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British companies note that Brexit has already begun to have a negative impact on the sale of airline tickets, Bloomberg writes. Demand for air transportation was under pressure due to the depreciation of the pound sterling, Atlantic Airways and Jet2 reported. The desire of the British opposition to thwart a deal agreed upon by Prime Minister Theresa May with the European Union can further reduce demand. The deterioration of the air traffic situation is also expected by the Irish Ryanair Holdings, fearing that the UK will leave the EU without an agreement. At the same time, statements made in recent weeks by representatives of the UK and the EU about the existence of mechanisms capable of ensuring the continuation of aircraft flights even in the event of a “tough” Brexit, somewhat lessened the fears of British airlines.
Japan’s first-quarter business spending came smaller than what was initially estimated, revised data showed on Monday. This underscored a sharper damage that the novel coronavirus pandemic had inflicted on the world’s third-biggest ...
The dollar was under pressure on Monday as the escalating U.S.-China tensions weighed on the market, while investors worried that the U.S. coronavirus resurgence could stall economic recovery. The dollar fell to a four-month low on the yen ...
After a record decline seen last quarter, Britain’s economy is expected to grow at its most rapid pace in decades. The recovery is likely as large portions of the economy resumed operations after coronavirus-related lockdowns were lifted. Despite ...
On Thursday, United Airlines' (UAL.O) and its pilots' union said that they had reached an agreement on two different resolutions to reduce involuntary furloughs in August. The company said that it would keep pilots ready once the global travel ...
On Monday, United Airlines (UAL.O) announced that it would continue adding more flights for international routes in September. The airline company plans to reintroduce flights that were canceled due to coronavirus pandemic. United Airlines ...
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