Ryanair posts quarterly loss due to snow January 31, 2011 RYANAIR blamed its €10m (£8.5m) quarterly loss yesterday on strikes, fuel costs and disruption caused by the weather yesterday, and pledged to take its fight against flight compensation rules to the European courts. The budget airline said it still expects to make a net profit for the year to March towards the top of its [...]
WHAT DO YOU THINK OF RYANAIR’S RESULTS? January 31, 2011 DAVID BUIK | BGC CAPITAL I thought the results were good. Ryanair is excellent at cutting costs when sales are lower, and the fact that the firm has hedged its fuel costs for the next year is pretty smart. The company does what it does very well, and under the circumstances of the snow and [...]
RYANAIR VS COMPENSATION LAW January 31, 2011 Q.WHAT RULES ARE RYANAIR CHALLENGING? A.Passengers flying within or into the European Economic Area can claim compensation if their flights are cancelled, and are also entitled to meals, two telephone calls and accommodation while awaiting a later flight. The rights also apply if a long-haul flight is delayed by more than four hours, or less [...]
Ryanair “on track” despite £8.5m loss January 31, 2011 Europe’s biggest low-cost airline Ryanair re-affirmed its full-year profit target after rising passenger numbers and average fares helped offset disruption from strike action and bad weather. The Irish airline said it was on track to make a full-year net profit towards the upper end of its 380m euro (£325m) to 400m euro target range. Ryanair [...]
THE WEEK AHEAD January 30, 2011 COMPANY NEWS ● Rupert Murdoch’s News Corp will launch the first iPad only newspaper on Wednesday, The Daily. ● The oil giant Exxon Mobil reports earnings today. ● As does budget airline RyanAir, which releases its third quarter earnings results today. ● Tomorrow the iPhone chip manufacturer ARM Holdings releases its fourth quarter results, which [...]
EasyJet passenger numbers climb January 7, 2011 EasyJet’a passenger traffic numbers rose 7.6 per cent from a year earlier in December, following a similar rise in numbers at rival budget airline Ryanair. EasyJet said it carried 3,657,186 last month, while its load factor – which measures the amount of seats filled on a plane – rose by 0.4 percentage points from last [...]
Airline should continue its expansion January 4, 2011 EASYJET’S decision to convert options on 15 aircraft is good news for the company. Passenger numbers are still growing, up 8.2 per cent in November, while budget airlines are stealing market share from full-service carriers, helped by a cabin crew dispute at British Airways. But the 15 orders represent less than a fifth (17 per [...]
Four of the best resorts for a wild and wicked break January 3, 2011 BEST FOR CRAZY PEOPLE REVELSTOKE, CANADA WANT to go somewhere genuinely new and yet nonetheless outrageously awesome? Try Revelstoke. Deep in the Canadian Selkirks, this remarkable resort only opened in Winter 2007. It is still, partially, a work in progress, but when it’s complete, it will be North America’s largest ski area, with a colossal [...]
Morocco is attracting the luxury investor November 25, 2010 IT’s hot, it’s exotic and beautiful. No wonder Morocco, long on the traveller’s radar, is rapidly becoming the place that the beautiful people are going to buy their second homes. Says Alistair Emery, CEO of developer Ajensa, which is nearing completion of the Baglioni resort near Marrakech: “In the last few years as people have [...]
WHAT THE OTHER PAPERS SAY THIS MORNING November 25, 2010 FINANCIAL TIMES AIRLINE FINANCING RIFT DEEPENS Ryanair and Emirates have taken the unusual step of joining forces with eight other airlines as a multibillion-dollar row over aircraft financing starts to split the world’s largest airlines into two rival camps. The Irish budget airline and Dubai’s Emirates normally shun industry alliances. But yesterday they revealed they [...]