Italy slaps fines on airlines over travel insurance February 17, 2014 RYANAIR and EasyJet have been fined more than €1m for not being clear enough about the travel insurance they sell to Italian customers alongside flight bookings. Italy’s competition authority has imposed an €850,000 (£697,000) penalty on Ryanair and a €200,000 fine for EasyJet for “unfair commercial practices”. The low-cost airlines failed to tell customers about [...]
Italy slaps fines on Ryanair and EasyJet for unfair insurance practices February 17, 2014 Budget airline Ryanair has been fined €850,000 (£694,000) by Italy’s antitrust authority for lack of transparency when it comes to their optional insurance offerings. EasyJet was also fined €200,000 for the same thing. The authority said today that Ryanair has been given 30 days to respond on how it intends to make its optional flight [...]
Easyjet and Ryanair lifted by rain February 6, 2014 Budget airlines Easyjet and Ryanair both saw a surge in passengers last month as Britons rushed to escape to sunnier climes. At Easyjet, passengers rose 3.7 per cent compared to January last year, while rival Ryanair’s rose five per cent. Easyjet’s load factor, a measure of how full its planes are, also rose, climbing by [...]
The nice side of Ryanair begins to boost traffic February 3, 2014 RYANAIR said its customer services revamp was already impressing passengers, pushing its shares higher yesterday despite a pre-tax loss of €35m (£29m) in the final three months of 2013. The low-cost carrier cut its average fare by nine per cent in the quarter to try and shore up its sales. Demand has now “stopped falling, [...]
Slashing prices hit Ryanair hard February 3, 2014 Europe's largest budget airline Ryanair has suffered a worse than expected loss for the third quarter to 31 December. The low-cost airline has posted a loss of €35m (£28.7m), against analysts estimates of €32m. The results are a far cry from the €18.1m of profit seen a year earlier. But beyond the headline figure there [...]
London Report: Survey figures forecast to show more UK growth February 2, 2014 MANUFACTURING data, due out today, is the first of the UK survey figures that will be the highlights of this week’s economic calendar. Construction figures will follow tomorrow and services data on Wednesday, with all sectors expected to show further growth. Industrial production data is due on Friday. Martin Beck of Capital Economics said: “On [...]
City & Gild: As the economy improves, a new battle between value and volume emerges January 31, 2014 What should the consumer make of the recent spat between Adidas and Sports Direct, and how will the unfolding saga affect each brand? At the end of last year, the German sportswear giant refused to supply the retail chain with Chelsea latest replica kit. From my perspective, there will no doubt be some turbulence in [...]
Strikes over air traffic changes cause delays at French airports January 30, 2014 HUNDREDS of flights in France were cancelled yesterday as air traffic control staff across Europe walked out over plans to unite the continent’s air space. The French civil aviation authority asked airlines to axe a fifth of flights into Paris airports yesterday, while passengers in Italy and Portugal also faced disruption. UK services, however, were [...]
Brand Index: Ryanair’s charm offensive starting to win round flyers January 21, 2014 THIS year, Ryanair is changing. At least that’s what the budget airline’s boss, Michael O’Leary, claims in a new TV advert, which is part of multi-pronged marketing effort to convince consumers that it is turning over a new leaf. To get out the message that it is now a kinder, gentler company, it has appointed [...]
Ryanair considers issuing bonds to fund the renewal of its fleet January 20, 2014 IRISH airline Ryanair is considering tapping bond markets directly for the first time, it emerged yesterday. Europe’s largest airline by passenger numbers has issued bonds backed by ExIm bank previously, but is in the process of seeking a rating to gain direct access to the debt markets. “We are putting ourselves in a position to allow [...]