City Airport chief: Post-Brexit London needs us to expand – and fast August 7, 2023 London City Airport’s proposed expansion is “critically important” to keeping the capital ahead of international rivals, its chief executive has argued, as the business travel hub fights with a local council for permission to go ahead with the project. City Airport has been locked in a battle with Newham Council over plans to expand its [...]
Virgin Atlantic pilot strike action up in the air amid fatigue row August 6, 2023 Virgin Atlantic is heading into turbulence pilots are revving up for a potential strike later this year, demanding an end to the pandemic changes that aimed to rescue the airline from bankruptcy. British Airline Pilots’ Association (Balpa), the union representing the pilots, has raised “serious concerns” about pilot fatigue and wellbeing as 96 per cent [...]
Holidaymakers warned of ‘financial sting’ with airport parking – but which is the worst culprit? August 4, 2023 Holidaymakers are being charged up to four times more for airport parking if they pay on arrival rather than in advance, according to new research. Consumer group Which? said its analysis of prices at 16 UK airport car parks revealed the “serious financial sting”. It compared prices for a week’s stay in mid-August paid for [...]
A battery a minute: New car registrations surge as EVs eat into market share August 4, 2023 One new battery electric vehicle was registered every 60 seconds in July, as the UK’s new car market recorded a full year of growth. Registrations of new cars were up more than a quarter (28.3%) in July compared with the same month last year, according to figures from the Society of Motor Manufacturers and Traders [...]
British Airways staff secure 13.1 per cent pay increase – and £1,000 one-off sum August 4, 2023 British Airways (BA) workers have secured a 13.1 per cent pay increase, trade union Unite has said. Staff at the airline will receive the pay increase over an 18-month period, as well as a £1,000 one off payment. The pay offer was “overwhelmingly” accepted by Unite members after a ballot was held, the trade union [...]
Sadiq Khan expands London ULEZ scrappage scheme in wake of Uxbridge by-election loss August 4, 2023 The Mayor of London has announced a major expansion of financial support designed to ease the impact of the capital’s ultra low emission zone (Ulez) on people’s pockets. Sadiq Khan said every Londoner with a polluting car facing charges under Ulez will now be able to receive a grant of up to £2,000 to support [...]
UK minister warns semiconductor industry cannot ‘recreate Taiwan in south Wales’ August 3, 2023 The UK chip sector cannot “recreate Taiwan in south Wales,” tech minister Paul Scully has said, amid concerns that the UK has not pledged enough investment to compete internationally. Speaking to the Financial Times, Scully said that the UK must focus on advanced manufacturing and design instead of looking to out muscles rivals such as [...]
BMW: Shares dip on supply chain warning as carmaker lifts earnings guidance August 3, 2023 BMW’s higher annual earnings forecast failed to chime with investors, as the carmaker warned of a hit from supply chain issues and inflation. The Munich-headquartered firm said it expected an annual EBIT margin of 9-10 per cent, up from 8-10 per cent, as it reported strong demand for vehicles and a doubling of deliveries in [...]
Wizz Air smashes passenger records as CEO predicts further summer growth August 3, 2023 Wizz Air said it carried a record 15.3 million passengers in the three months to 30 June, up 25.5 per cent on 2022, as the ultra-low cost airline swung into profit on the back of soaring demand for travel. The historic traffic figures helped the carrier report a €79m (£68m) profit, up from a €284.5m [...]
Rolls Royce: Aviation rebound sees five-fold profit jump at engine maker August 3, 2023 Rolls Royce reported a more than fivefold increase in half year profit this morning, as it cashed in on soaring demand for jet engines and defence technology.