Delta boss: US’s appetite for transatlantic travel will not be over quickly November 3, 2022 Transatlantic travel is here to stay, said Ed Bastian, boss of US legacy carrier Delta. According to the chief executive, Americans’ appetite for hopping over the pond has been “truly unprecedented” following the reopening of air travel post pandemic. “So many Americans haven’t been able to go for up to three years,” he told journalists [...]
Virgin Atlantic’s chief warns Heathrow to prepare for winter after pandemic pandemonium November 2, 2022 Virgin Atlantic’s chief executive Shai Weiss said today Heathrow better be ready to welcome the hundreds of thousands of passengers expected during the peak winter period. “There is enough time to get ready for the peak winter,” he told City A.M. “We intend to fly and to serve our passengers and we expect Heathrow to [...]
Bentley’s profits more than double to £495.5m despite global headwinds November 2, 2022 Bentley’s profits have more than doubled to €575m (£495.5m) despite ongoing industry and economic headwinds. In the nine months ended 30 September, the luxury car maker’s earnings soared by 109 per cent, while return on sales surged to 23.1 per cent – the highest in the UK marque’s 103-year history. Revenue went up 28 per [...]
Union postpones next week’s strike to allow ‘constructive discussions’ with Network Rail November 1, 2022 The rail union TSSA has postponed next week’s strikes at Network Rail to allow for “constructive, intensive and detailed discussions to continue.” Involving thousands of workers, the strikes were supposed to take place on Saturday, Monday and Wednesday next week. Nevertheless, workers at Avanti West Coast, East Midlands Railway, c2c, South Western Railway and Southeastern [...]
Net-zero bus maker Wrightbus bags £26m gov-backed funding to expand into EU and Asia November 1, 2022 Bus maker Wrightbus has bagged £26m in government-backed funding to expand its operations into Europe and South-East Asia. Under the agreement’s terms, the UK Export Finance will indemnify an £18m Green Trade loan as well as an £8m Green Bank guarantee provided by Barclays. “It’s fantastic to see Great British companies like Wrightbus take full [...]
Toyota slashes car production target as profit slumps by 25 per cent due to headwinds November 1, 2022 Toyota has slashed its production target for the year as its quarterly profit slumped by 25 per cent due to a combination of industry and economic headwinds. The Japanese automotive powerhouse has posted an operating profit of 562.7bn yen (£3.3bn) for the three months ended 30 September. This was down on the 750bn yen reported [...]
TfL criticised for charging over-60s £10 to prove they live in London November 1, 2022 TfL’s decision to charge 60+ Oyster card holders £10 annually to prove they still reside in London has caused a stir, as one user branded it a “scam.” Ghanashyam Master told MyLondon he now has to pay £20 to get a new card after he failed to pay the £10 fee by 16 October. “Trying [...]
Ryanair tells passengers to brace for disruption over website and app outage on 8 November November 1, 2022 Passengers have been urged to check in early as Ryanair’s website and app are set to undergo maintenance works later this month. The low-cost carrier has announced the website will be down for 11 hours between 6pm on Tuesday 8 November to 5am on Wednesday 9 November. “Due to planned maintenance, Ryanair website / app [...]
‘Quicker and easier’ journeys at Bank as TfL unveils new interchange route October 28, 2022 TfL has unveiled a new interchange route at Bank station, which is set to make journeys “quicker and easier” for thousands of commuters walking between the Northern and Central lines. The public body has added two new 100-metre moving walkways and three new escalators just two weeks after unveiling more escalators between the Northern line [...]
Airbus raises free cash flow to £3.8bn but supply chain remains ‘fragile’ October 28, 2022 Airbus has raised its free cash flow outlook to €4.5bn (£3.8bn) – up from the €3.5bn previously forecast – due to a strong dollar. In the third quarter, the EU plane maker’s revenue went up 27 per cent to €13.3bn, reaching €38.1bn for the nine months to the end of September. On the other hand, [...]
