Loveholidays: How CEO Donat Rétif tripled profit by ‘democratising’ travel August 2, 2024 Donat Rétif has only been the CEO of Loveholidays since 2019, but under his leadership the vacation marketplace has experienced explosive growth across all major metrics, doubling its revenue, tripling its pre-tax profit and quadrupling its workforce.
Expedia: Profit more than doubles as UK sales surge as travel demand returns July 24, 2024 The UK arm of Expedia saw its profit more than double as its turnover surged by almost £60m during 2023, it has been revealed.
Build, Baby, Build: Heathrow needs a third runway July 24, 2024 London’s lack of air capacity is an international embarrassment. A can-do Labour government should push through where the Tories failed and build a third runaway at Heathrow, says James Price As I downed a peculiar American concoction that promised to help me sleep (no, not Jack Daniel’s) for an overnight flight back to Blighty recently, [...]
Rolls-Royce signs £232m private jets deal July 23, 2024 Rolls-Royce has signed a deal with American private jet carrier JSX worth $300m (£232m) over ten years.
Virgin Atlantic buys seven new planes from ‘main dance partner’ Airbus as it targets return to profit July 23, 2024 Virgin Atlantic has ordered seven new plans as it looks to complete its multibillion-dollar fleet transformation and return to the black.
Ryanair: Michael O’Leary says summer fares will be ‘materially lower’ as profit falls July 22, 2024 Chief executive Michael O'Leary warned shareholders that fares in the upcoming quarter would be "materially lower than last summer."
Delays at Heathrow, Stansted and Gatwick airports as global IT outage grounds over 4,000 flights July 19, 2024 A global IT outage has wreaked havoc on air travel and caused the cancellation of over 1,000 flights worldwide on Friday - with the number expected to climb as the day progresses.
Why airport expansions fuelled by booming travel demand could be a double-edged sword July 15, 2024 In a report, the ratings agency Moody's said rising passenger numbers would drive "significant investment" in expansion projects.
Passenger numbers take off at owner of Manchester, London Stansted and East Midlands airports July 11, 2024 The group which owns Manchester, London Stansted and East Midlands airports has seen passenger surge over the last year amid booming demand for travel.
London City Airport granted five-year ban for Just Stop Oil July 11, 2024 The injunction comes in response to Just Stop Oil's plans to cause disruption during one of the busiest summers in decades.