Transportinfo.org.uk - today's transport news in the uk, hand picked for you each morning

Saturday, 01 August 2009

BBC News

• Backing for parking levy bidThe government backs a workplace parking levy for Nottingham, which will part fund a £67m railway station upgrade.
• British Airways makes £148m lossBritish Airways reports a pre-tax loss of £148m in the three months to the end of June, as the global recession hits earnings.
• Safety fears spark Honda recallJapanese carmaker Honda announces it is recalling 440,000 vehicles in the US due to an airbag defect.

Times Online

• US 'cash for clunkers' plan burns through $1bn$The US Government™s
• British Airways jettisons high fares and goes for offers to put ˜bums on seats™British Airways has responded to mounting losses by unleashing an array of special offers and reduced fares to lure back passengers.

Daily Express

• BA reports worst loss but it's not all badBRITISH AIRWAYS yesterday reported the worst loss for the normally busy spring period since it was privatised, yet the shares were flying.

Belfast Telegraph

• Travel tax to blame for cuts: Ryanair Ryanair has denied the recession was to blame for it axing 20% of winter flights from Dublin Airport. Related StoriesMinister rejects rates break plea for industryIncreased lending costs are hitting retailersHD boosts profits for BSkyB as market expandsBelfast is the latest city to join C&W’s networkAd revenue improvement for Trinity Mirror

London Evening Standard

• Hard-up British Airways grounds 22 jetsBritish Airways has been forced to ground 22 of its biggest planes and slash seven routes as it slumped to its first peak-season loss

The Press and Journal (Aberdeen)

• Antisocial bikers warned by policePOLICE in Aberdeen have warned they will get tough with antisocial motorcyclists.
• Challenge for north airports as passenger numbers fall 3%North airports saw a 3% drop in passenger numbers last year in what their operator described as a œchallenging environment.

The York Press

• Duchess of Sutherland starts the Scarborough Flyer summer steam train service THE sights and sounds of the steam era have been brought to life again in North Yorkshire.
• Thieves steal Virgin hot air balloon A HOT air balloon worth around £50,000 has been stolen from a trailer.

International Herald Tribune

• Airline Bid Gets a Nod in EuropeEurope’s antitrust commissioner, Neelie Kroes, said she would approve Lufthansa’s bid for Austrian Airlines with conditions.

Chartered Institute of Logistics and Transport

• Quarterly fall in profits for BABritish Airways (BA) has reported a £148 million loss in its quarterly pre-tax financial results for the three months to June 2009, down from a £37 million profit for the same period of last year.Air freight "continues to be impacted by the worldwide decline in demand" and the firm saw its cargo revenue decline by 28.1 per cent, while volumes dropped by 11.5 per cent and lower levels of fuel surcharges pushed yields down by 18.8 per cent.According to the carrier, revenues fell by 12.2 per cent to £1.983 billion, with passenger revenue down by 12.5 p...

Aviation Industry

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Other News Sources

• Price rises neuter 'bangers for cash'The 'cash for bangers' scheme will leave many buyers no better off because manufacturers have hiked car prices, a report has warned
• British Airways concedes first ever lossThe challenge facing British Airways was laid bare today as the airline revealed it had made its first quarterly loss since privatisation in 1987
• City Link stems losses in second quarterCity Link continued its turnaround in the second quarter, stemming its operating loss...
• Fedex: electric vehicles to remain niche for nowElectric vehicles will remain a niche part of the FedEx Express fleet until there is a major technical breakthrough, according...
• Bankruptcy: If It's Good Enough for GM...A speedy and fair bankruptcy process allows both individuals and companies like GM to resume economic productivity as quickly as possible.
• New GM Accepts Liability For Future ClaimsGM has now agreed to assume responsibility for victims injured due to defective vehicles after the company emerges from bankruptcy protection.
• BA reports £148m loss for three months to June British Airways made a loss of £148 million in the three months to June, reporting its first ever operating loss in what is traditionally a profitable period
• Mayor announces £4million plans to kick-start eco-innovation fundThe Mayor of London, Boris Johnson, today announced proposals for a multi-million pound 'London Green Fund' to boost London's low carbon economy, create jobs and tackle climate change.
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