London Tube journeys propelled to above pre-pandemic levels thanks to Harry Styles and the Ashes August 10, 2023 A blockbuster summer of events, coupled with booming tourism, has seen journeys on London’s network of tubes, buses and trains exceed pre-pandemic levels on multiple occasions this year. Stations in central London are regularly hitting pre-pandemic levels of traffic at the weekend, and often exceeding them, according to figures from Transport for London (TfL). Tube [...]
Lotus drives to record year as Geely takeover bears fruit August 10, 2023 Lotus has produced a record number of sports cars in the first half of the year, as its takeover by Chinese carmaker Geely begins to bear fruit. The British automaker said it had built 2,200 of its Lotus Emiras so far at its factory in Hethel, Norfolk, marking a colossal 381 per cent increase year-on-year. [...]
Central America and South Asia trips see Hostelworld to narrowed losses August 10, 2023 Hostelworld has long been a favourite of travellers looking to rent a cheap bed for the night, but suffered amid sluggish demand after the pandemic.
Shipping giant Hapag Lloyd sees profit sink more than half as global demand slows August 10, 2023 Shipping giant Hapag Lloyd saw half year profits tumble over 65 per cent as declining demand and “significantly weaker” freight rates hit the companies’ bottom line.
AI helps airlines reduce contrails by 50 per cent, new study reveals August 9, 2023 An exciting new study has shown that artificial intelligence can help airlines reduce contrails - the white vapour trails seen behind planes - by as much as 50 per cent.
ULEZ: ‘Unreasonable’ scrappage schedule means daily charges for ‘quite some time’ after expansion August 9, 2023 Many drivers will be charged daily fees “for quite some time” because London’s car scrappage scheme is not being extended until eight days before the expansion of the ultra low emission zone (ULEZ), a motoring services company has said. The RAC, which issued the warning, described the timings as “extremely frustrating”. The area covered by [...]
London Underground set for more disruption as drivers back more walk-outs August 9, 2023 London Underground train drivers at several companies have voted to continue industrial action in their long-running dispute over pay. Aslef said the results of new ballots for strikes on passenger services in England and on London Underground showed continued support from drivers. Mick Whelan, general secretary of Aslef, said: “The results of these new ballots [...]
Gatwick Airport expecting ‘severe disruption’ as fresh August Bank Holiday strikes announced August 9, 2023 Gatwick Airport is facing “severe disruption” with fresh industrial action later this month, as 230 ground handlers and passenger assistance workers will walk out in a feud over pay. Members of the Unite Union will strike on eight separate days – between Friday 18 August and Monday 21 and Friday 25 and Monday 28 – [...]
Lyft loses ground on Uber as cost cutting bid fails catch now profitable rival August 9, 2023 Lyft shares slip in the US after its aggressive cost-cutting strategy in a bid to steal market share from rival Uber failed to chime with investors. Shares in the US-listed platform closed around 10 per cent lower, after it noted a drop in total revenue per active user of 5 per cent to $47.51 (£37.21) [...]
TUI swings to first post-pandemic profit with this summer ‘going very well’ despite deadly heatwaves August 9, 2023 Tour operator TUI said it had swung to profitability for the first time since the pandemic on the back of soaring summer travel demand, with underlying pre-tax earnings of €169.4m (£145.28m), up by €196.5m year-on-year. Third quarter group revenues surged 19 per cent on the prior year to €5.3bn (£4.55bn) which the company said was driven [...]
