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Heathrow boss must be quick on his feet to keep up with new investors who are looking for returns
Are things improving at Heathrow?In the next year, we may see a new era begin: a new owner, a new CEO and an end to Covid's slump. The London airport now believes that 2024 will see record passenger numbers.
Aviation has a history of…
London’s Transport Authority warns of a funding shortfall despite securing £250mn
Transport for London warned Monday of a funding shortage after only receiving half the grant they had requested from the central government in order to keep the capital’s transport network operating next year.
The £250mn bailout is the…
FirstGroup, the UK’s largest train operator, faces a £1bn loss under Labour’s…
A broker in the City stated that the UK's biggest rail operator could suffer a £1bn loss in revenue due to Labour's proposal to bring train networks back under public control.
Peel Hunt analysts have reduced FirstGroup's projected rail…
Emirates’ $2 billion A380 jet retrofit includes new seats that look like sneakers.
Emirates is the only airline in the world to have made the Airbus SE jumbo A380 jet an integral part of its fleet. Dubai Airlines still has more than 100 double-deckers in its fleet, while rivals have given up or only fly a few. Airbus also…
Heuro, a Dutch train startup, plans to compete with Eurostar
Heuro has been in discussions to run 15 trips per day between Amsterdam & London
A Dutch startup is getting ready to compete with Eurostar in the Channel Tunnel.
Heuro hopes to launch its rail service in the next five to…
Inside Evolyn, the Eurostar competitor aiming to disrupt cross-Channel railway
The privately-funded mega project, which was unveiled by Margaret Thatcher and Francoise Mitterrand for the Channel Tunnel in the early 1980s, was touted as a triumph of capitalist capitalism.
Since 1994, when services began from…
It’s been three decades since Eurostar was a serious competitor
The Spanish startup, Evolyn, has revealed plans for a new service in the Channel Tunnel - it could be good news for British travellers
In theory, the news that a new investor is planning to launch a rival to Eurostar should be…
Latest updates on the airlines’ slump after wildfires in Europe threaten summer vacations
The value of London listed airline stocks dropped by almost £700m on Monday, as the family holidays were put in doubt due to wildfires and heatwaves gripping Europe.
Easyjet, British Airways owner IAG, TUI and Wizz Air shares fell as…
Offices are eligible for tax breaks
EasyJet has seen its revenues per passenger surpass the average £100 for the first-time, showing the impact of inflation on holidaymakers this year.
The British short-haul carrier, Britain's most popular airline, that accounts for the…
Jet2 chief Philip Meeson steps down after package holiday returns net £371m
Philip Meeson is retiring. The 75-year old aviation entrepreneur, who transformed Jet2 into Britain's leading package holiday airline from a provincial cargo carrier, will step down.
After the Covid-19 travel restrictions, the news was…
Gatwick will operate 100,000 additional flights as part of a £2.1bn expansion project
Gatwick Airport wants to add almost 300 flights per day as part of a PS2.1bn plan to expand. It is aiming to compete with Heathrow.
The second busiest airport in Britain wants to use its northern runway full-time , as part of a…
Ryanair records highest monthly passenger numbers ever amid strikes
Ryanair has achieved record passenger numbers despite the fact that France was experiencing multiple flight cancellations due to industrial action.
Low-cost airline revealed 17.4 million passengers flew with them last month. This is a…
US rail operator claims Virgin Group suffered a ‘brand disaster’ during the pandemic
According to a company email, Sir Richard Branson’s Virgin Group is heading for "brand disaster" due to the difficulties it faced during the coronavirus outbreak. The lawsuit began on Monday and seeks $250mn.
Virgin's legal action in…
FirstGroup shares rise on the back of a strong bus and rail results
FirstGroup shares, the Aberdeen-based bus and train company, rose more than 17 percent on Thursday, after the company reported results that were well above market expectations despite losing a major rail contract.
FirstGroup's…
Orders from airlines indicate a resurgence in travel after the pandemic
In the first five month of this year, airlines placed orders for more than 1,200 new aircraft. This shows the resurgence of demand in the industry. Passenger traffic is continuing to recover in the aftermath of the pandemic.
According to…
WH Smith is betting on a strong travel demand this summer
WH Smith increased its profit forecast for the current financial period as it bets that strong travel demand will continue during the summer.
The retail chain, which sells everything from sandwiches to stationery and is located in…
As the private sector is pushed to the sidelines, rail nationalisation gains momentum
Last week, the nationalisation of TransPennine Express, a failing railway company, prompted rail industry representatives to call for a speedier process of awarding new contracts to the private sector.
Mark Harper, the Transport…
EU to delay fingerprinting, facial recognition at Dover
Fears that the introduction of facial recognition and fingerprinting checks at Dover could disrupt travel to the summer Olympics in Paris next year have led to the EU delaying its implementation.
This move will be discussed in June by…