Thomas Cook considers airline sale as losses hit £60m February 7, 2019 Thomas Cook is set to consider selling its airline business as seasonal losses deepened to £60m for its first quarter, with the airline blaming customer uncertainty. The figures The embattled travel agent saw its operating loss increase by £14m year on year to hit £60m for the three months to the end of December as holiday bookings dropped, [...]
Ryanair falls to €20m loss as O’Leary signs new five-year contract February 4, 2019 Budget airline Ryanair today said it suffered a €20m (£17.5m) loss in the third quarter of its financial year, blaming weaker ticket prices. The airline also said that longstanding chief executive Michael O’Leary had signed a five-year contract for the role of group chief executive, as the company moves to a new structure. Read more: Ryanair [...]
Gatwick drone chaos costs Easyjet £15m but shares rise as profits stay the course January 22, 2019 Drone disruption at Gatwick cost Easyjet £15m, the airline revealed today, as it said that 82,000 passengers were affected by the incident, but shares rose as profits stayed the course. Easyjet was forced to spend £10m in customer welfare costs and lost £5m in revenue, it confirmed in a trading update this morning, as it [...]
Airline stocks enjoy share price bump following positive forecast for 2019 January 21, 2019 Several airline stocks have enjoyed share price bumps today following a positive note on European airlines by Davy Research. Air France-KLM, Norwegian and Thomas Cook were among the airlines that enjoyed spikes in their share price, with the Franco-Dutch carrier enjoying a near 5 per cent rise. Norwegian's share price increased by 3.52 per cent [...]
FTSE 100 index rises on hopes of US – China trade war breakthrough January 18, 2019 The FTSE 100 is up more than one per cent this morning on hopes of a breakthrough in trade talks between the US and China. The index was boosted by hopes of progress in the trade war, which were sparked by news reports suggesting that the US is considering reducing tariffs on Chinese imports. Read more: Markets lift [...]
Ryanair slashes profit guidance by €100m amid falling revenue January 18, 2019 Ryanair today issued a profit warning, saying it was reducing its full-year profit guidance by €100m (£88m) due to a drop in revenue from winter fares. The budget airline said it expects profit after tax of between €1bn and €1.1bn, down from a range of €1.1bn to €1.2bn. Read more: Ryanair profits slide as strikes, cheaper [...]
Consumer group calls on Ryanair to refund passengers hit by name change “glitch” January 14, 2019 Ryanair came under renewed criticism today from a leading consumer rights activist for refusing to refund customers who were allegedly charged fees in error. Hundreds of customers were required to pay a £115 name change surcharge due to a "glitch" on Ryanair's website which caused incorrect surnames to be recorded on passenger bookings, according to [...]
Budget airline Norwegian to offer free Wi-Fi on long-haul flights January 8, 2019 Norwegian has started the new year on a high by introducing free Wi-Fi on board its long-haul aircraft based at Gatwick airport. Passengers flying between Europe, the US, South America and Asia will be able to stay connected with either a free or premium Wi-Fi package while on board its Boeing 787-9 Dreamliner and 737 MAX aircraft. Read [...]
Ryanair named ‘worst short-haul airline’ for sixth year in a row January 5, 2019 Ryanair has been named the UK’s worst short-haul airline for the sixth year in the row. A passenger survey, carried out by Which, put the Irish budget airline at the bottom of 19 carriers flying from the UK. Ryanair achieved a customer score of 40 per cent compared to a 63 per cent score for [...]
Delays at UK’s busiest airports cost business passengers £500m last year, new data reveals January 3, 2019 UK business passengers lost more than half a million days to delays at Britain's 10 busiest airports last year, at a cost of around more than £500m to their pockets. When combined with delays to leisure passengers the figure rise to 2.5m days lost, costing travellers £1bn. Data from air travel intelligence company OAG shows that delays at Heathrow [...]