Low cost airlines Aer Lingus and EasyJet deliver passenger gains November 6, 2012 LOW COST carriers EasyJet and Aer Lingus posted passenger growth for October yesterday, though both showed signs of slowing momentum. EasyJet said passenger traffic rose 6.2 per cent to 5.25m in October, but this growth is lower than the seven per cent increase seen over the past year. The carrier’s load factor, a measure of [...]
Ryanair hit by setback in claim over payout March 22, 2012 BUDGET airline Ryanair yesterday lost the latest round in its legal battle to avoid paying for hotels, meals and drinks for passengers disrupted by delayed flights during the Icelandic volcano eruption in 2010. The European Court of Justice (ECJ) published an opinion indicating that airlines were not exempt from regulations requiring them to pay for [...]
Ryanair hit by setback in claim over payout March 22, 2012 BUDGET airline Ryanair yesterday lost the latest round in its legal battle to avoid paying for hotels, meals and drinks for passengers disrupted by delayed flights during the Icelandic volcano eruption in 2010. The European Court of Justice (ECJ) published an opinion indicating that airlines were not exempt from regulations requiring them to pay for [...]
Etihad eyes up Aer Lingus bid August 16, 2012 ETIHAD is keen to buy Ryanair’s 30 per cent stake in Irish carrier Aer Lingus, the firm’s boss James Hogan said yesterday. The Gulf carrier, which already owns three per cent of Aer Lingus, would be “very happy to have that discussion”, he told Bloomberg, adding that Etihad has also been in talks about snapping [...]
Rapid responses November 5, 2012 Green shoots I took it as a sure sign that we were in the grip of a severe bear market when your regular Monday feature “Bill of the Week” was quietly canned. So it was with interest that I saw a “green shoot” in yesterday’s edition, with the Capitalist reporting on a thundering bill chalked [...]
What the other papers say this morning August 27, 2012 FINANCIAL TIMES Ryanair seeks rivals’ help in bid Ryanair is seeking regulatory approval for its proposed takeover of Aer Lingus by asking at least six airlines to operate alternative services on some of the Irish flag carrier’s routes. Ryanair has approached competitors, asking them to consider providing competition on routes to and from Dublin. Aviva [...]
How to manage your risk by using a pairs strategy November 19, 2012 MARKETS are fraught with uncertainty: the fiscal cliff, conflict in the Middle East, the Eurozone crisis, and slowing growth in China are just some of the problems that could potentially derail equity markets. Therefore, traders must use risk management techniques to mitigate their risk exposure. But if investors suddenly sought safety by moving their money [...]
Ryanair lifts profit forecast January 30, 2012 Ryanair has raised its profit forecast, saying higher ticket prices were more than making up for expensive fuel and reduced capacity, underlining the resilience of its low-cost sector as legacy carriers struggle. The Irish low cost carrier, Europe’s largest, increased its full year profit forecast by nine per cent to £480m euros (£403m) after posting [...]
easyJet to switch to allocated seating September 5, 2012 Budget carrier easyJet said today it would roll out allocated seating across its network from November following a successful trial this summer. Europe’s second-largest low-cost carrier after Ryanair had tested the new system across five per cent of its network during the peak season with 70 per cent of passengers preferring it to easyJet’s current [...]
Airlines ask for stats to back up calls to axe passenger tax August 19, 2012 AIRLINES have stepped up pressure on the government to scrap a lucrative tax on plane passengers, by commissioning an independent report on the cost of the levy to the UK economy. Virgin, IAG, easyJet and Ryanair have asked consultancy PwC to produce an objective report on the impact of air passenger duty (APD), which is [...]