Shares in British Airways’ owner up 10 per cent over the last week September 8, 2016 Shares in International Consolidated Airlines (IAG) were up over 3.5 per cent this morning following a positive broker note and its chief exec saying that other airlines were keen to join the group. Deutsche Bank's issued a note this morning indicating a target price of 570p for the group, that owns British Airways, Iberia and Aer Lingus – a 40 [...]
Easyjet boss says Brexit vote had impact on demand September 8, 2016 The boss of budget airline Easyjet said today that Britain's vote to leave the EU in June had a short-term impact on UK consumer demand for holidays after sterling fell against the euro – but appetite for holidays had since normalised. "We took a consumer hit because people think 'oh my God Europe's more expensive', that normalises," Carolyn [...]
Tottenham Court Road station has reopened after being evacuated and closed due to person hit by train September 8, 2016 Tottenham Court Road station has reopened after being evacuated and closed earlier following a passenger incident. A person was hit by a Central Line train at the station, which was evacuated following the incident. https://twitter.com/centralline/status/773806720489586688 Service has now resumed on the line, but there are severe delays. https://twitter.com/centralline/status/773805864687902720 One Twitter user uploaded a [...]
Adam Smith Institute says selling off half of Network Rail could raise £8bn September 8, 2016 Network Rail should be broken up and sold-off in order to get Britain’s ailing infrastructure back on track and ease the burden on the taxpayer, a high profile think tank said today. The Adam Smith Institute (ASI) predicted that £8bn could be raised for the public purse from the sale of what it referred to [...]
Don’t make Southern Rail a scapegoat for the ideological war between Whitehall and the trade unions September 8, 2016 Southern Rail is raking in tens of millions of pounds in profit from its disastrous management of a crucial commuter line while careering head first into a row with unions and nabbing a £20m taxpayer bailout due to the ensuing problems – at least if you believe the company’s critics. The reality of the situation [...]
Southern Rail in breach of franchise agreement says London Assembly September 7, 2016 The London Assembly today urged the government to strip Govia Thameslink of its Southern Rail franchise and claimed that it is in breach of its contract. A motion was passed to put pressure on government to reconsider its decision to not strip Govia Thameslink of the stricken franchise. "With Southern passengers having faced months of delayed and [...]
Bosch accused of concealing VW use of ‘defeat device’ software September 7, 2016 Auto supplier Bosch has been accused of hiding the use of Volkswagen's secret "defeat devices" which it helped design. It comes after earlier claims VW car owners that Bosch was a "knowing and active participant" in the carmaker's decade-long scheme to evade US anti-pollution laws. Read more: VW's European market share has fallen again According to a [...]
Black Lives Matter protest at London City Airport was absurd, the expansion of the travel hub will create jobs for the capital’s poorest September 7, 2016 Your holiday may be over but there are still plenty of people keen to jet off from London City Airport. Sixty-three per cent of passengers travel on business – a higher proportion than any other UK airport. Indeed, according to the airport's own figures nearly two thirds of those passing through their doors work in [...]
The big business class-only problem: Why high-end services like La Compagnie don’t take off in Britain September 7, 2016 Sir Richard Branson’s trademark “devil may care” attitude is evident when he talks about founding Virgin Atlantic. He has said: “In the ’80s my gut feeling was that airlines were crap. I hated spending time on planes. I thought we could create the kind of airline I’d like. So we got a secondhand 747 and [...]
Easyjet’s share price edges up 1.5 per cent after announcing it flew 7.5m passengers during August September 6, 2016 Easyjet’s planes were fuller in August although experts say it is a trend that may stall in the future. Load factors nudged up from 94.4 per cent to 94.9 per cent in 2016 compared to the previous year. Meanwhile the total number of passengers flying with the Luton-based carrier beat expectations – growing by 6.4 per cent [...]