Lufthansa profit warning hurts ‘miserable’ airline stocks June 17, 2019 A Lufthansa profit warning dragged down airline stocks this morning as analysts warned investors are “spooked”. The Frankfurt-listed flyer blamed overcapacity in the market and rival carrier competition for falling ticket prices in Europe. Read more: Flybe boss to quit after airline’s sale to Connect Airways Lowering its earnings margin forecast to between 5.5 per [...]
Wizz Air profits rise as it expects higher fuel costs to push up 2020 earnings May 31, 2019 Wizz Air’s profit margin was squeezed in its latest financial year despite posting record profit today as revenues soared, and predicting more good times to come as rivals fall by the wayside. The figures Wizz Air saw profit grow six per cent year on year to hit €292m (£257.9m) in the 12 months to the [...]
Airline and travel stocks take a hit following Ryanair profit drop May 20, 2019 Airline and travel stocks have taken a tumble following Ryanair's profit slide, which it blamed on Brexit uncertainty and stuff competition in Europe. Holiday firm Tui is the biggest faller on the FTSE 100 today, with its shares down 3.79 per cent at the time of writing. Easyjet shares were down just over two per [...]
Ryanair shares drop as profits suffer 30 per cent hit on falling ticket prices May 20, 2019 Irish budget airline Ryanair said today its full year profit fell 29 per cent year on year to €1.02bn (£890m), blaming a fall in fares and issuing a "cautious" warning on profit for the year to come. Shares fell nearly six per cent to hit €10.16 in early trading. The figures The airline said traffic grew [...]
Budget airlines Ryanair and Wizz Air report soaring passenger numbers in April May 2, 2019 Budget airlines Ryanair and Wizz Air both boosted passenger numbers last month Ryanair Group’s traffic was up 10 per cent to 13.5m passengers compared to April last year while Wizz Air saw passenger numbers rise to 3.28m, an increase of 19 per cent. Read more: Ryanair traffic soars despite challenging results In April Wizz Air [...]
Southend Airport eyes 2.5m passenger target this year amid growth spurt April 29, 2019 London Southend Airport owner Stobart Aviation has set its sights on reaching 2.5m passengers this year and 5m by 2023, in a move that would take it closer to its rival London City Airport (LCA). Southend Airport, which grew nearly 40 per cent last year, said the addition of EasyJet and Ryanair, which started flying from [...]
Ryanair traffic soars despite challenging results April 2, 2019 Ryanair’s traffic grew nine per cent year-on-year last month as passenger numbers hit 10.9m in March. Traffic is nine per cent up over all this year, as the rolling annual total is 132.1m, up from 130.3m in the year to March 2018. Read more: O'Leary hopes to 'reboot' Ryanair reputation by taking a step back [...]
Will Ryanair gain from turbulent O’Leary moving aside? March 20, 2019 Earlier this month, the chief of budget airline Ryanair, Michael O’Leary, announced he would be stepping back from the day-to-day running of the airline. O’Leary identified his reputation as a negative distraction to the airline’s business and that the move would be a chance to “reboot” the company’s public perception after “disappointing” profit announcements. O’Leary [...]
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 [...]