easyJet’s FTSE 100 relegation could be more of a dip than a descent
The budget airline is accompanied by generic drug maker Hikma on the list of firms facing the blue-chip trap door
Company
Ryanair Holdings PLC
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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Brokers clip Ryanair's wings after flat profit forecast for 2020
UBS and Liberum cut their respective targets for the Irish carrier, which last week reported a 29% drop in full-year profits as a result of high fuel prices, softer demand, lower fares
Ryanair downgraded by HSBC after airline posts lowest profit in four years
HSBC cut its rating on the airline to ‘reduce’ from ‘hold’ and lowered its target price to €9.4 from €12
Ryanair nosedives as it predicts flat profits for 2020
The budget airline reported that its profit after tax for the year ended 31 March had fallen 29% to €1.02bn, with lower average fares and higher fuel bills cutting into its earnings
Investments and investor services
FTSE 100 closes in the red as trade tensions and Brexit confusion rumble on
The UK index of leading shares closed down nearly 38 points at 7,310
Ryanair and Wizz Air report double-digit traffic growth for April
Ryanair reported 13.5mln passengers across its group during the month, up 10% year-on year, while Wizz Air reported that its passenger numbers had risen 19% to 2.7mln
Boeing scraps guidance for 2019 as 737 MAX crisis sends costs soaring
The aircraft maker reported a 21% drop in earnings for the first quarter, while the grounding of its bestselling aircraft and a stoppage of deliveries racked up US$1bn in extra costs
Thomas Cook: From Loughborough railways to potential unravelling
Despite expanding from humble beginnings in 1841, the travel operator is now beset on all sides by encroaching rivals while also trying to keep up with changes in consumer behaviour
Wizz Air soars on upbeat trading update as both it and Ryanair report traffic growth in March
For the financial year ended 31 March 2019, Wizz said it expected net profits to be in the “upper half” of its guidance range of between €270mln-€300mln
Airline stocks see red after cautious outlook from easyJet fuels Brexit concerns
“EasyJet’s warning about softer ticket prices has sent shockwaves across the airline industry ...” said AJ Bell's Russ Mould
TUI shares nosedive as it warns 2019 earnings could fall by over a quarter due to grounding of Boeing 737 MAX aircraft
The travel firm said assuming the MAX planes were cleared to resume flights by mid-July at the latest, underlying EBITA for the current year would be around 17% lower than in 2018, however, if the planes were grounded for longer the figure
Ryanair fleet renewal programme in doubt as Garuda Indonesia becomes first airline to cancel orders for Boeing Co 737 Max 8
The Irish airline currently has 110 orders for the MAX 200, a high-capacity version of the MAX 8, with options on 100 more
easyJet says it “stands ready” to suspend non-EU shareholders amid ‘no deal’ Brexit jitters
The FTSE 100 budget carrier said it had now upped its EU ownership to 49.92%, just shy of the 50% threshold that it would need to keep operating inside the EU post-Brexit
Boeing bows to pressure and grounds all 737 MAX’s after US bars aircraft
The aircraft maker said it had decided to ground the 371 MAX planes due to “an abundance of caution” and to reassure the public of the safety of its aircraft
US gives Boeing some respite as it refuses to suspend 737 MAX 8 flights
None of the data received from other aviation authorities would warrant it taking such action, the FAA said
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Could other firms potentially bar British shareholders over a hard Brexit?
In February, IAG said it would put a cap on its number on non-EU investors, a move that was replicated on Tuesday by Ryanair, although the Irish carrier went further saying that in the event of a no-deal Brexit it would class UK-held shares
TUI confirms UK decision to ground all Boeing 737 MAX 8 aircraft following crashes
The travel firm said in a statement that any customers due to fly home as well as those scheduled to depart using the MAX 8, would be flown using different models
Ryanair among airlines heavily exposed to potential MAX 8 grounding
The budget carrier currently has around 110 orders for the MAX 200, a high-capacity version of the MAX 8, with options on 100 more to help grow its fleet
Ryanair and Wizz Air both report passenger growth of around 13% in February
For Ryanair, total passenger numbers in the month rose 13% year-on-year to 9.6mln with a load factor of 96%
Ryanair upgraded by SocGen which expects news flow and earnings momentum to improve
SocGen upgraded the Dublin-based carrier to ‘buy’ from ‘hold’ with an increased target price of €14, pointing to settled wage negotiation issues and discounts to its long-term average multiples