Air passenger demand to grow by two thirds on 2021 levels December 22, 2021 Passenger demand in 2022 is expected to grow by two thirds on 2021, only 15 per cent down on 2019 levels. According to aviation analytics firm Cirium, capacity growth will reach up to 47 per cent and will go back to 2015 levels. “Whilst I knew Cirium’s fleet forecast is more optimistic than what we [...]
Austria introduces tougher restrictions for UK travellers December 22, 2021 After France and Germany, Austria has become the latest EU country to tighten restrictions for those coming from the UK. From Christmas Day, Britain will be classified as a virus variant region, meaning that travellers will need to quarantine for 10 days upon entering the country. People who are fully vaccinated and have received their [...]
Ryanair expects losses to double as Omicron eats into bookings December 22, 2021 Low-cost carrier Ryanair is expecting its losses for the year ending March to double following concerns over the latest Covid variant, Omicron. The company’s shares on the ISE went down today 1.06 per cent to €15.43. The airline said its net losses will range between €250m to €450m, compared with €100-€200m that was previously estimated, [...]
Carbon value of Heathrow third runway increases to £100bn December 22, 2021 The costs of bringing down the carbon impact of Heathrow’s proposed third runway has doubled as a result of the UK Government’s net-zero ambitions. According to research by London think tank New Economics Foundation, the third runway’s carbon value for the 2025-2050 period has gone up from £50bn to £100bn, potentially impacting the expansion plans, [...]
Union Unite calls on government to deliver ‘urgent’ support to aviation December 22, 2021 The union Unite has called on the UK Government to deliver ‘urgent’ support to the aviation industry following Whitehall’s £1bn package for the hospitality sector. Unite has urged Chancellor Rishi Sunak to help the industry weather the uncertainty caused by the Omicron variant, “so that it can rebuild sustainably and with resilience.” “Since this crisis [...]
US car regulators open investigation in 580,000 Teslas over game feature December 22, 2021 US regulator the National Highway Traffic Safety Administration (NHTSA) has launched an investigation into 580,000 Tesla vehicles over a game feature. The NHTSA has said that Tesla 3,S,X,Y models have a “passenger play” feature that “may distract the driver and increase the risk of a crash,” Reuters reported. While the agency’s investigations will cover models [...]
Elon Musk not planning to sell any more shares as Tesla founder hits out at California’s high tax regime December 22, 2021 Tesla’s boss and serial entrepreneur Elon Musk is not planning to sell any more of his Tesla shares, following yesterday’s offloading of 583,611 stock. “I sold enough stock to get to around 10 per cent plus the option exercise stuff and I tried to be extremely literal here,” he said in an interview with satirical [...]
Rail fares to increase by a third by 2030 as travel numbers plunge December 22, 2021 UK rail fares are on track to increase by over a third by 2030. Data from professional services firm GHD has revealed that by the end of the decade, the average ticket price will increase exponentially, from 36 per cent on the Brighton to London route to 50 per cent for travelling between Ipswich and [...]
Mild or not: Omicron variant doubles risk of catching Covid aboard a plane December 22, 2021 As millions of people prepare to fly home for Christmas an industry expert has warned that Omicron doubles the risk of being infected on a plane.
Maersk to buy Hong-Kong LF Logistics for $3.6bn December 22, 2021 Shipping giant Maersk has agreed to buy Hong-Kong logistics company LF Logistics for $3.6bn. The deal, all-cash and one of the biggest ever made in Maersk’s history, will help the Copenhagen-based company expand its reach and capabilities in the Asia Pacific region. “With the acquisition of LF Logistics, we add critical capabilities in Asia Pacific [...]