City and finance

Consumer travel spend takes July dip as inflation rises

Despite spending with agents and airlines growing in July, both categories were down by 4% and 3% month-on-month

Holiday spending dip and heat health alert

Spending data shows how consumers are cutting back as inflation surges

UK braces for new heatwave and China locks down holiday island

Temperatures forecast to soar again this week, while ‘China’s Hawaii’ suffers Covid outbreak

'Data anomalies' delay Atol holder claims process

West London-based Dream World Travel failed on 26 July

'Biggest income squeeze ever', plus staycation boom is over

Bank of England warns of unprecedented pressure on consumer finances due to rising energy bills

Interest rate hike imminent, plus Russian airline parts crisis

Borrowing costs set to increase again with another interest rate rise, while Russia’s airlines are struggling to get new parts owing to sanctions on the country

Aviation minister urges local council to save Doncaster Sheffield airport

Aviation minister Robert Courts indicates central government will not help save Doncaster Sheffield airport

JetBlue reveals quarterly loss after Spirit merger

JetBlue hit by high fuel costs in second quarter, but expects significant savings from merger

BA rivals hike short-haul fares, plus more evidence of travel rebound

British Airways’ short-haul stop-sale sees rival carriers spike fares in August

'JetBlue/Spirit merger is good news for UK trade'

The merger of two US airlines creates more selling opportunities for UK agents

New 'airport chaos' probe, plus inflation stalls post-Covid growth

Channel 4 goes under cover across the UK’s aviation sector, while the CBI says record inflation is beginning to bite with Bank of England poised for another interest rate rise

IAG returns to profit despite 'historic challenges' facing travel

British Airways parent posts second-quarter post-tax profit of €133 million and operating profit of €293 million

UK travel and leisure firms struggling to raise new capital

Analysis of London Stock Exchange data reveals capital raising in travel and leisure has fallen by 75% year-on-year

Royal Caribbean Group ‘back to positive operating cash flow’

Full group fleet back in service too for the first time since the start of the pandemic

Etihad posts ‘record’ $296m first-half operating profit

Gulf carrier ’emerging from the pandemic stronger than ever’ said chief Tony Douglas as Etihad returns to profitability

JetBlue agrees $3.8 billion acquisition of Spirit Airlines

Deal completed after Spirit’s shareholders declined to back a proposed merger with Frontier Airlines

US carriers Spirit and Frontier end protracted merger talks

The decision now paves the way for JetBlue to acquire Spirit

More travel misery ahead, plus shadow transport minister sacked

The UK is set to suffer more disruption to train services as another strike is called for August

Supply chain disruptions force Wizz Air to trim summer capacity

Budget carrier records deeper Q1 loss of €453 million, citing high fuel prices, war in Ukraine, lingering Covid restrictions, ans staffing and air traffic control disruption

Travellers beset by fresh UK rail strike and Lufthansa walkout

Holidaymakers set to suffer more summer travel disruption thanks to another UK-wide rail strike on Wednesday

Eurocamp warns delays at Dover could last all summer

’These delays are not going to improve at peak times without key travel authorities taking ownership,’ said Eurocamp chief sales and marketing officer Ross Matthews

CAA issues warning over £54m in unused refund credit notes

Consumers are being called on to make a booking or request a refund to avoid losing money

Ryanair warns new Covid variants could yet scupper recovery

’Our experience with Omicron last November and the Ukraine invasion in February shows how fragile the air travel market remains,’ says budget carrier

EasyJet firms up order for 56 new Airbus aircraft

A320neo order gains shareholder approval