Ryanair flies just 500,000 people in February as travel restrictions continue March 2, 2021 Irish carrier Ryanair flew just 500,000 people in February as widespread coronavirus restrictions all but ended air travel. In the same month last year the airline carried 10.5m passengers, but over the last 12 months the pandemic has totally reshaped the aviation industry. Since last March, when the pandemic hit Europe, the airline has flown [...]
Easy does it for travel and leisure as they underpin the FTSE 100 today February 23, 2021 After a promising start European markets struggled to maintain their early market optimism today. However, some decent gains continue in the likes of travel and leisure stocks, with multi-month highs in a lot of cases. Over the last three days this renewed buoyancy has been evident in anticipation of a possible reopening, and with a [...]
Ryanair to appeal court decision to allow state aid for Air France and SAS February 17, 2021 Ryanair this morning said that it would appeal after an EU court dismissed its challenge over state aid given to rivals Air France and SAS. Luxembourg’s General Court, the EU’s second highest legal body, backed the European Commission’s decision to grant discriminatory aid to the virus-hit carriers. In its judgement, which was laid out earlier [...]
Ryanair ‘jab & go’ ads deemed ‘misleading’ by watchdog February 3, 2021 The advertising watchdog has banned Ryanair from airing its controversial “jab & go” advert, in ruling published today. The Advertising Standards Agency (ASA) said it had received 2,370 complaints over the advert – the third most for any single ad. ASA said that the campaign, which encouraged people to book flights with Ryanair after getting [...]
Ryanair on track for record loss after €306m third quarter hit February 1, 2021 Ryanair this morning plunged to a €306m (£222.6m) loss as the Irish carrier continued to suffer “the most challenging year in its history”. The Irish carrier said that passenger numbers were down almost 80 per cent to just 8m people over the three month period. As a result, it said it was reducing its full [...]
The week ahead, 1-5 February: FTSE heavyweights front up to third lockdown January 31, 2021 After a turbulent opening to 2021, with new Covid-19 lockdowns around the world, spats over “vaccine nationalism”, and chaos on both Wall Street and Pennsylvania Avenue, a slew of FTSE heavyweights are set to update the market in what will be a crunch week for London’s indices. Despite a strong opening week, the FTSE 100 [...]
Ryanair blocks UK investors from buying shares in Brexit move December 29, 2020 Ryanair today confirmed it will block British investors from buying shares after the UK leaves the EU on 1 January. The budget airline said UK nationals will no longer be allowed to purchase ordinary shares — a rule that already applies to all non-EU nationals. While existing shareholders will not be forced to sell their [...]
Ryanair and Wizz Air passenger numbers plunge 80 per cent amid lockdown December 2, 2020 Ryanair and Wizz Air both said that passenger numbers had dropped over 80 per cent in November, with international leisure travel banned under the UK’s second national lockdown. The Irish carrier said that it flew just 2m passengers last month, down from nearly 11m for the same month in 2019. For the year to date, [...]
Ryanair back at 80 per cent passenger capacity by summer, O’Leary predicts November 10, 2020 Ryanair boss Michael O’Leary today said that he expected the airline’s passenger numbers to return to 75 per cent to 80 per cent of pre-pandemic levels next summer. Speaking to a travel conference this morning, the Irish businessman said that he expected to see a surge in tourism as soon as travel restrictions are lifted. [...]
Winners and losers: Stocks soaring AND plummeting as Pfizer reports Covid-19 vaccine breakthrough November 9, 2020 US pharma giant Pfizer reporting today that early studies of its Covid-19 vaccine are 90 per cent effective has sent markets into a frenzy, with travel and hospitality stocks shooting up while food delivery services and video conferencing software providers plummeted. Jet engine maker Rolls-Royce saw the biggest change on the FTSE 100, surging 43 [...]