British Airways vows to challenge near £1m fine by US govt over refunds for cancelled pandemic flights June 2, 2023 British Airways has been fined almost £1 million by the US government over claims it failed to pay refunds for cancelled flights. The US Transportation Department said in a legal document the airline did not “provide timely refunds to passengers” for abandoned or rescheduled flights to and from the country during the coronavirus pandemic. British [...]
Why Lufthansa’s stake in Alitalia successor ITA could signal a wave of European consolidation June 2, 2023 Lufthansa’s purchase of a minority stake in Italy’s loss-making ITA Airways injects fresh momentum into a wave of consolidation in Europe’s fragmented aviation market that could see more mid-tier national carriers snapped up. The German group will be judged on whether it can make the successor business to Alitalia profitable in coming years, potentially setting the scene [...]
Ryanair: Irish eyes are smiling as airline nears passenger milestone June 2, 2023 Ryanair is closing in on a 40 per cent year on year passenger number increase, with a bumper May leaving 2023 up 39 per cent on the first five months of last year. Fears that aviation would be permanently smaller due to the Covid-19 pandemic appear to have played out in business travel but the [...]
Heathrow: Half-term hell for families as British Airways cancellations hit 175 May 26, 2023 Half-term holiday plans for thousands of families have been thrown into disarray after British Airways’ flight cancellations due to an IT failure reached 175. Most of the affected flights were on short-haul routes to and from Heathrow Airport. British Airways said the “technical issue” was resolved on Thursday night, but disruption continued into Friday because [...]
Half-term havoc as British Airways cancel 175 flights following IT glitch May 26, 2023 Half-term holiday plans for thousands of families have been thrown into disarray after British Airways’ flight cancellations due to an IT failure reached 175. Most of the affected flights were on short-haul routes to and from Heathrow Airport. British Airways said the “technical issue” was resolved on Thursday night, but disruption continued into Friday because of aircraft [...]
FTSE 100 close: A stable end to a miserable week May 26, 2023 London’s FTSE 100 showed tentative signs of recovery on Friday, after a turbulent week that saw numbers from the Office for National Statistics reveal far higher levels of inflation, all but sealing further interest rate hikes. The blue-chip index started higher before settling in flat, and then closing at 7,627, up 0.74 per cent, helping [...]
Heathrow: BA IT issues set to cause cancellations and delays today May 26, 2023 British Airways has apologised after an IT issue caused the cancellations of domestic and European flights on Thursday, as Britain heads into the Bank Holiday weekend. There were more than 50 cancelled British Airways flights departing Heathrow on Thursday with the airline urging passengers to check their flight status before going to the airport on [...]
Airlines are so high up the pyramid of capitalism they no longer compete on price May 24, 2023 Airlines don't seem to care about fighting for the cheapest flights anymore.
London set to be home of new transatlantic carrier Global as soon as next year May 23, 2023 A team of successful investors are preparing the launch of a new transatlantic airline based out of London, City A.M. has learned, with one Airbus jumbo jet already purchased. The investors behind Holiday Swap, the travel platform valued at more than £300m, and the firm’s founder James Asquith are thought to have as many as [...]
Easyjet’s rising cost base could delay long-awaited share price takeoff May 18, 2023 Easyjet’s dreams of share price take off, caused by a recent uptick in demand, could be held back by soaring fuel costs and inflation as the airline saw group costs increase to £3.1bn this morning. The low cost carrier reported a revenue increase of 80 per cent to £2.7bn in its half year results, but [...]