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Ryanair, Europe's largest budget airline, is expanding to more than 100 domestic routes this summer from 60 before the pandemic. It could move ahead of Alitalia on its home turf in the second quarter, according to consulting firm AlixPartners. "We are now moving to the next level" in Italy, by building outbound bases and moving into the "very significant" domestic market, Wizz Air CEO Jozsef Varadi told Reuters. Wizz is set to grow from zero to 10% of the domestic market this summer, AlixPartners said. "Since they have no competitors, the low-cost airlines do what they want," said Franco Gattinoni, chairman of major Italian travel firm Gattinoni.
Persons: Kacper, AlixPartners, Jozsef Varadi, Franco Gattinoni, Gattinoni, Eddie Wilson, Wilson, Michele Mauri, James Halstead, Fabio Lazzerini, Davy Stockbrokers, Stephen Furlong, Furlong Organizations: Air Airbus, London Luton Airport, REUTERS, Alitalia, Ryanair, Italia, European Commission, Wizz, Reuters, Air, Lufthansa, Ryanair DAC, Ryanair Group, AlixPartners, Aviation, ITA, Thomson Locations: Luton, Britain, Rome, Italy, Milan, EU, Italian, AlixPartners Italy, Europe
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
Wizz Air warns of more losses in current 'transition year'
  + stars: | 2021-06-02 | by ( ) www.reuters.com sentiment -1.00   time to read: +1 min
A Wizz Air Airbus A320 at Luton Airport, Luton, Britain, May 1, 2020. REUTERS/Andrew BoyersEuropean budget airline Wizz Air (WIZZ.L) warned of further losses in its current financial year, amid a slower-than-expected recovery from the COVID-19 pandemic. "Unless we see an accelerated and permanent lifting of restrictions we expect a reported net loss in full-year 2022," Varadi said. The underlying full-year loss excluding fuel hedging deficits amounted to 482 million euros, Wizz said, on a 73% revenue decline to 739 million euros. Liquidity stood at 1.617 billion euros as of March 31, with the company burning cash at a rate of 84 million euros for the last quarter.
Persons: Andrew Boyers, Jozsef Varadi, Varadi, Wizz Organizations: Air Airbus, Luton Airport, REUTERS, Wizz, Thomson Locations: Luton, Britain, Hungarian
Wizz Air warns of more losses in 'transition year'
  + stars: | 2021-06-02 | by ( ) www.reuters.com sentiment -0.99   time to read: +2 min
A Wizz Air Airbus A320 at Luton Airport, Luton, Britain, May 1, 2020. REUTERS/Andrew BoyersEuropean budget airline Wizz Air (WIZZ.L) warned of further losses in its current financial year, amid a slower-than-expected recovery from the COVID-19 pandemic. "Unless we see an accelerated and permanent lifting of restrictions we expect a reported net loss in full-year 2022," Varadi said. The underlying full-year loss excluding fuel hedging deficits amounted to 482 million euros, Wizz said, on a 73% revenue decline to 739 million euros. Liquidity stood at 1.617 billion euros as of March 31, with the company burning cash at a rate of 84 million euros during the entire last quarter.
Persons: Andrew Boyers, Jozsef Varadi, Varadi, Wizz, Mark Simpson Organizations: Air Airbus, Luton Airport, REUTERS, Wizz, Ryanair, retrench, Thomson Locations: Luton, Britain, Hungarian, London
Capital Calls: Ryanair’s legal win lacks victory lap
  + stars: | 2021-05-19 | by ( ) www.reuters.com sentiment -0.98   time to read: +1 min
-----------------------------------------------LEGAL AID. Ryanair (RYA.I) has scored half a legal victory over state aid to its rivals. Europe’s second-highest court ruled on Wednesday that the European Commission was wrong to approve a 3.4 billion euro Dutch government bailout for KLM and a similar 1.2 billion euro Portuguese package for local carrier TAP read more . The same is true of the court’s recognition that unwinding the Dutch aid would have “particularly damaging consequences” for the Netherlands’ economy. Ryanair’s consolation prize is knowing that its lawyers probably helped keep the bailouts within the bounds of acceptability.
Persons: Europe’s, Ed Cropley Organizations: Ryanair, Luton Airport, European Commission, KLM, TAP, U.S Locations: Britain, Netherlands
British Airways cancels flight to Tel Aviv amid escalating conflict
  + stars: | 2021-05-13 | by ( ) www.reuters.com sentiment -0.99   time to read: +1 min
REUTERS/Hannah McKayBritish Airways (ICAG.L) cancelled its flights to and from Tel Aviv on Thursday, the latest international carrier to avoid flying to Israel amid an escalating conflict there. "The safety and security of our colleagues and customers is always our top priority, and we continue to monitor the situation closely," British Airways said. United Airlines (UAL.O), Delta Air Lines (DAL.N) and American Airlines (AAL.O) on Wednesday all cancelled flights between the United States and Tel Aviv. read moreBritish airline easyJet (EZJ.L) said that it was not yet cancelling its flights to Tel Aviv. Its next flight there is from Berlin and not scheduled until May 16, with a service from London Luton to Tel Aviv scheduled for May 18.
Persons: Hannah McKay Organizations: British Airways, Heathrow Airport, REUTERS, Hannah McKay British Airways, United Airlines, Delta Air Lines, American Airlines, Wednesday, Hamas, Thomson Locations: London, Britain, Tel Aviv, Israel, United States, Gaza, Berlin, London Luton
European airlines cancel Tel Aviv flights amid escalating conflict
  + stars: | 2021-05-13 | by ( Sarah Young | ) www.reuters.com sentiment -0.99   time to read: +2 min
REUTERS/Hannah McKayBritish Airways (ICAG.L), Virgin Atlantic and Iberia all cancelled flights to Tel Aviv as European carriers joined U.S. airlines in avoiding flying to Israel amid an escalating conflict there. UK-based Virgin Atlantic cancelled a flight there late on Wednesday and said it was reviewing whether to operate its Thursday evening flight. United Airlines (UAL.O), Delta Air Lines (DAL.N) and American Airlines (AAL.O) on Wednesday all cancelled flights between the United States and Tel Aviv. read moreBritish airline easyJet (EZJ.L) said that it was not yet cancelling its flights to Tel Aviv. Its next flight there is from Berlin and not scheduled until May 16, with a service from London Luton to Tel Aviv scheduled for May 18.
Persons: Hannah McKay Organizations: British Airways, Heathrow Airport, REUTERS, Hannah McKay British Airways, Virgin, U.S, Virgin Atlantic, Tel, United Airlines, Delta Air Lines, American Airlines, Wednesday, Thomson Locations: London, Britain, Virgin Atlantic, Iberia, Tel Aviv, Israel, United States, Jerusalem, Gaza, Berlin, London Luton
UK-based Virgin Atlantic cancelled a flight to Israel late on Wednesday and said it was reviewing whether to operate its Thursday evening flight. "Due to the current situation in Israel, Lufthansa is suspending its flights to Tel Aviv until Friday, May 14," the airline said. Wizz Air (WIZZ.L) said it had delayed its Thursday flight from Abu Dhabi to Tel Aviv until Friday. British airline easyJet (EZJ.L) said that it was not yet cancelling its flights to Tel Aviv. Its next flight there is from Berlin and not scheduled until May 16, with a service from London Luton to Tel Aviv scheduled for May 18.
Persons: Hannah McKay, Ben Gurion, Ramon, Flydubai Organizations: British Airways, Heathrow Airport, REUTERS, Hannah McKay British Airways, Virgin Atlantic, Lufthansa, U.S, Ben Gurion, Ramon Airport, Israel Airports Authority, El Al Israel Airlines Ltd, El, Tel, Reuters, United Airlines, Delta Air Lines, American Airlines, Wednesday, El Al, Thomson Locations: London, Britain, Iberia, Tel Aviv, Israel, Gaza, Israel's, Ramon, Eilat, Ben, Brussels, Madrid, Abu Dhabi, Dubai, United States, Jerusalem, Berlin, London Luton
European new car sales jump 87% year-on-year in March: ACEA
  + stars: | 2021-04-16 | by ( Reuters Staff | ) www.reuters.com sentiment -0.65   time to read: +1 min
REUTERS/Neil Hall/File PhotoBERLIN (Reuters) - European car registrations jumped in March, industry data showed on Friday, recovering from the collapse seen a year ago when coronavirus lockdowns and accompanying uncertainty across Europe took a toll on sales. New car registrations rose by 87.3% year-on-year to 1,062,446 vehicles in the European Union, figures from the European Automobile Manufacturers’ Association (ACEA) showed. Italy, the first country to lock down in Europe last year, posted the biggest increase of 497%, followed by France on 192% and Spain on 128%, while Germany saw sales rise 36%. Sales at Volkswagen and Stellantis to the EU, Britain and the countries of the European Free Trade Association (EFTA), rose by 46% and 140% respectively, while Renault reported a rise of 70%. Luxury automakers also saw sales jump in March, with BMW reporting a rise of 43% and rival Daimler reporting a 11% rise.
Persons: Neil Hall, coronavirus lockdowns Organizations: REUTERS, BERLIN, European Union, European Automobile Manufacturers ’ Association, Volkswagen, EU, European Free Trade Association, Renault, BMW, Daimler Locations: Luton, Britain, Europe, Italy, France, Spain, Germany
Wizz Air forecasts gradual travel recovery into late summer
  + stars: | 2021-04-15 | by ( Reuters Staff | ) www.reuters.com sentiment -1.00   time to read: +1 min
FILE PHOTO: A Wizz Air Airbus A320 at Luton Airport, Luton, Britain, May 1, 2020. REUTERS/Andrew BoyersLONDON (Reuters) -Hungarian low cost airline Wizz Air forecast flying would only recover gradually into late summer, as the travel industry enters a second year of pandemic restrictions. Wizz Air said on Thursday it thought the pace of the travel recovery would pick-up as national vaccination programmes made progress in its key markets, which include Hungary, Britain, Poland and Italy. For the 12 months to the end of March 2021, it said it would report an underlying loss of between 475 million euros and 495 million euros. It burned through 87 million euros in the three months to the end of March and said it continued to focus on reducing costs.
Persons: Andrew Boyers, Wizz, Organizations: Air Airbus, Luton Airport, REUTERS, Andrew Boyers LONDON, Wizz Air, British Airways Locations: Luton, Britain, Hungary, Poland, Italy
PARIS (Reuters) - Low-cost carrier Wizz Air has replaced its flight operations chief after he was apparently recorded telling his team to draw up a redundancy list of pilots who were often sick or “caused grief” while sparing cheaper contract crew. FILE PHOTO: A Wizz Air Airbus A320 at Luton Airport, Luton, Britain, May 1, 2020. Reuters was unable to reach Triggs for comment or to determine whether he was speaking in the recording. Three months after the purported meeting, Wizz announced a “Cabin Crew to Captain” programme to retrain flight attendants as pilots. In the recording, the manager also suggests that pilots employed via a Dutch outsourcing firm should be left largely untouched.
Persons: Andrew Boyers, Wizz, Darwin Triggs, , Organizations: PARIS, Wizz, Air Airbus, Luton Airport, REUTERS, Reuters, Flight Locations: Luton, Britain, Budapest, Europe
New boss appointed at Stellantis' UK brand Vauxhall
  + stars: | 2021-01-20 | by ( Reuters Staff | ) www.reuters.com sentiment -0.99   time to read: 1 min
FILE PHOTO: A man walks across an empty car park at the Vauxhall car plant in Ellesmere Port, Britain, June 22, 2020. REUTERS/Phil NobleLONDON (Reuters) - A former Nissan executive, Paul Willcox, will become the new boss of carmaker Stellantis’ British brand Vauxhall, the company said on Wednesday as an investment decision looms for its English car factory. Stellantis, forged from the merger of Peugeot and Fiat’s parent companies, owns the Opel brand, which trades as Vauxhall in Britain, and makes the Astra car at its Northern English factory and the Vivaro van at a southern English site in Luton. Willcox replaces Stephen Norman who will become Senior Vice President for sales at Opel/Vauxhall worldwide.
Persons: Phil Noble LONDON, Paul Willcox, carmaker Stellantis, Willcox, Stephen Norman Organizations: Vauxhall, REUTERS, Nissan, Peugeot, Opel, Astra Locations: Ellesmere Port, Britain, Luton
Hospitals in England Struggle in the Grip of the Virus
  + stars: | 2021-01-15 | by ( Josh Holder | Marc Santora | ) www.nytimes.com + 0.00   time to read: +13 min
Note: This data includes only general and acute beds, which make up the bulk of most hospitals’ beds, but excludes those in intensive care. Hospitals across the country are stretched to the brink with Covid-19 patients, medical staff are at their breaking point, and the death toll is soaring. Eleven National Health Service trusts in England now have more than half of their beds occupied by Covid-19 patients. The data includes most hospitals’ beds excluding those in intensive care. Cases have started to decline in all regions of England Cases per 100,000 people, by region 0 50 100 Nov. 17 Jan. 13 7-day average London 0 50 100 Nov. 17 Jan. 13 East of England 0 50 100 Nov. 17 Jan. 13 North West 0 50 100 Nov. 17 Jan. 13 South East 0 50 100 Nov. 17 Jan. 13 West Midlands 0 50 100 Nov. 17 Jan. 13 East Midlands 0 50 100 Nov. 17 Jan. 13 South West 0 50 100 Nov. 17 Jan. 13 North East 0 50 100 Nov. 17 Jan. 13 Yorkshire and The Humber Note: Regions sorted by highest number of confirmed cases per 100,000 people reported on Jan. 13.
Persons: Covid, Jan, Boris Johnson, , Christina Pagel, Whittington, Neil Ferguson, Johnson’s, Andrew Testa, Neil Greenberg, Victoria Jones, Greenberg, “ ‘, , “ I.C.U, Pagel, Ms Organizations: Middlesbrough Newcastle Blackpool Stoke Manchester Sheffield Kingston, Hull York Leeds Leicester Peterborough Nottingham Birmingham Norwich Luton London Southampton Bournemouth Reading Brighton Oxford Portsmouth Bristol, Whittington Health, Ambulance, Public Health England, Unit, University College London, Health Service, North Middlesex, Medway, West Hertfordshire, Croydon Health, Royal Berkshire, East Sussex Healthcare, Dartford, King's, London, England, West, East, Midlands, Imperial College London, BBC Radio, The New York Times, King’s College London, St George’s Hospital, Associated, “ Staff Locations: Covid, London, England, Whittington, Croydon, Gravesham, Lewisham, Greenwich, North Cumbria, Yorkshire, South Africa, Brazil, Britain, St, Iraq, Afghanistan, United States, I.C.U
UK tax authority fines MT Global $32 million over money laundering breaches
  + stars: | 2021-01-07 | by ( Reuters Staff | ) www.reuters.com sentiment -1.00   time to read: +1 min
LONDON (Reuters) - Britain’s tax authority has slapped a record 23.8 million pound ($32.4 million) fine on MT Global Ltd, a private money services business, for significant breaches of anti money laundering regulations. Her Majesty’s Revenue and Customs (HMRC) said on Thursday it had penalised the company for failures in carrying out risk assessments, its policies, controls and procedures, due diligence and record keeping. “Businesses who fail to comply with the money laundering regulations leave themselves, and the UK economy, open to attacks by criminals,” said Nick Sharp, HMRC’s deputy director of economic crime in the Fraud Investigation Service. “Money laundering is not a victimless crime. Criminals use laundered cash to fund serious organised crime, from drug importation to child sexual exploitation, human trafficking and even terrorism.”Calls to MT Global’s office in Luton, about 35 miles north of London, went unanswered.
Persons: , Nick Sharp Organizations: Global, Customs, Investigation Service, Locations: Luton, London
FILE PHOTO: New Vauxhall cars are seen standing outside the company's factory in Ellesmere Port, northern England, in this October 27, 2008 file photograph. REUTERS/Phil Noble/FilesLONDON (Reuters) - Britain’s biggest trade union Unite called on Tuesday for French automaker PSA to build electrified vehicles at its Vauxhall/Opel car factory in England after post-Brexit trading terms were finalised. Peugeot parent company PSA bought Opel, which trades as Vauxhall in Britain, in 2017, and said in 2019 that future investment in the northern English Ellesmere Port plant would depend on the final terms of Britain’s exit from the EU. On Christmas Eve, London and Brussels sealed a deal to secure tariffless trade for the industry, dependent on local content levels. “We call upon PSA to look at a longer term plan to build electrified vehicles at both Luton and Ellesmere Port with future regulatory and legislative changes in mind,” said Unite national officer for automotive industries Des Quinn.
Persons: Phil Noble, , Des Quinn, Organizations: Vauxhall, French, PSA, Opel, Peugeot, EU, Luton, Ellesmere Port, Fiat Chrysler Locations: Ellesmere Port, England, Britain, London, Brussels, Ellesmere, Europe
EasyJet defers Airbus aircraft delivery
  + stars: | 2020-12-22 | by ( Reuters Staff | ) www.reuters.com sentiment -0.99   time to read: 1 min
FILE PHOTO: An Easyjet Airbus A319 plane is seen at Luton Airport, following the outbreak of the coronavirus disease (COVID-19), Luton, Britain, June 4, 2020. REUTERS/Paul Childs/File PhotoLONDON (Reuters) - British airline easyJet, whose finances have come under severe pressure during the COVID-19 pandemic, has agreed with Airbus to defer the delivery of aircraft, it said on Tuesday. The airline said a total of 22 aircraft will be deferred from full year 2022 to 2024, to full year 2027 to 2028. In addition, there will be movement of 15 delivery dates within the period 2022 to 2024 to more closely match forecast seasonal requirements.
Persons: Paul Childs Organizations: Airbus, Luton Airport, REUTERS Locations: Luton, Britain
EasyJet defers Airbus aircraft deliveries
  + stars: | 2020-12-22 | by ( Reuters Staff | ) www.reuters.com + 0.89   time to read: +2 min
LONDON (Reuters) - British airline easyJet, whose finances have come under severe pressure during the COVID-19 pandemic, has agreed with Airbus to defer the delivery of aircraft, it said on Tuesday. FILE PHOTO: An Easyjet Airbus A319 plane is seen at Luton Airport, following the outbreak of the coronavirus disease (COVID-19), Luton, Britain, June 4, 2020. EasyJet said that under the terms of its 2013 agreement with Airbus the future aggregate cash price of the aircraft subject to deferrals will increase. The changes will result in easyJet taking no deliveries in 2021, eight in 2022, seven in 2023 and 18 in 2024. EasyJet has also retained options to increase its deliveries in 2023 to 30 aircraft.
Persons: Paul Childs, easyJet, EasyJet, Johan Lundgren Organizations: Airbus, Luton Airport, REUTERS Locations: Luton, Britain
European new car sales drop by 13.5% y/y in November - ACEA
  + stars: | 2020-12-17 | by ( Reuters Staff | ) www.reuters.com sentiment -1.00   time to read: +1 min
REUTERS/Neil Hall/File PhotoBERLIN (Reuters) - European car registrations dropped in November, declining for the second month in row, industry data showed on Thursday, as measures to restrict a second coronavirus wave hit sales in the continent’s largest markets. In November, new car registrations dropped by 13.5% year-on-year to 1.05 million vehicles in the European Union, Britain and the countries of the European Free Trade Association (EFTA), figures from the European Automobile Manufacturers’ Association (ACEA) showed. Sales in the United Kingdom and France fell by around 27%, while Spain and Italy registered more moderate drops of 18.7% and 8.3% respectively. Sales a Volkswagen and Renault fell by around 14% each, while PSA reported a drop of 12%. Luxury automakers also posted losses in November with BMW’s sales falling 8% and rival Daimler reporting a 15.5% decline.
Persons: Neil Hall Organizations: REUTERS, BERLIN, European Union, European Free Trade Association, European Automobile Manufacturers ’ Association, Volkswagen, Renault, PSA, Daimler Locations: Luton, Britain, United Kingdom, France, Spain, Italy, Germany
N.F.L. Week 11 Predictions: Our Picks Against the Spread
  + stars: | 2020-11-19 | by ( Benjamin Hoffman | ) www.nytimes.com + 0.00   time to read: +2 min
But this week’s game will come down to which team can best emerge from its funk. Pick: Ravens -6.5Kansas City Chiefs at Las Vegas Raiders, 8:20 p.m., NBCLine: Chiefs -7 | Total: 56.5The last time these teams met, the Raiders (6-3) shocked the Chiefs (8-1) by beating them, 40-32, in Kansas City. It was a classic case of a top-rated team looking past a scrappy challenger, and Las Vegas made its division rival pay dearly for that indifference. “Any time you lose to anyone, the next time you play them you want to win the football game,” Mahomes told reporters this week. Pick: Steelers -10Sunday’s Other Games
Persons: Patrick Mahomes, ” Mahomes, “ We’ll, Mike Tomlin, Jake Luton, , Six Organizations: Ravens, Kansas City Chiefs, Las Vegas Raiders, NBC Line, Chiefs, Raiders, Las, Super Bowl, Broncos, Kansas City, Pittsburgh Steelers, Jacksonville Jaguars, CBS, Pittsburgh, Jacksonville, Steelers, Jaguars, Patriots Locations: Baltimore, Kansas City, Las Vegas,
UK schools closed during the coronavirus pandemic, and parents turned to private, online tutors to help educate their children. Sign-ups to become tutors have rocketed during the COVID-19 crisis, and parents are using online tutors to plug the gaps in home teaching. Business Insider spoke to tutors to find out what it's been like to teach children online — and to discuss whether online tuition will last after lockdown. It's not just teachers joining the private tuition boomFor self-employed people, private tuition has been a life-saver during Britain's devastating economic plunge. Could Britain's kids follow the trajectory of China, where six-year-olds have early morning online private tuition before a school day?
Persons: it's, Leon Hady's, coronavirus, Hady, Jessica Ramos, Ramos, she's, It's, Ryan Bissett's, Kamilah Hale, Hale, Victoria Ademosu, Jade Gill, wasn't, Bissett, we've, Will Orr, Ewing, , Gail Hugman, homeschool, Orr, Gill, you've, Ademosu Organizations: Business, Education, Association, Kin, Humanities, Keystone Locations: Portuguese, South London, London, India, Saudi Arabia, Luton, Kensington , West London, I'm, Hady, China
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