Europe fare war dents Ryanair’s profit forecasts September 4, 2013 AIRLINE shares took a nosedive yesterday after Ryanair, the biggest carrier in Europe, warned that it might miss profit targets for the year. The budget airline said a brewing price war in the UK and several other countries had dented its yields in recent weeks, as rivals try to tempt hard-up Europeans into taking more [...]
Analyst Views: Are you as disappointed as the market in Ryanair? September 4, 2013 STEPHEN FURLONG DAVY “Putting today’s announcement into perspective, the airline is still in line for a record second quarter and full year…. We continue to see Ryanair as one of the industry-leading players with a renewed growth story, higher and rising returns over the medium term and material free-cash generation. DONAL O’NEILL GOODBODY “This [...]
London Report: Blue chips end higher despite airline plunge September 4, 2013 THE FTSE top 100 steadied yesterday, paring early losses after a stronger open in the United States but dogged by an airline sector weakened by a profit warning from budget carrier Ryanair. The FTSE 100, which had been 0.6 per cent lower at midday, retraced its losses entirely in the first hour of trading on [...]
Before the open – 04/09 September 4, 2013 London's leading index, the FTSE 100, is expected to open flat this morning. #FTSE called flat to slightly up ahead of open, stocks to watch include Ryanair, Ashtead Group & Hargreaves Landsown. — Sales Traders CMC UK (@SalesTradersCMC) September 4, 2013 European services data is expected to show that sector order books have returned to [...]
Ryanair issues profit warning as weakness in Autumn season appears September 4, 2013 Budget airline Ryanair has issued a profit warning, announcing that it expects full year results to show profit at the lower end of the expected range of €570m to €600m (£482m to £508m). Full year traffic is also expected to come in lower at 81 million from 81.5 million previous. CEO Michael O'Leary said that [...]
Ryanair hits out at order to sell Aer Lingus stake August 28, 2013 THE COMPETITION Commission (CC) yesterday said it plans to force Ryanair to sell most of its stake in rival airline Aer Lingus, prompting a furious response from boss Michael O’Leary. The CC said yesterday that Ryanair must sell its 29.8 per cent stake down to five per cent, confirming its finding in May that the [...]
Ryanair to appeal against Competition Commission ruling August 28, 2013 The chief executive of budget airliner Ryanair has said it will appeal against today's report from the UK Competition Commission’s (UKCC) saying that its minority shareholding in Aer Lingus has led to a "substantial lessening of competition" between the airlines on routes between the UK and Ireland. The UKCC said this morning that Ryanair will [...]
Competition Commission orders Ryanair to sell off Aer Lingus stake August 28, 2013 The Competition Commission has confirmed that budget airline Ryanair will need to reduce its 29.8 per cent stake in Aer Lingus to just five per cent. In its final report published today, the CC confirmed its provisional findings that Ryanair’s minority shareholding had led or may be expected to lead to a substantial lessening of [...]
Antitrust body in Ryanair ruling August 27, 2013 Ryanair boss Michael O’Leary is set for disappointment this morning when the Competition Commission tells the airline how much of its near-30 per cent stake in Aer Lingus it must sell off. The CC said in May that the holding “could reduce competition on routes between Great Britain and the Republic of Ireland”. Ryanair has [...]
What the other papers say this morning – 12 August 2013 August 11, 2013 FINANCIAL TIMES Air alliances rule out Heathrow move The world’s biggest airlines have ruled out moving from Heathrow to another UK airport, bolstering the chances of a highly contentious third runway being built at Europe’s busiest hub. All three global airline alliances have said they want to stay, even though some options being considered by [...]