Tube, train, bus and taxi strikes: London is worse than Paris for industrial action in 2015 September 29, 2015 If it seems like there's been a summer of strikes across London's transport this year, you're not half wrong – there's been more disruption to Londoners' travel from action this year than even the commonly strike-plagued Paris. The capital has (so far) experienced an entire week's worth of chaos, while over in Paris, just five [...]
Ryanair investors will reap €400m in spoils from sale of Aer Lingus September 25, 2015 Ryanair announced at its AGM yesterday it would be sharing the €398m (£293m) spoils from the sale of its Aer Lingus stake with shareholders. Ryanair agreed to sell its 29.8 per cent stake in the Irish airline to International Airlines Group, which owns British Airways and Iberia, this summer. The budget airliner also said it [...]
Miners come up gold for FTSE 100 as London rallies – London Report September 10, 2015 Asian market gains helped the FTSE to rally yesterday for a third straight session – also boosted by encouraging corporate news from mining companies and financial firms. The FTSE 100 index was up 1.4 per cent at 6,229.01 points at its close, still around 12.6 per cent off April’s record high, after uncertainty over China’s [...]
Ryanair’s share price jumps 10 per cent as it raises profit forecast 25 per cent after discovering being nice to customers can really pay off September 9, 2015 Ryanair's share price leaped 10 per cent on the open this morning after raising its full year profit guidance by 25 per cent, as its bid to win over customers with an improved service takes off. The budget airline said full year net profit would now come in between €1.175bn and €1.225bn, up from previous [...]
Lufthansa firm as 1,000 flights stay on tarmac September 9, 2015 LUFTHANSA, the German airliner has cancelled around 1,000 flights today after a pilot strike was extended from long-haul flights to medium- and short-haul flights. Europe’s largest airline operator said that around 140,000 passengers will be affected as some of the medium- and short-haul aircraft fly up to eight times a day. Yesterday’s strike, the 13th [...]
Lufthansa to cancel 1,000 flights tomorrow as pilots extend strikes September 8, 2015 German airline Lufthansa will cancel 1,000 flights tomorrow, after the pilot strike was extended into a second day and ramped up a notch. Lufthansa said its pilots' union broadened strike action from long-haul flights to medium- and short-haul services, meaning around 140,000 passengers will have to endure cancellations tomorrow. But it said 500 flights will still run, [...]
Leading equity analysts back Wizz Air with a ‘buy’ rating September 3, 2015 LOW-COST carrier Wizz Air received a boost yesterday when both Investec and UBS started coverage of the company with “buy” ratings. “The leading low-cost carrier in Central and Eastern Europe [CEE] is set to outperform peers in terms of passenger and profit growth due to its highly attractive network anchored in a high growth region,” [...]
Dublin Airport closed, all flights including Aer Lingus, Ryanair, Lufthansa suspended as firefighters tackle huge fire in hangar August 26, 2015 Flights have resumed at Dublin Airport with severe delays, after a huge fire broke out in one of the hangers All flights were suspended for around two hours while fire crew attend to the blaze, which has now been contained. Incoming planes were diverted to Shannon and Belfast. The fire broke out shortly [...]
Ryanair to appeal against court ruling allowing passengers to claim delay compensation after two years August 21, 2015 Ryanair will appeal against a court ruling that would allow passengers six years to claim money back from the airline if their flight is delayed. The Manchester County Court earlier today ruled that the low-cost airline could not impose a two year limit on passengers making a claim for flight delay compensation. Read more: Ryanair [...]
Lost cost airline Norwegian will offer £179 flights from London to Boston August 19, 2015 If the price of travel to the States was putting you off, fret no more. You will soon be able to travel to the city of the Boston Celtics and sitcom Cheers for just £179. Norwegian, a low cost airline, will be offering four flights a week from Gatwick to Boston from May 2016, the [...]