CBS Moves Ahead With Layoffs In News News operations at several local CBS stations started a series of job cuts this week as the network itself, CBS News, moved ahead with plans to lay off about 1 percent of its nearly 1,200 employees.... Read Full Article The Asterisk On Cancer Deaths Cancer death rates are down in the United States, but certain cancers seem to be becoming more common. Why?... Read Full Article Pakistan Talks Have Stalled, Former Premier Says Benazir Bhutto left open the possibility that her party would leave parliament before presidential elections.... Read Full Article Virtuvian Pulls Out Of Virgin Radio Auction Vitruvian Partners, the private equity firm expected to table a bid for Virgin Radio earlier this week, decided against an approach as it was unwilling to match the £60 million to £70 mill... Read Full Article What To Watch? How About A ?Simpsons? Episode From 1999? Although DVD sales are down this year, television series on disc have fared better than other categories, and sales of complete seasons are registering growth.... Read Full Article |
Terminal NewsBA’s Willie Walsh waives bonus over Terminal 5 fiascoWillie Walsh, the chief executive of British Airways, has bowed to investor pressure and will not take his bonus because of the airline’s failure to move smoothly into Teminal 5 in March.Read Full Article Obama receives blue-collar boostFormer US presidential candidate John Edwards has delivered a further blow to Hillary Clinton’s near-terminal campaign by endorsing Barack Obama.Read Full Article BA chief: T5 baggage system ’compromised’The chief executive of British Airways admitted today that he had considered delaying the opening of Heathrow’s Terminal 5, and that staff training in the run-up to its first day had not been good enough.Read Full Article British Airways counts cost of T5 fiasco as passenger numbers fallThe chaotic opening of Heathrow’s Terminal 5 last month led to British Airways’ worst April since the start of the Iraq war. Yesterday the airline said that passenger numbers had fallen by 7.9 per cent, or 221,000 people, to 2.5 million after the problematic opening of the £4.3 billion terminal. The British flag carrier was forced to cancel more than 430 flights and lost about 20,000 pieces of luggage as it moved into its new home at T5. The negative publicity and cancelled flights are thought to have contributed substantially to the fall in passenger numbers during the month. This particularly affected BA’s UK and European operations, which were the first to move into T5. Short-haul passenger numbers fell 8.5 per cent last month and BA’s aircraft were operating at only 70 per cent of capacity. Worldwide, the carrier’s aircraft were 71.6 per cent full during the month, the lowest April load factor since the Iraq war began in March 2003. Load factors are seasonal and typically in April traffic rises before the summer. The decline in passenger numbers last month was worst in the economy cabins, with an8.8 per cent fall compared with last year. Premium passenger numbers rebounded by 3.4 per cent after a 5 per cent fall in the previous month. Of particular concern to BA will be the sudden drop in transatlantic travel, which is where the carrier makes the bulk of its money. Passenger numbers to and from the Americas fell 7.9 per cent and the load factor fell to 72.2 per cent, from 78.5 per cent in the same month last year. Nick van den Brul, aviation analyst for Exane BNP Paribas, said: “T5 has clearly been a big problem and it will have an impact on profits. April is usually a good month, when things start to pick up after the winter, but this has not happened.” Analysts are concerned that BA’s passenger numbers are falling just as costs rise and the economy slows. Oil prices have hit record levels and this has caused a number of airlines to go into bankruptcy. BA put up its fuel surcharge last week to cover these increased costs, but it risks losing passengers, particularly as the economies of Britain and the United States slow. Doug McVitie, managing director of Arran Aerospace, an aviation consult-ancy, said: “The combination of higher fares, higher costs and falling passenger numbers is very bad news and the more bad news there is, the more people will be put off the airline.” BA’s share price fell 9¾p to 239p yesterday and is trading at less than half the level of a year ago. The company said: “Market conditions are broadly unchanged with long-haul, nonpremium traffic showing significant weakness. In April some impact was felt, particularly on transfer traffic, from the move to T5 and the operational problems in the early part of the month.” Ryanair, the low-cost carrier, has also suffered from weaker demand as a result of tighter household budgets. Its traffic figures for April show that it is not increasing passenger numbers by enough to cope with the capacity it is adding. Passenger numbers rose by 15 per cent to 4.7 million, compared with the same month last year, but load factors dropped to 79 per cent from 83 per cent. Further indications of weakness in the airline sector is expected today when easyJet, another budget airline, reports its first-half figures. Analysts expect a loss of about £50 million compared with a £17 million loss in the same half last year.Read Full Article BA loses 220,000 passengers following T5 debacleBritish Airways, the UK flag carrier, flew 7.9 per cent fewer passengers last month following the chaotic opening of Heathrow’s Terminal 5 and the continued slowdown in the US economy.Read Full Article External News for: terminalPort of Baltimore to get multi-million-dollar upgrade - Baltimore SunBaltimore SunPort of Baltimore to get multi-million-dollar upgradeBaltimore SunThey identified the company that will take over container operations at Seagirt Marine Terminal as Ports America Chesapeake, a newly chartered affiliate of ...Hopes are high for expanded SeagirtDaily Record (subscription)Maryland officials reach port agreementThe Associated PressA Bigger Terminal, Thousands Of Jobs Planned For The PortWBAL RadioBaltimore Business Journal -WBAL TV -Washington Postall 74 news articles »Port of Baltimore to get multi-million-dollar upgrade - Baltimore SunBaltimore SunPort of Baltimore to get multi-million-dollar upgradeBaltimore SunThey identified the company that will take over container operations at Seagirt Marine Terminal as Ports America Chesapeake, a newly chartered affiliate of ...Hopes are high for expanded SeagirtDaily Record (subscription)Maryland officials reach port agreementThe Associated PressA Bigger Terminal, Thousands Of Jobs Planned For The PortWBAL RadioBaltimore Business Journal -WBAL TV -Washington Postall 74 news articles »Search halted for body near ferry terminal - Seattle Post IntelligencerSearch halted for body near ferry terminalSeattle Post IntelligencerAP SEATTLE -- The Coast Guard has suspended its search for a body reportedly seen by two people in the water near the Mukilteo ferry terminal. ...Search for body near Mukilteo Ferry TerminalKING5.comSearch For Possible Body In Puget Sound SuspendedKIROtv.comBody reported near Mukilteo ferry terminalSeattle TimesHeraldNet -Lynnwood Enterprise -Seattle Post Intelligencerall 23 news articles »Port of Baltimore to get multi-million-dollar upgrade - Baltimore SunBaltimore SunPort of Baltimore to get multi-million-dollar upgradeBaltimore SunThey identified the company that will take over container operations at Seagirt Marine Terminal as Ports America Chesapeake, a newly chartered affiliate of ...Hopes are high for expanded SeagirtDaily Record (subscription)Maryland officials reach port agreementThe Associated PressA Bigger Terminal, Thousands Of Jobs Planned For The PortWBAL RadioBaltimore Business Journal -WBAL TV -Washington Postall 74 news articles »Search halted for body near ferry terminal - Seattle Post IntelligencerSearch halted for body near ferry terminalSeattle Post IntelligencerAP SEATTLE -- The Coast Guard has suspended its search for a body reportedly seen by two people in the water near the Mukilteo ferry terminal. ...Search for body near Mukilteo Ferry TerminalKING5.comSearch For Possible Body In Puget Sound SuspendedKIROtv.comBody reported near Mukilteo ferry terminalSeattle TimesHeraldNet -Lynnwood Enterprise -Seattle Post Intelligencerall 23 news articles »Valero's Delaware Refinery Site Faces Unclear Future >VLO - Wall Street JournalWashington PostValero's Delaware Refinery Site Faces Unclear Future >VLOWall Street JournalThe company could turn it into a storage terminal - or engage in the costly process of cleaning up the land. It could also convert it into a biofuels ...Delaware: Big Economic Impact From Valero ClosureWall Street Journalall 281 news articles » |
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