Airline industry looks for assurances from government over Open Skies agreement in wake of Brexit turbulence November 13, 2016 Around 20 representatives from the aviation industry will sit down with the government tomorrow to air their concerns and discuss opportunities post-Brexit vote. In a meeting with the Department for Exiting the European Union (DExEU), they will stress the importance of a deal with Brussels, as many jitters remain as to what a post-EU Britain will look [...]
EasyJet set for low-flying results as sterling slump post-Brexit packs a punch November 13, 2016 Another week, another airline braced for its results to take a hit thanks to the summer slump in sterling. EasyJet's due to unveil its full-year results on Tuesday and investors are expecting a sharp drop in profits after the fall in value of the pound and terrorist attacks at some of its key holiday destinations. The [...]
Flybe profits tumble after share price nosedived to an all-time low this week November 9, 2016 Half-year results for Flybe showed a slump in profits as it feels the effects of a falling pound, but chairman Simon Laffin is doing his best to find the positives. The figures There was a 12.8 per cent rise in group revenue to £383m thanks to higher passenger volumes in Flybe UK and increased revenue in [...]
You can’t come in to our US stores today, says Patagonia, now go out and vote November 8, 2016 A sustainable outdoor clothing retailer today shut the doors of its US outlets, telling customers to prioritise voting over shopping. Patagonia, a company that has banged the drum of environmental causes since it started in 1973, said that it was imperative that Americans got down the polls to vote in the US Presidential election. Voting was [...]
Do you want the “worst job in Ireland”? Ryanair boss Michael O’Leary’s after an assistant November 8, 2016 Renowned for his outspokenness, Ryanair chief executive Michael O'Leary, may not be the easiest boss to work for. Well, so says a job advertisement searching for an assistant to the Ryanair boss. Described as "worst job in Ireland?????", essential attributes include a thick skin, "saint-like" patience and ability to "operate without sleep or contact with [...]
Ryanair boss Michael O’Leary predicts airline fares will fall up to 15 per cent this winter November 8, 2016 Ryanair boss Michael O'Leary has predicted that air fares will fall by as much as 15 per cent over the winter, as airlines compete to win passengers in a slow economy. O'Leary said there would be "extraordinary fare declines" over the year, after reporting results for the first half of the year. The budget airline's [...]
Ryanair is taking the mick out of America on US election day November 8, 2016 Ryanair is taking full advantage of the US election, pushing a series of marketing campaigns taking the mick out of the two Presidential candidates. The airline launched a sale in the US with emails and adverts poking fun at Hillary Clinton and Donald Trump as the country goes to the polls today. Read more: Shareholder group thinks [...]
British Airways is going to squeeze an extra 52 seats onto its Boeing 777 economy flights November 7, 2016 British Airways is adding an extra 52 seats to its Boeing 777s at Gatwick from 2018 as it seeks to stay competitive. It also plans to look into its aircraft at Heathrow following that. BA currently has nine economy seats in each row of its 777 fleet, from 2018 that'll go up to 10 (even though [...]
Ryanair boss Michael O’Leary wants Theresa May to stop “faffing around” in India and focus on Brussels November 7, 2016 Ryanair has just raised its passenger growth forecast but chief executive Michael O'Leary isn't happy. He told the BBC that business was "booming" but the environment was "bearish" post-Brexit. And he was particularly unimpressed with how the government is proceeding, saying it had "no idea" as to how it will actually deliver Brexit. O'Leary said Prime Minister Theresa May [...]
Ryanair reports hike in first half profit in the face of weaker sterling November 7, 2016 Ryanair has reported an increase in profits during the first half of 2016, despite what boss Michael O'Leary described as "difficult market conditions" in the aftermath of Britain's vote to leave the EU in June. The figures Revenue rose two per cent in the three months to 30 September, to €4.13bn (£3.68bn) from €4.04bn. Profit after tax [...]