Ryanair aims to ‘wipe the floor’ with European airlines in push to double passenger numbers May 21, 2023 Ryanair chief executive Michael O’Leary says the company will steal market share from European rivals to propel growth, aiming to double passenger numbers to 300m per year within a decade. Speaking to the Financial Times, O’Leary said: “I think the thesis that there’s no more growth in Europe, [and that] Europe is completely tapped out, [...]
Stansted: London airport reports busiest day of the year as Coronation boosts traffic to 2.4m May 12, 2023 London Stansted saw its busiest month since September as 2.4m passengers passed through over April, up 16 per cent on the previous year, with Coronation guests boosting traffic. The airport also registered its busiest day of the year, seeing 87,000 guests pass through the terminal on Easter Monday. April saw the royal ceremony bolster a [...]
Jet2 having a ‘Goldilocks’ moment as travel group hikes its profit expectations April 20, 2023 Leisure travel company Jet2 has raised its profit expectations to between £387m and £392m this morning, for the year ending 31 March 2023. The company has reported sale seat capacity for Summer 2023 as 7.2 per cent higher than the previous year, at 15.26 million. Forward bookings remain encouraging, with package holiday customers representing just [...]
Royal fever? Not quite, as Brits opt for Lanzarote over London to celebrate coronation weekend April 13, 2023 It would appear Brits are keen to escape the coronation weekend with holiday bookings surging over the bank holiday weekend, according to travel groups. Barrhead Travel reported that bookings are over 55 per cent higher for the King’s coronation bank holiday than in the same period in 2019, with Tenerife, Costa Blanca, Florida, and Canada [...]
London Heathrow reports busiest day since Covid with 6.2m jetting off for Easter despite strikes April 11, 2023 London’s Heathrow Airport reported over 6.2m passengers travelled through Britain’s biggest airport in March, a rise of more than a million since February. The West London hub also recorded its busiest day since 2019, with 221,606 flying through on 31 March, despite it being the first day of Unite’s industrial action. The five-week walk-out by [...]
Two million Brits set to travel abroad this Easter April 7, 2023 An estimated two million British holidaymakers are heading overseas during the Easter bank holiday weekend. Travel trade organisation Abta, which calculated the figure, said there is strong demand for trips to mainland Spain, the Canary and Balearic Islands, the Algarve, Madeira, Cyprus, Croatia, Italy, Greece and southern Turkey. Figures from aviation analytics company Cirium show [...]
Inside the £10,000 BVI retreat teaching ethical capitalism March 27, 2023 There are certain moments in life that you will always remember. For me, one of these is paddling out to sea at night in a transparent, glow-in-the-dark kayak, while looking up at the stars off the shores of a private BVI island. Back on land, a banquet was taking place on the beach – everyone [...]
Airports and power stations to be hit hardest by business rates changes March 27, 2023 Airports, power stations and business headquarters are set to be hit hardest by property tax changes when new valuations come into force next week, according to research. Revenues from business rates – the property tax on commercial buildings – are expected to rise by £1.4 billion, or 4.9 per cent , to £29.9 billion when [...]
Tui: Share price crashes 9.4 per cent over travel giant’s plan to raise £1.6bn for Covid loan repayment March 24, 2023 Shares in Tui today plummeted by more than 9.4 per cent after the travel company announced plans to raise €1.8bn (£1.6bn) to repay loans given to it by the German government during Covid-19. Tui, the world’s largest travel company, today set out plans to sell 328,910,448 new shares, at a 29.85 per cent discount of [...]
37 per cent of flights delayed last year – but London’s Heathrow, Gatwick and Luton airports not worst offenders March 22, 2023 More than a third of flights to and from UK airports last year were delayed, new figures show. The Civil Aviation Authority (CAA) said an “unacceptable” 37 per cent of flights were at least 15 minutes late in 2022. That is up from 17 per cent in both of the preceding two years and 25 [...]