European airlines’ losses put at $1.1bn
Global airlines are flying into increasing turbulence this year, with losses at European carriers set to be nearly twice as big as previously expected and China’s economic slowdown adding to…
Flybe losses beat lowered expectations
Flybe beat analysts’ reduced expectations for full-year results but still produced a loss as the regional carrier struggled to cope with sluggish demand and high oil prices. The Exeter-based airline,…
Jordan picks easyJet as Olympics carrier
Jordan has become the first country to make a budget airline its official Olympic Games carrier, with the announcement on Monday that easyJet will fly its athletes and support staff…
Development to transform UK distribution
According to its satellite navigation display screen, the Land Rover in which the Financial Times is travelling has left dry land behind and is now deeply immersed in the waters…
£80,000 transport bonuses riding on Olympics
London’s transport chiefs are set to cash in on two years of annual bonuses worth £80,000 a year on average if the system runs smoothly during the Olympic Games. The…
Police leaders furious over top job
©AP Very few Britons have ever heard of Her Majesty’s Inspectorate of Constabulary and even fewer could name the current inspector in chief. But the question of who should be…
Investor group warns on IAG pay packages
A leading investor group is alerting shareholders to potential departures from best corporate governance practice at International Airlines Group, parent of British Airways and Iberia. The Association of British Insurers…
Remarkable return in train
Tom Winsor’s likely appointment to the role of chief inspector of constabulary crowns a return to public life all the more remarkable for the circumstances in which he previously ended…
Qantas battles with economic headwinds
Alan Joyce, the combative chief executive of Qantas Airways, has had a week he’d rather forget. After heavy trading, the share price of the Australian airline closed below A$1 for…
Network Rail costs on track
Network Rail is on track to meet a government target for reducing its cost base by almost a quarter by 2014 but has had to take on more debt through…
Southwest plans its international assault
A year after its $1.4bn purchase of AirTran, a low cost rival, Southwest Airlines is carefully assembling the pieces for a concerted push beyond the US and into the international…
Lack of fuel threatens Manchester flights
Manchester airport warned on Wednesday of the likelihood of flight cancellations and delays after it ran out of aviation fuel for the first time ever. Fuel storage tanks were emptied…
London market takes off without Ryanair
Ryanair was left behind by a London market rally on Wednesday on worries that falling oil prices may not translate into higher earnings. Budget airlines have outperformed flag carriers this…
CMA CGM positive on return to profits
The operator of the world’s third-largest container ship fleet, France’s CMA CGM, has forecast a return to profitability for the full year, despite reporting a $248m net loss for the…
Solar Impulse crosses continents
An experimental solar-powered aircraft has become the first of its kind to fly between continents after a 19-hour journey between Madrid in Spain and Rabat in Morocco, writes James Boxell…