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City and finance

The aircraft will be delivered during 2024 and 2025 (Credit: British Airways)
BA parent returns to profit for the first time since 2019
The encouraging start to the year for International Airlines Group (IAG) is set to continue into the summer with around 80% of expected quarter-two revenue now booked
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WestJet completes takeover of rival operator and airline
Canada’s WestJet completes deal to acquire rival operator Sunwing and its airline
Horner will focus on maintaining Advantage's business travel
Gray Dawes acquires Florida TMC to continue expansion into US
Acquisition of Express Travel will grow Gray Dawes’s turnover to more than £350 million and employee numbers towards 300
Tui raises further €1.8 billion to repay Covid state aid
Tui completes repayment of Covid bailout package
Operator to focus on “profitable growth” after paying off German government
'There are several issues that travel firms must yet be mindful of to survive Covid-19'
Travel and tourism sector GDP closing in on 2019 peak, data reveals
According to new statistics from the World Travel and Tourism Council (WTTC), the industry will be 5% off 2019 levels by the end of 2023
Heathrow welcomed 61.6 million passengers in December 2022 (Credit: Heathrow airport)
Heathrow blames CAA fees settlement for failure to return to profit
Airport trims Q1 losses and vows to challenge CAA’s passenger fees settlement
BA parent's Air Europa bid reportedly set to face lengthy EU probe
BA parent's Air Europa bid reportedly set to face lengthy EU probe
The deal may even be blocked over fears it could lead to higher ticket prices
A strike by BA pilots would be the first for 40 years
Scottish aviation flight school ceases trading after 53 years
Tayside Aviation Flight School confirmed on Thursday (20 April) administrators had been appointed
Holiday Extras reportedly considering stock market floatation
Holiday Extras reportedly considering stock market floatation
Holiday essentials firm mulling a move to go public five years after it staged a management buyout, Sky News reports
Jet2 and easyJet Holidays are making the most of the return to the beaches (Credit: iStock)
Why Jet2 and easyJet offer the industry reasons to be cheerful
Despite double-figure inflation, soaring energy bills and rising mortgage rates package holiday operators are still reporting healthy demand
Mergers and acquisitions, M&A
Travel M&A activity ‘gaining momentum’ and expected to accelerate this year
CAA’s proposed changes to the Atol scheme cited as one reason for long-time business owners looking to sell up
Jet2 has 98 new Airbus aircraft on firm order, with options to increase this to 146 (Credit: Ondrej Bocek / Unsplash)
Spike in package bookings sees Jet2 upgrade full-year profit forecast to nearly £400m
Airline and operator says forward bookings ‘remain encouraging’ with package holiday customers and load factors both up on summer 2022
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Tourism sector one of the UK's ‘strongest performing’ industries
Strong activity in the sector follows a recent surge in holiday bookings, Lloyds Bank reported
Agents propel Explore Worldwide towards promising financial year
Agents propel Explore Worldwide towards promising financial year
Explore Worldwide has already outsold 2018/19 half-way through its current financial year
Air Malta is the first of Classic Package Holidays' new partner carriers
Air Malta to be replaced ‘by the end of the year’
Replacement for Air Malta has been agreed, the airline’s chairman confirms
5. Think opportunities, rather than barriers, when selling cruise
‘The UK will likely face flat growth but shouldn’t enter a recession’
The Barclays Travel Forum heard that while consumers feel they have less money, it’s not stopping them from spending on large purchases
EasyJet holidays ‘to grow beyond expectations’ this summer
EasyJet holidays ‘to grow beyond expectations’ this summer
Carrier’s in-house operator ‘benefiting from strong UK demand’
EasyJet puts nine new UK routes on sale for summer 2023
EasyJet on course to ‘significantly’ reduce pre-tax winter loss
Budget carrier also hopeful of exceeding £260 million profit forecast for its 2022/23 full-year
Club Med's new Val D'Isere property
Club Med reaps fruits of post-pandemic bounceback
Club Med issues upbeat 2022 financial results following global pick-up in business
The CAA has published another Atol consultation document
CAA strikes optimistic tone despite another fall in Atol renewals
CAA says 155 of 660 March Atol renewals still to be completed
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Lovetovisit.com secures investment and ponders trade partnerships
UK bookings website Lovetovisit.com secures funds for international expansion
Experience Travel Group's Sam Clark said B Corp status was about 'much more' than sustainability
Experience Travel Group merges with Holiday Architects to create new group
The specialist operators will come together under the ownership of a new umbrella company
Carnival Cruise Line resumed operations in Australia at the weekend (Credit: Carnival Cruise Line)
'Phenomenal' wave period drives Carnival Corp to 'record-breaking' quarter
The company’s booked position for the remainder of 2023 is at higher ticket prices in constant currency compared with 2019
Fewer than 1,000 autumn Atols renewed
Industry warned proposed Atol reforms will up costs 'for every holder'
The Association of Atol Companies (AAC) said proposed changes to the Atol scheme will ’fundamentally alter’ the ability of some holders to continue trading