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 [...]
Ryanair’s earnings set to fly lower than expected as weak sterling drags down fares November 6, 2016 Ryanair has suffered some turbulence post-Brexit, predominantly fuelled by the plummeting sterling, and investors are braced for a bumpy landing in its upcoming results. Full-year profits expected to grow five per cent lower than previously guided at seven per cent. The revised guidance, provided a couple of weeks ago, reflected weaker sterling with 26 per [...]
Air France launches low-cost airline in fight to stay “competitive” November 4, 2016 Low-cost airlines are still on the rise. Not only did Frankfurt airport recently open its doors to Ryanair, after holding out as the only major European airport to stick to "legacy" airlines beforehand, now Air France is setting up a low-cost flying unit for long-haul routes. Air France's new boss Jean-Marc Janaillac unveiled the plan, saying [...]