BP veteran Tufan Erginbilgic secures Rolls-Royce’s top job as Warren East departs after eight years July 26, 2022 Former BP executive Tufan Erginbilgic has been named as the new chief executive of engine maker Rolls-Royce, succeeding outgoing boss Warren East. The group said Erginbilgic will take on the role on January 1 next year. It comes after East announced in February that he planned to leave at the end of 2022 after eight [...]
Travel disruption gives easyJet £130m loss but flights filling up for next quarter July 26, 2022 Travel disruption due to short-staffing led to easyJet suffering a £130m loss in the three months ending in June. The low-cost airline had a pre-tax loss of £114m due to the impact of cancellations, but its earnings before interest, taxes, depreciation, amortization, and restructuring or rent costs (EBITDAR) was a profit of more than £100m. [...]
Union accuses Grant Shapps of blocking strike talks July 25, 2022 Transport secretary Grant Shapps was accused of blocking the negotiations between rail operators and unions that could end the ongoing strikes. The Trades Union Congress (TUC) called on Shapps to “stop prolonging the rail dispute” which has threatened to bring the country to a standstill. “Transport secretary Grant Shapps is giving secret instructions to rail [...]
Rail staff announce ANOTHER two days of strike July 25, 2022 Members of the union TSSA working as station and operational staff at seven rail companies have called for another two days of strike. The industrial action will take place on 18 and 20 August and will impact services on Avanti West Coast, c2c, East Midlands Railway, CrossCountry, Great Western Railway, LNER, and Southeastern. Meanwhile, workers [...]
O’Leary deserves credit for flying Ryanair through the Covid-19 storm July 25, 2022 Michael O’Leary is not everybody’s cup of Irish tea. But the Ryanair boss would be right to enjoy a celebratory cuppa aboard one of his flights (that’ll be €2, fella) as his airline returns to profitability in a summer marked by chaotic scenes across Europe at his rivals’ check-in desks. The story of how is [...]
Avert economic damage rail strikes will cause, say London businesses July 25, 2022 London businesses have called on unions, operators and the government to find a solution to the ongoing railway strikes “and avert the economic damage” they will cause. “The week-long rail disruption in June caused footfall in the capital to drop by up to a quarter compared to the previous week,” Ruth Duston – chief executive [...]
Lastminute.com: CEO and COO arrested over covid fund misuse claims July 25, 2022 Lastminute.com has appointed an interim CEO following the dramatic arrest of its two directors in Switzerland. The online travel company was rocked on Monday when Fabio Cannavale (CEO) and Andrea Bertoli (COO) were held by Swiss authorities, under investigation for allegedly misusing Covid support funds. In a statement issued on Monday, the company said it [...]
Eurostar cancels London-Paris services as getaway chaos continues July 25, 2022 Travellers between Paris and London have been left stranded as Eurostar today was forced to scrap two morning services, causing delays. Trains were cancelled after parts of the French high-speed line were closed yesterday due to a broken down train People took it to Twitter to complain about the situation. One user described the queues [...]
Ryanair exec blames airports for travel chaos, arguing ‘they had one job to do’ July 25, 2022 Ryanair’s chief financial officer Neil Sorahan has blamed airports for the travel chaos, arguing they only had “one job to do.” “The airports themselves, they had one job to do and that was to make sure they have sufficient handlers and security staff,” Sorahan told the BBC’s Today programme this morning. “We managed to staff [...]
Exclusive: Octopus Energy urges rival Centrica to work with them to protect consumers July 25, 2022 Octopus Energy wants to work together with rival Centrica and market regulator Ofgem to protect households ahead of the cold winter months.