Economy

British Airways parent to acquire Latin America carrier Air Europa

The company will pay €400 million for the remaining 80% of the Latin America carrier

Abta: ‘Give travel the right tax and policy framework to prosper’

Writing for TTG, Abta’s director of public affairs Luke Petherbridge looks ahead to next month’s Budget

UK-India start-up carrier Hans seeking fresh investment

The airline said fulfilling the ‘rightly stringent’ financial criteria required by the UK CAA to commence operations continues to hinder its launch plans

Holiday spending rises 'significantly' despite cost of living squeeze

Survey by Nationwide building society shows how consumers are prioritising spending on travel

Tourism becomes second-fastest growing UK sector, data finds

In January, all 14 sectors monitored by Lloyds Bank’s UK Sector Tracker expect positive output growth in the next 12 months

Tui Group turn of year bookings exceed pre-pandemic levels

In the three months to 31 December 2022, the group said it benefited from continued passenger demand for holidays across its brands

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

'It's been really, really good': the cruise agents riding the wave

Cruise agents hail clear change in sector’s fortunes in January

Record wave period steers Royal Caribbean Group into calmer waters

Credit rating giant revises up group’s outlook from negative to stable

Air passenger demand forecast to exceed pre-Covid levels this year

UN International Civil Aviation Organization says demand will ’rapidly recover to pre-pandemic levels’ on most routes by the end of Q1 and grow by around 3% versus 2019 by the end of the year

Royal Caribbean Group reports record-breaking wave season

Demand for North American and European sailings continues to grow, despite the organisation posting a net loss of $500.2 million for the final quarter of 2022

Barclays data confirms January travel sales ‘surge’

Barclays transactions underlined reports of healthy January travel sales

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

Advantage and Aito 'proactively engage' Treasury to discuss outbound sector

’It is critical that the government recognises the unique difficulties still being faced by the UK outbound travel sector in the wake of the pandemic,’ said Advantage chief executive Julia Lo Bue-Said

Agents' new year confidence proves well-founded despite pricing worries

Peaks outlook fuels new year confidence, but agents remain concerned rising prices could stall travel’s recovery

Advantage chief: Brexit has undoubtedly made travelling worse

Julia Lo Bue-Said laments increasingly evident impact of UK’s exit from the EU on travel now issues ’masked by the pandemic’ are coming to the fore

Consumers flocking to agents in defiance of economic downturn

Agents report record-breaking figures with January’s ‘Sunshine Saturday’ spirit set to spill into February despite talk of ongoing economic squeeze

‘Atol reform is about more than just stability – it's about faith in travel’

Gary Noakes takes a deeper dive into the CAA’s proposals for Atol reform, and assesses the industry’s reaction to new regulations with wide-reaching consequences for businesses

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

Scottish port's £400m expansion plan to boost country's cruise calls

More than 25 cruise calls are currently scheduled in Aberdeen from April and September, with up to 12,000 tourists visiting the north east of Scotland

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 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

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

Manchester airport to close Terminal 1 as part of £440m refurbish

The instalment will fund new facilities, technology and equipment, as well as a new range of shops, bars, restaurants and airport lounges