Easyjet to post loss for third consecutive year despite strong summer October 13, 2022 Easyjet is expected to post a loss for the third consecutive year, despite increasing earnings over the busy summer quarter. The low-cost carrier said that, for the year ended 30 September, losses are expected to be in the £170m-£190m range as a result of travel disruption experienced over the last few months. In a trading [...]
EasyJet expects to book £545m in the final quarter with ‘record bounce back’ October 13, 2022 Bosses at EasyJet are expecting to book between £525m and £545m in earnings for final quarter, as the budget airline continues its post-lockdown recovery. The earnings before interest and tax, marks a “record bounce back” for the carrier, CEO Johan Lundgren said in a statement this morning. It means the company will breakeven this year. [...]
Truss voices support for Heathrow’s third runway October 12, 2022 Prime Minister Liz Truss has voiced her support for Heathrow’s third runway, saying she agreed with the comment made by transport secretary Anne-Marie Trevelyan. “I absolutely agree with what the transport secretary said in her comments,” Truss said today during PMQs. Trevelyan reportedly told a fringe event during the Conservative Party conference last week she [...]
UK green aviation fuel targets could fail without Govt support October 12, 2022 The UK’s green aviation fuel targets could be out of reach without further government support, trade body Airlines UK has warned. Chief executive Tim Alderslade called on the government to introduce a pricing mechanism for the production of sustainable aviation fuels (SAFs), as it is currently between two and four times more expensive. Produced from [...]
Port of Dover chief calls on Gov to share ‘rules of game’ for post-Brexit checks October 12, 2022 The Port of Dover has called on the government to share the “rules of the game” when it comes to post-Brexit checks. Chief executive Doug Bannister told a Commons’ transport select committee that the port has not received enough information about the EU’s entry-exit system, which will be implemented from May. Under the new system, [...]
Avanti pledges return to normal services in December October 12, 2022 Troubled train operator Avanti has pledged a return to near normal services in December after delays and short-notice cancellations plagued the network over the last two months. “We’re continuing to work with our sole focus on improving the timetable, marking more robust and sustainable for all our passengers,” Richard Scott, director of corporate affairs at [...]
Going north: BA adds daily flights from London City to Aberdeen October 12, 2022 BA has expanded its services to Scotland, adding daily flights from London City to Aberdeen to increase connectivity with the capital. The route will run over the winter season – between 1 November and 22 January – complimenting services already departing from Heathrow. Services will depart from London City mainly in the evenings, between 6.30 [...]
Nissan logs £613m hit as Japanese carmaker exits Russia and shuts factory October 11, 2022 Japanese carmaker Nissan has said it plans to sell its Russian operations to its local partner and withdraw from manufacturing there. The company said its executive committee approved the sale to Russia’s Central Research and Development Automobile and Engine Institute (NAMI). The sale includes Nissan’s factory and R&D facilities in St Petersburg and its sales [...]
Adam Norris: A driving force for the good of the planet October 11, 2022 Adam Norris talks to City PM about his remarkable life, a burning passion for making a difference, and being the father of a Formula 1 star.
Exclusive: The pandemic sped up the pace of change in retail, says Manhattan’s CEO October 11, 2022 Ever since Covid became a household name and the pandemic creeped into businesses’ operations, global supply chains have been under more pressure than ever. It is one of the reasons urgent supply chain commerce transformation has been at the top of the agenda of retail giants, industry leaders, product experts and agents of change. One [...]
