Core Insights - The most delayed airline in 2025 is Ryanair, which shares the top spot with easyJet and Air France, each having 29% of their flights delayed [3][12]. Flight Data Overview - In 2025, Flighty users took over 22 million flights, resulting in a total of 78 million flying hours [2]. - Passengers lost approximately 3.9 million hours due to delays in 2025 [2]. Delay Rankings - Frontier Airlines ranked fourth with 28% of its flights delayed, making it the worst airline for delays in the United States [3][15]. - Lufthansa and Qantas tied for fifth place, each with 26% of flights delayed [3][15]. - KLM Royal Dutch, Air Canada, JetBlue Airways, and Southwest Airlines tied for tenth place, each with 25% of flights delayed [4][15]. Lost Time Metrics - Flighty introduced a "lost time" measure, indicating the time between a plane's scheduled arrival and when passengers exit the aircraft, affected by factors like runway congestion and taxi times [4][15]. - In 2025, about 30% of flights tracked were extended after landing, impacting around six million flights and resulting in an additional 1.4 million hours of waiting time [5][15]. - On average, passengers experienced an extra wait of 14 minutes per flight to reach the gate [5][15]. Upcoming Travel Disruptions - Major delays are anticipated during the festive travel period, with estimates suggesting one in three passengers may face flight delays [6][8]. - Strikes by airport workers, particularly at London Luton Airport, are expected to disrupt flight schedules [8][9]. - National Rail has confirmed planned engineering works during the festive season, which may also affect train passengers [10][15].

Core Insights - Arriva Group is enhancing its UK rail portfolio by acquiring Leeds-based RTS Infrastructure, marking its entry into the UK rail infrastructure construction sector [1][5] - The acquisition includes a lease for a rail maintenance facility near Leeds Station, which will be integrated into Arriva's national depot network to increase overnight servicing capacity for rail vehicles [2] - RTS Infrastructure provides rail depot services and infrastructure projects, holding a Network Rail Principal Contractor Licence, which will allow Arriva to expand its service offerings [3] Company Strategy - The acquisition is part of Arriva's strategy to broaden service provision and diversify revenue streams within its UK Trains division [5] - Arriva's European growth strategy includes investments in fleet, infrastructure, and digital technologies [6] - The managing director of Arriva Rail Services emphasized that RTS Infrastructure will enhance the UK rail business by expanding depot footprint and providing new design and construction service opportunities [6] Operational Impact - All roles for RTS Infrastructure employees and customer contracts will remain unchanged following the acquisition [5] - RTS Infrastructure has a strong order book and a skilled team, which will help Arriva better serve both new and existing clients [6] - The acquisition aligns with Arriva's recent €300 million ($349.3 million) contract with Škoda for electric multiple units in Czechia, reinforcing its commitment to sustainable passenger transport [6]

Investment Rating - The report indicates a muted investment activity in the office market, with prime office yields remaining stable at 6.50% across the UK cities [6][18]. Core Insights - The leasing market remains resilient, with occupier activity reaching 1.4 million sq ft in Q1 2025, reflecting a 27% increase compared to the same period in 2024 [9][10]. - Larger requirements are driving occupier demand, with three leasing transactions exceeding 100,000 sq ft, the highest since Q4 2020 [11][12]. - The technology, media, and telecommunications (TMT) sector accounted for 20% of space leased, representing the highest proportion of occupier demand [13]. - A 'fight for quality' is evident, with 52% of total space leased being new and grade A, and a vacancy rate of just 3.0% for this segment [14]. - Investment volumes fell significantly, reaching £151.8 million, a 71% decline quarter-on-quarter and 38% below the 5-year Q1 average [15][16]. - The absence of high-value sales is noted, with 95% of transactions below £20 million, indicating limited liquidity at the upper end of the market [17]. - Prime pricing has stabilized, with yields remaining at 6.50%, reflecting a 25 basis points compression year-on-year [18][19]. Summary by Sections Aberdeen - Occupier take-up increased by 94% year-on-year to 61,942 sq ft, although 16% below the 5-year average [26]. - Grade A availability fell by 6% quarter-on-quarter to 122,134 sq ft, reflecting a 32% decline over the past year [26]. - Investment activity reached £7.7 million, 37% below the 5-year average [26]. Birmingham - Occupier take-up totaled 75,522 sq ft, a 45% fall quarter-on-quarter and 60% below the 10-year average [34]. - New and grade A space accounted for 81% of leasing activity [34]. - Investment activity reached £27.1 million, 40% less than the previous quarter [34]. Bristol - Occupier take-up was 92,995 sq ft, reflecting an 8% fall from the previous quarter [42]. - Grade A availability stood at 304,347 sq ft, stable quarter-on-quarter but 142% above the 5-year average [42]. - Investment activity totaled £35.8 million, 52% below the 10-year average [42]. Cardiff - Take-up reached 94,068 sq ft, 5% above the 5-year average [50]. - Grade A availability dipped to 291,760 sq ft, a 7% fall from the previous quarter [50]. - Investment activity reached £24.6 million, 77% above the equivalent period in 2024 [50]. Edinburgh - Leasing volumes reached 99,373 sq ft, 12% above the 5-year Q1 average [58]. - Grade A availability increased to 700,435 sq ft, 19% above the equivalent point in 2024 [58]. - Investment activity was £3.3 million, following the sale of 48-50 Melville Street [58]. Glasgow - Occupier take-up totaled 158,567 sq ft, 79% above the equivalent period in 2024 [66]. - The total market vacancy rate stood at 9.3%, down from 10.3% a year earlier [64]. - No office investment transactions occurred in Q1 2025 [66]. Leeds - Take-up reached 241,282 sq ft, a 53% increase quarter-on-quarter [73]. - Grade A availability fell to 140,362 sq ft, 48% below the 5-year average [73]. - Investment activity was £16 million, solely from the sale of the Mint Building [73]. Manchester - Leasing activity totaled 319,995 sq ft, a 14% increase from the previous quarter [81]. - Grade A availability fell by 9% quarter-on-quarter to 549,245 sq ft [81]. - Investment activity was £13.6 million, reflecting a 66% year-on-year fall [81]. Newcastle - Occupier take-up rose to 257,476 sq ft, 292% above the 10-year quarterly average [88]. - Grade A availability stood at 221,528 sq ft, a 17% fall compared to the previous quarter [86]. - Prime rents remained stable at £32.00 per sq ft, with a 31% increase since the pandemic [88]. Sheffield - Take-up reached 39,992 sq ft, 51% below the previous quarter [95]. - Grade A availability rose to 307,300 sq ft, 121% above the 5-year average [95]. - Investment activity reached £23.8 million, 76% above the 10-year quarterly average [96].