The resumption of air transport stimulates Ryanair and Melrose; UK Gymnasium Visits Rise – Business Live | Business
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The easing of pandemic restrictions in the UK is boosting the business of UK airlines, aerospace manufacturers and also boosting the business of manufacturers and high street companies.
Low cost airline Ryanair reported that it carried 11.1 million passengers in August, significantly more than the 7 million who flew with it in August 2020, and around 75% of the number it carried in August 2019 before the pandemic hit .
EU Covid Certificates are spurring a recovery in the travel industry, according to Ryanair.
This is also an increase from July, when it carried 9.3 million passengers, and also exceeds Ryanair’s previous target of carrying 10 million passengers in August.
The airline said its August load factor – which measures the number of seats occupied on each flight – also increased, to 82% from 73% a year ago, following the easing of travel restrictions this summer.
Earlier this week, Ryanair lifted its fall passenger target amid signs of a “very strong recovery” in European short-haul flights, putting it on track for passenger numbers to surpass levels before the pandemic next summer.
British engineering company Melrose Industries is also benefiting from the recovery, letting shareholders know that trading has been better than expected.
The group, which owns aircraft and auto parts maker GKN, reported half-year adjusted operating profit of £ 223million, down from a loss of £ 11million a year ago as the resumption of its aerospace division helps it overcome supply chain shortages.
Justin Dowley, President of Melrose Industries PLC, said today:
“We continue to see a recovery in all of our activities with exchanges exceeding expectations. It is encouraging to note that our aerospace activity is now geared towards the expected recovery of small spindles.
Our Automotive and Powder Metallurgy businesses are poised to experience strong growth as the well-publicized chip shortage subsides and margin growth is ahead of schedule with more to come.
But the low-cost airline Jet2 reported this morning that passengers had booked closer to their departure date – reflecting uncertainty over travel rules and the ongoing pandemic. And that means that prices will remain “always attractive”.
Philip Meeson, executive chairman, will tell shareholders at his AGM that he flies to 32 green and orange destinations, at around 55% of capacity before Covid Summer 19.
Unsurprisingly, given the lingering near-term uncertainty resulting from the UK government’s three-week review of its traffic light system, customers are booking much closer to the start for summer 21. Despite the limited visibility of traffic lights. reservations, we have fortunately generated a positive financial contribution from the steering wheel to date, supported by our flexible and fast operating model in the market.
The slowdown in bookings for winter 21/22 that we reported in our preliminary results at the beginning of July continued. As a result, bookings have not yet matched our on-sale seat capacity and hence the prices of our two leisure travel products – end-to-end package vacations with Jet2holidays and reserved seats for travelers. flights with Jet2.com – must always remain attractive. . The overall capacity for winter 21/22 is under continuous review.
Britain’s largest home builder Barratt Developments is optimistic this morning, reporting a 65% increase in pre-tax profits amid “very strong housing demand across the country.”
The total number of home completions rose nearly 37% in the year through June 30, to 17,243, as it recovered from foreclosure (up from 12,604 in the previous 12 months). ); not far below the 17,856 total completions achieved in 2019.
Consumers have also flocked to shopping streets and shopping parks across the UK, bringing footfall to its highest level since the start of the Covid-19 pandemic.
Data from retail tracker Springboard this morning revealed that the number of consumers visiting brick-and-mortar stores increased by a quarter in August, helped by people choosing to take a vacation home this summer. .
Attendance was still well below pre-pandemic levels in the same month of 2019, but the gap was below 20% for the first time since the virus first hit the UK in early 2020.
But this pick-up in demand continues to put pressure on UK supply chains as ad chains struggle to get their hands on beer.
The pub chain Tablespoon yesterday warned of shortages of certain brands of beer, including Carling, Coors and Heineken, amid a shortage of delivery drivers and Brexit-induced industrial action.
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