Airlines face quadruple costs for jet-fuel alternatives, new report warns June 6, 2023 The cost of sustainable aviation fuels (SAF) will remain up to four times higher than jet fuel until 2050, according to new analysis from Bain and Co, feeding concerns over the affordability of a key component of airlines’ current net zero strategy. Consulting firm Bain and Co’s new report found that SAF prices in 2050 [...]
British Airways and Boots hit by cyber attack with UK staff bank details stolen June 5, 2023 British Airways and retailer Boots said their staff were amongst those hit by a cyber attack on Zellis, a payroll provider used by hundreds of companies in the UK. British Airways, owned by IAG said it had notified affected employees and was providing them with support. “We have been informed that we are one of [...]
Eurostar forced to suspend London-Amsterdam route June 5, 2023 Eurostar’s London to Amsterdam route will be suspended for at least a year due to engineering works in the Dutch capital, it has been confirmed today. A spokesperson for Eurostar said: “We have received confirmation from the Dutch government that Eurostar will not be able to run the Amsterdam route from June 2024 until April [...]
‘Pandemic years are behind us’: Global airlines’ profits to double to $10bn this year June 5, 2023 The airline industry’s primary trade body has doubled its global profit outlook for the sector this year to nearly $10bn (£8bn), as travel restrictions have all but disappeared and the world returns to international travel after the Covid-19 pandemic. Global airlines are predicted to see total revenues of $803bn (£648bn), according to the International Air [...]
Ryanair slams EU chief for ‘ignoring’ a million passengers during French strikes June 5, 2023 Ryanair has hit out at the President of the EU Commission Ursula von der Leyen, for “ignoring” over a million passengers calling for the protection of overflights during ongoing strikes action. The budget airline said it is “utterly unacceptable” that von der Leyen is “ignoring these more than 1.1 million passengers, who are sick and [...]
E-bikes and scooters could disappear from UK without Government action, warns industry June 4, 2023 Delays to legislation covering electric bikes and scooters is preventing manufacturers from expanding in the UK, and could even see them leave the British market altogether if new rules aren't passed soon, the government has been warned.
Wizz Air to report heavy losses after fuel price spike – but is a recovery on the horizon? June 4, 2023 Analysts expect Wizz Air to report a net loss of nearly half a billion pounds this week as soaring jet fuel costs weigh the budget airline down. Aarin Chiekrie, equity analyst at Hargreaves Lansdown, said while a strengthening Euro offered some relief to rising fuel costs, “these still rose by north of 60 per cent [...]
London Euston and Paddington deserted as 12,000 strike on FA Cup Final and Epsom Derby day June 3, 2023 Two of the busiest train stations in London were almost empty on Saturday morning as train strikes continue into their second day. Around 12,000 members of the drivers’ union Aslef and the Rail, Maritime and Train (RMT) union are on strike over pay and working conditions, affecting 15 train companies. Platforms at Euston Station in [...]
World’s joint-biggest cargo ship leaves UK after first visit June 2, 2023 The world’s joint-largest cargo ship has set sail from the UK after its first visit. The 1,300ft (400-metre) MSC Loreto vessel is capable of holding 24,346 standard containers, which is currently the record number. It shares this title with its sister vessel, the MSC Irina. MSC Loreto arrived at the Port of Felixstowe in Suffolk, [...]
Strikes by RMT members continue today causing travel disruption June 2, 2023 Strikes by railway workers continued on Friday, causing fresh travel disruption for passengers. Members of the Rail, Maritime and Transport (RMT) union employed by train operators across England walked out in a long-running dispute over jobs, pay and conditions. Train services were disrupted by the action, which comes almost a year after the RMT held [...]