Virgin accuses Heathrow of ‘abusing its power’ as British Airways weighs in on CAA decision to fix price cap March 8, 2023 A war of words has broken out between Heathrow Airport and major carriers Virgin Atlantic and British Airways, following the Civil Aviation Authority’s decision to fix the passenger price cap. The regulator confirmed the average maximum price per passenger will fall by about 20 per cent from £31.57 per passenger in 2023 to £25.43 per [...]
The City A.M. Awards: A glittering night in the Square Mile March 2, 2023 The great and the good of the Square Mile gathered at the Guildhall on Thursday night for the annual City A.M. awards – with Aviva boss Amanda Blanc walking away with the coveted ‘personality of the year’ award. Blanc’s award came at the end of an evening of celebrations and speeches – with the afterparty [...]
FTSE 100 close: Blue chip index sinks back into the red as IAG falls and Cineworld slumps February 24, 2023 The FTSE 100 sunk back to close at 7,878.66 down 29.06 points or (0.37 per cent down, ending the week on another subdued note. The FTSE 250, also closed lower at 19,696.53 or 93.96 down, or 0.47 per cent. This week’s close marked a sharp contrast with the previous where the FTSE 100 breached the 8,000 [...]
British Airways: Owner IAG shells out £352m to sweep up remainder of Spanish carrier February 24, 2023 British Airways’ owner International Airlines Group (IAG) will pay €400m (£352m) to Spanish firm Globalia for the remaining 80 per cent stake of its Air Europa carrier. IAG said the move will allow it to tap into the Latin America and Caribbean market as well as to increase ties to Asia. The owner of Britain’s [...]
Wizz Air named worst short-haul airline by UK passengers February 22, 2023 Wizz Air has been named the worst short-haul airline by UK passengers. Passengers surveyed by consumer group Which? gave the Hungary-based carrier one star out of five for boarding experience, cabin environment and seat comfort. The budget airline’s seat pitch – the difference between two rows in standard economy – is 28 inches, some two inches smaller [...]
Will Heathrow airport’s resurgence boost the profits of British Airways’ owner IAG? February 17, 2023 British Airways’ parent company is set to return to profit for the past year as it continues its turbulent recovery. International Consolidated Airlines (IAG), which also runs Spanish operator Iberia, will reveal its latest annual financial figures on Friday February 24. It comes amid early positivity in the sector, which has helped support a 30 [...]
London Heathrow back to its best? 5.4m passengers passed through in January as satisfaction soars February 13, 2023 More than 5.4m people travelled through London’s Heathrow airport this January, marking the busiest start to the year since 2020. Sharp upticks in travelers from Europe, North America, and the Asia Pacific region bolstered the London airport’s passenger figures to heights last seen before Covid-19, Heathrow said. The airport also saw customer satisfaction return to [...]
City A.M.’s Top Five: This week’s best read stories – 10 February February 10, 2023 The concept of the UK’s first official digital currency was something that interested City A.M. readers, while the idea of BA’s pedestal as the world’s favourite airline being kicked over also struck a chord. Just in case you missed them, here are the best read stories on City A.M. this week One: Could the UK [...]
Half-term holiday bonanza: Britons flock abroad with departures soaring 44 per cent February 9, 2023 Britons are capitalising on the first restriction-free February half-term in two years to flock abroad, according to new data. Figures released today by aviation analytics firm Cirium showed that departures during the coming half term are up 44 per cent on last year’s levels, as 15,455 flights are scheduled to take off from UK airports [...]
BA cancels 50 flights at Heathrow and London City TODAY as fog grounds airline February 7, 2023 British Airways has cancelled a raft of flights at London airports after a the thick layer of fog engulfed the capital. The legacy carrier has axed around 30 flights at Heathrow – between arrivals and departures – after a limit was imposed by air traffic control. While London City Airport was forced to ground or [...]