Easyjet shares grounded after revealing £560m hit from Iran war Aviation Easyjet expects to make a whopping loss in the first half of the financial year after the war in the Middle East led to major disruptions across operations. The budget airline said on Thursday it is forecasting a loss before tax of between £540m and £560m as the industry battles against rising costs. Shares in [...]
Rolls-Royce: FTSE 100 giant’s shares tumble amid market storm Aviation Shares in City heavyweight Rolls-Royce sank on Friday morning as the firm got wrapped up in the market storm triggered by the ongoing conflict in the Middle East. The FTSE 100 giant’s stock slumped nearly three per cent in mid-morning trading, sending its price crashing to 2026 low of 1,116.77p. Over the last month, the [...]
Heathrow closure cost British Airways owner £40m Aviation The closure of Heathrow airport in March had a “severe impact” on the owner of British Airways and cost the group tens of millions of pounds in lost profit. International Airlines Group (IAG), which also owns the likes of Spanish carrier Vueling and Ireland’s Aer Lingus, said the blaze that brought operations at London’s flagship [...]
British Airways bets on AI to shake off delays May 13, 2025 British Airways has revealed that a major push into artificial intelligence has started to pay off. The UK flag carrier reports an improvement in punctuality after years of cancellations, IT meltdowns, and operational chaos. Chief executive Sean Doyle described the new AI systems as ‘game changing’, claiming they have helped reduce delays and cancellations that [...]