On the Beach hits record bookings as CEO hails ‘most successful summer’ ever September 13, 2023 On the Beach has revealed a record year of bookings as it emerges from one of the busiest summer seasons of travel on record. In a trading update this morning, the package holiday retailer reported a 26 per cent rise in total transaction value (TTV), which represents gains in holiday bookings pre-cancellation, to deliver a [...]
Aircraft leasers and asset managers leap on jet shortages September 12, 2023 Aircraft leasing groups and aviation asset management firms are pouncing on supply chain bottlenecks and surging travel demand, but potentially risking airlines’ cost base as rates to secure jets rise. A combination of booming travel demand and a limited supply of jets at manufacturers Airbus and Boeing have led to airlines to increasingly rely on [...]
Uber’s driver numbers doubled since landmark court ruling — but will passengers be safe from fare hikes? September 12, 2023 More than 100,000 UK drivers are now earning on the app each week, an increase of 85 per cent since the change, Uber said.
City groups call for action to prevent government rail fare hike September 12, 2023 Ticket prices could shoot up eight per cent if the DfT uses the same metric as it did this year to calculate the increase.
Lime watching IPO market ‘very, very closely’ as operator reports record results September 12, 2023 The CEO of e-scooter giant Lime has said the company is watching the IPO market “very, very closely” ahead of a potential listing next year or the year after. Speaking to Morning Wire Lime boss Wayne Ting said “what we want to see is tech IPOs happening and going successfully, and there’s great investor interest [...]
Rail strikes: Transport secretary and unions haven’t met this entire year September 12, 2023 Rail strikes continue to frustrate commuters but ministers are still refusing to step in to the middle of the dispute
BMW: Mini production to stay in UK despite Brexit difficulties September 11, 2023 BMW will announce plans to build its next-generation electric Mini in Oxford after securing a Government funding package.
Stansted Airport reports second busiest month on record despite air traffic chaos September 11, 2023 London Stansted airport has reported its second busiest month on record, soaring ahead of pre-pandemic passenger levels as it outpaces other hubs.
‘If Elon Musk was born a Brit he wouldn’t have raised a penny’: Why Tevva Motors is shunning the UK for the US September 11, 2023 The executive chair of electric truck supplier Tevva Motors has bemoaned London markets as “risk averse" as the firm heads across the pond.
Trainline results: Can bumper European bookings help weather UK strikes? September 11, 2023 Trainline investors will be looking ahead with anticipation to Thursday’s trading update, to see whether the ticketing business can continue this year's stellar performance.