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Low-cost carriers see passenger numbers plummetPassenger numbers at Ryanair and Wizz Air have fallen over 80% last month, with the effects of the second national lockdown in the UK weighing on the sector. Ryanair has said it expects summer 2021 levels to reach 80% to 90% of 2019’s figures, while Wizz Air hopes to return […]

Netflix to declare revenues to HMRC

Netflix is to start declaring the revenues it makes from British subscribers to UK tax authorities, a change that is likely to increase the amount it pays in UK corporation tax. Netflix’s UK-generated revenue has gone through accounts at its European headquarters in the Netherlands since the streaming service launched in Britain in 2012. Netflix […]

Jet2 Profits grounded by pandemic

Jet2 has posted a £68.7m pre-tax loss for the six months to September 30, down from a £278m profit for the same period last year. The airline flew just 990,000 passengers in the half-year, down from 10m a year earlier as plunging demand and restrictions amid the COVID-19 pandemic. Package holiday passengers slumped to 30,000, […]

Airlines Vaccine Boost

Vaccine news boosts airline shares With Moderna announcing that its coronavirus vaccine has proved successful in trials, listed airlines have seen share prices rise. British Airways-owner IAG, Tui, easyJet, Wizz Air and Ryanair all saw stock values climb on the news, with the prospect of a vaccine increasing hopes that travel will become less restricted […]