Airports operator BAA has today reported a rise in passenger numbers at its six British airports in July. BAA, which is majority-owned by Spain’s Ferrovial, said 11 million passengers flew from its UK airports during the month – a rise of 0.8% on an annual basis. Meanwhile, Heathrow, which is the UK’s main airport, saw [...]
Airports operator BAA has today reported a sharp rise in passenger numbers at its six British airports in May. BAA, which is majority owned by Spain’s Ferrovial, said 9.3 million passengers flew from its UK airports during the month, boosted by the late Easter holiday and the Royal Wedding, which led to an increase in [...]
The International Air Transport Association (IATA) has again revised its forecasts for the airline industry. The forecasts have been revised on the back of surging oil prices, according to the industry body, and could force some airlines out of business. Many airlines went bust when fuel prices rose in 2008. Oil prices reached a peak [...]
Irish no-frills airline Ryanair has today reported a rise in annual profits despite higher jet fuel costs, which continue to rise due to the political unrest in the Middle East. The budget carrier said fuel costs grew by 37% during the 12-month period to the end of March. Meanwhile, passenger numbers were up 8% in [...]
The International Air Transport Association (IATA) has today reported a slump in premium air travel, attributed to the Japanese earthquake and tsunami and the political unrest in Libya and the Middle East. Passengers travelling business or first class on international routes were 2.9% higher on an annual basis in March, compared with a 7.8% rise [...]
Airports operator BAA has today reported a marginal rise in passenger numbers at its six British airports in March. BAA, which is majority owned by Spain’s Ferrovial, said 8.27 million passengers flew from its UK airports during the month, compared with 8.19 million in the same month a year ago. Heathrow, which is the UK’s [...]
Irish budget airline Ryanair has today posted a loss of €10.3 million (£8.8 million) in the October to December period, due to the severe wintry weather in Europe last month, as well as the strike action by French air traffic controllers. However, the loss was lower than the €10.9 million reported in the year ago [...]
Airports operator BAA has today reported a rise in passenger numbers at its six British airports in September – picking up from recent falls. BAA, which is majority owned by Spain’s Ferrovial, said passenger traffic grew 3.3% in September year-on-year. The group said 9.9 million passengers flew from its UK airports during the month. Meanwhile, [...]
BAA has today reported a further fall in passenger numbers at its six British airports, as a result of the Icelandic volcanic ash cloud, which affected UK airspace during the month. BAA, which is majority owned by Spain’s Ferrovial, said passenger traffic fell 4.5% in May year-on-year. However, London’s Heathrow airport was worst affected seeing [...]
Budget airline Ryanair has today announced it returned to profit for the year to March after reporting its first annual loss a year ago. The airline unveiled pre-tax profits of €341 million (£289 million) for the year and said it intends to pay a one-off dividend to shareholders totalling €500 million – the first one [...]
BAA has today reported a fall in passenger numbers at its six British airports, after the Icelandic volcanic ash cloud forced UK airspace to close. The volcano, located under the Eyjafjallajokull glacier about 100 miles east of the capital Reykjavik, erupted in the early hours of 14 April. The massive cloud of ash is a [...]
BAA has today reported a fall in passenger numbers at its six British airports, due to seven days of strikes by British Airways (BA) cabin crew. BAA said passenger traffic fell 1.5% year-on-year in March and lost a total of 200,000 passengers at its UK airports because of the industrial action. Heathrow airport saw 180,000 [...]
The airline industry has been hit hard during the global economic downturn, which has led to a slump in demand for air travel with fewer people travelling. Many airlines went bust during the downturn, not just due to a fall in demand but also as a result of higher fuel prices. According to the International [...]
Eurostar, the Cross-Channel rail service, has reported a rise in ticket sales and passenger numbers for the 2009 year. The train service that links the UK to France and Belgium said sales totalled £675.5 million – a rise of 1.7% compared with 2008. The service carried 1.2% more passengers in the year, with total traffic [...]
The International Air Transport Association (IATA) is forecasting big losses for the airline industry next year but added that “the worst is likely behind us”. According to the industry body, airlines will suffer losses of $5.6 billion (£3.5 billion) in 2010 – an increase from the $3.8 billion it originally predicted. IATA said that European [...]
Budget airline easyJet has posted a severe fall in profits for the full-year to the end of September as a result of rising fuel costs. The airline posted underlying pre-tax profits of £43.7 million, compared with £123.1 million in the same period a year earlier – a fall of 64.5% However, the no-frills airline said [...]
The global economic downturn has forced many airlines out of business as fewer people are travelling by air and Irish airline, Aer Lingus, is no exception. According to the carrier, long-haul numbers plummeted 13% in the three months to September with sales falling by 9.7% in the same period. However, the number of short-haul passengers [...]
Europe’s largest no-frills airline, Ryanair, has posted its first annual loss, which it attribute to rising fuel costs, lower fares and the write-down on the value of its stake in Irish rival Aer Lingus. The airline made a net loss for the 12 months to the end of March of €169 million, compared with a [...]
M&S Money launches 3% cash ISA
M&S Money has launched an Advantage Cash ISA paying 3 per cent, and which allows transfers in from other ISAs. It can be opened with a minimum deposit of £100 lump sum followed by minimum monthly deposits of £25. The 3% rate is variable, but there is no short-term bonus so the return won’t plummet [...]
Google suspends UK Compare Mortgages site
Google has closed its UK mortgage comparison site which it launched in July last year, after it proved to be less popular than expected. Mortgage comparison sites are designed to allow visitors to compare mortgages quickly and easily without having to visit each lender’s individual site. Google was competing with several well-established comparison sites, including [...]
AA launches ‘black-box’ policy for young drivers
The AA is launching an innovative car insurance policy called Drivesafe which could help younger drivers save up to £850 a year. Younger drivers already pay substantially higher premiums than other motorists and these costs are increasing. A new study by Confused.com suggests insurance costs for younger driver have gone up by 5.7 per cent [...]
ATOL scheme updated to protect online bookers
ATOL, a financial protection scheme managed by the Civil Aviation Authority, is being extended to protect up to six million more holidays a year. The scheme ensures that holiday makers do not lose out financially if a travel company collapses, and that they are not stranded abroad. An increase in the number of holidays booked [...]
Home repossessions lowest for four years
The number of UK homes repossessed fell to 36,200 in 2011, significantly below the Council of Mortgage Lenders’ forecast of 40,000, and lower than 2010 when 37,100 homes were repossessed. With interest rates remaining low and lenders adopting a sympathetic attitude to customers in financial difficulty, repossessions fell to their lowest level since 2007. However, [...]
Monthly pay lasting just 17 days
Workers are running out of money just 17 days after receiving their monthly pay, according to new research by the Halifax bank. This means that the average UK worker spends half the month worrying about money. The study, based on the responses of more than 2,000 adults, found that 10 per cent of workers start [...]
Women disadvantaged by auto-enrolment changes
Government proposals to increase the auto-enrolment threshold to £10,000 could put 1.8 million women at risk of missing out on a pension, the TUC has warned. Under the auto-enrolment scheme, which will be phased in from October, private sector employers will automatically enrol workers between the age of 22 years and the state pension age, [...]
Emergency household repairs company Homeserve is taking longer than expected to get back on track after its operations were suspended last October. The company expected customer numbers to fall by 5% this year but it has increased this estimate to 8% and announced the loss of 200 jobs. It estimates that renewal revenue in 2013 [...]
Sale rumoured for Yorkshire and Clydesdale banks
There is growing speculation that National Australia Bank (NAB) may sell Yorkshire Bank and Clydesdale Bank after the Australian parent company announced a strategic review of the two banks’ operations. The Australian economy is performing well and NAB reported strong profits for the final quarter of 2011 but with the UK economy at a virtual [...]
More women experiencing debt difficulties
Women in Debt, which offers female-focused debt advice, has warned that the number of UK women facing serious debt has grown significantly over recent years. The organisation believes that more women will need advice on solving debt problems in the future because they are building up an unsustainable level of indebtedness. Women in Debt’s director, [...]
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