Finance

British Airways and unions close to agreeing pilots' pay deal

The agreement would see pilots receive a 4% pay increase this year backdated to June as well as a series of rises until June 2026

Barrhead parent: 'There's a huge opportunity for high street growth over the next five years'

John Lovell, president of Barrhead’s parent company Travel Leaders Group, has reiterated his support for the Scottish agency

'Don't rely on peaks': Jet2 chief cautions agents against complacency

’We’ve got to really use this period to strengthen our business,’ said Steve Heapy, addressing the Barrhead Travel conference on Wednesday

Barrhead to launch US-focused division and continue high street expansion

Sales and marketing director Nicki Tempest-Mitchell said the new division will be launched next year

Portuguese government to sell majority stake in national carrier Tap

Finance minister Fernando Medina said the cabinet had approved the sale of 51% of the company, while giving employees a 5% stake, opening the carrier up to being privatised

Growth in cruise and travel drives 15% increase in Saga's half-year revenue

Chief executive Euan Sutherland said on Wednesday (27 September) the holiday group was on track to deliver ’double-digit’ growth for the full year

Disney to invest $60bn to ‘turbocharge’ parks business growth

The company said the investment will go towards the development of new attractions as well as the parks’ expansion

Flight sales up by nearly a quarter in August – Nationwide

Nationwide Building Society sees big jump in August flight sales but warns cost of living increases will threaten disposal income as winter fuel bills arrive

Socio-economic headwinds lead to fall in travel and tourism deals worldwide

Inflation and recession fears have led to a fall in the volume of travel and tourism business deals worldwide, data shows

Wizz Air to cut capacity by up to 10% due to engine issues

The budget carrier says it will seek compensation from US engine manufacturer Pratt & Whitney

Spending with agents continues to grow even as summer winds down

According to new data from Barclays, spending on airlines and travel agents grew in August, yet the uplift was lower than in July as the summer season drew to an end

Not Just Travel named among top 10 franchise businesses in the UK

Co-founder Paul Harrison said the ranking was “testament” to how “truly innovative” the business is

Clarity Business Travel acquires TTG Top 50 shortlisted agency Agiito

Clarity said the newly-combined business would be jointly headed up by the two firms’ executive teams, spearheaded by Clarity chief executive Pat McDonagh

Travel continuing to defy economic pressures following fourfold increase in lates

Chief executive Julia Lo Bue-Said claimed Brits are continuing to use their money for travel over other discretionary spending

Executive-level salaries drive average industry pay past pre-pandemic levels

Travel wages rose 21% compared to the same time in 2019 as vacancies in the industry dip on 2022

Brits to use savings to fund travel plans over next 12 months, data finds

Travel remains the highest priority discretionary category, despite continued economic uncertainty, according to new data from Amadeus

Royal Group upgrades earning forecast again off back of 'exceptional' demand

Strong ticket pricing combined with strength in onboard revenue for European and North America itineraries resulted record yields for the group

Air travel disruption and heatwaves trigger spike in refund demands

New analysis reveals UK online search volumes for travel refunds increased by 17.9% in the seven days to Friday 21 July

MAG records £1bn revenue as traffic nears pre-pandemic levels

In its first full-year of restriction-free travel from 1 April 2022 to 31 March 2023, the group served 54m passengers, equal to 91% of 2019/20 traffic

Package holiday prices rising faster than inflation, data finds

TravelSupermarket data for a report on holiday costs revealed prices to popular destinations have risen in 2023, but so has interest in overseas travel

Travel sector hit by 30% year-on-year surge in chargebacks

According to research, only 25% of companies see more than 60% of disputes awarded in their favour

Consumers still prioritising holiday spend despite downturn

Nationwide says average consumer will spend nearly £1,500 on holidays this year

Travel and tourism deal activity plummets year-on-year, data shows

GlobalData figures have revealed that global deal activity has plummeted by 41% year-on-year, with private equity deals being hit the hardest

Not in the Guidebooks launches second agent crowdfunder

Chief executive Carol Savage has urged agents to become shareholders in the ’exciting and ambitious’ business