Donald Trump’s UK state visit: What the US President’s itinerary looks like June 3, 2019 President Donald Trump and First Lady Melania Trump arrived in London shortly before 9am on Monday, 3 June for Trump's UK state visit. Over the next three days Trump will meet the Queen along with other royals including the Prince of Wales and Prince Harry, before a round of political talks with Prime Minister Theresa May and [...]
Air body Iata slashes global outlook by a fifth as trade wars and fuel prices bite June 2, 2019 The head of a body which represents nearly 300 global airlines has heralded the end of boom and bust while slashing his outlook for the industry by more than a fifth. The International Air Transport Association (Iata) said it expects airlines’ combined profit to fall to $28bn (£22bn), over 21 per cent below a December [...]
Wizz Air profits rise as it expects higher fuel costs to push up 2020 earnings May 31, 2019 Wizz Air’s profit margin was squeezed in its latest financial year despite posting record profit today as revenues soared, and predicting more good times to come as rivals fall by the wayside. The figures Wizz Air saw profit grow six per cent year on year to hit €292m (£257.9m) in the 12 months to the [...]
London Stansted is the UK’s worst airport for flight delays May 28, 2019 Flights departing from UK airports were subject to delays of an average of 16 minutes last year, with London Stansted airport topping the list. Read more: Heathrow Airport sees April passenger numbers soar to 6.8m Planes leaving Stansted airport were delayed by 25 minutes on average in 2018, an analysis of Civil Aviation Authority data [...]
Airline and travel stocks take a hit following Ryanair profit drop May 20, 2019 Airline and travel stocks have taken a tumble following Ryanair's profit slide, which it blamed on Brexit uncertainty and stuff competition in Europe. Holiday firm Tui is the biggest faller on the FTSE 100 today, with its shares down 3.79 per cent at the time of writing. Easyjet shares were down just over two per [...]
Ryanair shares drop as profits suffer 30 per cent hit on falling ticket prices May 20, 2019 Irish budget airline Ryanair said today its full year profit fell 29 per cent year on year to €1.02bn (£890m), blaming a fall in fares and issuing a "cautious" warning on profit for the year to come. Shares fell nearly six per cent to hit €10.16 in early trading. The figures The airline said traffic grew [...]
Fuel and currency costs hit profit at British Airways owner IAG May 10, 2019 Profits shrank at British Airways’ owner in the first three months of the year as fuel costs and other headwinds hit the airline, it revealed today. But shares rose as International Airlines Group (IAG) said full-year profits would replicate 2018’s success, when income rose almost 10 per cent to €3.2bn (£2.76bn). Read more: British Airways [...]
Airline passengers face new ticket fee to cover cost of carrier collapses May 9, 2019 Airlines have hit out at proposals to charge passengers an extra 50p to pay for the cost of repatriating travellers who have been stranded following a carrier collapse. The government's insolvency review, which was set up by the Department for Transport (DfT) following the collapse of Monarch in 2017, has suggested the UK set up a "flight protection [...]
Budget airlines Ryanair and Wizz Air report soaring passenger numbers in April May 2, 2019 Budget airlines Ryanair and Wizz Air both boosted passenger numbers last month Ryanair Group’s traffic was up 10 per cent to 13.5m passengers compared to April last year while Wizz Air saw passenger numbers rise to 3.28m, an increase of 19 per cent. Read more: Ryanair traffic soars despite challenging results In April Wizz Air [...]
Southend Airport eyes 2.5m passenger target this year amid growth spurt April 29, 2019 London Southend Airport owner Stobart Aviation has set its sights on reaching 2.5m passengers this year and 5m by 2023, in a move that would take it closer to its rival London City Airport (LCA). Southend Airport, which grew nearly 40 per cent last year, said the addition of EasyJet and Ryanair, which started flying from [...]