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City and finance

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Heathrow and IHG among founder members of new business council
Airport and hotel giant among frontrunners ‘to design and drive the future of the British economy’
How a glut of bargain A380s prompted a new venture
How a glut of bargain A380s prompted a new venture
Access to cheap Airbus A380s has given new transatlantic carrier Global Airlines the impetus for a spring 2024 launch – TTG’s Gary Noakes digs a little deeper into the UK’s newest airline
ITA Airways was formed in 2021 after the Italian government bailed out Alitalia
Lufthansa takes major step towards acquiring Alitalia successor
German carrier’s €325/41% stake in the airline, born out of the ashes of Alitalia, paves the way for a complete buyout
The body was retrieved from a Tui Airways flight (Image credit: Tim Dennert/Unsplash)
Tui secures €2.7 billion loan extension tied to sustainability targets
Tui agrees a deal with banks that sees a refinancing loan extension tied to emissions reduction
Five things to consider when claiming from your Business Interruption insurance policy
Quarter of Brits avoiding travel insurance due to cost, data finds
Around 3.2 million British tourists said they didn’t get travel insurance as it is too expensive
The cases relate to passengers who opted not to travel against government travel advice
Ryanair grows market share ahead of ‘largest-ever’ summer schedule
Chief executive Michael O’Leary forecast ‘enormous growth opportunities’ as the budget carrier posts its financial results for the year to 31 March
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Advantage conference: Agents told to maximise ripe market opportunities
Professor Trevor Williams told Advantage delegates on Sunday (21 Mya) that there are plenty of business opportunities even despite the current economic shocks
Interest rates have risen to their highest level since 2008 (Credit: Pixabay / Pexels)
Travel rebounds again in April but sector’s recruitment woes continue
According to Lloyds Bank, travel and hospitality were less concerned about the future impact of inflation, and more optimistic about future output growth
(Credit: Heathrow airport)
Heathrow airline fees row set to roll on longer
Heathrow and airlines are given longer to make submissions to CMA in row over passenger fees
EasyJet chief executive Johan Lundgren
EasyJet boss: 'There's no barrier to expansion of our holidays division'
EasyJet boss says the airline is in a unique position for unconstrained expansion of its package business
EasyJet holidays ‘to grow beyond expectations’ this summer
EasyJet holidays reveals expansion plans after tripling customers
Operator to launch in Switzerland and is exploring other new European source markets after a 200% increase in first half customer numbers
This new service is easyJet's second Scottish route announced this month
EasyJet trims winter losses after unlocking post-Covid demand
Airline reports first-half headline loss before tax for the six months to 31 March of £421 million, down from £540 million during H1 last year
Long-haul among On the Beach’s fastest growing divisions
Long-haul among On the Beach’s fastest growing divisions
Chief financial officer Shaun Morton told TTG on Tuesday (16 May) the previously untapped long-haul market now comprises 8% of On the Beach’s total business
On the Beach reaps rewards of spike in average booking prices
On the Beach reaps rewards of spike in average booking prices
The OTA revealed record first-half total transactional value of nearly £500 million on Tuesday (16 May)
Travel Counsellors' chief executive Steve Byrne
Travel Counsellors 'accelerating rapidly' towards becoming £1bn+ business
Homeworking giant’s total transaction value increased to a record £719.4 million in 2022, up from £631 million in 2019
Center Parcs will begin reopening its villages from 13 July
Center Parcs placed up for sale with £4-5 billion price tag – reports
Canadian private equity firm Brookfield acquired the brand’s UK operation in 2014 for around £2.4 billion
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More travel firms likely to offer non-flight packages
Atol reform could further “squeeze” number of operators holding licences
Norwegian had to significantly extend capacity reductions during March
Norwegian Air confident of strong summer after weathering low season
Reborn carrier reveals reduced first-quarter losses after reining in capacity
Weiss: 'If there’s one thing that will be with me for ever, it was that feeling of being humbled by the team.' (Credit: Virgin Atlantic)
Virgin Atlantic unlikely to return to profitability this year, chief admits
Carrier pushes back profitability forecast to 2024, with chief executive Shai Weiss characterising 2023 as a ’year of delivery’
The body was retrieved from a Tui Airways flight (Image credit: Tim Dennert/Unsplash)
Tui eyes 'profitable UK growth' through higher value products
Speaking after the company published its financial results for the second financial quarter (three months to 31 March 2023), Tui chief Sebastian Ebel said the business will utilises all of its brands to increase its UK market share
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Miss World contest investor plans to start UK airline
The co-owner of the Miss World beauty contest plans to start an airline in the UK
Former Thomas Cook staff nesteggs are safe
Thomas Cook pensions saved following Aviva deal
Former Thomas Cook employees will see their pensions paid as normal following deal with insurance giant
'There are several issues that travel firms must yet be mindful of to survive Covid-19'
Brits continue to prioritise holiday spending despite inflation
Spend with airlines increased by 32.1% year-on-year in April, a slight uplift compared with March (28.5%)
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‘Exceptional’ Q1 bookings help RCG upgrade 2023 profit projections
It comes after this year’s wave period started earlier and extended further, generating a record level of bookings