Virgin Atlantic buys seven new planes from ‘main dance partner’ Airbus as it targets return to profit Transport Virgin Atlantic has ordered seven new plans as it looks to complete its multibillion-dollar fleet transformation and return to the black.
Why airport expansions fuelled by booming travel demand could be a double-edged sword Transport In a report, the ratings agency Moody's said rising passenger numbers would drive "significant investment" in expansion projects.
Jet2 hikes dividend after record passenger numbers boost profit Transport Budget airline Jet2 has hiked its dividend by more than a third after record passenger numbers helped its revenue and profit soar during its latest financial year.
Edinburgh Airport: Profit soars as passenger numbers near pre-pandemic levels June 7, 2024 Edinburgh Airport has seen profit soar for the second year in a row after passenger numbers rose to within touching distance of their pre-pandemic record.
37 per cent of flights delayed last year – but London’s Heathrow, Gatwick and Luton airports not worst offenders March 22, 2023 More than a third of flights to and from UK airports last year were delayed, new figures show. The Civil Aviation Authority (CAA) said an “unacceptable” 37 per cent of flights were at least 15 minutes late in 2022. That is up from 17 per cent in both of the preceding two years and 25 [...]
British Airways owner IAG predicts bounce back to profitability on return of global travel May 6, 2022 British Airways owner International Airlines Group (IAG) today said it believes the easing of global restrictions and the return of global travel will see it bounce back to profitability. The firm – formed through the merger of Iberia and British Airways in 2011 – said its Q1 2022 passenger numbers were 65 per cent those [...]
British Airways cancels all Heathrow short-haul flights amid IT issue February 26, 2022 British Airways said it would be cancelling all short-haul flights from London’s Heathrow airport until midday as it deals with an IT failure affecting its website, app, and airport operations. “We are extremely sorry that due to the continuing technical issues we are facing we have regrettably had to cancel all short-haul flights from Heathrow [...]
Airlines call on government to reopen travel despite possible restrictions December 20, 2021 The aviation industry has called on the UK Government to either reopen travel or “come to the table with economic support.” Airlines UK, the trade body that represents British carriers, has lambasted the government for its lack to support, saying “offering more debt to a sector that has already borrowed billions of pounds is not [...]
UK aviation urges holiday-goers to spend £132m of unused travel vouchers November 22, 2021 The UK’s Civil Aviation Authority has urged holidaymakers to spend £132m worth of unused travel vouchers before they expire. Issued by the aviation authority during the peak of the pandemic to avoid airlines having to repay extensive sums to customers, the Atol refund protection scheme is expected to end on 30 September 2022, the BBC [...]
Sunak set to hike long-haul flight costs through air passenger duty Budget ‘overhaul’ October 23, 2021 Chancellor Rishi Sunak is plotting an air passenger duty hike for flights to long-haul destinations like Australia, Japan and South Africa in his Autumn Budget next week, as a penalty for their environmental damage. Passengers flying to such destinations can expect to pay more after the Chancellor has laid out his plans next week for [...]