Brits opt for last-minute holidays following post-Covid uncertainty May 2, 2022 Brits are booking their holidays later to avoid travel disruption, according to a report published yesterday. Data from Advantage, the UK’s largest consortium of travel agents, showed that 40 per cent of bookings are for the next 12 weeks, with reservations for May half-term holidays down by 5 per cent on 2019 levels. Before Covid, [...]
Fast fashion slammed over cargo plane emissions May 2, 2022 Fast fashion critics have called for more industry regulation after Shein and other retailers have been using planes to deliver their products, often at great environmental cost. According to the data from the CarbonCare emission calculator, a cargo plane used by Shein carries 100 tonnes of cargo, producing around 443 tonnes of CO2 to go [...]
UK audit chief in the running for HS2 top job May 2, 2022 The head of the UK’s accounting watchdog is reportedly in the running to lead the High Speed 2 rail construction project, raising further questions about the future of the country’s audit regime. Sir John Thompson, chief executive of the Financial Reporting Council (FRC), is in the frame for becoming the new chair of the project, [...]
Lloyd’s of London prepares to fight over picking the tab up for $10bn Russian-seized planes May 2, 2022 Lloyd’s of London and aircraft lessors are reportedly going to war over who needs to pick up the tab after more than 400 foreign-leased planes were seized by Moscow following the invasion of Ukraine. Sources told the Telegraph Lloyd’s of London has hired global law firm Clyde & Co to investigate whether insurance claims made [...]
Porsche and Audi to enter Formula 1 in 2026, confirms Volkswagen chief Diess May 2, 2022 Porsche and Audi are working on plans to enter Formula 1, says Herbert Diess, chief executive of their parent company Volkswagen. He said the decision was based on the growth in popularity of F1 in recent years, particularly in the US and among younger audiences. Confirming that Porsche and Audi would enter the series in [...]
Passport delays could cost £1.1bn in cancelled summer trips May 2, 2022 Delays in the processing of UK passports could cost £1.1bn in cancelled summer trips, according to a research published today. Data from the Centre for Economics and Business Research (Cebr) has forecast a 50 per cent probability of timely renewals, with around one million holiday goers facing cancellations. “Assuming that passport holders are somewhat more [...]
Virgin Atlantic accuses Heathrow of ‘cynically’ downplaying recovery to increase fees May 2, 2022 Virgin Atlantic has accused Heathrow of “cynically” downplaying its recovery to increase passenger fees. “With remaining UK travel restrictions now removed, Heathrow is set to be the busiest airport in Europe this year,” a Virgin Atlantic spokesperson told aviation website Simpleflying today. The airline accused the London-hub of “seeding doubt in the strength of demand” [...]
Qantas buys 12 new planes in bid to conquer ‘final frontier’ of 20-hour flights down under from London and New York May 2, 2022 Australia’s national airline Qantas has ordered 12 huge new luxurious planes as it confirmed plans for new long-haul routes from London and New York, to conquer the “final frontier” of aviation. The carrier will launch 20-hour flights on Airbus A350-1000s, complete with wellbeing zones and extra measures for comfort, taking passengers down under from across [...]
Brexit from the moon: Dover lorry queue can now be seen on Google Earth April 30, 2022 As hundreds of lorries continue to queue before they can board a ferry in Dover, it has emerged that the unprecedented queue can now be seen on Google Earth. Earlier this month, a 25-mile coastbound stretch of the M20 was closed to store thousands of lorries heading for the Port of Dover or Eurotunnel as [...]
Easyjet partners with aerospace supplier GKN on £54m hydrogen project April 29, 2022 Easyjet announced today it has partnered with aerospace supplier GKN Aerospace to develop hydrogen fuels for aviation. The airline will support the development GKN Aerospace’s projects on hydrogen combustion and hydrogen fuel cell technology as part of its pledge to reach net-zero emissions by 2050. Easyjet said it will focus on the operational requirements and [...]