Jet2 braces itself for bumper loss as holiday giant crashes £383m into the red April 8, 2022 Holiday giant Jet2 has said the relaxation of UK travel restrictions led to a significant increase in bookings in February and March, although the firm still expects a bumper loss for the past year. The company said bookings for the period approached “seasonal norms as customer confidence in travelling internationally rallied”. The West Yorkshire-based travel [...]
TfL makes less money from ultra-low emission zone than expected April 8, 2022 Transport for London (TfL) has reportedly made little money from the ultra-low emissions zone (ULEZ) since its October expansion. According to a performance report, TfL made only £16m from ULEZ’s expansion to cover the North and South Circular Roads, as polluting vehicles are charged a daily £12.50. To cut pollution and congestion, London mayor Sadiq [...]
More weekend chaos expected as shortages, cancellations and IT issues rampage through April 8, 2022 UK travellers are bracing for more weekend chaos as the industry continues to be hit by a fatal combination of staff shortages, cancellations and IT issues. Brits remain stuck in hour-long queues at major hubs such as Gatwick and Manchester as British Airways and EasyJet slashed another 100 planes as a result of widespread Covid [...]
Tesla boss Elon Musk builds largest and ‘most advanced car factory’ on Earth April 8, 2022 Tesla boss Elon Musk claims to have built the largest factory in the world by volume, at its grand opening last night. The billionaire tech entrepreneur’s Giga Texas Tesla factory, 338m cubic feet in volume, is also hoped to be the biggest battery cell facility in the world “over time”. Speaking at the Cyber Rodeo [...]
P&O’s owner DP World loses partner status at Solent freeport April 8, 2022 P&O Ferries’ owner DP World has lost its partner status in the Solent freeport project, ministers said. “On 28 March 2022 DP World resigned from the Solent freeport board and are no longer a partner in the freeport consortium,” levelling up minister Stephen Greenhalgh told the Guardian. DP World’s commercial director Aart Hille Ris Lambers [...]
Coastguard reinspects detained P&O ferry as operator sets to restart April 7, 2022 The Maritime and Coastguard Agency (MCA) said today it was reinspecting a P&O Ferry detained in Northern Ireland after it was deemed “unfit to sail.” According to the MCA, the reinspection was taking place at P&O’s request. “All inspections have to satisfy the Maritime and Coastguard Agency that the ferries fulfil the requirement of the [...]
Global aviation to recover by mid-2023 despite uncertainty of Ukraine war April 7, 2022 Global aviation is expected to go back to 2019 levels by August 2023 despite the uncertainty caused by Russia’s invasion of Ukraine. According to aviation analytics firm Cirium, traffic at the end of the year will be between 10 and 15 per cent down on pre-pandemic levels, but a steady recovery is expected to continue [...]
Britain will become a ‘wholly owned subsidiary of China’ if sale of Newport microchip giant is approved, govt is warned April 7, 2022 If businesses like Newport Wafer Fab are sold to companies linked to the Chinese government, Britain will simply become a “wholly owned subsidiary” of China, ministers were warned today. Lord Alton of Liverpool called on ministers to reveal whether the Government had any contracts with Newport Wafer Fab, which manufacturers microchips, and whether the Government [...]
Aircraft lessors see ‘horrendous’ hike in insurance costs April 7, 2022 Lessors are already seeing a “horrendous” hike in insurance costs as the Kremlin’s retaliation against Western sanctions start to bite, said BOC Aviation’s boss Robert Martin. “Because there are going to be huge claims on these insurances this year for confiscation or theft if the aircraft aren’t given back, this will then have a knock [...]
Cazoo reports record year as company not impacted by inflationary pressures April 7, 2022 Ongoing inflationary pressures will not impact online car retailer Cazoo, its chief executive Alex Chesterman said yesterday. “Used cars have historically [pushed] in a recessionary environment, while new cars tend to be much more affected,” Chesterman told analysts during a call. “[New cars] are a luxury purchase whereas used cars are functional.” The company said [...]