tv Business Today BBC News November 27, 2024 11:30am-11:46am GMT
11:30 am
i'll be asking her about its claim to be the most environmentally sustainable ultra—low cost carrier globally. mexico and canada are primed to retaliate to president—elect trump's proposed new tariffs as markets price in the trade tensions. welcome to business today. easyjet�*s full year operating profit is up 25% to £597 million — or $751 million. last week the company was hit with a fine of 29 million euros imposed by a spanish court over what it called "abusive practice", charging for the likes of cabin luggage or assigned seating for children. speaking to my colleage sally bundock on business today, the company's ceo johan lundgren rejected the fine and said it would be vigorously opposed. we completely disagree with this. we actually think it's illegal.
11:31 am
we think that it goes against the european consumer law, which actually sets out very clearly that customers should only have to pay for the things that they use. and actually, if this was introduced elsewhere, and i don't think it will, i don't think it will happen in spain either, because we will challenge this as all airlines will do, you would only see that ultimately the base fares will go up and customers will have limited choice. so that's the case we're going to set out. why are you sure that other countries won't follow suit? because it's already stipulated in european law that this is the right thing for the consumer. it is consumer—friendly that people only have to, you know, pay for the things that they actually buy. so that's part of actually having choices. and it keeps the average fares very low. you know, one of the reasons why low cost airlines are able to grow to the extent we are and the sector is quite successful, is because we're giving people choice and we're keeping the base fares low. 50% of everything that is
11:32 am
on sale with easyjet at this moment in time is sold for under £50, and one third of our customers doesn't buy any ancillaries at all. the boss of easyjet there. meanwhile, another budget airline, wizz air announced this morning that 100 million passengers have travelled through its uk network. the company's celebrating it's 20th anniversary this year. joining me now is marion geoffroy, the boss of wizz air uk. i know you won't one of the companies named there but you do charge for things like group booking fees, airport check—in fees and other items not costed in the advertised fee but come through when you book online so they are not hidden but added as you go along. do you think the pressure from the spanish will start to change these types of behaviours? good morning. _ types of behaviours? good morning, mark. _
11:33 am
types of behaviours? good morning, mark. indeed - types of behaviours? good morning, mark. indeed we types of behaviours? good - morning, mark. indeed we were not impacted by this decision in spain and we truly believe in spain and we truly believe in giving consumers the choice of how they want to travel and how much they want to add to their ticket, so we are absolutely working towards always ensuring transparent pricing of the products and services that we have on sale for the customers. 50 services that we have on sale for the customers.— for the customers. so any of the concerns _ for the customers. so any of the concerns raised - for the customers. so any of the concerns raised room . for the customers. so any ofi the concerns raised room for change? the concerns raised room for chance? ~ ., �* ., the concerns raised room for chance? .,�* ., . , change? we don't have concerns in that respect. _ change? we don't have concerns in that respect. the _ change? we don't have concerns in that respect. the practice - in that respect. the practice must be transparent, that is conditional on ensuring we have the trust from the consumers, and we are actually not facing issues in that respect. so i truly believe that we need to continue giving that choice to our consumers and ensure this is all transparently made available.— is all transparently made available. ., ., ., available. looking ahead to our available. looking ahead to your flight _ available. looking ahead to your flight schedule - available. looking ahead toi your flight schedule coming available. looking ahead to - your flight schedule coming up, your flight schedule coming up, you are uk based, what is your view of rachel reeves' budget
11:34 am
and the looming air passenger tax rise? . ., , , tax rise? the increase is never aood tax rise? the increase is never good news _ tax rise? the increase is never good news for _ tax rise? the increase is never good news for the _ tax rise? the increase is never good news for the industry - good news for the industry overall, notjust us but also consumers in the end. we believe this is not the right answer to the matter and we are obviously in discussion with other stakeholders in the industry and also with the government because we believe that at the end of the day this is not the right measures to introduce in an already high cost environment.— introduce in an already high cost environment. one of the big issues _ cost environment. one of the big issues in _ cost environment. one of the big issues in airline _ cost environment. one of the big issues in airline travel- cost environment. one of the big issues in airline travel is l big issues in airline travel is green credentials, and airlines find it quite difficult to advertise their green credentials. virgin has run into trouble and yourselves, your ad suggests you are one of the greenest choices in air travel has been banned by the advertising watchdog. in a press release today you claim you are the most environmentally sustainable airline globally. how difficult is it to get the message across
11:35 am
without falling foul of the watchdogs?— without falling foul of the watchdo . s? , ., , watchdogs? yes, the ad itself is not wrong _ watchdogs? yes, the ad itself is not wrong but _ watchdogs? yes, the ad itself is not wrong but we _ watchdogs? yes, the ad itself is not wrong but we are - watchdogs? yes, the ad itself is not wrong but we are going i is not wrong but we are going to give it more substance and this is not a lie that we have put forward, it is something that we will be substantive and because we are indeed the most efficient choice of air travel operating one of the youngest fleets in the world. we have an average fleet age of almost four years which is three times less than most of the carriers here in the united kingdom. what do you mean by that? when you talk about your green footprint, is it the fuel you use or how the fuel gets to the airline? can you be specific about what it is that is green about what it is that is green about your airline? indie about your airline? we communicate - about your airline? we communicate about. about your airline? - communicate about the c0 two emissions per passenger transported, and this is thanks to the new fleet that we can
11:36 am
have these credentials, but thatis have these credentials, but that is a lot of other elements such as the density of our aircraft. 0ur aircraft are brand—new and we can see 239 passengers in our aircraft. we factor usually about 93% so per passenger transported, our c02 passenger transported, our co2 emissions are the lowest in the industry currently, and will stay so for many more years. all right, very kind of you to join us on the thank you. canada and mexico have hit back with hints of retaliation in response to president—elect trump's promise of punitive trade tariffs imposed on both countries on the day he takes office. the canadian dollar hit a four—year low and the mexican peso also slumped in value as markets weighed up the cost of 25% levies on canadian and mexican exports to the us. trump says the tariffs will remain in place until there is a clampdown on illegal immigration.
11:37 am
mexico's president warned trump that tariffs would disrupt the us economy and us companies in mexico while urging for dialogue. translation: what we are saying is that this is _ translation: what we are saying is that this is going _ translation: what we are saying is that this is going to _ translation: what we are saying is that this is going to affect - is that this is going to affect the us economy and american companies that have been here in mexico for 80 years, so it's better to have a dialogue and come to an agreement on these issues and others that are relevant. let's round up some of the other business stories making headlines now. aston martin has announced it's looking to raise cash as it issued its second profit warning in two months. the uk luxury car maker is now expecting to turn a profit of around 280 million pounds this year — which is £25 million below last year's figure. aston martin blamed a "minor delay" in deliveries of its ultra—exclusive valiant models for the fall in revenues.
11:38 am
the food delivery service just eat has announced it's delisting from the london stock exchange, as it looks to cut costs. the news will be another blow for the uk's international standing as a financial centre. europe's largest meal delivery company has been facing tough competition from other delivery services. just eat will keep its other listing on the amsterdam stock exchange. the amount of money people can place on a single online slots bet in the uk will be restricted for the first time as part of a wider government overhaul to tackle gambling addiction. a £5 per spin limit will apply to all adults aged 25 and over. there will be a £2 per spin limit for 18 to 24—year—olds. the betting and gaming council said it supported the government's proposals, but says "ministers must not lose sight of the fact that the vast majority of the 22.5 million people who enjoy a bet each month on the lottery, in bookmakers, casinos, bingo halls,
11:39 am
and online do so safely." let's cross live now tojon armstrong, the head of external affairs at gamcare — a gambling support body. can you take us through what's changed here. how will it work? is there a limit on a number of spins people can do and why wasn't there a limit before? good morning and good tojoin you. we are very supportive of this announcement. this is part of a consultation government launched about 18 months ago, and charities like ourselves at gamcare gave our views. we supported the idea of a £2 stake a limit on all gamblers and the government has come with something that recognises that young people may need
11:40 am
extra protections in place. we are not against those people who enjoy their gambling... sorry, excuse me.— who enjoy their gambling... sorry, excuse me. you said you wanted a _ sorry, excuse me. you said you wanted a £2 — sorry, excuse me. you said you wanted a £2 limit _ sorry, excuse me. you said you wanted a £2 limit presumably l wanted a £2 limit presumably for over 25s as well, what difference will having a £5 limit make?— difference will having a £5 limit make? ~ . ., _ limit make? what we are saying on our -- _ limit make? what we are saying on our -- seeing _ limit make? what we are saying on our -- seeing is _ limit make? what we are saying on our -- seeing is an _ on our —— seeing is an increasing number of callers. we had over 55,000 last year and nearly half were reporting that it was online slots and the way that online slots, they played them, that was leading to their difficulties with gambling which was why they were calling us. so we think placing a limit on the stake... these games are highly repetitive, we have lots of examples of people playing them through the night, late at night, and being able to repetitively gamble over an extended period of time, so we think this is a really positive
11:41 am
step to try to break that cycle for those people for whom it becomes a problem. so for those people for whom it becomes a problem.- for those people for whom it becomes a problem. so it would take longer— becomes a problem. so it would take longer for _ becomes a problem. so it would take longer for that _ becomes a problem. so it would take longer for that person - becomes a problem. so it would take longer for that person to i take longer for that person to continue to gamble and to raise... to spend as much money as they had been spending quicker in the past. if they have been having problems, there is a national gambling helpline as a first port of call. what else do you think will be raised from the taxes the government is asking for from gambling companies? the? from gambling companies? they confirmed today _ from gambling companies? they confirmed today a _ from gambling companies? they confirmed today a levy. - confirmed today a levy. previously the industry were paying voluntarily, providing money for organisations like gamcare to run the national gambling helpline and other organisations providing support to those people directly affected by gambling or worried about a loved one also affected by gambling. so this money will be raised as a statutory levy on the businesses that the operators. so we think that is a step forward in terms of making it clear that financial
11:42 am
support is there to help organisations to support those affected. , ., organisations to support those affected. ~ , ., affected. ok, jon armstrong, head of external _ affected. ok, jon armstrong, head of external affairs - affected. ok, jon armstrong, head of external affairs at - head of external affairs at gamcare, thank you. prime minister's questions is coming up shortly for viewers in the uk, stay with bbc news because sir keir starmer is expected to take questions about electric vehicle targets. which manufacturers say are too high for current consumer demand. this week, the owner of car company vauxhall announced plans to close its van—making factory in luton, north of london, putting about 11 hundred jobs at risk. the company, stellantis, which also owns citroen, peugeot and fiat, says it wants to consolidate electric van production, at its other uk plant. stay tuned for that on bbc news.
11:44 am
11:45 am
league as they continued their wretched form, letting a three—goal lead slip to draw with dutch side feyenoord. pep guardiola's side were cruising to victory thanks to two goals from erling haaland and one from ilkay gundogan as they looked set to end a run of five straight defeats in all competitions. but they and the city fans were left stunned as feyenoord scored three goals in the final ia minutes to earn the dutch side a barely believable point at the etihad. it is what it is. difficult to swallow right now. the game was good, we scored three, we could have scored more. we did everything, at the end we gave away the win. but yes, improve, what can we do? it’s
11:46 am
7 Views
IN COLLECTIONS
BBC NewsUploaded by TV Archive on
![](http://athena.archive.org/0.gif?kind=track_js&track_js_case=control&cache_bust=1347601138)