Ryanair’s profits skyrocket to eye-watering £184.9m as low-cost airline cashes in on strong dollar and Asian tourists January 30, 2023 Ryanair has posted its largest third quarter profit after tax for the winter quarter as a boom in demand helped it soar past pre-Covid levels. In the three months ending 31 December, the Dublin-based carrier reported a pre-tax profit of €211m (£184.9m), up from last year’s loss of €96m. This was also up on the [...]
Three things we learnt from Easyjet and Wizz Air’s results January 29, 2023 The European aviation industry took centre stage last week, with low-cost carriers Easyjet and Wizz Air posting their financial results for the final three months of last year. Both were encouraging, with each firm reporting revenue rises driven by Brits returning to the skies after pandemic travel restrictions. Easyjet’s income jumped to £1.5bn after traveller [...]
RAC accuses forecourts of ripping off motorists with higher fuel prices despite slump in wholesale costs January 28, 2023 One of the UK’s largest motorist organisations has accused forecourts of profiteering from fuel prices by failing to pass on a fall in wholesale costs. The RAC said costs at the pump were still much higher than wholesale costs which have fallen in the last few months. Data published today by the RAC showed that [...]
Transpennine: Sunak threatens to strip train operator of contract following its spat with Aslef on overtime ban January 27, 2023 Prime Minister Rishi Sunak warned train operator Transpennine Express (TPE) it may lose a lucrative government contract, while the firm blamed the Aslef union for its ban on overtime working. The FirstGroup-owned company is caught up in a spat with the government after the PM threatened to pull its contract, because it was offering an [...]
Hunt: ‘No conceivable circumstances’ where HS2 does NOT reach Euston – as £1bn spend on its station is breached January 27, 2023 HS2 Ltd’s work at Euston started six years ago with more than £1 billion already spent, as chancellor Jeremy Hunt said it’s not “conceivable” it won’t reach London. Chancellor Jeremy Hunt said he did not see “any conceivable circumstances” in which HS2 would not run to its planned central London terminus at Euston, amid reports [...]
On the Beach sees 68 per cent post-pandemic booking uptick ahead of AGM January 27, 2023 On the Beach said bookings had “materially increased” rising 68 per cent year-on-year during the financial year ending December. The holiday firm said its financial year had started with a “healthier overall forward book,” and that the value of holidays sold between October and December had exceeded the previous year’s levels. “It’s been pleasing to [...]
HS2: Delayed AGAIN or scrapped for good? Govt refuses to say if expensive project will ever terminate at London Euston January 27, 2023 The Government has refused to confirm that HS2 will reach its central London terminus at Euston following reports that it may be delayed or scrapped. The Sun said soaring inflation means that the high speed rail project may not run to Euston until 2038 – or be scrapped completely, with trains instead stopping at a [...]
Khan to ‘digest’ findings of LandSec report warning London could be ‘unliveable’ in 10 years due to climate inaction January 26, 2023 British property investment trust Land Securities (LandSec) has warned cities could become “unliveable” in within 10 years without urgent planning reform to meet net zero goals. Research published this morning urges reform to prevent the UK’s cities suffering from the impact of climate change and external shocks, such as international conflicts like the war in [...]
London bus strikes suspended today: But which routes will be affected next week? January 26, 2023 London bus strikes have been suspended at the last minute, restoring public transport to around 70 routes around south and west London. The strikes affecting Abellio services in the city were planned to last from the 25 January to 26 January, with full service returning by 6am on the 27 January. It would have been [...]
‘Intelligence received’ suggesting airports breaking competition law – regulator January 26, 2023 UK airports could be breaking competition law, according to information received by a regulator. The Competition and Markets Authority (CMA) has written to airport operators warning of “serious consequences” for illegal information sharing. The letter, produced jointly with the Civil Aviation Authority (CAA), stated: “The CMA has recently received intelligence to suggest that some UK [...]