The steepest decline came in April, while a slight recovery during the summer stalled in the autumn and winter when new lockdown measures were put in place across the globe due to new virus variants.
With Covid lockdowns persisting across the globe, carriers are looking for ways to preserve cash and bolster liquidity while flights remain impractical.
BA has raised total liquidity by £2.45bn through its pension deferments and final approval on its loan.
The carrier will defer £37.5m in monthly contributions due between last October and September this year after a striking a deal with the trustee of its New Airways Pension Scheme. Under the agreement, BA will also suspend dividend payments to parent IAG until the end of 2023.
Top UK Stocks to Watch: Dechra hikes dividend as profits soar
Joshua Warner February 22, 2021 9:14 AM
Dechra shares fall as it warns the pre-Brexit build up in customer inventories will unwind, IAG secures new funding for British Airways, Saga is reported to be in talks about a new debt package, and M&B continues to suffer as pubs remain closed during lockdown. Share:
Top News: Dechra profits jump but warns pre-Brexit inventory will unwind
Dechra Pharmaceuticals said revenue and profits both jumped in the first half of its financial year despite falling in ‘one of the most challenging years in Dechra s history’.
TOP NEWS SUMMARY: UK To Ease Virus Lockdown As US Nears 500,000 Deaths
Mon, 22nd Feb 2021 11:36
(Alliance News) - The following is a summary of top news stories Monday.
COMPANIES
The US Federal Aviation Administration ordered extra inspections Sunday of some Boeing 777 passenger jets, after a United Airlines flight suffered engine failure a day earlier, scattering debris across a Colorado community. FAA Administrator Steve Dickson said the order meant some 777s would likely be removed from service. He had consulted with his team of aviation safety experts after Saturday s engine failure aboard a Boeing 777 airplane shortly after it took off from Denver. I have directed them to issue an Emergency Airworthiness Directive that would require immediate or stepped-up inspections of Boeing 777 airplanes equipped with certain Pratt & Whitney PW4000 engines, Dickson said in a statement released on Twitter. A video shot from inside the aircraft – which had 231 passengers and 10
LONDON MARKET CLOSE: Stocks Pare Losses As UK PM Sets Out Roadmap
Mon, 22nd Feb 2021 17:01
(Alliance News) - Stocks in London ended lower, with the FTSE 100 held back by strength in the pound, but recovered from earlier losses as travel and hospitality stocks reacted positively to the UK government s lockdown easing plans.
UK Prime Minister Boris Johnson announced a four-stage plan could see England s coronavirus restrictions finally lifted by June 21.
In the first phase, all pupils in England s schools are expected to return to class from March 8.
Socialising in parks and public spaces with one other person will also be permitted from that date.
British Airways boosted by £2 4bn loan and pensions deal as travel restrictions keep flights grounded cityam.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cityam.com Daily Mail and Mail on Sunday newspapers.