Regulator calls for air traffic control reform after Gatwick and Heathrow meltdown November 14, 2024 A report following the disastrous NATS air traffic control meltdown last year, has issued a series of recommendations, including possible legislation to prevent it reoccurring. The Civil Aviation Authority released its long-awaited review of the events of 28 August last year, which saw untold chaos with hundreds of thousands of Bank Holiday getaways ruined. Prepared [...]
Ryanair profit tumbles as prices fall and Boeing delivery delays hit capacity November 4, 2024 Ryanair’s half-year profit has fallen 18 per cent amid a dip in the average price of its ticket fares and ongoing Boeing delivery delays. The budget airline reported a post-tax profit of €1.79bn (£1.5bn), even as passenger demand reached a record 115m, up nine per cent year-on-year. Revenue increased one per cent to €8.58bn. However, [...]
Ryanair to cancel one in ten UK flights in 2025 after Budget tax hike November 1, 2024 Ryanair has revealed plans to cut flights to and from UK airports by 10 per cent in 2025. The low-cost airline has said it is making the move after Labour’s decision to increase the tax on airline tickets in the autumn Budget. Criticising the spending statement, Ryanair’s CEO Michael O’Leary said it has “damaged” UK [...]
Wizz Air, Easyjet and IAG: Short sellers circle London-listed airlines October 14, 2024 Five short sellers have taken out positions against the three major airlines that hold listings on London's FTSE 100 and FTSE 250 indexes.
London Heathrow Airport: Record run continues as September traffic booms October 11, 2024 Heathrow's bullish performance comes as the West-London hub mulls whether to pursue its long-delayed expansion plans.
Socialists won’t stop my bumper bonus, says Wizz Air boss October 3, 2024 Varadi is blunt at times and tough to decipher, but his backstory is undeniably impressive. The 59-year-old speaks to City AM in Rome.
Short sellers circle Wizz Air amid share price struggles September 23, 2024 The latest data from S & P shows shares out on loan represent 13 per cent of Wizz Air's stock available for trading.
The Capitalist: Lord Bethell bigs up the rave; Greggs goes bling; James Blunt kicks off September 12, 2024 Lord Bethell muses on the politics of the rave while Greggs releases the new must-have City accessory: catch up on the latest gossip in The Capitalist.
Government must sack air traffic control boss after ‘long line of cock ups,’ Ryanair’s Michael O’Leary says September 9, 2024 Thousands of passengers have had their flights cancelled at Heathrow and Gatwick Airport due to air traffic control staff shortages.
Ryanair and Wizz Air smash passenger records as summer travel demand booms September 3, 2024 Low-cost rivals Ryanair and Wizz Air reported record passenger numbers in August as travel demand booms in the peak summer period.