Ryanair has seen profits fall by 29 per cent, to €1.02 billion, for the year to March 31st as the price of seats fell and the cost of fuel rose. The low-cost carrier said worse could be to come this summer as over capacity in Europe pushes carriers to cut prices further.
UK rail passengers lost almost four million hours to significantly delayed train journeys in 2018 – making it the worst year since records have been held, according to Which? research. The staggering level of delays – 3,928,560 hours in total – relates to 8.1 million passenger journeys and meant around 80 trains per day were significantly delayed.
The Indian Hotels Company has announced a three-year strategic partnership with the sovereign wealth fund of Singapore, GIC. With funds of up to US$600 million, the new platform will be used to acquire fully operational hotels in the luxury, upper upscale and upscale segments in India.
Etihad Airways is extending its free Abu Dhabi stopover campaign to the end of the year due to the popularity of the special offer in its opening month. Travellers flying through the capital of the UAE with the airline are invited to enjoy a free two-night hotel stay to break up their journey and explore the city’s vibrant and diverse attractions.
A five-bedroom apartment located in One Palm has taken the top spot for 2019 in the Dubai property market. The off-plan property on the iconic Palm Jumeirah sold for US$20 million earlier, becoming the most expensive deal of the year so far.
The flag-carrier hopes the proposed transaction, valued at approximately $13 per share, will create a Montreal-based global travel services company in leisure, tourism and travel distribution.
Authorities had originally planned to scrap the cards for visitors from seven countries, but this has now been changed to include passengers arriving from all over the world.
easyJet has reported a loss before tax of £272 million for the first half of financial 2019, compared to a loss of £68 million for the same period last year. The low-cost carrier said the fall into the red reflected the negative impact of Brexit on the value of the pound and the closure of Gatwick airport following a drone incident.
The first ship designed specifically for the beautiful Galapagos Islands – Celebrity Cruises’ Celebrity Flora – is preparing to embark on her transatlantic journey to her new home following a delivery ceremony.
Europcar Mobility Group generated revenues of €553 million in the first quarter of financial 2019, a slight decline of 0.6 per cent when compared to last year. The car rental company said the fall was driven by an earlier Easter, which fell in April this year.