City and finance

Bank holiday travel warning and fuel cap announcement

Travellers are warned to expect disruption over the three-day weekend

Membership organisations move to ease cost of living pressures

Abta, Aito and Advantage to allow members to pay in instalments to help alleviate growing cost of living crisis concerns this winter

Flight Centre hails ‘renaissance’ of agents as industry recovers

Global agency chain sees stronger demand for “human service”

Truss backs 'viable' Doncaster Sheffield airport

Tory leadership frontrunner says Doncaster Sheffield airport should remain open

Qantas hails return of New York route but counts more losses

Qantas has reported another $1 billion loss due to the pandemic

Norwegian Air bounces back to profit in Q2

Norwegian turns a profit in the second quarter, citing strong demand

‘Cost of doing business’ crisis and Wizz Air probe

Headlines focus on how businesses face crippling energy bills from the autumn

Gatwick’s economic warning and firms facing ‘financial disaster’

Economic headwinds could seriously threaten the travel industry’s recovery from the pandemic, national titles warn

British Airways to axe 10,000 flights and UK facing 18% inflation

BA cuts back winter schedule by cancelling thousands of short-haul services at Heathrow, while the UK’s grim economic outlook could be set to worsen further

P&O Ferries avoids prosecution and ‘slow’ Japan recovery

Ferry firm will not face criminal proceedings over sacking of 800 staff

Politicians call for Doncaster Sheffield review to be extended

Airport’s future is under threat following withdrawal of Wizz Air services

Fresh strike warning and interest rate hike in January?

Strikes affecting trains, tubes and buses make headlines on Thursday (18 August) while economists warn rising inflation could lead to a 4% hike in interest rates by January

British Airways parent to acquire 20% stake in Air Europa

IAG converts €100 million loan into 20% equity stake in Madrid-based carrier

Claims portal opens for failed Atol holder

London-based Dream World Travel failed last month, licensed for around 4,500 Atol-protected seats

Majority of operators confident of 2023 revenue boost

Optimism high among travel firms despite concerns about the impact of inflation and cost of living on consumers

Ryanair chief signals the end of cheap flying

Michael O’Leary says the days of ultra-cheap fares are over and says recession will benefit Ryanair

Latam reports 2Q loss but progresses restructuring

Latam sees demand return but still achieves second quarter loss

Era of cheap flights ‘over’ and Disney’s theme parks boom

Ryanair boss expects airfares to rise over the next few years due to higher fuel prices

Consumers will still holiday despite recession threat, says new Tui chief

Tui sees consumers trading down due to recession but says holidays will still sell

UK remains Tui's most advanced market in terms of bookings

Booking volumes up 5% on summer 2019 levels at same stage of the year, says European travel giant

Tui highlights Manchester disruption following failure to turn spring profit

Group says €75 million in additional costs, which turned a ‘clearly profitable’ €48 million in underlying earnings into a €27 million loss, ‘mainly related to departures from Manchester airport’

Summer flight prices soar and energy bills shock

Holidaymakers are facing 30% higher flight prices this summer as travel demand surges

Jet2 chair warns inflation and economy may hit selling prices

Record inflation and grim outlook for UK economy will impact holiday sales, says Philip Meeson

IHG sees profits bounce as guests return

IHG hails revenue close to pre-Covid levels as leisure and business guests flood back