Flybe, Europe's largest regional low cost carrier, reported “record financial results” for the year ended March 31.
It said turnover rose by 17% to £335m and pre-tax profits were £15.6m, compared with a loss the previous year.
The improved figures came in the same year the carrier bought and integrated BA Connect.
Jim French, Flybe's chairman and ceo, said: "Since 2002, Flybe has been transformed into Europe's largest regional low cost airline.
"Our five year transformational programme has been rewarded this year by a £20m improvement in profit before tax and exceptional items to £15.64m.”
On BA Connect, Mr French said: “The importance of the acquisition of BA Connect cannot be overstated.
"Flybe is now a much stronger business with good cash reserves, a more balanced network and a significantly reduced risk profile."
SAS suffers drop in earnings after Dash incidents
SAS suffered a drop in earnings after three landing incidences forced it to ground it entire Dash Q400 fleet.
Results for the third quarter to September show a drop in earnings from continuing operations to SEK472m (€51m) compared with SEK540m (€58m) in 2006.
The airline also said its pre-tax income on continuing operations fell from SEK785m (€85m) in 2006 to SEK536m (€58m) this year.
Mats Jansson, SAS's ceo, said the direct effect on earning for the full year of the grounding of the 27 aircraft – about 5% of its capacity – would be SEK600-700m (€65-75m).
But he said despite the problems, SAS had carried a record number of passengers in the quarter and 41m in the past 12 months.
Eurostar completes move to St Pancras
Eurostar, the high speed train service between London and the continent, completed its move from Waterloo International to its new headquarters at St. Pancras in North London.
The switch and the opening of the final stretch of high speed track has cut train times by 20 minutes from London to Brussels (I hr 51 minutes) and Paris (2hrs 15 minutes).
UK baggage restrictions to be eased
The "one hand bag only" restriction at UK airports may be eased next year.
Prime Minister Gordon Brown said that from January 7 next year, airports would be able to apply to the government for permission to allow passengers to take more than one piece of hand luggage onto flights.
But other restrictions, including the size of containers for liquids, will remain.
UK hotel market still growing
The UK hotel market continued to grow in the last quarter despite “softening “economic conditions, a HotelBenchmark Survey by Deloitte said.
Revenue per available room (revPAR) rose by 6.8% in the year to the end of September with five cities posting double digit growth.
In London average room rates rose by 9.9% while occupancy was 82.7%.
The average hotel room in the capital now costs Â£126 a night, compared with Â£114 in 2006 with revPAR up 10.4%.
In Scotland, Aberdeen and Glasgow had revPAR increases of, respectively, 18.6% and 13.1%.
Marvin Rust, hospitality managing partner at Deloitte said: "Fears of a slow down following this summer's global financial crisis have not yet materialised in the UK hotel market.
"Whilst growth has slowed slightly from the 8.3% seen during the first six months of this year, we remain positive about the outlook for hotel performance.
"For the hotel industry, demand is driven by both the business and consumer markets. Most companies continue to generate profits and corporate bookings remain strong and consumer spending has not yet declined as unemployment levels remain low."
ITP and Hotelzon to co-operate
International Travel Partnership (ITP), a global TMCs' network, and Hotelzon International, a leading European provider of hotel booking technology, have signed a agreement to work together.
The deal will give ITP partners and Hotelzon clients' online access to all hotels contracted by ITP to its preferred corporate rate programme.
As part of the deal, hotels in the ITP selected programme will get sales priority while clients will get full information on location, rating and all services and facilities.