Manchester Airport boss takes off as travel mayhem at Heathrow and other hubs intensifies: BA and easyJet drop hundreds of flights today April 6, 2022 Chaos and disruption across multiple airports in the UK continues this Wednesday morning following the cancellation of hundreds of flights. Tens of thousands of Brits face days of delays as their flights from or to the UK were thrown out. Large queues were already seen around 7am this morning at multiple airports, including Heathrow, Gatwick, [...]
IAG boss says Air Europa deal will take at least 18 months April 6, 2022 The IAG – Air Europa deal will not be finalised for at least 18 months, IAG’s chief executive Luis Gallego said this morning. “We have to decide on a calendar to take 100 per cent, but I think it would take minimum 18 months,” said Gallego, adding that the company will need to secure anti [...]
Hail a flight! Uber set to include air travel and Eurostar as ‘superapp’ bid revamped April 6, 2022 Planes and trains are set to be added to Uber’s app, as it looks to fully integrate inter-city and even international travel. The hail-a-ride cab company announced plans to move beyond localised convenience, and expand into coaches, air travel and trains this summer. It will also look to include a travel booking system, offering car [...]
European Union proposes total ban on coal from Russia in another £3bn blow to Moscow April 5, 2022 The European Commission has proposed new sanctions against Russia, including an import ban on coal worth 4 billion euros (£3.3 billion) per year. European Commission president Ursula von der Leyen said the EU needed to increase the pressure on Russian President Vladimir Putin after what she described as the “heinous crimes” carried out around Kyiv. [...]
Drug-drivers could be forced to take rehabilitation courses before using cars under new government plan April 5, 2022 Drug-drivers could be forced to take rehabilitation courses before being allowed to get behind the wheel, according to proposed government plans. Transport secretary Grant Shapps today launched a call for evidence to decide whether those who had been caught drug-driving need to follow in drink-drivers’ footsteps and complete rehabilitation. “If we are to make our [...]
Ryanair’s boss says summer fares will go up to 10 per cent of 2019 levels April 5, 2022 Ryanair’s summer fares are expected to go up between 5 and 10 per cent of 2019 levels, its boss Michael O’Leary said this morning. The chief executive said lower capacity and very strong forward bookings have already started driving demand up from June onwards. “What we’re seeing at the moment is prices are slightly lower [...]
10m British pensions at BlackRock ‘helped’ Putin’s invasion of Ukraine via £1bn in oil energy dividends April 5, 2022 Fund manager BlackRock – which oversees 10 million British pensions – has helped Putin build his war chest by investing heavily in Russia’s biggest companies, the Bureau of Investigative Journalism told City PM this morning. While those investments have strengthened Putin, they have also generated a fortune for BlackRock’s clients, the group said. Since 2014, [...]
Go-Ahead to reinstate pre-Covid dividends as new strategy focuses on accountability April 5, 2022 Go-Ahead said today it would go back to paying dividends to shareholders from fiscal year 2022, as part of its new accountability-focused strategy. Following a few troubled months, Go-Ahead’s board recommended between 50 and 75 per cent of underlying earnings per share. The group – which has recently been under scrutiny for a series of [...]
London City Airport crowns March as most successful month since Covid start April 5, 2022 London City Airport today crowned March as its most successful month since the pandemic’s start. The airport reported that 189,000 passengers passed through its gates last month – 54 per cent up on February levels. While 31 March was its busiest day with more than 10,000 passengers, the airport said it was gearing up to [...]
Hiring boom: TUI recruits over 1,500 new people in digitalisation push April 5, 2022 TUI announced today it was hiring more than 1,5000 new people as part of its digitalisation push. Under the new recruitment plan, 500 people will be hired to work in the company’s technology and e-commerce divisions, while more than 1,000 will be stationed at holiday destinations. “TUI has continued to invest in the digitalisation of [...]
