Ryanair share price drops despite raised profit guidance and $400m share buyback February 2, 2015 Ryanair's profits are flying, but the news failed to impress investors. The figures Ryanair has boosted its earnings outlook yet again, with profits expected to reach €840-850m (£630-638m) during the 12 months to 31 March 2015. This is up from the €810-€830m (£610-625m) forecast issued less than two months ago on 4 December. [...]
Leading equity analysts back Wizz Air with a ‘buy’ rating September 3, 2015 LOW-COST carrier Wizz Air received a boost yesterday when both Investec and UBS started coverage of the company with “buy” ratings. “The leading low-cost carrier in Central and Eastern Europe [CEE] is set to outperform peers in terms of passenger and profit growth due to its highly attractive network anchored in a high growth region,” [...]
IAG takeover of Aer Lingus given the green light by European Commission July 14, 2015 International Consolidated Airlines Group's (IAG) takeover of Aer Lingus has been given the final go-ahead by European competition regulators. Read more: Ryanair share price up after approving IAG’s offer for Aer Lingus stake The European Commission has cleared the €1.36bn (£960m) takeover following "commitments offered by the parties". British Airways owner IAG agreed to relinquish five daily slot [...]
FTSE 100 index: Banks get some welcome relief from Visa cash – London Report November 3, 2015 The first trading day of November saw the FTSE 100 close flat as the news that Visa Europe is to be bought by US company Visa helped rally banking stocks. The FTSE 100 ended yesterday’s session flat, up just 0.01 per cent at 6,362 points. However, HSBC, which reported a jump in pre-tax profit to [...]
Lufthansa to cancel 1,000 flights tomorrow as pilots extend strikes September 8, 2015 German airline Lufthansa will cancel 1,000 flights tomorrow, after the pilot strike was extended into a second day and ramped up a notch. Lufthansa said its pilots' union broadened strike action from long-haul flights to medium- and short-haul services, meaning around 140,000 passengers will have to endure cancellations tomorrow. But it said 500 flights will still run, [...]
At the close: FTSE 100 closes flat on first trading day in November November 2, 2015 The first trading day of November saw the FTSE 100 close flat as the news that Visa Europe is to be bought by Visa US helped rally banking stocks. The FTSE 100 ended Monday's session 0.01 per cent up at 6,362 points. However, HSBC, which reported a jump in pre-tax profit to $6.1bn (£3.95bn) for the third quarter, [...]
Ryanair says being nicer has lifted earnings December 4, 2014 IRISH budget airline Ryanair yesterday raised its full-year profit forecast, following a 22 per cent jump in passenger numbers to 6.35m people in the year to November. The airline said it now expected profits to be between €810m and €830m (£636m-£652m), partly due to better customer service. Just last month, Ryanair had raised its profit [...]
EasyJet flight U28435 from London to Basel declares emergency and returns to Gatwick July 27, 2015 An EasyJet flight going from London to Basel in Switzerland declared an emergency as it took off from Gatwick. Flight U28435 released a Squawk 7700, the generic emergency code, as it departed from the south London airport just after 2.30pm. The journey spans a total distance of 425 miles, but the emergency squawk [...]
Lufthansa firm as 1,000 flights stay on tarmac September 9, 2015 LUFTHANSA, the German airliner has cancelled around 1,000 flights today after a pilot strike was extended from long-haul flights to medium- and short-haul flights. Europe’s largest airline operator said that around 140,000 passengers will be affected as some of the medium- and short-haul aircraft fly up to eight times a day. Yesterday’s strike, the 13th [...]
Ryanair’s share price drops as the budget airline locks Michael O’Leary in for five years October 24, 2014 Ryanair chief executive Michael O'Leary might wind up some of his customers, but the board clearly love what he's doing for the budget airline. O'Leary – whose quotes include comparing the BA/Iberia merger to a pair of drunks leaning on each other and once admitted that passengers are “bombarded” with offers the minute they [...]