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British Airways halts short-term Heathrow flights

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2 years ago

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Britain’s flagship carrier is halting the sales of short-haul flight tickets from London Heathrow Airport

British Airways is temporarily pausing short-term flights from London’s busiest airport, as the summer holiday season wreaks havoc on the aviation sector.

The move follows a cap in daily passenger numbers travelling through London Heathrow.

The suspension of tickets will affect BA’s flights to a range of European destinations.

“As a result of Heathrow’s request to limit new bookings, we’ve decided to take responsible action and limit the available fares on some Heathrow services to help maximise rebooking options for existing customers, given the restrictions imposed on us and the ongoing challenges facing the entire aviation industry.”

British airways

The company says existing bookings will not be affected. However, thousands of travellers have been impacted by the disruptions, including delays, cancellations and lost luggage in recent weeks.

British Airways has cut nearly 30,000 flights because of staffing problems from its April to October schedule.

The scheduling changes come after staff shortages because of the pandemic, and staff getting sick.

Meanwhile, Heathrow Airport has also struggled with the rising number of passengers. Issues with its baggage handling systems have led to passengers losing their luggage for days on end.

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What to expect for IPO markets

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21 hours ago

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September 13, 2024

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With high interest rates and geopolitical uncertainty–what’s in store for IPO markets?

As the second half of 2024 begins, the IPO market is poised for a potential rebound after a sluggish start to the year.

With improving economic conditions and renewed investor confidence, more companies seem to be considering going public, creating market optimism.

However, challenges such as inflation and geopolitical uncertainties remain key factors to watch.

Dean Quiambao, a partner at Armanino joins Veronica Dudo to discuss what experts are predicting for the IPO landscape in the coming months and how businesses are positioning themselves for success.

#IN AMERICA TODAY #trending #IPO #IPOmarkets #ratecuts

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ASX positioned for strong start after positive stock rebound

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4 days ago

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September 10, 2024

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The ASX is set for a solid opening today, bolstered by overnight gains in the banking, commodities, and energy sectors.

Despite these positive movements, analysts are suggesting that the stock rebound and bond decline appear to be technically driven, noting that it may not mark the beginning of a longer-term trend.

Market analyst David Scutt from StoneX joins to discuss the latest market movements. #featured #trending

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Elon Musk is projected to become the world’s first trillionaire

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4 days ago

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September 9, 2024

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Elon Musk, the visionary entrepreneur behind Tesla and SpaceX, is projected to achieve an unprecedented financial milestone by becoming the world’s first trillionaire by 2027.

Currently the richest person alive, Musk holds a staggering net worth of $251 billion, with Tesla playing a major role in his fortune.

At this rate, experts predict his wealth could skyrocket, reaching the trillion-dollar milestone in just three years.

Tesla itself is growing at a remarkable pace, with a market value nearing $670 billion. #featured #trending

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