British Airways: Owner IAG shells out £352m to sweep up remainder of Spanish carrier February 24, 2023 British Airways’ owner International Airlines Group (IAG) will pay €400m (£352m) to Spanish firm Globalia for the remaining 80 per cent stake of its Air Europa carrier. IAG said the move will allow it to tap into the Latin America and Caribbean market as well as to increase ties to Asia. The owner of Britain’s [...]
Heathrow narrows losses to £1.3bn thanks to travel bounce back February 23, 2023 Heathrow Airport narrowed its losses sharply in 2022 amid a bounce back in travel demand, but said results were weighed on by surging cost pressures and lower passenger numbers. The group reported underlying pre-tax losses of £684 million for last year, against losses of £1.3 billion in 2021. It said no dividends were paid in [...]
London Heathrow back to its best? 5.4m passengers passed through in January as satisfaction soars February 13, 2023 More than 5.4m people travelled through London’s Heathrow airport this January, marking the busiest start to the year since 2020. Sharp upticks in travelers from Europe, North America, and the Asia Pacific region bolstered the London airport’s passenger figures to heights last seen before Covid-19, Heathrow said. The airport also saw customer satisfaction return to [...]
Qatar interested in buying Manchester United – but bidders won’t be PSG owners Qatar Sports Investments February 9, 2023 The Qatar Investment Authority is interested in buying a stake in Manchester United and has not ruled out a full takeover. QIA, which owns Harrods as well as significant shareholdings in Heathrow Airport and Sainsbury’s, has not made an offer for United yet. But it is one of the Qatari parties mulling an offer to [...]
BA cancels 50 flights at Heathrow and London City TODAY as fog grounds airline February 7, 2023 British Airways has cancelled a raft of flights at London airports after a the thick layer of fog engulfed the capital. The legacy carrier has axed around 30 flights at Heathrow – between arrivals and departures – after a limit was imposed by air traffic control. While London City Airport was forced to ground or [...]
End of an era: Heathrow’s ‘extraordinary’ boss John Holland-Kaye to step down February 2, 2023 John Holland-Kaye is stepping down as Heathrow chief executive later this year, it has been announced. Holland-Kaye, who has been at the London airport’s helm since 2014, will stay in place until a replacement is found. The reasons behind his decision have not been revealed and the airport has declined to elaborate further on his [...]
Virgin Atlantic and British Airways-owner slam Heathrow price cap hike January 31, 2023 Virgin Airlines and British Airways’ owner IAG have slammed the Civil Aviation Authority’s (CAA) decision today to hike Heathrow’s price cap. The regulator announced the hike this morning, raising the cap for 2023 to £31.57 per passenger, up from £30.19. The aviation watchdog said the decision will “protect consumers and give certainty to the airport [...]
British Airways cancels 80 flights TODAY as freezing fog grounds Heathrow airlines January 23, 2023 Airlines have been forced to cancel dozens of flights as freezing fog engulfed Heathrow Airport this morning. Last night the west London hub told airlines such including British Airways (BA) that they would need to cut 15 per cent of their scheduled flights as a result of poor visibility. British Airways said it was working [...]
Wealthy nations should pay more for low-emission air travel, Heathrow boss tells Davos elites January 17, 2023 Wealthy nations should pay more for low-emission air travel, Heathrow’s boss John Holland-Kaye told business and political leaders gathered in Davos today. “The wealthy people in this room and the wealthy nations should be funding the energy transition in aviation,” Holland-Kaye said, speaking at an event on the future of travel at the World Economic [...]
Heathrow uranium incident: Police arrest man under terror laws after traces found in cargo January 15, 2023 A man has been arrested under terrorism laws after traces of uranium were found in a cargo package at Heathrow Airport, police said. Border Force officers found the radioactive material with a shipment of scrap metal on December 29 which, according to the Sun newspaper, had originated in Pakistan and was bound for Iranians in [...]