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Economy

Inching closer to the light: travel plots route out of pandemic chaos
Agents and operators have reported an improvement in trading as the industry seeks to start rebuilding from Covid – but the hard work begins now
US leading long-haul rebound for trade heading into autumn
November reopening of the US for Britons is already releasing pent-up demand for transatlantic trips
Leger Shearings steps in to ease agent's furlough pain
An agreement has been made for the group to sub-contract Peakes Travel Elite’s consultants to work remotely for the company
'The chancellor must act to prevent a tidal wave of job losses'
’Government must not pull the rug out from under the feet of the travel industry,’ writes Liberal Democrat MP and treasury spokesperson Christine Jardine for TTG as furlough ends
Many agents set to continue working reduced hours as furlough ends
Industry fears another wave of redundancies after government withdraws job retention support
Furlough scheme comes to an end while value of sterling falls
National titles explore the end of furlough and warn of the falling value of sterling, but there is good news for domestic operators in Thursday’s press headlines
EasyJet raises £1.2 billion to 'accelerate' Covid recovery
Boss Johan Lundgren said the rights issue would help the carrier ’emerge from the pandemic with renewed strength’
No new powers to enforce Covid air ticket refunds – minister
Robert Courts intimates CAA won’t get any new powers to crack down on airlines that refused to refund customers for flights they couldn’t take at the height of the pandemic
New enquiries hit highest level for six months
Latest TTG Travel Agent Tracker survey charts immediate effects of government concessions on travel rules and testing
Scotland to relax testing rules for international travel
Approach will align with UK government plans to scrap pre-departure testing for fully vaccinated travellers and with the UK’s post-arrival test regime
Saga bookings for 2022/23 'ahead of pre-pandemic levels'
Over-50s specialist reports strong demand for future seasons, but warns of ’continued uncertainty in the outlook for the travel industry’
Hopes of US trade deal dashed and Melbourne hit by earthquake
Boris Johnson meets US president Biden at the White House, while the Australian city has been hit by a 5.8 magnitude quake
'The long wait for the US to reopen will have been worth it'
’This announcement brings hope and positivity; but now the real work begins,’ writes Visit USA (UK) chief executive Tracey Spuyman for TTG
Shapps hopeful of half-term start for new testing rules
Transport sec sets out changes to Westminster’s travel rules in full, intimating changes to the UK’s testing regime will come into effect in time for October half-term
'When will the green lights come on again all over Africa?'
’Both those who service, and those who supply, Africa’s tourism need urgent help,’ Atta president Nigel Vere Nicoll writes for TTG
US to reopen to British tourists and gas crisis worries
The US will be back on the UK’s travel map from November, while ministers have offered further reassurance over concerns about gas supplies
Treasury: Travel must now trade its way out of the Covid crisis
Govt reiterates unwillingness to provide additional furlough support for travel, and tells TTG the current package of measures available will support businesses until ’trade begins to pick up’
Travel sees more high street closures despite wider retail recovery
More than 330 retail travel outlets have closed in the past year as sector’s recovery lags behind others
Government-approved testing firm valued at $1.7 billion
Prenetics, which provides tests at Heathrow and for other travel clients including Virgin Atlantic and Carnival, is set to debut on the Nasdaq stock exchange following a merger
Testing rule changes imminent and fresh red list worries
Govt set to appease industry with relaxation of testing rules for travel as furlough ends, plus potential compensation battle over passport rules
Industry lobbies PM again for 'common sense testing regime'
Bosses launch fresh plea for PCR testing to be axed after suggestions of an imminent end to the UK’s restrictive rules on travel were dashed on Tuesday
Johnson ducks question on changes to Covid travel rules
Prime minister says updates to follow shortly on simplifying the traffic light system and making the burden of testing ’less onerous’ for arrivals but declined to offer specifics
Abta urges trade to back Twitterstorm – 2pm today
Association vows to keep up pressure on govt to put the right framework in place to get people travelling, kick-start an industry-wide recovery and provide ongoing financial support
Get ready for summer 2022 price hikes – O'Leary
Ryanair boss Michael O’Leary says capacity restraints will ’dramatically’ drive up airfares next summer