Rise in traffic gives Christmas cheer to EasyJet January 7, 2014 EASYJET carried 3.6 per cent more passengers than it did a year ago in 2013, helping narrow the gap between the budget carrier and its larger rival Ryanair. The orange-liveried airline booked in 61.3m customers in 2013, it said yesterday. Traffic in December was up 3.5 per cent at 4.5m, giving FTSE 100-listed EasyJet a [...]
Ryanair boss says hand luggage charges “inevitable” and pushes for new runways at existing airports July 31, 2013 Ryanair chief executive Michael O’Leary has said the introduction of charges for hand luggage on planes is “unlikely in the short term but it’s probably inevitable”. Speaking at a news conference in London, the budget airline boss said it’s likely that companies would see the charges as a new revenue stream to be exploited, but [...]
Mick the miner raises $3.75bn for new deals March 31, 2014 THE FORMER boss of mining giant Xstrata is back on the acquisition trial after raising up to $3.75bn (£2.25bn) from five institutional investors. Mick Davis, dubbed Mick the Miner for his successful mining exploits, has raised the money through his X2 Resources company vehicle, which will use the money to invest in various metal and [...]
Ryanair to sell Aer Lingus stake ahead of hotly contested Competition Commission ruling July 23, 2013 Ryanair has offered to sell its stake in Aer Lingus to another EU airline, it announced today. In May, the UK Competition Commission said it was concerned that Ryanair’s 29 per cent stake could reduce competition on routes between the UK and Ireland and would obstruct Aer Lingus’s ability to merge with other airlines to [...]
Festival fever is hitting the City once again March 9, 2014 Patrick Callaghan reports from City AM’s Unibet-sponsored Cheltenham Festival Preview at The Brewery THE CHANNEL 4 triumvirate of Mick Fitzgerald, Tom Lee, and the glamorous Gina Bryce, as well as our racing editor Bill Esdaile, made up the panel at City AM's Cheltenham Festival Preview sponsored by Unibet on Friday afternoon. The jump racing extravaganza [...]
What the other papers say this morning – 15 January 2014 January 14, 2014 FINANCIAL TIMES Cameron shelves migration report David Cameron shelved a government report on EU migration, after Theresa May, home secretary, failed to provide evidence to support her case for imposing tighter curbs on immigrants. May, whose department was responsible for drafting the report, said last month there was “abuse of free movement” and that some [...]
Ryanair profits fall by over 20 per cent in first quarter but still expects to hit targets July 29, 2013 The low-cost airline Ryanair has announced that its post-tax profits fell by 21 per cent in the first quarter to €78m (£67m) (release). Passenger numbers grew by three per cent to 23.2m in the same period with revenue up five per cent to €1,342m (£1158m). Ryanair's CEO, Michael O'Leary, said: As ever, our outlook remains [...]
More Of That usurps duo as Big Buck’s bows out March 13, 2014 JOCKEY Barry Geraghty praised the staying power of More Of That after the Jonjo O’Neill-trained gelding upstaged Annie Power and Big Buck’s in the World Hurdle at Cheltenham yesterday. The feature race of the festival’s third day had been billed as a straight duel between the favourites but ended with Annie Power beaten for the [...]
Brand Index: Allocated seating pays off for mild-mannered McCall November 19, 2013 EASYJET was the one of the big stories in business yesterday, with the budget airline reporting higher profits than arch rival Ryanair for the first time in its history. It saw a 51 per cent rise in yearly pre-tax profits to £478m, and its shares also rose significantly, boosted by the company’s plans to hand [...]
Strikes over air traffic changes cause delays at French airports January 30, 2014 HUNDREDS of flights in France were cancelled yesterday as air traffic control staff across Europe walked out over plans to unite the continent’s air space. The French civil aviation authority asked airlines to axe a fifth of flights into Paris airports yesterday, while passengers in Italy and Portugal also faced disruption. UK services, however, were [...]