Ryanair passenger levels jump as low-cost carriers weather recession January 4, 2023 Ryanair reported a jump in passenger levels today in a sign that low-cost carriers are managing to weather the cost-of-living crisis. Figures published today show that the low-cost airline carried 11.5 million passengers in December, 21 per cent up on last year’s levels. Numbers were also up on November’s 11.2 million travellers. Load factor – the [...]
Rail strikes push people to buy cars as disruption hits millions January 4, 2023 More drivers are looking to own a car as the ongoing rail strikes cause misery for millions of people, according to new data. Data published today by automotive marketplace Auto Trader shows that the percentage of people choosing to buy a car due to the unreliability of the public transport system has jumped from 36 [...]
Airlines ‘extremely disappointed’ by wave of China-targeted Covid restrictions January 4, 2023 The global industry body for airlines has said it is “extremely disappointed” by countries’ decisions to introduce restrictions on travellers from China after Covid cases have skyrocketed in the country following Beijing’s decision to ditch its zero-Covid policy. The International Air Transport Association (IATA), which represents around 300 airlines across the globe, described the wave [...]
RMT to resume rail strikes talks with government on Monday January 4, 2023 The RMT will resume talks over ongoing rail strikes with the government this Monday, according to union boss Mick Lynch. Lynch told GB News that government officials contacted the RMT earlier this week to “get a meeting in” early next week. The announcement comes as over 40,000 workers at Network Rail and 14 other train [...]
Rail strikes will cost industry £110m, Network Rail warns January 4, 2023 This week’s rail strikes will cost the industry around £110m, according to Network Rail calculations. A spokesperson for Network Rail told City PM that train operators will lose £20m for each day of RMT strikes whilst the train drivers’ walkout on Thursday will cost the industry around £30m. Rail unions RMT and Aslef are on [...]
Rail strikes: Half of all lines shut as Mick Lynch warns strikes could last well into summer January 4, 2023 Half of Britain’s railways are closed today with only a fifth of services running, as even London’s tube and overground network are affected by the industrial action. Train passengers are suffering another day of strike disruption as the new general secretary of the TUC called for an urgent meeting with the Prime Minister in a [...]
Edging lower: Oil price slips and could fall further on China Covid concerns January 4, 2023 Oil prices edged lower on Wednesday after slumping in the previous session, weighed down by concerns about weak demand due to the state of the global economy and China’s rising Covid-19 cases. Brent futures for March delivery fell 43 cents to $81.67 a barrel, a 0.5% loss, by 0700 GMT. U.S. crude dropped 39 cents, [...]
UK airlines and airports lag behind global rivals when it comes to being on time January 3, 2023 UK airlines and airports continue to lag behind international rivals when it comes to being on time, according to new research released today. No British airlines or airports ranked in the top 10 for on-time performance, according to data from Cirium’s On-Time Performance report. Cirium, an aviation analytics firm, considers an airline to be on [...]
Musk miss: Tesla’s latest update leaves investors with yet more questions January 3, 2023 Tesla has missed analyst estimates as it delivered only 405,000 cars in the fourth quarter of 2022 – significantly fewer than Tesla-watchers were expecting. Wall Street had hoped for the number to be above 430,000. The miss is the latest cloud hanging over the firm’s controversial founder Elon Musk, with the firm’s 40 per cent [...]
Going underground: Tube set for more 4G connectivity in central London January 3, 2023 Commuters will soon no longer have to rely on intermittent tube station wifi to read citypm.eu – with 4G connectivity coming to a host of new stations. According to Transport for London, final 4G testing is underway at Camden Town, Oxford Circus and Tottenham Court Road. If successful it will mean 4G is available at [...]
