Jet2’s operating losses go up due to customer anxiety November 18, 2021 UK low-cost carrier Jet2 registered a 53 per cent increase in operating loss as a result of the Covid-19 air travel restrictions and consequent customer anxiety. In its half year results, the airline’s losses went up to £170.4m, compared with £111.2m registered in 2020, while the group’s loss before foreign exchange revaluation and taxation increased [...]
Brits positive about autonomous vehicles’ benefits, BSI reveals November 18, 2021 Brits are confident that self-driving cars will bring many benefits such safety gains, a BSI opinion poll revealed. Out of 1,000 people interviewed, 70 per cent see the benefits of autonomous cars, in particular when it comes to avoiding driver errors and reducing accidents, with people aged between 18 and 24 the most inclined to [...]
Sadiq Khan warns for ‘severe tube and bus disruption’ if govt does not cough up £1.9bn for London transport funding November 18, 2021 Sadiq Khan, the mayor of London, warned this morning that without urgent Government investment London’s bus and tube services could be severely disrupted because of a £1.9 billion funding gap. Sadiq Khan says bus services could be reduced by a fifth and tube services by almost 10% unless the Government steps in with an injection [...]
Government faces backlash over HS2 overhaul November 17, 2021 The government is facing criticism from small businesses and rail unions over plans to overhaul the designs for HS2. Transport Secretary Grant Schapps will tomorrow announce changes to the planned HS2 rail routes between major cities in the North and Midlands as part of the government’s £96bn “Integrated Rail Plan.” The rumoured redesign has drawn [...]
Flybe to return next year, 20 months after collapse November 17, 2021 Failed UK airline Flybe is set to return to operating early next year, choosing Birmingham Airport as its new headquarters. The airline stated the move is expected to created around 200 new jobs in the Birmingham and West Midlands area over the next three years. “It was an ideal choice for us due to its [...]
UK costs of shipping higher than mainland Europe, research reveals November 17, 2021 The cost of shipping to the UK is 24.2 per cent higher compared with mainland Europe, as a result of the supply chain crisis. Research from global trade management firm ManSys has revealed that Europe’s three most expensive ports for a 20-foot container ship are Liverpool, with a £9,112 rate, followed by Southampton and London, [...]
BA and American Airlines to offer business travellers free Covid tests November 17, 2021 British Airways (BA) has announced a collaboration with American Airlines and American Express to provide free Covid tests to business travellers flying between the UK and the US. “Ensuring corporate travellers have access to efficient, accurate testing is one of the key components to ramping up business travel across the trans-Atlantic corridor,” BA’s head of [...]
Decarbonisation is primary driver for transport investment, says DLA Piper November 17, 2021 Decarbonisation has become the primary driver for investment strategy in the transport sector. According to a report by law firm DLA Piper, 79 per cent of respondents from the railway industry believe decarbonisation a primary driver for their organisation’s investment strategy. Numbers go up when considering those working in the aviation and shipping industries, with [...]
CMA to open EV charging competition on motorways November 17, 2021 The UK Competition and Markets Authority (CMA) is set to open up a competition for electric vehicle charging on motorways. Citing the necessity for drivers to have “a greater choice of chargepoints where they need them”, the CMA has set established for competing firms to offer legally-binding assurances, also known as commitments. For its part, [...]
Tesla shares go up following Musk’s latest offloading November 17, 2021 Tesla shares have gone up to $1,063.51 at market opening time after Elon Musk sold a further $973m worth of stocks to pay taxes. According to SEC filings, Musk bought 2.1 million shares worth $2.2bn at yesterday’s closing price of $1,054.73, offloading around 934,000 of his holdings on the same day. Since abiding by a [...]