Qantas agrees alliance with Emirates September 6, 2012 Australia’s struggling Qantas Airways has agreed to a 10-year alliance with Dubai’s Emirates, a key step in the carrier’s efforts to shore up its loss-making international business. Qantas will replace Singapore with Dubai as its hub for European flights from March 2013 and coordinate pricing, sales and schedules with Emirates under the partnership unveiled this [...]
Frankenstorm October 29, 2012 First two day close of New York exchange due to weather since 1888 Millions left without power as storm surge threatens Manhattan Insurers estimate the total cost of the damage could reach $10bn HURRICANE SANDY last night hit the US’s North East coast, closing stock exchanges, grounding aeroplanes, flooding low-lying areas, and potentially landing insurers [...]
EasyJet, Ryanair and IAG are helped by post-Games boost October 3, 2012 EASYJET shares soared 3.5 per cent yesterday after it raised its profit forecasts thanks to a jump in post-Olympic traffic. The budget carrier’s chief executive Carolyn McCall said demand from London “increased towards the upper end of expectations” after the Games, helping to lift its pre-tax profits to between £310m and £320m for the year [...]
EasyJet, Ryanair and IAG are helped by post-Games boost October 3, 2012 EASYJET shares soared 3.5 per cent yesterday after it raised its profit forecasts thanks to a jump in post-Olympic traffic. The budget carrier’s chief executive Carolyn McCall said demand from London “increased towards the upper end of expectations” after the Games, helping to lift its pre-tax profits to between £310m and £320m for the year [...]
IAG cuts full-year guidance as Iberia weighs August 3, 2012 IAG, formed by the merger of British Airways and Iberia, cut its full-year profit guidance after a poor performance from its Spanish unit and rising fuel costs led it to a first-half loss. Europe’s fourth-biggest airline group by market value today reported an operating loss of €253m (£199m) in the six months to the end [...]
Ryanair confident on Aer Lingus bid September 4, 2012 Ryanair is confident it can allay competition concerns about its latest bid for rival Aer Lingus, its chief executive said today, adding the budget airline was also seeking no more than a 25 per cent stake in Stansted Airport. Ryanair launched its third offer in five years for Irish rival Aer Lingus in June, a [...]
Office of Fair Trading sets tougher fines September 10, 2012 THE OFFICE of Fair Trading has tripled the amount it can fine businesses found breaching competition law, the watchdog said yesterday. The OFT can now impose a penalty of up to 30 per cent of a firm’s relevant turnover in standard cases, up from 10 per cent, as it tries to move on from a [...]
Virgin Atlantic to launch domestic flights August 21, 2012 Virgin Atlantic today announced plans to operate three daily return flights between London and Manchester from next year, its first foray into the short-haul domestic market. The airline, founded by billionaire entrepreneur Richard Branson, plans to fly from London’s Heathrow airport to Manchester airport in the north west of England from March 2013 – providing [...]
The transformation of Jessica Ennis December 7, 2012 I ADORE Victoria Beckham and Alexander McQueen…” “I’d love to start my own fashion label…” “I’ve been to two award ceremonies in the last two nights…” You would be forgiven for thinking these were the words of a Hollywood starlet or seasoned pop star. But this is Jessica Ennis – the poster girl for the [...]
IAG eyes stake in American Airlines August 13, 2012 International Airlines Group (IAG), the parent company of British Airways, may consider taking a stake in American Airlines, in a move that could block any takeover of American by IAG rival Delta. ‘We would consider taking a stake in American Airlines if that is something that American would welcome,’ an IAG spokeswoman said yesterday. Her [...]