Air Astana’s IPO Reaches $847m Valuation
Air Astana's recent initial public offering (IPO) on the London and Kazakhstan stock exchanges has placed the airline in the financial spotlight. Investors are taking note as the carrier achieves…
Section
Air and Travel
The latest air and travel news and analysis from the Financial News newsroom.
- Stories
- 3,137
- Follow
- RSS feed
All stories
381–390 of 3,529
Exploring the Rejuvenation of the Air Travel Trust Fund
The Air Travel Trust fund has witnessed an unprecedented revival, driven by a significant boom in package holiday sales. This resurgence marks a remarkable shift from the industry's critical state…
Disney’s Record Results Amid Attendance Declines
Disney theme parks and cruise line achieve remarkable financial success despite attendance dips.Operating profit for Disney's experiences division rose by 8% to $3.1 billion year-on-year.Overall revenue remained stable at £23.5…
EU Annuls Approval of Covid-19 Aid to Air Carriers
The General Court of Justice of the EU has made a significant ruling.The court annulled the European Commission's approval of substantial Covid-19 aid.Background and Initial RulingsIn the early months of…
Powder White’s Collapse Impact of Brexit, Covid, and Economics
The unexpected closure of ski agency Powder White has left many in the travel industry reeling.Brexit, Covid, and the rising cost of living are cited as key factors in Powder…
Government Allocates £30 Million for Doncaster Sheffield Airport Revival
In a significant development for regional aviation, the UK government has pledged £30 million towards reopening Doncaster Sheffield Airport. This decision marks a pivotal moment as local stakeholders have been…
Rebounding Finances Air Travel Trust Fund Strengthens to £169 Million
The Air Travel Trust Fund is experiencing a revitalised financial outlook, boasting a solid £169 million by January's end. The fund's recovery signifies a robust bounce-back from pandemic impacts.Recovery of…
European Regulatory Bodies Raise Concerns Over Airline Mergers
The European air travel sector faces potential upheaval as consumer and travel organisations issue stark warnings over imminent airline mergers.These mergers, if approved, could lead to increased prices and reduced…
Amadeus Seals €320 Million Acquisition of Vision-Box
Amadeus has announced its acquisition of Vision-Box, a distinguished provider of biometric and automated border control solutions, for €320 million. The strategic move is poised to enhance Amadeus's capabilities in…
Air Fares Surge Despite Declining Jet Fuel Costs
Despite a 20% reduction in jet fuel prices in 2023, air fares climbed by 10% in real terms. This increase surpassed the inflation rate, reflecting underlying market dynamics.Demand growth and…
Page 39 of 353