Transport misery: Passenger satisfaction with Britain’s railways drops to 10-year low, says Transport Focus January 29, 2019 Passenger satisfaction with the UK's railways has fallen to a 10-year low, a new survey out today has found. Independent watchdog Transport Focus warned that overall satisfaction with services stood at 79 per cent, the lowest since 2008, according to its latest national passenger survey of 25,000 passengers. More than one in five passengers were [...]
Budget airline Norwegian takes a beating as it turns to shareholders in bid to raise cash January 29, 2019 Shares in Norwegian Air Shuttle crashed this morning as the company went cap in hand to shareholders after a potential bid for the struggling airline fell through last week. The 3bn Norwegian krone (£268m) fundraise comes as the business tries to move away from the rapid growth which has characterised it in recent years. Read [...]
Mark Kleinman: Flybe might struggle for take-off without investors on board January 25, 2019 Talk about a crash landing. The outrage of Flybe’s largest shareholder about the terms of its £2.2m takeover, articulated in a legal letter to the airline’s board last week, is at face value perfectly understandable. On the full pre-flight checklist-worth of complaints from Hosking Partners, the most incendiary may be Flybe’s decision last year to [...]
British Airways-owner International Airlines Group rules out new bid for Norwegian Air January 24, 2019 British Airways owner International Airlines Group (IAG) will not make an another offer to buy Norwegian Airl and announced it will sell its remaining stake in the company. Norwegian’s share price fell as much as 26 per cent – the lowest level since 2012 – on the news that a potential deal is off the table. [...]
Airline stocks enjoy share price bump following positive forecast for 2019 January 21, 2019 Several airline stocks have enjoyed share price bumps today following a positive note on European airlines by Davy Research. Air France-KLM, Norwegian and Thomas Cook were among the airlines that enjoyed spikes in their share price, with the Franco-Dutch carrier enjoying a near 5 per cent rise. Norwegian's share price increased by 3.52 per cent [...]
FTSE 100 index rises on hopes of US – China trade war breakthrough January 18, 2019 The FTSE 100 is up more than one per cent this morning on hopes of a breakthrough in trade talks between the US and China. The index was boosted by hopes of progress in the trade war, which were sparked by news reports suggesting that the US is considering reducing tariffs on Chinese imports. Read more: Markets lift [...]
Big brands doing big deals show the UK sports sponsorship industry remains in rude health January 14, 2019 January is typically the time to look forward, to forecast and predict what will happen in the coming year. To understand the state of the UK sponsorship industry, however, it’s more worthwhile to look at what happened in the months leading up to Christmas. Rewind to the week after Black Friday in December and big [...]
London City Airport sees record passenger numbers despite a decrease in flights January 8, 2019 London City Airport welcomed a record number of passengers in 2018, with a total of 4.8m passengers using the airport. The figures, comprised of both arriving and departing passengers, represent a 6.4 per cent increase over the previous year and the highest ever seen by the 31-year-old airport. The number of flights passing through the airport decreased [...]
One of the USA’s most iconic hotels, Ocean House is famous for its timeless coastal experience dating back to the Victorian age January 3, 2019 With its fancy turrets, myriad windows and pastel-lemon façade, Ocean House is an imposing place. Found on the bluffs of Watch Hill, a well-to-do town in Rhode Island, on first appearances it’s a hotel that looks like a stuffy, Victorian grand-dame, fitted in an overblown crinoline dress, and exuding old-fashioned principles. In part, its looks [...]
Rail fares rise by 3.1 per cent as commuters stage protests at train stations across the UK January 2, 2019 Rail fares increased by an average of 3.1 per cent today despite commuters suffering a year of travel chaos in 2018. Passengers are set to stage a national protest at the hike today, which will see many rail season tickets increase by more than £100. Commuters, rail union leaders and politicians are expected to protest [...]