Company
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
497 stories · page 12 of 25
The Irish carrier said around 25% of flights to Italy between 17 March and 8 April will be cancelled in response to what it said was a “significant drop in bookings” and a large number of passenger no-shows
The fear stalking the likes of Ryanair, off 11%, Wizz Air, down 9%, and easyJet is that the industry could be paralysed if infection rates across the continent pick up
Their respective passenger numbers rose by 5% and 23% as intra-European flights do business as usual or more
Profit swung to €88mln compared to a €66mln loss last year but the Boeing 737 MAX delays hit growth targets
European short-haul capacity will inflect as Boeing 737 Max aircraft return, according to Berenberg, which now rates Ryanair as 'hold'.
Ryanair is driven higher by stronger than expected Christmas bookings, better averages prices and a sector-wide demand-vs-supply boost in the wake of Thomas Cook's collapse.
Ryanair shares rose by €1.36 or 8.73% to trade at €16.56.
The improved traffic stats comes as the airline industry continues to be impacted by the grounding of Boeing 737 Max aircraft.
The bank said that more clarity on the UK's political situation was likely to lift business confidence and revenues for the carriers in the near-term
The budget airline downgraded its traffic expectations to 156mln passengers for the year to 31 March 2021 from 157mln previously
The bank said that following a 60% rise in the shares since August, when the Irish carrier’s stock hit a four-year low, the firm was now trading in line with their target price, which was raised to €13.50 from €12.50
Ryanair said that traffic for the past month had risen 5% to 13.8mln passengers
Profit of €1.15bn was the same as the year before, as revenues rose 11% but the fuel bill increased by 22%
Michael O'Leary said Thomas Cook’s business model was outdated as the package market is “screwed”
Some of the ostensibly independent directors on the Ryanair board have been reappointed with less than wholehearted support from the shareholders
The walkout is due to begin at midnight on Thursday until the end of Friday, with another two days of action planned from 2-4 September
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Ryanair reaffirmed its full-year profit forecast but expects fares to meet the lower end of its guidance range
“The jewel in the crown for our business is Southend and essentially I think it’s a trophy asset for London,” Stobart boss Warwick Brady said.
The budget airline is now expecting to grow 3% in the summer of 2020, down from previous predictions of 7% as a result of a smaller fleet of planes
The German carrier said that market-wide overcapacities and the aggressive growth of low-cost competitors were putting pressure on the European short-haul market
