Singapore added to travel corridors ‘green’ list September 17, 2020 People from England will now be able to travel to Singapore without needing to quarantine on return in a welcome boost to the travel industry. This afternoon the Department for Transport announced that the city-state would be added to its list of travel corridors, along with Thailand. However, people returning from Slovenia and Guadeloupe will [...]
Shareholders approve Michael O’Leary’s bonus despite revolt September 17, 2020 A third of Ryanair shareholders today revolted against a €458,000 (£417,500) bonus for chief executive Michael O’Leary today at the budget carrier’s annual general meeting. Although the firm’s remuneration report was approved by 65.8 per cent of voters, 34.2 voted against the packages, which had been criticised due to the ongoing financial crisis brought on [...]
Kier Group shares soar as it outperforms pandemic expectations September 17, 2020 Shares in outsourcing group Kier jumped more than 11 per cent today, after the group surpassed analyst expectations in a set of full-year results dented by the coronavirus pandemic. Its adjusted profit before tax fell 72.5 per cent to £16.9m, compared to £61.4m in 2019 after costs related to restructuring and Covid-19. Costs directly related [...]
P&O Cruises cancels all sailings until early next year September 17, 2020 Carnival-owned P&O Cruises today announced that all of its cruises would be cancelled until the new year due to the coronavirus pandemic. In a statement, the group said that all the ferry company’s Caribbean cruises would be scrapped until the end of January, while all sailings to and from Southampton are cancelled throughout February. Shares [...]
Chris Grayling sets sail again with new £100,000 ports advisory role September 17, 2020 Former transport secretary Chris Grayling’s latest endeavour has been revealed – an £100,000 per year role to advise a global port company. The Tory MP will be paid for seven hours of work a week for a year by China-headquartered Hutchison Ports, the MPs’ register of financial interests said. The company operates Harwich, Felixstowe and [...]
Travelling to work hits highest level since Covid began September 17, 2020 The proportion of people travelling to work hit its highest level since the coronavirus lockdown began last week as Britons’ gradual return to offices and workplaces continued. The Office for National Statistics (ONS) said 62 per cent of people travelled to work in the week that ended on 13 September. It was the first time [...]
Trainline ticket sales slump as passenger numbers flatline September 17, 2020 The coronavirus pandemic sent sales at online rail ticketing firm Trainline down to less than a fifth of last year’s take as passenger numbers flatlined in the first half. Although sales have begun to come back as lockdown restrictions were eased, business ticket sales remain mired at just four per cent of last year’s levels. [...]
Alstom reduces offer for Bombardier rail unit by $350m September 16, 2020 French transport giant Alstom has announced that it will buy Canadian firm Bombardier’s rail business for $350m (£270m) less than previously indicated. The two companies signed a sale and purchase agreement today worth $8.4bn, with total proceeds from the deal expected to come in at $6.2bn. Back in August, Bombardier announced unexpected financial and performance [...]
Tui to refund all customers by the end of the month September 16, 2020 Travel giant Tui UK will refund all package holidays cancelled due to the coronavirus by the end of the month, the UK’s competition watchdog announced this morning. The Competition and Markets Authority (CMA) had launched an investigation into the firm after receiving thousands of complaints from customers who had not been refunded. Under consumer protection [...]
Fatal Boeing crashes result of ‘horrific culmination’ of events September 16, 2020 The two Boeing 737 Max crashes which killed 346 passengers last year were the result of a “horrific culmination” of errors at the aerospace giant. A report into the two crashes carried out by the US Congress found that the accidents were caused by a “series of faulty technical assumptions by Boeing’s engineers, a lack [...]