MPs label British Airways a ‘national disgrace’ over job cuts June 13, 2020 MPs have condemned British Airways, calling the embattled carrier a “national disgrace” over its plans to make 12,000 of its staff redundant. In a report from the transport select committee, MPs described the airline’s actions as a “calculated attempt to take advantage of the pandemic to cut 12,000 jobs and to downgrade the terms and [...]
‘Huge blow’: London Heathrow Airport slams new £10 transit charge despite record passenger traffic April 11, 2024 Speaking to City A.M. in November, Virgin Atlantic chief Shai Weiss described the so-called Electronic Travel Authorisation as “short-sighted.”
Oil price spike to push up airline fares in long-term, warns Willie Walsh July 11, 2022 THE HIGHER price of oil will be reflected in increased airline fares, the boss of the international industry body warned yesterday. “Oil is the single biggest element of an airline’s cost base. It is inevitable that ultimately the high oil prices will be passed through to consumers,” Willie Walsh, chief executive of the International Air [...]
British Airways, Next and ITV at risk of credit rating downgrades May 15, 2020 Some of the UK’s biggest companies are at risk of having their credit ratings downgraded and becoming “fallen angels”, ratings agency S&P has said, raising the possibility of a sharp rise in borrowing costs in the midst of the worst downturn since the 1930s. Big names such as Next, British Airways and ITV are in [...]
Week ahead: JD Wetherspoons, BP, IAG and more train strikes May 6, 2024 The week ahead will also reveal Halifax's house price index, PMI construction figures and an interest rate decision from the Bank of England.
FTSE 100 close: London slumps as Natwest shares crater after Rose review October 27, 2023 London’s FTSE 100 closed the week down almost one per cent, while Natwest’s shares plummeted on the outcome of its review into former boss Dame Alison Rose. The capital’s premier bluechip index ended the day well in the red, after showing signs of being steady throughout most of Friday. By midday it was up around [...]
Recession knife-edge: Consumer spending on credit at £1.3bn as house prices continue to slide May 2, 2023 Britain’s better than expected economic performance since the turn of the year is poised to have lured consumers into splashing the cash on their credit cards, new numbers out this week are tipped to show. Families are tipped by markets to have borrowed £1.3bn in March, which would signal spending in the UK is holding [...]
British Airways must follow rules when it comes to job cuts, ministers warn June 24, 2020 The transport secretary has warned British Airways (BA) that it must follow the rules when it comes to making sweeping job cuts, saying he is “very, very concerned” about the 12,000 roles set to be made redundant. BA has come under heavy fire in recent weeks over its decision to make the cuts, with many [...]
FTSE 100: IAG, BP and Shell guide index to cheery morning May 5, 2023 The FTSE 100 put on gains in early trading today, up more than 0.6 per cent an hour into Friday morning. Big gainers were BA-owner IAG, up more than 4 per cent after posting positive first quarter results this morning. And oil majors BP and Shell were also both happily in the green, building off [...]
Ryanair chief calls for UK air traffic control boss to go after Gatwick outage December 10, 2023 The boss of Ryanair has called for head of the UK's air traffic control body to step down after an outage at Gatwick yesterday caused significant disruption.