Toyota crowned world’s largest car maker for second year in a row January 28, 2022 Car giant Toyota was crowned the world’s largest car maker for the second year in a row, after sales went up 10.1 per cent in 2021. The Japanese manufacturer reported today 10.5 million sales, widening the lead with rival Volkswagen, who delivered only 8.9 million vehicles – the lowest in 10 years. Toyota has managed [...]
Heathrow trims 2022 revenue forecast following CAA interim airfare price January 28, 2022 Heathrow has decided to reduce its revenue forecast for 2022 following the Civil Aviation Authority’s (CAA) decision to set the airport’s interim airfare at £30.19. In an investor report update published this morning, the hub explained 2022 revenue forecasts would now station at £2.2bn, down by £307m from the initially expected £2.5bn. Heathrow’s adjusted EBITDA [...]
What are ghost flights and what is the debacle around them? January 27, 2022 EasyJet’s chief executive Johan Lundgren this morning told investors the airline was in favour of airport slot rules going back to “a normalised delineation,” saying the carrier will not be forced to operate ghost flights to retain its slots. “We should remember that the reason why [governments] made these exceptions was because restrictions were in [...]
Heathrow passengers stuck as security checks cause hour-long queues for umpteenth time January 27, 2022 Passengers at Heathrow have been complaining of being stuck in queues of more than 3 hours, waiting to be processed by Border Force. “Stuck at the UK border (non-UK, EU, US) in LHR for 4+ hours. Last time it was 2.5+. Kids crying all around. Officers drift in and out,” a tech entrepreneur told TechCrunch’s [...]
EU court adviser green-lights airline passenger data law January 27, 2022 The European Court of Justice’s advocate general Giovanni Pitruzzella has given the green light to a law that allows the gathering of airline passengers’ information. According Pitruzzella, under the 2016 Passenger Name Record Directive, authorities should access passengers’ information on all flights to and from the EU only in security matters, including terrorism and other [...]
MSC goes in for majority stake in ITA, telling ‘the Germans’ to settle for minority share January 27, 2022 Shipping giant MSC has made clear it wants a majority stake in the takeover of Italian airline and Alitalia successor ITA Airways, leaving Lufthansa with a minority share of the company. “The most important thing for us is to have a majority share in ITA Airways. The Germans can come in as a commercial partner [...]
EasyJet remains optimistic about 2022, as UK spearheads booking growth January 27, 2022 EasyJet’s chief executive Johan Lundgren has said the airline remains optimistic about 2022, following a recovery in customer confidence. “Customers are more confident in their ability to travel due to our flexible policies,” Lundgren told investors this morning following the company’s first quarter results. In the UK, bookings initially jumped off on 5 January, when [...]
Commercial vehicle output grows amid ‘dismal year’ for UK car manufacturing January 27, 2022 The UK commercial vehicle output has grown 11.3 per cent in 2021, despite a ‘dismal year’ for the British automotive industry. According to figures released today by the Society of Motor Manufacturers and Traders (SMMT), over the course of the year production climbed 27.3 per cent. As a result of the lockdown-induced surge in home [...]
Go green or go home: Renault, Nissan and Mitsubishi invest £19.2bn in EV development January 27, 2022 A consortium formed by automotive giants Renault, Nissan and Mitsubishi will invest €23bn (£19.2bn) within the next five years to develop electric vehicles (EV). As part of its Alliance 2030 electrification strategy, the consortium will increase the number of common EV platforms from four to five, developing 35 new EV models by 2030. The car [...]
Gambling company Rank bounces back quickly following Omicron slump January 27, 2022 Gambling company Rank has marked its return to profitability in the six months ended 31 December, as a result of improved revenue performance in subsidiaries such as casino company Grosvenor as well as bingo firms Mecca and Enracha. After a Covid-induced slump, Rank’s profits went up to £24.1 compared with the £41.2m loss registered last [...]
