Airlines face legal action over misleading debit card charges June 28, 2011 AIRLINES and travel companies were warned yesterday that they face punishment over their “hidden” credit and debit charges. An investigation by the Office of Fair Trading (OFT), found evidence of companies using “drip pricing” tactics – where surcharges are added to the full price only after consumers have filled in a number of web pages. [...]
WHAT DO YOU THINK OF RYANAIR’S RESULTS? January 31, 2011 DAVID BUIK | BGC CAPITAL I thought the results were good. Ryanair is excellent at cutting costs when sales are lower, and the fact that the firm has hedged its fuel costs for the next year is pretty smart. The company does what it does very well, and under the circumstances of the snow and [...]
Ryanair “on track” despite £8.5m loss January 31, 2011 Europe’s biggest low-cost airline Ryanair re-affirmed its full-year profit target after rising passenger numbers and average fares helped offset disruption from strike action and bad weather. The Irish airline said it was on track to make a full-year net profit towards the upper end of its 380m euro (£325m) to 400m euro target range. Ryanair [...]
BAA narrows losses as traffic grows but a legal threat over charges looms July 27, 2011 BAA, the owner of Stansted and Heathrow, reported smaller losses for the first half of the year, boosted by more passengers using its airports. The airport operator made a pre-tax loss of £249m in the six months to June, down from £279.7m for the same time last year. Traffic across its London airports increased by [...]
To keep the economy flying we need more air capacity: Heathwick is our best hope October 13, 2011 AS AN island nation, the ability to move people and goods effectively and quickly to and from our shores is of vital importance to British business”. So says David Frost, former director-general of the British Chamber of Commerce, and he couldn’t be more right. A culture that throws so many obstacles in the way of [...]
Airlines hit as ash cloud reaches UK May 24, 2011 A ROW between airlines and aviation officials broke out yesterday over fears the volcanic ash cloud blowing in from Iceland could cause a repeat of last summer’s mass flight disruptions. Planes due to fly to and from Scotland were grounded yesterday, including flights from London airports. However, late last night, UK air traffic control service [...]
Airlines hit as ash cloud reaches UK May 24, 2011 A ROW between airlines and aviation officials broke out yesterday over fears the volcanic ash cloud blowing in from Iceland could cause a repeat of last summer’s mass flight disruptions. Planes due to fly to and from Scotland were grounded yesterday, including flights from London airports. However, late last night, UK air traffic control service [...]
Ticket sales enjoy jump at easyJet July 6, 2011 NO-FRILLS airline easyJet yesterday reported a 9.1 per cent rise in passenger numbers in June compared with last year, in line with its rivals, as its expansion plan takes flight. In the 12 months to June, easyJet sold 53.36m seats on its flights – a jump of 12 per cent on last year. The rise [...]
Ticket sales enjoy jump at easyJet July 6, 2011 NO-FRILLS airline easyJet yesterday reported a 9.1 per cent rise in passenger numbers in June compared with last year, in line with its rivals, as its expansion plan takes flight. In the 12 months to June, easyJet sold 53.36m seats on its flights – a jump of 12 per cent on last year. The rise [...]
WHAT THE OTHER PAPERS SAY THIS MORNING July 13, 2011 FINANCIAL TIMES WATCHDOG IN PENSION VICTORY Britain’s Pensions Regulator has dropped the threat of action against US-based Chemtura Corp and its UK subsidiary, after the company agreed to pay £60m into its pension scheme over the next three years. In December 2010, the regulator issued a formal warning to Chemtura Corp and Chemtura Manufacturing UK that [...]