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 [...]
Regus is moving its HQ out of the EU from Luxembourg to Switzerland November 3, 2016 Workplace provider Regus is on the move: it's setting up a new holding company outside the EU. The new firm in Switzerland is called International Workplace Group (IWG), as the firm looks to provide a range of "flexible work solutions" across a range of brands. The company will still use the Regus brand extensively, saying it had [...]
Ryanair sticks to post-Brexit plans of non-UK expansion: It’s now flying from Frankfurt November 2, 2016 Ryanair's branching out (but not in the UK). The no-frills airline is spreading its wings and opening a base at Frankfurt airport. That makes it the first of the low fare airlines to open a base at Germany's biggest airport as the rise of the budget carriers continues. Michael O'Leary, Ryanair's chief executive, has said the [...]
Heathrow expansion gets the green light – the airlines react October 25, 2016 The government has given the green light to Heathrow's plans for a third runway, after several delays and months of wrangling between the airport and its rivals. Transport secretary Chris Grayling said today that a new runway at Heathrow "will improve connectivity in the UK itself and crucially boost our connections with the rest of the [...]
Ryanair warns sterling decline will hit full year profits October 18, 2016 Shares in budget airline Ryanair dipped today after it warned its full year profits are likely to be hit by the recent declines in sterling following June's Brexit vote. The pound plunged to record lows in the wake of the EU referendum result, and has struggled to recoup its losses since. The carrier reduced its full year [...]
Meet the woman who wants to make the private jet market greener October 17, 2016 From bouts of turbulence to nightmare passengers, air stewardesses have to cope with their fair share of challenges on a daily basis. “You learn to keep a smile on your face,” says Gabriella Somerville as we climb to 12,000 feet above the capital. The founder of private aviation firm ConnectJets – which manages private jet [...]
Beyond Heathrow versus Gatwick: The government should set airports free to compete for future growth October 12, 2016 The question of where to build a new runway in the South East has been stuck in the hangar for decades. But the lack of progress has not been for want of trying. Far from it. In fact, for all the time that’s been devoted to this issue over the last 40 years, we should have [...]
Norwegian’s flying with 14 per cent passenger growth for September October 6, 2016 Low cost airline Norwegian carried nearly 2.8m passengers in September – an increase of 14 per cent on the same month last year. A total of 2,778,806 passengers flew with the airline last month, while total traffic growth increased by 21 per cent and capacity growth was up 19 per cent. Norwegian CEO Bjørn Kjos [...]
EasyJet shares drop after company posts lower profit guidance October 6, 2016 EasyJet said today it expects profits to fall this year due to significant foreign exchange movements and a testing trading environment. The company's share price fell 6.8 per cent at the open. Profit before tax is expected to be in the range of £490m to to £495m, down from £686m in 2015 – a possible drop [...]