City and finance

Agents continue to outstrip steady retail rebound as sector returns to growth

The retail sector finally returned to growth in August for the first time since March, but agents continue to streak ahead, recording their strongest growth in sales since February

Singapore Airlines gets go-ahead to take stake in Air India Group

Singapore Airlines will take a 25% stake in Air India Group following approval by the Indian government, cementing the partnership between the two giants

SAS hails new era as it exits bankruptcy with Air France-KLM onboard

SAS Scandinavian Airlines says it will join SkyTeam as Air France-KLM becomes a major shareholder following its exit from Chapter 11 bankruptcy protection

Norse Atlantic to slim fleet, review network and embrace the GDS after latest loss

Norse Atlantic is working on a restructuring of its operations after another three-month loss that will see it review its route network, lease aircraft and start selling fares via the GDS

Travel facing race against time to get ready for new EU border rules

For many travellers, 10 November will be the day Brexit gets real; TTG explores the ins and outs of the new EU border rules set to take affect in November

Govt hints at restoring right for under-30s to work in EU travel jobs

The UK government is keen to open talks with Brussels about granting under 30s the right to work in the EU, with reciprocal arrangements for UK businesses to attract EU staff.

Abta seeking ‘pragmatic solutions’ as EU confirms start date for new border rules

EU home affairs commissioner Ylva Johansson has confirmed the EU’s new biometric border checks will take effect from 10 November, with its proposed new visa waiver scheme to follow in 2025

Court Line at 50: how travel's then biggest failure shaped its future for the better

Court Line’s failure 50 years ago changed travel’s trajectory for ever – this month, Dave Richardson explores the lessons the industry and the trade learnt

Tui starting to reap rewards of new dynamic strategy, chief exec insists

Tui chief executive says new digital strategy and wider spread of destinations is helping it to reach new clients across the globe

Tui hopeful of 25% spike in full-year earnings with summer nearly 90% sold

UK market bookings for the summer up 5% year-on-year, with prices remaining ’robust’

Cash injection set to accelerate 'One A&K' strategy and expansion

$500 million in funding will help plans to streamline and unify the business and build up DMCs, camps, lodges and boats for the brand

Protected Trust Services takes on Wonderluxe Travel homeworkers

Wonderluxe Travel has been placed into voluntary liquidation after losing a silent partner, who was an investor in the business

Spending with travel agents continues to defy slowdown – Barclays

Barclays Consumer Spend shows spending with travel agents is still increasing, bucking a downward trend in card transactions in July

Abta: 'It’s clear many of the industry’s priorities have been heard'

One month to the day since Labour took power after 14 years in opposition, Abta’s director of public affairs Luke Petherbridge assesses the party’s actions since forming a new government – and what its priorities mean for travel’s prosperity

British Airways owner IAG abandons plan to buy Air Europa for second time

British Airways’ owner says demand for travel remains “robust” this year

Attractions platform Lovetovisit secures another multimillion-pound investment

Lovetovisit, a UK attractions booking portal, has secured more funds after attracting venture capitalists to back its growth

Wizz Air counts the cost of engine issues with huge dip in profits

Wizz Air has seen profits slump in the first three months of its financial year after grounding 46 aircraft due to issues with the engines

Royal Caribbean expects prices to keep rising in 2025 – and beyond

Cruise giant says sales ’exceeded expectations’ during the second quarter

Limited failures sees Air Travel Trust pot rebound to nearly £200 million

The Air Travel Trust Fund stands at £199 million following a few small failures in 2023/24, the CAA has confirmed in its annual report – albeit still well down on pre-Thomas Cook levels

Travel Counsellors’ annual transactional value nears £1 billion

Homeworking pioneer says 2022/23 trading momentum has continued in the first six months of its new financial year

EasyJet CEO says carrier ‘not feeling rival’s pain’ on pricing

EasyJet’s boss says the airline is not seeing the need to discount this summer, unlike Ryanair, which has signalled it will slash fares for ‘frugal’ passengers

EasyJet hopeful of growing package holiday profits by 50% this year

Airline expects in-house tour operator to deliver around £180 million in pre-tax profits in the year to 30 September, up 48% year-on-year

Bullish easyJet ‘on track for record-breaking summer’, CEO insists

EasyJet outlines Q3 results for the three months to the end of June, saying it is optimistic for the peak period and for autumn sales

‘Wettest summer in a century’ fuelling buoyant lates market

More than a quarter of UK residents (27%) would be tempted to book a last-minute getaway if they could secure a good deal, according to new Abta research