|Bid||208.55 x 0|
|Ask||208.55 x 0|
|Day's range||207.00 - 213.15|
|52-week range||0.94 - 361.40|
|Beta (5Y monthly)||2.59|
|PE ratio (TTM)||N/A|
|Earnings date||07 May 2021|
|Forward dividend & yield||N/A (N/A)|
|Ex-dividend date||02 Jul 2020|
|1y target est||7.17|
The boss of British Airways says flights to the US should restart immediately because of the swift vaccine rollout in both the UK and America, while easyJet expects to start operating more flights from late May. Sean Doyle, the airline'ss chief executive, said that Britain and the US were "more or less mirroring each other" on vaccination. "That should lead to the UK and the US being able to lead the way in terms of opening up," he added. “There's an immediate opportunity to open up the US." Transatlantic services have generated significant revenues for BA, with business and other corporate tickets proving extremely profitable. Although flights to short-haul destinations restarted last summer before the winter restrictions were implemented, routes to the US have remained closed throughout the pandemic. Mr Doyle said: "The breadth and depth of the network we have provided there [transatlantic flights] historically has been a competitive advantage for us." Experts have warned that long-haul services will be the last to return to pre-pandemic levels, with some forecasting that they will not fully recover until 2026. The comments, made at the online aviation industry event CAPA Live, followed remarks made by the boss of Virgin Atlantic earlier this week. Shai Weiss said he was planning for a long-term reduction in business flying, with corporate travel a fifth lower than pre-crisis levels for the next two years. “Will business travel return in the same way? No, I don’t think so. But do I think there will be a return to business travel? Absolutely,” he told the Financial Times.
British Airways is well placed to lead a European travel recovery from COVID-19 if relatively swift vaccine rollouts in Britain and the United States enable transatlantic routes to reopen, Chief Executive Sean Doyle said on Wednesday. Transatlantic re-opening would play to the network strengths of British Airways and parent group IAG, he added.
Prime minister Boris Johnson is expected to announce on 5 April that foreign travel will be allowed to reopen under a traffic light system once the coronavirus restrictions ease.