BA and Virgin Atlantic set to cash in as UK-US travel returns to pre-pandemic levels May 16, 2023 British Airways and Virgin Atlantic look set to cash in as departures from the UK to the US are set to return to pre-pandemic levels this month, new data shows. Departures from the UK to the US are set to hit 99 per cent of 2019 levels this month, according to new data from the [...]
Gatwick Airport grounds flights and shuts runway amid drone reports May 14, 2023 Incoming flights were suspended at Gatwick Airport for nearly an hour after reports of a drone near the airfield. It said 12 incoming flights had to be diverted to other airports because of the alert on Sunday. The airport previously cancelled or diverted around 1,000 flights between December 19-21 2018 because of drone reports. No [...]
Easyjet hopes for further profit boost as summer holiday bookings lift sector May 14, 2023 Easyjet is anticipating higher profit when it reports its half year results on Thursday, as the airline looks to benefit from the return of summer holiday bookings and higher ticket prices. The low cost carrier said that it expects to exceed full year profit expectations of £260m, with half year losses forecast to shrink to [...]
Heathrow vs airlines – dispute continues as parties given permission to appeal price cap May 11, 2023 Heathrow Airport and three major airlines have been granted permission to appeal the Civil Aviation Authority (CAA)’s decision on the Heathrow price cap this afternoon. The airlines, which are Virgin Atlantic, British Airways and Delta Air Lines, have been locked in a fierce dispute with Heathrow over the amount the airport can charge per passenger. [...]
Virgin Atlantic hits out at Heathrow ‘failings’ as high costs delay post-pandemic recovery May 10, 2023 Virgin Atlantic said today that challenges surrounding last years passenger cap at Heathrow and ongoing economic uncertainty affected its final year results, with the airline not expecting to return to profit in 2023. In its 2022 full year results, the airline highlighted “industry wide challenges,” such as July’s 100,000 passenger limit introduced at Heathrow and [...]
FTSE 100: IAG, BP and Shell guide index to cheery morning May 5, 2023 The FTSE 100 put on gains in early trading today, up more than 0.6 per cent an hour into Friday morning. Big gainers were BA-owner IAG, up more than 4 per cent after posting positive first quarter results this morning. And oil majors BP and Shell were also both happily in the green, building off [...]
Holiday Inn chief steps down as group sees bookings hike despite ‘economic tailwinds’ May 5, 2023 The chief of Holiday Inn owner International Continental Hotels (IHG) is to step down from the helm after nearly six years. Keith Barr, group chief executive officer of the global hotel chain will be succeeded by Elie Maalouf, who currently heads up its American operations. Barr has worked within the brand for almost 14 years, [...]
Share price taking off: BA-owner IAG reports post-Covid milestone May 5, 2023 British Airways and the wider IAG group saw positive first quarter results
Your Anti-Coronation Guide: unroyal things to do in London this weekend May 4, 2023 Things to do in London this weekend, from neon life drawing to final-chance theatre, bird watching and cool new Soho shopping If you’re wanting to know where to go to watch the Coronation on the big screen, we’ve got you covered. If you’re wanting to know where to go to celebrate the Coronation in the [...]
Jet-setting Brits ready for summer but it’s oil prices that could really take off May 2, 2023 Resurgent demand in the world’s most developed economies could prove to be a major tailwind for oil prices.