BA’s owner IAG could face investigation over Air Europa’s takeover November 22, 2021 British Airways’s owner IAG could face a formal investigation by the UK Competition and Markets Authority (CMA) over the proposed takeover of Spanish carrier Air Europa. The watchdog announced today that it is “considering whether this transaction, if carried into effect, will result in the creation of a relevant merger situation” that could lead to [...]
The City View: November 19: Ryanair, borrowing, and Boris’ week from hell November 19, 2021 Andy Silvester hosts the Friday edition of City A.M.’s evening podcast The City View, looking into Ryanair’s delisting, concerning borrowing figures, and a bumper payday for the Premier League courtesy of American friends. Andy is also joined by Sascha O’Sullivan, City A.M.’s Opinion and Features Editor, to look back at an extraordinary week in British [...]
Checking out: Ryanair confirms plans to delist from London Stock Exchange November 19, 2021 Ryanair is leaving the London Stock Exchange amid rising admission costs in a move that could be seen as a post-Brexit snub.
Athens calling: UK airlines prepare for Greece summer boom November 8, 2021 UK airlines are increasing the number of flights to Greece in preparation for next summer’s boom in tourism, the Financial Times reported. Carriers are ramping up their pre-pandemic capacity, with Jet2 adding 1 million seats compared to 2019’s capacity and Easyjet increasing its tickets by 500,000. “Having met most of the tour operators and airline [...]
Ryanair turns East Midlands into major hub as it launches 30 new routes from region’s airport November 8, 2021 Ryanair has said it will operate 130 weekly flights across 31 European destinations from East Midlands Airport from April next year, turning the regional airfield into one of its main UK hubs. Ryanair’s director of commercial, Jason McGuinness, said he was “delighted” to have extended the airline’s long-term partnership with East Midlands. Destinations include Alicante, [...]
Ryanair posts first profit since Covid but mulls London delisting November 1, 2021 Budget airline Ryanair has reported its first quarterly profit since the start of the pandemic, with shares going up to €16.96 compared to €16.46 registered earlier this morning. However, the Irish-based group said it still expected to post an annual loss of up to €200m (£195.4m) as it would need to discount tickets this winter. [...]
Ryanair to refund passengers after public mishaps October 28, 2021 Ryanair has announced it will start refunding customers of cancelled flights within five working days. Part of a company campaign to improve its image, the measure was set after the Dublin-based carrier held its first customer panel meeting in September, when customers all over Europe met with senior management to provide recommendations on customer service. [...]
Long-haulers slam APD hike as it “will penalise Global Britain” October 27, 2021 Long-haul carriers have criticised the Chancellor’s decision to increase air passenger duty (APD) rates for flights longer than 5,500 miles. Luis Gallego, chief executive at British Airways’ parent company IAG, said the move “will penalise Global Britain” at a time when the country should be more competitive on the global stage. “We need to get [...]
No public support for France’s short-haul ban says Ryanair’s boss October 24, 2021 Ryanair’s boss Michael O’Leary said French President Emmanuel Macron is lying when he says there is public support for the French Government’s ban on short-haul flights, the Telegraph reported. “Be very careful with the French,” the paper reported him saying. “You can always tell when the French are lying because their lips are moving.” O’Leary [...]
Wizz Air chief executive calls carbon offsetting “a bit of a joke” – CityAM : CityAM October 12, 2021 Wizz Air’s chief executive Jozsef Varadi has branded carbon offsetting as “a bit of a joke”, despite offering the scheme as part of the airline’s sustainability programme. As reported by Euronews, while speaking in Milan at industry conference World Routes, Varadi called carbon offsetting “greenwashing”. When pressed by Euronews Green on why the company was offering [...]