ITA Airways in search for partner ‘to put money on the table’ January 12, 2022 Italian carrier ITA Airways is searching for a partner to ‘put money on the table’ and invest in the newly born airline. Speaking at a parliamentary hearing, ITA Airways’ chairman Alfredo Altavilla said Alitalia’s successor is already in talks with European and overseas potential partners and it is expected to seal the deal by June, [...]
British Airways axes hundreds of flights following booking slump January 12, 2022 British Airways (BA) has reportedly scrapped three flight routes, axing hundreds of flights until the summer. Routes from London Heathrow to US destinations such as Nashville, New Orleans and Baltimore were cancelled as a result of a Covid-induced slump in bookings, the Sun first reported. Flights to New Orleans will end on 15 January while [...]
London markets dip as investors pour out of housebuilders January 10, 2022 London markets dipped today driven by investors pouring out of housebuilders after the UK government signalled it will clamp down on them shunning fixing Britain’s cladding crisis. The capital’s premier FTSE 100 index closed 0.53 per cent lower at 7,445.25 points, while the mid-cap FTSE 250 index, which is more aligned to the health of [...]
Gatwick Airport diverts flights after control tower hit by IT problems January 6, 2022 Gatwick Airport has diverted a number of flights after IT issues in its air traffic control tower earlier today. A spokesperson for the Surrey-based airport said IT issues this morning had resulted in three diverted flights. “We continue to experience delays with both arrivals and departures, and are working to fully resolve this as soon [...]
London markets open flat as travel sector rally loses steam January 5, 2022 London markets posted a mixed performance yesterday as a rally among travel and airline stocks lost some steam. The capital’s premier FTSE 100 index closed 0.16 per cent higher at 7,516.87 points, while the mid-cap FTSE 250 index, which is more aligned to the health of the UK economy, lost 0.53 per cent to finish [...]
London markets soar on first session of 2022 January 4, 2022 London markets soared today during the first trading session of the new year as investors take an optimistic view on Omicron. The capital’s premier FTSE 100 index shot up 1.63 per cent to close at 7,505.15 points during the first hour of trading, while the mid-cap FTSE 250 index, which is more aligned to the [...]
FTSE 100 edges lower as investors dump housebuilders December 30, 2021 London’s premier index edged lower today driven down by investors selling off real estate stocks despite fresh data released today showing UK house prices are rising at the fastest pace since before the financial crisis. The capital’s premier FTSE 100 index closed 0.24 per cent lower at 7,403.01 per cent, while the mid-cap FTSE 250 [...]
Mayday: Year from hell in aviation as empty flights crash-land by staggering 71 per cent from pre-pandemic levels December 29, 2021 Covid-related travel restrictions led to a 71 per cent reduction in the number of international flights to and from UK airports this year compared with pre-pandemic levels, new analysis shows. Aviation analytics firm Cirium said around 406,060 international flights served UK airports during 2021 up to December 22, compared with 1,399,170 in the pre-pandemic period [...]
Best of 2021: Why UK airlines are at odds with Heathrow December 27, 2021 The Civil Aviation Authority (CAA) managed to upset both airlines and Heathrow on 16 December when it confirmed the interim price cap which will be implemented at the London hub from 1 January. From the current £19.60 the charges will go up to £29.50 in 2020 prices, amounting to £30.19 per passenger because of the [...]
Best of 2021: Why Saudi Arabia bought Newcastle United December 27, 2021 In this article, originally published in October, sports business expert Professor Simon Chadwick explains the strategic background to the takeover of Newcastle United by a consortium headed by Saudi Arabia’s Public Investment Fund – and why it about much more than football. After years of speculation, prevarication and consternation, Saudi Arabia has at last sealed [...]