Soaring fuel costs and rising taxes took their toll on Virgin Atlantic as the airline slumped to an underlying loss of £80.2 million.
National Express is boosting the pay of its chief executive Dean Finch, including handing him an extra performance-based share bonus currently worth £550,000, after deciding it hired him on the cheap.
The number of complaints against rail companies has jumped by nearly a third over the past year, watchdog Passenger Focus has reported.
London Underground carried more customers on Wednesday 1 August than on any other day in its history, with 4.25 million passengers. The record was then promptly broken the next day,
Saturday, 04 August 2012
- Olympic transport coping despite Tube delays There are currently three rush hours in London: the usual two and then an extra one at 23:00 BST when the athletics kicks out.
- Virgin Atlantic makes annual loss after high fuel costs Virgin Atlantic has reported an annual loss because of higher fuel prices.
- Six-lane A55 call 'impractical'Ministers thank motorists for their patience after the A55 is closed for 12 hours after a lorry overturns but say road widening is
- 'Yellow brick road' review agreedThe decision to paint yellow pavement markings in Ruthin is under review after a
- Olympic transport survives stressLondon's transport system is
- JAL to raise $8.5bn in Tokyo relistingAirlines plan to relist in the largest initial public offering in Asia this year, comes less than three years after filing for bankruptcy
- BA challenge helps push Virgin into lossUK carrier swings to a pre-tax loss of £80m as higher fuel prices and a stronger competitive challenge from British Airways cause turbulence
- IAG cuts guidance on Iberia woesAirlines group readies job cuts at subsidiary after the Spanish flag carrier records a â¬263m operating loss in the first half of 2012
- Australian group eyes Stansted airportA stake deal agreed with Industry Funds Management is conditional on Manchester Airports Group winning any future contest for the London airport
- London 2012: TFL has not set aside any extra money to pay refunds to delayed commuters during the Olympics No extra money has been set aside to pay refunds owed to delayed commuters during the London 2012 Olympics despite the extra burden placed on the transport system by the Games, The Independent has learned.Related StoriesHunt admits Games have put off London's touristsJeremy Hunt admits Olympic Games have put off London's tourists
- Virgin Atlantic hit by fuel costs Soaring fuel costs and rising taxes took their toll on Virgin Atlantic as the airline slumped to an underlying loss of £80.2 million.
- Four billion reasons why Willie Walsh can sleep soundly at night The most important number in the IAG results is not British Airways 13m (£10.2m) operating profit, the 25pc increase in fuel costs or even Iberias 263m operating loss.
- 'Cheap National Express boss is given a bonus National Express is boosting the pay of its chief executive Dean Finch, including handing him an extra performance-based share bonus currently worth £550,000, after deciding it hired him on the cheap.
- British Airways owner IAG plans for Spanish exit from eurozone The parent company of British Airways and Iberia has drawn up advanced plans for what it would do in the event of a Spanish exit from the eurozone.
- Richard Branson's Virgin Atlantic slumps to £80.2m loss Soaring fuel costs and rising taxes have taken their toll on Virgin Atlantic as the airline slumped to an underlying loss of £80.2m.
- Long queues for trains to London 2012 Olympic parkSpectators hoping to watch the track and field events at the London 2012 Olympic stadium have been faced with long queues to board the shuttle train to the Olympic park.
- Passenger watchdog handles more train complaintsThe number of complaints against rail companies has jumped by nearly a third over the past year, watchdog Passenger Focus has reported.
- Thomas Cook fights backTHOMAS Cook's new boss said she would be booking her summer holidays with the firm yesterday as she vowed to
- Toyota is set to regain lead as top car makerTOYOTA Motor Corporation is revving up to regain its lead as the world's biggest car maker after its best sales performance in four years.
- BA boss hatches plan for Spanish euro exitINTERNATIONAL Airlines Group has put in place contingency plans for a possible Spanish exit from the euro as it issued a profit warning on a
- Test case could force budget airlines to axe baggage feesThey will say that under a 1960 law the cost of carrying the luggage is included in the price of the plane ticket
- Olympic National Rail travel bulletin: Friday 3 AugustWith the Olympics building up to its busiest days so far, train companies are providing significant amounts of extra capacity to get spectators to events and home again today and over the weekend....
- Bus company bounces back after attacks from vandals A FAMILY-run bus firm is flourishing just six months after being plagued by vandals.
Daily Post (North Wales)
- More cyclists die in North Wales than any region outside LondonTWENTY-TWO cyclists have been killed and 1,165 injured on North Wales roads in the past decade, it emerged yesterday amid a new debate on safety.
- Welsh Ministers clock up 295,381 miles in official carsTHE Welsh Government yesterday defended the 295,381 miles ministers had travelled in official cars since last years election.
- St Helens set for new fleet of hi-tech busesST HELENS is set to be served by a new fleet of hi-tech buses.
London Evening Standard
- Boris defends his Hiroshima Tube messages as West End businesses complain of slow tradeBoris Johnson said today his Hiroshima Tube announcements were not to blame for putting visitors off coming into London during the Olympics.
- Battle to save 66 bus taken to town hallBUS campaigners took their fight to save a vital bus service to Sheffield Town Hall.
The York Press
- Cycling map to be redrawn CYCLISTS and residents are being given the chance to air their views on a new bike network for York.
- Strike by Severn Bridge staff 'would be extremely irresponsible'Strike action by toll booth staff working on the Severn bridges would impact greatly on the Welsh economy and would be extremely irresponsible, business leaders said today.
Wolverhampton Express and Star
- First look at Wolverhamptons Low Level station revampDevelopers behind the transformation of Wolverhamptons historic Low Level station have opened up its doors for a sneak peak inside ahead of its grand unveiling as a banqueting hall.
Other Regional Press
- Train company given a low rating in report SOUTHERN Railway, the main train operator for East Sussex, has one of the lowest overall satisfaction ratings in a national passenger survey.
- Fantastic news for station fight [letter]It is fantastic news that the proposed reopening of Ilkeston railway station is now on the fast track to bcoming a reality.
- Community bus service to open in Forest of DeanA NEW community transport scheme is opening its doors to passengers in the Forest, filling the holes left by scaled back bus services.
- Road scheme for Kempston streetsNEW traffic measures in Kempston have delighted residents of two congested streets.
Global Rail News
- Crossrail releases images of Paddington developmentNew images have been released of Crossrail’s proposed 15-storey over-site development at Paddington. Plans have now been submitted to Westminster City Council for the 320,000 sq ft development is located at the junction of Bishops Bridge Road and the Grand Union Canal, with the new London Underground Hammersmith & City line station to the south. [...]
- Bombardier extends Newark AirTrain contractBombardier Transportation has signed a contract with the Port Authority of New York and New Jersey (PANYNJ) to provide operations and maintenance (O&M) services for a further 10 years. The contract is valued at approximately $243 million (197 million euro) and will start on August 3, 2012. The AirTrain system at Newark Liberty International Airport [...]
- Dublins new Luas light rail line to open in 2017A tribunal has given the go-ahead to a new 370 million euro light rail line in Dublin – the latest phase of the city’s Luas Light Rail project The new Luas line will run between the Green Line terminus to St Stephen’s Green, then through the city centre on to Broombridge. Construction of the 6km [...]
- Rail worker retires after 50 years in the industryA Greater Anglia employee has retired after 50 years in the rail industry. John Coates, 65, started out as a teenage apprentice coppersmith and worked his way up to maintenance manager at the company’s Ilford depot. In 1967, John joined the depot maintenance team at Ilford Heavy Works shop. Twenty-three years later, he transferred to [...]
Transport for London
- London 2012 Games bring busiest days in Tube's history London Underground carried more customers on Wednesday 1 August than on any other day in its history, with 4.25 million passengers. The record was then promptly broken the next day,
- IAG goes into the red on Iberia lossesBritish Airways owner weighed down by Spanish economic crisis
- British Airways superjumbo deliveries pushed backIAG admits that A380s are now likely to be delivered in the second half of 2013
- Virgin Atlantic falls to £80 million lossBritish carrier blames "sky-high" oil prices and economy for deficit
- Puncture-proof bicycle tyres; peace of mind, but at what cost? The bicycle is a design of such elegant simplicity that it has remained largely unchanged in over 100 years, but no one has yet come up with a solution to the problem of punctures. read more
Other News Sources
- Liverpools shared community interest in partnership on the waterfront The Liverpool Waterfront Business Partnership (LWBP) is forming a Community Interest Company (CIC) to help drive more visitors to the city waterfront, which it hopes to turn into a major attraction along the lines of Darling Harbour in Sydney.
- Bus cuts will leave NHS Tayside staff stranded A SENIOR nurse says plans to scale down the PRI to Ninewells hospital link bus service will cause chaos for shift workers.
- Friday, 03 August 2012
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Conferences & Expo's
- 19th Annual conference of railway experts - 14-15 February 2017 - Germany
- Delivering major rail projects - 29 November 2016 - London
- ERTMS Education Days - 1 December 2016 - London
- Exporail 2016 - 26-28 October 2016 - Moscow
- Fixed Track Forms for High Speed - 11 October - Manchester
- Future of London Transport Strategy - 3 November 2016 - Bracknell
- Intelligent Rail Summit 2016 - 22-24 November 2016 - Naples
- Moblab - 12-13 October 2016 - Switzerland
- Northern Powerhouse Rail Conference - 10 November 2016 - Manchester
- Passenger Terminal Expo 2017 - 14-16 March 2017 Amsterdam
- Rail Business Awards - 23 February 2017 - London
- Rail IT World Congress - 14-15 November 2016- Amsterdam
- Rail simulation technology forum - 21-23 November 2016 - Amsterdam
- Railcon 16 - 13-14 October 2016 - Serbia
- Railtech 2017 - 28-24 March 2017 - Utrecht
- Railtex 2017 - 9-11 May 2017 - Birmingham
- Railway Brake and Friction - 14 December 2016 - Derby
- Railway condition Monitoring - 27-28 September 2016 - Birmingham
- Rolling Stock Procurement - 15 November 2016 - London
- SmartMetro 2016 - 1-3 November 2016 - Copenhagen
- SmartRail USA - 25-26 October 2016 - New York
- Stephenson Conference - 25-27 April 2017 - London
- The Future of Rail - 1 December 2016 - London
- Transport-Led Development in the Midlands 2016 - 19 October 2016 - Birmingham
- World Metro Rail Congress - 25-26 April 2017 - London
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