Airline news

Irish budget carrier Ryanair (FR/RYR) has said that it plans to get 40% of its summer schedule flying again from the 1st July 2020, subject to intra-EU travel restrictions being lifted. The move will see Ryanair restore flights to 90% of its pre-coronavirus (COVID-19) route network, albeit with reduced frequencies. [read more]

Sir Richard Branson is selling his share in the space tourism business, Virgin Galactic to raise money for Virgin Atlantic (VS/VIR). The stake is expected to raise around $500m which Virgin Group says will be used to support the groups “leisure, holiday and travel businesses” including the airline. The group [read more]

The Civil Aviation Authority (CAA) is investigating the way airlines are handling refunds for flights cancelled as a result of the Coronavirus Pandemic. Under EU Denied Boarding legislation, if your flight is cancelled by the airline then you are entitled to a full refund within 7 days but many airlines [read more]

Ryanair (FR/RYR) has said it is adding more routes to its currently limited flight schedule from London Stansted (STN/EGSS) during the Coronavirus (COVID-19) Pandemic. From the 15th May, the budget airline will start 3-flights weekly services to Bucharest, Sofia and a daily service to Porto. Ryanair’s Alejandra Ruiz said: “We [read more]

Ryanair Holdings PLC, which owns Ryanair (FR/RYR) has filed a legal suit against the Swedish Governments €455m aid package for Swedish Airlines. The loan guarantee scheme from the Swedish Government has received EU approval but Ryanair is asking the EU to cancel that approval. Ryanair argues that the scheme, which [read more]

International Airlines Group (IAG) CEO Willie Walsh is to appear before the Transport Select Committee next week to face questions on British Airways handling of the current global crisis. Mr Walsh will appear before the committee on the 11th May at 10am although it isnt clear whether he will appear [read more]

Virgin Atlantic (VS/VIR) is to axe its base at London Gatwick Airport (LGW/EGKK) as well as up to 3,000 workers as it plans its recovery from the Coronavirus Pandemic. In an internal Memo to staff seen by us, Virgin CEO Shai Weiss told staff that the current measures in place [read more]

Ryanair (FR/RYR) is to cut 3000 jobs across the airline in a bid to survive the next year. The job cuts will primarily come from operational staff, Pilots and Cabin crew according to sources at the airline. The news comes just 24 hours after it emerged British Airways was also [read more]