The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.

Less Ads, More Data, More Tools Register for FREE
Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO
Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPOView Video
Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant
Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plantView Video

Latest Share Chat

UPDATE 1-EasyJet CEO chides EU states over fragmented travel policies

Tue, 15th Sep 2020 11:32

(Adds comments, detail, background)

PARIS/LONDON, Sept 15 (Reuters) - European governments
should focus on developing coherent air travel policies as
airlines struggle to recover from the COVID-19 pandemic, rather
than shielding national carriers, easyJet Chief
Executive Johan Lundgren said on Tuesday.

Speaking at an online event with industry CEOs and EU
policymakers, Lundgren blamed some of the slump in traffic on
"tremendous confusion" over differing restrictions and
quarantine measures.

"There needs to be a common approach when it comes to the
things that have to do with testing (and) quarantine," Lundgren
said during the event hosted by Brussels-based industry group
Airlines for Europe (A4E).

Pressure on the sector is intensifying as the travel slump
drags on longer and deeper than many had expected, increasing
the threat to weaker players as well as the prospect of a new
round of government bailouts.

With 4.2 million European flights and 140 billion euros
($166 billion) in revenue already lost to the crisis, according
to Eurocontrol data, airlines have condemned quarantines as a
disproportionate response and a major travel deterrent.

Seeking to restore order amid policy chaos, the European
Union is struggling to persuade governments to embrace common
risk assessments and principles governing travel rules.

Beyond that, a coordinated global approach is key to
restoring long-haul travel, said Sebastian Mikosz of the
International Air Transport Association (IATA).

"We are not at the stage of the recovery, we are still at
the stage of the survival," he said. "If you have any form of
quarantine (it's) absolutely equivalent to closing the market."

($1 = 0.8418 euros)
(Reporting by Laurence Frost and Sarah Young; Editing by Mark
Potter)

Related Shares

More News
8 May 2024 16:54

LONDON MARKET CLOSE: Shares rise as eyes turn to Bank of England

(Alliance News) - Stock prices in London closed higher on Wednesday, with the FTSE 100 achieving another record high and markets in a confident mood a...

7 May 2024 17:30

UK's FTSE 100 notches record closing high in broad rally

FTSE 100 up 1.2%, FTSE 250 adds 1.2% *

7 May 2024 16:55

LONDON MARKET CLOSE: FTSE 100 driven higher by US rates optimism

(Alliance News) - Stock prices in London closed higher on Tuesday, in a strong start to the new week, with US interest rate optimism supporting equiti...

7 May 2024 16:32

London close: Stocks jump on return from long weekend

(Sharecast News) - London markets closed on a high note on Tuesday, as the top-flight index surged to record highs, buoyed by positive momentum from t...

7 May 2024 14:37

Ryanair leads airline shares lower after warning over summer fares

MILAN, May 7 (Reuters) - Shares in Ryanair fell more than 4% on Tuesday, leading the broader European airline sector lower after CEO Michael O'Leary...

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.