Ryanair boss ‘hopeful and optimistic’ about ending strike action by pilots and cabin crew October 9, 2018 Ryanair chief executive Michael O'Leary has said he is "hopeful and optimistic" that the airline will not be damaged further by strikes with its pilots and cabin crew this year. O'Leary, who has previously said the airline will put up with strikes to defend its low-cost business model, said: "I am hopeful and optimistic that we [...]
EU rejects aviation regulator’s push for no-deal Brexit transition talks October 5, 2018 The EU's aviation regulator rejected British calls for a joint no-deal Brexit transition plan in July, new letters reveal. In June, the UK's Civil Aviation Authority (CAA) chief executive Richard Moriarty wrote to his EU counterpart Patrick Ky to say it would be in "both their interests" to agree to a joint transition plan. "These [...]
Easyjet passenger numbers climbed to 8m in September as Ryanair grappled with strikes October 4, 2018 Easyjet's passenger numbers for last month climbed to 8.8m last month, including numbers it has taken from flying from Berlin's Tegel airport. The number is an 14.2 per cent increase from September last year, when the airline carried 7.7m passengers. Earlier this year the airline started operations at Tegel airport after taking over parts of Air [...]
Ryanair’s special status is tarnished – it’s now a question of fight or flight for O’Leary October 3, 2018 Michael O’Leary is not short of ambition. The chief executive of Ryanair has spoken of flying 200m passengers in a year, and of profits of €2bn per annum, adding more than a third to the highest achieved in a year to date. The target date is 2024, but questions are being asked if O’Leary will [...]
Ryanair says it wants to hatch a deal with striking unions by Christmas October 2, 2018 Budget airline Ryanair said it hopes to settle its dispute with unions that have shadowed its summer schedule by Christmas. Chief marketing officer Kenny Jacobs told reporters in Madrid that the airline wanted to have agreements in place with crew and pilots by Christmas, with the view to implementing them next year. He said Ryanair has [...]
Ryanair passengers swelled to 13m last month despite staff strikes October 2, 2018 Ryanair carried 13.1m passengers in September, an 11 per cent increase on the same time last year. Laudamotion, the airline founded by Formula One giant Niki Lauda that Ryanair acquired a 75 per cent stake in, carried 0.5m passengers last month, with a load factor – a measure of how full aircraft is – of 93 per [...]
Ryanair rocked by profit warning October 1, 2018 Ryanair shares have sold-off severely this morning after the airline confirmed that profit would be 12% below the previous forecast. The group now expects full-year profit to be between €1.1 billion and €1.2 billion, and the previous guidance was between €1.25 billion and €1.35 billion. Ryanair cited higher costs regarding fuel and flight compensation regulations [...]
Ryanair shares fall as airline slashes profit guidance amid strike action October 1, 2018 Shares in budget airline Ryanair are down eight per cent this morning after it downgraded its full-year profit guidance by 12 per cent following a series of summer strikes by pilots and cabin crew. Chief executive Michael O'Leary blamed the downgrade on lower passenger traffic and forward bookings made because of the strikes. It now expects [...]
Easyjet soars towards full-year profit targets September 28, 2018 Easyjet today told investors it expected to deliver strong headline profit in its full year results, despite warnings of a no-deal Brexit hitting the airline. The company said before tax, profit for the year was likely to come in between £570m and £580m, in the upper half of previous guidance. It said passenger numbers for [...]
Ryanair strike: 250 flights cancelled and 35,000 passengers to be hit by today’s walkouts September 28, 2018 As many as 35,000 Ryanair passengers will be facing travel chaos this afternoon after the airline was forced into cancelling 250 flights as a result of strike action. The fresh wave of industrial disputes, which will affect almost double the number of flights that were previously expected to be cancelled, comes as pilots and [...]