Flybe is expecting profits to tumble after Beast from the East takes its toll June 17, 2018 Regional airline Flybe is expected to reveal nosediving profits on Tuesday following a series of setbacks from poor weather. Annual pre-tax losses for the firm are forecasted to reach £15.7m, a significant rise from £6.7m in 2017. However, the City is expecting a seven per cent growth in revenue from £707m to £755m. The "Beast [...]
Rolls-Royce files patent for electric jet engines June 17, 2018 Engineering giant Rolls-Royce has filed a patent for a new type of electric engine that could revolutionise commercial air travel, as it strives to streamline its operations through large-scale job cuts. The British firm’s Indianapolis research team filed a patent in the US in November for a “combined AC and DC turboelectric distributed propulsion system,” [...]
Siemens Mobility lands £1.5bn TfL contract to design and make new Piccadilly Line trains June 15, 2018 Transport for London (TfL) has announced that Siemens Mobility has landed a £1.5bn contract to design and build the next generation of Tube trains for the Piccadilly Line. The capital's transport body said 22 UK suppliers had been identified in the bid to potentially work with Siemens Mobility on the build of the trains. The [...]
Incomplete journeys on the Tube could become history as TfL allows passengers using contactless to get payment updates on the go June 15, 2018 Incomplete journeys on the Tube could soon become a thing of the past for passengers with a penchant for contactless. Transport for London (TfL) has announced this morning that customers can now check their contactless journey history using their phone on the go, with real-time updates on the TfL app. Half of all Tube and [...]
Govia Thameslink Railway chief executive Charles Horton resigns after ‘huge frustration’ caused by train timetable troubles June 15, 2018 The boss of Southern rail parent company Govia Thameslink Railway (GTR) Charles Horton is stepping down, it was announced today. Horton said: I recognise that passengers have been hugely frustrated at the significant disruption caused by the introduction of new timetables. It is the right time to hand leadership of GTR to a new pair [...]
Rolls-Royce shares rise 10 per cent following bullish growth forecasts after restructuring plan June 15, 2018 Shares in Rolls-Royce were flying 10 per cent higher today after the car and aviation manufacturer said it was on track to exceed its target of £1bn of free cash flow by 2020. Shares in the company stood at 972.2p, slightly down from an earlier morning rally in which they were trading at 999.8p. Rolls-Royce [...]
Chris Grayling tells rail companies compensation for disrupted passengers is ‘not optional’ following complaints over payouts June 15, 2018 Chris Grayling has told train companies that customer compensation is not "optional" following an investigation that suggested misleading advice was still being to customers. The transport secretary has written to train operating companies following an investigation by consumer watchdog Which? that found some were still refusing to consider consequential loss claims despite being obliged to [...]
Outgoing Network Rail chief Mark Carne turns down £70,000 bonus over ongoing train timetable saga June 15, 2018 The outgoing boss of Network Rail Mark Carne has turned down his annual £74,000 bonus for the year following the company's role in the ongoing timetable disaster that has wreaked havoc across London and the North. Rail Magazine reported that Carne had written to the Network Rail chairman, Sir Peter Hendy, to say that he [...]
Incomplete journeys on the Tube could become history as TfL allows passengers using contactless to get payment updates on the go June 15, 2018 Incomplete journeys on the Tube could soon become a thing of the past for passengers with a penchant for contactless. Transport for London (TfL) has announced this morning that customers can now check their contactless journey history using their phone on the go, with real-time updates on the TfL app. Half of all Tube and [...]
Ryanair calls for urgent action to prevent air traffic control strikes causing summer ‘meltdown’ June 14, 2018 Ryanair has called on EU governments to intervene in the ongoing crisis over Air Traffic Control (ATC) services, warning that if something is not done there will be a "meltdown" this summer. The budget airline has issued its call to arms as it prepares to grapple with more strikes by ATC staff in France this [...]
