Boeing crisis: 737 Max grounding cuts global airline seats by 40m August 7, 2019 The grounding of Boeing’s 737 Max means at least 40m fewer aircraft seats will be available this summer. Aviation regulators across the globe grounded the jet in March after two crashes triggered by a faulty anti-stall system killed 346 people. Read more: Boeing takes $4.9bn hit on 737 Max groundings to compensate airlines Boeing hopes [...]
European Commission fines British Airways £90m for its role in an air cargo cartel March 17, 2017 British Airways is to be fined €104m (£90m) by the European Commission for its role in a major price-fixing scandal dating back to 1999. Some 11 airlines will be fined a total of €776m for their role in a cartel to fix fuel and security charges on flights to and within the European Economic Area between [...]
Inmarsat share price rockets after announcing landmark tie-up with British Airways March 8, 2017 Inmarsat shares jumped over six per cent this morning after announcing a landmark tie-up BA that it is to be the first airline to provide high speed in-flight broadband to customers. The satellite firm also revealed it had grown group revenue and earnings over the last year, although bottom line figures fell. The figures Group revenue [...]
Passenger numbers have quadrupled at British Airways’ regional airline business in 10 years March 6, 2017 The number of customers using British Airways' regional airline business BA CityFlyer has quadrupled since its creation 10 years ago. British Airways is celebrating the 10th anniversary of its regional airline subsidiary, which was launched on 5 March 2007. Adam Carson, BA CityFlyer's managing director, said: "Initially a business-based airline we listened to what our [...]
Storm Stella has hit airline share prices (including British Airways owner IAG) March 14, 2017 With Storm Stella blowing an icy blizzard on the East Coast of the United States, New Yorkers have battened down the hatches – along with airlines, which cancelled thousands of transatlantic flights today, hitting their share prices hard. On this side of the pond, International Airlines Group, the parent company of British Airways, Iberia and [...]
Listen up: Sideways 6 helps you hear your staff’s great ideas November 19, 2018 There are lots of reasons you might not be happy with your job. Maybe you don’t like the work itself, or your colleagues? Perhaps the requests of your clients (or your manager) are too demanding? But even if you like your job, it could be that you don’t feel respected – maybe your bosses aren’t [...]
FTSE roundup: Pearson pushes the blue chip index up as sterling shows signs of weakness May 4, 2018 The FTSE 100 index ended this week up 0.86 per cent on last Friday’s close, though it lost some of the gains made at Wednesday’s peak. Recovering publisher Pearson seemed to close the chapter on its all-too-regular profit warnings, saying at had seen a “good start” to the year. It led the blue chip index, [...]
Vueling Airlines named as the most delayed airline in the UK July 15, 2019 Vueling Airlines is the worst airline for delays when flying from the UK, according to data revealed today. Read more: Heathrow airport summer strikes threaten chaos for holidaymakers The Spanish flyer’s departures were delayed by an average of 31 minutes towards the end of 2018, according to an analysis of Civil Aviation Authority data. British [...]
EU official Henrik Hololei sounds warning on post-Brexit flights as time is ticking to secure a deal May 18, 2018 A European Union official has warned that time is ticking on sorting out the arrangement for post-Brexit flights between Britain and the bloc, Henrik Hololei, the director general for mobility and transport at the European Commission, said the effects on the aviation industry could be significant after 29 March, when Britain is set to leave [...]
RBS feels the pain as British Airways’ parent IAG soars on a stolid day for the FTSE 100 February 24, 2017 The FTSE 100 ended the week with less bang, more whimper on Friday as it dipped by 0.38 per cent. London’s main index dipped below 7,200 points briefly before recovering to close at 7,243.70 points. The weaker pound, which fell to lows of $1.2483 US dollars in spot trading in the late afternoon, did little [...]