airlines
EU travel rules are being introduced that will mean passengers from outside the bloc have to pass through a new automated system. Known as the Entry/Exit System or EES, it will replace the stamping of passports for non-EU travellers who don’t require a visa. These checks will use biometric data including fingerprints, facial scans and passport information, which will be taken the first time you enter an EU country after the system is introduced. After numerous setbacks, it is due to be introduced in autumn this year. But airlines have warned that the launch is likely to have a major impact on ...
Euronews (English)
FTI Group, one of Europe's biggest tour companies, has filed for insolvency. The Munich-based business, which has recently been hit by a number of problems including poor bookings said in a press release: "After a lengthy and complex investor process, the entry of a consortium of investors was announced in April 2024. Since then, however, booking figures have fallen well short of expectations despite the positive news. Inflation, jet fuel costs and decarbonisation: Here’s why airfares are going to continue going upFed up with hoards of cruise passengers, Alaska residents are calling for ‘ship-...
Euronews (English)
Several airline executives have spoken out against a growing European movement wanting to cap travel and flights abroad in order to support the green transition. Movements such as flight shaming, pioneered by environmental activist Greta Thunberg have been enthusiastically adopted by some members of the public, leaving consumers who can do so, choosing greener ways to travel to avoid the "shame" of taking flights. Airlines, however, are not impressed. The industry has already been struggling since the pandemic, when lockdown prevented most flights and, post the pandemic, soaring energy costs b...
Euronews (English)
The number of people in Germany without a job rose to 2.762 million in May, according to the newly released unemployment rate report for May. That was a jump of 25,000, and much more than the 10,000 predicted. It is the 17th month in a row that unemployment has risen and the jobless total continues to hover near three-year highs. Meanwhile, the seasonally adjusted jobless rate was 5.9% last month, the same level for the sixth month in a row in line and in line with analyst expectations. This was the sixth month in a row that the unemployment rate was at this level, which was in line with analy...
Euronews (English)
Companies would be largely free to rely on carbon offsetting to back up their claims to be climate friendly, under a leaked draft inter-governmental position on a European anti-greenwashing directive, sparking criticism that one set of standards might apply to companies and another to the products and services they sell. In an updated compromise text, dated 22 May and seen by Euronews, Belgium has made what may be its final attempt to forge an inter-governmental position on a proposed Green Claims Directive before it hands over the rotating presidency of the EU Council to Hungary in July. A ke...
Euronews (English)
An airline losing your luggage is a surefire way to ruin the start of a holiday. Nobody wants to be buying emergency clothing when they could be sipping cocktails on the beach. But good news is coming from the aviation industry. A new report has found that airlines and airports are trying to reduce baggage mishandling with new regulations. The International Air Transport Association has made it mandatory for all airline members to track baggage at four points throughout the journey. This should mean knowing where a bag is at all times and therefore leading to fewer incidents of lost luggage. A...
Euronews (English)
Il prezzo delle azioni Virgin Galactic ( NYSE:SPCE ) ha continuato la sua caduta libera quest’anno a causa delle continue preoccupazioni sul suo bilancio. È crollato di oltre il 65% nel 2024 e dell’81% negli ultimi 12 mesi, rendendola una delle società con le peggiori prestazioni di Wall Street. Permangono i rischi di fallimentoVirgin Galactic è stata una delle più grandi delusioni a Wall Street. Dopo aver raggiunto il picco di $ 63 durante la mania delle azioni dei meme nel 2021, è diventata un’azione penny scambiata per soli 85 centesimi. Di conseguenza, la sua capitalizzazione di mercato è ...
Invezz - IT
Severe turbulence that hit a Singapore Airlines flight from London has resulted in one death and several injuries. What happened on board the Boeing 777-300ER flight to Singapore is still not clear. Airline tracking websites have noted that the aircraft dropped around 1,800 metres in three minutes when it flew into the rough air beyond the Bay of Bengal. Fatalities and serious injuries from turbulence happen rarely. Flight crews can often predict bad weather and rough air in advance and are trained to deal with the effects. How dangerous is turbulence on a flight?“Injuries from severe turbulen...
Euronews (English)
Ryanair has revealed an after-tax profit of €1.92 billion in the year to March, an annual jump of 34%. The total surpasses the previous annual record of €1.45 billion, made in the year to March 2018, and sits ahead of the €1.905 billion predicted by company analysts. Ryanair's bottom line was boosted by a 9% increase in passenger traffic, combined with a 21% rise in the average fare price. Despite this jump in consumer costs, the airline said it is continuing to reap a "competitive advantage" by keeping fees lower than its EU competitors. Italy looks into claims of Ryanair breach of anti-compe...
Euronews (English)
The company said Johan Lundgren will depart EasyJet in early 2025 after seven years as its chief executive - and will be replaced by the airline's chief financial officer, Kenton Jarvis, who has been at the group since 2021. The news sent EasyJet's share price lower as investors responded to the company update, reversing most of the gains it had made this year. EasyJet also reported its latest financial results and posted a reduction in first-half losses with the headline pre-tax loss for the six months to 31 March narrowing to £350m from £411m a year previously. French football club owner Fra...
Euronews (English)
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