Ryanair share price climbs as $10bn deal for 100 Boeing planes nears September 7, 2014 Ryanair isn’t keeping costs low when it comes to buying planes. The budget airline is said to be close to finalising a potential $10bn (£6bn) deal with Boeing for around 100 of its new 737 Max jetliners. Shares closed 0.75 per cent higher on Friday and a significant fleet announcement is due from both companies [...]
EasyJet reports record numbers during August September 4, 2014 BUDGET airline EasyJet yesterday reported it had flown a record number of passengers in August, with 6.6m travellers on its aircraft – 8.4 per cent more than the same month last year. EasyJet’s load factor — how full the company’s planes are — was at more than 94 per cent, another record for the airline [...]
Easyjet passenger numbers rise despite crisis in Ukraine September 4, 2014 Sanctions and conflicts are causing problems for the airline industry – and with some areas off limits, investors were watching to see how EasyJet's latest passenger figures would stand up. Very nicely indeed, it turns out. In a statement posted this morning, the airline said passenger numbers rose 510,731 on the same month last year, [...]
Ryanair’s passenger numbers soar to a record high in August September 3, 2014 OUTSPOKEN Ryanair boss Michael O’Leary stayed resolutely quiet yesterday as the budget airline announced record monthly traffic. Passenger numbers grew four per cent, from 9m in August 2013 to 9.4m in the same month this year, pushing shares in the group 1.57 per cent higher yesterday to close at €7.39. Marketing manager Kenny Jacobs attributed [...]
Ryanair share price rises as passenger numbers soar to a record high September 3, 2014 Outspoken Ryanair boss Michael O'Leary stayed resolutely quiet this morning as the budget airline announced record monthly traffic. Passenger numbers grew four per cent, from 9 million in August 2013 to 9.4 million in the same month this year, pushing shares up 1.35 per cent in early trading. Marketing manager Kenny Jacobs put the rise [...]
Ryanair’s revamp as it aims for business suits August 27, 2014 Budget airline Ryanair is looking to entice companies focused on their bottom line to choose its newly launched business class service, as it aims to become the default option for short-haul corporate travel. Ryanair, Europe’s largest no-frills airline, has attracted controversy in the past with mooted ideas of standing- only flights and charging to use [...]
Ryanair business class targets no-frills corporate travellers August 27, 2014 In its latest attempt to expand its no-frillls image – and boost its bottom line – Ryanair has announced plans to offer a business class service on flights. For the bargain price of £59.99, Ryanair Business Plus will offer corporate travellers flexible ticket changes, 20kg baggage allowance, priority boarding and premium seats. The low-cost carrier [...]
Ryanair boss Michael O’Leary in talks to takeover Cyprus Airways August 21, 2014 The outspoken boss of budget airline Ryanair will begin talks with the Cypriot government about a possible takeover of Cyprus Airways, despite previously claiming he was "not particularly interested" in buying the airline. Ryanair is one of a number of companies interested in the state-controlled, loss-making airline. At a press conference today (August 21), O’Leary [...]
Monarch to cut costs and plane numbers to fight budget rivals August 17, 2014 Monarch Airlines is believed to be considering cutting around 1,000 jobs as part of a major strategic review as it seeks to revive its fortunes in a bid to take on low-cost rivals such as easyJet and Ryanair. Delivering the strategic review is one of the key goals of new chief executive Andrew Swaffield, who [...]
Monarch tunes up for ownership overhaul after strategic review August 10, 2014 Travel company Monarch Group yesterday said it had launched a strategic review of the business which could lead to an overhaul of its ownership structure. The firm behind Monarch Airlines said it was examining fresh financing arrangements at the group to help it compete with low cost budget carriers like EasyJet and Ryanair. The review [...]