Regulator calls for air traffic control reform after Gatwick and Heathrow meltdown November 14, 2024 A report following the disastrous NATS air traffic control meltdown last year, has issued a series of recommendations, including possible legislation to prevent it reoccurring. The Civil Aviation Authority released its long-awaited review of the events of 28 August last year, which saw untold chaos with hundreds of thousands of Bank Holiday getaways ruined. Prepared [...]
London Heathrow Airport set for busiest year ever after record October November 11, 2024 London Heathrow airport is set to surpass its pre-pandemic passenger record after its busiest October ever saw seven million travellers use the airport. More than 7.2m passengers flew through Heathrow in October as the half term peak helped the airport to its sixth consecutive month of more than seven million passengers. “This year has been [...]
How the accounting watchdog is looking to unleash the City November 11, 2024 As Richard Moriarty gripped the sides of a podium and spoke freely from a sheet of bullet points at the London Stock Exchange in September, a warmth was stirring among certain City executives in the room. The tie-less career regulator, boss of the audit watchdog, the Financial Reporting Council, laid out his plans to shake [...]
Ryanair profit tumbles as prices fall and Boeing delivery delays hit capacity November 4, 2024 Ryanair’s half-year profit has fallen 18 per cent amid a dip in the average price of its ticket fares and ongoing Boeing delivery delays. The budget airline reported a post-tax profit of €1.79bn (£1.5bn), even as passenger demand reached a record 115m, up nine per cent year-on-year. Revenue increased one per cent to €8.58bn. However, [...]
Ryanair to cancel one in ten UK flights in 2025 after Budget tax hike November 1, 2024 Ryanair has revealed plans to cut flights to and from UK airports by 10 per cent in 2025. The low-cost airline has said it is making the move after Labour’s decision to increase the tax on airline tickets in the autumn Budget. Criticising the spending statement, Ryanair’s CEO Michael O’Leary said it has “damaged” UK [...]
Drama can upset Skelton big gun in the Old Roan October 22, 2024 SUNDAY’S Old Roan at Aintree (1.50pm) is another clear indicator that the Jumps season is firmly kicking into gear, as we regularly see some of the best jumpers around use the race to start their campaigns. The great Kauto Star began his magical 2006-2007 Gold Cup-winning season with victory in the event, but also managed [...]
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.
London Heathrow Airport: Record run continues as September traffic booms October 11, 2024 Heathrow's bullish performance comes as the West-London hub mulls whether to pursue its long-delayed expansion plans.
Boeing deliveries fall as strikes impact output October 8, 2024 Boeing said on Tuesday it had delivered 33 planes in September, down from 40 in August, as it grapples with the impact of ongoing strikes.
Socialists won’t stop my bumper bonus, says Wizz Air boss October 3, 2024 Varadi is blunt at times and tough to decipher, but his backstory is undeniably impressive. The 59-year-old speaks to City AM in Rome.