Tour operator TUI to raise €1.1bn by selling new stock
Share sale will allow company to reduce its draw on a state-backed rescue loan to zero
Share sale will allow company to reduce its draw on a state-backed rescue loan to zero
Europe’s largest airline received €9bn state bailout last year after pandemic ended decades-long boom in air travel
Airline says it expects to offer only 40 per cent of pre-pandemic capacity in 2021
German airline says it is dependent on a vaccine rollout to get people flying again as the pandemic continues to impact air travel
Irish airline says Germany’s move ‘discriminates unlawfully’ between carriers
Ryanair pushes Dublin’s Iseq up as Bank of Ireland and AIB lose ground
Wall Street wanes as tech companies slip into the red again
Markets report: Mixed fortunes for airlines, while US tech giants fall again
Markets report: Technology stocks rally on Wall Street
Sterling slides on increasingly remote chance of UK-EU deal; Wall Street closed for Labor Day
Focus now falls on effectiveness of government’s €130bn stimulus
Calculations by Bloomberg shows scale of damage in aviation industry
Michael O’Leary’s anger over Lufthansa’s €9bn state bailout is understandable
Move will strengthen German group’s ‘monopoly-like grip’ on market, Irish carrier warns
Merkel’s government to offer the aviation group €9bn to aid it through the Covid-19 crisis in return for 20% stake
Subdued volumes traded on world markets as London and New York closed for holidays
Move follows through on a threat to cut more than 300 jobs
German state will become biggest shareholder as Covid-19 halts travel boom
Stipulations include being a ‘good customer’ for European plane-maker Airbus, and a revamp of loss-making services within France
Opinion: Ryanair and IAG unlikely to share in bailout largesse
Airline expects 60% of its flights to be back by September
Controversial practice likely to be out of favour for several years, causing higher volatility
Dispute between Lufthansa and cabin crew ongoing for several months
IAG chief Willie Walsh said that the move is being considered in light of “macro economic” weakness in Europe
‘Performance of UK economy will remain below-par until Brexit issue is resolved’
Laudamotion workers told positions of 30 flight-deck crews at risk
Iseq bucks trend with small drop while FTSE 100 inches higher as investors stay cautious
Company cites ‘tremendous opportunities’ to make travel more enjoyable
Shares fall as much as 30% in early trading in Oslo after airlines says it is open to takeover
Chief executive pledges to pursue ‘ambitious and innovative strategy’
Shares in UK tour operator rose the most in more than two months
Low-cost carrier says sales rose 32% in second quarter
Deal could help group boost market share as competition increases from low-cost carriers
Irish airline accounted for 40 per cent of total customer gains by no-frills carriers in 2017
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