EasyJet and Aer Lingus enjoy rise in low-cost air customers July 5, 2012 EASYJET carried almost a tenth more passengers in June compared to a year ago, figures out yesterday showed. The low-cost airline said it took 5.43m passengers last month, up 9.7 per cent on June 2011, while its load factor, a measure of how full its flights are, jumped 1.6 percentage points to 89.9 per cent. [...]
WHAT THE OTHER PAPERS SAY THIS MORNING July 4, 2012 FINANCIAL TIMES VW to buy rest of Porsche for €4.46bn Volkswagen has agreed to buy the remaining half of Porsche’s carmaking operations that it does not already own for €4.46bn. The two car groups yesterday finalised plans to speed up the creation of the combined car group. The integration will take effect from 1 August. [...]
British Airways owner expects Olympics to hit premium traffic July 4, 2012 BRITISH Airlines owner IAG reported a six per cent jump in like-for-like passengers numbers for June yesterday. But the firm, which is running an advertising campaign urging Britons to stay in the country during the Olympics, repeated its forecast that the Games will dampen premium traffic figures during the summer. IAG said it carried 5.05m [...]
Irish minister says Ryanair’s bid for Aer Lingus is too low June 21, 2012 SHARES in Aer Lingus dipped 3.2 per cent yesterday after the firm’s board and the Irish government dismissed Ryanair’s takeover bid for the former flag carrier. Aer Lingus stock closed at €1.05, below Ryanair’s €1.30 per share offer price, as investors and analysts looked at the next steps for the firm.” The Irish government, which [...]
Aer Lingus says no to Ryanair’s takeover bid June 20, 2012 SHARES in Aer Lingus soared 15.4 per cent yesterday after Ryanair’s latest takeover bid, though the budget carrier said after the markets closed that the offer undervalues the firm. Aer Lingus, which has been subject to three takeover offers from Ryanair since listing in 2006, urged its shareholders to take no action for now after [...]
Ryanair embarks on a third bid to take over its rival Aer Lingus June 19, 2012 BUDGET airline Ryanair has made a third bid to take over Aer Lingus, claiming its €694m (£560.6m) cash offer is the best chance for its rival to remain in Irish hands. The offer of €1.30 per share represents a 46.7 per cent premium over Aer Lingus’s six month average. Ryanair believes there is a better [...]
Airline traffic growth is knocked off course by Eurozone worries June 7, 2012 IAG, the parent firm of British Airways and Iberia, has been hit by Spain’s economic woes in the last month, undermining the strength in its long-haul London routes. IAG said yesterday that its traffic, measured in revenue passenger kilometres, rose 6.6 per cent last month versus May 2011, while passenger load factor – a measure [...]
No delays at Stansted as strikes begin May 23, 2012 STANSTED Airport operated as normal yesterday in spite of industrial action by baggage handlers. Members of the Unite and GMB unions working for contractor Swissport staged the first of three planned walkouts yesterday as part of a dispute over work rotas. Unite claims that Swissport’s measures would mean ramp staff work 14 extra days a [...]
Ryanair says fuel prices will drive down profits May 21, 2012 BUDGET airline Ryanair yesterday announced record profits of €503m (£406m) for the year to March 2012, an increase of a quarter on a like-for-like basis. But the Dublin-based firm said that this would be the last year of expectation-beating profit rises and warned that returns could drop by as much as 20 per cent during the next [...]
Ryanair warns that profit to be dented by Eurozone May 21, 2012 Ryanair, Europe’s biggest budget airline, warned surging fuel costs and a worsening economic outlook meant profit would slip by up to 20 per cent in the coming year, the first fall in four years. The Dublin-based airline, which posted a record annual profit and has posted profit growth of at least 25 per cent every [...]