American Airlines share price rises three per cent as it beats expectations helped by cheaper fuel as a result of weak oil price July 22, 2016 Shares in American Airlines were up by over three per cent in early US trading after the carrier reported a better-than-expected profit in the three months to 30 June, boosted by lower fuel prices. Net income plunged 44 per cent to $950m (£726m) as provisions for income tax surged to $543m from $15m, and excluding exceptional items, [...]
London travel watchdog calls for action on Southern Rail July 22, 2016 London TravelWatch has called for an independent review of the Southern Rail franchise, after the train company slashed the number of services it provides. The independent travel watchdog, which is funded by the London Assembly, said it was greatly concerned "about the continuing poor performance and unreliability that Southern Rail passengers are facing". London TravelWatch [...]
These are the most complained about airlines July 22, 2016 The worst offending airlines and airports of the year have been revealed, and you guessed it, easyJet and Ryanair have topped the charts. The internal data from EUclaim showed the most complained about British airlines, revealing the number of people seeking compensation against Ryanair has more than doubled in the last year. During the period [...]
Heathrow boss says Brexit means airport expansion plans need to move forward as company reports revenue grew to £1.3bn in first half of 2016 July 22, 2016 Heathrow boss John Holland-Kaye today said expanding the west London airport will give Britain the post-Brexit boost it needs, as the company reported revenue and profit grew in the six months to 30 June. Revenue was up one per cent to £1.32bn, from £1.31bn in the same period of 2015, while pre-tax profit jumped 8.7 [...]
As Tesla unveils plans for a “solar-roof-with-battery product”, will Elon Musk’s company make money any time soon? July 22, 2016 James Hind, chief executive of Carwow, says Yes. Tesla has built a highly desirable brand, as shown by the huge number of pre-orders for the Model 3. Demand for its cars will therefore be strong – even if other manufacturers manage to rival its electric technology. The company is spending a lot on setting up supply, [...]
Easyjet revenue dips in third quarter despite passenger number growth July 21, 2016 Easyjet said today that June's Brexit vote, as well as recent events in Turkey and the truck attack in Nice, had hit consumer confidence and contributed to a "difficult" trading environment. And the company also said that trading prospects were so uncertain that it would be impossible to give a profit forecast. Shares in the company [...]
Eurotunnel’s share price drops after profit warning July 20, 2016 Eurotunnel has warned over its earnings this year and next after the pound's rapid plunge in the wake of last month's Brexit vote. The Channel Tunnel operator said its 2016 objective of €560m (£469m) in earnings before interest, taxation, depreciation and amortisation (Ebitda) was now €535m due to a change in the exchange rate. Meanwhile, its [...]
Volkswagen shares jump on surprise trading update showing operating result ahead of expectations July 20, 2016 Motor manufacturer Volkswagen boosted its share price today with an ad-hoc trading update containing positive profit news. The company said its operating results before special items is "significantly higher than market expectations for the first half of 2016" at €7.5bn (£6.3bn), "despite the ongoing economic impact from the diesel issue". Volkswagen was engulfed in scandal last [...]
Sadiq Khan urges Transport for London to take “immediate control of Southern Rail” until problems are resolved July 20, 2016 Transport for London should take immediate control of Southern Rail until problems on its lines are resolved, the mayor of London has said. Sadiq Khan has come out today to voice concern over the service and state he urgently wants to put a top TfL team in charge of failing Govia Thameslink Railways' Southern franchise. [...]
Rail lines reopen at Forest Hill after sinkhole is fixed July 20, 2016 Rail lines have reopened at Forest Hill station in South London, after two days of travel disruption due to a sinkhole under the tracks. Southern Rail said lines were open again but some train services have been "short formed due to stock displacement" – meaning there may be less seats for commuters. The sinkhole opened [...]