Bits: IAG / BA buys Monarch’s Gatwick slots, MyFlights to close, new Amex cashback deals
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News in brief:
BA owner IAG buys Monarch’s Gatwick landing slots
IAG, the parent of British Airways, confirmed last night that it had bought the landing slots at Gatwick Airport previously used by failed airline Monarch.
Whilst many of these will end up with British Airways, it is also possible that we will see LEVEL – the new low-cost long-haul airline – launching from London. The BA strategy appears to be to put Norwegian under enough pressure that it decides to move its aircraft out of the UK for easier pickings elsewhere.
We may also see Vueling and Aer Lingus picking up an extra slot or two.
Monarch reportedly had 155 weekly slot pairs at Gatwick. This gives British Airways substantial scope to grow, but at the same time may give a short-term headache due to the ‘use it or lose it’ rules.
BA will need to rustle up 5-10 aircraft to fly these slots even if they are empty ‘ghost flights’. A more likely option is that IAG will lease slots out to other airlines for a number of seasons whilst it finds suitable aircraft and routes to fill them.
Short term this could be a problem. Unless it can get an exception from Gatwick, BA must operate 80% of the Monarch slots over the Winter season or they will revert to the airport. Would BA really allocate a couple of aircraft to Gatwick which take off and land immediately, with no passengers or cabin crew, 20 times per day, seven days a week?
MyFlights to close
Unfortunately – very unfortunately, as it is my main flight bookings tracker – the MyFlights iOS app and website is to close at the end of the year.
MyFlights is reliant on an agreement with Amadeus, the global flight distribution system, to operate. From January, Amadeus will introduce new security procedures that require approval from the booking agent before a booking can be accessed. Since it is impossible for MyFlights to get such agreements from every airline and travel agent, it has little choice but to close the consumer facing version.
It will continue as a B2B product, marketed to travel agents to offer as a service to their customers, although it will only be able to track bookings made via that specific travel agent.
I have known Chris, who founded MyFlights, for many years and it is a shame to see the product end like this. There is nothing else on the market that can track, in real time, the current status of your flight bookings and update you as soon as there are any changes. It has saved my bacon a few times when British Airways has cancelled flights or changed aircraft types, allowing me to call and make alternative arrangements before my fellow passengers found out what was happening.
Anyone who has paid for the premium version of MyFlights will receive a pro-rata refund at the end of the year.
Three generous new American Express cashback deals
Three cashback offers appeared on my American Express account over the weekend which may come in handy over the Christmas shopping period. These may or may not be available for you – check the ‘Offers’ tab of your online statement page for every card you own.
The most relevant is £5 cashback when you spend £50 at World Duty Free. This deals runs until the end of the year.
For our male readers, Mr Porter is offering £75 cashback on a £250 spend. This is valid until 18th December. Mr Porter has a very broad selection of high-end clothing, footwear and accessories.
Harvey Nichols is offering £30 back on a £100 spend. This runs until 10th December. A £100 in-store gift card purchase should do the trick if you want to conserve your spending for the January sales – I bought a £100 Harrods gift card last week to trigger an identical offer.
The annual American Express ‘Shop Small’ campaign is also back from 2nd December, getting you £5 back on every £10 purchase in participating independent shops (and occasionally bars!). We will cover this later in the week.
Want to earn more points from credit cards? – April 2024 update
If you are looking to apply for a new credit card, here are our top recommendations based on the current sign-up bonuses.
In February 2022, Barclaycard launched two exciting new Barclaycard Avios Mastercard cards with a bonus of up to 25,000 Avios. You can apply here.
You qualify for the bonus on these cards even if you have a British Airways American Express card:
Barclaycard Avios Plus Mastercard
Get 25,000 Avios for signing up and an upgrade voucher at £10,000 Read our full review
Barclaycard Avios Mastercard
5,000 Avios for signing up and an upgrade voucher at £20,000 Read our full review
You can see our full directory of all UK cards which earn airline or hotel points here. Here are the best of the other deals currently available.
British Airways American Express Premium Plus
25,000 Avios and the famous annual 2-4-1 voucher Read our full review
American Express Preferred Rewards Gold
Your best beginner’s card – 20,000 points, FREE for a year & four airport lounge passes Read our full review
The Platinum Card from American Express
40,000 bonus points and a huge range of valuable benefits – for a fee Read our full review
Virgin Atlantic Reward+ Mastercard
18,000 bonus points and 1.5 points for every £1 you spend Read our full review
Earning miles and points from small business cards
If you are a sole trader or run a small company, you may also want to check out these offers:
SPECIAL OFFER: Until 12th May 2024, the Capital on Tap Business Rewards Visa card is offering a bonus of 30,000 points, convertible into 30,000 Avios. You must have a Limited Company to apply. Click here to learn more and click here to apply.
British Airways Accelerating Business American Express
30,000 Avios sign-up bonus – plus annual bonuses of up to 30,000 Avios Read our full review
American Express Business Platinum
40,000 points sign-up bonus and an annual £200 Amex Travel credit Read our full review
American Express Business Gold
20,000 points sign-up bonus and FREE for a year Read our full review
Capital on Tap Business Rewards Visa
Huge 30,000 points bonus until 12th May 2024 Read our full review
For a non-American Express option, we also recommend the Barclaycard Select Cashback card for sole traders and small businesses. It is FREE and you receive 1% cashback on your spending.
Barclaycard Select Cashback Business Credit Card
1% cashback uncapped* on all your business spending (T&C apply) Read our full review
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