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      ‘It will reduce jobs’ – Jamie Dimon sounds off on AI’s impact on banks

      Jamie Dimon caution echoes a recent alert from the Bank of England’s Financial Policy Committee (FPC) on Wednesday, which highlighted stretched valuations in AI-focused tech companies.

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Aviation

  • London Stansted records busiest ever July as security now takes under 15 minutes

    August 12, 2024

    London Stansted Airport has recorded its busiest ever July as travel demand booms in the peak summer months. Some 2.9m passengers passed through the hub’s terminal over the period, an increase of 3.4 per cent year-on-year. The figure marks the third busiest month in Stansted’s history and came after a record 53,000 passengers used the [...]

  • Etihad Airways nets £183m as passenger numbers soar

    August 8, 2024

    Some 8.7m passengers flew with the UAE flag carrier over the first half, as it hauled in around £2.5bn in revenue.

  • European airline results make for ‘depressing reading’, says Air Astana boss

    August 5, 2024

    Air Astana on Monday reported record passenger half-year passenger numbers, driven by unexpectedly high demand from China.

  • Will the Rolls-Royce share price continue to defy gravity?

    August 5, 2024

    Rolls-Royce has been the talk of the FTSE 100 over the last year. Will the share price rally ever end? (Yes, but not yet).

  • Senior: Rolls-Royce partner reports dip in profit amid Boeing 737 Max setbacks

    August 5, 2024

    The FTSE 250 aerospace and defence supplier said operating profit and pre-tax profit had fallen, despite booming demand for travel worldwide.

  • Air Astana eyes China routes after record passenger traffic

    August 5, 2024

    Some 4m passengers flew with the London-listed airline over the last six months, up 14.6 per cent year-on-year.

  • Wizz Air passenger numbers dip as engine issues constrain capacity

    August 2, 2024

    Wizz Air has been forced to constrain capacity due to long-running issues with the engines of some of its aircraft.

  • Melrose shares plunge amid supply chain challenges

    August 1, 2024

    The London-listed firm, which owns GKN Aerospace, revised down its revenue guidance to £3.8bn as it grapples supply chain issues.

  • Wizz Air shares nosedive as engine troubles hammer profits

    August 1, 2024

    Operating profit fell from €79.9m to €44.6m, well below analyst expectations of €171m, in a poor set of results for the airline.

  • Wizz Air: We are not the worst airline in the UK (after being voted the worst, again)

    July 31, 2024

    The Hungarian budget carrier has repeatedly come out bottom of the pile of a number of Which? surveys assessing the UK airline industry.

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