Flybe passenger Q&A: What should I do if I was due to travel with Flybe? March 5, 2020 Any Flybe passenger will not be able to fly after the budget airline collapsed into administration in the early hours of this morning. It failed to obtain a £100m loan from the government to stay afloat. The airline issued a statement saying that “all flights operated by Flybe have been cancelled with immediate effect”. But [...]
Capita shares dive 20 per cent on full year losses March 5, 2020 Shares in outsourcer Capita plunged 20 per cent this morning after it announced a £62m loss before tax for 2019. Capita said loss before tax was £62.6m, down from a profit of £272.6m last year. Revenue fell from £3.91bn last year to £3.67bn this year. In 2018, Capita launched a sweeping turnaround plan under new [...]
Flybe collapse: Passengers told not to travel as 2,000 jobs at risk March 5, 2020 British airline Flybe has collapsed into administration to leave 2,000 jobs at risk after it failed in its bid to secure a £100m government loan. The budget regional carrier blamed 2020’s coronavirus outbreak for draining customer demand for flights, and warned passengers not to travel to airports. Administrator EY has taken charge of the business [...]
Global airlines could take $113bn hit from Covid-19, four times worse than past predictions March 5, 2020 The International Air Transport Association (IATA) has said that the coronavirus could cost the global industry up to $113bn this year, nearly four times larger than previous estimates. The industry body’s best-case scenario sees a minimum hit of $63bn if the Covid-19 virus is contained within current markets, but said this figure could nearly double [...]
Flybe collapse: Travel sector reacts as regional airline goes bankrupt March 5, 2020 Beleaguered Flybe collapsed into administration in the early hours of this morning, as its long-running bid for survival finally ran out of fuel. In a statement, the regional airline said: “All flights operated by Flybe have been cancelled with immediate effect”. The firm added that a slump in demand caused by the coronavirus outbreak had [...]
Saga warns travel business hit by coronavirus-related cancellations and fall in bookings March 5, 2020 Over 50s travel and insurance business Saga warned today that coronavirus-inspired cancellations and low demand in its travel arm could hit its full year earnings. The cruise ship-operator said it had seen a “higher level of cancellations for departures in the near-term and more generally a lower level of bookings for departures further out”. It [...]
Government at risk of another Carillion-style failure, warns report March 4, 2020 The government is at risk of another Carillion-style collapse if it does not support the reforms proposed after the outsourcing giant’s collapse two years ago. In a new report, the Institute for Government (IfG) has said that the government has “not consistently” followed the Cabinet Office’s new guidelines as to how large contracts are awarded [...]
HS2: Top civil servant admits to withholding information on cost blow out March 4, 2020 Whitehall’s top transport civil servant appeared to admit to withholding information that showed HS2 would go over budget in a parliamentary committee hearing today. The Department for Transport’s (DfT) permanent secretary Bernadette Kelly answered questions from the Public Accounts Committee on the controversial project. The high speed rail line – connecting London, Birmingham, Crewe, Manchester [...]
Flybe on the brink of bankruptcy after coronavirus hits demand – report March 4, 2020 Flybe could collapse into bankruptcy tonight as coronavirus outbreak saw a slump in demand at the regional carrier, which is reportedly in last ditch rescue talks with the government. Earlier the Financial Times reported that Flybe was set to miss out on a £100m loan from the government, meaning that the embattled regional carrier’s survival [...]
Volkswagen signs three year electric vehicle home charging partnership with Centrica March 4, 2020 Volkswagen has agreed a three-year partnership with energy supplier Centrica to roll out electric vehicle home charging hardware across the UK. The deal comes after Volkswagen’s commitment to introduce 80 electric and plug-in hybrid models by 2025, with estimated sales of up to 3m a year by that date. In the summer the firm will [...]
