EasyJet and Ryanair soar above turbulence with passenger rise August 6, 2014 Budget airlines easyJet and Ryanair yesterday reported jumps in passenger numbers for July. EasyJet enjoyed a 7.7 per cent growth in passenger number for July compared to the previous year –around 6.5m compared to 5.976. The passenger load factor increased by 1.3 percentage points to 92.2 per cent. The budget airline saw its third quarter [...]
Ryanair’s charm offensive pays off with 152 per cent profit rise July 28, 2014 A strong Easter performance and its new focus on customer service have been highlighted by Ryanair as some of the reasons it enjoyed an 11 per cent rise in revenue and a four per cent rise in passenger numbers in the first quarter. The buoyant results come after a string of less successful announcements, with [...]
Ryanair holidays on the rise but bikinis are out as “cabin crew stunners” calendar paused July 28, 2014 Michael “What part of ‘no refund’ don’t you understand” O’Leary took himself away from the job of airline spokesperson last year, after he announced the company would be replacing its notoriously unhelpful customer service strategy with something of a charm offensive. The secret weapon of said charm offensive was revealed as new chief marketing officer [...]
Ryanair share price rises after full-year profit expectations revised July 28, 2014 There is the cliche of blue skies ahead for Ryanair, after the budget airline raised the upper limit of its profit expectations to €650m from €620m. Shares climbed on the news and were up 4.6 per cent at pixel time. The revision comes, Ryanair said, because of expectations that full-year traffic will rise by 5 [...]
EU slaps Ryanair with fine over French aid money July 23, 2014 Ryanair faces having to repay €9.6m (£7.6m) in French state aid, after the European Commission found the airline had gained “an undue advantage” thanks to the money. The repayments relate to operating at three regional French airports, Angouleme, Nimes and Pau Pyrénées. Ryanair said it had instructed its lawyers to appeal against these rulings.
Ryanair passenger numbers reach new highs July 4, 2014 Passenger numbers for Europe's biggest low-cost carriers continued to soar in June as Ryanair announced record figures today. Ryanair reported that June traffic grew five per cent to 8.3m travellers, compared to 7.9m last year. With that rise, the budget airline has flown a record 82.7m customers in the year to June 2014, up three [...]
Ryanair finance head Howard Millar is second deputy chief to depart this year June 30, 2014 Ryanair’s finance chief Howard Millar is leaving the airline after 23 years, becoming the second deputy chief executive to quit the low-cost carrier in a year. Millar, 53, is leaving in December “to pursue other career activities”, a statement from Ryanair said yesterday. However he is not cutting all ties, as he will become a [...]
Ryanair makes its bond debut by raising €850m for planes June 10, 2014 BUDGET airline Ryanair issued its first ever bonds yesterday, raising €850m (£687m) to help finance its order for 180 new Boeing planes. Ryanair said the seven-year, euro-denominated bonds were eight times oversubscribed and attracted investors from across Europe. The firm, whose shares are listed in London and Ireland, claims its BBB+ debt rating makes it [...]
Ryanair raises hopes after its profits decline May 19, 2014 RELIEVED Ryanair investors yesterday took the budget airline’s shares 10.6 per cent higher after the firm’s first fall in profits for five years was less steep than expected. The Irish airline said net profits fell eight per cent in the year to the end of March to €523m (£426m), slightly above its own prediction of [...]
Slashed fares hit Ryanair profits May 19, 2014 Ryanair’s reported net income of €523m (£426m) for the year ending in March. That’s a eight per cent drop from the €569m it made a year earlier. Fares fell four per cent, as the budget airline reacted to a tougher environment of a weaker pound and higher fuel costs. As a result, it saw its [...]