Business

British Airways boss says taking drastic action to make it through winter

British Airways is having to take every measure possible to make it through the winter because a fear of flying during the pandemic has destroyed any hope of a rapid return to normality, its boss said on Wednesday. BA CEO Alex Cruz told a parliamentary select committee that the airline was running at 25 to […]

Business

Airport slot relief needed through winter to avoid bankruptcies

There will be airline bankruptcies and thousands more job losses if a waiver requiring airlines to use airport slots is not extended, warned British Airways chief executive Alex Cruz on Wednesday. “I suspect that if that slot relief is not provided for the winter season we will have a number of airline bankruptcies and there […]

Business

German startup sennder acquires Uber’s European freight business

German freight startup sennder said on Wednesday it had acquired Uber’s European freight business in an all-stock deal that will see the U.S. ride hailing company become a minority shareholder. The deal marks the second acquisition this year by Berlin-based sennder, a digital freight forwarder founded in 2015 that specialises in full-truck loads, as it […]

Business

Color blind? How boardroom diversity data eludes advocates

Last month CtW Investment Group urged Fresenius Medical Care AG to add diverse directors to its board. The group determined the German company lacked diversity by studying photos of directors and reviewing their backgrounds online to determine their race. “It’s a very crude way,” Dieter Waizenegger, executive director of labor-affiliated CtW, acknowledged in an interview […]

Business

Everyman cinema chain’s boss Crispin Lilly to leave the business

Everyman’s chief executive is stepping down from the upmarket cinema chain which has been hurt by the Covid-19 pandemic. Everyman Media Group said Crispin Lilly has tendered his resignation after almost six years as chief executive, “in order to pursue personal interests”. Lilly will step down from the board with immediate effect, but has agreed […]

Business

Pub industry warns latest local restrictions a “significant blow”

The British Beer and Pub Association has said new local restrictions in parts of the North East are a “significant blow” as the sector tries to recover from Covid-19 disruption. The organisation, which represents brewers and pubs, made the comment after it emerged tighter restrictions will be coming in tomorrow for Northumberland, North Tyneside, South […]