The latest Investing Matters Podcast episode with London Stock Exchange Group's Chris Mayo has just been released. Listen here

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
23 Sep 2019 09:00

UPDATE 1-Thomas Cook collapse boosts rival holiday companies, budget airlines

(Adding details, comment)LONDON, Sept 23 (Reuters) - Thomas Cook's collapse boosted shares in TUI and budget airlines easyJet and Ryanair on Monday as investors pinned hopes on the tour operator's closure cutting capacity in the saturated Europea...

Read more
5 Sep 2019 09:49

Dart Group cautious on outlook given 'deepening Brexit uncertainty'

(Sharecast News) - Airline holding company Dart Group said on Thursday that it was confident of meeting profit expectations for the full year but remains cautious on its outlook due to Brexit uncertainty.

Read more
4 Jul 2019 16:05

UK Earnings, Trading Statements Calendar - Next 7 Days

Friday 5 July MJ GleesonTrading Statement SIGTrading traffic statistics (at 1400 8 9

Read more
17 Apr 2019 13:32

Wednesday broker round-up

(Sharecast News) - ConvaTec: Barclays upgrades to equal weight with a target price of 130p.

Read more
17 Apr 2019 09:19

Dart Group Guides For Annual Profit Ahead Of Expectations

LONDON (Alliance News) - Dart Group PLC on Wednesday said it expects annual profit to be "slightly ahead of current market expectations", due to the success of its Leisure Travel the and

Read more
17 Apr 2019 09:17

Dart Group forecasts profits 'slightly' ahead of expectations

(Sharecast News) - Aviation and distribution outfit Dart Group said it expected full-year pre-tax profits to be slightly ahead of market expectations.

Read more
12 Dec 2018 11:06

Cenkos Securities CFO To Step Down, Adds 12 Smith & Williamson Clients

LONDON (Alliance News) - Cenkos Securities PLC said Wednesday Chief Financial Officer Phillip Anderson is stepping down from the company as it completes the acquisition of Smith & Williamson a

Read more
30 Aug 2018 16:02

UK Shareholder Meetings Calendar - Next 7 Days

Friday 31 AugustHerencia ResourcesStagecoach GroupMonday 3 4 SmithMonks 5 6

Read more
27 Jul 2018 12:14

DIRECTOR DEALINGS: Dart Group Chair Sells GBP4.6 Million Of Stock

LONDON (Alliance News) - Travel and logistics firm Dart Group PLC on Friday said Executive Chairman Philip Meeson sold shares worth GBP4.6 million.Meeson sold 500,000 shares at a price of a

Read more
5 Jul 2018 16:01

UK Earnings, Trading Statements Calendar - Next 7 Days

Friday 6 July SVM UK Emerging FundFull Year Results Monday 9 July GroupHalf

Read more
22 Mar 2018 11:46

Safestyle UK Expecting Cost Reduction Boost In Difficult Market

LONDON (Alliance News) - Safestyle UK PLC on Thursday reported a steep drop in profit during 2017 in an increasingly difficult market, as it announced the

Read more
23 Dec 2016 12:04

Dart Group purchasing four new Boeing 737s

(ShareCast News) - Dart Group announced on Friday that it has entered into an agreement with Boeing to purchase a further four new Boeing 737-800NG aircraft in addition to the acquisition of a total of 30 aircraft announced in 2015. The AIM-traded firm said the additional four aircraft will be deliv

Read more
23 Dec 2016 07:33

Dart Group Buys Four More Boeing 737-800NG Aircraft

Read more
17 Nov 2016 09:21

Dart Group takes off on stronger package holiday sales

(ShareCast News) - Dart Group reported better than expected interim results and was optimistic it will slightly exceed full year forecasts, as strong growth in its Jet2 package holiday business offset lower profits from its distribution and logistics arm. On revenue 21% higher at £1.24bn i the six m

Read more
17 Nov 2016 08:04

Dart Group To Exceed Annual Expectations After First-Half Profit Rise

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.