Airline industry looks for assurances from government over Open Skies agreement in wake of Brexit turbulence November 13, 2016 Around 20 representatives from the aviation industry will sit down with the government tomorrow to air their concerns and discuss opportunities post-Brexit vote. In a meeting with the Department for Exiting the European Union (DExEU), they will stress the importance of a deal with Brussels, as many jitters remain as to what a post-EU Britain will look [...]
EasyJet set for low-flying results as sterling slump post-Brexit packs a punch November 13, 2016 Another week, another airline braced for its results to take a hit thanks to the summer slump in sterling. EasyJet's due to unveil its full-year results on Tuesday and investors are expecting a sharp drop in profits after the fall in value of the pound and terrorist attacks at some of its key holiday destinations. The [...]
Jaguar Land Rover gears up for the launch of its first electric car November 13, 2016 Jaguar Land Rover (JLR) is gearing up for a charge on the electric car market. Britain's biggest car manufacturer is planning to reveal its first electric car, after recently unveiling an Autodrive project with Ford and Tata Motors to test connected and automated cars in the UK. The new vehicle is expected to be in the [...]
Tube ticket offices won’t be reopened, says chair of the London Assembly Transport Committee November 9, 2016 London Underground ticket offices are unlikely to be reopened, according to the chair of the London Assembly Transport Committee. A review by independent watchdog TravelWatch has been underway to assess the impact of closures on passengers, particularly disabled users, after it was commissioned by Sadiq Khan in September. It’s due by the end of the year. “Whether [...]
Wizz Air bats away Brexit turbulence with record first half profit after halving its plans for UK growth November 9, 2016 The largest central and eastern European low-cost airline, Wizz Air Holdings, has committed its future to the UK market despite Brexit, as it stuck to full-year profit forecast. The figures Profit for the half was a record €253.3m – up 39.1 per cent on last year, while underlying profit after tax was €231.6 million (a year-on-year increase [...]
Flybe profits tumble after share price nosedived to an all-time low this week November 9, 2016 Half-year results for Flybe showed a slump in profits as it feels the effects of a falling pound, but chairman Simon Laffin is doing his best to find the positives. The figures There was a 12.8 per cent rise in group revenue to £383m thanks to higher passenger volumes in Flybe UK and increased revenue in [...]
Night Tube passenger numbers are 50 per cent higher than forecast November 9, 2016 Transport for London (TfL) thought the Night Tube would be popular; it didn't realise quite how popular. At a meeting of the London Assembly Transport Committee to discuss progress of the services, London Underground's managing director Mark Wild said that at the moment, passenger numbers were 50 per cent higher than forecast on the Night [...]
National Audit Office blasts DfT and Network Rail over Great Western railway project as costs have surged £2.1bn since 2013 November 9, 2016 The National Audit Office (NAO) has lambasted Great Western railway as "a case study in how not to manage a major programme" in a report into the project. The cost of modernising the railway is currently estimated at £5.58bn – an increase of £2.1bn since 2013, and there are delays to the electrification of the route [...]
Gatwick Airport and Cathay Pacific subsidise flights for British small business trade mission to China November 9, 2016 Gatwick Airport is subsidising a new trade mission to China, along with its newest airline Hong Kong carrier Cathay Pacific. 25 British fledgling brands are off to Hong Kong today for a week-long trade mission organised by Enterprise Nation, and their flights are being subsidised by by Gatwick and Cathay Pacific. It comes as new figures show more [...]
A Southern train without a guard travelled with its doors open yesterday (but not very far) November 8, 2016 A Southern train on the way from Tattenham Corner to London Bridge travelled for a brief period with its doors open yesterday. The DfT said it was aware of the incident; the Rail Accident Investigation Branch said the incident happened on the 0554 service and was reported by operator Govia Thameslink Railway (GTR). The driver-only operated (DOO) [...]