Less Ads, More Data, More Tools Register for FREE

Pin to quick picksDTG.L Share News (DTG)

  • There is currently no data for DTG

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

UPDATE 1-British Airways adds Turkey destination after Thomas Cook collapse

Wed, 09th Oct 2019 19:01

(Adds details, comment)

LONDON, Oct 9 (Reuters) - British Airways announced the
launch of a new flight from London's Gatwick Airport to the
Turkish resort of Antalya, once among Thomas Cook's most popular
routes, as airlines jostle to fill the void left by its
collapse.

BA, owned by IAG, said on Wednesday the
six-per-week service would begin next April, in conjunction with
a promotional British Airways Holidays offer.

Thomas Cook's British arm entered liquidation after the
group's collapse last month. Antalya and Dalaman in Turkey were
Thomas Cook Airlines' most popular destinations for UK
travellers, according to data from airline database Cirium.

A company spokeswoman said that the route announcement had
been a long time coming and was unconnected to Thomas Cook's
failure. BA already operates a summer flight to Dalaman.

Thomas Cook's bankruptcy, which triggered a major
repatriation effort aided by BA, easyJet and Virgin
Atlantic, has prompted airlines to consider ways to replace its
capacity to holiday destinations or bid for its airport slots.

Besides BA, operators that were already flying to the two
Turkish destinations from London or Manchester before Thomas
Cook's collapse include easyJet, Dart Group's Jet2, tour group
TUI, Turkish Airlines and its SunExpress joint
venture with Lufthansa.

Unless Britain crashes out of the EU without a deal, HSBC
analyst Andrew Lobbenberg predicted on Wednesday, "easyJet
should benefit this winter from the failure of Thomas Cook".

Within days of its demise, easyJet began offering 15%
discounts to Thomas Cook customers who had not yet left for
their vacations and wanted to rebook.

Turkey expects an increase in flights by easyJet and Jet2 as
well as BA, the country's tourism minister has said. SunExpress
laid on additional lower-fare flights from London Luton airport
and has been targeting Thomas Cook customers left in the lurch,
a spokesman said.

EasyJet is also looking at Thomas Cook assets, Chief
Executive Johan Lundgren said recently - while ruling out a bid
for its German Condor business, being kept airborne by a
government bridging loan.

Leading European budget operator Ryanair may lease
Airbus aircraft returned by Thomas Cook and deploy them
at its Austrian carrier Lauda, group CEO Michael O'Leary said
last week. He too denied any interest in Condor.

A spokesman for the UK court-appointed official overseeing
Thomas Cook's liquidation declined to comment on the status of
bidding for its airport slots.
(Reporting by Alistair Smout in London and Laurence Frost in
Paris; additional reporting by Ceyda Caglayan in Istanbul;
editing by Emelia Sithole-Matarise and Peter Graff)

More News
11 Mar 2020 13:37

Wednesday broker round-up

(Sharecast News) - Clinigen Group: Liberum upgrades to buy with a target price of 780.0p.

Read more
11 Mar 2020 10:27

Dart Group trading 'significantly ahead' of estimates

(Sharecast News) - Travel and logistics firm Dart Group said on Wednesday that full-year profits looked set to be "significantly ahead" of current market expectations.

Read more
11 Mar 2020 10:27

UK WINNERS & LOSERS SUMMARY: G4S Slides As Impairments Cut Profit

UK WINNERS & LOSERS SUMMARY: G4S Slides As Impairments Cut Profit

Read more
11 Mar 2020 09:11

Promising Annual Profits For Dart But New Year To Feel Covid-19 Pain

Promising Annual Profits For Dart But New Year To Feel Covid-19 Pain

Read more
11 Mar 2020 08:00

UPDATE 1-Dart Group raises 2020 profit outlook again while sector battles virus outbreak

(Adds outlook, background)March 11 (Reuters) - Dart Group, owner of British tourist airline Jet2, on Wednesday raised its profit forecast for the second time in six months, saying it looked on course to do more business this summer despite a drop ...

Read more
11 Mar 2020 07:24

Dart Group sees 2020 profit ahead of market view

March 11 (Reuters) - Dart Group, owner of British tourist airline Jet2, said on Wednesday it expected 2020 profit to be ahead of market forecasts, but warned the impact of reductions in 2021 flying capacity on its financial hedging operations wou...

Read more
25 Feb 2020 13:21

TUI And Dart's Jet2holidays Use Tenerife Hotel With Coronavirus Scare

TUI And Dart's Jet2holidays Use Tenerife Hotel With Coronavirus Scare

Read more
27 Jan 2020 16:00

UK Dividends Calendar - Next 7 Days

UK Dividends Calendar - Next 7 Days

Read more
17 Jan 2020 07:02

IAG's British Airways Accused Of Emitting More Carbon Than Rivals

IAG's British Airways Accused Of Emitting More Carbon Than Rivals

Read more
16 Dec 2019 09:40

UK BROKER RATINGS SUMMARY: Barclays And HSBC Downgrade Virgin Money UK

UK BROKER RATINGS SUMMARY: Barclays And HSBC Downgrade Virgin Money UK

Read more
11 Dec 2019 11:49

UPDATE 3-TUI says 737 MAX grounding could cost it 400 mln euros in 2020

* FY earnings down 26 pct to 863 mln euros* Sees 2020 earnings in range of 950 mln euros to 1.05 bln euros* 2020 forecast includes 130 mln euro hit from 737 MAX grounding* Headwinds of up to 400 mln euro if 737 MAX grounded beyond April (Adds CEO...

Read more
11 Dec 2019 11:49

UPDATE 2-TUI says 737 MAX grounding could cost it 400 mln euros in 2020

* FY earnings down 26 pct to 863 mln euros* Sees 2020 earnings in range of 950 mln euros to 1.05 bln euros* 2020 forecast includes 130 mln euro hit from 737 MAX grounding* Headwinds of up to 400 mln euro if 737 MAX grounded beyond April (Recasts,...

Read more
22 Nov 2019 18:40

DIRECTOR DEALINGS: Dart Executive Chair Sells GBP14 Million In Stock

DIRECTOR DEALINGS: Dart Executive Chair Sells GBP14 Million In Stock

Read more
21 Nov 2019 10:09

Dart Group tops estimates in 'satisfactory' first half

(Sharecast News) - Travel and logistics firm Dart Group now expects current full-year expectations to be 'significantly exceeded' after topping both profit and revenue estimates in its "satisfactory" first half.

Read more
21 Nov 2019 09:55

Dart Group To Beat Profit Expectations As Bookings Come In Strong

Dart Group To Beat Profit Expectations As Bookings Come In Strong

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.