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Ryanair’s Michael O’Leary has predicted the end of “rock bottom” airline prices in the next few years as fuel costs rise for carriers.
Disney, meanwhile, has seen visitor numbers increase rapidly at its theme parks in the US and France this summer with attendances now above pre-Covid levels.
Elsewhere, security staff at Leeds Bradford airport are the latest group of workers to threaten strike action this summer, while direct flights between the UK and China are set to finally resume for the first time since 2020.
Here are the key headlines travel woke up to on Thursday (11 August).
Ryanair boss says the era of €10 flights is over
Ryanair’s chief executive Michael O’Leary says the airline will not be offering fares at “rock bottom” prices over the next few years due to the rising cost of fuel. O’Leary added that he expected people to continue flying frequently despite surging inflation. (BBC News)
Disney profits from booming theme parks
Entertainment giant Disney has reported improved financial results thanks to a strong performance by its theme parks in the US and France this summer where visitor numbers have now exceeded pre-Covid levels. Disney’s chief executive Bob Chapek called the rebound at its parks “resilient and long-lasting”. (Various)
Leeds Bradford airport security staff threaten strike over pay
Passengers using Leeds Bradford airport are being warned of fresh disruption after security staff threatened to go on strike in a row over performance-related bonuses. Members of the GMB union have voted to walk out at the end of this month. (ITV News)
Energy firms threatened with new windfall tax
Electricity companies will be told by ministers to increase their investment in greener and renewable sources of energy or risk having a windfall tax imposed on them as the cost of living crisis deepens amid predictions of household energy bills reaching more than £4,200 per year. (The i)
UK and China agree to resume direct passenger flights
Flights between the UK and China are set to resume after the British government struck a deal with the Chinese aviation regulator. China has banned flights from the UK since December 2020 due to the Covid-19 pandemic. Services between the UK and China will initially be operated by Chinese airlines. (Reuters)
England and Wales face ‘exceptional wildfire risk’ amid 36C heatwave
Parts of the UK are facing a very high risk of wildfires breaking out over the next few days as a new amber warning for high temperatures comes into force across much of southern England and Wales. (The Independent)
