London coronavirus outbreak: Tube travel plunges 70 per cent March 20, 2020 The number of Londoners taking the Tube has plummeted 70 per cent amid the coronavirus outbreak, Transport for London (TfL) confirmed today. The number of London Underground commuters will fall even further as people are urged not to take public transport, TfL also warned. Bus journeys have fallen 40 per cent too, London’s transport body [...]
Coronavirus: British Airways pilots to take 50 per cent pay cut March 20, 2020 British Airways pilots will take a 50 per cent pay cut in April and May as it battles to survive the impact of the coronavirus outbreak. BA’s 4,500 pilots will take two weeks of unpaid leave each month but the reduction to their wages will be spread over the next three months, according to Sky [...]
Uber shares surge by almost 40 per cent after torrid week March 19, 2020 Uber’s stock price has surged by nearly 40 per cent today, after its chief executive said the company would have billions in cash at the end of the year even in the worst case scenarios. Dara Khosrowshahi told analysts today that the ride-sharing app would have $4bn in cash at the end of 2020, and [...]
Coronavirus: Easyjet and Lufthansa bosses warn that industry will need state aid March 19, 2020 Easyjet chief executive Johan Lundgren has warned that he expects to see “a lot of failures” in the global aviation industry due to the damage done by the coronavirus outbreak. Speaking to the BBC, Lundgren said: “I have been working in the industry for 30 years and I have never seen anything like this.” “If [...]
TfL commissioner Mike Brown to stay on during coronavirus pandemic March 19, 2020 Transport for London’s (TfL) commissioner Mike Brown will put off his plans to resign and will stay on during the coronavirus crisis. Brown, who was due to quit in May, sent an email to TfL staff today to say he would stay on to “help lead us through the coming months”. “It has been a [...]
Coronavirus: ‘Zero prospect’ of ban on travel in and out of London, says Downing Street March 19, 2020 Downing Street has said there is “zero prospect” of a ban on travel in and out of London, as part of efforts to slow the spread of coronavirus. This morning Transport for London confirmed it was shutting 40 Tube stations. It will also stop Night Tube operations and close the Waterloo & City Line from [...]
Thomas Cook: Taxpayers will pay for next tour firm collapse, says watchdog March 19, 2020 The collapse of Thomas Cook has left the government’s tourism industry fund severely depleted, meaning taxpayers would have to foot the bill if another tour operator falls into insolvency. Thomas Cook’s shock insolvency and the subsequent repatriation of thousands of customers cost the government at least £156m, according to the National Audit Office (NAO). The [...]
Coronavirus: National Express slashes costs as passenger numbers slide March 19, 2020 National Express will cut costs and stop all acquisition and capital expenditure programmes as coronavirus travel restrictions severely hurt passenger numbers. Among other measures, executives across the group will take a pay deferral for the duration of the coronavirus outbreak. National Express is particularly exposed to the recent travel restrictions imposed in Spain and Morocco. [...]
TfL to shut 40 Tube stations as Londoners told ‘don’t travel’ over coronavirus March 19, 2020 As many as 40 Tube stations are set to close today as London attempts to curb the spread of coronavirus across the capital. Transport for London (TfL) announced the partial shutdown of the Tube late last night, warning passengers it will come into effect from this morning. “Up to 40 London Underground stations that do [...]
IAG boss Willie Walsh to take pay cut amid coronavirus strife March 18, 2020 British Airways owner IAG’s boss Willie Walsh, who earlier this week deferred his retirement to guide the airline group through the coronavirus crisis, has volunteered take a 20 per cent pay cut. Walsh’s decision, which was first reported by Sky News, makes him the latest in a series of prominent airline executives such as Virgin [...]