Wizz Air profits tumble but airline clings to guidance as passenger numbers grow January 30, 2019 Wizz Air witnessed an 88 per cent drop in pre-tax profits at the end of 2018 but has insisted it’s on track to meet its annual guidance. The figures The budget airline suffered a drop in pre-tax profit to just €1.7m for the three months to the end of 2018, down from €14m over the [...]
London startup backed by the Mayor and National Grid launches embedded car charging points January 29, 2019 Connected Kerb has today launched its first series of electric car charging points fully embedded into the road's curbside. Built into Borough Road in Southwark, the launch was supported by Southwark Council, Virgin Media and National Grid. The move comes after the London startup won the Mayor's Award for Urban Innovation last year. Users of electric cars [...]
Transport misery: Passenger satisfaction with Britain’s railways drops to 10-year low, says Transport Focus January 29, 2019 Passenger satisfaction with the UK's railways has fallen to a 10-year low, a new survey out today has found. Independent watchdog Transport Focus warned that overall satisfaction with services stood at 79 per cent, the lowest since 2008, according to its latest national passenger survey of 25,000 passengers. More than one in five passengers were [...]
Budget airline Norwegian takes a beating as it turns to shareholders in bid to raise cash January 29, 2019 Shares in Norwegian Air Shuttle crashed this morning as the company went cap in hand to shareholders after a potential bid for the struggling airline fell through last week. The 3bn Norwegian krone (£268m) fundraise comes as the business tries to move away from the rapid growth which has characterised it in recent years. Read [...]
Boeing and Airbus to deliver $4.3bn worth of jets to Japan in deal with airline ANA January 29, 2019 Japanese airline ANA Group confirmed this morning it is to buy 30 aircraft from US manufacturer Boeing and 18 from European competitor Airbus, nudging the latter’s shares up one per cent this morning. The orders from Boeing and Airbus are worth $2.3bn and $1.99bn respectively, according to list prices, but airlines typically get large discounts. [...]
PG&E files for bankruptcy as wildfires batter California’s biggest utility January 29, 2019 California’s wildfires claimed their latest victim this morning as the state’s main utility provider PG&E filed for bankruptcy. The Pacific Gas and Electric Company said it had submitted a so-called Chapter 11 filing in a bid to deal with potentially $30bn (£22.8bn) in liabilities as its network sparked hundreds of fires. Read more: PG&E burnt to [...]
Royal Mail narrows profit guidance as Brits set to send fewer letters than expected next year January 29, 2019 Shares dropped by around 13 per cent as Royal Mail slashed the upper range of its profit guidance this morning after a 2018 the company would rather forget. But there are further clouds on the horizon as the number of letters sent through the service is set to fall by more than previously forecast next [...]
Electric vehicle drivers struggle to find best tariff deals, charity finds January 28, 2019 Consumers aren't receiving clear enough information to work out the best tariff for their electric vehicles, a charity has found. New research from Citizens Advice, which assists the public with money, legal and consumer issues, said there was also a wide variation in the price of tariffs available and that non-recipients of a charge point grant [...]
Ranked: The best airports for pre-flight dining January 28, 2019 Heathrow Airport has topped a ranking of the UK’s 10 largest airports for pre-flight fine dining, shows research from travel comparison site Netflights. Read more: These are the best and worst airports for flight delays Home to eight of the highest-rated restaurants in the highest price bracket in the country, including House & Prunier Seafood [...]
London snow: TfL ‘working around the clock’ to avoid travel disruption January 28, 2019 Transport for London (TfL) has outlined “well-rehearsed” procedures to “keep the capital moving” ahead of expected snowfall in London and the south-east from tomorrow night. It comes as the Met Office issues a yellow weather warning for “possibly heavy” snow developing overnight on Tuesday and into Wednesday, with accumulations of up to 3cm expected across [...]
