Wizz Air: Why airline faces lengthy spell of turbulence Transport and infrastructure Wizz Air is facing some turbulence. Despite enjoying its busiest ever year of passenger traffic in 2024, the Hungarian budget carrier can’t seem to turnaround an ailing share price. The stock is down more than 40 per cent over the last 12 months and fell a further three per cent on Monday after analysts at [...]
Wizz Air boss likely to miss out on £100m bonus as shares struggle Transport and infrastructure The recent performance of Wizz Air’s share price suggests the company’s boss is set to miss out on a £100m bonus payout. The controversial bonus for CEO Jozsef Varadi was approved by shareholders in 2021. Under the terms of the agreement – the biggest bonus award in the history of the London Stock Exchange – [...]
Ryanair: ‘Boeing delays have forced us’ to slash passenger forecasts Transport and infrastructure Ryanair has slashed its traffic forecasts as a result of ongoing delivery delays from the embattled US planemaker, Boeing. The budget airline said it no longer expects Boeing to deliver sufficient aircraft to meet a 2026 target of 210m passengers. “Boeing delays have forced us to revise our full-year traffic target to 206m, just three [...]
Easyjet reaffirms guidance as losses narrow significantly January 22, 2025 Easyjet has reaffirmed full-year profit guidance after quarterly losses more than halved and booking momentum continued to build ahead of the busier easter and summer months. The budget airline expects to report a headline pre-tax profit of £709m in 2025, up from a prior year haul of £610m and in line with consensus. It said [...]
British airline pilots body win landmark appeal against Ryanair January 17, 2025 The British Airline Pilots Association has achieved a win in the Court of Appeal today over over illegal blacklisting practices at Ryanair
Ryanair’s airport booze ban is a bootleggers and baptists problem January 14, 2025 Ryanair has reiterated calls for a two-drink limit in airport bars. Like the prohibition-era bootleggers who lobbied for Sunday closing laws, they’re just trying to increase their own sales, says Christopher Snowdon The budget airline Ryanair has called for a two-drink limit in airport bars to create “a safer travel experience for passengers and crews”. [...]
Ryanair tells passenger who caused diversion to pay £5,800 for everyone’s hotels January 13, 2025 Ryanair wants a “disruptive” flyer who caused a flight diversion to pay €7,000 (£5,886) for its crew and passengers’ replacement accommodation, amid a developing spat over alcohol consumption at European airports. The low-cost giant is suing the customer after being forced to divert a Dublin-Lanzarote flight to Porto in April last year. The individual was [...]
Ryanair targets clamp down on ‘disruptive passengers’ with legal action January 8, 2025 Low-cost airline Ryanair has issued legal action against "disruptive passengers" in a move to clamp down on misconduct on its flights
On the Beach brings back dividend after package holiday boost December 3, 2024 On the Beach chief Shaun Morton said the performance was "driven by a combination of initiatives," including the firm's tie-up with Ryanair.
Easyjet more than doubles dividend as profit jumps November 27, 2024 Budget airline Easyjet reported a 34 per cent rise in pre-tax profit to £610m, in the twelve months to October.