Will the buyout of Thomas Cook’s 555 high street stores take off? October 9, 2019 At 11.53pm on Tuesday night, the directors of family-owned Sunderland-based holiday firm Hays Travel clinched what is surely the biggest coup of their careers: buying Thomas Cook’s entire collection of high street stores. They appear to have timed their move well. Although owners John and Irene Hays wouldn’t tell reporters the price yesterday, they have doubtless [...]
Easyjet share price dips despite profit on track to hit £430m October 8, 2019 Easyjet today predicted it will hit upper profit guidance of up to £430m for its full year, despite rising costs. The airline said profits would hit between £420m and £430m in profit before tax in a trading update today, just off its £440m upper range prediction. Read more: COO comes in as Easyjet hails ‘robust’ [...]
British Airways lost 300,000 passengers in September amid pilot strikes October 7, 2019 British Airways lost more than 300,000 passengers throughout September, as recent strikes forced it to cancel more than 2,000 flights. The airline suffered an eight per cent decline in passenger numbers last month to 3.85m people. Read more: IAG issues profit warning after British Airways strikes That was down from 4.19m during the same period [...]
Ryanair ‘saving millions’ in unclaimed compensation October 4, 2019 Ryanair quit an aviation complaints body after being forced to pay more than £3.6m in handling fees and compensation last year. The move could save the budget airline millions but may cause problems for passengers trying to claim money back for flight delays or cancellations. Read more: Ryanair threatening to remove pilot perks over strikes [...]
Sun, sea and skint Spaniards: Spain plans up €300m tourism rescue package after Thomas Cook collapse October 3, 2019 Spain is preparing a $300m rescue package for its tourism industry, after the collapse of Thomas Cook is said to have left bars deserted and beaches empty at its holiday hotspots. The country’s tourism minister said the cash would be split across 13 different measures, including a credit line for companies struggling to cope. Read [...]
Ryanair boss Michael O’Leary says package holiday market ‘is over,’ weeks after Thomas Cook collapse October 1, 2019 Ryanair’s chief executive has taken a swipe at the package holiday industry, weeks after the firm that effectively founded it, Thomas Cook, went bust. Michael O’Leary, the budget airliner’s longstanding and often outspoken boss, said the market “is screwed, it’s over”. Read more: FRC watchdog probes EY audit of Thomas Cook accounts Ryanair cut its [...]
IAG issues profit warning after British Airways strikes September 26, 2019 British Airways owner IAG today slashed its 2019 profit guidance after recent strikes forced it to cancel more than 2,000 flights. International Airlines Group warned that adjusted operating profit will fall €215m (£190m) below last year’s €3.49bn. Read more: Ryanair threatens to remove pilot perks over strikes, says union It estimated that Balpa’s strike action [...]
Passenger growth at Southend airport helps Stobart Group make ‘considerable progress’ September 25, 2019 Stobart Group has said it is trading in line with expectations and has made ‘considerable progress’ during the first half of the year. The aviation, energy and civil engineering group suffered a bruising boardroom battle last year, resulting in the ousting of former boss Andrew Tinkler. Read more: Eddie Stobart confirms takeover interest from Andrew [...]
Airlines accused of price gouging after Thomas Cook collapse September 24, 2019 Airlines have been accused of exploiting the demise of rival Thomas Cook after passengers complained of a huge increase in prices. Holidaymakers looking to book future trips have complained of a surge in fares on the same routes served by the collapsed travel firm. Read more: Thomas Cook: Former workers will not receive pay packets [...]
Thomas Cook collapse: Assets under the hammer as liquidators move in September 23, 2019 Collapsed airline Thomas Cook will be sold as a whole or in parts after it went into liquidation this morning, the firm’s second largest shareholder has said. Neset Kockar, boss of Turkish holiday group Anex Tour, owned a near-eight per cent stake in the travel giant when it went under. Read more: Tui share price soars [...]