Christmas getaway: Five million Brits to travel during festive period December 18, 2022 Around five million Britons are expected to travel during this festive period, according to recent data. Figures published by trade body ABTA have shown that 640,000 people will leave from Stansted while 470,000 from Luton over the Christmas period. Gatwick will welcome hundreds of thousands of travellers, while Heathrow will see at least three million [...]
British Airways owner IAG sees shares plummet after job cuts announcement April 29, 2020 Shares in British Airways owner IAG plunged this morning after it yesterday announced that it could cut up to 12,000 jobs at the UK flag carrier. As markets opened, shares in the airlines group dropped nearly seven per cent, in another blow to the firm’s already decimated market cap. The firm said that the unprecedented [...]
Heathrow apologises for poor service as it continues to battle travel chaos July 11, 2022 Heathrow has apologised for unacceptable service levels as it continues to battle the ongoing travel chaos. In a trading update published today, the west-London hub said that while it started recruiting staff in November, rebuilding capacity quickly following the end of travel restrictions had been “very challenging.” Over the last few weeks, travellers have reported [...]
British Airways says it could cut 12,000 jobs as global travel slumps April 28, 2020 International Airlines Group (IAG) today said a redundancy consultation at British Airways could lead to 12,000 people losing their jobs. IAG said British Airways is formally notifying its trade unions about a proposed restructuring and redundancy programme. “The proposals remain subject to consultation but it is likely that they will affect most of British Airways’ [...]
Heathrow reports busiest day since Christmas 2019 on half term getaway and lifting of Asia covid restrictions March 13, 2023 Heathrow Airport has exceeded pre-pandemic passenger levels for the first time since coronavirus, thanks to the February half-term rush and lifting of restrictions in east Asia. The good news was fuelled by a late getaway last month as millions of Brits took the chance to escape freezing Britain for some sun. Figures from the airport [...]
Explainer: Heathrow loses in landing fees war – to the benefits of passengers March 8, 2023 Today wasn’t a good day for Heathrow, and that’s before you start on the snow delaying arrivals. The airport was forced to slash landing fees by 20 per cent, starting next year. The regulator, the Civil Aviation Authority, sided with the airlines who have been fighting with the airport to bring the fee down. The [...]
Airlines ‘extremely disappointed’ by wave of China-targeted Covid restrictions January 4, 2023 The global industry body for airlines has said it is “extremely disappointed” by countries’ decisions to introduce restrictions on travellers from China after Covid cases have skyrocketed in the country following Beijing’s decision to ditch its zero-Covid policy. The International Air Transport Association (IATA), which represents around 300 airlines across the globe, described the wave [...]
FTSE 100 close: Markets muted as airlines are hit by Israel conflict October 9, 2023 London's FTSE markets were muted on Monday as investors grappled with the implications of the surprise attack launched on Israel by Hamas.
End of an era: Heathrow’s ‘extraordinary’ boss John Holland-Kaye to step down February 2, 2023 John Holland-Kaye is stepping down as Heathrow chief executive later this year, it has been announced. Holland-Kaye, who has been at the London airport’s helm since 2014, will stay in place until a replacement is found. The reasons behind his decision have not been revealed and the airport has declined to elaborate further on his [...]
Figma plots London office expansion despite fresh wave of tech layoffs January 11, 2024 Design company Figma is planning to ramp up its hiring this year in London amid a rapidly growing UK digital design market.