Air Asia X axes only UK route January 12, 2012 EUROPE’S laws and taxes on airlines were brought into sharp focus yesterday, as routes were scrapped and Ryanair hiked its charges in response to regulations. Low-cost carrier Air Asia X ditched its Gatwick to Kuala Lumpur flight as part of its withdrawal from unprofitable routes over the next year. Its only UK route, which was [...]
SAS braces for annual loss amid tough competition February 8, 2012 SCANDINAVIAN airline SAS has reported a fourth consecutive annual loss in 2011 and said it would accelerate a 5bn Swedish crown (£473.3m) plan to cut costs and boost revenue. The group, half-owned by Sweden, Norway and Denmark, has faced competitive pressure in its home Nordic markets from Norwegian Air Shuttle and Ryanair. A buoyant Norwegian [...]
Grumeti can bounce back from Cheltenham defeat April 11, 2012 AINTREE’S prestigious three-day Grand National meeting gets underway this afternoon and it may be worth finding a TV just after 2pm to watch the remarkable Big Buck’s beat Sir Ken’s (one of the great Champion Hurdlers from the 1950s) unbeaten sequence of 16. Now, Paul Nicholls’ four-time World Hurdle winner is a best-priced 1/4 with [...]
Ryanair profit hit by soaring fuel costs July 25, 2011 Ryanair, Europe’s largest low-cost airline, posted quarterly profits below market expectations due to higher fuel and operating costs. The Irish airline, which operates more than 1,500 flights a day, said it expects average income yields to rise by 12 to 15 per cent in its second quarter ending in September, but warned traffic would fall [...]
Ryanair profit hit by soaring fuel costs July 25, 2011 Ryanair, Europe’s largest low-cost airline, posted quarterly profits below market expectations due to higher fuel and operating costs. The Irish airline, which operates more than 1,500 flights a day, said it expects average income yields to rise by 12 to 15 per cent in its second quarter ending in September, but warned traffic would fall [...]
British Airways owner and Ryanair post increase in passenger traffic August 3, 2011 BRITISH Airways parent company IAG yesterday reported a 3.5 per cent jump in traffic for July. The figure, measured in revenue passenger kilometres, grew to 16.1bn. However, the actual number of passengers decreased 2.7 per cent to 5m. IAG, which was formed by the merger between Spanish carrier Iberia and BA, was boosted by a [...]
Ryanair sees profit dented by the soaring price of fuel July 25, 2011 RYANAIR, Europe’s largest low-cost airline, posted quarterly profits below market expectations due to higher fuel and operating costs yesterday. The Irish airline, which operates more than 1,500 flights a day, said it expects average income yields to rise by 12 to 15 per cent in its second quarter ending in September, but warned that traffic [...]
Ryanair sees profit dented by the soaring price of fuel July 25, 2011 RYANAIR, Europe’s largest low-cost airline, posted quarterly profits below market expectations due to higher fuel and operating costs yesterday. The Irish airline, which operates more than 1,500 flights a day, said it expects average income yields to rise by 12 to 15 per cent in its second quarter ending in September, but warned that traffic [...]
BAA loses Stansted appeal February 1, 2012 AIRPORT operator BAA must sell London Stansted airport, after losing an appeal against an earlier order by the Competition Commission. But BAA has not ruled out appealing further, in the latest twist in a three-year fight between the firm and the Competition Commission over its dominance of the UK airport market. “We are disappointed by [...]
Fund manager launches fight against fees January 31, 2012 ONE of the City’s best-known fund managers has launched a campaign against fees in the investment industry, arguing that customers have been “ripped off” for too long. Alan Miller, who recently founded low-cost fund manager SCM, said investors faced a “minefield of charges” and were being left “seriously out of pocket” when it came to [...]