And now the airline is reportedly considering scaling back its new flights and selling bundled air and train tickets.

ECONOMIST: Business travel

Douglas Barrie, of the International Institute for Strategic Studies, reckons that the air force will shrink dramatically, losing perhaps 200 jets through the early retirement of Tornadoes and Harriers and a scaling back of the plan for a 160-strong Typhoon fleet.

ECONOMIST: The future of British defence