City and finance

Jet2: 'We're delivering the right product for challenging times'

Airline and operator ’on track’ to deliver full-year profits of £400 million to £520 million, in line with guidance, despite ’well-publicised external challenges’

Chancellor spells out National Insurance reform and freezes business rates

Chancellor Jeremy Hunt reveals big National Insurance reforms and freezes business retail rates in his Autumn Statement

US specialist collapse sees Protected Trust Services step in

Protected Trust Services has taken on the bookings of a Florida and US specialist which has ceased trading

Spending with agents continues to defy economic headwinds, new Barclays data shows

Year-on-year consumer spending with travel agents rose by 9.6% last month, while travel booking transactions increased by 12.3%

Ryanair hopeful of €2bn+ full-year profit following 'strongest summer ever'

The Irish low-cost carrier announced on Monday (6 November) its full-year profit will range between €1.85 and €2.05 billion

RateHawk aims to turn UK into one of its top three markets

The online booking system has opened an office in London and doubled the size of its UK team this year

Online Travel Training ceases trading and calls in insolvency specialists

Automated email response from managing director Julie Feuell confirms training supplier’s demise

Awaze to axe James Villas brand risking 40 jobs

Awaze chief executive Henrik Kjellberg said James Villas represented less than 1% of the group’s total portfolio

British Airways parent IAG posts record €1.75bn summer profit

IAG pockets summer operating profit of €1.745 billion, up from €1.218 billion a year earlier

Luxtripper suspends operations amid race to secure new funding

The luxury operator has suspended operations amid a financial restructure

Competition watchdog backs Heathrow passenger fee increase

The Competition and Markets Authority has backed the CAA’s decision on Heathrow airport’s fee increases, meaning a rise in fares

Fred Olsen Cruise Lines names new chief as Peter Deer takes up another role

Fred Olsen Cruise Lines has confirmed a change at the top, bringing in an executive from a leading German tour operator, with serving managing director Peter Deer moving into a new chief financial officer role

Eurostar boss confident of reaching 30 million passenger mark by 2030

Chief executive Gwendoline Cazenave told TTG the ambition was in sight even as the line struggles to scale up its operations to meet demand

EasyJet sets ambitious new £1 billion growth targets after record summer

Chief executive Johan Lundgren said on Thursday (12 October) the targets will be achieved by reducing winter losses and growing easyJet holidays

Spending momentum ‘still with travel in September’, says Barclays

New figures from Barclays show spend on travel continued its healthy upward trajectory last month

Attraction World exec team take stakes in group following US-backed buyout

Chief operating officer Justin Mahoney hails the attraction ticket specialist’s buyout by a newly formed consortium as ‘game-changing’ for agents

Barrhead parent: 'There's a huge opportunity for high street growth over the next five years'

John Lovell, president of Barrhead’s parent company Travel Leaders Group, has reiterated his support for the Scottish agency

Malta confirms shut down of national airline in 2024

Air Malta closure confirmed by Maltese government with new carrier to rise from the ashes

'Don't rely on peaks': Jet2 chief cautions agents against complacency

’We’ve got to really use this period to strengthen our business,’ said Steve Heapy, addressing the Barrhead Travel conference on Wednesday

Portuguese government to sell majority stake in national carrier Tap

Finance minister Fernando Medina said the cabinet had approved the sale of 51% of the company, while giving employees a 5% stake, opening the carrier up to being privatised

'The booking waiting game' and six other 2024 trends

Industry experts gave their outlook on the months ahead at TTG’s Agenda 2023 Autumn Breakfast

Growth in cruise and travel drives 15% increase in Saga's half-year revenue

Chief executive Euan Sutherland said on Wednesday (27 September) the holiday group was on track to deliver ’double-digit’ growth for the full year

Flight sales up by nearly a quarter in August – Nationwide

Nationwide Building Society sees big jump in August flight sales but warns cost of living increases will threaten disposal income as winter fuel bills arrive

Socio-economic headwinds lead to fall in travel and tourism deals worldwide

Inflation and recession fears have led to a fall in the volume of travel and tourism business deals worldwide, data shows