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United Kingdom

Sarah Young

New IAG boss warns of more cuts as COVID crisis drags on

30 Oct 2020

LONDON The new boss of British Airways-owner IAG warned he may have to strip even more costs from the business as a second wave of COVID-19 leaves its airlines staring at a bleak winter with very little travel. | Video

Britain says it is doing everything it can to avoid national lockdown

29 Oct 2020

LONDON Britain will do everything it can to avoid ordering a second national COVID-19 lockdown because it believes it will do more harm than good to the country, a minister said on Thursday.

Britain's Heathrow Airport loses European crown during pandemic

28 Oct 2020

LONDON London's Heathrow is no longer Europe's busiest airport, ceding its long-held crown to Paris during the pandemic and blaming government inaction for its passenger numbers plunging even more than rivals.

Rolls-Royce rescue plan flies as shareholders back £2 billion rights issue

27 Oct 2020

LONDON Shareholders in Britain's Rolls-Royce approved the aero-engine maker's 2 billion pound ($2.61 billion) rights issue on Tuesday that will bolster the company's finances after the pandemic stopped planes flying.

Rolls-Royce seeks $2.6 billion in make-or-break share issue

26 Oct 2020

LONDON Aero-engine maker Rolls-Royce will ask shareholders on Tuesday for 2 billion pounds ($2.6 billion) in a make-or-break attempt to survive the COVID-19 pandemic, which has stopped planes flying and hammered its finances.

British Airways warns of deepening travel slump as losses mount

22 Oct 2020

LONDON British Airways owner IAG warned the travel slump from the coronavirus pandemic had deepened, forcing it to axe even more of its winter flying schedule after it reported on Thursday a quarterly loss of 1.3 billion euros ($1.54 billion). | Video

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