Ryanair ups annual profit forecast February 1, 2010 BUDGET airline Ryanair increased its profit forecast for the year after posting a smaller than expected third-quarter loss yesterday. Europe’s biggest low-cost airline said a drop in fuel prices had helped to improve the company’s figures. Ryanair’s loss of €10.9m (£9.5m) in the three months to the end of December compared with a €118.8m net [...]
IS RYANAIR ON THE UP AND UP AFTER SLUMP ? February 1, 2010 JOSHUA RAYMOND | CITY INDEX The fact that they have increased their profit forecast at a time when many are remaining cautious for the year has pleased investors. The loss came in narrower than expected also and has boosted investor confidence in a sector that has had a fairly horrible time. GERT ZONNEVELD | PANMURE [...]
Awful airline, great stock February 1, 2010 AWFUL airline, great stock. Ryanair might be the bête noire of the chattering classes, but Michael O’Leary’s low-cost carrier is attracting enough customers without them. Its passenger numbers were up 14 per cent to 16m in the third quarter, a traditionally dire time for airlines. Revenues lagged behind, edging up one per cent as yields [...]
Happy Monday for financials as US data lift big cap shares February 1, 2010 Britain’s top share index closed 1.1 per cent higher yesterday, helped by upbeat US manufacturing data, with banks and commodity stocks topping the list of gainers. The FTSE 100 closed up 58.89 points at 5,247.41, having dipped to 5,163.57 earlier in the session. The index ended 0.8 per cent higher on Friday. Experts said the [...]
Ryanair raises profit forecast February 1, 2010 BUDGET airline Ryanair increased its profit forecast for the year after posting a smaller than expected third-quarter loss. Europe’s biggest low-cost airline said a drop in fuel prices had helped to improve the company’s figures. Ryanair’s loss of €10.9m (£9.5m) in the three months to the end of December compared with a €118.8m net loss [...]
Aer Lingus changes pricing January 26, 2010 LOSS-MAKING Irish carrier Aer Lingus yesterday took a step closer to the no-frills model of rival and onetime suitor Ryanair with the extension of extra charging under a plan to boost revenue. The former state airline drew a muted response from investors with its offer of basic ticketing plus top-up fees for meals, access to [...]
Imperial Commander looks the only danger to Kauto and Denman January 14, 2010 ONLY 27 horses stood their ground on Wednesday for the Cheltenham Gold Cup which was no real surprise when you consider that two of those names were Kauto Star and Denman. The eagerly awaited re-match (the score currently stands at 1-1) on 19 March is already being billed as one of the best races of [...]
No frillers win fight of skies January 7, 2010 RYANAIR blew away the competition over Christmas, flying nearly five million passengers in December – 12 per cent more than last year. And total passengers for 2009 reached the dizzy heights of 65m, jetting past the 58m recorded the previous year. The budget airline’s biggest rival EasyJet notched up a 9.3 per cent year-on-year rise [...]
BA’s image recovers from threat of strike action January 5, 2010 JOHN Lewis yesterday announced strong Christmas sales – and certainly from the BrandIndex satisfaction scores, it seems that Waitrose customers were satisfied with their Christmas shopping. Graph One shows the scores of six leading supermarkets for the month of December. A PR DISASTER British Airways, meanwhile, had a disastrous December on the PR front. Strikes [...]
OFT attacks Ryanair over fee loopholes January 4, 2010 BUDGET airline Ryanair has been branded “puerile and childish” for using a legal loophole to hit online customers with an extra credit card charge. Office of Fair Trading (OFT) chief executive John Fingleton yesterday attacked the company for hitting customers with a £5 booking fee for using all but one credit card. The fee has [...]