Ministers pressed to limit rail fare rises
Ministers will come under pressure this week to curb inflation-busting rail fare rises for next year when the level of increases becomes clear on Tuesday. Some commuters could face the…
FirstGroup upgraded on West Coast hopes
Investors in UK public transport companies are taking a fresh look at FirstGroup as anticipation mounts that the UK’s biggest operator in the sector stands to win the first significant…
AMR chief confident about restructuring
Tom Horton could be forgiven if he had the air of a harassed economy class passenger. Mr Horton, chief executive of AMR, American Airlines’ parent, has spent his entire time…
American Airlines considers strategic options
American Airlines will decide within weeks whether to pursue a merger, including the “attractive option” of merging with smaller rival US Airways, the bankrupt carrier’s chief executive told the Financial…
Flybe warns on revenue growth
Shares in Flybe, the European regional airline, plunged as much as a fifth after the group warned that its revenue growth would come in below expectations. Flybe said that revenue…
UK’s oldest shipowner to close
Britain’s oldest shipping company, Stephenson Clarke Shipping Ltd, has gone into liquidation after succumbing to the global economic downturn. The Newcastle company was founded in 1730, a time when the…
Parallel probes for Ryanair stake
UK and European regulators are set to investigate in parallel Ryanair’s investment in Aer Lingus after an appeals court rejected the low-cost carrier’s attempt to stop a Competition Commission probe.…
Cathay Pacific – dangerous cargo
Isn’t Asia supposed to be the one sunny bit in the otherwise cloudy outlook for airlines? Weathermen, as usual, are confused. Yes, passenger numbers in Asia are set to grow…
Cathay posts worst first half since 2003
Cathay Pacific, Hong Kong’s flag carrier, posted its worst first-half loss in almost a decade, buffeted by higher fuel costs and a drop in cargo demand. Cathay on Wednesday reported…
Maximum rewards for a long journey
©AFP Airline frequent flyer miles are a perk of business travel but many other loyalty programmes offer something for business travellers too. How do I maximise air miles? Most people…
Aerospace: A dogfight for the duopoly
©Corbis Fading supremacy: Airbus and Boeing are having to adjust to a new period of rising competition from rivals in Russia, China and Canada The makeshift 3D cinema erected at…
Logistics groups at risk from bribery law
Half of the world’s biggest logistics companies are putting themselves and customers at risk of prosecution under new UK bribery laws by failing to publish a complete draft of anti-corruption…
Australian group eyes Stansted airport
©Reuters Air traffic controllers at Manchester Airport An Australian infrastructure group has positioned itself as a bidder for London’s third-biggest airport, Stansted, after winning the contest to buy a £1bn…
RBS woes no argument for nationalisation
Something must be done. This is something, therefore it must be done. You can see how the idea of the complete nationalisation of Royal Bank of Scotland could drift on…
BA challenge helps push Virgin into loss
Virgin Atlantic slipped to a pre-tax loss of £80m in 2011-12 as it was hit by higher fuel prices and a stronger competitive challenge from British Airways. The UK airline…