Ryanair slams EU chief for ‘ignoring’ a million passengers during French strikes June 5, 2023 Ryanair has hit out at the President of the EU Commission Ursula von der Leyen, for “ignoring” over a million passengers calling for the protection of overflights during ongoing strikes action. The budget airline said it is “utterly unacceptable” that von der Leyen is “ignoring these more than 1.1 million passengers, who are sick and [...]
Wizz Air to report heavy losses after fuel price spike – but is a recovery on the horizon? June 4, 2023 Analysts expect Wizz Air to report a net loss of nearly half a billion pounds this week as soaring jet fuel costs weigh the budget airline down. Aarin Chiekrie, equity analyst at Hargreaves Lansdown, said while a strengthening Euro offered some relief to rising fuel costs, “these still rose by north of 60 per cent [...]
Why Lufthansa’s stake in Alitalia successor ITA could signal a wave of European consolidation June 2, 2023 Lufthansa’s purchase of a minority stake in Italy’s loss-making ITA Airways injects fresh momentum into a wave of consolidation in Europe’s fragmented aviation market that could see more mid-tier national carriers snapped up. The German group will be judged on whether it can make the successor business to Alitalia profitable in coming years, potentially setting the scene [...]
Ryanair: Irish eyes are smiling as airline nears passenger milestone June 2, 2023 Ryanair is closing in on a 40 per cent year on year passenger number increase, with a bumper May leaving 2023 up 39 per cent on the first five months of last year. Fears that aviation would be permanently smaller due to the Covid-19 pandemic appear to have played out in business travel but the [...]
Airlines are so high up the pyramid of capitalism they no longer compete on price May 24, 2023 Airlines don't seem to care about fighting for the cheapest flights anymore.
Ryanair posts record £1.26bn profits – but warns of turbulence with strikes and high fuel prices May 22, 2023 Ryanair posted record profits of $1.57bn (£1.26bn) in its full year results, as it cashed in on rising fares and strong traffic recovery – but warned it may experience turbulence in the near future. The low cost carrier flew a record 168.6m passengers, up 74 per cent, in the year ending March and said that [...]
Morning in the City: Live news and updates as Ryanair reports record profits May 22, 2023 Welcome to the City A.M. live blog on Monday 22 May! We’ll bring you all the latest news and analysis in one place.
Ryanair aims to ‘wipe the floor’ with European airlines in push to double passenger numbers May 21, 2023 Ryanair chief executive Michael O’Leary says the company will steal market share from European rivals to propel growth, aiming to double passenger numbers to 300m per year within a decade. Speaking to the Financial Times, O’Leary said: “I think the thesis that there’s no more growth in Europe, [and that] Europe is completely tapped out, [...]
Ryanair places multi-billion Boeing order as airline bets on boosting passenger numbers May 9, 2023 Ryanair has placed a multi billion dollar order for up to 300 Boeing 737 Max 10 jets in a deal which would mark the end of a dispute between the two aviation giants. The deal is estimated to be worth around $40bn (£31.7bn) based on listed prices, with a discount likely due to the sheer [...]
Ryanair grounded 650 flights in April due to strike chaos despite petition to ‘keep skies open’ May 3, 2023 Ryanair has said over 650 flights were cancelled due to the French Air Traffic Controller strikes in April, meaning almost 120,000 passengers couldn’t fly. Flight traffic grew by 13 per cent year on year to 16mn guests overall, with the firm operating a total of 89,650 flights in April. The low-cost carrier saw load factor [...]