IAG share price falls despite low fuel costs boosting profits for 2015 February 26, 2016 British Airways owner International Airlines Group (IAG) has unveiled higher than expected profits for the year ending 2015, as a result of cheaper fuel prices and customer demand. The airline conglomerate, which represents British Airways and Iberia, among others, reported an operating profit before exceptional items of €2.34bn (£1.84bn) last year – a year-on-year increase of 125 per cent. [...]
Qatar tops list of best airlines – while Virgin Atlantic and EasyJet languish near the bottom of the table March 9, 2016 Calling all frequent fliers. A new survey has revealed the "saints and sinners" of the airline industry – and you might be surprised at some of the worst offenders. Qatar Airways tops the AirHelp list, receiving full marks for quality, 8.7 out of 10 for being on time and 8.1 for claim processing. Dutch airline KLM [...]
Costa boss Chris Rogers to leave after 11 years as Royal Caribbean exec takes the ship’s wheel April 12, 2016 Whitbread's share price fell this morning, after the group revealed Costa managing director Chris Rogers is leaving the firm after just over a decade. Rogers, who joined Costa as financial director in 2005 before moving up to the top job in 2012, will step down from the board on 20 April, but will stay on until 1 July [...]
Explore the coastline of Cascais and channel your inner Dan Brown at a masonic Portuguese retreat August 5, 2016 Portugal’s national football team might have plodded to Euro victory in the most boring fashion imaginable, but the country’s Atlantic resorts of Estoril and Cascais more than compensate, providing the kind of spark and excitement their players were sadly lacking (not that we can talk). From the historic setting of Penha Longa Resort – Ritz-Carlton’s [...]
British Airways flight BA115 lands in Heathrow after emergency: pilot reported “fumes on flight deck” May 28, 2015 Update: The British Airways flight that was diverted en route from London to New York has safely landed at Heathrow after issuing an emergency alert. Flight BA115 sent out a 7700 squawk this afternoon as it was flying over Ireland, changing course to return back to the capital. The squawk was subsequently changed [...]
At the close: Markets take a clobbering as sterling slides and uncertainty reigns June 27, 2016 Traders and investors were left bloodied by a volatile session on the markets today. The FTSE has closed down 2.55 per cent at 5,982.20, with a fifth of FTSE 100 companies racking up double digit price falls. The internationally focused blue-chip index outperformed mid-caps however as the FTSE 250 – mostly made up of companies that trade in the [...]
The Competition and Markets Authority issues “final order” demanding Ryanair sell its Aer Lingus holding to British Airways parent IAG June 11, 2015 The Competition and Markets Authority has issued a final order that Ryanair sell down its stake in Aer Lingus, reducing its holding from 29.8 per cent to five per cent – but Ryanair has hit back at what it calls a "ridiculous" ruling. It follows a decision by the Irish government last month to [...]
Airline and holiday operators’ share prices fall in wake of missing EgyptAir MS804 flight May 19, 2016 Shares in airlines and holiday operators were suffering this morning in the wake of what appears to be another potential disaster involving a passenger jet. EgyptAir flight MS804 went missing overnight as it was travelling between Paris and Cairo, with 56 passengers and a further 10 crew and security members on board. Three of the people [...]
Team Sky boss Dave Brailsford reveals package contained the decongestant Fluimucil December 19, 2016 Team Sky boss David Brailsford relented following weeks of doping speculation and finally revealed what was in a mysterious package delivered to a team doctor at the end of a race in 2011. Responding to questions from MPs, Brailsford divulged the package contained Fluimucil, a decongestant not included on a banned list of substances by [...]
Hackers force British Airways to freeze-frequent flyer accounts March 29, 2015 Tens of thousands of British Airways frequent-flyer accounts have been hacked, meaning executive club flyers will be unable to use their points. The carrier said no personal information had been viewed or stolen on the small proportion of its customers who were affected, whose accounts have now been frozen while the issue has been resolved. [...]