Ryanair boss Michael O’Leary warns of job losses over Brexit and Boeing woes July 31, 2019 Ryanair boss Michael O’Leary has warned staff that hundreds of jobs could be lost as the airline reels from a decline in earnings and the grounding of the Boeing 737 Max aircraft. In a video sent to workers and seen by Bloomberg, the airline chief executive told staff that Ryanair needs 900 fewer pilots and [...]
British Airways loses court bid to stop pilot strikes over summer July 31, 2019 British Airways has lost its bid to block pilots from striking later this summer over a pay dispute, in a result which could spell chaos for British holidaymakers. The airline has been in talks with pilots in an attempt to stop them striking over the summer months. Read more: Holidaymakers face ‘perfect storm’ this summer [...]
Ryanair boss Michael O’Leary blasts Boeing over 737 Max delays July 29, 2019 Ryanair could have no Boeing 737 Max jets available next year unless the aircraft manufacturer “gets its sh*t together,” said the airline’s boss, Michael O’Leary, this morning. The number of Max jets available to the Irish airline next summer could drop to zero, he said, unless the plane maker upgrades the jet so that authorities [...]
Ryanair profits nosedive 21 per cent in first quarter July 29, 2019 Ryanair’s profits tumbled 21 per cent in its latest quarter as the airline was battered by higher fuel and staff costs coupled with lower fares, it revealed today. Read more: Ryanair warns of summer 2020 problems due to Boeing 737 Max ban The figures Profit before tax fell 24 per cent year on year to [...]
Freefall: Boeing makes $3.4bn loss on 737 Max grounding in second quarter July 24, 2019 Boeing this afternoon posted a $3.4bn (£2.7bn) quarterly loss, as it continues to struggle with mounting costs relating to the grounded 737 Max plane. The massive losses come after Boeing’s surprise announcement last week that it would set aside $4.9bn (£3.9bn) to compensate airlines for the disruption caused by the jet’s grounding. Read more: Boeing [...]
Holidaymakers face ‘perfect storm’ this summer as British Airways pilots vote in favour of strike action July 22, 2019 British Airways pilots have voted strongly in favour of industrial action in a dispute with the airline over pay. Ninety-three per cent of those balloted voted in favour of strike action, on a turnout of 90 per cent. Brian Strutton, general secretary of the British Airline Pilots’ Association, said: “This strong result demonstrates the resolve [...]
Upper Crust owner SSP takes hit from Boeing 737 Max ban July 19, 2019 UK-based airport restaurant operator SSP today revealed its revenue rose by nine per cent in the second quarter despite it being hit by the Boeing 737 Max groundings. The Boeing 737 Max planes, which first flew in 2016, have been out of the air since March after crashes in Indonesia and Ethiopia killed 346 people. [...]
Boeing takes $4.9bn hit on 737 Max groundings to compensate airlines July 18, 2019 Boeing will set aside $4.9bn (£3.9bn) to compensate airlines for the disruption caused by the worldwide grounding of its 737 Max jet. The world’s biggest plane maker said this evening the after tax charge would slash its pre-tax profits by $5.6bn in the second quarter, when results are announced next week. Read more: Ryanair warns [...]
Easyjet grows revenue in ‘robust’ quarter as new COO joins July 18, 2019 Easyjet boosted revenue 11 per cent to £1.8bn in its third quarter, the airline revealed today, saying it is on schedule to hit market expectations on profit. Read more: Easyjet losses soar to £275m after fuel price hike and Gatwick drone chaos The airline also posted higher passenger revenue, growing that 10.7 per cent year [...]
Ryanair warns of service cuts, blaming Boeing 737 Max ban July 16, 2019 Ryanair today warned investors it has been forced to reschedule summer 2020 due to a delay in the delivery of new Boeing 737 Max planes. The budget flyer had ordered 58 Max 200 models from Boeing in time for its summer 2020 schedule, but now expects just 30 to be ready in time. Read more: [...]