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Ryanair grounds 15% of services today as latest pilot strike takes hold
Overall, Ryanair expects to still operate more than 2,000 flights normally today
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LON:RYA
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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Investments and investor services
Overall, Ryanair expects to still operate more than 2,000 flights normally today
Investments and investor services
Some 200,000 passengers weren't counted as just over 1,000 flights were cancelled in July amid the airline's latest industrial relations crisis
The Irish budget airline is taking six planes out of its Dublin fleet this winter.
Tough competition, higher costs, labour strikes and Brexit are among the challenges facing European airlines
A look at some of the biggest risers and fallers in London on Monday
Ryanair cancelled 2,500 flights in the first quarter due to strikes by French air traffic controllers and is facing further industrial action by Irish-based pilots
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In London, FTSE 100 shed 23 points to 7,655, while FTSE 250 shed over 155 points at 20,770
Cabin and ground crew from four European countries have agreed to strike on July 25 and 26, threatening to disrupt flights of low-budget airline at the height of the summer holiday season
A look at some of the top risers and fallers in London on Tuesday
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Dublin-headquartered Ryanair said its passenger numbers increased by 7% to 12.6mln in June 2018, up from 11.8mln at the same stage a year ago
Analysts at the Irish stockbroker upgraded their stance for Wizz Air to ‘outperform’ from ‘neutral’, citing the scope for 15% capacity and earnings growth over the next decade
The low-cost airline will operate three planes out of London Southend Airport from Summer 2019, providing 13 routes to eight European countries, including six new destinations
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A glance at some of the day's highlights from the Proactive Investors newswire
Ryanair had been Exane BNP’s preferred pick of the two, but analysts there downgraded it to ‘neutral’ from ‘outperform’ whilst moving rival Easyjet in the opposite direction
The retailer has been pulling investment from its high street stores and putting it into the ‘travel’ side of its business, which is benefitting from an increase in plane and rail passengers
The City broker also raised its target price for the FTSE 100-listed firm to 1,800p from 1,250p, with the stock having closed trading on Monday at 1,778.5p
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The consolidation in Europe's airline sector underlines the pressures companies are facing from fierce competition and rising fuel costs
Higher staff and fuel costs are expected to impact Ryanair's bottom line in fiscal year 2019
Investments and investor services
FTSE 100 reached a new record close on Monday after achieving it last time on Thursday
Concerns on margin pressures and upcoming results from competitors will likely lead to a review of the airline's prospects once the high of today's results wears off
Investments and investor services
Ryanair and EasyJet are among the Swiss bank's 'buy' stocks in the airline sector, which has overall "performed negatively".
easyJet was forced to cancel more than 1,000 flights due to adverse weather conditions across Europe and a further 200 due to industrial action in France and Italy
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The day ahead includes March traffic from blue chip airlines easyJet PLC and British Airways owner International Airlines Group PLC, plus a trading update from Electrocomponents PLC
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Wizz Air said it added nine new routes to and from Austria, and one new route to and from Bosnia and Herzegovina
Passenger numbers rose 4% to 5.5 million last month
Ryanair failed to lift its load factor in February for the first time in almost a year while IAG's grew and Wizz Air's declined
Ryanair reported a 12% increase in third quarter profits despite cancelling thousands of flights due to a rostering cock-up
The UK blue chip index closed down 108.45 points at 7.334, which had been the session low
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After November's hike, another UK rate rise is unlikely this month, although some Bank of England MPC members may vote for a rise after a unanimous vote in December
The announcement follows a U-turn in policy for the budget airline in December
Morgan Stanley upgraded its rating on easyJet to ‘overweight’ from ‘equal-weight’
“Looking at our 12 to 18-month price target, we see up and downside better balanced and the stock currently close to fair-value”
Ryanair only has three UK domestic routes but it is worried it may not be able to continue running these after Britain exits the EU. The company also released December passenger statistics, as did Wizz Air
The UK blue chip index closed around seven points higher at 7,544, below the day’s peak of 7,563
Credit Suisse downgraded the stock to ‘neutral’ from ‘outperform'
"Christmas flights are very important to our customers and we wish to remove any worry or concern that they may be disrupted by pilot industrial action next week,” said Michael O'Leary, Ryanair chief executive
The Irish budget airline said it carried 9.3mln customers last month, up from 8.8mln in November 2016, increasing its rolling annual traffic total to 128.7mln passengers, up 11% on the year before
The budget airline is expecting a record profit after tax of between €1.40bn and €1.45bn this year, despite recent pilot scheduling issues that forced it to cancel 20,000 flights
Around 4pm, the UK blue chip index rose 2 points to 7,490
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Day ahead includes third quarter updates from blue chip oil major BP PLC, advertising giant WPP PLC, and mid cap food delivery firm Just Eat PLC
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Week ahead includes interest rate decisions from the Bank of England and the US Federal Reserve, as well as updates from HSBC, BT, Next, BP, and Royal Dutch Shell
Previously announced restrictions on carry-on will now be delayed until mid-January, meaning all passengers will be able to take two bags onboard over the Christmas period
Peter Bellew is currently the boss of Malaysia Airlines – the carrier that was struck by the double tragedies of MH370 and MH17 in 2014
In a letter, addressed “to all Ryanair pilots”, the airline’s chief executive Michael O‘Leary said the group will deliver “significant improvements to your rosters, your pay, your basing, your contracts and your career progression over the
The Irish airline has attracted heavy criticism for the cancelled flights
The pound's weakness is the source of the Footsie's late strength
The carrier went into administration in the early hours of this morning as intense competition and wafer-thin margins finally took their toll
FTSE 100 closed over 66 points higher at 7,438 with budget carrier easyJet the top flyer
“From today, there will be no more rostering related flight cancellations this winter or in summer 2018,” said chief executive Michael O’Leary.
Neil Wilson, senior market analyst at ETX Capital said: “The sell-off this morning is all about mounting concern over rising cost pressures which are likely to hit margins and profits”
Jordan Hiscott, chief trader at ayondo markets pointed out that Ryanair shares have been "recovering slightly, possibly on the hope that the damage has been contained"
The European Commission weighed in on the row today warning the Ireland and UK listed discount airline that it had to comply with EU rules on passenger rights, including possible reimbursement and compensation
Ryanair has no interest in making a bid for struggling German carrier Air Berlin, chief executive Michael O'Leary said.
Only priority boarding customers will be able to take two bags on board from 1 November and the airline has also lowered the fee from checking luggage into the hold
Sports Direct, Barratt Developments, Ryanair and EasyJet were among Wednesday's early market movers.
The FTSE 100 closed lower as one analyst reckoned the market was earlier just supported by short covering.
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Day ahead includes trading updates from retailer Halfords Group PLC and packaging firm DS Smith PLC, plus full-year results from housebuilder Redrow PLC
Yet another European vehicle attack, this time in Barcelona, left 13 people dead and scores injured yesterday afternoon
Ryanair's chief executive Michael O'Leary has stressed the need for an early deal on Brexit in a meeting with transport minister Chris Grayling.
"Yield visibility into H2 is zero and we see no reason at this time to alter our H2 average fare guidance of an 8% decline"
Boosted by a “significant benefit” from Easter, revenues for the three months ended 30 June jumped 16% year-on-year to £1.39bn
Ryanair shares have surged in 2017 but not by as much as the likes of easyJet and IAG
The US investment bank downgraded its stance for FTSE 100-listed IAG – which also owns Iberia, Aer Lingus and Vueling - to ‘neutral‘ from ‘buy'
Davy’s analysts said the upgrade is based on easyJet’s “unit revenue momentum and the exposure to this trend from the operating leverage provided by its lowered margins”
A five-year franchise agreement will see Eastern operate its scheduled route network under the Flybe brand, while a joint venture and risk sharing agreement, will cover four Eastern aircraft, to fly existing Flybe branded routes from Aberde
FTSE100 subdued after latest poll points to hung parliament
UBS analysts said they continue to view Ryanair as the "best of breed" short haul operator in Europe but they see the risk-reward for the airline stock now as “balanced”
Jordan Hiscott, chief trader at ayondo markets said: “The low cost airline knows its segment of the market extremely well, stipulating that fares should fall between 5%-7% in 2018, but still expects to see profitability through record passe
Despite sharp falls in average fares due to overcapacity and Britain's vote to leave the EU, the discount airline also promised higher profits and lower fares next year
The blue chip index in the UK finished down 21.12 at 7,526
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Week ahead; IG Group, Ryanair, Johnson Matthey, Non-Farm Payrolls,
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Two former Barclays traders have been acquitted on a charge of conspiracy to defraud while Brexit may force Rynair to halt flights out of the UK
Both airlines improved their figures despite a later Easter and several air traffic control strikes
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In a review of the airlines sector, the US broker cut its rating for IAG to 'underperform' from 'buy' and reduced its price target to 500p from 550p
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Britain’s biggest retailer has scrapped 31 of the Dutch company’s brands and is now stocking only 22 of the 53 it was selling at the start of the year
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The mortgage lender said UK house prices were up 5.1% year-on-year in the three months to February 28, down from the 5.7% annualised rate seen in January
Kepler moved the budget airline up to a ‘buy’, while passenger stats for February were solid
The FTSE 100 was down 32 points to 7,342 shortly after 3.15pm on Monday
The transport team at Deutsche went to ‘buy’ from ‘hold’ on stock in the no-frills Irish giant
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FTSE 100 shares closed higher on Monday as buoyant mining stocks responded to a strike in Chile which boosted copper prices
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The Irish firm said average fares fell 17% in the three months to December 31 and could fall by up to 15% in the three months to March 31.
The FTSE 100-listed firm transported 5.6 million passengers in December, up over 15% from the 4.8 million passengers it carried a year earlier.
FTSE 100 and small-cap stocks ended at fresh record highs on Tuesday, the first session of 2017, after being buoyed by higher Wall Street on bullish US factory data, 18-month high oil prices and even bumper Chinese data