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City and finance

Norwegian is reopening its base at Helsinki
Norwegian Air back in black after recording full-year operating profit
Newly-reformed carrier posts 2022 operating profit of £122 million, despite weak final quarter
Administrators have concluded efforts to revive Flybe
Talks to revive Flybe for a third time end in failure, administrators confirm
Potential buyers pull out of deal to revive collapsed Flybe for a third time
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Air India places huge aircraft order as it restructures
Air India unveils latest stage of rapid transformation under private ownership
Tui is optimistic for the industry for 2023
Tui upbeat about UK despite cost-of-living and inflation
Tui believes it can ride out double digit inflation amid strong UK demand
The TSSA has called for the creation of a dedicated 'minister for travel' post
Aito blasts govt for failing to acknowledge travel's economic contribution
’Our survival, despite government’s total in action, is amazing,’ says Aito director Noel Josephides
UK agents will be among the first to see Royal Caribbean's maiden Icon-class ship next autumn
Record wave period steers Royal Caribbean Group into calmer waters
Credit rating giant revises up group’s outlook from negative to stable
Will Flybe rise again for a third time?
Flybe administrators seek temporary CAA operating licence
Flybe’s administrators make unusual request for temporary operating licence, raising the prospect of a third incarnation of the defunct regional carrier
Barclays saw an uptick in travel sales despite inflation and energy cost concerns (Credit: iStock)
Barclays data confirms January travel sales ‘surge’
Barclays transactions underlined reports of healthy January travel sales
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Agents reap rewards of 20% uptick in high street footfall in January
International tourism among main drivers of 12.5% increase in overall UK footfall in January
Second airline poised to go under days after Flybe failure
Second airline poised to go under days after Flybe failure
Norwegian budget carrier Flyr to file for bankruptcy on Wednesday, board confirms
Flight Centre to acquire Scott Dunn in £120 million deal
Flight Centre to acquire Scott Dunn in £120 million deal
Australian travel giant hopeful of completing deal for British luxury tailor-made travel firm by the end of February
In its ruling, the court said the passenger should be refunded with interest
Ryanair's Christmas and new year quarterly profits soar to €211m
Budget carrier still on course to deliver full-year post-tax profits in the region of €1.325 billion and €1.425 billion, says chief Michael O’Leary
Flybe's administrators confirmed 276 roles with the regional carrier had been made redundant
Flybe failure prompts call for new legislation to guard against sudden insolvencies
Pilots union Balpa says it will see to work with the government to improve the regulatory framework around aviation to avoid such ’sudden and precipitous events in future’ following loss of 276 jobs at Flybe
On The Beach chief executive Simon Cooper
On the Beach eyes bigger share of summer 2023 spoils as demand soars
The brand will funnel more capital into technology and its customer proposition to help it carry strong sales momentum into the summer months
Wizz Air jet engine
Wizz Air eyes return to profit as passenger numbers reach record levels
Despite expecting to make an overall loss in the 12 months to March, the carrier predicts it will return to profit in the next financial year
Jet2 boss calls for ‘fair and effective’ reform of flight compensation
Jet2 to increase full-year profit forecast after demand soars
In a recent trading update, the company said reported winter 22/23 forward bookings have continued to strengthen throughout December and January
Flights to North African destinations experienced the greatest rise in popularity compared to 2019
EasyJet holidays to upgrade growth plans as demand increases
The firm will continue to see new investment into marketing and advertising as part of the brand’s turn-of-year sale campaign
Candidate numbers fell to lowest level in six months
Travel recruitment market reaches 'historic highs' in 2022
Travel job vacancies reached ’record highs’ in 2022 as candidate numbers increase, but at slower pace
Euan Sutherland is Saga Group's new chief executive
Saga to enhance tailor-made product ahead of marketing push
The announcement comes as the over-50s travel and insurance group reported in a trading update as being on track to make an annual pre-tax profit of between £20-£30 million
WTTC's Julia Simpson says demand for travel is "stronger than ever" in 2023
Consumers ‘actively seeking’ more sustainable holidays
WTTC report also predicts that global industry will enjoy “very strong year”
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World Cup drove tourism sector growth in December
Latest Lloyds Bank UK Sector Tracker reveals seven out of 14 sectors it tracks – including tourism – grew in December, versus just three in November
ITA Airways was formed in 2021 after the Italian government bailed out Alitalia
Lufthansa submits bid for stake in Italian flag carrier ITA
German carrier seeking minority stake in Alitalia successor, with a view to a complete takeover
British visitors to the EU face a string of new travel requirements from January 2021
Biometric EU entry-exit checks delayed again to end of the year
EU confirms planned May 2023 launch ’no longer achievable’, but has warned border crossing points should be ready for implementation this year
Why we need to get travelling again – an agent's trip to Ibiza
More than a third of UK consumers planning to holiday abroad in 2023
’We’re likely to see consumers cutting the duration or frequency of their holidays, or opting for a cheaper location,’ says financial analyst RSM