Wizz Air reports increasing passenger demand despite war headwinds April 4, 2022 Wizz Air has reported an ongoing increase in passenger demand despite headwinds caused by the war in Ukraine. The low-cost carrier said today passenger demand in March peaked at 2.5 million passengers – a 416 per cent increase on the same month last year – at a load factor of 86.2 per cent. Over the [...]
Ryanair narrows 2021 loss forecast and increases fuel hedging April 4, 2022 Ryanair announced today it would narrow its loss forecast for the year ended 31 March, as for the first time in two years passenger numbers topped pre-Covid levels. The low-cost airline said it was expecting net losses to be between €350m and €400m, after previously guiding to be between €250m and €400m. Just last week, [...]
Southwark makes £5m from low-traffic zone fines April 4, 2022 Southwark council made more than £5m from penalties given to motorists who drove into Dulwich low-traffic zones. Around £1.6m was made from low-traffic neighbourhoods in Walworth between 29 March 2021 and 13 March 2022, while an additional £361,897 was made by cameras from a project developed Guys and St Thomas’s Trust Charity. But according to [...]
US income gap widens between staff and management as executives report record earnings April 4, 2022 The US income gap between staff and management has widened this year, after executives reported record earnings over the last 12 months. According to information supplier ISS Company Options, more than half of S&P companies, the median pay for a chief executive went up from $13.5m in 2020 to$14.2m last year, the Financial Times reported. [...]
BrewDog chairman picks row with HR adviser over employee platform April 4, 2022 BrewDog’s chairman Allan Leighton picked a row with the HR firm brought in to improve relations between staff and management. Leighton accused consultant Hand & Heart of “amplifying attacks” on the management team, after the HR firm set up a platform where BrewDog workers could submit their feedback regarding the company. In a letter to [...]
Ministers called to introduce ‘safety net’ for homeowners following hike in debt costs April 3, 2022 The UK Government was called on to bring a “safety net” for homeowners following a hike in household debt costs. The Lib Dems said extra help needs to be given to first-time buyers, as forecasts from the Office for Budget Responsibility showed household debt servicing costs will increase by £33bn in two years. Under the [...]
Ex Kingfisher boss Sir Ian Cheshire appointed Channel 4 chairman April 2, 2022 Former Kingfisher boss Sir Ian Cheshire was appointed today as chairman of Channel 4, Ofcome announced. The 62-year-old retail former executive will join the broadcaster’s board on 11 April, succeeding media executive Dawn Airey. Interviewed for the post in late February, Cheshire went against Rita Clifton, who ran Interbrand and now sits on the board [...]
Tory MP David Warburton sees whip withdrawn following harassment probe April 2, 2022 David Warburton, Tory MP for Somerset and Frome, saw his whip withdrawn following an investigation by the harassment watchdog. the Whips Office said today. Complaints sent to the Independent Complaints and Grievance Scheme alleged the 56-year-old behaved inappropriately. “I have enormous amounts of defence, but unfortunately the way that things work means that doesn’t come [...]
Kremlin provides £919.3m for domestic aviation following West sanctions April 2, 2022 The Kremlin announced today it would provide 100bn roubles (£919.3m) to help the Russian domestic aviation market as the sanctions imposed by the West continue to bite. President Putin said in a televised address that domestic flights should become cheaper for Russian and that the share of Russian-made aircraft should increase. Aviation was one of [...]
Passion Capital fires founder following sexual assault charge April 2, 2022 Venture capital Passion Capital has fired its founder tech tycoon Stefan Glaenzer following a sexual assault charge. Funded by the British Business Bank, Passion Capital – which is Monzo’s majority shareholder – severed all ties with the 60-year-old adding it was seeking to stop him from making future profits, the Telegraph reported. “We are in [...]
