Aircraft orders still lagging behind despite UK airlines hitting 2024 high August 23, 2024 The number of aircrafts being ordered by UK airlines hit its highest monthly figure in July as a slew of deals at the Farnborough Airshow helped the industry weather wider supply chain issues. Some 131 orders were placed over the month, outpacing every other month in 2024 and representing the largest July delivery rate on [...]
Loveholidays: How CEO Donat Rétif tripled profit by ‘democratising’ travel August 2, 2024 Donat Rétif has only been the CEO of Loveholidays since 2019, but under his leadership the vacation marketplace has experienced explosive growth across all major metrics, doubling its revenue, tripling its pre-tax profit and quadrupling its workforce.
Easyjet ‘on track’ for another record summer as profit rises on strong travel demand July 24, 2024 Chief executive Johan Lundgren said the strong performance had been driven by booming demand for the Easyjet's network of routes.
Rolls-Royce signs £232m private jets deal July 23, 2024 Rolls-Royce has signed a deal with American private jet carrier JSX worth $300m (£232m) over ten years.
Virgin Atlantic buys seven new planes from ‘main dance partner’ Airbus as it targets return to profit July 23, 2024 Virgin Atlantic has ordered seven new plans as it looks to complete its multibillion-dollar fleet transformation and return to the black.
Is the post Covid boom over? A reality check for Ryanair, Easyjet, Wizz Air and Jet2 July 23, 2024 Monday saw shares in Easyjet, Wizz Air, Jet2 and British Airways owner the IAG plunge dramatically after an unexpectedly poor set of results from Ryanair.
Shares in Ryanair rivals Easyjet, Wizz and Jet2 slump after Michael O’Leary’s warning July 22, 2024 "Fares are now moving materially lower than the prior year and pricing… continues to deteriorate," Ryanair's boss Michael O'Leary said in a presentation announcing its latest results.
Ryanair: Michael O’Leary says summer fares will be ‘materially lower’ as profit falls July 22, 2024 Chief executive Michael O'Leary warned shareholders that fares in the upcoming quarter would be "materially lower than last summer."
Stranded airline passengers told to ‘come on down’ to Dover port amid IT outage July 20, 2024 Chief executive of the Port of Dover Doug Bannister has encouraged displaced airport passengers to use their ferry services.
Delays at Heathrow, Stansted and Gatwick airports as global IT outage grounds over 4,000 flights July 19, 2024 A global IT outage has wreaked havoc on air travel and caused the cancellation of over 1,000 flights worldwide on Friday - with the number expected to climb as the day progresses.
