Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
British stocks are undervalued and represent a golden buying opportunity despite recent market turmoil, two of Wall Street’s biggest banks have declared.
The FTSE’s focus on energy and mining companies will help it benefit as investors shun tech stocks and opt for more traditional companies, the analysts said.
America’s biggest bank said it had a “longstanding cautious view on the UK”, but repeated a recommendation – first made last autumn – that it was time to “take advantage” of the underperformance, upgrading London-listed equities to a buy rating for the first time in nearly seven years.
Hungary-based carrier Wizz Air posted a third-quarter operating loss of 213.6 million euros and said the fourth quarter loss was likely to be slightly higher than that, before an expected improvement in spring. Wizz said the emergence of the Omicron variant had hit demand in the latter part of the third quarter, and it expected to be impacted by ongoing travel uncertainty in January, February and part of March.
Wizz Air CEO Jozsef Varadi told Reuters that the airline had seen a marked improvement in demand in Britain after the government announced a relaxation of coronavirus testing rules, and he expected the UK market to help lead the recovery in the summer.
The fast growing airline has used the pandemic to cut costs and acquire additional landing slots, to position itself to capitalise on an expected recovery this summer. It had liquidity of 1.4 billion euros at the end of December.
Varadi said it planned to operate 50% more capacity in August and September than in the summer of 2019 before the pandemic.
Announcement might be today , should give boost to SP
Hold on to your shares ,sp real deal
Many were wishing to trade 140 to 1.55 but overnight SP jumped no one could
Similar increase going to happen to over 1.65p soon ,
The COVID pandemic is steering towards its "endgame" in Europe due to the milder Omicron variant, according to the World Health Organisation's Europe director Hans Kluge.
He said: "It's plausible that the region is moving towards a kind of pandemic endgame."
He added that Omicron could also infect 60% of Europeans by March.
Mr Kluge said: "We anticipate that there will be a period of quiet before COVID may come back towards the end of the year, but not necessarily the pandemic coming back."
15 min ago
Last Updated 4 hours ago
The two European travel destinations of Sweden and Switzerland have both removed their pre-departure Covid-19 testing requirements for international travelers.
In doing so, the two travel hot spots are joining a rapidly growing list of other EU and Schengen destinations that have recently toned down their entry restrictions and requirements in a bid to facilitate travel to, from and around the continent once more, in spite of Covid-19 cases remaining high throughout the continent.
However, both countries have taken a different approach to removing the testing requirement. Whilst Sweden has removed their pre-departure testing requirement for all travelers, Switzerland’s will only apply for travelers who have been fully vaccinated against Covid-19
In December, more than 700,000 Canadian air passenger arrivals returned home from international travel
Despite growing concerns across the globe last fall over the new COVID-19 variant, Omicron, Sandy Long and her husband departed on Nov. 28 for a 10-day vacation in Mexico.
Long said they felt comfortable travelling, because they planned to take strict safety precautions. Plus, the couple hadn't gone abroad for two years due to the pandemic and were yearning to get away.
"Life is short," said Long, 58, of Richmond, B.C. "We needed to feel some warmth [and] we really missed Mexico."
It appears many Canadians have a similar attitude toward travel these days despite Omicron's fast and furious spread, which prompted Canada to repost its advisory against non-essential international travel last month.
Travel agency owner Lesley Keyter said that since October, the number of clients booking trips has jumped by between 30 and 40 per cent compared with the same time last year.
Sophia Harris · CBC News · Posted: Jan 23, 2022
Light at the end of tunnel getting much stronger each day ,
Bigger players trying to expand with acquisitions since air traffic will explode soon
Same like IAG SP now it is a bargain so other smaller scaled sized airlines in need of cash for bigger players ….
IAG might reconsider Air Europa deal since gonna pay £80mil anyway
Strongly believe it was because of omicron mystery not regulators …
They aim to get a better deal… it was billion euro before covid , later dropped to 500mil
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Germany's Lufthansa is set to buy a 40% stake in state-owned Alitalia's successor ITA Airways and a deal could be unveiled next week, Italian daily Il Foglio reported on Saturday.
ITA Airways started flying on Oct. 15 with nearly 2,300 employees and a fleet less than half the size of that operated by Alitalia, the 75-year old former national carrier which passed through a dizzying succession of restructurings and changes of ownership.
The newspaper did not give a price for any deal, but said the two companies were very close to agreeing over some key terms, such as the role of Rome's Fiumicino airport as a hub for direct flights to Africa and some routes to the Americas.
On CNN Headlines now
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The world feared the worst when a worrying new coronavirus variant emerged in late November and ripped through South Africa at a pace not seen before in the pandemic.
But two months later, with Omicron dominant across much of the globe, the narrative has shifted for some.
"Levels of concern about Omicron tend to be lower than with previous variants," Simon Williams, a researcher in public attitudes and behaviors towards Covid-19 at Swansea University, told CNN. For many, "the 'fear factor of Covid' is lower," he said.
"My own view is that it's becoming endemic, and it will continue to stay endemic for some time -- as has happened with other coronaviruses," said David Heymann, professor of infectious disease epidemiology at the London School of Hygiene and Tropical Medicine.
And for the first time since the spread of Covid-19 stunned the world in early 2020, some epidemiologists and leaders are willing to entertain the prospect that the virus might be making steps toward endemic status.
"There are four other coronaviruses that have become endemic," Heymann said. "The natural history of infections" indicates that Covid-19 will be the fifth, he added.
"People have reinterpreted 'Russian flu' in the late 19th century as the emergence of a common cold-type coronavirus," added Woolhouse, referring to the 1889-90 outbreak that is estimated to have killed around a million people, but which ultimately became a common cold.
"The 'Spanish Flu' basically gave the whole world a very nasty dose of an H1N1 influenza virus" in 1918, he said. Now, "we get a wave of that virus pretty much every year."
Experts generally agree that Omicron moves us closer to that stage with Covid-19
From this weekend, Irish pubs, restaurants and other hospitality outlets can return to normal operations, and customers will not be asked for their digital COVID pass.
Friday 21 January 2022 17:46, UK
The fundamentals of International Consolidated Airlines Group have not changed since before the pandemic. I believe this is still a well-run company with the systems in place to remain an industry leader for years to come.
Conclusion
In essence, International Consolidated Airlines Group is a business that was harshly affected by the pandemic and the associated reduction in global travel, now affected by uncertainty and volatility-fearing investors steering clear from the industry. However, with a long-term view, International Consolidated Airlines Group presents a huge opportunity. The fundamentals of the business have not changed and the world is opening up. Its shares are grossly undervalued… potentially now is the time for me to get in.
20 jan mt
American expects its capacity in the quarter through March would be down about 8% to 10% compared to the same period in 2019. Full-year capacity is projected to be 5% lower than in the pre-pandemic year.
United's 2022 capacity is now projected to be lower than in 2019, instead of growing 5% as estimated earlier.
Lower capacity as well as lower aircraft utilization because of delayed demand are estimated to drive up costs at the both the airlines. Higher fuel prices, rising wages and increased training costs are also pinching them.
United's costs this year are now expected to be higher than in 2019, instead of going down. American estimates its costs would be 5% higher in 2022 than in the pre-pandemic year.
U.S. carriers American Airlines and United Airlines on Thursday said a recovery in passenger traffic was likely to resume in March after a blip caused by the Omicron coronavirus variant, but warned that the latest wave of the health crisis would keep their costs elevated this year.
Texas-based American said while ticket sales are still not back to pre-Omicron levels, they are recovering "quickly" after dropping off "considerably" in early December.
Similarly, Chicago-based United said bookings and cancellations have started to return to normal levels. The carrier said its bookings this week were down 25% versus the same period in 2019, compared with a decline of 48% in the first week of January.
"As a result, we remain optimistic that Omicron's impact, while significant, will be focused on January and February at this point," United's Chief Commercial Officer Andrew Nocella told investors on an earnings call.
Nocella also said the impact of Omicron and each possible future variant on the carrier's revenue will likely pale in comparison with that of the Delta coronavirus variant.
Rival Delta Air Lines last week, too, predicted a swift recovery from the demand slump.
Encouraged by the improvement in bookings, United expects to report a profit in the second, third and fourth quarters of this year.
American also expects to return to profitability in March.
Can not agree more with you Sundezena,
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Experts in Scotland have developed groundbreaking Artificial Intelligence (AI) technology that is capable of accurately diagnosing COVID-19 in just a few minutes, much quicker than a PCR test.
The research, by the University of the West of Scotland (UWS), uses X-ray technology, comparing scans to a database of around 3,000 images, belonging to patients with COVID- 19, healthy individuals and people with viral pneumonia.
It then uses an AI process, an algorithm typically used to analyse visual imagery, to make a diagnosis.