IAG reports record operating profits on margins of more than 15% at British Airways and sister airline Iberia
British Airways’ owner, International Airlines Group, has announced a sharp rise in annual profits to almost £4bn despite a slight fall in passenger numbers in 2025.
Pre-tax profits across IAG increased by 20% to €4.5bn (£3.9bn), with record operating profits on margins of more than 15% at BA and its sister airline Iberia.
Continue reading...Government announces overnight levy ahead of tomorrow’s budget
John McFall is standing down early as Lord Speaker in the House of Lords so that he can care for his wife, Joan, who has was Parkinson’s. According to Sam Blewett and Bethany Dawson in their London Playbook briefing for Politico, the main candidates to replace him are Michael Forsyth, a rightwing Scottish secretary in the final two years of the John Major government, and Deborah Bull, a crossbencher and former Royal Opera House creative director. They reports:
Labour isn’t expected to put forward a candidate as McFall’s previous political affiliation means it’s seen as another party’s turn to rule the roost, Noah [Keate] writes in to say. Forsyth has garnered support from some Labour grandees who like his traditional approach and aversion to modernization while Bull has being promoted by some female peers keen for a woman to take charge. One Tory peer described Forsyth as a “political animal” who may struggle to encourage a consensus across the chamber. A list of candidates’ register of interests and election addresses (up to 300 words) will be emailed to all peers on Dec. 1. Watch your inboxes!
Transport secretary Heidi Alexander rejected a rival proposal from Arora Group, saying Heathrow’s own plans were “the most credible and deliverable option”.
The Heathrow proposals involve building a 3,500-metre runway and require a new M25 tunnel and bridges to be built 130 metres west of the existing motorway.
Following a comparative assessment of the remaining proposals for Heathrow expansion, the government’s view is that the Northwest runway scheme brought forward by Heathrow Airport Limited offers the most credible and deliverable option, principally due to the relative maturity of its proposal, the comparative level of confidence in the feasibility and resilience of its surface access plans, and the stronger comfort it provides in relation to the efficient, resilient and sustainable operations of the airport over the long-term.
The HAL scheme is considered comparatively more mature in its approach to road infrastructure. While the HAL scheme requires major works to the M25, assessment indicates that the HWL scheme would also have a considerable impact on the M25.
Continue reading...Zaventem asks airlines to cancel half of Monday departures, while most of Heathrow flights expected to operate
Hundreds of thousands of passengers at Heathrow and Berlin airports faced flight delays on Sunday after a cyber-attack hit check-in desk software, while cancellations at Brussels airport suggested that disruption of Europe’s air travel would continue into Monday.
Airlines were forced to revert to slower manual check-ins from Friday night after the attack hit Collins Aerospace, which provides check-in desk technology to various airlines.
Continue reading...Attack raises questions over security as Brussels and Berlin airports’ check-in and boarding systems also affected
Flights have been delayed and cancelled at three leading European airports – including London’s largest, Heathrow – after the company behind the software used for check-in and boarding said it was hit by a cyber-attack.
Airports in Brussels and Berlin are also experiencing delays and disruption as a result of the problem affecting Collins Aerospace, which works for several airlines at airports across the world.
Continue reading...System restored after Nats limited flights due to technical problems that raised fears of repeat of chaos in August 2023
The head of the UK’s air traffic control company is facing calls to resign after the second disruption to flights in two years due to technical problems.
Hundreds of flights were delayed after the air traffic control (ATC) system went down for about 20 minutes on Wednesday.
Continue reading...Ofgem opens investigation into National Grid as report finds incident that cut airport power was preventable
The root cause of the substation fire that shut Heathrow airport was a preventable technical fault that National Grid had been aware of seven years ago but failed to fix properly, investigators have concluded.
The final report by the National Energy System Operator (Neso) on the incident said the fire that cut power to the airport on 21 March, affecting more than 1,350 flights, almost 300,000 passengers and cutting power to 67,000 homes, was “most likely” sparked by moisture entering the insulation around wires.
Continue reading...Concerns about cable theft raised with airport before substation fire but Heathrow chief defends handling of incident
Airlines warned Heathrow about risks to its power supply days before the airport was shut down by a substation fire, a Commons committee has been told.
Heathrow’s chief executive, Thomas Woldbye, apologised for the disruption, which affected more than 200,000 passengers on Friday 21 March, but defended the decision to close as he said staying open was potentially “disastrous”.
Continue reading...Airlines could face higher charges to help fund new system at airport, which was shut down by substation fire
The chief executive of Heathrow has said it could cost about £1bn to install a more resilient power supply system to prevent a repeat of the outage that shut Europe’s busiest airport last week, and that airlines could pay higher charges to help fund it.
Thomas Woldbye, who has been criticised for going to bed on the night of the crisis so he could be “better rested” to handle the fallout the following day, has said he was frustrated the incident occurred and would like to have handled it better.
Continue reading...Body representing over 90 firms says it could take airport to court over costs of closure if issue not ‘amicably settled’
A body representing more than 90 airlines using Heathrow airport said there might be a case for legal action if a settlement over the costs incurred from Friday’s closure after a fire is not reached.
Europe’s largest airport was closed in the early hours of Friday morning after the blaze at a major electricity substation hit electricity supplies.
Continue reading...More than a thousand flights were cancelled on Friday after a fire at an electrical substation caused a power cut
Heathrow airport has returned to normal business two days after it was forced to close when a fire at an electrical substation caused a power cut.
Europe’s busiest airport had more than 1,000 flights cancelled on Friday after the fire at the substation in Hayes, west London.
Continue reading...Government says lessons need to be learned after the substation fire that caused chaos for 300,000 passengers
The government has launched an urgent investigation into the power shutdown that crippled Heathrow airport, with experts warning it was a “wake-up call” about vulnerabilities in the nation’s critical infrastructure.
The energy secretary, Ed Miliband, has commissioned the independent National Energy System Operator (Neso) to investigate the incident and assess the UK’s energy resilience. The regulator Ofgem warned it would “not hesitate” to take action if there were any breaches of standards or licence obligations.
Continue reading...Thomas Woldbye says most other airports operate similar back-up power systems to Heathrow, as Ed Miliband announces investigation
The chief executive of Heathrow has defended the running of the airport after a fire at an electrical substation stopped about 1,300 planes and disrupted the journeys of hundreds of thousands of global passengers.
It comes after Willie Walsh, the International Air Transport Association’s director general, criticised Heathrow for the disruption, while the energy secretary, Ed Miliband, has now ordered the National Energy System Operator to “urgently investigate” the outage.
Continue reading...The chancellor is under fire after a study cited as evidence for expanding the terminal to boost the UK’s economic growth was ordered by Heathrow itself
Rachel Reeves was facing criticism on Saturday night as it was confirmed that a report she cited as evidence that a third runway at Heathrow would boost the UK economy was commissioned by the airport itself.
Experts and green groups also challenged Reeves’s view that advances in the production of sustainable aviation fuel (SAF) had been a “gamechanger” that would substantially limit the environmental damage of flying, saying the claims were overblown and did not stand up to scrutiny.
Continue reading...Chancellor says she has support of cabinet as climate minister Ed Miliband reported to be sceptical over Heathrow plans
Richard Madeley goes next.
Q: The Ryanair boss Michael O’Leary says you are wrong, and the third runway won’t be built until you are 70. You are 45 now. Why is he wrong?
We’re signing off decisions on wind farms, on solar farms, a commitment to a new stadium at Old Trafford. We are upgrading the Transpennine route to make journey times easier between York and Manchester via Leeds and Huddersfield. Those things are happening right now.
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Reeves says the supply side of the economy has been held back.
Politicians have lacked the courage to confront the factors holding back growth.
They have accepted the status quo. They have been the barrier, not the enablers, of change.
Without economic growth, we cannot improve the living standards of ordinary working people, because growth isn’t simply about lines on a graph. It’s about the pounds in people’s pockets, the vibrancy of our high streets and the thriving businesses that create wealth, jobs and new opportunities for us, for our children and grandchildren.
We will have succeeded in our mission when working people are better off.
Continue reading...Chancellor expected to unveil new building projects and revise planning rules to stimulate UK economy
Rachel Reeves has given her strongest hint yet that she will back a third runway at Heathrow airport, arguing that she is willing to make difficult decisions while pursuing economic growth.
The chancellor is poised to make a significant speech this week where she will outline her plans to boost the British economy by radically altering planning rules and accelerating building projects.
Continue reading...Chancellor says runway would mean fewer planes circling London, and points to moves towards sustainable flying
Rachel Reeves has indicated her support for building a third runway at Heathrow airport, arguing that it would have environmental benefits such as fewer planes circling London.
Ahead of a major speech on economic growth this coming week, the chancellor made the case for Heathrow expansion and said there was “huge investment” in more sustainable aviation.
Continue reading...As chancellor Rachel Reeves’ plan to expand London airports gains traction, the party is accused of back-pedalling on its green commitments
Labour is being warned it is hurtling towards a “powder keg” confrontation with environmentalists, green groups and a swathe of its own supporters in the next few weeks, amid its claims that “blockers” are standing in the way of economic growth.
A flurry of pro-growth measures have been announced by ministers in recent days as part of a government fightback against claims that the economy is stalling.
Continue reading...Many flights at Heathrow and Gatwick cancelled or delayed on Saturday as murky conditions persist
Disruption caused by thick fog is expected to continue until Sunday at some of the UK’s busiest airports.
Flights at Stansted airport were affected by the weather conditions on Saturday, while live departure boards showed delays at Heathrow, Luton and Manchester airports.
Continue reading...Lobbyists are increasingly confident about expansion plans as concerns for the economy start to deepen
The younger, tormented minister mulling his position before the Labour government granted Heathrow’s third runway in 2009 might have been greatly relieved to know that, 15 years later, not a shovel would have touched the ground.
But now, returning to power with a revamped energy and climate brief, Ed Miliband again finds himself in a cabinet which, many in aviation hope, may usher in bigger airports and more flights – as well as enough CO2 emissions to outweigh any new solar farms.
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