Finance

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

How to make the most of CRM to boost bookings and client satisfaction

Investing in customer relationship management systems can greatly benefit agents and clients alike.

Byway to expand into new markets after securing £5 million fresh funding

The slow travel specialist will use the cash to expand into new markets and new roles across several departments, including in technology, product and finance

Manchester Airports Group confirms £2 billion investment plan after record year

The group, which owns Stansted, Manchester and East Midlands airports, saw passenger numbers soar to new heights, along with profits and revenues

Norse Atlantic Airways to update investors on funding search

Norse Atlantic Airways will detail its financial progress next week as it seeks investment and looks for charter opportunities for its aircraft next winter

Carnival Corp in 'position of strength' as new-to-cruise levels jump

The cruise giant says it possesses ’meaningful pricing power’ due to strong demand for 2025 sailings and no fleet capacity growth next year

Saga focused on ‘sustainable’ growth as cruise sales soar

The over-50s specialist reported booked revenue is 14% up against the same period last year in a trading update on Tuesday (25 June)

Advantage Travel Partnership profits double to reach highest level since 2018

Consortium’s net profit for the 12 months to 30 September last year soar to nearly £1.2 million

Party manifestos – what should we expect for travel?

Abta’s Luke Petherbridge outlines what the travel industry should expect - or not - from party manifestos forming the state of play for the upcoming general election

Spending on travel agents remains a priority despite challenging month - Barclays

Travel remained a priority for Brits in May despite the majority feeling the pinch of rising household bills, Barclays said

Not Just Travel sales running 40% ahead of last year as 'peaks continue into April and May'

Not Just Travel sales volumes have surged 40% while average booking values are well ahead of last year’s levels

Aviation growth could unlock billions in wasted economic potential – study

New research commissioned by Manchester Airports Group suggests greater government support for aviation could unlock more than £10 billion in economic value

Simpson Travel secures additional funding to grow Med programme

The funding will be used to ’expand capacity’ across Simpson’s existing Mediterranean programme

Tui hits record revenue levels despite 4% price hike

The group expects to see revenue to increase ’by at least’ 10% year-on-year for the year ending in late September

Classic Collection confirms timeline for B2B restructure and reiterates trade commitment

According to recently-promoted B2B director Si Morris-Green, Classic Collection’s consolidation will help ’leverage opportunities to the benefit of our agent partners, mutual customers and suppliers’

Travel agents ‘unaffected’ by Classic Collection shake-up – On the Beach

On the Beach chief executive Shaun Morton today (14 May) told TTG the restructure will make operations more effective and, in turn, offering agents better value

On the Beach poised for ‘biggest summer ever’ thanks to Ryanair deal

The OTA’s total transaction value (TTV) for this summer is running 22% above last year’s levels as a result of deal with low-cost carrier

Captivating Cuba's demise 'should be a wake-up call to government' – Aito

Chair Chris Rowles urges ministers need to ensure the views of the specialist tour operator community are heard following the failure of one of the association’s members

British Airways parent IAG pins soaring profits on strong winter demand

IAG recorded a seven-fold increase in operating profit during the three months to 31 March

Expect M&A activity to take twice as long as anticipated, travel told

Barclays Travel Forum have been warned completing a successful sale could take significantly longer than anticipated

Virgin Atlantic 'on track' for 2024 profit despite another year of losses

Virgin Atlantic will return to profit this year as it celebrates its 40th birthday, its chief executive promises

Carnival Corp 'turning attention to delivering even stronger 2025'

The cruise giant – which operates nine brands including P&O Cruises – reported a net loss of $214 million despite record revenues of $5.4 billion

Amex Global Business Travel to acquire rival CWT for $570 million

The transaction will be funded by a combination of stock and cash and is expected to close during the second half of this year

Elegant Resorts' hottest spot for the summer? Tenerife

Spain and Greece remain favourites for sun worshippers, while bucket list trips to places such as Finland and Argentina have emerged as rising stars