Keep airlines’ record $1trn revenue in perspective, says former British Airways chief December 10, 2024 The global airline industry is expected to make $1trn (£783.7bn) in revenue for the first time in its history next year, as passenger demand continues to break records in the post-Covid era. The International Air Transport Association (IATA) on Tuesday forecast annual traffic would reach another all-time high of around 5bn, despite supply chain issues [...]
Airlines battle for a slice of the Arctic – who stands to gain? December 10, 2024 Demand for Arctic travel is booming, driven by attractions such as the Northern Lights. Who stands to gain?
Bad Gastein: Skiing with a touch of belle époque glamour December 2, 2024 They say first impressions matter, and my goodness, Bad Gastein certainly makes a great first impression. When approaching the resort, visitors are met with what at first glance, looks like a Wes Anderson film set. A spectacular cliff amphitheatre is crowned by elegant and imposing turn of the century palaces and hotels. As our taxi [...]
Why Virgin Atlantic boss won’t meet British Airways chief alone November 25, 2024 The boss of Virgin Atlantic has revealed the legacy of the dirty tricks scandal in the early 1990s will mean he will never meet his British Airways counterpart alone. Shai Weiss has said that while he has “professional respect” for Sean Doyle, he remains cautious and does “not want to get caught out”. Three decades [...]
What happened at the poshest event in Monaco November 11, 2024 Arriving in Monaco, a magnet for the rich and glamorous and the second smallest country in the world, I was struck by the tones of the buildings: an enticing blur of apricot, peach and sand. Famed for fast cars due to international races like Monaco Grand Prix and Monaco ePrix, it is a country of [...]
IAG shares surge as British Airways owner launches new buyback November 8, 2024 IAG shares jumped 7.5 per cent in early deals this morning after the British Airways owner unveiled its third-quarter results for the three months to 30 September today. The company reported an increase in total revenue for the period of 7.9 per cent and an increasing operating profit of 15.4 per cent to adjust over [...]
Rolls-Royce holds guidance but warns on supply chain November 7, 2024 The FTSE 100 firm is expecting underlying operating profit of between £2.1bn to £2.3bn, and free cash flow of £2.1bn to £2.2bn.
25% off for 25 years: British Airways Marks its Silver Anniversary at London City Airport with 25% off Flights and the Hospitality Industry Joins to Celebrate November 5, 2024 British Airways today marks 25 years of flying the UK flag to and from London City Airport. To mark this milestone, customers can enjoy up to 25% off selected winter city break routes such as Amsterdam, Rotterdam, and Nice together with 25% off London hotel stays. Customers booking flights before 11 November 2024, and travelling [...]
Sir Rocco Forte leads 300 business leaders in call to scrap ‘spectacular own goal’ tourist tax October 21, 2024 Over 300 business leaders have signed a letter asking Chancellor Rachel Reeves to reinstate tax-free shopping in the UK, calling the so-called tourist tax a “spectacular own goal” for retail. The signatories, which include hotelier Sir Rocco Forte, Paul Smith, Heathrow, John Lewis and Shakespeare’s Globe, have said that if Reeves is serious about promoting [...]
Wizz Air, Easyjet and IAG: Short sellers circle London-listed airlines October 14, 2024 Five short sellers have taken out positions against the three major airlines that hold listings on London's FTSE 100 and FTSE 250 indexes.