Ryanair among worst performing airline stocks in past year as airline strikes cautious note in annual results May 21, 2018 Ryanair is among the worst-performing airline stocks over the past year that has been marked by union disputes and rising costs. Analysis by Thomson Reuters shows that the once buoyant stock has fallen to the back of the pack along with Air France-KLM, United Continental and SouthWest in terms of positive share price change. Air [...]
Ryanair (RYA) share price rises as profits soar but airline gives pessimistic forecast on higher costs as Brexit shareholder shake-up takes off May 21, 2018 Low-cost carrier Ryanair has reported soaring annual profits this morning, but has warned its earnings will fall back in the next year due to higher costs and flat fares. It has also given more insight into its Brexit preparations, with the airline saying it remains concerned at the “likely impact” of a hard Brexit. It [...]
EU official Henrik Hololei sounds warning on post-Brexit flights as time is ticking to secure a deal May 18, 2018 A European Union official has warned that time is ticking on sorting out the arrangement for post-Brexit flights between Britain and the bloc, Henrik Hololei, the director general for mobility and transport at the European Commission, said the effects on the aviation industry could be significant after 29 March, when Britain is set to leave [...]
Wizz Air’s Brexit contingency plans take off as it secures UK licence May 3, 2018 Wizz Air today confirmed it has been granted a UK air operator’s certificate and operating licence to safeguard its flights post-Brexit. The Hungarian airline said it has always been committed to the UK and its continued expansion will mean more investment and jobs in the UK as it looks to consolidate its position further. Last [...]
London City Airport chief Robert Sinclair “increasingly confident” Brexit deal will be done April 10, 2018 London City Airport chief executive Robert Sinclair is “increasingly confident” a deal with the EU will be done by 2019, as the airport launched a joint campaign with the Department for International Trade (DIT) to encourage British businesses to sell overseas. Sinclair told City A.M. that while his predecessor, Declan Collier, was “right to raise [...]
Boux Avenue, Ryanair, J.P. Morgan and Macquarie are among the companies with the widest gender pay gaps April 5, 2018 The deadline for UK companies with more than 250 employees to publish their gender pay gap data closed yesterday, with 10,035 companies having published their reports by the deadline. The government announced in January last year that from this April all employers with more than 250 staff would have to publish annual figures relating to [...]
Easyjet CEO says forced sale of UK shares after Brexit “won’t need to happen” April 3, 2018 Easyjet’s CEO Johan Lundgren has said he does not think UK nationals will be forced to sell their stake in the airline after Brexit, saying he is “confident” a deal will be reached with the EU. Speaking exclusively to City A.M., Lundgren said his decision to amend Easyjet’s articles of association was a “precautionary measure” [...]
A record 5.4 million passengers passed through Heathrow in February March 12, 2018 Nearly five and a half million passengers passed through Heathrow in February, as the airport repeated the need for it to expand quickly. Emerging markets in South Asia and Latin America increased by 12.7 per cent and 6.5 per cent respectively, while strong markets in North America and East Asia meant trade was up 5 [...]
Ryanair “not planning any stunts” to force voter rethink on Brexit March 7, 2018 Ryanair has said it will not ground flights after the UK leaves the European Union despite suggestions that Michael O’Leary was prepared to take a dramatic stance to change voters’ minds. Speaking to City A.M., chief marketing officer Kenny Jacobs confirmed the air carrier would not be grounding flights in April 2019 but warned there [...]
European airline body says aviation industry must not suffer “the brunt of political inadequacies” as it offers airlines Brexit advice February 28, 2018 A European aviation trade body has issued advice for airlines on Brexit, saying there is “no one-size-fits-all solution”, with a warning that the aviation industry should not suffer “the brunt of political inadequacies”. The European Regions Airline Association (ERA) has provided guidance to airlines to prepare for different Brexit scenarios, noting in a report out [...]