Elon Musk: Twitter a ‘powerful tool’ to drive Tesla’s demand as car maker’s revenue soars to $24.3bn January 26, 2023 Twitter is “an incredibly powerful tool” to drive Tesla’s demand, according to chief executive Elon Musk. “I really encourage all kinds of automotive companies to use their Twitter accounts in ways that are interesting, informative and entertaining and it will help drive sales just as it has with Tesla,” Musk told investors on Wednesday night. [...]
Boeing posts positive free cash flow for first time since 2018 as losses go up January 25, 2023 Boeing has posted a positive free cash flow for the first time since 2018 despite higher net losses. The US plane maker today reported a $2.3bn (£1.9bn) free cash flow for the whole of 2022, up from a loss of $4.4bn the previous year. Meanwhile, free cash flow for the three months ended 31 December [...]
Jaguar Land Rover returns to profit for first time in nearly two years as easing of chip shortage fuels production boom January 25, 2023 Jaguar Land Rover returned to profitability for the first time in almost two years, as the easing of a long-running chip shortage has fuelled a surge in production volumes. Semiconductor are a car’s integral component, as they are used in key features such as sensors. The British car-maker came back into black, which it hasn’t [...]
Easyjet slims losses to £133m as it dreams of profitability with Easter and summer bookings already flying high January 25, 2023 Easyjet expects to deliver a full-year profit after shrinking its quarterly losses by 37 per cent, the company said today, as chief executive Johan Lundgren remained positive about the airline’s preparedness to deal with higher passenger levels this summer. The low-cost carrier announced today that its loss before tax in the three months ended 31 [...]
Rise of the TW*Ts: TfL reveals tumble in Friday morning commuters, but night owls coming back to the capital January 24, 2023 Mondays and Fridays are the quietest days on London’s tube network in a sign that post-Covid hybrid working patterns are here to stay. Data published by Transport for London (TfL) showed a 13 per cent dip in passenger numbers on any given Monday between October and December 2022 compared to the rest of the week. [...]
Fire and rehire: New government rules will not stop another P&O scandal, claim unions January 24, 2023 New rules against so-called “fire and rehire” practices in wake of the P&O scandal will not stop it from being repeated, trade unions have warned. Ministers have launched a consultation for a new code of practice for all employers, which would set out companies’ responsibilities when they seek to change contractual terms. The government is [...]
China’s reopening to fuel global aviation recovery with 44,000 plane deliveries expected over next 20-years January 24, 2023 China is set to be the engine for global aviation’s recovery after its reopening from Covid restrictions, with 44,500 new planes set to be delivered in the next 20 years. Data published today by aviation analytics firm Cirium shows the planes will be made in order to meet a 3.6 per cent annual passenger travel [...]
Fuel price warning if Asda forecourt mega-merger goes ahead January 23, 2023 A MOOTED merger between Asda and its owners’ separate forecourt business could lead to significantly higher fuel prices, a campaign group has warned. The billionaires – who bought Asda in 2020 for £6.8bn – are reportedly plotting to merge the supermarket chain with their forecourt business EG Group. The merger could create a new company [...]
Is it Avanti? The award for Britain’s worst rail network goes to…. January 23, 2023 Avanti West Coast is the country’s worst train operator when it comes to cancellations, according to a new ranking. A Press Association analysis of recent data published by the Office of Rail and Road (ORR) shows that Avanti West Coast’s cancellation score for the four weeks ended 7 January was 18.9 per cent. Cancellation score [...]
Flying the green flag: Ryanair’s £140m Boeing deal will save airline ’65m litres of fuel’ a year January 23, 2023 Ryanair claimed its $175m (£140m) deal with Boeing’s subsidiary and technology company Aviation Partners Boeing will help it make huge cuts to fuel consumption and CO2 emissions. Under the agreement, 400 of the low-cost airline’s aircraft will be retrofitted with APB’s winglets. Also known as wingtip devices, winglets are vertical extensions attached to a plane’s [...]
