Not so easy yet: Budget airlines far from recovered as number of passengers keeps on dropping February 2, 2022 Two of London’s main budget airlines showed that they have far from recovered from the Covid-19 pandemic, as the number of passengers they carried dropped in January. Even when compared to Omicron-hit December, the airlines said that they had lost 2.7m passengers between them. Ryanair was the worst hit in January when compared to the [...]
British Airways extends Loganair partnership in domestic offer ramp-up February 1, 2022 British Airways’ (BA) passengers from today will have access to 38 of Loganair’s routes, following the companies’ decision to expand their codeshare agreement. Under the extended partnership, customers will be able to book onward connections from destinations across the Loganair’s network, including Derry to London and Liverpool or Exeter to Edinburgh, Glasgow and Newcastle. To [...]
Let them eat free snacks: British Airways brings complimentary food and drinks back January 31, 2022 British Airways (BA) has decided to reintroduce complimentary food and drinks aboard its short-haul flights after removing them as part of a cost-cutting policy that was set up six years ago. “You’ve told us you appreciate the complimentary water and snacks we’ve been offering on short-haul flights in our Euro Traveller cabin, so we’ll be [...]
Heathrow trims 2022 revenue forecast following CAA interim airfare price January 28, 2022 Heathrow has decided to reduce its revenue forecast for 2022 following the Civil Aviation Authority’s (CAA) decision to set the airport’s interim airfare at £30.19. In an investor report update published this morning, the hub explained 2022 revenue forecasts would now station at £2.2bn, down by £307m from the initially expected £2.5bn. Heathrow’s adjusted EBITDA [...]
BA owner IAG lures Nicholas Cadbury away from Whitbread for CFO job January 27, 2022 Nicholas Cadbury, finance director at hotel and restaurant giant Whitbread, will join British Airways’ owner IAG as chief financial officer on 21 March. The news, confirmed this morning, was first announced in October after the current chief financial officer Steve Gunning decided to step down. “It has been a wonderful experience to be involved in [...]
City Moves: Who’s switching jobs in the Square Mile this week? January 27, 2022 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. Brewin Dolphin Brewin Dolphin has promoted its current investment director to lead the wealth manager’s market analysis. Janet Mui will play a crucial role in the investment solutions team and will be responsible for the delivery of external macro views [...]
London markets fly out of the blocks as travel stocks surge January 26, 2022 London markets flew higher yesterday driven higher by travel and leisure soaring on booking volumes climbing. The capital’s premier FTSE 100 index closed 1.33 per cent higher at 7,469.78 points, while the domestically-focused FTSE 250 index, which is more aligned to the health of the UK economy, climbed 1.05 per cent to finish at 21,873.08 [...]
Former IAG boss Wille Walsh condemns Airbus-Qatar Airways row January 25, 2022 Willie Walsh, former boss of British Airways’ owner IAG and now at the helm of the International Air Transport Association, has condemned the ongoing row between Airbus and Qatar Airways. Weighing in on Airbus’s decision to revoke Qatar Airways’ order of 50 A321 planes, Walsh said it was a “new and worrying development,” telling Reuters [...]
Santorini: How to escape the crowds at Europe’s top destination January 25, 2022 The weekend: Famous for its vivid sunsets, Santorini is now one of the most popular destinations in Europe. A volcanic island said to have inspired the legend of Atlantis, its black sand beaches, blue-domed churches and brilliant white buildings tumbling down the cliffside make it paradise for honeymooners, Instagrammers and Greek island hoppers. Though just [...]
Airlines to run more flights this summer to keep hold of coveted take-off slots January 24, 2022 Airlines will be forced to run more flights this summer, no matter their passenger numbers, in a bid to keep hold of coveted take-off and landing slots. Carriers must use their flight slots at least 70 per cent of the time, transport secretary Grant Shapps has announced, up from at least 50 per cent of [...]