Category : Search result: airline profits


US waives $11m Southwest fine for 2022 holiday chaos

The US government has waived an $11m fine for Southwest Airlines as part of a $140m settlement over its 2022 holiday travel meltdown that stranded over 2 million passengers. Read the full details.

Hotel Profits Fall as Costs Rise in UK and London

UK hotels face a profit squeeze as rising costs outpace increased demand and room rates. Experts warn of challenges from wage hikes and frozen tax thresholds. Read the full analysis.

Thames Water profits leap as funding crisis looms

Thames Water reports a £386m half-year profit, driven by higher bills, but warns of a potential rapid collapse into government control due to its £17bn debt crisis. Read the latest on the utility's precarious future.

Ryanair axes loyalty scheme over cost concerns

Ryanair has cancelled its Prime subscription service after eight months, citing unsustainable costs as customer discounts exceeded revenue. Find out what this means for existing members.

Airbus software issue affects 6,000 planes globally

Thousands of Airbus A320 aircraft require urgent software updates after solar radiation vulnerability discovered. UK passengers face potential travel disruption. Check your flight status now.

Airbus A320 Recall: 6000 Jets Grounded

A sweeping Airbus A320 recall affects over half the global fleet. Discover which airlines are impacted and the potential for flight disruptions across the UK and worldwide.

Airbus A320 Recall After Solar Radiation Incident

Airbus mandates immediate software changes for thousands of A320 jets after intense solar radiation corrupted flight data, causing major global travel disruption. Discover the full story.

Ryanair closes Prime scheme after 8 months

Ryanair closes its Prime membership club after just eight months, revealing customers gained over €6m in benefits while the airline made only €4.4m in subscription revenue.

M&B profits jump 20% amid £130m cost pressures

Mitchells & Butlers reports strong £2.7bn revenue and 20% profit growth while facing £130m cost pressures from wage hikes and inflation. Discover how pub giants navigate economic challenges.

EasyJet profits climb as holidays sell well

EasyJet reports a 9% rise in annual profits to £665m, driven by strong demand for package holidays. Discover how popular destinations and strategic expansion fuel growth.

Government backs £49bn Heathrow expansion plan

The UK government is set to approve Heathrow's controversial £49bn third runway, opting for the airport's ambitious proposal over a rival bid. The decision comes despite airline warnings over soaring costs.

Ryanair offers £50 for £1500 shredded luggage

Photographer Daniel Sakal's £1500 luggage was ripped to shreds on a Ryanair flight. The airline offered just £50 compensation. Read his shocking story and find out how to claim.

Banks Back in Budget Crosshairs for Tax Raid

Chancellor Rachel Reeves considers a bank surcharge hike despite competitiveness fears. The Budget U-turn follows record £50.3bn bank profits. Discover the implications.

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