I’d never normally protest, but Sunak is bleeding the tourist economy dry November 1, 2023 Sir Rocco Forte and a host of other business leaders are protesting over the tourist tax today. He explains why.
FTSE 100 close: London slumps as Natwest shares crater after Rose review October 27, 2023 London’s FTSE 100 closed the week down almost one per cent, while Natwest’s shares plummeted on the outcome of its review into former boss Dame Alison Rose. The capital’s premier bluechip index ended the day well in the red, after showing signs of being steady throughout most of Friday. By midday it was up around [...]
British Airways’ profits take off as IAG enjoys bumper summer October 27, 2023 British Airways-owner IAG has posted record-level third quarter results as demand for European holidays flies up and fuel costs dip.
Air charge hike is ‘kick in teeth’: Ryanair, British Airways and Easyjet representative slams CAA decision October 26, 2023 Airlines have slammed a decision to raise air traffic control charges as a "kick in the teeth" for passengers, who will see air fares rise.
Former British Airways chief: Gatwick must improve on air traffic disruption October 25, 2023 British Airway's former chief executive has described recent air traffic incidents at Gatwick Airport as "very poor."
IAG: British Airways owner set to report £1.3bn profit but Israel-Gaza conflict sparks concern October 22, 2023 The IAG is set to report £1.6bn profit on Friday, but conflict in Israel and air traffic disruption could hinder its share price rally.
Heathrow: CMA tells aviation regulator to look at price cap again as row rumbles on October 17, 2023 The UK competition watchdog has largely upheld a ruling forcing Heathrow to slash the amount it charges airlines for using the airport.
British Airways suspends Israel flights over safety fears October 11, 2023 British Airways has suspended flights to and from Israel due to safety concerns, the airline said. Flight BA165 is returning to Heathrow after nearly reaching Tel Aviv on Wednesday. A British Airways spokesman said: “Safety is always our highest priority and following the latest assessment of the situation, we’re suspending our flights to and from [...]
Heathrow finally breaks post-pandemic record as chief steps down October 11, 2023 Heathrow Airport's passenger numbers surpassed pre-pandemic levels for the first time in September, marking a major milestone in its road to recovery.
The Notebook: Victoria Scholar on why holiday spirit isn’t enough to power airlines’ profits October 10, 2023 Where the City’s top thinkers get a few things off their chest. Today, Interactive Investor’s Victoria Scholar takes the pen. Holiday spirit not enough to power airlines’ profits Global airline capacity (number of seats offered multiplied by distance flown) is finally on track to restore its pre-pandemic levels, according to data from Circium, reported by [...]