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...Industry-wide ASK has shrunk 5.6 per cent over the same period as many carriers retrenched during the pandemic, according to the International Air Transport Association....
...“We are in a bad cycle for deals and the UK,” said one banker involved in the deal, adding he was hopeful for a recovery but “in the meantime we have to huddle together for warmth”....
...“We expect the recovery in international capacity to accelerate in 2024, propelled by the easing of external bottlenecks such as visa policies,” he said....
...It has had a decent recovery — the bloc’s gross value added rose 3.9 per cent in the four years to the third quarter of 2023 — but this is left in the dust by the US’s stellar rebound....
...Greece’s credit rating was lifted to investment-grade status in September for the first time 13 years, underlining the country’s economic recovery....
...In a study for the ERT, Boston Consulting Group estimates that the investment needed in energy transport infrastructure will total €800bn to 2030, rising to €2.5tn by 2050....
...Nevertheless, a recovery in bus travel plus a general push to encourage more people on to public transport to cut emissions from private cars suggest the FirstGroup return journey has further to go....
...Recovery in business travel is underpinning demand. So is consumer desire to make up for missed trips. This should be good news for airlines....
...In the UK capital, more recent data from Transport for London (TfL), the authority running the city’s bus, rail and underground Tube system, reports a continuing recovery, but one that is still mostly short...
...The results from two of Europe’s largest aviation groups underline the industry’s rapid recovery from the disruption of the Covid-19 pandemic....
...The carrier’s biggest competitor in the past, South African Airways, entered into bankruptcy proceedings in 2020 after decades of government bailouts and is on a slow path to recovery....
...The recovery of Hong Kong as an aviation hub would be “heavily dependent” on a Cathay comeback, said Willie Walsh, head of the International Air Transport Association, at an event in Hong Kong on Wednesday...
...Transport groups have “strongly opposed” a government proposal to charge an “exceptionally high” flat fee of up to £43 on animal and plant products entering the UK via Wales and the Kent coast, warning that...
...of the EU’s €723bn Recovery and Resilience Facility, while rail accounts for the majority of projects within the €25.8bn provided for transport by the EU’s Connecting Europe Facility....
...The recovery in business travel has stalled this year amid record price rises for premium flights and growing pressure on big companies to cut their carbon emissions....
...The problems have threatened to dent the airline industry’s recovery from the Covid-19 pandemic....
...The expected performance implies not just a recovery to pre-Covid levels, but the largest profit in over a decade....
...Until now, airline demand in Asia has lagged the recovery in the US and Europe following the pandemic slump....
...Virgin Atlantic expects to report an annual profit for the first time since the pandemic, as strong demand for winter breaks in the Caribbean fuels a recovery that has lagged that of rivals....
...Like other passenger transport companies, the multinational group incurred significant losses during the coronavirus pandemic....
...Stan Deal, head of Boeing’s commercial aircraft division, said he expected to see a “pretty robust recovery in the market” and a “steady state long-term”....
...IAG, the owner of British Airways, and Air France-KLM are the latest airline groups to report record profits as resilient demand for travel and high ticket prices have powered the industry’s recovery from...
...The forecast from the International Air Transport Association compares with net losses for the industry of $3.6bn in 2022 and the trade association’s forecast in December of $4.7bn in net profits for this...
...The commission has frozen billions of EU pandemic recovery funds earmarked for Poland to force Warsaw into guaranteeing the independence of Polish judges....
...BA is IAG’s profits engine and was responsible for €1.4bn in operating profit in 2023, but its recovery has lagged behind other airlines in the business....
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