Flybe plunges after it warns on its profits October 5, 2011 REGIONAL airline group Flybe yesterday saw its shares plummet by 36 per cent after it slashed guidance for its 2012 profits, due to a slowdown in demand on domestic flights. In its second profit warning this year, Flybe said revenues in the six months to October were one per cent behind management’s expectations while costs [...]
This tax will not fly: Don’t ground Britain’s growth November 17, 2011 THE chief executives of rival airlines Virgin Atlantic, easyJet, Ryanair and the IAG group – which includes British Airways – do not normally agree to share a platform. That they chose to yesterday morning – outlining their opposition to Air Passenger Duty (APD) – is a sign of how seriously the aviation sector takes this [...]
CITY MOVES | WHO’S SWITCHING JOBS October 2, 2011 Baker & McKenzie Gavin Bushell, formerly of Freshfields Bruckhaus Deringer, has been appointed as a partner in the law firm’s European & Competition Law Practice, based in Brussels. Bushell specialises in EU competition and state aid law, Euratom Treaty law, aviation law and regulation, and litigation before the European Courts in Luxembourg. He was recently [...]
Europe’s airlines hit by turbulence in US October 4, 2011 EUROPEAN airline shares followed US counterparts in a downward spiral yesterday as investors’ confidence in the sector ebbed away. International passenger numbers across airlines dropped in August, a month that traditionally provides a boost with summer holidays in full swing. Air France-KLM was down more than nine per cent as the sector took a hammering [...]
WORLD CUP RUGBY STAR REVEALS AN UNEXPECTED WEAKNESS September 29, 2011 THERE HAS only been one occasion when Jason Leonard, the most-capped England rugby player of all time, has been intimidated on the pitch. That moment came when Leonard met Norman Hadley, a six foot nine Canadian rugby union player with a scar down his cheek that “didn’t come from rugby”. For reasons best known to [...]
Ryanair to put targeted ads on boarding cards February 21, 2011 RYANAIR is teaming up with publisher Ink to create customised ads on home-printed boarding passes, which target fliers based on their travelling routes. The budget’s in-flight magazine publisher, is developing a system that will customise advertising for travellers, according to their route and demographic data. The ads will be printed on Ryanair boarding cards and [...]
Passengers through Heathrow on the up September 12, 2011 A RECORD number of passengers flew from Heathrow airport last month despite the impact of Hurricane Irene, which disrupted flights to the east coast of the US. Heathrow’s owner BAA said 6.6m travellers passed through London’s biggest airport last month, up 0.7 per cent on the previous year. Much of the growth in passenger flights [...]
Aer Lingus upgrades full year outlook August 31, 2011 IRISH airline Aer Lingus saw a surge in second quarter profits but blamed the effects of industrial action by its cabin crew for overall losses in the first half of the year. The airline, which is owned in part by the Irish government and Ryanair, posted an operating loss of almost €28m (£24.6m) in the [...]
RYANAIR VS COMPENSATION LAW January 31, 2011 Q.WHAT RULES ARE RYANAIR CHALLENGING? A.Passengers flying within or into the European Economic Area can claim compensation if their flights are cancelled, and are also entitled to meals, two telephone calls and accommodation while awaiting a later flight. The rights also apply if a long-haul flight is delayed by more than four hours, or less [...]
Ryanair posts quarterly loss due to snow January 31, 2011 RYANAIR blamed its €10m (£8.5m) quarterly loss yesterday on strikes, fuel costs and disruption caused by the weather yesterday, and pledged to take its fight against flight compensation rules to the European courts. The budget airline said it still expects to make a net profit for the year to March towards the top of its [...]