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 [...]
Ryanair pushes Aer Lingus on EGM November 24, 2011 Irish airline Ryanair said yesterday it will pursue Aer Lingus directors for a breach of company law if the former state carrier refuses again to hold an extraordinary general meeting. Ryanair, Aer Lingus’s largest shareholder with a near 30 per cent stake, said it had the right to request a meeting at which it wanted [...]
British Airways owner expects Olympics to hit premium traffic July 4, 2012 BRITISH Airlines owner IAG reported a six per cent jump in like-for-like passengers numbers for June yesterday. But the firm, which is running an advertising campaign urging Britons to stay in the country during the Olympics, repeated its forecast that the Games will dampen premium traffic figures during the summer. IAG said it carried 5.05m [...]
Focus on more lucrative routes boosts Ryanair November 7, 2011 RYANAIR raised its 2011 profit forecast by 10 per cent yesterday, saying a focus on more lucrative routes was pushing up revenue per passenger and offsetting stubbornly high fuel prices. The budget airline, headed up by outspoken boss Michael O’Leary, said it had seen virtually no impact from the global downturn in consumer confidence, but [...]
WHAT THE OTHER PAPERS SAY THIS MORNING July 4, 2012 FINANCIAL TIMES VW to buy rest of Porsche for €4.46bn Volkswagen has agreed to buy the remaining half of Porsche’s carmaking operations that it does not already own for €4.46bn. The two car groups yesterday finalised plans to speed up the creation of the combined car group. The integration will take effect from 1 August. [...]
Ryanair lifts profit forecast by 10pc November 7, 2011 Ryanair increased its 2011 profit forecast by 10 per cent, saying higher revenues per passenger mile would offset stubbornly high fuel prices. Europe’s largest budget airline, which released first-half results, said it had seen virtually no impact from the downturn in consumer confidence, but warned traffic would fall in the coming months as it grounded [...]
No delays at Stansted as strikes begin May 23, 2012 STANSTED Airport operated as normal yesterday in spite of industrial action by baggage handlers. Members of the Unite and GMB unions working for contractor Swissport staged the first of three planned walkouts yesterday as part of a dispute over work rotas. Unite claims that Swissport’s measures would mean ramp staff work 14 extra days a [...]
Airline traffic growth is knocked off course by Eurozone worries June 7, 2012 IAG, the parent firm of British Airways and Iberia, has been hit by Spain’s economic woes in the last month, undermining the strength in its long-haul London routes. IAG said yesterday that its traffic, measured in revenue passenger kilometres, rose 6.6 per cent last month versus May 2011, while passenger load factor – a measure [...]
Ryanair lays out ambitious growth plans October 23, 2011 RYANAIR is preparing for take off with ambitious growth plans, including almost doubling its passenger numbers over the next decade. Colourful chief executive Michael O’Leary says he is ready to buy up to 300 new aircraft in a bid to fly as many as 130m passengers a year, up from the current 70m, according to [...]
LONDON WEEK AHEAD May 20, 2012 GIVEN property developer British Land’s significant presence in the City, its full-year results will be closely watched this morning for signs of how the Eurozone crisis is hitting the company’s retail lettings. Budget airline Ryanair will also release its full-year results, as will outsourcing group Mitie. The spotlight will turn to the UK high street [...]