Jet2 having a ‘Goldilocks’ moment as travel group hikes its profit expectations April 20, 2023 Leisure travel company Jet2 has raised its profit expectations to between £387m and £392m this morning, for the year ending 31 March 2023. The company has reported sale seat capacity for Summer 2023 as 7.2 per cent higher than the previous year, at 15.26 million. Forward bookings remain encouraging, with package holiday customers representing just [...]
37 per cent of flights delayed last year – but London’s Heathrow, Gatwick and Luton airports not worst offenders March 22, 2023 More than a third of flights to and from UK airports last year were delayed, new figures show. The Civil Aviation Authority (CAA) said an “unacceptable” 37 per cent of flights were at least 15 minutes late in 2022. That is up from 17 per cent in both of the preceding two years and 25 [...]
Half-term holiday bonanza: Britons flock abroad with departures soaring 44 per cent February 9, 2023 Britons are capitalising on the first restriction-free February half-term in two years to flock abroad, according to new data. Figures released today by aviation analytics firm Cirium showed that departures during the coming half term are up 44 per cent on last year’s levels, as 15,455 flights are scheduled to take off from UK airports [...]
Flying start to 2023: Shares up after 16m passengers take to skies on Ryanair and Wizz Air February 2, 2023 Shares for low-cost carriers Ryanair and Wizz Air have gone up this morning after both reported a strong start to 2023, with passenger numbers well above 2022 levels. Ryanair’s passenger numbers soared to 11.8 million in the last month, 69 per cent up on January last year, while Wizz Air’s levels soared 73 per cent [...]
UK reinstates pre-Covid take-off slot rules and tells airlines ‘use it or lose it’ January 31, 2023 The UK government has reinstated its pre-Covid airport slot rules, telling airlines they will need to use their take-off slots 80 per cent of the time, or face losing them. Also known as landing slots, airport slots are the permission needed by an airline to land or depart from a specific airport at a specific [...]
Which? demands boost to aviation regulator’s powers as passengers fume at airlines January 9, 2023 Which? has called on the government to bolster the aviation watchdog’s powers as fresh data reveals that passengers are losing faith in airlines’ ability to provide good customer service. Data published today by the consumer champion found that 39 per cent of adults who flew between January and October 2022 didn’t trust that airlines would [...]
UK airlines and airports lag behind global rivals when it comes to being on time January 3, 2023 UK airlines and airports continue to lag behind international rivals when it comes to being on time, according to new research released today. No British airlines or airports ranked in the top 10 for on-time performance, according to data from Cirium’s On-Time Performance report. Cirium, an aviation analytics firm, considers an airline to be on [...]
Virgin Atlantic’s boss calls Heathrow’s proposed price cap ‘unacceptable’ December 8, 2022 The row between Heathrow and its airport customers has reached a new high after Shai Weiss, the chief executive of Virgin Atlantic, called out the UK aviation regulator over the airport’s interim price cap. Weiss has accused the Civil Aviation Authority (CAA) of “putting the interests of a monopolistic airport and its shareholders ahead of [...]
Willie Walsh: Airlines to post £3.8bn profit next year December 6, 2022 Global airlines are set to return to black next year, said aviation veteran Willie Walsh. According to the International Air Transport Association (IATA), carriers are set to post a collective net profit of $4.7bn (£3.8bn) as more than 4 billion passengers will travel worldwide next year. “That is a great achievement considering the scale of [...]
Wizz Air’s boss: Airline not good candidate for M&A December 1, 2022 Wizz Air is not a good candidate for M&A but it will focus instead on organic growth, boss Jozsef Varadi commented. The chief executive’s remarks came in response to a question on whether Wizz would ever consider acquiring rival Easyjet. Easyjet on the other hand recently said it would not rule out any potential takeovers [...]
