Car crash: Uber shows record loss in new results August 8, 2019 Uber disappointed investors yesterday as the ride-hailing app showed its biggest-ever loss, and slowest revenue growth. Second-quarter net loss hit $5.2bn (£4.3bn), widening from $878m, as the company paid up $3.9bn for its May listing. Read more: Lyft off: Ride-hailing app makes inroads as it beats expectations Finance chief Nelson Chai said the company had [...]
Rush hour nightmare: Severe delays hit four Tube lines amid Euston station shutdown August 8, 2019 Severe delays have hit several London Undeground lines this evening after a person was spotted on the track earlier today. Delays struck the Circle, Hammersmith and City, Jubilee and Metropolitan lines, Transport for London has said. Read more: Travel chaos strikes at Euston station Authorities said a trespasser had been on the tracks. Delays were [...]
Travel chaos strikes at Euston station August 8, 2019 Thousands of passengers have been stranded at Euston this afternoon as a signal failure caused severe delays on all lines out of the station. Train operators were trying to find replacement buses to get their passengers out of the station, National Rail said. The signal failures hit earlier this afternoon, with National Rail saying it [...]
TfL suspends online Oyster system following breach August 8, 2019 Transport for London (TfL) has temporarily suspended access to customers’ Oyster and contactless online accounts after over 1,000 customers had their details accessed maliciously. Approximately 1,200 accounts have been accessed maliciously, forcing TfL to shut online accounts to protect customers’ data. Read more: TfL revises junk food ad ban after rules spark confusion No customer [...]
Britain reaches deal to stay in Interrail scheme following row August 8, 2019 Britain will keep its membership of the European Interrail scheme following a row in which the UK rail body claims it was pushed out. The Rail Delivery Group (RDG), which represents UK train operators, said it had reached an agreement with Eurail, the company that runs the scheme that allows travel across Europe with a [...]
British Airways warns customers of ‘knock-on’ disruption after IT glitch August 8, 2019 British Airways has warned customers there may be some “knock-on” disruption after an IT glitch caused chaos at London airports yesterday. BA said it planned to run a normal schedule but that passengers should check their flight status on its website for updates. Read more: British Airways IT outage forces airline to cancel flights Passengers [...]
Lyft off: Ride-hailing app makes inroads as it beats expectations August 7, 2019 Uber rival Lyft came in ahead of analyst estimates yesterday, and predicted lower losses for the year. Second-quarter revenue hit a record $867.3m (£714.4m), a 72 per cent increase on the same period last year. Read more: Lyft shares tumble after tough week of trading Meanwhile, the ride-hailing company’s net loss hit $644.2m, up significantly [...]
British Airways’ IT glitch rounds off a terrible week for the airline August 7, 2019 British Airways has tonight fixed the IT glitch that led to hundreds of cancelled flights earlier today, but industry experts say the damage to its reputation has already been done. About 117 flights were cancelled at Heathrow and 10 at Gatwick, with hundreds more delayed, leading to frustrated and stranded passengers. Read more: British Airways [...]
Travellers brace for chaos as Ryanair pilots vote to strike August 7, 2019 Airline woes are set to be compounded later this month as Ryanair pilots become the latest to go out on strike over pensions and a host of other issues. Pilots’ union Balpa said this evening it was taking its pilots out on strike on 22 August and 2-3 September. Read more: Heathrow and Unite locked [...]
Rail firms could seek costs after government scraps franchise bidding August 7, 2019 Two train firms could seek to recover costs from the government after it scrapped the bidding process for one of the UK’s largest rail franchises. The Department for Transport (DfT) insists there is no recourse for the rail firms as they enter into the bidding process at their own risk. Read more: Scrapped: Government cancels [...]