Shares fall as BA investigates data breach affecting 380,000 card payments September 6, 2018 British Airways has admitted that hackers stole customer data from its website and mobile app over the last two weeks. Shares in International Airlines Group, of which BA is a subsidiary, have fallen more than 2 per cent this morning as the airline launched an investigation into the theft, which it said affected at least [...]
Theresa May pledges to bolster ties between the City and Nigeria August 29, 2018 The Prime Minister Theresa May pledged to bolster ties between the City and Nigeria as she looked to secure new trade relationships on a visit to Africa. May urged Nigeria to tap into the City’s financial expertise, which she hoped could play an even greater role in the continent after Brexit. UK-Nigeria trade was worth £4.2 billion [...]
London City Airport wins boosted seat capacity with bolstered BA fleet August 29, 2018 British Airways is expanding its fleet of Embraer 190 aircraft at London City Airport (LCA) next year under its BA CityFlyer brand. The addition of four new planes mean there will now be 26 BA CityFlyer aircraft operating at LCA, leading to job opportunities and a boosted seat capacity of 20 per cent. Along with the new aircraft, BA CityFlyer is [...]
Niki Lauda-founded airline to double fleet following completion of Ryanair deal August 29, 2018 Austrian low-cost airline Laudamotion is to double its Airbus fleet following the completion of Ryanair's purchase of 75 per cent of the Niki Lauda-founded carrier. Laudamotion said it will bolster its fleet from nine to 18 next summer. Alongside this, it also announced the opening of new office in Vienna and pilot pay increases and basic pay [...]
Looming US sanctions on Iran push oil prices higher August 24, 2018 Oil prices climbed this morning amid fears that incoming US sanctions on Iran are likely to reduce crude volumes significantly. Brent crude oil futures were at $75.19 (£58.59) per barrel earlier today, rising 0.6 per cent from their last close, while US West Texas Intermediate (WTI) crude futures were up 0.7 per cent. Brent is [...]
British Airways suspends flights to and from Iran August 23, 2018 British Airways has confirmed its intention to suspend flights to and from Iran, becoming the latest western firm to cut ties with the country in the face of US sanctions. Saying its London to Tehran service is “currently not commercially viable”, the company’s last outbound flight from Heathrow airport will be on 22 September, and [...]
Last Week in the City: Trade fears re-emerge August 3, 2018 Garry White, chief investment commentator, looks at the market-moving events that have shaped the UK equity markets this week (30 July to 3 August 2018). Interest rates were raised in the UK for the second time since the financial crisis, but the move was widely expected. The earnings season continued. Growth in all regions was [...]
British Airways warns of Heathrow flight disruption after IT chaos yesterday July 19, 2018 British Airways has warned that passengers flying from Heathrow Airport may face disruption today after an IT outage yesterday led to a slew of cancelled and delayed flights. An airline spokesperson said this morning: “An issue with a supplier IT system was resolved overnight. “We are doing everything we can to keep any knock on [...]
Can Oman double its tourism in just six years? Jenny Southan visits the nation’s top luxury retreats to find out… July 6, 2018 Just metres beyond the hotel’s infinity pool is the edge of a cliff that gives way to an enormous canyon that stretches towards the horizon. This is one of the highest points in the Middle East – 2,000 metres above sea level – and if you dare to venture over this precipice you can make [...]
Ryanair hits out at air traffic control strikes causing 1,100 flight cancellations though airline still reports rise in June traffic July 3, 2018 Ryanair has hit out over air traffic control (ATC) strikes once again, saying they proved particularly turbulent last month. The airline still managed to post a seven per cent rise in passenger numbers for June – up to 12.6m, compared to the same month last year. The load factor, which reflects how efficiently an airline [...]