Travelling to work hits highest level since Covid began September 17, 2020 The proportion of people travelling to work hit its highest level since the coronavirus lockdown began last week as Britons’ gradual return to offices and workplaces continued. The Office for National Statistics (ONS) said 62 per cent of people travelled to work in the week that ended on 13 September. It was the first time [...]
Trainline ticket sales slump as passenger numbers flatline September 17, 2020 The coronavirus pandemic sent sales at online rail ticketing firm Trainline down to less than a fifth of last year’s take as passenger numbers flatlined in the first half. Although sales have begun to come back as lockdown restrictions were eased, business ticket sales remain mired at just four per cent of last year’s levels. [...]
Alstom reduces offer for Bombardier rail unit by $350m September 16, 2020 French transport giant Alstom has announced that it will buy Canadian firm Bombardier’s rail business for $350m (£270m) less than previously indicated. The two companies signed a sale and purchase agreement today worth $8.4bn, with total proceeds from the deal expected to come in at $6.2bn. Back in August, Bombardier announced unexpected financial and performance [...]
Tui to refund all customers by the end of the month September 16, 2020 Travel giant Tui UK will refund all package holidays cancelled due to the coronavirus by the end of the month, the UK’s competition watchdog announced this morning. The Competition and Markets Authority (CMA) had launched an investigation into the firm after receiving thousands of complaints from customers who had not been refunded. Under consumer protection [...]
Fatal Boeing crashes result of ‘horrific culmination’ of events September 16, 2020 The two Boeing 737 Max crashes which killed 346 passengers last year were the result of a “horrific culmination” of errors at the aerospace giant. A report into the two crashes carried out by the US Congress found that the accidents were caused by a “series of faulty technical assumptions by Boeing’s engineers, a lack [...]
Thomas Cook relaunches as online-only firm September 16, 2020 Iconic holiday firm Thomas Cook will today relaunch as an online-only company, a year after going bust in dramatic circumstances. To start with, the new travel company will sell holidays to destinations that are on the government’s safe travel list. In November, Chinese firm Fosun, which also owns package holiday brand Club Med, acquired the [...]
Silvertown Tunnel to cost £2bn over next 30 years September 16, 2020 A controversial tunnel which will connect Greenwich with London’s Docklands will cost Transport for London (TfL) almost £2bn over the next three decades. Although the actual construction of the Silvertown Tunnel remains at £1bn, figures from the capital’s transport operator show that the overall cost for building, maintaining and operating the tunnel will be £65m [...]
British Airways boss: We are still ‘battling for survival’ September 16, 2020 The chief executive of British Airways has said that the airline is still “battling for its own survival” as travel disruption due to the coronavirus pandemic drags on. Speaking to the Transport Select Committee this morning, Alex Cruz said that the carrier was burning through £20m a day because of the downturn. However, he did [...]
Galliford Try shares jump as it predicts return to profitability next year September 16, 2020 Shares in Galliford Try jumped even after it reported losses for the second year in a row, as it predicted a return to profitability by 2021. The construction firm was trading 11.3 per cent higher by 9.25am. The figures Galliford Try reported pre-exceptional revenue was down from £1.4bn to £1.1bn,while losses widened to £62.4m. Building [...]
Uber touts safety updates in second day of London court battle September 15, 2020 Uber has told a London court that it has addressed Transport for London’s concerns over the safety of its passengers through a number of changes to its platform and policies. TfL refused to grant Uber an extension on its licence to operate in London at the end of last year, following what it called a [...]
