WH Smith: Profit jumps as expansion into travel shops pays off Retail WH Smith’s push into travel has paid off with the bulk of its growth in the last year due to higher profit at airports, train stations and motorway services. WH Smith’s revenue rose seven per cent to £1.918bn in the year ended 31 August, 2024, driven by growth in travel shops plus the company’s expansion [...]
London Heathrow Airport set for busiest year ever after record October Transport and infrastructure London Heathrow airport is set to surpass its pre-pandemic passenger record after its busiest October ever saw seven million travellers use the airport. More than 7.2m passengers flew through Heathrow in October as the half term peak helped the airport to its sixth consecutive month of more than seven million passengers. “This year has been [...]
This is why business travel will never be the same again – IWG boss Business Current signs indicate business travel is unlikely recover to pre-pandemic levels, the boss of IWG, one of the world’s largest office providers, has said. “Technology will never replace the value of in-person interactions where they are strategically important,” chief executive Mark Dixon told City AM. However, he warned “all signs suggest it is unlikely to return to [...]
Skyscanner: Profit jumps to almost £100m at travel search engine October 14, 2024 Profit at travel search engine Skyscanner has rocketed to almost £100m thanks to the final Covid-19 restrictions coming to an end. The Edinburgh-headquartered business has reported a pre-tax profit of £95.2m for 2023, up from the £31.5m it achieved in 2022. Newly-filed accounts with Companies House also show its revenue rose from £283.8m to £349.4m [...]
How I positioned my start-up at the forefront of London’s business travel scene October 7, 2024 Entrepreneur Bobby Drewett of business travel app Ouno on his plans to shake up the industry
Profit more than doubles at Flight Centre thanks to pick-up in business travel August 28, 2024 A surge in the number of corporate flights taking off helped Flight Centre Travel Group’s pre-tax profit more than double during its latest financial year. The Australian-headquartered group delivered a AU$320m (£164.42m) in underlying profit before tax for 2024, a 131 per cent year-on-year increase and at the mid-point of Flight Centre’s guidance range. The [...]