Virgin Atlantic CEO in the departure lounge as successor named Transport and infrastructure The chief executive of Virgin Atlantic, which was founded by Sir Richard Branson, is to step down as his successor was named. Shai Weiss is to leave his position at Virgin Atlantic after seven years at the end of 2025. He will be succeeded by Corneel Koster. Koster re-joined Virgin Atlantic in 2019 as a [...]
Boeing defence workers go on strike over pay dispute Business Thousands of Boeing defence workers have gone on strike for the first time in nearly 30 years in a fresh blow to the struggling aircraft company. Members of the International Association of Machinists and Aerospace workers (IAM) working at Boeing defence manufacturing facilities in in Illinois and Missouri voted against the firm’s latest offer over [...]
Wizz Air to pull out of Abu Dhabi and cancels all flights Transport and infrastructure 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, [...]
BA Cityflyer: Profit almost doubles at London City Airport carrier July 11, 2025 Profit almost doubled at BA Cityflyer, the main airline operating from London City Airport, in 2024 despite falling passenger numbers. The business, which is wholly owned by British Airways, has posted a pre-tax profit of £20.3m for its latest financial year, according to new accounts filed with Companies House. The latest total comes after the [...]
Ryanair axes 800 flights due to Middle East conflict July 2, 2025 Ryanair has said it axed more than 800 flights last month due to the conflict in the Middle East, even as monthly passenger traffic edged up. Europe’s largest airline by passenger numbers on Wednesday reported a three per cent year-on-year increase in traffic in June to 19.9m. Wizz Air, another budget airline with high exposure [...]
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 [...]
Tui shares slump as losses widen after quitting London May 14, 2025 Shares in Tui have slumped as losses widened despite a bumper performance from its cruise segment. Underlying operating losses increased by €18m to €207m (£174.3m) even as second quarter revenue rose from nigh-on breakeven to €3.7bn. Shares were trading down around the 11 per cent mark in early deals on Wednesday. The travel operator did [...]
Jet2 shares soar on £250m buyback and higher summer bookings April 29, 2025 Shares in Jet2 soared more than 15 per cent on Tuesday as the leisure travel firm reported healthy profit growth and unveiled a £250m share buyback programme. Group profit before foreign exchange revaluation and taxation is expected to come in at between £565m and £570m, an increase of around nine per cent year-on-year. Jet2 said [...]
Heathrow is the world’s most expensive airport, so why is it so bad? April 23, 2025 Heathrow has yet again to rank in the top 20 in the world’s airport rankings. It’s time for a complete regulatory overhaul to give Londoners the hub they deserve, says Nigel Wicking At an awards ceremony in Madrid, news travelled fast that Heathrow, the UK’s only hub airport, had yet again failed to take a [...]
IAG: Pay for British Airways owner’s CEO takes off after FTSE 100 success March 5, 2025 The chief executive of British Airways owner IAG has received a huge pay rise after its shares surged on the FTSE 100 over the last year. Luis Gallego has been handed a pay packet of £4.6m for the group’s latest financial year, up from the £3.1m he received for 2023. The latest figure also compares [...]