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Airlines pare guidance as investors show relief it’s not worse

Bloomberg A surge in coronavirus infections is delaying, but not derailing, the recovery at several US carriers, including United Airlines Holdings Inc and Southwest Airlines Co. Most major carriers said customer bookings have slowed in recent weeks, signalling through regulatory filings and comments at an industry conference that the path out of the Covid-19 era remains bumpy. Even so, several ...

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Ryanair says Brexit forces sale of 1mn investor shares

Bloomberg Ryanair Holdings Plc is forcing investors who aren’t European Union citizens to sell any shares purchased after January 1, in a reminder of the lingering constraints on investors tied to the Brexit split. Non-EU citizens have been barred from buying stock in the Irish discount airline since the UK left the bloc at the start of the year. When ...

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Cathay Pacific to close London pilot base

Bloomberg Cathay Pacific Airways Ltd has decided to close its pilot base in London, saying many of its staff there haven’t had any flying duties since April 2020 because of the impact of the pandemic. The airline didn’t disclose how many pilots would be affected, but said in a statement they are being offered the option of relocating to Hong ...

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