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City and finance

Former Turkish Airlines exec named new Air India chief
Appointment puts to rest speculation ex-British Airways boss Alex Cruz was in the frame for the role
Travel ‘not out of the woods yet’ despite rule change and Scottish grants
Abta wants to ensure future travel rules provide the “stability” to rebuild confidence
Half-term holiday rush and Europe 'on precipice' over Ukraine
Friday’s headlines focus on the highly anticipated half-term getaway as the UK removes all tests for fully vaccinated travellers
Scottish govt to provide £3.5m in support to agents
Move comes after months of lobbying by the country’s outbound sector
Travel poised to contribute £192 billion to UK GDP this year
Jobs in the sector could also surpass pre-pandemic levels if travel restrictions are not reintroduced
Ski specialist online agency ceases trading as Atol holder
Get Me To The Alps’ forward bookings have been recontracted through TTA Travel
Disney sees ship and theme park income bounce back in Q1
Disney buoyed by bigger attendance and more spending at theme parks and on cruise ships
Travel restrictions lost UK £7 billion in 2021, says WTTC
UK lost £7 billion from border restrictions, but global tourism income generation could be just 6% below pre-pandemic levels in 2022
Savings and desire to holiday will override cost of living fears, Tui predicts
Tui boss says UK household savings will mean they spend this summer despite energy bills hike
Tui chief predicts Greece 'sell-out' and Easter capacity crunch
Group chief executive Fritz Joussen said Greece was selling very well, due mainly to repeat bookings.
Summer spend up, but booking window shortened, says Tui
Tui optimistic about summer and to begin repaying state aid
Consortium including cricketer Pietersen acquires luxury operator
Savile Row Travel bought by consortium with expansion plans
Tui benefits from ‘pent-up’ demand and Hong Kong set to tighten rules
Tour operator expects strong summer in 2022, while Hong Kong sees a surge in Covid cases
Tui Group sees big fall in losses as summer 2022 flies
Tui Group summer 2022 sales now ahead of 2019
US airline merger to combine budget brands
Frontier Airlines and Spirit Airlines in planned merger
Royal Caribbean Group sees bookings return to pre-Omicron levels
Impact of Covid variant will delay cruise company’s return to profit in 2022
Portugal testing boost and call for extended VAT relief
Destination to drop mandatory Covid tests for UK arrivals, while UK tourism bosses call for 12.5% VAT rate to be extended to boost industry’s recovery
Disposable income under threat with massive energy price rise
Household incomes face another squeeze despite chancellor’s help package
France tightens restrictions as UK faces energy bill hike
France demands booster jabs from visitors in move that could wreck some holiday plans, while at home, UK discretionary spend is under new pressure with energy bill increase
New Covid strain in Scotland and action on energy bills
A new strain of Covid-19, said to be more infectious than Omicron, has emerged in Scotland – plus Westminster government poised to unveil Levelling Up plan and help with energy bills
Tui Group taps investors for hotel expansion
Tui Group is seeking €500 million for hotel investment programme
Ryanair Christmas sales dip blamed on Omicron
Ryanair Q3 results reveal impact of Omicron emergence
EasyJet ‘confident’ about taking on more competition at Gatwick
Airline faces challenge from new BA short-haul subsidiary and Wizz Air expansion
Saga buoyed by 'positive' outlook for cruise business
Load factors on Saga’s ships have risen to 86% for first half of 2022, group reveals in trading update