BA boss warns coronavirus worse than financial crisis for airlines March 13, 2020 The boss of British Airways (BA) has warned that the coronavirus pandemic will have a bigger impact on the airline industry than the financial crisis. BA chief executive Alex Cruz reportedly told staff that the outbreak is a “crisis of global proportions like no other we have known”. The spread of Covid-19 will force the [...]
Coronavirus: Jubilee Line Tube driver tests positive March 13, 2020 A Tube driver on London Underground’s Jubilee Line has tested positive for coronavirus, Transport for London (TfL) confirmed today. It is the first case of coronavirus to be reported among London Underground workers. Transport for London (TfL) said the affected Tube driver is now self-isolating. A TfL spokesperson said: “A train driver on the Jubilee [...]
Saga suspends cruises in £15m coronavirus blow March 13, 2020 British travel group Saga today suspended cruises until the start of May over the escalating coronavirus outbreak, at a cost of between £10m and £15m to the company. Saga’s move follows rival Carnival’s decision to suspend all Princess cruise ship voyages for two months. One of its ocean liners, the Diamond Princess, was an early [...]
Tube passenger numbers fall during UK coronavirus outbreak March 12, 2020 The amount of passengers on the Tube has declined in the past four weeks during the coronavirus outbreak. The number of London Underground journeys has dropped by 1.6 per cent in the past four weeks compared to a year ago, while trips in the past 12 weeks are down 1 per cent compared to a [...]
Norwegian to cut 4000 flights as US coronavirus travel ban hammers airlines March 12, 2020 Beleaguered Norwegian Air has suspended more than 4000 flights, grounding 40 per cent of its long haul capacity, in an attempt to limit the devastation caused by coronavirus. The cancellations come after US president Donald Trump announced a travel ban on 26 EU countries, excluding the UK and Ireland, which will last for 30 days. [...]
Princess owner Carnival suspends cruises for two months due to coronavirus March 12, 2020 Princess Cruises owner Carnival saw its shares plummet 22 per cent today after it suspended the global operations of its fleet of 18 ships for two months. Two of Princesses’ ships have been stricken by the coronavirus outbreak and have been stuck in quarantine to tackle the outbreak. The Diamond Princess was moored off the [...]
US airlines stocks in tailspin as coronavirus travel ban kicks in March 12, 2020 Boeing led a rout of US aviation stocks today as president Trump’s coronavirus travel ban battered the airline industry as markets opened across the Atlantic. For the second day in a row the aerospace giant shed around 15 per cent of its value, whilst fellow international carriers American Airlines, Delta and United all suffered double-figure [...]
Go Ahead shares plunge as firm warns on full year profit March 12, 2020 Bus operator Go Ahead Group saw its shares shed over a third of their value today after the firm reduced its full year profit expectations on the back of extended periods of adverse weather. The firm added that it was also expecting the coronavirus impact to have an impact on its results, but could not [...]
Coronavirus: US travel ban decimates airline stocks March 12, 2020 President Donald Trump’s travel ban on European citizens entering the US due to coronavirus fears sent airline stocks to new lows today after weeks of pressure on the sector. Recent FTSE 100 dropout Tui led the falls, posting a 10.4 per cent decline by the mid-morning, while British Airways owner IAG was not far behind, [...]
Budget 2020: Sunak pledges extra £175bn to ‘get Britain building’ March 11, 2020 New chancellor Rishi Sunak pledged to “get Britain building” in today’s budget, unveiling an additional £175bn in capital investment to “level up” roads, railways, housing and broadband across the country. The extra money, which forms part of Sunak’s much trailed £640m spending package, means that by 2024 annual expenditure will rise above £110m, triple the [...]
