Voting day: EU emission cutting plans suffer setback as MEPs reject carbon market reforms June 8, 2022 The EU will vote on a raft of emission cutting pledges and reforms across business and industry as the bloc looks to finalise environmental pledges.
Send in the army to help airports, says Ryanair boss June 2, 2022 The UK Government should send in the army to relieve pressure from airports as the travel mayhem rages on, according to Ryanair’s boss Michael O’Leary. “Bringing in the army, which they do and many other European airports, would, at a stroke, relieve the pressure on airport security and would mean that people have a much [...]
Boeing receives additional confidence boost after Norwegian buys 50 737 MAX May 30, 2022 Boeing has received an additional confidence boost after Norwegian Air announced it has placed an order for 50 737 MAX and secured options for a further 30 planes at an undisclosed price. Norwegian called today’s order a “landmark deal” as the carrier will go back to owning a significant chunk of its fleet, which is [...]
End of airport slots allocation leads to lower fares, says IEA May 26, 2022 Ending the allocation of airport slots will lead to lower fares, according to a paper published today. The Institute of Economic Affairs (IEA) has argued that buying and selling airport slots on the market like any other goods will lead to more competition between airlines, ultimately improving consumers’ choice. “The system weakens competition between airlines [...]
Ryanair reports 15m passengers in May as summer bookings ramp up May 25, 2022 Ryanair has reported that 15 million passengers travelled aboard its planes in May as summer bookings continue to ramp up. According to the low-cost carrier, load factor – the measure of how well an airline fills its seats – has gone up to 92 per cent, 1 per cent above April’s levels. Load factor is [...]
British Airways owner IAG buys 50 new 737 aircraft from Boeing May 19, 2022 British Airways owner IAG has struck a deal with Boeing to buy a fleet of 50 new 737 Max planes, which will be delivered between 2023 and 2027. The group said it had agreed to buy 25 of the 737 Max 8200 planes – first ordered by low-cost airline Ryanair – and another 25 of [...]
Ryanair loses legal battle against Condor bailout funding May 18, 2022 Ryanair has lost its legal battle to have bailout funding provided by the EU to German charter airline Condor ruled unlawful. The EU’s General Court said today the aid package was legitimate and that Ryanair failed to demonstrate the European Commission had mishandled funds when bailing the charter airline out. “The applicant did not succeed [...]
Ryanair to revert to second-hand market if Boeing doesn’t step up, warns O’Leary May 16, 2022 Ryanair could revert to buying aircraft from the second-hand leasing market if Boeing were not to step up, according to the airline’s boss Michael O’Leary. O’Leary told analysts today the airline was willing to remain with Boeing but said the plane manufacturer’s management needed to “bloody well improve,” as they were “running around like headless [...]
Summer holidays plans? Expect higher ticket prices and endless airport queues, warns Ryanair’s boss May 16, 2022 Ryanair chief executive Michael O’Leary warned this morning that flight prices will be higher this summer due to the high demand for European holiday destinations. He told BBC Radio 4’s Today Programme earlier today: ”I think capacity, generally, across the summer will be down 10 per cent, 15 per cent.” “Prices will be up by, [...]
Ryanair narrows losses to £300m and expects to fly back into profitability this financial year May 16, 2022 Budget airline Ryanair said this morning it has narrowed annual losses of £302m and hopes to return to “reasonable profitability” in its current financial year. However, chief executive Michael O’Leary said it was “impractical, if not impossible” to give guidance for 2022-23 due to the risk to holiday bookings from Covid and the Ukraine war. The [...]