Ryanair says UK lagging Europe on post-COVID recovery By Reuters

© Reuters. FILE PHOTO: A passenger arrives at Gatwick Airport south of London as travel restrictions are eased following the coronavirus disease (COVID-19) outbreak, July 10, 2020. REUTERS/Toby Melville/File Photo

By Clara-Laeila Laudette and Conor Humphries

MADRID/ROME (Reuters) -Britain is lagging the aviation recovery in the rest of Europe due to confusing COVID-19 restrictions and its airports will struggle in the coming winter, Ryanair executives said on Tuesday.

“Most European markets are recuperating … the exception is the UK (where) there’s this continued confusion,” Eddie Wilson, CEO of Ryanair DAC, Ryanair Group’s largest airline, told Reuters. “It’s going to be a difficult winter for us – we’re stimulating (passenger numbers) with lower fares.”

While it would not be difficult to reach high passenger volumes over Christmas in Europe, British airports would likely struggle over the period, Ryanair Group CEO Michael O’Leary told reporters in a separate event in Rome on Wednesday.

“Places like Heathrow and Gatwick (are) struggling with … Brexit border controls and COVID,” O’Leary noted.

Both executives referenced travel debacles this summer when the UK abruptly changed the risk classifications of destinations thousands of Britons were holidaying in, causing frustration and anger amongst tourists forced to book expensive diagnostic tests and undergo lengthy quarantines.

“People remember what happened in Portugal, and more recently Montenegro,” Wilson said. “They need certainty and we’ve seen bookings reflect almost exactly people’s level of confidence.”

The Ireland-based low-cost airline announced on Monday that talks with aircraft supplier Boeing (NYSE:) over an order of MAX 737 planes worth billions had failed, with O’Leary saying he would wait up to 10 years for a downturn and the right prices.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Source link

Show More

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button