Icelandic carrier Wow Air faces headwinds as it extends deadline for rescue deal March 4, 2019 Iceland’s Wow Air is the latest low cost airline facing severe turbulence, after it has been forced to ask lenders for an extension to negotiate a rescue deal. The carrier, which has faced months of financial difficulties, confirmed it has asked for an extra month to negotiate a rescue deal with US investment company Indigo [...]
Norwegian Air shares tumble as leaders agree to sale of subscription rights February 18, 2019 Shares in Norwegian Air crashed this morning after the struggling airline’s boss and board chairman agreed to sell some of their subscription rights to a share issue at less than face value in order to raise emergency funds. Read more: Growth will slow at Norwegian Air as profits in focus Chief executive Bjorn Kjos and chairman [...]
Regional airline Loganair takes on cancelled Flybmi routes from Aberdeen February 17, 2019 Regional airline Flybmi’s collapse has forced Scottish former rival Loganair to step in on three routes it operated from Aberdeen. Loganair is to run flights from Aberdeen to Bristol, Oslo and Esbjerg, in Denmark, from 4 March. Read more: Growth will slow at Norwegian Air as profits in focus It will also run flights from [...]
Gatwick drone chaos costs Easyjet £15m but shares rise as profits stay the course January 22, 2019 Drone disruption at Gatwick cost Easyjet £15m, the airline revealed today, as it said that 82,000 passengers were affected by the incident, but shares rose as profits stayed the course. Easyjet was forced to spend £10m in customer welfare costs and lost £5m in revenue, it confirmed in a trading update this morning, as it [...]
Easyjet flies in the face of Brexit worries as profits and bookings soar November 20, 2018 Low-cost airline Easyjet remains positive about its 2019 outlook as rising profits and revenues for the year to the end of September defied Brexit concerns and rising costs. The figures Pre-tax profit rose 41.4 per cent to £578m and revenues were up 16.8 per cent to £5.9bn. The airline raised its dividend to 58.6p subject to [...]
Easyjet profits set to soar after capitalising on Monarch collapse November 18, 2018 Easyjet is set to report soaring profits for the year after capitalising on the collapse of rivals Monarch and Air Berlin. The low-cost airline is expected to report full-year pre-tax profit of between £570-580m, in the upper half of its previous guidance and up from £385m the previous year, and revenue of £5.9bn. The carrier has [...]
Black cabs to launch in Paris (but will they go south of the Seine?) October 18, 2018 London’s black cabs will launch in Paris next year as the Chinese owner of the iconic design continues its global expansion. In 2017 the Geely-owned London Electric Vehicle Company said it would launch its taxis in Amsterdam, Oslo, Berlin and Hamburg. Read more: Driverless flying taxis could be heading for London The company said today [...]
Easyjet passenger numbers climbed to 8m in September as Ryanair grappled with strikes October 4, 2018 Easyjet's passenger numbers for last month climbed to 8.8m last month, including numbers it has taken from flying from Berlin's Tegel airport. The number is an 14.2 per cent increase from September last year, when the airline carried 7.7m passengers. Earlier this year the airline started operations at Tegel airport after taking over parts of Air [...]
Easyjet soars towards full-year profit targets September 28, 2018 Easyjet today told investors it expected to deliver strong headline profit in its full year results, despite warnings of a no-deal Brexit hitting the airline. The company said before tax, profit for the year was likely to come in between £570m and £580m, in the upper half of previous guidance. It said passenger numbers for [...]
What are the European Championships 2018? New competitions includes athletics, cycling, gymnastics, swimming, diving, rowing, triathlon and golf | City A.M. July 31, 2018 You could be forgiven for not knowing it, but a major new international multi-sport event featuring some of the stars of the Olympics gets underway in the UK this week. It’s called the European Championships – a title that sums it up accurately while offering few clues as to what it actually is. The European [...]