British Airways and the pilot strike: Are shared profits schemes the answer? September 20, 2019 British Airways’ operations ground to a halt last week due to a pilots’ strike. The airline’s flight crews argued that they should be rewarded with a cut of the company’s rising profits, having previously taken hits to their pay when BA struggled. While the pilots have called off a strike due to take place on [...]
Bank demand leaves Thomas Cook exploring options September 19, 2019 Thomas Cook is looking at its assets as it attempts to stave off demise, reports tonight say, after lenders demanded significant contingency funding. Sky News’ Mark Kleinman has been told by insiders that “every possible option” is on the table as they look to salvage some 20,000 jobs. Kleinman reports the 178-year-old holiday giant has [...]
Ryanair threatening to remove pilot perks over strikes, union claims September 19, 2019 Striking Ryanair pilots have accused the airline of threatening to remove their perks if they take part in this month’s planned walkout. Ryanair pilots who are members of the British Airline Pilots’ Association (Balpa) began their strike action yesterday, which is due to continue on 21, 23, 25, 27, and 29 September. Read more: Ryanair suffers [...]
Ryanair expects to see Boeing 737 Max crash jet back in UK skies by March next year September 19, 2019 Ryanair expects the grounded Boeing 737 Max jet will be back in Britain’s skies by the beginning of March 2020, despite misgivings about such a timetable in Europe. At the budget flyer’s annual shareholder meeting, chief executive Michael O’Leary has told shareholders he expects the jet, which was grounded in March this year after the [...]
Crossrail could need an extra £400m and open behind schedule, bosses warn September 19, 2019 Crossrail could end up needing an extra £400m in a worst case scenario and open later in 2021, bosses have revealed. Crossrail, also known as the Elizabeth Line, is already running £2bn over budget and years late, after it failed to open on time last December. Crossrail bosses told the Transport for London (TfL) board [...]
Grant Shapps says rail firms should be rewarded for running trains on time September 19, 2019 Transport secretary Grant Shapps has suggested rail firms should be given financial rewards for running trains on time, admitting that they still get paid when services are late. Shapps said rail firms currently operate in a “dysfunctional and flawed” system where “they can not run trains on time and still get paid”. Read more: A [...]
A third of trains were delayed over past year September 19, 2019 Over a third of trains failed to arrive at stations on time over the past year, according to figures that use a more accurate measure of punctuality. New statistics released by the rail regulator, the Office of Rail and Road (ORR), show that 64.7 per cent of stations were arrived at one time in the [...]
Ryanair suffers shareholder revolt over pay report September 19, 2019 Ryanair is in the grip of an investor revolt after half of shareholders voted against a bonus scheme for boss Michael O’Leary that could see him earn £88.56m over five years. Just over 50 per cent of the airline’s shareholders voted for Ryanair’s remuneration report, in which Ryanair was seeking approval for a new long-term [...]
Kier Group turnaround ‘heading in right direction’ despite crashing to £245m loss September 19, 2019 Kier Group’s stock recovered to finish up 1.1 per cent today as shareholders appeared cautiously optimistic about its pricey turnaround plan. The struggling outsourcer staggered to a £245m loss in its latest full year, but trimmed its net debt by more than 10 per cent to £167m. Read more: Kier suspends dividend and unveils plan [...]
World will have twice as many planes in the skies in 20 years, says Airbus September 18, 2019 The world will have twice as many passenger jets in 2038 as are currently in the skies, Airbus forecast today, as the plane maker raised concerns over a potentially damaging tariff war between the EU and the US. The European plane maker has hiked its forecasts for jet plane demand to 47,680 aircraft by 2038, [...]
