Summer fares will be up by nine per cent according to Ryanair boss June 14, 2022 Travellers need to be ready as summer fares will be up between 7 and 9 per cent, said Ryanair’s boss Michael O’Leary. According to the chief executive, bookings are strengthening while June load factor has reached 94 per cent of 2019 levels. “And July, August, and September look very strong with higher load factors and [...]
Brexit not cause of travel disruption, says aviation minister June 14, 2022 Brexit has not contributed to the labour shortages responsible for the ongoing travel disruption, the UK Government said. Aviation minister Robert Courts – who appeared today in front of the BEIS committee – said the lack of workforce was a global issue, affecting not only the UK but also the US and continental Europe. “There [...]
Execs from TUI, EasyJet and British Airways grilled over role in Bank Holiday travel chaos June 14, 2022 Airlines’ executives were grilled in Parliament over their role in the travel chaos, which has left thousands of Britons stranded over the half-term and Bank Holiday weekend. Representatives from TUI, EasyJet and British Airways (BA) appeared before the Business, Energy and Industrial Strategy Committee (BEIS) today. The committee questioned David Burling, TUI’s chief executive for [...]
UK could face ‘summer of discontent’ as new railway strike to be balloted June 14, 2022 The UK could face a “summer of discontent” as members of the union TSSA working for Network Rail are to vote on a potential strike action. The TSSA announced 6,000 of its members will vote whether to walk out over pay, conditions and job security. Opened today, the ballot will close on 11 July and [...]
Exclusive: Go-Ahead’s buyers not afraid of bidding war with Kelsian June 14, 2022 The Australian-Spanish consortium that has made an offer of around £650m for Go-Ahead said it’s not worried about a war with the group’s other bidder, tour operator Kelsian. “Our offer presents a very strong premium,” said Michael Sewards, the chief executive of one of the consortium’s two partners, Australian bus operator Kinetic. “We think now [...]
Battle of the brands: Lidl accuses Tesco of copying logo in High Court dispute June 13, 2022 Lidl has accused rival Tesco of copying its logo to “ride on the coattails of Lidl’s reputation as a discounter.” The claim was made by the German supermarket chain during a High Court dispute, in which Lidl said the logo for Tesco’s Clubcard Prices was too similar to its own – a yellow circle with [...]
Australian-Spanish consortium makes £647.7m firm bid for Go-Ahead June 13, 2022 A consortium made up by Australian bus operator Kinetic and Spanish infrastructure group firm Globalvia has announced its £647.7m firm offer for Go-Ahead. Recommended by the company’s board, the offer represents a premium of 48.5 per cent to the UK bus operator’s closing price on 25 May as well as a 77.6 per cent increase [...]
P&O and DFDS to address competition concerns following CMA investigation June 13, 2022 Ferry operators P&O and DFDS will address concerns over their capacity-sharing agreement after the Competition and Markets Authority (CMA) launched an investigation. Under the agreement signed in May 2021, cargo customers on the Dover to Calais route can board the next available ship, regardless of who operates it. After it launched an inquiry in November [...]
Heathrow calls on aviation regulator to ‘protect services’ with favourable price cap June 13, 2022 Heathrow has urged the aviation regulator to “protect services and resilience levels” by setting a price cap favourable to the airport. “The last thing passengers want is a cut price plan that leads to the cancelled holidays, stress and ‘hassle’ seen at other airports,” the hub said in an update on Monday. The airport asked [...]
Go-Ahead shares surge after bus operator receives two takeover approaches June 13, 2022 Go-Ahead has seen its stock price surge after receiving two takeover approaches, which it said it was inclined to accept. The bus operator is the latest transport firm to be courted by international investors. Fellow coach company Stagecoach was snatched by German asset manager DWS Infrastructure in May while last week public transport titan [...]
