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    EZJ   GB00B7KR2P84

EASYJET PLC

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More airlines join legal action against UK over travel curbs

06/23/2021 | 07:51am EDT
FILE PHOTO: FILE PHOTO: The easyJet Airbus A320-251N takes off from Nice international airport in Nice, France

(Reuters) - More airlines on Wednesday joined legal action against the Britain over its travel curbs, adding to pressure on the government to relax restrictions that are putting businesses and jobs on the line.

EasyJet and tour group TUI said they had joined the action led by Manchester Airports Group (MAG) aimed at challenging the government for an alleged lack of transparency over travel rules.

The two airlines join the country's other biggest travel firms Ryanair, British Airways-owner IAG and Virgin Atlantic as interested parties in the case.

A spokesman for MAG, the claimant in the case, said the court had accepted its application for an expedited hearing and the government, specifically the transport minister and the health minister, had until Monday to file a defence.

"We cannot comment on legal proceedings," said a government spokesperson.

A date for a hearing is likely to be set either later next week or for the following the week, added the spokesperson.

The travel industry remains effectively closed as rules require 10 days quarantine for arrivals from all European Union countries and the United States. Government advice also warns against travelling to most countries.

British pilots, cabin crew, travel agents and other workers are urging politicians to reopen foreign routes with protests and demonstrations across the country on Wednesday.

The government said in an emailed response its travel rules sought to balance the reopening of international travel with safeguarding public health and protecting the country's vaccine programme.

(Reporting by Sarah Young; Editing by Mark Potter)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
EASYJET PLC -2.39% 826.2 Delayed Quote.-0.46%
INTERNATIONAL CONSOLIDATED AIRLINES GROUP, S.A. -1.48% 170.9 Delayed Quote.6.95%
RYANAIR HOLDINGS PLC -0.66% 16.655 Real-time Quote.2.46%
TUI AG -0.08% 3.877 Delayed Quote.22.58%
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Financials
Sales 2021 1 407 M 1 960 M 1 960 M
Net income 2021 -993 M -1 383 M -1 383 M
Net Debt 2021 2 264 M 3 153 M 3 153 M
P/E ratio 2021 -3,91x
Yield 2021 -
Capitalization 3 756 M 5 219 M 5 231 M
EV / Sales 2021 4,28x
EV / Sales 2022 1,12x
Nbr of Employees 14 000
Free-Float 74,0%
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Technical analysis trends EASYJET PLC
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Mean consensus OUTPERFORM
Number of Analysts 22
Last Close Price 826,20 GBX
Average target price 1 077,62 GBX
Spread / Average Target 30,4%
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Managers and Directors
Johan Peter Lundgren Chief Executive Officer & Director
Kenton Jarvis Chief Financial Officer
Robert John Orr Barton Non-Executive Chairman
Sam Kini Chief Data & Information Officer
Peter Brendan Bellew Chief Operating Officer
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