City comment: Omicron is unwanted turbulence for BA, easyJet and Virgin Atlantic

Asia's Tech News Daily

Virgin Atlantic cabin crew staff at London Heathrow Airport’s T3 (Doug Peters/PA) (PA Wire)

If you’ve turned on a TV recently you’ve probably been serenaded by the choral stirrings of British Airways.

The airline has launched its first new ad campaign since the pandemic struck. It shows crew and pilots awaking from hibernation.

The marketing blitz coincides with the resumption of flights to the US, BA’s big money spinner. The lifting of travel bans meant things were finally looking up for BA after a torrid two years. At least that was the plan. Then along came Omicron.

Shares in BA’s parent company IAG have sunk almost 20% since the Covid-19 variant was identified at the end of last week. Analysts are now raising doubts about rival Virgin Atlantic’s efforts to raise £400 million. Shares of other travel companies have tumbled too.

It’s easy to see why investors are hitting the sell button. EasyJet today laid bare the incredible cost of restriction: losses of more than £2 billion in two years.

Travel restrictions remain limited for now but that could change in short order. We still know very little about Omicron. New information could prompt tougher measures.

Airlines have already tapped up investors for billions and many shareholders will now be nervous that another cash call could be on the way soon.

Investors won’t cough up forever. Consolidation looks likely. EasyJet promised growth when it knocked back a takeover attempt from Wizz Air earlier this year but that now looks difficult. The Hungarian challenger may want to consider a second tilt.

Internet Explorer Channel Network
Asia's Tech News Daily
News Related

OTHER NEWS

Delhi's daily Covid cases likely to go down by 4,000-5,000 Monday: Minister Satyendar Jain

Delhi Health Minister Satyendar Jain on Monday said that the city is likely to witness 4,000-5,000 less COVID-19 cases than the number reported on Sunday. He also said the vaccination ... Read more »

Recruiter used foreign workers' data to redeem enough masks to last 66 years

SINGAPORE — A recruiter who handled payrolls used the identification numbers of foreign workers to redeem so many masks that she could use them for more than 66 years. Chua ... Read more »

Shock video shows moment tornado rips through Fort Myers, Florida, leaving dozens of homes destroyed

SHOCKING video shows the moment a tornado ripped through a Florida town on Sunday, damaging dozens of homes. The footage shows a twister zooming through Fort Myers, tearing off parts ... Read more »

Anniversary Special: Take A Peek Inside Akshay Kumar & Twinkle Khanna's Sea Facing Abode In Mumbai

Whether or not you’re a fan of Akshay Kumar, you’ll know that the superstar resides in Mumbai along with his wife Twinkle Khanna, son Aarav, and daughter Nitara in Juhu’s ... Read more »

Pat Cummins's gesture towards Usman Khawaja after Ashes victory wins hearts: 'Just made sure he got up there'

Pat Cummins Australia captain Pat Cummins has been lauded for his leadership qualities after a video of him asking his team mates to stop spraying champagne to allow batsman Usman ... Read more »

Tamil Nadu police collect Rs 3.45 crore in fines for violating Covid norms since January 7

Tamil Nadu police collect Rs 3.45 crore in fines for violating Covid norms since January 7 Since January 7 2022, the Tamil Nadu police has collected Rs 3.45 crore in ... Read more »

‘Stop This Drama' Kohli Fans Slam Rohit For Expressing 'Fake Shock' On Captaincy News

© Provided by MensXP Virat Kohli took to social media on Saturday to drop a bombshell on the cricketing world as he announced that, after being at the helm for ... Read more »

Explained: Why T cell vaccines could be the key to long-term immunity from COVID-19

© Provided by Firstpost Explained: Why T cell vaccines could be the key to long-term immunity from COVID-19  Manchester, UK: With omicron having rapidly driven up COVID infections, attention is ... Read more »

Discover what your handwriting says about your personality

A human being’s personality gets reflected in the little things he does or says. A person’s handwriting is an excellent way to discover personality traits believes graphology expert Sudhir Kove. ... Read more »

Is it okay to let your teen have a sleepover with their BF/GF? 20 parents weigh in.

It can often be a bit awkward and a major reality check when you realise your teenage child is becoming sexually active. For And Just Like That… fans, we’ve seen Miranda ... Read more »

Sonic boom, quake, tsunami waves: Why Tonga volcanic eruption was no small event

© Provided by Hindustan Times A plume rises over Tonga when the underwater volcano Hunga Tonga-Hunga Ha’apai erupted, in this satellite image taken by a Japanese weather satellite on Sunday. ... Read more »

Courteney Cox reveals THIS character's death was scrapped from the OG Scream movie

© Provided by Pinkvilla Amid the release of the latest film in the Scream franchise, actress Courteney Cox who returns as Gale Weathers from the franchise, opened up in a ... Read more »

Allu Arjun starrer Ala Vaikunthapurramuloo to release in Hindi; will this be a hurdle for Kartik Aaryan starrer Shehzada?

© Provided by BollywoodLife.com Allu Arjun starrer Ala Vaikunthapurramuloo was released in 2020. The film, which also starred Pooja Hegde, was a blockbuster at the box office. It also received ... Read more »

Anaemia in astronauts could be a challenge for space missions

The next “giant leap” for humans may be a trip to Mars, but having enough oxygen-carrying red blood cells for the journey might present a challenge, new research suggests. Even ... Read more »

Odisha Govt proposes to revise the prisoners' wages on HC's directions

© Provided by The Statesman Odisha Govt proposes to revise the prisoners’ wages on HC’s directions The Directorate of Prisons and Correctional Services has suggested the State government for enhancement ... Read more »

Pfizer announces €520 million investment in France to fight Covid-19

© Dado Ruvic, Reuters Albert Bourla, the chief executive of U.S. drugmaker company Pfizer, told French TV station BFM TV on Monday that Pfizer was making a 520 million euros ($593.7 million) investment ... Read more »

Padma Shri awardee Shanti Devi passes away, PM Narendra Modi expresses grief

© Provided by Zee News New Delhi: Social worker and Padma Shri awardee Shanti Devi passed away on Sunday night (January 16, 2022) at her residence in Gunupur, Rayagada district ... Read more »

Bigg Boss 15: Rahul Vaidya extends support to Shamita Shetty, Karan Kundrra, Nishant ahead of finale

© Provided by Pinkvilla Bigg Boss 15, which has been all about controversies and fights, is now in its last leg and the contestants are putting in their best effort ... Read more »

Jeff Goldblum closes Prada's menswear show at Milan Fashion Week

© AP Jeff Goldblum walked down the runway in a black overcoat with bands of fluffy faux fur – AP Jeff Goldblum closed Prada’s menswear show at the Milan Fashion ... Read more »

NCR Covid-19 growth rate reaches negative level

The growth rate of Covid-19 cases in the National Capital Region have reached negative level based on data of the Department of Health. The positivity rate and reproduction number have ... Read more »

China's birthrate falls to 61-year low despite moves to stave off demographic crisis

© Provided by The Guardian Photograph: Xinhua/Rex/Shutterstock China’s birthrate has fallen to its lowest level in six decades, barely outnumbering deaths in 2021 despite major government efforts to increase population ... Read more »

Kendall Jenner steps out in fur for dinner with Fai Khadra in Aspen

During the day on Sunday Kendall Jenner was spotted with a few of her close friends, including Fai Khadra, for a day of snowboarding in Aspen, Colorado.  And by nighttime, ... Read more »

Kerala lottery 2022: Win Win W-651 results to be out at 3 pm; first prize Rs 75 lakh

© Provided by Firstpost Kerala lottery 2022: Win Win W-651 results to be out at 3 pm; first prize Rs 75 lakh The results of the Win Win W-651 lottery ... Read more »

‘Marine super year' promised by UK government was a flop, say wildlife charities

A ministerial promise that 2021 would be a “super year” for marine protection has fallen flat, according to conservation groups. Charities including the RSPB, WWF-UK and Surfers Against Sewage said ... Read more »

Pandit Birju Maharaj's filmy detours were no short of magical; Sanjay Leela Bhansali, Kamal Haasan, Alia Bhatt pay tributes

© Provided by Firstpost Pandit Birju Maharaj’s filmy detours were no short of magical; Sanjay Leela Bhansali, Kamal Haasan, Alia Bhatt pay tributes Pandit Birju Maharaj was to the Kathak ... Read more »

Naagin 6: Ekta Kapoor to make an announcement soon about show's lead, release date

© Provided by BollywoodLife.com Naagin 6 is one of the most awaited television shows. Every fans is eagerly waiting to know who the lead stars will be in the new ... Read more »

French political left light up an enormous parliamentary doobie

French MPs discussed a bill this week to legalise the consumption of cannabis. Proposed by the hard-left France Unbowed party (LFI), it is not expected to find government support, but ... Read more »

UK man left paralysed following 'freak accident' helped back on his feet by sport stars

A businessman left paralysed following a “freak accident” while raking his lawn has been helped back on his feet by two sport stars. Darren Bovis, 54, lost the use of ... Read more »

China's Economy Grows at Slower Pace, PBOC Cuts Key Interest Rates

© Reuters China’s Economy Grows at Slower Pace, PBOC Cuts Key Interest Rates By Gina Lee Investing.com –China’s economy grew slower in 2021, potentially impacted by a property market slump. ... Read more »

UAE weather today: dusty and partly cloudy with a chance of rain

© Provided by The National The weather today will be dusty and partly cloudy with a chance of rain. Sarah Dea/The National The weather today will be dusty and partly ... Read more »

Punjab Assembly polls: Here's why parties have asked EC to defer elections in the state by at least six days

© Provided by Firstpost Punjab Assembly polls: Here’s why parties have asked EC to defer elections in the state by at least six days The Election Commission will hold a ... Read more »

Cost of living to bite hardest in spring with an extra 1m households with children plunged into fuel poverty

The cost of living squeeze is set to bite hardest in the spring with an extra one million households with children plunged into fuel poverty, i can reveal. More than ... Read more »

Ala Vaikunthapurramuloo in Hindi: After Pushpa, Allu Arjun gears up for classic comeback in theatres again

© Provided by Pinkvilla After the massive success of Pushpa, the makers of Allu Arjun and Pooja Hegde starrer Ala Vaikunthapurramuloo have taken a smart move. Ala Vaikunthapurramuloo makers are ... Read more »

Covid-19 in Delhi: Expect around 14,000 fresh cases today, says Satyendar Jain

Delhi Health Minister Satyendar Jain said daily Covid-19 cases in the national capital would log a decline for the fourth day straight, with around 14,000 fresh infections reported in the ... Read more »

Covid vaccine: Parents spend thousands to travel abroad to get jabs for their children aged under 11

Some parents have resorted to spending thousands of pounds on taking their children under the age of 11 abroad to get vaccinated against Covid, i has learned. Children aged 5-11 ... Read more »

Bangarraju day 3 box office collection: Nagarjuna and Naga Chaitanya's supernatural film completes roaring first weekend

© Provided by BollywoodLife.com Bangarraju is taking the box office in both Telugu states of Andhra Prades and Telangana by storm while also putitng up a solid show overseas. The ... Read more »

Covid-19 booster vaccines now open to teenagers and most at risk 12 to 15-year-olds

Teenagers will be able to book their booster dose online from today as the NHS rolls out booster vaccines to children aged 12 to 15 years old who are most ... Read more »

‘My warm home allowance doesn't even cover my energy bill': The people buffeted by the cost of living crisis

Families, single parents and pensioners have spoken about the reality of being affected by the cost of living crisis, with some struggling to pay their bills even with hardship payments. ... Read more »

Alex Ferguson's reaction when two Man Utd players went out partying after Man City loss

It’s fair to say Manchester United miss Sir Alex Ferguson. The club haven’t won the Premier League title since 2012/13 – Ferguson’s final season before retiring. In total, he won ... Read more »

Tim Sherwood notices Jordan Henderson's sly move during Liverpool's win over Brentford

Tim Sherwood has praised Jordan Henderson for his “very clever” involvement in Liverpool‘s opening goal against Brentford. The Reds climbed up to second in the Premier League table as a ... Read more »
On free-english-test.com you will find lots of free English exam practice materials to help you improve your English skills: grammar, listening, reading, writing, ielts, toeic