Latest news with #JoanValls
Metro
25-05-2025
- Entertainment
- Metro
EasyJet flight diverted to Gatwick after emergency declared on board
An emergency forced the plane to change course (Picture: Joan Valls/Urbanandsport/NurPhoto via Getty Images) An easyJet flight from Alicante to Manchester was forced to divert to Gatiwck after a mid-air emergency. Flight U25521 declared an emergency on board while flying over the south British coast this morning. The plane then changed flight plan and landed at Gatwick airport at around 8.30am on Sunday. It is not known what the emergency was or whether the plane was met by emergency services after touch down. This diversion comes weeks after another easyJet flight from Tenerife to Liverpool landed early at a northern Spanish airport due to a medical emergency on March 25. Flight U25521 altered course after being forced to land at Gatwick (Picture: FlightRadar) There attempts were made to 'revive a 67-year-old passenger who was unconscious'. Passengers then stayed at the Santiago-Rosalia de Castro Airport, in Galicia, over night before heading home the next day. A couple weeks earlier an easyJet pilot made an emergency diversion after families came to blows 30,000ft in the air over a boy watching The Karate Kid too loudly. Get in touch with our news team by emailing us at webnews@ For more stories like this, check our news page. Arrow MORE: British Airways pilot caused plane to catch fire after mixing up left and right Arrow MORE: Greece's little-known 'floating village' with £100 flights and hardly any people Arrow MORE: Major UK airport to hike parking drop-off fees within days
Business Mayor
22-04-2025
- Business
- Business Mayor
Airlines expected to cut 2025 outlooks as travel demand falters
A Boeing 767-332(ER) from Delta Air Lines takes off from Barcelona El Prat Airport in Barcelona on Oct. 8, 2024. Joan Valls | Nurphoto | Getty Images Waning travel from Canada. Signs of weaker demand across the Atlantic. Mass government layoffs. Tariffs. Consumers pulling back on travel bookings. The worst stock market swoon since 2020. All are signs of concerns for the airline industry. U.S. airlines will likely cut their 2025 outlooks when they report earnings starting this week, analysts say, pointing to cracks in demand for travel, which customers had prioritized even through years of inflation. 'Clearly, things are softer than they were in January,' Raymond James analyst Savanthi Syth told CNBC. Delta Air Lines last month cut its first-quarter forecast, citing weaker-than-expected corporate and leisure bookings. American Airlines and Southwest Airlines also trimmed their outlooks for the first half of the year. Since then, airline stocks have tumbled further, as concerns have grown about weaker demand amid President Donald Trump's policies, most recently, new globe-spanning tariffs of no less than 10%. 'The level of sell-off is worse than the reality right now, but it doesn't necessarily mean it won't be the reality six months from now,' Syth said. Stock chart icon NYSE Arca Airline Index and S&P 500 Wall Street analysts have slashed their price targets and downgraded their ratings on U.S. airlines, even Delta, the most profitable of the U.S. carriers. Like its main rival United Airlines , Delta has said high-income consumers who are willing to shell out more for roomier seats have been a boon to its bottom line in recent years. Read More Share a tip on a brilliant winter activity trip However, they're not expecting anything like the pandemic in 2020, when countries closed their borders and air travel demand essentially dried up overnight. It was still the industry's worst-ever crisis. Demand hasn't disappeared this time, but instead is showing signs of strain that other industries have also seen. Delta will be the first of the U.S. airlines to report quarterly results before the market opens on Wednesday. Airline stocks have tumbled this year. Delta has plummeted more than 38%, American has fallen over 45% and United has dropped more than 40% so far in 2025. The turn in sentiment is stark for the travel industry, which has enjoyed strong demand, particularly for international destinations, since the end of the pandemic, as consumers prioritized experiences like weekslong trips through Japan and jaunts to Portugal over buying goods. Signs of lower international demand, in addition to weaker travel from Canada, are emerging in U.S.-Europe bookings. Bookings between the U.S. and Europe for June through August are down about 13% over last year as of March 31, according to aviation data firm Cirium, though it cautioned that the figures come from online travel agencies and not direct bookings on airline sites. Still, some analysts are concerned. 'We expect a world of slower growth, higher inflation, and a more isolationist U.S. to significantly disrupt the competitive environment for airlines,' TD Cowen wrote on Friday. 'We are concerned that the new economic paradigm causes another structural leg down in corporate travel while the negative wealth effect further dampens consumption, especially by Baby Boomers.' The Bank of America Institute wrote last week that it 'could be that the recent drop in consumer confidence is translating into people hesitating to book trips, or considering paring them back,' though it added that 'bad weather and a late Easter this year are also likely playing a part.' Airline executives have said that government travel, which accounts for just a few percentage points of their business but millions of dollars in revenue, has dried up during the mass layoffs and other cost cuts. They'll face questions on earnings calls this month about side effects, such as job cuts at companies like consulting giant Deloitte. Another question will be how resilient premium travel demand is. Syth said the front of the airplane will likely still be full, but that airlines could stimulate demand, if needed, by offering attractive point redemptions for frequent flyers. 'The cabins will be full, but how good will the yields be?' she asked.
Yahoo
15-04-2025
- Sport
- Yahoo
FC Barcelona News: 14 April 2025
Photo by Joan Valls/Urbanandsport/NurPhoto via Getty Images Alejandro Balde injury news - FC Barcelona Tests carried out on Sunday morning on the first team player Alejandro Balde confirm that he has a distal injury to his left hamstring. His return to action with the first team will depend on his recovery. Advertisement When and where to watch Borussia Dortmund v FC Barcelona - FC Barcelona All the info you need to follow the second leg of the Champions League quarter final in Germany. FC Barcelona v Real Madrid league fixture date and kickoff time confirmed - FC Barcelona The wait is over, LaLiga has announced that the matchday 35 fixture between FC Barcelona and Real Madrid is set to be played on May 11, kickoff 4.15pm CEST. A date for the diary when the football world comes to a standstill. Barça Women 6-0 Atlético Madrid: No let up - FC Barcelona Complete performance in the Estadi Johan Cruyff with a comprehensive 6-0 victory over Atlético Madrid at the beginning of an important week of the 2024/25 season. Six goals from six different players, Pere Romeu's team look on good form ahead of fixtures at home against Sevilla on Wednesday and Chelsea on Sunday. Advertisement Barça Atlètic 2-0 Sestao River: More than just a win - FC Barcelona Another step forward, as Barça Atlètic came away with a very important win as they seek to avoid the drop. Aleix Garrido and Jan Virgili scored the goals, and Ander Astralaga also played a key role in goal against Sestao River, who are now only four points ahead and one place above the relegation places. Dani Olmo, cleared for Dortmund - Mundo Deportivo The Spanish midfielder will be available for Hansi Flick for the second leg of the Champions League quarter-finals. Special treatment for Raphinha and Araujo after the win at Leganés - Mundo Deportivo Barça carried out the usual recovery training at the Ciutat Esportiva and the players who ended up injured at Butarque received specific treatment. Barça and Madrid's path to the Clásico that could decide LaLiga - Mundo Deportivo After resolving both of their Matchday 31 commitments with hard-fought victories, the Blaugrana maintain a four-point advantage over Los Blancos. Advertisement 30 goals ruled out for offside against Barça's opponents - Mundo Deportivo Leganés was also a victim of Barça's high line and scored an offside goal. Dani Raba put the ball in the back of the net in the 69th minute but his goal was disallowed for being ahead of the Barça defensive line. De Burgos Bengoechea is the favorite to referee the Barça-Madrid Cup Final - Mundo Deportivo It is the logical consequence of Soto Grado's appointment for Real Madrid's league match against Alavés. In Dortmund, they believe in "the greatest football miracle" against Barça - Mundo Deportivo The reaction against Bayern, with a draw at the Allianz Arena, encourages Kovac, the players and the German club ahead of the second leg against Barça. Barça Atlètic have life at the expense of Sestao - Mundo Deportivo The reserve team won again at home and closed the gap on the relegation zone after beating a direct rival. They have six 'finals' ahead of them to maintain their status, a feat that is expected to be difficult but not impossible. Advertisement More from
New European
19-03-2025
- Business
- New European
Can the superstadium solve football's looming cash crisis?
In this case, it is the Spanish, who always seem to have a way with words, and this particular Spaniard, an executive with a leading football club, is rather artistically describing the changing face of European football and the rather splendid roofs we are seeing pop up across the continent. The executive said: 'In the past, the local lord or baron would build a castle for defence but also to draw in the community and farmers to create revenue. What we see in football with these modern stadiums today is the same.' Football's sickness is not widely acknowledged, but the infection is undoubtedly widespread. People may instinctively know that the lower levels are a constant financial struggle, but it is among football's elite where the pinch is about to be felt imminently. The paradox of the Premier League is that it is, without doubt, the biggest and most successful football league on the planet (which gets talked about a lot) while its clubs lose nearly a billion pounds a year (which doesn't). A capacity crowd watches El Clásico (Real Madrid v Barcelona) at the Estadio Santiago Bernabéu. Photo: Angel Martinez/Real Madrid/Getty New seating is lowered into position at the Camp Nou in Barcelona, which is undergoing renovation to increase its capacity to 105,000. Photo: Joan Valls/Urbanandsport/NurPhoto/Getty A render of Manchester United's proposed new 100,000-seat stadium designed by Norman Foster. Photo: Manchester United FC Indeed, combine the 20 clubs' financials and the overarching picture is somewhat scary. A league that made £1.5bn profit in the five years from 2013-18 plunged to a £3.2bn loss for the next five years, with no consensus on how to fix it. The bad news is not only that half its constituent members are continuing to fight for the right to spend and lose more money every year, it is that the financial picture is getting even worse. Speak to investors and executives around the league and they would dismiss fears over the sustainability of clubs by pointing to the intense demand for these games and these brands. The evidence for that, they would say, is broadcast revenue. Indeed, for the entire history of the Premier League since its 1992 breakaway, clubs have got away with being run poorly because the money printer – in this case, surging broadcast rights – continued to whir. Every three or four years, the league would sell a vastly increased broadcast rights deal to be distributed among the clubs and plug the financial holes that clubs had created for themselves by overspending on transfers and player wages. Life was good. The Premier League was not alone in this. Constantly borrowing from future earnings by spending indiscriminately on players was in effect the business model of most European football clubs for a decade or more, an age of excess. But now comes the test. Broadcast rights deals for every major league are now flatlining or even declining. La Liga, the Bundesliga and Serie A all suffered single-digit percentage dips on their latest pacts, while the Premier League claimed theirs was flat but they added more games to the package, meaning that in real terms (£ per game) the value decreased. Some smaller leagues have taken far more dramatic hits, with French broadcast revenues almost halving last summer. In the same way that newspaper business models sputtered and failed a decade ago amid digital expansion, the same is happening to broadcasters now but with little in the way of robust alternatives. There are new streamers like DAZN losing £1bn a year as they try to build a viable platform, while the old-school cable and satellite businesses have largely given up on a long-term future and are solely trying to manage their own decline. It makes it a tight, uncompetitive and uninspiring bidding environment when these rights tender processes come up, and the arms race between broadcasters, as seen between BT Sport and Sky Sports in the early 2010s, is something we may never see again. Broadly this means clubs are waking up to new realities in the business of football as we head to the back end of the 2020s: costs must go down, revenues must go up. To achieve that first point, it is increasingly clear that the financial controls we see being instituted by the leagues are going to be necessary – clubs have shown time and again that they simply can't be trusted to self-regulate. Anyone who has followed the hysterical pushback on profitability and sustainability rules (PSR) in the Premier League, or the exploitation of numerous loopholes in those same rules, will know that the clubs of England's top flight have been protesting wildly at the prospect of not being able to spend themselves into a death spiral. While half of Premier League clubs and half of Serie A clubs are now owned by North American investors, the idea of a Major League-inspired salary cap to limit spending is still seen as something that will never happen. The fear of legal action from players' unions and the fractured landscape of football means the leagues face external competition from other leagues as well as internal competition between their clubs. If the Premier League instituted a salary cap, La Liga and the Bundesliga could potentially take advantage by stealing top talent. It is, therefore, a non-starter. Increasingly, though, the amount that teams can spend on salaries, transfer fees, agents' fees and anything related to their squad will be tied to revenues and the amount of money the club can generate. That is only a way of slowing rising costs, though. Increasing revenue is a different beast altogether. For most clubs, their revenue comes in three ways: broadcast, commercial and match day. The mix varies slightly from league to league and club to club, but on average broadcast (53%) trumps commercial (32%) and then matchday (14%) quite significantly in the Premier League. Knowing that you have no control over the broadcast portion, and that commercial is very competitive, there is widespread acknowledgement now that teams need to crank up their matchday revenues or be left behind. 'Tottenham is probably the best example of that,' says Charlie Brooks, head of communications and marketing at leading architectural firm Populous. 'They effectively doubled their entire revenue from the new stadium and made a massive leap in their matchday and non-matchday revenue from the venue. And that's what everyone's looking at.' Spurs' gleaming new stadium is probably Populous's signature achievement. To my mind, the finest stadium in Europe (narrowly beating Munich's Allianz Arena) and a veritable cash machine for a club whose on-field performances mean that revenue can be lumpy at the best of times. Passing £500m in revenues last year, Spurs now eclipse local rivals Arsenal in all three revenue categories and make the fourth- most money in the Premier League. Not bad for a side that sits in the bottom half of the actual league table. While fans of other clubs mocked the planned cheese room with one-way glass that would allow guests to see the players in the tunnel (it never came into existence), the reality is that Tottenham's multiple layers of hospitality have driven huge increases in revenue, while its ability to host concerts year-round, including a hugely profitable five-night run when Beyoncé was on tour – as well as NFL games – further contributes to an impressive picture. 'Clubs are looking at, OK, how do I design a venue that is multi-purpose, whether that's multi-sport or concerts or conferencing or other types of events, so that I can get maximum value from that venue, you know, every day of the year, not just on match days?' adds Brooks. 'And how do I then create different layers of experience in the venue that mean I can maximise revenue on the hospitality side? Clubs are clearly having to look at their general admission and hospitality strategy, but if you go from three or four levels of hospitality to 15 levels of hospitality, you're able to bring a lot more revenue on that side.' Manchester United's proposed 100,000-seat new Old Trafford sounded ambitious when co-owner Sir Jim Ratcliffe said he hoped it would be 'the Wembley of the north'. Now, according to architect Norman Foster, it will be not just a stadium but a 'global destination' and a 'mixed-use mini-city.' According to analysis by Deloitte, more than 300 sport stadium projects (renovations or new builds) are under way globally in 2025. This trend reflects an increased industry-wide focus on diversifying revenue streams and finding revenues beyond football where possible. 'In addition to increasing capacity to service excess demand, clubs are focused on building smarter entertainment destinations that deliver better experiences for players, artists, fans, and the wider community throughout the year,' say Deloitte. If the still-unsponsored Tottenham Hotspur Stadium or Barcelona's Spotify Camp Nou represent the best-case scenario in terms of revenue uplift, others are willing to take half-measures in order to try to bridge the gap without committing to a full rebuild. 'In London you have Fulham, who have built a new stand on the river that is multiple different layers of hospitality and even a private members' club, and you have Crystal Palace, who are hoping to break ground this summer on a huge new stand with a ton of hospitality options,' a commercial executive at one Premier League club tells the New European . 'These are clubs who are trying to build up their commercial and hospitality revenues, taking advantage of their location and the demand for corporate experiences in London.' Everton are about to move into their stunning new stadium at Bramley-Moore Dock this summer while Newcastle are in talks over a full rebuild on Leazes Park. Manchester City are expanding a stadium built only 20 years ago. Arsenal hope to soon follow suit. As much as fans beg for big-money signings, the reality in this new era of squad-cost ratios, profitability and sustainability rules and financial fair play is that teams can no longer spend themselves into debt in the way they used to – though they do still try incredibly hard. These glittering new stadiums rising out of the ground are not just a place to watch football – for many of these clubs, they are the best hope of a sustainable financial future. Ed Malyon is a consultant and investor in the sports industry. He writes FootBiz, a newsletter about the business of football Europe's superstadia Camp Nou Barcelona Rebuild capacity 105,000 Estimated opening date June 2026 'New Trafford' Manchester United Newbuild capacity 100,000 Estimated opening date July 2030 Santiago BernabÉu Real Madrid Rebuild capacity 78,297 Opened January 2025 New Milan Stadium: AC Milan* / Inter Milan* Newbuild capacity 75,500 Estimated opening date July 2030 Allianz Arena Bayern Munich Newbuild capacity 75,024 Opened May 2005 Metropolitano Atlético Madrid Newbuild capacity 70,692 Opened July 2017 Stadio Olimpico Roma?/Lazio Rebuild capacity 70,634 Opened June 2008 Nou Mestalla Valencia Newbuild capacity 70,400 Estimated opening date July 2027 Stade Vélodrome Marseille Rebuild capacity 67,934 Opened June 2014 Leazes Park Newcastle United Newbuild capacity 65,000 Estimated opening date TBC * replacing San Siro, current capacity 80,018 ? Roma are moving to a purpose-built 55,000-seat stadium in 2028
