NetJets: Losses spike at Warren Buffett’s private jet company Transport and infrastructure Losses at the UK arm of NetJets, the private jet company owned by Warren Buffett’s Berkshire Hathaway more than doubled during its latest financial year, it has been revealed. The division has posted a pre-tax loss of $11.2m (£8.4m) for 2024, new accounts filed with Companies House show. The total comes after NetJets UK also [...]
The government must green light Heathrow’s plan for expansion Opinion A third runway at Heathrow will be a shot in the arm for growth, and it’s clear that the airport’s own, shovel-ready plan is the only viable one around, says John Dickie With party conference season wrapping up, all eyes are now turning towards the Autumn Budget and how the government can turn its growth [...]
London Luton Airport: Profit more than doubles ahead of expansion Transport and infrastructure Profit at London Luton Airport more than doubled in 2024 ahead of major expansion plans being signed off by the government. The airport has posted a pre-tax profit of £89.8m for its latest financial year, new accounts filed with Companies House show. The total is up significantly from the £39.9m pre-tax profit London Luton Airport [...]
Gatwick profit jumps after boost to passenger numbers August 14, 2025 Gatwick airport has reported a double-digit rise in profit in the first half of 2025, driven by a boost to passenger and aircraft traffic volume. Total revenue reached £491.4m in the first half of the year, up 0.7 per cent from 2024. Adjusted revenue – accounting for two “large one-off elements” which occurred last year [...]
Swissport creates 900 UK jobs as profit almost quadruples August 5, 2025 Swissport created 900 UK jobs as its profit almost quadrupled during its latest financial year, it has been revealed. The Cheshire-headquartered UK arm of the aviation services giant has posted a pre-tax profit of £39.8m for 2024, up from the £10.5m it achieved in the prior 12 months. That previous figure was the first time [...]
Airline hails spike in premium bookings to the UK August 4, 2025 Airline Emirates has recorded a surge in bookings from affluent visitors to the UK, which it claimed is “driving forward economic growth” in the country.
Sell-out Farnborough International Airshow boosted by Airbus and Boeing deals July 29, 2025 Finances at the company behind the Farnborough International Airshow took off after the bi-annual show saw deals worth more £81bn agreed, it has been revealed. The accounts for Farnborough International, which runs the airshow as well as an exhibition and conference centre alongside two film studios, show the business achieved a turnover of £52.3m in [...]
Flexjet: Private jet giant valued at $4bn after mega funding round July 21, 2025 Flexjet, the world’s second-largest private jet company, has been valued at around $4bn (£2.9bn) after securing $800m in new funding. The US firm’s latest funding round has been led by private equity giant L Catterton – which itself is backed by luxury group LVMH. Other backers of the round include KSL Capital Partners and J. [...]
Wizz Air to pull out of Abu Dhabi and cancels all flights July 14, 2025 Wizz Air has revealed plans to pull out of Abu Dhabi and cancel all flights from the start of September. The London-listed carrier added it intends to exit its joint venture and will “focus on its core markets” in the future. Wizz Air said the move follows a “comprehensive reassessment of market dynamics, operational challenges, [...]
Wizz Air CEO gets huge bonus despite tumbling shares and profit June 25, 2025 The chief executive of Wizz Air saw his pay take off despite the airline’s profit tumbling during its latest financial year. Jozsef Varadi took home a pay packet of €3.8m (£3.2m) for the Hungarian low-cost airline’s year to 31 March, 2025, according to its annual report. The CEO’s remuneration was boosted from the €1.3m he [...]