Ryanair hits out at Aer Lingus September 14, 2011 RYANAIR attacked the board of Irish airline Aer Lingus yesterday, demanding it ask shareholders their views on three issues in a bid to rebuild value at the company. Ryanair, currently one of the biggest shareholders in Aer Lingus, said investors should decide whether they receive an €0.20 per share special dividend to compensate for the [...]
Passengers through Heathrow on the up September 12, 2011 A RECORD number of passengers flew from Heathrow airport last month despite the impact of Hurricane Irene, which disrupted flights to the east coast of the US. Heathrow’s owner BAA said 6.6m travellers passed through London’s biggest airport last month, up 0.7 per cent on the previous year. Much of the growth in passenger flights [...]
Ireland may sell Aer Lingus stake September 7, 2011 IRELAND is considering the sale of its 25 per cent stake in airline Aer Lingus as it no longer considers it a strategic asset, the transport minister said yesterday. The government’s stake would be worth €84m (£74m) at yesterday’s share price. “It’s certainly under consideration, it’s definitely one of the candidates,” Leo Varadkar said yesterday. [...]
OFT renews its probe of Ryanair deal September 1, 2011 THE OFFICE of Fair Trading has resumed its investigation into Ryanair’s minority stake in Irish rival Aer Lingus and said it expected to reach a decision by the end of next month. The move, which Ryanair slammed as “unnecessary” and “damaging”, is part of an OFT probe into whether Ryanair’s 30 per cent holding in [...]
Aer Lingus upgrades full year outlook August 31, 2011 IRISH airline Aer Lingus saw a surge in second quarter profits but blamed the effects of industrial action by its cabin crew for overall losses in the first half of the year. The airline, which is owned in part by the Irish government and Ryanair, posted an operating loss of almost €28m (£24.6m) in the [...]
British Airways owner and Ryanair post increase in passenger traffic August 3, 2011 BRITISH Airways parent company IAG yesterday reported a 3.5 per cent jump in traffic for July. The figure, measured in revenue passenger kilometres, grew to 16.1bn. However, the actual number of passengers decreased 2.7 per cent to 5m. IAG, which was formed by the merger between Spanish carrier Iberia and BA, was boosted by a [...]
Ryanair loses Aer Lingus case July 28, 2011 Ryanair was yesterday dealt a blow by the Competition Appeal Tribunal, which ruled that the budget airline’s stake in Aer Lingus can be probed by UK watchdogs. Ryanair, the biggest shareholder in Aer Lingus, has previously had two hostile bids for the firm blocked under monopoly law. Ryanair said it plans to appeal, after arguing [...]
BAA narrows losses as traffic grows but a legal threat over charges looms July 27, 2011 BAA, the owner of Stansted and Heathrow, reported smaller losses for the first half of the year, boosted by more passengers using its airports. The airport operator made a pre-tax loss of £249m in the six months to June, down from £279.7m for the same time last year. Traffic across its London airports increased by [...]
Ryanair sees profit dented by the soaring price of fuel July 25, 2011 RYANAIR, Europe’s largest low-cost airline, posted quarterly profits below market expectations due to higher fuel and operating costs yesterday. The Irish airline, which operates more than 1,500 flights a day, said it expects average income yields to rise by 12 to 15 per cent in its second quarter ending in September, but warned that traffic [...]
Ryanair profit hit by soaring fuel costs July 25, 2011 Ryanair, Europe’s largest low-cost airline, posted quarterly profits below market expectations due to higher fuel and operating costs. The Irish airline, which operates more than 1,500 flights a day, said it expects average income yields to rise by 12 to 15 per cent in its second quarter ending in September, but warned traffic would fall [...]