While the future of the country and London Stansted's expansion schemes remain unclear, the airport is optimistic for its future. The UK and European Union (EU) have not reached a Brexit agreement at the moment and Prime Minister Boris Johnson insisted the country will leave the EU by the end of October. The potential hard Brexit could have a serious consequence for the country. Ken O’Toole, Chief Executive Officer of Stansted Airport said, “We, like a lot of other people…
While the future of the country and London Stansted's expansion schemes remain unclear, the airport is optimistic for its future. The UK and European Union (EU) have not reached a Brexit agreement at the moment and Prime Minister Boris Johnson insisted the country will leave the EU by the end…
Last February, British Airways announced some of its best financial results on record Generating more than £2 billion ($2.53 billion) in profits for the year 2018, with an operating margin 15 percent higher than in 2017, the flag carrier stood firm amidst rising oil prices and widespread uncertainties due to…
U.K. low-cost carrier easyJet has announced a record $352 million headline loss before tax for the first six months of its financial year. According to the airline’s chief executive officer, Johan Lundgren, the half-yearly result is “in line with expectations” as the reporting period encompasses the traditionally off-peak northern winter…
The U.K.'s Flybmi is the latest airline to cease operations following an announcement on the airline’s website last weekend. The news brings an end to the British Midland franchise that dates back to the 1960s and misery to thousands of passengers due to fly out this weekend at the beginning…
The European aviation industry has seen significant consolidation since the liberalization of the market in the 1990s. High profile mergers such as that of Air France and KLM and the acquisition by the Lufthansa group of SWISS, Brussels Airlines and Austrian Airlines have reshaped the industry. The IAG consortium of…
With the United Kingdom’s exit date from the European Union nearing and deal negotiations being involved in more complications than consensus, airlines have been preparing to protect their operations across different scenarios. So far, this includes EasyJet having set up EasyJet Europe as a "separate" airline based in Vienna and…
Events in the U.K. Parliament this week have the aviation industry escalating preparations for the ever-increasing possibility of a No-Deal Brexit. On Tuesday evening, U.K. Members of Parliament voted against the Withdrawal Agreement negotiated between the U.K. government and the European Union. Acceptance of the agreement, which only covers the…
Uncertainties regarding Brexit are impacting in many industries, but one of those most affected is, without a doubt, aviation. With the U.K. and European Union failing to agree on critical issues and voting stalled in the U.K. Parliament, businesses are preparing for the worst as the March deadline rapidly approaches.…
Ahead of parliament’s crucial vote on a Brexit withdrawal agreement on Tuesday, the U.K. government this week announced a new aviation passenger charter to “promote best practice ensuring improvements for passengers throughout their journey.” The proposed charter forms the first stage of a 16-week consultation process between the government, the…
