George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here

Less Ads, More Data, More Tools Register for FREE

Pin to quick pickseasyJet Share News (EZJ)

Share Price Information for easyJet (EZJ)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 538.20
Bid: 539.00
Ask: 539.40
Change: 5.20 (0.98%)
Spread: 0.40 (0.074%)
Open: 539.60
High: 543.60
Low: 538.20
Prev. Close: 533.00
EZJ Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

UPDATE 2-UK PM says foreign travel curbs to stay until at least mid-May

Mon, 22nd Feb 2021 16:49

* Govt to publish review on travel by April 12

* PM says review gives time for summer holiday bookings

* Airlines counting on summer after months of restrictions
(Adds airline, airport reaction, analyst comment, share price)

By Sarah Young

LONDON, Feb 22 (Reuters) - The ban on non-essential
international travel to and from England will stay until at
least May 17, Prime Minister Boris Johnson said on Monday,
prolonging the pain for airlines, airports and holiday companies
hit by the pandemic travel slump.

But would-be holidaymakers will be given clarity on making
plans for the summer by April 12, when a review on how to
restart travel safely will be published.

"The government will determine when international travel
should resume, which will be no earlier than 17 May," it said.

Johnson told parliament that meant there was still time for
Britons to plan summer holidays.

"I believe that setting a deadline of April 12 for the
report ... will give people time to make their plans for summer
and if things go well ... then I do believe there is every
chance of an aviation recovery later this year," he said.

Airlines are counting on a summer recovery after close to a
year with minimal revenues due to travel restrictions. If they
cannot, analysts say most airlines will need to raise more funds
to survive after burning through their cash reserves.

Responding to the government's plans, easyJet
welcomed reassurances that travel would re-open, while British
Airways said it was pleased the government had
acknowledged it was critical to find a way to restart travel.

Shares in both companies closed up 7%, outperforming a 4%
rise in Europe's travel and leisure sector.

But aviation consultant John Strickland said the timeline
was negative for airlines, given certainty on travel was months
away at a time when bookings would usually be flooding in.

"We're already two months into the year so we've lost two
months already. On this news we're going to lose another two
months," he said.

"A number of airlines are already projecting that at least
the first half of summer is pretty well written off and
projecting at best there might be some resurgence of traffic in
the late summer."

The trade body for Britain's airports also said the May 17
date was a blow.

"As the worst-hit economic sector in 2020, this will ensure
we will also be the worst-hit sector of 2021," Airport Operators
Association Chief Executive Karen Dee said.

VARIANTS OF CONCERN

The April review will provide recommendations about when and
how full international travel should resume, while managing the
risks of new variants of coronavirus.

Much will depend on the spread of variants deemed "of
concern", as well as vaccine roll-outs at home and abroad.

Britain tightened its borders earlier in February,
introducing additional COVID-19 testing requirements and hotel
quarantines for arrivals from some countries over worries about
new variants that might be more resistant to current vaccines.

Unwinding restrictions could involve making greater use of
the test to release scheme, under which those arriving from
abroad pay for a test to shorten a 10-day quarantine.

The government is also looking at a system of allowing
vaccinated people to travel more freely abroad, it said.

But such a system would have to be fair and not unduly
disadvantage those who have not been vaccinated, it said,
warning it would take time to implement.

Britain is looking at providing a clear framework for
international travel standards with the World Health
Organization and other partners, the government added.
(Reporting by Sarah Young. Editing by Elizabeth Piper and Mark
Potter)

More News
10 Aug 2023 12:00

Italy's cap on island airfares ignites feud with Ryanair

ROME, Aug 10 (Reuters) - A decision by the Italian government to cap airfares to the islands of Sicily and Sardinia has prompted a dispute with airlines and been branded illegal by Ryanair, in a fresh sign of friction between Rome and big business.

Read more
7 Aug 2023 14:40

Airlines take aim at Italy's plans to bring down sky-high prices

ROME, Aug 7 (Reuters) - A group of airlines operating in Italy on Monday criticised government plans to curb ticket prices at the height of the summer season, saying they could breach European Union free market rules.

Read more
4 Aug 2023 08:14

TOP NEWS: WPP cuts outlook as US tech customers keep lid on spending

(Alliance News) - WPP PLC on Friday cut its yearly guidance, as the advertising company's second-quarter was hurt by weaker spend in its US technology clients.

Read more
3 Aug 2023 15:48

Spain to probe budget airlines over hand luggage fees

MADRID, Aug 3 (Reuters) - Spain's Ministry of Consumer Affairs said on Thursday it had opened an investigation into low-cost airlines over hand luggage and other fees, which result in the price most consumers pay being higher than the one that was initially advertised.

Read more
27 Jul 2023 10:50

Director dealings: EasyJet non-exec invests, AO World CFO sells incentive shares

(Sharecast News) - EasyJet was on the list of director buys on Thursday, after it disclosed a purchase made by a non-executive director for more than 5,000 shares.

Read more
25 Jul 2023 15:31

KLM, major airlines appeal against Schiphol flight curbs

PARIS, July 25 (Reuters) - KLM, Delta, United and scores of carriers have filed an appeal at the Dutch Supreme Court to overturn a move by the Dutch government to curb traffic at Amsterdam's Schiphol Airport, the Dutch airline said on Tuesday.

Read more
24 Jul 2023 19:57

As wildfires rage in Greece, tourists flee and locals shelter

Wildfires burn for 7th day on Rhodes

*

Read more
24 Jul 2023 17:09

UK's FTSE 100 edges higher on gains in energy shares

Vodafone Group up after Q1 results

*

Read more
24 Jul 2023 16:59

LONDON MARKET CLOSE: FTSE 100 shakes off weak PMI readings

(Alliance News) - Blue-chip European equities took confidence from a decent open in New York, despite some less-than-stellar PMI data darkening the mood earlier on Monday.

Read more
24 Jul 2023 12:48

Jet2 adds more flights to bring Britons back from Rhodes

LONDON, July 24 (Reuters) - British travel company Jet2 said it would operate four extra flights on Monday night to bring more of its customers back to the United Kingdom, after wildfires on the Greek island of Rhodes left them stranded.

Read more
24 Jul 2023 12:31

Ryanair sees wet weather elsewhere boosting Mediterranean holidays

DUBLIN, July 24 (Reuters) - Ryanair is seeing no sign of a change in booking habits due to a heatwave in parts of Europe and if anything expects wet weather in other parts of the continent to boost Mediterranean holidays, Chief Executive Michael O'Leary said on Monday.

Read more
24 Jul 2023 11:47

Ryanair cautious about winter travel after quarterly profit soars

April-June profit jumps to 663 million euros

*

Read more
24 Jul 2023 11:17

Up to "10,000 Britons" on Rhodes as Tui, Jet2 repatriate holidaymakers

(Alliance News) - Up to 10,000 Britons are estimated to be on fire-ravaged Rhodes, with repatriation flights to rescue holidaymakers landing back in the UK.

Read more
21 Jul 2023 09:33

LONDON BROKER RATINGS: Jefferies raises Hargreaves Lansdown to 'buy'

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning:

Read more
20 Jul 2023 17:02

LONDON MARKET CLOSE: FTSE 100 supported by mining stocks

(Alliance News) - The FTSE 100 in London closed higher on Thursday, extending Wednesday's gains, after it was boosted by mining firms, as well as luxury fashion brand Burberry, on China optimism.

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.