Easyjet hopes for further profit boost as summer holiday bookings lift sector May 14, 2023 Easyjet is anticipating higher profit when it reports its half year results on Thursday, as the airline looks to benefit from the return of summer holiday bookings and higher ticket prices. The low cost carrier said that it expects to exceed full year profit expectations of £260m, with half year losses forecast to shrink to [...]
Ferrari won’t phase out combustion engines despite EV push May 14, 2023 Ferrari has said that it plans to keep building normal car engines despite regulatory pressure to boost electric car production, arguing it was up to customers to choose whether they buy electric or not. The Italian car manufacturer plans to keep building internal combustion engines (ICEs) well into the 2030s, while also scaling up its [...]
Stansted: London airport reports busiest day of the year as Coronation boosts traffic to 2.4m May 12, 2023 London Stansted saw its busiest month since September as 2.4m passengers passed through over April, up 16 per cent on the previous year, with Coronation guests boosting traffic. The airport also registered its busiest day of the year, seeing 87,000 guests pass through the terminal on Easter Monday. April saw the royal ceremony bolster a [...]
Rail strikes this weekend: All you need to know – how will London be affected? May 12, 2023 Train services are being hit by more strike action this weekend, with London set to be hit by industrial action on routes to major airports and transport hubs. Members of Aslef and the Rail, Maritime and Transport union (RMT) at train operators will walk out in long-running disputes on Friday and Saturday respectively. Further strikes [...]
Rail strikes: Walk out today to cripple services across UK disrupting Eurovision celebrations May 12, 2023 Rail passengers face fresh travel disruption over the next few days because of strikes by train drivers and other workers in long-running disputes over pay. Members of the drivers’ union Aslef will walk out on Friday at more than a dozen train operators, crippling services across the country. Further strikes will be held on May [...]
Heathrow vs airlines – dispute continues as parties given permission to appeal price cap May 11, 2023 Heathrow Airport and three major airlines have been granted permission to appeal the Civil Aviation Authority (CAA)’s decision on the Heathrow price cap this afternoon. The airlines, which are Virgin Atlantic, British Airways and Delta Air Lines, have been locked in a fierce dispute with Heathrow over the amount the airport can charge per passenger. [...]
‘Come take a train journey with me’: Union boss challenges Sunak’s private jet-setting May 11, 2023 TSSA President Marios Alexandrou took aim at Rishi Sunak’s rail policy and private jet-setting this morning, inviting the Prime Minister to “come take a train journey with me” amid continued industrial action. According to Alexandrou, Sunak is “more familiar with the interior of an RAF Chinook than Waterloo in rush hour”. The PM has come [...]
Nissan sees profit rise but anticipates continuation of ‘harsh’ business environment May 11, 2023 Nissan said that it expects 38 per cent rise in operating profits this year, as it continues a strong resurgence from the lows of the global semiconductor shortage and China shutdown. The Japanese automaker beat analysts expectations, raising profit expectations for the coming year to 520bn yen (£3.07bn) on the back of a stronger sales [...]
Rolls-Royce share price slips despite upbeat new CEO update May 11, 2023 British engine maker Rolls-Royce said it performed as expected in the first part of the year, with flying hours recovering, and steps taken by its new CEO to find savings putting it on track to meet 2023 targets. Despite the solid if unspectacular update, shares slipped 2 per cent in early trading. Tufan Erginbilgic, who [...]
Heathrow: London airport lands Coronation boost with 6.4m flyers – and 90 per cent get through security in 10 mins May 11, 2023 Heathrow Airport reported 6.4 million passengers over April, a month which included travellers flocking to the UK for King Charles’ coronation, as well as continued strike action. The West London hub said that there were indications passenger growth may be levelling off after the post-pandemic rebound, with recovery now stable at between 93-95 per cent [...]