Soaring fuel costs hit profit at British Airways owner IAG Transport & Infrastructure British Airways owner IAG has taken a hit to its profit due to “very high” jet fuel prices, which industry bosses have warned could force some airlines into collapse next year. The London-listed firm, which also owns airlines Vueling and Aer Lingus, saw its pre-tax profit dip 16 per cent to €3bn in the nine [...]
Ryanair resorts to AI cost-cutting to swallow higher jet fuel costs Transport & Infrastructure Ryanair is set to use AI to improve productivity and freeze the pay of some of its staff as it grappes with a €2bn increase in fuel costs. Michael O’Leary, chief executive of the budget airline, said the energy costs facing European airlines will be “significantly higher next year,” because many of their fixed-price contracts [...]
Heathrow rejects calls to put affordability at heart of third runway debate Aviation Affordability should not be included in the scorecard that the government sets third runway developers, Heathrow’s operations chief has told MPs, rejecting industry concerns that costs could spiral after ministers rubber stamp a design. Helen Elsby, the chief solutions officer at Heathrow Airport Limited, said the project’s frontrunner was “absolutely aligned with the criticality of [...]
Abandoning third runway would be bad for UK, Istanbul airport boss warns October 14, 2026 The UK risks missing out on a “positive cycle in the economy” if it fails to approve Heathrow’s third runway, the boss of Istanbul airport has said, adding that a phased approach to development could help keep a lid on the mega-project’s eye-watering costs. Selahattin Bilgen, chief executive of Turkey’s iGA Istanbul Airport, told City [...]
Asos hackers claim responsibility for Air France-KLM data breach October 12, 2026 The group behind the hack of fast-fashion retailer Asos have claimed responsibility for a data breach of airline group Air France-KLM, City AM can reveal. The individuals who claimed responsibility for the Asos data breach, who call themselves Xuanye Group, last week circulated data which they claimed was obtained from the airline group. Air France-KLM [...]
British Airways defeats HMRC in £5.8m Heathrow cabin crew tax dispute September 29, 2026 British Airways has won a tax battle against HMRC over whether costs tied to cabin crew accommodation at London Heathrow Airport were subject to £5.8m in income tax and national insurance contributions. Following an appeal in June, the Upper Tribunal ruled in favour of the airline on Monday, dismissing the tax authority’s claim and finding [...]
Easyjet and British Airways criticise air traffic control operator on fresh flight chaos September 21, 2026 Easyjet and British Airways have questioned the resilience of the UK’s air traffic control system as British airports face another day of delays and disruption following a system failure earlier this month which grounded more than 2000 flights across the country. The two airlines and Jet2 have said the disruption raises questions over the system [...]
Ryanair warns soaring jet fuel prices could topple rival airlines September 2, 2026 Ryanair has warned that the price of jet fuel could soar next summer, threatening some of its European competitors with collapse. The budget airline said it has taken emergency measures to protect itself from the higher jet fuel prices caused by the Iran war, trimming its passenger targets from 216m to 214m for this year. [...]
Gatwick takes ‘significant’ passenger hit from Iran war August 26, 2026 Gatwick has suffered a “significant” decline in passenger numbers as a result of the Iran war after airlines cancelled flights to the region and holidaymakers swerved destinations like Cyprus, Greece and Turkey. The UK’s second-biggest airport saw total passenger numbers drop by nearly five per cent because of the Middle East conflict, weighing on revenue [...]
Tui hit by Middle East travel chaos and rising fuel costs August 12, 2026 Tui has suffered a slip in earnings at its airlines business as the Iran war continues to wreak havoc on global tourism routes and spike fuel prices. The Frankfurt-listed group, which is the world’s largest travel and tourism firm, swung to a €17m loss in its airlines arm in the six months to June, reversing [...]