Michael O’Leary hopes to ‘reboot’ Ryanair reputation by stepping back from airline’s daily running March 8, 2019 Ryanair chief executive, Michael O'Leary, has blamed his reputation for becoming a negative distraction for the airline and claims it is part of the reason he will step back from the company's day-to-day running. "I think one of the negatives of Ryanair is its association with me, I'm an easy person to target," O'Leady told [...]
UK matches EU offer to protect flying rights in event of no-deal Brexit March 7, 2019 The UK government has said it will match the EU's offer to protect flying rights in the event of a no-deal Brexit, allowing planes to take off unhindered after 29 March. The Department for Transport (DfT) said it had "adopted this approach to provide reassurance and minimise disruption — providing a cushion during which future [...]
Budget airlines Ryanair and Wizz Air report soaring passenger numbers in February March 4, 2019 Budget airlines Ryanair and Wizz Air reported boosted traffic year-on-year in February, however both carriers saw passenger numbers drop on the previous month. A total of 9.3m customers flew with Ryanair in February, an increase of 13 per cent from 8.6m the previous year. Read more: Wizz Air profits tumble but airline clings to guidance [...]
Ryanair admits interest in buying Thomas Cook’s airport slots February 14, 2019 Budget airline Ryanair is interested in buying up some airport slots belonging to embattled Thomas Cook's airline unit, it emerged today. Thomas Cook plunged from profit to loss in 2018, leading it to consider selling off its successful airline division. Read more: Thomas Cook considers airline sale as losses hit £60m Ryanair’s chief marketing officer, Kenny Jacobs, was quoted this [...]
Ryanair falls to €20m loss as O’Leary signs new five-year contract February 4, 2019 Budget airline Ryanair today said it suffered a €20m (£17.5m) loss in the third quarter of its financial year, blaming weaker ticket prices. The airline also said that longstanding chief executive Michael O’Leary had signed a five-year contract for the role of group chief executive, as the company moves to a new structure. Read more: Ryanair [...]
Airline stocks enjoy share price bump following positive forecast for 2019 January 21, 2019 Several airline stocks have enjoyed share price bumps today following a positive note on European airlines by Davy Research. Air France-KLM, Norwegian and Thomas Cook were among the airlines that enjoyed spikes in their share price, with the Franco-Dutch carrier enjoying a near 5 per cent rise. Norwegian's share price increased by 3.52 per cent [...]
FTSE 100 index rises on hopes of US – China trade war breakthrough January 18, 2019 The FTSE 100 is up more than one per cent this morning on hopes of a breakthrough in trade talks between the US and China. The index was boosted by hopes of progress in the trade war, which were sparked by news reports suggesting that the US is considering reducing tariffs on Chinese imports. Read more: Markets lift [...]
Ryanair slashes profit guidance by €100m amid falling revenue January 18, 2019 Ryanair today issued a profit warning, saying it was reducing its full-year profit guidance by €100m (£88m) due to a drop in revenue from winter fares. The budget airline said it expects profit after tax of between €1bn and €1.1bn, down from a range of €1.1bn to €1.2bn. Read more: Ryanair profits slide as strikes, cheaper [...]
Consumer group calls on Ryanair to refund passengers hit by name change “glitch” January 14, 2019 Ryanair came under renewed criticism today from a leading consumer rights activist for refusing to refund customers who were allegedly charged fees in error. Hundreds of customers were required to pay a £115 name change surcharge due to a "glitch" on Ryanair's website which caused incorrect surnames to be recorded on passenger bookings, according to [...]
Ryanair named ‘worst short-haul airline’ for sixth year in a row January 5, 2019 Ryanair has been named the UK’s worst short-haul airline for the sixth year in the row. A passenger survey, carried out by Which, put the Irish budget airline at the bottom of 19 carriers flying from the UK. Ryanair achieved a customer score of 40 per cent compared to a 63 per cent score for [...]