City and finance

Great Rail Journeys targets 'global market leadership' under new owner

The operator’s owner has passed the firm on to new investors after seven years, stating it has global growth ambitions

Jet2 tells agents to expect summer lates market and 'modest' package price increases

Jet2 has updated its 2024/25 profits forecast and given its thoughts on the current summer market in a statement to investors, saying the late booking market persists

UK and EU ready to make concessions to establish youth mobility framework

UK government no longer ruling out an agreement with EU on youth mobility

Balkan Holidays ceases trading in the UK after nearly 60 years

All forward holiday bookings with the specialist have been cancelled

New Jetline owner weighing up whether to retain brand after acquiring assets

Travelodeal has acquired assets belonging to Jetline Holidays and Jetline Cruise parent Jetline Travel went after the brand ceased trading as an Atol holder in March and went into administration

Heathrow hopeful of having third runway up and running by 2035

Airport working ’at pace’ to deliver expansion plans to government by he summer

Audley Travel £600 million sale 'postponed' amid market turmoil

Owner 3i’s plans to sell Audley Travel have reportedly been put on hold

Holidays remain a 'top priority purchase' despite economic fears, says Barclays

Travel bucks the trend once again in Barclays spending survey as the bank says people still feel holidays are a top priority despite fears about rising bills and the effects of tariffs

Thomas Cook auditors fined millions for failings in run-up to 2019 collapse

Cook’s auditors have been fined nearly £5 million for failing to properly investigate the company in the two years before it collapsed, a damning report by a financial watchdog reveals

'Disappointing' package travel shake-up 'a missed opportunity for meaningful reform' – Aito

Aito has said the proposed changes to the Package Travel Regulations do not go far enough in alleviating the industry of some of its regulatory burdens, while Abta is more welcoming

Package travel back on government agenda as industry views sought on revised reforms

The government has proposed changes to insolvency protection and Linked Travel Arrangements in its reform of the EU’s Package Travel Regulations, opening a three-month consultation period

5 ways to keep your marketing on track when it feels like the wheels are coming off

Donald Trump’s tariffs risk all-out global trade warfare, with knock-on effects for the various elements that comprise holidays, writes We Are Llama’s Andrew Shelton for TTG

'An extra £20,000 a year': agents count the cost as Budget measures take effect

Adjustments to National Insurance, minimum wage and business rates may mean smaller agencies feel the pinch, with larger travel businesses able to absorb the cost

Lack of aircraft means higher air fares set to continue, industry warned

Leading aviation lawyer tells Abta Aviation Forum the lack of supply of new aircraft and leased alternatives mean consumers will face high air fares for some time to come yet

Albatros Expeditions and Polar Latitudes to merge expedition cruise fleets

Two brands to join forces under same ownership group to ’coordinate and combine’ their Arctic and Antarctic expedition cruise operations

Baldwins Travel's appeal to have Abta membership reinstated ends in failure

Baldwins has lost its appeal against its expulsion from Abta after the association’s members’ committee ruled the agency had ’failed to provide the financial information required of them as an Abta member’

Limitless Travel secures £6.5 million investment to fuel expansion plans

Limitless Travel has secured a multi-million pound investment, with plans to take the brand to US consumers and offer more product to existing UK customers

Agent lands ‘last-minute’ £110,000 French villa booking with string quartet and open-air cinema

A top agent secured a six-figure booking for a French rental villa – with just less than a month’s notice to plan.

In partnership with onefinestay, the luxury travel advisor worked diligently to organise a family holiday for seven nights with a strict set of criteria.

'We're well on our way': easyJet holidays chief spells out market leadership ambition

Garry Wilson has said it would easily possible for it to become market leader in packages using its parent company’s soon-to-be 100 million seats

Virgin Atlantic returns to profit after record £3.3 billion revenue in 2024

Record revenue of £3.3 billion and ’continued cost discipline’ contribute to carrier’s highest-ever annual pre-tax earnings of £230 million

Holidays experiencing biggest post-pandemic rebound in consumer spending – Nationwide

Nationwide survey illustrates how consumers are continuing to prioritise holidays and travel over other areas of discretionary spending five years on from the onset of the Covid pandemic

Spring Statement: chancellor insists consumers will have more disposable income this year

Average consumer will be £500 better off this year says chancellor Rachel Reeves allowing them to spend more on non-essentials like travel

InteleTravel acquires sport and entertainment ticketing platform

InteleTravel has paid an undisclosed sum for a ticketing specialist that will operate as a stand-alone brand and provide product for its agents

Hays Travel awards millions in bonuses to 4,500 employees after £3 billion sales bounty

Staff at the UK’s largest independent agency will receive £100 per year of service after the agency reached £3 billion in total transaction value six weeks ahead of its year end