Baraza Resort review: This elegant hotel in Zanzibar is a feast for the senses March 16, 2020 Visiting tropical islands usually involves sacrificing the richness and depth of continental culture for the simplicity of ravishing sun, sea and sand. Zanzibar, however, is almost unique in letting you combine the three ‘S’ with classic architecture and history – all in a space of less than 2,500 sq km. This island off the coast [...]
Easyjet boss bullish about package holiday move, despite tumbling profit and ‘difficult’ aviation market November 19, 2019 Easyjet has unveiled a new-look package holiday business just months after the collapse of Thomas Cook, despite profit plunging more than a quarter over the last year. The budget flyer said the new business, Easyjet Holidays, will launch in the UK just in time for customers to pencil in a Christmas getaway, with bookings open [...]
The top dogs of global finance gather this week to confront economic storm clouds October 14, 2019 Will there be a global recession? What next for policy? Where are the major financial risks? These questions will be to the forefront of minds this week in Washington as the annual meetings of the International Monetary Fund (IMF) and World Bank take place. Policymakers from across the globe will be in attendance, plus over 10,000 participants from [...]
Ryanair passenger numbers climb to 14.8m in July August 6, 2019 Ryanair’s passenger numbers grew to 14.8m In July, a nine per cent increase on the same period the year before. Ryanair carried 14.2m passengers, while Lauda, the low-cost Austrian airline acquired by Ryanair, carried 600,000. Read more: Ryanair boss Michael O’Leary warns of job losses over Brexit and Boeing woes Ryanair operated over 81,000 scheduled flights [...]
Ryanair profits nosedive 21 per cent in first quarter July 29, 2019 Ryanair’s profits tumbled 21 per cent in its latest quarter as the airline was battered by higher fuel and staff costs coupled with lower fares, it revealed today. Read more: Ryanair warns of summer 2020 problems due to Boeing 737 Max ban The figures Profit before tax fell 24 per cent year on year to [...]
Easyjet grows revenue in ‘robust’ quarter as new COO joins July 18, 2019 Easyjet boosted revenue 11 per cent to £1.8bn in its third quarter, the airline revealed today, saying it is on schedule to hit market expectations on profit. Read more: Easyjet losses soar to £275m after fuel price hike and Gatwick drone chaos The airline also posted higher passenger revenue, growing that 10.7 per cent year [...]
Thomas Cook: How did it end up like this? July 12, 2019 Companies in the travel industry have endured a turbulent year – and none more than Thomas Cook. Read more: Thomas Cook shares plunge to record low as investors face being wiped out The embattled firm this morning said it is closing in on a bailout deal which would see Chinese firm Fosun give it £750m [...]
Air body Iata slashes global outlook by a fifth as trade wars and fuel prices bite June 2, 2019 The head of a body which represents nearly 300 global airlines has heralded the end of boom and bust while slashing his outlook for the industry by more than a fifth. The International Air Transport Association (Iata) said it expects airlines’ combined profit to fall to $28bn (£22bn), over 21 per cent below a December [...]
Easyjet losses soar to £275m on higher fuel prices and Gatwick drone chaos May 17, 2019 Losses shot up at Easyjet to £275m in the first half of the year, in line with expectations, the company showed this morning as it was forced to deal with lower revenues per seat. The figures Easyjet saw losses before tax deepen to £275m in the six months to the end of March, figures showed today. The [...]
The Mercedes-AMG GT 63S 4-door serves up supercar pace in a more practical package April 29, 2019 Pity the poor Mercedes-Benz salesperson. The world’s oldest car company lists no fewer than 33 separate models on its UK website, from A-Class hatchback to S-Class limousine. Factor in engines, trim levels and optional extras, and the list of potential combinations is… a lot. Such bountiful choice results in overlap between many models, too. Want [...]