Heathrow raises earnings forecast to £1.67bn as passengers surpass 61m December 16, 2022 Heathrow has raised its 2022 earnings forecast to £1.67bn as over 61 million passengers are set to pass through its gates this year. The west London hub has increased predictions by £308m following higher revenue and flat operating costs. “Our liquidity position remains strong, and we expect to finish the year with £4.3bn of cash [...]
Tube network thrown into chaos as rail strike continues December 16, 2022 London’s tube network has been thrown into chaos with significant delays and disruption as a result of the rail strikes. Members of the union RMT working at Network Rail and 14 other operators will walk out today and tomorrow as part of a long-standing dispute over jobs and salaries. They will be joined by platform [...]
Virgin Atlantic receive Govt funding for first ever net-zero transatlantic flight December 16, 2022 Virgin Atlantic has made aviation history as it received £1m in government funding to operate the world’s first net-zero transatlantic flight. The London to New York flight – which is set to take off next year – will be fully powered by sustainable aviation fuels (SAFs) instead of kerosene. A byproduct of solid waste and [...]
Elon Musk offloads another £2.9bn of Tesla shares sparking investors’ fury December 15, 2022 Elon Musk has offloaded a further $3.6bn (£2.9bn) worth of Tesla shares, sparking the fury of several investors. The serial entrepreneur announced late last night he relinquished 22 million of the EV giant’s shares between Monday and Wednesday. The $3.6bn sale is the second time Musk has sold part of his stake in the company [...]
Chaos at Heathrow averted as ground handlers suspend 72-hour strike December 15, 2022 Chaos at Heathrow has been averted as ground handlers u-turned and called off a 72-hour strike following an eleventh-hour deal. Members of the union Unite working for aviation firm Menzies have decided to call off tomorrow’s walkout after receiving an improved pay offer. “As an act of goodwill, the strike action scheduled to begin tomorrow [...]
Platform staff accept Network Rail’s pay offer December 15, 2022 Platform staff at Network Rail are getting closer to ending their industrial dispute after members of the union TSSA accepted a pay increase. The union – which didn’t have any strike action planned after calling off its walkout on 17 December – said 85 per cent of members voted in favour of the proposal. As [...]
No10 confirms strike-busting bill paused as ministers look to broaden scope December 15, 2022 No10 has confirmed that its bill on guaranteeing minimum service levels during strike days is being paused as ministers look to broaden its scope. “Essentially we’ve paused that bill and are looking at adding additional measures to it to widen its scope,” said the Prime Minister’s spokesperson. “We haven’t set out exactly the scope of [...]
Train now pay later: Tui launches first fully-funded pilot training in UK December 15, 2022 Tui has launched its first fully-funded cadet training programme in the UK, accepting up to 30 aspiring pilots from September 2023. The 19-month course will be entirely paid by the holiday group, which will later reclaim costs from pilots’ salaries for the first four years of employment. The deducted pay will be at £32,867 post [...]
Avanti West Coast’s incompetence is giving business a bad name December 15, 2022 The reputation of business and market capitalism as a whole can be battered and bruised by just one badly-performing company - like Avanti.
Government to relax the rules on airport liquids from summer 2024 December 15, 2022 Passengers will no longer need to consider how much toothpaste they’re bringing aboard planes as the UK Government is relaxing the rules on airport liquids from the summer of 2024. The limit will be increased from the current 100 ml to up to 2 litres. Putting toiletries into clear plastic bags and removing laptops and [...]