June, 2022

• 22 June

  EasyJet Spain cabin crews call nine days of strikes for July

  

  Bloomberg EasyJet Plc’s Spain-based cabin crews are planning nine days of strikes in July, potentially piling on the pain for holidaymakers as European airports grapple with labor protests and shortages. Walkouts are planned for July 1-3, 15-17 and 29-31 with as many as 450 staff at Barcelona, Malaga and Palma de Mallorca airports set to take part in the stoppages, …

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• 22 June

  Passenger jet bursts into flames in Miami

  

    Bloomberg A passenger jet with 126 people on board burst into flames when its landing gear collapsed after touchdown at Miami International Airport. Three people suffered minor injuries. The accident, involving a McDonnell Douglas MD-80 aircraft operating as Red Air Flight 203 from the Dominican Republic, occurred around 6 pm local time, the Federal Aviation Administration said in an …

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• 22 June

  ITA says ‘government near to decision on airline buyer’

    Bloomberg The Italian government is likely to select a buyer for new national airline Italia Trasporto Aereo in the “next few weeks,” according to the carrier’s CEO, Fabio Lazzerini. ITA, the successor to failed Alitalia SpA, expects a transaction to be completed by the end of the year, Lazzerini said in an interview on the sidelines of the International …

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• 22 June

  UK to give airlines waiver on airport slots

    Bloomberg The UK will give airlines a waiver from rules requiring them to use airport slots or lose them, allowing them to pull some capacity in a bid to stem the recent travel chaos. The Department for Transport said it would offer an amnesty on takeoff and landing slot regulations, which mandate airlines use them or forfeit them in …

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• 22 June

  ExpressJet hires new adviser after losing United contract

    Bloomberg ExpressJet Airlines, a regional airline that has resumed operations after losing a key contract during the pandemic in 2020, has hired Moore Colson, an accounting and financial advisory firm, to help it fix its financial and labour problems. The carrier is looking to cut its debt load and renegotiate contracts with pilots, according to people with knowledge of …

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• 22 June

  HKMA buys Hong Kong dollar at record pace as peg gets tested

  

  Bloomberg Hong Kong’s de facto central bank bought the local dollar at the fastest pace on record this month to defend its currency from crossing the weak end of its trading band. The Hong Kong Monetary Authority (HKMA) bought HK$78.1 billion ($10 billion) so far this month, including its HK$20.8 billion purchase. The currency still continues to linger near the …

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• 22 June

  UK extends NatWest trading plan to 2023

  

    Bloomberg The UK government is extending a plan to sell more of its 11.3 billion-pound ($14 billion) stake in NatWest Group Plc for another year, as it looks to further reduce its stake in the lender. UK Government Investments Ltd., the body that oversees state holdings, said the extension means the trading plan is now set to terminate on …

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• 22 June

  Yen hits fresh 24-year low

    Bloomberg The yen sinks to a fresh 24-year low against the dollar as risk assets rebounded and investors ventured out of havens. The currency falls more than 1% overnight and traded at 136.50 per dollar in Tokyo, its lowest since 1998. “The demand for safe haven currencies is down today and that’s weighing on the yen,” said Brendan McKenna, …

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• 22 June

  Rupee set to weaken beyond 80 per dollar

    Bloomberg India’s rupee may extend declines to a record-low 81 per dollar by year-end due to rising prices of crude and other raw materials, according to Bank of America (BofA). The currency has already slumped more than 5% this year as Russia’s invasion of Ukraine sent Brent crude surging to almost $140 a barrel in March. The rally in …

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• 22 June

  Stocks, futures decline on pervasive economic fears

  

    Bloomberg Stocks in Europe fall along with US futures and commodities amid ever-louder warnings that Federal Reserve monetary tightening may lead to an economic downturn. The Stoxx Europe 600 Index retreated while contracts on the Nasdaq 100 extended declines to 2% and those on the S&P 500 also dropped, pointing to a reversal from Monday’s bounce in the main …

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