By: Guy Taylor

Transport Reporter Guy Taylor is the Transport and Infrastructure Correspondent at City A.M. He has interviewed key figures in UK aviation and rail and has a particular interest in investigative reporting. He was highly commended in MHP's 30 to watch award for young journalists in 2025.

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Volkswagen ‘stepping up the pace’ of China transformation as profits dip

Volkswagen

Volkswagen saw revenue growth of 18 per cent to €156.3bn (£134.3bn) in its half-year results, as chip shortage supply chain issues eased and the group ramped up its EV production. However, this was not enough to offset a year-on-year dip in operating profits, which came in at €11.3bn (£9.69bn) down from €13.2bn (£11.32bn). The German [...]
Mobico shares tumble despite revenue jump as inflation and wage costs bite

TRANSPORT

Mobico Group, formerly known as National Express, saw its revenue rise 18.5 per cent to £1.57bn in the first half of the year, as it benefited from rising passenger demand across the majority of its international networks. However, this was not enough to offset rising wage costs associated with inflation and the removal of a [...]
Wizz Air ordered to review years of falsely rejected compensation claims

AVIATION

The Civil Aviation Authority (CAA) has taken unprecedented action against Wizz Air due to soaring complaints about the airline falsely refusing passenger compensation claims for flight disruption. The CAA said it has ordered Wizz Air to re-look at a string of claims made since 18 March 2022, meaning passengers who had claims incorrectly rejected “will [...]

British car production rebounds thanks to record electric vehicle boost

July 27, 2023

UK car production jumped 11.7 per cent in the first six months of the year, industry figures show, marking a major rebound from the pandemic-induced lows of 2022. According to the Society of Motor Manufacturers and Traders (SMMT), 450,168 units were made in the six months from January, with June the fifth consecutive month of [...]
Investors prepare to see if British Airways owner will soar this summer

July 26, 2023

British Airways owner IAG is set to report its half year results this Friday, amid what is widely touted as the most important summer for airlines in years. Aviation has experienced an extraordinary boom in demand over the last six months as it enters the first truly restriction free, high volume period since before the [...]
Boeing posts £115m loss but aircraft deliveries pick up speed

July 26, 2023

Boeing reported a $149m (£115m) net loss in its quarterly results on Wednesday, despite the plane maker seeing a rise in revenues on the back of “strong demand” for commercial aircrafts. The aerospace giant saw revenues increase to $19.8bn (£16.9bn), up 18 per cent year-on-year, which it said primarily reflected 136 commercial deliveries. It also [...]
Rolls-Royce shares skyrocket over 20 per cent after profit guidance doubled

July 26, 2023

Rolls-Royce shares skyrocketed more than 20 per cent this morning after it raised its full year profit guidance on the back of a boom in long-haul flying and increased defence spending. The aerospace giant also said that half year profits are expected to be “materially above” expectations, with the company looking to make £680m, double [...]
Heathrow narrows losses but blames CAA price cap for staying in the red

July 26, 2023

Heathrow Airport said on Wednesday it remained loss making in the first half of 2023 despite soaring passenger figures, blaming a cap on the amount it can charge airlines for using the hub. For the six months to June, the west-London hub saw adjusted pre-tax losses halve to £139m but said that the airport “remains [...]
Demand picture for shipping ‘far worse than we had foreseen,’ analysts warn

July 26, 2023

The demand picture for container shipping is “far worse” than predicted, analysts have warned, as the sector struggles with an oversupply of vessels ordered during the pandemic-era shipping boom. “There’s a really, really punishing demand environment and at the same time, they’re just not doing enough to reduce the amount of available capacity in the [...]
Jaguar Land Rover well in the black as profits jump to £435m

July 25, 2023

Jaguar Land Rover (JLR) saw its profits for the quarter surge to £435m, up from £67m last quarter, the firm reported today. Revenues for the three months to June were at £6.9bn, up 57 per cent year-on-year, with the marque’s performance boosted by strong sales and demand for its luxury brands. Production was at its [...]

Meta and Google face first trial over child safety claims

LIV Golf open to PGA resolution and in talks over team sales, says president

Wuthering Heights is a bodice-ripper for the OnlyFans generation

By: Guy Taylor

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