IAG issues profit warning after British Airways strikes September 26, 2019 British Airways owner IAG today slashed its 2019 profit guidance after recent strikes forced it to cancel more than 2,000 flights. International Airlines Group warned that adjusted operating profit will fall €215m (£190m) below last year’s €3.49bn. Read more: Ryanair threatens to remove pilot perks over strikes, says union It estimated that Balpa’s strike action [...]
Uber teams up with the Open University to offer drivers free courses September 26, 2019 Ride-hailing giant Uber has teamed up with the Open University to offer free higher education courses to its drivers. The firm has today launched Uber Pro, a tiered loyalty scheme that gives drivers access to a variety of courses depending on the number of trips they have completed as well as ratings they receive from [...]
Tube drivers vow October disruption over ‘excessive’ track noise September 26, 2019 Tube drivers are set to launch industrial action in October over the noise levels of train tracks, saying they cause “distraction, discomfort, and anxiety” for drivers and passengers. The RMT union said 95 per cent of drivers voted in favour of taking action in a ballot covering the Jubilee, Central, Northern and Victoria Lines. Read [...]
Crossrail: TfL to run Paddington to Reading trains from December September 26, 2019 Transport for London (TfL) will start running services between Paddington and Reading from this December, which will become part of Crossrail when it opens from 2021. TfL Rail will replace GWR as the operator of the services, with four trains per hour at peak time and two at off-peak. Read more: Crossrail shares progress pictures [...]
17,000 more Thomas Cook passengers flown back to UK September 26, 2019 Around 17,000 people were flown home on specially chartered planes yesterday three days after they were left stranded by the failure of Thomas Cook. The Civil Aviation Authority said it managed to bring back 95 per cent of all customers whose Thomas Cook flights were scheduled on the day. It flew 71 different flights. Read [...]
Mind the gap: The daily commute is exacerbating inequality September 26, 2019 Now that summer is over and that holiday feeling has worn off, millions of UK employees are back to the grind of the daily commute. For many of us, it is the least inspiring part of the day, and most organisations do not give a second thought to how their employees make it to their [...]
Car production numbers post rise for the first time in 15 months September 26, 2019 Britain’s crisis-hit car manufacturing industry regained some speed in August, despite the threat of a “hammer blow” no-deal Brexit still looming. Car production rose 3.3 per cent in August to 92,152 units, the first increase in 15 months, according to the Society of Motor Manufacturers and Traders (SMMT). Read more: Car industry investment grinds to [...]
Thomas Cook: UK will try to recoup £100m repatriation bill from companies September 25, 2019 The government will go to credit and debit card companies as well as travel insurers for money in the coming weeks, in a bid to recoup the cost of repatriating tens of thousands of stranded Thomas Cook customers after the firm went bust on Monday. Giving an update in the Commons, transport secretary Grant Schapps [...]
Boris Bus-t: Red bus maker Wrightbus goes into administration, putting 1,300 jobs at risk September 25, 2019 Britain’s embattled manufacturing industry was dealt a fresh blow this morning as Wrightbus entered administration, putting nearly 5,000 jobs at risk. The company, which is famous for building the so-called Boris bus Routemaster model in London, had been suffering from cash flow shortages, and had been looking for a new owner. Read more: Wrightbus in [...]
Thomas Cook: Travel giant ‘collapsed with a £3.1bn balance sheet deficit’ September 25, 2019 Thomas Cook would have run out of cash by early October had it not gone into liquidation on Monday, such was the calamitous state of the travel giant’s finances, according to reports. In a High Court witness statement, now-former chief executive Peter Fankhauser said the firm had a balance sheet deficit of more than £3bn. [...]