Brexit threatens London’s world beating tourism industry: Don’t let the capital become a museum May 24, 2016 Tourism is one of our biggest exports – and London is the most-visited city on earth. But the industry is worried that this world-beating ranking could be at risk if Britain cuts itself off from Europe. In fact, Europe is our biggest tourist market, with more than 60 per cent of visitors to the UK [...]
David Cameron and EasyJet boss Carolyn McCall to warn of Brexit’s impact on UK travel costs May 23, 2016 Prime Minister David Cameron will today highlight the potential increase in travel costs if Britain were to leave the European Union. The Prime Minister, who will be seen standing in front of a plane with EasyJet boss Carolyn McCall, is set to discuss the Treasury’s recent warning that leaving the EU would make Britain poorer [...]
Ryanair pledges to cut fares as it misses profit expectations following the affects of terrorist incidents and union strikes May 23, 2016 Budget airline Ryanair missed expectations in its full-year profits today as the impact of terrorist attacks on bookings and low oil prices began to take their toll. The figures Adjusted net profits came in at €1.24bn (£961m) for the 52 weeks to 31 March, a 43 per cent increase on the previous year, although this missed analysts' estimate of €1.3bn. [...]
Here’s what got us talking this week May 20, 2016 We had a glimpse of the future (at least as far as house prices are concerned) and found some of us would be in a fight to the end with robots. And we learned stress wasn't always a bad thing – which is just as well because it's not just prosecco that's getting more expensive just in [...]
EU referendum: Phone polls back Remain far more than online polls but contain too high a percentage of graduates, says YouGov May 20, 2016 The ability of phone polls to accurately predict the outcome of the EU referendum has been called into question by YouGov, which states they include too high a percentage of graduates. To give some context, there's been wide discrepancies between online and phone polling in the buildup to the vote, with phone polls putting Remain comprehensively ahead but online [...]
EU referendum: Ryanair extends “Fly Home to Vote Remain” sale in response to being accused of breaking election law and anti-bribery rules by Vote Leave May 20, 2016 Ryanair has doubled down on its offer of cheap flights back to the UK in order to encourage people to vote Remain after Vote Leave complained to the police about the campaign. Vote Leave, the designated Out campaign group, said that Ryanair's offer of cheap flights to expats who want to vote to remain in the [...]
EU referendum: Ryanair wants people to back Remain so much it’s offering cheaper flights home to vote on 22 and 23 June May 19, 2016 Ryanair has made no secret of the fact it is one in a vast number of companies that wants the UK to remain in the EU. But it turns out the company wants the UK to reject Brexit so desperately that it's going to be selling cheaper flights back to the UK on the 22 and 23 June [...]
Airline and holiday operators’ share prices fall in wake of missing EgyptAir MS804 flight May 19, 2016 Shares in airlines and holiday operators were suffering this morning in the wake of what appears to be another potential disaster involving a passenger jet. EgyptAir flight MS804 went missing overnight as it was travelling between Paris and Cairo, with 56 passengers and a further 10 crew and security members on board. Three of the people [...]
After it hosted a major Osborne speech, is Ryanair risking its own reputation by openly backing Remain? May 17, 2016 Michael Jacobides, associate professor of strategy and entrepreneurship at London Business School, says Yes. At a time of heightened political sensibility and populist bashing of “big business”, it feels risky for a corporation to take a clear stance on a key political debate. Brexit campaigners have already targeted Mark Carney for taking a view, despite [...]
British Airways could be about to charge for food on short-haul flights May 16, 2016 British Airways looks set to cave in to the pressure from low-cost airlines and start charging economy passengers for in-flight meals on its short-haul flights, according to reports this afternoon. The flag-carrier has clutched on to its in-flight perks as a key point of differentiation with the likes of Easyjet and Ryanair after the budget [...]