Breaking News
'Cheap’ National Express boss is given a bonus
National Express is boosting the pay of its chief executive Dean Finch, including handing him an extra performance-based share bonus currently worth £550,000, after deciding it hired him “on the cheap”.
Passenger watchdog handles more train complaints
The number of complaints against rail companies has jumped by nearly a third over the past year, watchdog Passenger Focus has reported.
Virgin Atlantic hit by fuel costs
Soaring fuel costs and rising taxes took their toll on Virgin Atlantic as the airline slumped to an underlying loss of £80.2 million.
London 2012 Games bring busiest days in Tube's history
London Underground carried more customers on Wednesday 1 August than on any other day in its history, with 4.25 million passengers. The record was then promptly broken the next day,
Saturday, 04 August 2012
BBC News
- Virgin Atlantic makes annual loss after high fuel costs Virgin Atlantic has reported an annual loss because of higher fuel prices.
Financial Times
- JAL to raise $8.5bn in Tokyo relistingAirline™s plan to relist in the largest initial public offering in Asia this year, comes less than three years after filing for bankruptcy
- BA challenge helps push Virgin into lossUK carrier swings to a pre-tax loss of £80m as higher fuel prices and a stronger competitive challenge from British Airways cause turbulence
- IAG cuts guidance on Iberia woesAirlines group readies job cuts at subsidiary after the Spanish flag carrier records a €263m operating loss in the first half of 2012
- Australian group eyes Stansted airportA stake deal agreed with Industry Funds Management is conditional on Manchester Airports Group winning any future contest for the London airport
The Telegraph
- Four billion reasons why Willie Walsh can sleep soundly at night The most important number in the IAG results is not British Airways’ €13m (£10.2m) operating profit, the 25pc increase in fuel costs or even Iberia’s €263m operating loss.
- British Airways owner IAG plans for Spanish exit from eurozone The parent company of British Airways and Iberia has drawn up advanced plans for what it would do in the event of a Spanish exit from the eurozone.
- Richard Branson's Virgin Atlantic slumps to £80.2m loss Soaring fuel costs and rising taxes have taken their toll on Virgin Atlantic as the airline slumped to an underlying loss of £80.2m.
Press Association
- Virgin Atlantic hit by fuel costs Soaring fuel costs and rising taxes took their toll on Virgin Atlantic as the airline slumped to an underlying loss of £80.2 million.
Daily Express
- Thomas Cook fights backTHOMAS Cook's new boss said she would be booking her summer holidays with the firm yesterday as she vowed to
- BA boss hatches plan for Spanish euro exitINTERNATIONAL Airlines Group has put in place contingency plans for a possible Spanish exit from the euro as it issued a profit warning on a
The Mirror
- Test case could force budget airlines to axe baggage feesThey will say that under a 1960 law the cost of carrying the luggage is included in the price of the plane ticket
Aviation Industry
- IAG goes into the red on Iberia lossesBritish Airways owner weighed down by Spanish economic crisis
- British Airways superjumbo deliveries œpushed backIAG admits that A380s are now likely to be delivered in the second half of 2013
- Virgin Atlantic falls to £80 million lossBritish carrier blames "sky-high" oil prices and economy for deficit
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