Ryanair slashes aircraft numbers June 17, 2009 Irish budget airline Ryanair will reduce the number of its aircraft at two Irish bases and will likely do so at airports in the United Kingdom as well, chief executive Michael O’Leary said yesterday. O’Leary, who blamed taxes levied on air travel in the two countries for the planned moves, said Ryanair was still planning [...]
Ryanair slashes aircraft numbers June 17, 2009 Irish budget airline Ryanair will reduce the number of its aircraft at two Irish bases and will likely do so at airports in the United Kingdom as well, chief executive Michael O’Leary said yesterday. O’Leary, who blamed taxes levied on air travel in the two countries for the planned moves, said Ryanair was still planning [...]
Quality brands are becoming more popular again June 16, 2009 FOR a while we saw the march of the “value” brands, as the recession helped Aldi and co make advances on their more expensive rivals. The graph shows what actually happened to brand values. We have created two baskets of brands – seven associated with lower-end or “value-for-money’ (Aldi, Morrisons, Primark, Matalan, RyanAir, Walls, Subway), [...]
BAA suffers a traffic slump in downturn June 10, 2009 AIRPORT operator BAA said yesterday its passenger numbers for May had slumped for the 14th month in a row, as 11.8m passengers used its seven airports – down 7.3 per cent from a year ago. Stansted, one of three airports BAA is being forced to sell, was hit hardest, seeing its air traffic slump 18.5 [...]
Michael O’Leary sells off 16.5m of Ryanair stock June 8, 2009 MICHAEL O’Leary, the chief executive of Ryanair, has sold off €18.75m (£16.5m) of stock in the budget airline, it emerged yesterday. O’Leary divested 5m shares, taking his holding in the firm down to just over four per cent, equal to 60m shares. The news comes after Ryanair last week fell to its first full-year loss [...]
BEST OF THE BROKERS June 3, 2009 VODAFONE GROUPCitigroup analysts returned from travelling with Vodafone managers to meet investors and were no less positive on the structural opportunity at the group than before. The broker remains a “buy” on the stock with a target price of 118p, but argues that targets could be increased, perhaps in November. The focus remains on shareholder [...]
BEST OF THE BROKERS June 3, 2009 VODAFONE GROUPCitigroup analysts returned from travelling with Vodafone managers to meet investors and were no less positive on the structural opportunity at the group than before. The broker remains a “buy” on the stock with a target price of 118p, but argues that targets could be increased, perhaps in November. The focus remains on shareholder [...]
British Airways sees a slump in air traffic as downturn hits June 3, 2009 FLAG carrier British Airways (BA) said yesterday its premium passenger numbers for May tumbled 17.2 per cent, as airlines struggle to fill seats during the downturn. BA said its economy passenger numbers were down by only 4.2 per cent. Overall passenger numbers were down 6.5 per cent, suggesting the previous month’s rise may have been [...]
Ryanair falls to first ever annual loss June 2, 2009 BUDGET airline Ryanair reported its first ever annual loss yesterday, blaming high fuel costs and massive writedowns on the value of its stake in Irish rival Aer Lingus. The no-frills airline said its losses for the year to 31 March 2009 were €180.4m (£155m), down from a profit of €481m the previous year. The company [...]
Ryanair falls to first ever annual loss June 2, 2009 BUDGET airline Ryanair reported its first ever annual loss yesterday, blaming high fuel costs and massive writedowns on the value of its stake in Irish rival Aer Lingus. The no-frills airline said its losses for the year to 31 March 2009 were €180.4m (£155m), down from a profit of €481m the previous year. The company [...]