Ryanair raises profit forecast February 1, 2010 BUDGET airline Ryanair increased its profit forecast for the year after posting a smaller than expected third-quarter loss. Europe’s biggest low-cost airline said a drop in fuel prices had helped to improve the company’s figures. Ryanair’s loss of €10.9m (£9.5m) in the three months to the end of December compared with a €118.8m net loss [...]
Eurostar sees ash cloud help lift revenues July 22, 2010 ICELAND’S volcano Eyjafjallajokull significantly bolstered Eurostar’s business after the high-speed European train operator carried 100,000 more passengers during the first half of the year pushing revenue up by 18 per cent. Additional passengers looking to avoid air travel during the last six months boosted Eurostar’s revenue to £404m. Eurostar saw passenger numbers climb six per [...]
Four of the best resorts for a wild and wicked break January 3, 2011 BEST FOR CRAZY PEOPLE REVELSTOKE, CANADA WANT to go somewhere genuinely new and yet nonetheless outrageously awesome? Try Revelstoke. Deep in the Canadian Selkirks, this remarkable resort only opened in Winter 2007. It is still, partially, a work in progress, but when it’s complete, it will be North America’s largest ski area, with a colossal [...]
THE TIPSTER July 19, 2010 EXPECTATIONS are high for Ryanair’s first quarter trading update that will be announced today. Its last update in June showed a 280 per cent jump in pre-tax profits for 2009. Back in June it announced that it expects growth to expand by 11 per cent in 2010. The airline is rarely out of the news [...]
THE TIPSTER July 19, 2010 EXPECTATIONS are high for Ryanair’s first quarter trading update that will be announced today. Its last update in June showed a 280 per cent jump in pre-tax profits for 2009. Back in June it announced that it expects growth to expand by 11 per cent in 2010. The airline is rarely out of the news [...]
Ryanair ups annual profit forecast February 1, 2010 BUDGET airline Ryanair increased its profit forecast for the year after posting a smaller than expected third-quarter loss yesterday. Europe’s biggest low-cost airline said a drop in fuel prices had helped to improve the company’s figures. Ryanair’s loss of €10.9m (£9.5m) in the three months to the end of December compared with a €118.8m net [...]
IS RYANAIR ON THE UP AND UP AFTER SLUMP ? February 1, 2010 JOSHUA RAYMOND | CITY INDEX The fact that they have increased their profit forecast at a time when many are remaining cautious for the year has pleased investors. The loss came in narrower than expected also and has boosted investor confidence in a sector that has had a fairly horrible time. GERT ZONNEVELD | PANMURE [...]
Regulators approve BA and Iberia merger July 14, 2010 BRITISH Airways and Spain’s Iberia gained EU regulatory approval for their merger to create the world’s third-largest airline. The carriers hope the merger will enable them to compete better with rivals Lufthansa and Air France as well as low-cost carrier Ryanair. It will also clear the way for a tie-up with American Airlines. The European [...]
Unite strike causes BA traffic to drop July 5, 2010 STRIKE action by Unite, the union representing British Airways (BA) cabin crew, saw passenger traffic measured in revenue passenger kilometers reduced by 11.1 per cent last month. As a result of the nine-day strike period in June, BA on average filled only 77.5 per cent of its planes, while passenger capacity fell 8.6 per cent [...]
EasyJet boosts its traffic in July as it flies more than five million passengers August 5, 2010 LOW-COST airline easyJet, which is in dispute with founder Sir Stelios Haji-Ioannou, said yesterday it flew 7.7 per cent more passengers last month than the previous year. During July, one of the busiest months for air travel, easyJet carried 5.02m passengers, an increase from the same period last year when it flew 4.66m customers. EasyJet [...]