Ryanair gives flat forecast despite profit May 23, 2011 EUROPE’S largest low-cost airline Ryanair said yesterday high fuel costs and a lack of growth in capacity would mean flat earnings this year after a 26 per cent surge in 2010, sending its shares down 6.2 per cent. The Irish airline, which operates more than 1,500 flights a day, said it expected traffic growth to [...]
Capacity cuts could be end of good times May 23, 2011 FOR the first time in its 25 year history, Ryanair is cutting capacity. When winter 2011 rolls round the discount airline plans to ground 80 of its fleet including 50 new deliveries – even if the UK experiences an Indian summer that lasts until next February. A winter pullback on capacity is not unusual, but [...]
Fresh Eurozone debt fears see FTSE plunge to two-month low May 23, 2011 RENEWED concerns about the Eurozone debt crisis triggered a steep sell-off of Britain’s top shares yesterday, led by commodity stocks, with some analysts and investors seeing little on the horizon to tempt investors back into the market. The FTSE 100 index ended at its lowest closing level since 23 March, off 112.60 points, or 1.9 [...]
Euro woes and commodity falls leave FTSE low May 23, 2011 Fears of debt default in Greece, election upset in Spain and weakness in Italy’s economy caused the FTSE to tank to a two-month low today. Commodity stocks led the fallers as the FTSE 100 index plunged more than 100 points to close down 1.9 per cent at 5,835.89. Investors abandoned risky assets after rating agency [...]
FTSE hit by China growth fears and eurozone crisis May 23, 2011 Commodity stocks took a hammering in early trading today as miners and energy related groups suffered from uncertainty in the global economy. The eurozone debt crisis continued to cast a shadow after Italy’s credit rating was downgraded by Standard & Poor’s from stable to negative. Chinese manufacturing data from HSBC showing a ten-month low also [...]
Ryanair profit up – but forecast flat May 23, 2011 Ryanair has reported a 26 per cent rise in annual profit to 401m euros £348m. But the airline says high fuel cost, and a lack of growth in capacity, will mean no increase in profit next year. It forecast a four per cent growth in passenger numbers in 2012, to 75m, and said that average [...]
BEST OF THE BROKERS May 22, 2011 AGGREKO Goldman Sachs rates the power rental company a “buy” and has added the firm to its conviction buy list with a raised target price of 2482p. The broker thinks now is the key time to invest as a result of the favourable pricing environment caused by power shortages in Japan, bolstering the firm’s already [...]
THE TIPSTER May 22, 2011 NO FRILLS airline Ryanair has seen its share price on the up since March, and with oil prices falling, the stock is finding further support. It is due to report figures today and the expectations are that passenger numbers have increased. Capital Spreads quotes 3.54p-3.58p. Optimism has increased about tomorrow’s first quarter Marks and Spencer [...]
Aer Lingus in profit warning May 5, 2011 IRISH airline Aer Lingus may ramp up a controversial cost-cutting plan after confirming profit this year will be significantly below 2010 due to weak demand and higher fuel prices. Facing constant pressure from Ryanair, Aer Lingus has cut routes, staff and pay to survive and another round of cuts could put it on a fresh [...]
Ryanair to trial reserved seats April 19, 2011 RYANAIR is introducing pre-booked seating on some of its low-cost routes, charging passenger an extra £10 each way for the premium service. The system will be trialled on routes from Dublin to London Gatwick and Malaga from mid-May, with 24 seats with extra leg room available for pre-booking. Also yesterday rival airline EasyJet said it [...]