There was a slide in pre-tax profits from EasyJet yesterday. Airlines are concerned the triggering of Article 50, the mechanism which formally starts Brexit negotiations with Brussels, could put the Open Skies agreement at risk. Carriers such as Ryanair and IAG, the owner of British Airrways, have urged the UK government to preserve the agreement, or otherwise, risk hurting UK airlines. Share Radio's Matt Cox heard from Aviation Industry Commentator Julian Bray to find out more about Open Skies and why there is so much concern.
Anne Bromley, co-owner of Newcastle's Travel Bureau, which manages corporate travel for companies across the North East, joined Share Radio Morning Money to look at why the Heathrow expansion presents huge opportunity for North East business. Anne suggests that the North East will benefit if the project is properly managed and backed up with connectivity development.
There are some new headwinds for UK airlines one way or another.
Ryanair boss, Michael O’Leary, has said he expects Brexit to cost the no-frills airline 5 million passengers next year, as he predicted the UK would end up looking “pretty stupid”. Easyjet meanwhile has remained silent on market talk of a possible bid.
But bucking the trend, holiday airline Jet2.com has announced plans to create almost 1000 new jobs: hiring in pilots, cabin crew, and engineers starting in September to work from eight regional airports.
Is this a a savvy move or a mistake?
Matt Cox has been scoping out the airline sector with John Grant, Partner at aviation data and analysis specialists MIDAS Aviation.
In a continuation of our weeks coverage of the Farnborough Airshow, Howard Wheeldon, of Wheeldon Strategic Advisory joins the team once again to discuss the latest aviation industry orders at show the with Nigel Cassidy and Louise Cooper on Morning Money.
A huge search operation involving the Egyptian, Greek, French and British military is continuing in the Mediterranean Sea. EgyptAir flight MS804 was en route from Paris to Cairo with 66 passengers and crew on board when it dropped off the radar at 37,000 feet. The loss of another passenger plane raises major business issues for carriers everywhere. John Strickland is a former airline industry chief, and the founder of JLS Consulting, looked at the industry implications.
Boeing, the world's largest plane manufacturer, plans to cut thousands of jobs. So is this a sign that Boeing, and even the wider aerospace sector, is in trouble? Matt Cox spoke to aviation expert Julian Bray who offered his thoughts on the situation.