Shares in British Airways’ owner up 10 per cent over the last week September 8, 2016 Shares in International Consolidated Airlines (IAG) were up over 3.5 per cent this morning following a positive broker note and its chief exec saying that other airlines were keen to join the group. Deutsche Bank's issued a note this morning indicating a target price of 570p for the group, that owns British Airways, Iberia and Aer Lingus – a 40 [...]
The big business class-only problem: Why high-end services like La Compagnie don’t take off in Britain September 7, 2016 Sir Richard Branson’s trademark “devil may care” attitude is evident when he talks about founding Virgin Atlantic. He has said: “In the ’80s my gut feeling was that airlines were crap. I hated spending time on planes. I thought we could create the kind of airline I’d like. So we got a secondhand 747 and [...]
British Airways flights hit by technical glitch September 6, 2016 British Airways has suffered technical problems causing delays and cancellations. The airline said some flights had been cancelled due to the unspecified technical problems and passengers are being told to check-in online before they travel. It said in a statement: "We are checking in customers at Heathrow and Gatwick Airports this morning, although it is taking [...]
Queen praises Olympic heroes as Team GB prepare to touch down August 22, 2016 The Queen, the Duke and Duchess of Cambridge and Prince Harry have saluted Britain’s Olympic heroes as the last of Team GB’s record-breaking athletes prepare for their homecoming on Tuesday. Team GB won 67 medals in Brazil to exceed their tally as hosts four years ago, including 27 golds, which saw them finish second in [...]
British Airways set to gain access to Chinese domestic market August 19, 2016 British Airways is gearing up for access to China's domestic market as it launches a new partnership with China Eastern Airlines. Through the partnership with the Shanghai-based carrier, customers in the UK will be able to fly to regional Chinese destinations. Read more: Yep, a weaker pound has hit British Airlines owner IAG Alex Cruz, [...]
Cathay Pacific shares plummet after profits plunge August 17, 2016 Hong Kong carrier Cathay Pacific's shares dropped by more than seven per cent after a huge decline in first half profits. The airline reported that its first half profits fell after losing out on its fuel hedging contracts, as well as increased competition. Read more: Here are the world's 10 safest airlines: Qantas, British Airways and Cathay Pacific [...]
Watch this stunning captain’s-eye view of landing a plane in London August 11, 2016 Every time you think you've seen the capital from every possible angle – whether it's from space, or from the perspective of someone jumping from one of its skyscrapers – a new view comes along, putting London in an entirely new perspective. The latest comes in the form of a video which puts you in the cockpit [...]
More or less? What needs to be done to get control of Britain’s pension scheme deficits August 7, 2016 Even before last Thursday’s interest rate cut, pension deficits were at record levels with the total gap between assets and liabilities for Britain’s companies estimated at a mind-boggling £390bn. The rate cut exerted further downward pressure on gilt yields – a key determinant in pension liability valuations – meaning that the gap is likely to grow further. [...]
Explore the coastline of Cascais and channel your inner Dan Brown at a masonic Portuguese retreat August 5, 2016 Portugal’s national football team might have plodded to Euro victory in the most boring fashion imaginable, but the country’s Atlantic resorts of Estoril and Cascais more than compensate, providing the kind of spark and excitement their players were sadly lacking (not that we can talk). From the historic setting of Penha Longa Resort – Ritz-Carlton’s [...]
July traffic numbers set a world record for Ryanair August 3, 2016 Ryanair said it had broken the world record for the most passengers carried by an airline during one month. “July was a record month for Ryanair as our traffic grew by 12% to 11.3m customers and we became the first airline in the world to carry over 11m international passengers in one month, with a [...]