BA reports surprise third-quarter profit

The UK flag carrier reports a small quarterly operating profit for the first time in more than a year, impressing analysts with what appears to be the strongest sign yet that the struggling flag carrier is finally heading for recovery

• Lex: British Airways
• Video: How airline improved result

Abu Dhabi fund to take Gatwick stake

ADIA believed to have taken a stake of close to 15 per cent in the airport, which was sold late last year to City Airport owners Global Infrastructure Partners

Union ‘not miles apart’ from BA

The outlines of a settlement in the dispute between British Airways and its cabin crew are emerging in informal talks between the two sides

Regulator warns on poor train service

Passenger service has ‘significant room for improvement’ in many areas, the chairman of the UK rail industry’s regulator has said

Osborne hits out at the Tube’s PPP contract

The shadow chancellor has stepped into the growing controversy over the future of the private contractor working to maintain and upgrade some of the busiest London Underground lines

Panama Canal vows to stick with toll increases

The administrator of the Panama Canal has defended the waterway’s recent programme of toll increases despite complaints that they are aggravating the shipping market crisis

Eurostar rivals eye service to London

European high-speed trains, including Germany’s ICE, could soon be serving London under safety rule changes being considered by the Channel tunnel’s regulator

Russian state airlines to merge with Aeroflot

Vladimir Putin has approved a plan to merge six small aviation companies into its flagship state airline Aeroflot, in an attempt to consolidate the country’s troubled sector