TUI swings to first post-pandemic profit with this summer ‘going very well’ despite deadly heatwaves August 9, 2023 Tour operator TUI said it had swung to profitability for the first time since the pandemic on the back of soaring summer travel demand, with underlying pre-tax earnings of €169.4m (£145.28m), up by €196.5m year-on-year. Third quarter group revenues surged 19 per cent on the prior year to €5.3bn (£4.55bn) which the company said was driven [...]
Former Britishvolt boss slams government’s EV strategy as takeover bid stalls August 9, 2023 The government lacks “innovative thinking” and a “joined up industrial strategy” to support the UK’s electric vehicle industry.
New high-tech scanners see City Airport speed ahead on security August 8, 2023 London City Airport has said its new high-tech CT scanners have made the airport even more efficient, with the average time it takes to conduct security checks now just under four minutes.
UK competitiveness as base for big airlines key to unlocking £111bn by 2050, report says August 8, 2023 The UK could benefit to the tune of £111bn and create over 629,000 local jobs by 2050 if it stays competitive as a hub for airlines to be based. Transport consultancy Steer’s report, commissioned by industry body Airlines UK, said propping up British-based carriers boosts local employment and supply chains, whilst financing public services through [...]
Shapps warns fuel retailers he will ‘call out any foot-dragging’ on price transparency August 8, 2023 Energy Secretary Grant Shapps has warned fuel retailers he will “call out any foot-dragging” over the sharing of pump price data. He made the comment as drivers were hit by the largest weekly rise in petrol prices for more than a year. The Competition and Markets Authority (CMA) is planning to launch an interim voluntary [...]
Tesla ‘master of coin’ quits: CFO Zachary Kirkhorn to leave after 13 years August 8, 2023 Tesla chief financial officer Zachary Kirkhorn has announced that he will be departing the company after 13 years with the the electric vehicle and solar panel maker. Mr Kirkhorn, given the Game of Thrones-style title ‘master of coin’ by the company, stepped down on Friday but will remain with Tesla through the end of the year to “support [...]
Virgin Atlantic pilots are tired and overworked, union warns as strike threat looms August 7, 2023 Virgin Atlantic pilots are tired and overworked, according to a survey by the UK’s pilots union, with over three quarters of the airline’s pilots saying they had flown with a tired colleague who was “clearly not fit to fly”. Over 88 per cent of the 900 pilots surveyed by British Airline Pilots’ Association (BALPA) had [...]
Virgin Galactic is set to fly tourists to the stars – but can space tourism become more than a hobby for the super rich? August 7, 2023 Richard Branson’s Virgin Galactic is set to launch its first tourists to space on Thursday this week. The Galactic 02 mission, which follows the successful launch of the companies’ first commercial flight in June, will carry three paying customers – an 80-year old Olympian and a Caribbean mother-daughter duo. Launching from Spaceport America in New [...]
City Airport chief: Post-Brexit London needs us to expand – and fast August 7, 2023 London City Airport’s proposed expansion is “critically important” to keeping the capital ahead of international rivals, its chief executive has argued, as the business travel hub fights with a local council for permission to go ahead with the project. City Airport has been locked in a battle with Newham Council over plans to expand its [...]
Virgin Atlantic pilot strike action up in the air amid fatigue row August 6, 2023 Virgin Atlantic is heading into turbulence pilots are revving up for a potential strike later this year, demanding an end to the pandemic changes that aimed to rescue the airline from bankruptcy. British Airline Pilots’ Association (Balpa), the union representing the pilots, has raised “serious concerns” about pilot fatigue and wellbeing as 96 per cent [...]