Ryanair lifts profit target for the year January 30, 2012 RYANAIR yesterday raised its annual profit forecast, after a decision to ground 80 planes over winter paid off. The budget airline said its traffic fell two per cent to 16.7m in the last three months of 2011, but higher revenues per passenger lifted turnover 13 per cent to €844m (£706m). Ryanair’s quarterly after-tax profit of [...]
ANALYST VIEWS: HOW WERE RYANAIR’S RESULTS? January 30, 2012 GERT ZONNEVELD | PANMURE GORDON Numbers came in ahead of expectations. Over the medium term the anticipated capacity growth deceleration should drive further profit growth and strong cash generation. We retain our Buy recommendation. JONATHAN JACKSON | KILLIK Passenger numbers were down two per cent to 16.7m, offset by a 17 per cent increase in [...]
Stansted considered a prize asset now it is finally being sold August 20, 2012 THERE are more than a handful of less than busy investment bankers celebrating the decision yesterday by Spanish group Ferrovial that it will sell Stansted Airport. The group is finally doing so after three years of wrangling with the competition authorities. The Spaniards have been trying long and hard to avoid a sale, even threatening [...]
Airlines agree to axe confusing card fees after watchdog probe July 5, 2012 AIRLINES are to ditch hidden debit card fees next month following an investigation by the Office of Fair Trading (OFT). Twelve companies including Ryanair and Thomas Cook have pledged to declare any extra debit card charges in the headline price of a ticket, abolishing the practice of imposing surprise fees at the end of online [...]
EasyJet and Aer Lingus enjoy rise in low-cost air customers July 5, 2012 EASYJET carried almost a tenth more passengers in June compared to a year ago, figures out yesterday showed. The low-cost airline said it took 5.43m passengers last month, up 9.7 per cent on June 2011, while its load factor, a measure of how full its flights are, jumped 1.6 percentage points to 89.9 per cent. [...]
BAA loses another appeal in its fight to keep Stansted Airport July 26, 2012 BAA has pledged to fight on in its attempts to keep Stansted Airport, despite losing a Court of Appeal hearing yesterday. Judges yesterday upheld the Competition Commission’s 2009 ruling that BAA exerted a dominant hold on airports in Scotland and south east England. BAA, which also owns Heathrow, sold off Edinburgh Airport in April but [...]
WHAT THE OTHER PAPERS SAY THIS MORNING July 16, 2012 FINANCIAL TIMES Greece cuts executive rewards Greece’s coalition government has stripped the executives of loss-making state electricity producer of a monthly €3,500 allowance paid on top of their salaries, in a move signalling their intention to cut wasteful public sector spending. Delancey bids to use park media centre as a data store Delancey, the property [...]
Puglia takes on the family challenge September 9, 2012 IT’S ONE of those dilemmas that make you bone-deep thankful to be born in the twenty-first century, austerity notwithstanding. Two hundred years ago my ancestors faced problems like: “Will I be transported to a hellish penal colony if I steal that pie to feed my children?”. One hundred years ago: “Those Germans are looking feisty, [...]
Ryanair traffic dips after fuel cost grounds planes January 5, 2012 RYANAIR suffered a five per cent drop in passenger numbers in December compared to last year, after it grounded up to 80 aircraft to offset higher fuel costs. But the low-cost carrier’s annual traffic has risen 5.1 per cent to 76.4m in spite of the bigger-than-usual stoppages. Ryanair’s load factor, a measure of how many [...]
Prices soar for basic services on board the no-frills Ryanair December 11, 2011 FAMILIES are most likely to be affected by Ryanair’s hiked prices next year as the Irish airline prepares to increase charges for many of its passenger services as of 15 December. Under the new rules, a 15kg bag checked in at the airport, without being pre-booked, will cost the customer £100 in peak season (June [...]