsh pours cold water on United Airlines supersonic jet plan
  + stars: | 2021-06-10 | by ( Reuters Staff | ) www.reuters.com sentiment -1.00   time to read: +1 min
FILE PHOTO: Willie Walsh, head of the International Air Transport Association (IATA), attends a meeting in Brussels, Belgium, March 3, 2020. REUTERS/Johanna Geron/File PhotoLONDON (Reuters) - Supersonic jets do not have a place in the future, Willie Walsh, the former boss of British Airways, said, adding that he would not buy them if he still ran an airline as he dismissed a plan by United Airlines to bring them back. Supersonic passenger travel died out with the retirement of Concorde in 2003, but United said earlier in June it agreed to buy 15 ultra-fast jets from Boom Supersonic. “We’ll watch with interest but no, I wouldn’t be buying it,” Walsh told an airlines conference on Thursday. “I’m not convinced that supersonic transport is the right move going forward.”Walsh, who is now director general of global airlines body IATA, took the helm at BA a year before Concorde was grounded.
Persons: Willie Walsh, Johanna Geron, United, ” Walsh, “ I’m, Organizations: International Air Transport Association, REUTERS, British Airways, United Airlines, Concorde Locations: Brussels, Belgium
But how are investors picking their bets? The reopening hopes, alongside the summer weather, have also boosted hard-hit hospitality sector shares such as pub groups Mitchells and Butler and Wetherspoons. ‘STARTING TO BOOM’More than half of British adults have had two vaccine doses, double the percentage seen in many euro zone countries. Investors are also watching Citi's economic surprise index that measures the degree to which data is beating forecasts. The government has reduced the list of “green” countries tourists can visit, hitting shares in airlines EasyJet and British Airways operator IAG.
Persons: Henry Nicholls, , , Kasper Elmgreen, Jefferies, Travis Perkins, ” Jefferies, Butler, Phil Milburn, Milburn, Liontrust, Nomura, John Keeble, Keeble Organizations: REUTERS, UK Cinema Association, SUN Investment, Kingfisher, Liontrust’s, Milburn, Jefferies, JET, British Airways, Charter Company Locations: London, Britain, Europe, United Kingdom, United States, India, Luton, Iceland, Greece
But how are investors picking their bets? 'STARTING TO BOOM'More than half of British adults have had two vaccine doses, double the percentage seen in many euro zone countries. Investors are also watching Citi's economic surprise index that measures the degree to which data is beating forecasts. The government has reduced the list of "green" countries tourists can visit, hitting shares in airlines EasyJet (EZJ.L) and British Airways operator IAG (ICAG.L). Based on the strength of recent interest, Keeble predicts that leisure travel will return to pre-pandemic levels by mid-2022.
Persons: Toby Melville, Kasper Elmgreen, Jefferies, Travis Perkins, " Jefferies, Phil Milburn, Milburn, Liontrust, Nomura, John Keeble, Keeble Organizations: South Bank, REUTERS, UK Cinema Association, SUN Investment, Liontrust's, Milburn, JET, British Airways, Charter Company, Thomson Locations: London, Britain, Europe, United Kingdom, United States, India, Luton, Iceland, Greece
(Reuters) -European stocks steadied near record highs on Wednesday, with investors holding off on taking big bets ahead of a policy decision from the European Central Bank and U.S. inflation reading later this week. FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, June 8, 2021. REUTERS/Staff/File photoThe pan-European STOXX 600 index slipped 0.1% in morning trade, but stayed just short of a record high of 455.66 hit in the previous session. The wider travel and leisure index rose 0.7% as many European economies charted their way out of COVID-19 lockdowns. “Inflation is creating uncertainty about what central banks will do or say going forward,” said Emmanuel Cau, European equity strategist at Barclays.
Persons: IAG, Germany’s DAX, , Emmanuel Cau, SalMar Organizations: Reuters, European Central Bank, REUTERS, Staff, Air France KLM, Lufthansa, British Airways, U.S, CDC, Big, Rio Tinto, BHP Group, CAC, U.S . Federal, ECB, Barclays, , Danone, RBC Locations: Frankfurt, Germany, COVID, Rio, American, , Oslo
(Reuters) -European stocks remained near record highs on Wednesday, with investors holding off on taking big bets ahead of a policy decision from the European Central Bank and a U.S. inflation reading later this week. FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, June 8, 2021. REUTERS/Staff/File photoThe pan-European STOXX 600 index closed 0.1% higher, but stayed just short of a record high of 455.66 hit in the previous session. The wider travel and leisure index rose 0.9% as many European economies charted their way out of COVID-19 lockdowns. Oslo-based salmon farmer SalMar fell 5.3% to the bottom of the STOXX 600 after it completed a private placement deal.
Persons: IAG, Germany’s DAX, , Chris Beauchamp, Emmanuel Cau, SalMar Organizations: Reuters, European Central Bank, REUTERS, Staff, Air France KLM, Lufthansa, British Airways, U.S . Centers for Disease Control, Prevention, Big, Rio Tinto, BHP Group, CAC, IG, U.S, U.S . Federal, ECB, Barclays, , Danone, RBC Locations: U.S, Frankfurt, Germany, COVID, Rio, American, U.S ., , Oslo
European shares linger near record levels, airlines rise
  + stars: | 2021-06-09 | by ( Reuters Staff | ) www.reuters.com sentiment -1.00   time to read: +1 min
(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)June 9 (Reuters) - European stocks held steady near all-time highs, with investors holding off on taking big bets ahead of a policy decision from the European Central Bank and U.S. inflation reading later this week. The pan-European STOXX 600 index was flat in early trading, just short of a record high of 455.66 hit in the previous session. Airlines, including Air France KLM, Lufthansa and British Airways-owner IAG, rose more than 1% after the U.S. CDC said it was easing travel recommendations on 110 countries and territories. Spanish retail giant Inditex rose 1.3% after reporting a first-quarter net profit of 421 million euros ($513 million) that easily beat analysts’ expectations. French food group Danone slipped 1.5% after RBC downgraded the stock to “under perform”.
Persons: IAG, Sruthi Shankar, Sriraj Kalluvila Organizations: European Central Bank, Airlines, Air France KLM, Lufthansa, British Airways, U.S, CDC, Danone, RBC Locations: Bengaluru
UK launches action against Ryanair, British Airways over refunds
  + stars: | 2021-06-09 | by ( Paul Sandle | Sarah Young | ) www.reuters.com sentiment -0.84   time to read: +2 min
LONDON (Reuters) -Britain’s competition authority said on Wednesday it was launching enforcement action against Ryanair and British Airways over their failure to offer refunds to passengers who were barred from taking flights under lockdown rules. During COVID-19 lockdowns across Britain, instead of offering refunds to those legally unable to fly, IAG-owned British Airways offered vouchers or rebooking and Ryanair providing the option to rebook. British Airways said it had acted lawfully at all times. Both airlines said they had offered their customers flexible booking policies and British Airways said it had issued more than 3 million refunds since the beginning of the pandemic. The watchdog’s enforcement action could lead to court proceedings if a company persistently fails to comply with the its directives.
Persons: Andrea Coscelli, ” Coscelli Organizations: Ryanair, British Airways, Markets Authority, CMA Locations: Britain, COVID
UK launches action against Ryanair and BA over refunds
  + stars: | 2021-06-09 | by ( Reuters Staff | ) www.reuters.com + 0.86   time to read: +1 min
Slideshow ( 2 images )LONDON (Reuters) - Britain’s competition authority said on Wednesday it was investigating whether Ryanair and British Airways had broken consumer law by failing to offer refunds for flights customers could not legally take during the COVID pandemic. “Customers booked these flights in good faith and were legally unable to take them due to circumstances entirely outside of their control. Ryanair said it welcomed the CMA’s update on its review of airline policies on refund requests made by UK consumers whose flights operated during periods of lockdown. “Ryanair has approached such refund requests on a case by case basis and has paid refunds in justified cases,” it said. “Since June 2020, all our customers have also had the ability to rebook their flights without paying a change fee and millions of our UK customers have availed of this option.”
Persons: Andrea Coscelli, Organizations: Ryanair, British Airways, IAG, Markets Authority, CMA Locations: Britain
Stocks hover near highs as bond yields dip
  + stars: | 2021-06-09 | by ( Herbert Lash | Tom Arnold | ) www.reuters.com + 0.00   time to read: +4 min
NEW YORK/LONDON (Reuters) - World stocks hovered near record highs and U.S. bond yields fell on Wednesday as some of U.S. President Joe Biden’s stimulus efforts appeared to be on the rocks, boosting the appeal of technology stocks as inflation pressures ease. The yield on benchmark 10-year U.S. Treasury notes fell 3.7 basis points to 1.4908%, down from 1.528% late on Tuesday. MSCI’s all-country world index, a U.S.-centric benchmark for global equity markets, fell 0.06% to 716.53, down a little more than 1 point from a record peak on Tuesday. The pan-regional STOXX Europe 600 index rose 0.1% to a new record close, but shy of all-time peak on Tuesday. CURRENCIES STEADYInflation data from China showed its producer price index jumped 9.0% from a year earlier, the highest in over 12 years, on surging commodity prices.
Persons: Joe, Brendan McDermid, Elizabeth MacDonough, Sebastien Galy, Joe LaVorgna, , Biden, ” LaVorgna, MSCI’s, Dennis Dick, ” Dick, Britain’s, IAG Organizations: New York Stock Exchange, REUTERS, Senate, Democratic, Nordea Asset Management, Treasury, Dow Jones, Nasdaq, Bright Trading, Apple, GameStop, European Central Bank, Britain’s FTSE, Air France KLM, Lufthansa, British Airways, U.S . Centers for Disease Control, Prevention, Nikkei, Thursday’s, U.S, Deutsche, Brent Locations: U.S, New York City, Treasuries, Natixis, Europe, Asia, Pacific, Japan, Thursday’s U.S, China, Beijing
Ryanair and British Airways could be sued for refusing refunds
  + stars: | 2021-06-09 | by ( Hanna Ziady | Cnn Business | ) edition.cnn.com sentiment -1.00   time to read: +1 min
London (CNN Business) Britain's antitrust regulator is investigating whether Ryanair and British Airways broke the law by refusing to refund customers for flights that they could not legally take during coronavirus lockdowns. In a statement on Wednesday, the Competition and Markets Authority said that the airlines may have breached consumers' legal rights by refusing cash refunds on flights that went ahead during periods of lockdown. During coronavirus lockdowns, the UK government made it illegal to travel abroad for non-essential reasons. These restrictions were lifted on May 17, although the government is still advising against travel to certain countries. Ryanair RYAAY IAG ICAGY The regulator said it would seek to resolve its concerns withand British Airways, which is owned by, before enforcing consumer protection legislation through the courts.
Persons: coronavirus lockdowns, Andrea Coscelli, Read Organizations: London, CNN, Ryanair, British Airways, Markets Authority, Airways
United Airlines and Delta Air Lines are among the six carriers calling for a travel corridor. The chief executives of American Airlines, Delta Air Lines, United Airlines, and JetBlue joined British carriers Virgin Atlantic, and British Airways in urging President Joe Biden and UK Prime Minister Boris Johnson to lift travel restrictions between the two countries. Airlines posted record losses in 2020 after the pandemic forced them to suspend international travel. American Airlines reported a $8.9 billion annual loss in 2020.International airlines are expected to lose up to $157 billion across 2020 and 2021, the International Air Transport Association predicted last year. Many have announced new incentives to encourage people to travel - United offered its MileagePlus passengers a chance to win a year of free flights.
Persons: Joe Biden, Boris Johnson, Scott Kirby Organizations: United Airlines, Delta Air Lines, US, American Airlines, JetBlue, British, Virgin Atlantic, British Airways, UK, US Travel Association, London's, Airlines, International Air Transport Association, United, COVID, Delta Locations: Cornwall, England
REUTERS/Lars HagbergThe Biden administration is forming expert working groups with Canada, Mexico, the European Union and the United Kingdom to determine how best to safely restart travel after 15 months of pandemic restrictions, a White House official said on Tuesday. CDC Director Rochelle Walensky said the travel restrictions are subject to "an interagency conversation, and we are looking at the data in real time as to how we should move forward with that." The Biden administration has faced pressure from some lawmakers who said U.S. communities along the Canadian border have faced economic hardship because of land border restrictions. The United States also bars most non-essential travel at its land borders with Mexico and Canada. On Monday, the heads of all passenger airlines flying between Britain and the United States called on both countries to lift limits on trans-Atlantic travel restrictions.
Persons: Lars Hagberg, Biden, Rochelle Walensky, Joe Biden, Boris Johnson Organizations: Canada, REUTERS, European Union, White, U.S, White House, National Security Council, for Disease Control, CDC, United, American Airlines, British Airways, Delta Air Lines, United Airlines, JetBlue Airways Corp, British, Thomson Locations: United States, Lansdowne , Ontario, Canada, Mexico, United Kingdom, Japan, South Africa, Iran, Europe, Ireland, China, India, Brazil, Britain, Cornwall, England, Washington
Airline bosses call on UK and U.S. to lift trans-Atlantic travel restrictions
  + stars: | 2021-06-07 | by ( Reuters Staff | ) www.reuters.com sentiment -0.99   time to read: +1 min
A British Airways airplane takes off from Faro airport amid the coronavirus disease (COVID-19) pandemic, in Faro, Portugal, June 7, 2021. REUTERS/Pedro NunesLONDON (Reuters) - The bosses of all airlines flying passenger services between Britain and the United States called on Monday for the countries’ governments to relax COVID-19 restrictions to reopen travel routes between the two countries. The pair must use those meetings to agree to restart travel, British Airways chief executive Sean Doyle said in a statement ahead of an online press conference. Since March 2020, the United States has barred nearly all non-U.S. citizens who have been in the United Kingdom within the previous 14 days from entering the country. The need for a reopening is much stronger for Britain-based airlines British Airways and Virgin Atlantic which are not benefiting from a rebounding domestic market like their U.S. peers.
Persons: Pedro Nunes, Joe Biden, Boris Johnson, Sean Doyle, , ” Doyle Organizations: British Airways, REUTERS, Pedro Nunes LONDON, American Airlines, Delta Air Lines, United Airlines, JetBlue Airways Corp, British, Virgin Locations: Faro, Faro , Portugal, Britain, United States, Cornwall, England, United Kingdom, U.S
Airline chiefs urge end to UK-U.S. travel restrictions
  + stars: | 2021-06-07 | by ( Sarah Young | David Shepardson | ) www.reuters.com + 0.00   time to read: +2 min
LONDON/WASHINGTON (Reuters) -The heads of all passenger airlines flying between Britain and the United States called on Monday for both countries to lift trans-Atlantic travel restrictions put in place to fight the COVID-19 pandemic. British Airways chief executive Sean Doyle said lifting restrictions is essential. Slideshow ( 3 images )Reopening is more crucial for Britain-based airlines British Airways and Virgin Atlantic, which are not benefiting from a rebounding domestic market like their U.S. peers. Only the 26 Schengen nations in Europe without border controls, Ireland, China, India, South Africa, Iran and Brazil face the restrictions. “We are in the peak travel season for travel between the US and UK, and every single day that goes by is a day lost for the recovery,” he said.
Persons: Joe Biden, Boris Johnson, Sean Doyle, ” Doyle, Robin Hayes, haven’t, Doug Parker, Scott Kirby, Organizations: American Airlines, British Airways, Delta Air Lines, United Airlines, JetBlue Airways Corp, British, Reuters, Virgin, JetBlue, ” United Airlines, US Locations: WASHINGTON, Britain, United States, Cornwall, England ., Washington, United Kingdom, U.S, Europe, Ireland, China, India, South Africa, Iran, Brazil
That was largely due to points earned from credit card spending, said Matt Schulz, LendingTree's chief credit analyst. More points, less valueDelta, United and Southwest have all devalued their rewards points during the pandemic, meaning members must now pay more points for the same flights, said Sophia Mendel, a travel specialist at ValuePenguin. Southwest verified to CNBC that since April 14 it has required more Rapid Rewards points to redeem flights on all types of fares. Spencer Howard Founder, Straight to the PointsBut Spencer Howard, founder of loyalty points website Straight to the Points, isn't so sure. For example, the number of guaranteed rewards seats on Euro Traveler flights — the airline's short-haul economy flights — will increase from four to at least eight seats.
Persons: DAL AAL UAL, ValuePenguin, Miles, Matt Schulz, LendingTree's, " Schulz, JetBlue's, Sophia Mendel, Delta, Mendel, Spencer Howard, we've, Howard, they're, Schulz, Steve Parsons, Andrea Koos Organizations: Delta Air Lines, American Airlines, United Airlines, Southwest Airlines, JetBlue, Delta Air, Air, Southwest, Qatar Airways, CNBC, United, Airlines, Korean Air, British Airways Locations: Delta, United
Good to Excellent A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star 4.8 out of 5 Stars Editor's Rating Our editor's ratings are primarily based on 3 things: simplicity, affordability, and value. Good to Excellent A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star 4.8 out of 5 Stars Editor's Rating Our editor's ratings are primarily based on 3 things: simplicity, affordability, and value. Credit cards that earn transferable Chase Ultimate Rewards pointsRead more: Preferred versus Reserve: How to decide which Chase Sapphire credit card is right for youAdditionally, some cash-back credit cards like the Chase Freedom Flex℠ and Chase Freedom Unlimited earn rewards in the form of Chase Ultimate Rewards points. How to use Chase Ultimate Rewards pointsIf you're considering a Chase credit card that earns Chase Ultimate Rewards points but want to make sure you'll be able to utilize your points, it helps to know all your options ahead of time. Read more: I'm so convinced Chase Ultimate Rewards is a great deal that I have 4 credit cards just to take advantageBook hotels through the Chase Ultimate Rewards portalWhile the Chase Ultimate Rewards program partners with IHG Rewards, Marriott Bonvoy, and World of Hyatt, it's important to price shop awards before you transfer Chase points to these programs.
Persons: Chase, We're, DashPass, Read, you'll, That's, Holly Johnson Organizations: American, Chase, Sapphire Reserve, Business, Chevron, Sapphire, Chase Freedom, Ink, Apple, Chase Sapphire Reserve, Chase Sapphire, United Airlines, Star Alliance, Air Canada, Lufthansa, Singapore Airlines, British Airways, Oneworld, American Airlines, Cathay, Air France, KLM, Blue, Korean, Sundance Film, TAP Air Portugal, Southwest Airlines, IHG, Bonvoy, Hyatt, Marriott Locations: Chase, Air, Delta, Milan, Italy, Europe, Caribbean, Mexico, Amsterdam, Paris, Singapore, West Coast, Hawaii, IHG.com, Florence, Grand Cayman, Bora Bora, Greece
Live Covid Live Updates: British Tourists Scramble to Leave Portugal Ahead of Quarantine Deadline The global vaccination campaign, lacking funds and supplies, is stalled. British tourists scramble to return from Portugal to meet a new quarantine deadline. And mishaps at factories in the United States have forced producers to sit on 100 million doses as regulators review whether they were tainted. “I’m here to tell you that the United States will not let you stand alone,” she added. The senators did not specify which vaccines Taiwan would receive or when they would arrive.
Persons: Mississippi’s, I’ve, we’ve, Luis Forra, Charles Chiu, , . Chiu, Dr, Chiu, Raphael Minder, Angela Ponce, Peter Hotez, , it’s, Sweden —, Hotez, Henrietta Fore, Ms, Fore, Gavi, Jesus Jiménez, Tony Cenicola, Covid, Jay Varma, Bill de Blasio, that’s, Rory Doyle, Tate Reeves, Mr, Reeves, Biden’s, Saul Martinez, It’s, Tammy Duckworth, Duckworth, Chris Coons, Dan Sullivan, Tsai Ing, Tsai, Biden, Amy Chang Chien Organizations: British, Credit, British Airways, Champions League, New York Times, University of California, Epsilon, ., Getty, World Health Organization, Baylor College of Medicine, Serum Institute of, The New York Times, Vaccine Alliance, UNICEF, Democratic, for Disease Control, Delta State University, CNN, , White, Pfizer, Moderna, BioNTech, Bharat Biotech, U.S, Vaccines, Chinese Communist Party, Central News Agency, United, Alaska Republican, White House, Songshan, U.S ., AstraZeneca, Social Locations: Portugal, British, Britain, India, Faro, Algarve, Porto, San Francisco, California, Europe, Lima , Peru, United States, Argentina, Malaysia, Botswana, Africa, Houston, U.S, Serum Institute of India, Germany, Belgium, Denmark, Japan, Spain, Sweden, Children’s, Democratic Republic of Congo, Congo, York, New York, ” Mississippi, Cleveland , Miss, Tate Reeves of Mississippi, Mississippi, I.C.U, Miami, United, China, Taiwan, Wuhan, Illinois, Chris Coons of Delaware, Alaska, Taipei, South Korea, Beijing, Guangzhou, Guangdong
On hand will be the CEOs of American Airlines (AAL.O), IAG (ICAG.L) unit British Airways, Delta Air Lines (DAL.N), United Airlines (UAL.O) and JetBlue Airways Corp (JBLU.O). The airline CEOs on May 11 had called for a summit between U.S. officials, UK officials, and airlines to discuss how to "expeditiously reopen transatlantic travel." Airline officials had held out hope earlier that by late May, the United States would have lifted travel restrictions on the United Kingdom and Ireland, where new COVID-19 cases have plummeted. (See graphic, Global vaccination tracker: https://graphics.reuters.com/world-coronavirus-tracker-and-maps/vaccination-rollout-and-access/)The travel restrictions also apply to most non-U.S. citizens in Brazil, South Africa, India and Iran. "We certainly understand the desire of many Europeans to come to travel the United States and vice versa," White House spokeswoman Jen Psaki said May 21.
Persons: Kevin Mohatt, Delta, Robert Isom, Isom, Biden, Joe Biden, Jen Psaki Organizations: REUTERS, United, Heathrow Airport, U.S . Travel, American Airlines, British Airways, Delta Air Lines, United Airlines, JetBlue Airways Corp, Airline, Washington National Airport, White, Thomson Locations: Denver , Colorado, U.S, United States, Europe, United Kingdom, France, Paris, Washington, Ireland, Brazil, South Africa, India, Iran
The dollar index fell 0.23% immediately after the data release, down from a multi-week high hit earlier on Friday. U.S. stock futures extended gains, with S&P 500 e-minis up 0.26% following a 0.4% loss for the index overnight. Last month, much-lower-than-expected nonfarm payrolls numbers knocked back those expectations, weakening Treasury yields and the dollar, and the pattern repeated on Friday. Brent futures rose 34 cents to $71.64 a barrel, after reaching the highest since May 2019 in Thursday’s session. U.S. WTI added 40 cents to $69.21 a barrel, just below $69.40 a day earlier, the strongest since October 2018.
Persons: nonfarm, “ It’s, , Gennadiy Goldberg, IAG, WTI Organizations: Federal Reserve, Securities, Treasury, Airlines, British Airways, Wizz, Britain, London Metal Exchange Locations: Asia, Pacific, Japan, New York, Egypt, Sri Lanka, England, Brent, Thursday’s
Global airline body blasts EU safety regulator over Belarus ban
  + stars: | 2021-06-04 | by ( ) www.reuters.com + 0.00   time to read: +2 min
REUTERS/Johanna Geron/File PhotoGlobal airline industry body IATA on Friday criticised a decision by European air safety regulators to ban overflights of Belarus amid outrage over its interception of a Ryanair (RYA.I) jet, saying aviation safety must never be "politicised". The broadside from IATA chief Willie Walsh came after the European Union Aviation Safety Agency (EASA) ordered governments to ban overflights of Belarus by their airlines, upgrading an earlier recommendation. "EASA should rescind its prohibition and allow airlines to manage safety as they do each and every day." "Banning European aircraft from using Belarusian air space with a safety directive is also a politicisation of aviation safety," he said. EU ambassadors acted on Friday to ban Belarusian airlines including national carrier Belavia from the bloc's air space, as many of the bloc's 27 member states have already done.
Persons: Willie Walsh, Johanna Geron, Walsh, IAG, Jozsef Varadi, EASA Organizations: International Air Transport Association, REUTERS, Global, Ryanair, European Union Aviation Safety Agency, EU, British Airways, Qatar Airways, United Nations, Belavia, Thomson Locations: Brussels, Belgium, Belarus, Ryanair Athens, Vilnius, Minsk
U.S. Treasury yields firmed after jumping overnight, while the dollar held onto its biggest gain since April with other currencies subdued ahead of the crucial U.S. nonfarm payrolls data release. Stock markets were listless ahead of the jobs data release, with Japan’s Nikkei earlier falling 0.4% while the broader Topix was about flat. The dollar index held Thursday’s 0.7% rally, its biggest since April, to hover around 90.55. “Clearly, traders are covering USD shorts into the jobs data,” Chris Weston, head of research at brokerage Pepperstone in Melbourne, wrote in a note to clients. U.S. WTI added 17 cents to $68.97 a barrel, just below $69.40 a day earlier, the strongest since October 2018.
Persons: payrolls, IAG, Chris Weston, , WTI Organizations: Treasury, The U.S, Labor, Stock, Japan’s Nikkei, . Airlines, British Airways, Wizz, Britain, London Metal Exchange Locations: 2egbfVh, LONDON, Asia, Pacific, Japan, The, Egypt, Sri Lanka, England, Melbourne, Brent, Thursday’s
European stocks steady ahead U.S. jobs data, airlines slide
  + stars: | 2021-06-04 | by ( Reuters Staff | ) www.reuters.com sentiment -0.99   time to read: +2 min
FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, June 3, 2021. REUTERS/Staff(Reuters) -European stocks inched higher on Friday in cautious trading ahead of U.S. jobs data, with economic recovery hopes putting the main index on course for its third straight week of gains. The pan-European STOXX 600 index was up 0.1%, trading just below its record high hit earlier this week. The data comes ahead of the Fed and the European Central Bank’s policy meeting next week, where investors will watch for hints on tapering of their large bond purchase programmes. Ryanair slipped 1.2% even as its chief executive officer forecast unrestricted movement between Europe and Britain from July onwards.
Persons: pare, IAG, easyJet, William Ackman’s, Tontine Organizations: REUTERS, Staff, Reuters, U.S, Fed, ECB, BCA Research, British Airways, Wizz, Britain, Ryanair, Vivendi, Universal Music Locations: Frankfurt, Germany, Egypt, Sri Lanka, England, Europe, Britain
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