Ryanair and Boeing talks restart over long-delayed 737 shipment
Ryanair boss Michael O'Leary confirmed on Thursday that the low fare carrier had returned to the negotiating table with Boeing
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Ryanair operates a scheduled passenger airline serving routes between Ireland, the United Kingdom, Continental Europe and Morocco. It claims to be Europe's largest airline and is the parent company of Ryanair DAC, Ryanair UK, Buzz and Lauda airlines
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Ryanair boss Michael O'Leary confirmed on Thursday that the low fare carrier had returned to the negotiating table with Boeing
Baggage handlers from Swissport have ended their industrial dispute after accepting a 10% pay rise
Covid had "accelerated the consolidation process in the airline sector"
Ryanair's increased December passenger numbers reflect a "weaker comparative" according to Liberum analysts
“Concerns about the impact of recession and rising consumer price inflation on Ryanair's business model have been greatly exaggerated."
UBS analyst Jarrod Castle forecasts Ryanair's quarterly revenue to be roughly €3.9bn, up from €1.8bn last year, alongside an increase in net income to €1,218mln from €225mln
The broker downgraded its rating on the low-cost airline to 'hold', with the target price cut to €11 from €16.5
Never one for taking a backward step Michael O’Leary, the boss of RyanAir described the fiscal plan as “nuts”, adding that the mini-Budget could potentially bankrupt the UK economy in the coming years.
Disruption caused by industrial action by air traffic controllers “inexcusable” says Irish carrier
After coping with Covid, the Irish budget airline says business model can withstand recessions
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Britain's blue-chip index finished the day up around 132 points, or 1.86%, at 7,281
Outlook follows O’Leary’s jibes at BA for mass flight cancellations
Rising fuel prices and environmental concerns spells the end to super-cheap air travel
The government of Hungary has accused Ryanair of violating consumer protection after raising ticket prices to cover an "extra profit" tax
Hungarian rival Wizz Air also had a return to form
It is a bumpy time for all airlines. Ryanair seemed to find a pocket of calm air in the three months ended June 30
Budget airline boss criticises transport secretary over refusal to relax entry requirements for EU citizens
Upcoming staff walkouts and airline cancellations likely to have the greatest impact on Europe's low-cost carriers
Worker unrest is adding to the chaos at airports, with strikes threatening or underway at Ryanair Holdings and British Airways
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Updates are also scheduled from Britvic, British Land, Burberry, Close Brothers, Experian, Fevertree, Land Securities, Premier Foods, Ryanair
Amid soaring fuel prices, management have increased fuel hedging for the new financial year
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Ryanair Holdings Plc has seen a “dramatic recovery” in bookings over the past two weeks as the easing of pandemic travel curbs across Europe encourages people to fly again. The Irish low-cost carrier’s planes are flying about 75% full and c
The two scored extremely low on how they dealt with Covid disruptions
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Here’s Proactive’s round-up of the top financial stories of the day, with helpful links taking you directly to the news
Flights in the current quarter were requiring "significant price stimulation at lower prices" to quickly fill planes, said boss Michael O'Leary
The budget airline has lowered its guidance for the current year to a net loss of between €250mln and €450mln from a loss range of €100mln-€200mln forecast previously
The volume of trading on the London Stock Exchange does not justify the costs, Ryanair said
The German bank holds a ‘buy’ recommendation with a €20 target price
The Irish budget airline also announced that it may de-list its shares from the London Stock Exchange
Passengers received 'Chargeback' refunds worth between £400 and £630 as they couldn’t fly due to government advice against non-essential travel
The law did not provide passengers with a sufficiently clear right to a refund
Ryanair has reported that it carried 10.6mln passengers in September
The Advertising Standards Authority will release new guidance and start enquiries into key sectors
The Irish airline expects passenger numbers to grow to over 225mln by March 2026, well above the previous target of 200mln
The MAX has only recently been given clearance to resume flying again after two fatal crashes
The EU Covid Certificates are stimulating a recovery in the travel industry, the airline said
Flights should return to pre-covid -19 levels in October
Belfast International Airport is seeking to find other airlines willing to take over Ryanair's abandoned routes
People across Europe are resuming air travel as COVID-19 vaccine rollouts progress
“We are seeing a strong rebound of pent up travel demand into Aug. & Sept"
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Airlines are putting on more flights to meet the demand
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“The UK is being left behind, and the rest of Europe is opening up and unwinding”
Most captain vacancies will be filled by internal promotions of first officers, who will then be replaced by new cadet pilots
The Bucharest-based carrier is aiming to raise up to €250mln through a reverse takeover on the AIM market this Autumn
Ryanair operated over 38,000 flights in June with a load factor of 72%
Ministers are only considering small changes after the end of lockdown in England was postponed
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“We see the EU moving fast to reopen the US-EU market"
The Irish airline has filed another lawsuit, following its numerous legal battles in Europe over the past year
Existing maintenance programmes must include three additional repetitive inspections
A vaccine-based approach would at least allow the industry to plan for what is left of the summer holiday season.
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Both might have breached competition law by failing to offer cash refunds said the CMA
The government is making it impossible to plan ahead says easyJet
A reported 300,000 people have travelled on holiday to amber-rated countries such as Greece and Spain
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Wizz Air said this quarter it would run at 30% capacity with the intention to be back at full service in 2023
The UK is requiring ten days of isolation with two tests for passengers coming from almost all EU countries
The airline expects expects a strong rebound of pent up travel demand through the second half of 2021
The London stock market somewhat mirrored London’s weather today; a pleasant start, followed by heavy showers and then a traditional British tepid finish.
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Companies in the diary for the week include Ryanair and easyJet, as well as Vodafone, Imperial Brands and Royal Mail
The aircraft was grounded last month and is still under inspection following the discovery of electrical faults, a situation that is likely to delay the budget airline's order for 210 of the new planes
“With each 1% gain in revenue per pax worth 8% to FY20A profit, sensitivities are compelling,
Both of the budget carriers reported higher passenger numbers last month compared with a year ago, although the figures were still sharply down on pre-pandemic figures
Short-haul leisure demand could potentially fully rebound next year
The airline added that the financial outcome for FY22 based on this revision is currently close to breakeven.
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The Irish carrier saw its passenger traffic plunge 91% during the month to around half a million, while on a rolling annual basis the numbers were down 81%
“I think it is very difficult to persuade the UK population to sit at home, or holiday at home when everybody's been vaccinated"
“Ryanair’s balance sheet and liquidity have benefitted from the compensation from Boeing," the stockbroker said.
People felt the airline was implying that most of the UK population would be vaccinated against Covid-19 by spring/summer 2021
The budget airline operated around 15% of its normal January schedule
As well as having taken rival easyJet’s aircraft slots at Stansted airport and extending its contract at the Essex base, the company is working with various airports on “recovery/growth incentives”
Ryanair called on the Irish and UK Governments to "accelerate the slow pace of vaccine rollouts"
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UK investors will also be prevented from buying shares in Ryanair
The order expands the Irish airline's total firm order of the aircraft to 210 units, up from 135 previously, which carries a price tag of over US$22bn
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Travel has been impacted by lockdowns across Europe and rising COVID-19 infections
Consumer organisation Which? recently estimated there is more than £1bn still outstanding to customers
US carriers are expected to start commercial flights at the end of the year
“We had previously assumed that testing and vaccine would be the catalyst to enable remobilisation and still see that to be the case,” the analysts said
There is a probability of a “super cycle” for the airline sector because of the improved capital discipline, Credit Suisse said
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The two budget airlines only flew around a third of the passengers flown in the same period last year
The airline has said already that it expects to carry only 38m passengers over the full year
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American voters will decide on Tuesday whether Joe Biden or Donald Trump will become take control of the presidency following a volatile campaign season
The schedule cuts "have been forced upon us by government mismanagement of EU air travel," said boss Michael O'Leary
The low-cost carrier would start receiving aircraft early next year
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In September, Ryanair said it was cutting capacity by 20% and this latest round of reductions comes on top of those.
The air traffic control provider was not found to be guilty of failures over airspace capacity, coding and discrimination
The broker said a recovery in passenger demand following lockdown was "likely to be choked off" by "hugely inconsistent" travel policies across Europe
JD Wetherspoons and Restaurant Group were the biggest fallers, down 8%, while Marston’s fell 7%
The struggles of the airline market due to the coronavirus pandemic is "likely to result in long-term impacts for the sector which it expects will create opportunities for Ryanair to grow its network"
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Ryanair saw passengers drop by 53% last month, while Wizz Air flew 41% fewer passengers
Most of the reductions would be frequency reductions rather than route closures
Planes can fly to and from Italy at full capacity only if they respect rules to avoid the spread of the virus
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The index of UK blue-chip stocks was flat at 6,129 before close
The airline expects over 90% of customer cash refund requests will be cleared by the end of this month
The two air carriers flew 400,000 and 500,000 passengers, respectively, down 97% and 86% on a year earlier
The low-cost airline celebrated the event by launching what it said it was its biggest ever sale of cheap tickets