Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "Ryanair's"


25 mentions found


I flew with Ryanair, easyJet, and Wizz in a two-day trip to compare Europe's main budget airlines. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementRyanair, easyJet, and Wizz are Europe's three biggest budget airlines, but the experiences can be quite different. Last month, to compare the three airlines, I flew from London to Madrid with Ryanair, then on to Rome with Wizz, and back home with easyJet. This story is available exclusively to Business Insider subscribers.
Persons: , Wizz Organizations: Ryanair, easyJet, Service, Business Locations: London, Madrid, Rome
CEO Michael O'Leary is set for a $109 million bonus dependent on the company's stock price rising. He told the Journal it's "very good value for Ryanair shareholders" compared to star soccer players. AdvertisementThe CEO of ultra-low-cost airline Ryanair told The Wall Street Journal his potential $109 million bonus is "very good value" compared to star athletes. Mbappé, the captain of the French national team and arguably the best soccer player in the world, has agreed to a signing bonus of 150 million euros ($162 million) across five years with Real Madrid, the BBC reported. "The funny thing we've learned over the years is actually the bad publicity sells far more seats than the good," O'Leary told The Journal.
Persons: Michael O'Leary, , it's, O'Leary Organizations: Ryanair, Europe's, Service, Wall Street, Financial Times, Journal, Real, French national, Real Madrid, BBC Locations: Real Madrid
Back in 2022, it appeared to make light of social-media rumors about Prince William. Ryanair's former head of social said Kensington Palace asked for a tweet about William to be taken down. AdvertisementRyanair took down a viral X post after Kensington Palace complained, its former social media chief told the podcast "Creator Playbooks." "We actually started to put language in like 'Prince William' and all these things, and if we would have done that we were toast. Ryanair and Kensington Palace did not immediately respond to requests for comment from Business Insider.
Persons: Prince William . Ryanair's, William, , Selena Gomez's, Prince William, Michael Corcoran, Corcoran, we're Organizations: Ryanair, Service, Irish, Business Locations: Kensington,
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewEurope's biggest airline is buying up houses near its Dublin headquarters to rent out to new cabin crew, Ryanair said in a statement shared with Business Insider. This story is available exclusively to Business Insider subscribers. The move came as the capital faces a severe housing crisis that has left many unable to afford homes. "This accommodation, which is located one bus stop from Dublin Airport, will be rented at affordable rates to Ryanair cabin crew during their first year of employment," it added.
Persons: , Ann Graves, Michael O'Leary, Ryanair's Organizations: Service, Ryanair, Business, world's, Irish, Post, Dublin Airport Locations: Dublin
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewEurope's biggest airline is defending Boeing as the American manufacturer deals with the fallout from the Alaska Airlines blowout. Boeing has faced renewed scrutiny since a 737 Max 9 jet operated by Alaska Airlines lost its door plug in midair on January 5. "If United Airlines wants to delay or cancel any of their Max orders, Ryanair will be very happy to take them," he added. AdvertisementThe ultra-low-cost carrier currently has 300 Max 10 jets on order, compared to United's 150.
Persons: , Michael O'Leary, Dave Calhoun, Brian West, " O'Leary, Scott Kirby, O'Leary, Kirby, Ryanair's O'Leary, who's, Max, he'd Organizations: Service, Boeing, Alaska Airlines, Business, Ryanair, United Airlines —, CNBC, Kirby, United Airlines Locations: American
He's been CEO of European airline easyJet for the past six years. AdvertisementIn a parallel universe, Johan Lundgren would have become a professional musician and never ended up as CEO of one of the world's biggest airlines. "I like people, and I like travel," Lundgren tells Business Insider in a faint Swedish accent during an interview in central London. He spent many years at TUI, one of Europe's biggest travel companies, rising to deputy CEO by the time he left in 2015. AdvertisementIt's the UK's biggest airline and is first or second in many other markets too.
Persons: Johan Lundgren, He's, Lundgren, , Swede, easyJet, Charles de Gaulle, Charles de, It's, I've, didn't, Bob Jordan, EasyJet, Stelios Stelios Haji, he's, that's, Michael O'Leary, Filipo Monteforte, Ryanair's Michael O'Leary, O'Leary Organizations: easyJet, Service, Royal College of Music, Soviet Union, SAS, Southwest Airlines, Ryanair, British Airways, London Gatwick, Southwest, UK's, Airbus, Getty Locations: Britain, London, Stockholm, Leningrad, Russia, Soviet Union, Soviet, TUI, Majorca, Europe, Charles, Paris, Charles de Gaulle, easyJet, Ukraine, Sweden, Canada, Toronto, AFP
SummaryCompanies Fares up 24% during summer seasonProfit up 59% in six months to end-SeptemberFirst regular dividend of 400 mln eur due next yearDUBLIN, Nov 6 (Reuters) - Ryanair (RYA.I) on Monday forecast a record annual profit and promised to pay investors a regular dividend for the first time after fares soared 24% during the summer season. Europe's largest airline by passenger numbers said it expects an after-tax profit of between 1.85 billion and 2.05 billion euros for the year to end-March, easily beating its previous record of 1.45 billion euros in 2018. "We're pleased to report strong half year results ... due to a very strong Easter, record summer traffic," Group Chief Executive Michael O'Leary said in a video presentation. A maiden ordinary dividend of 400 million euros will be split between an interim payment of 200 million euros in February and a final dividend of 200 million euros in September next year. For subsequent financial years Ryanair plans to return approximately 25% of the after-tax profit posted the previous year by way of an ordinary dividend, the airline said.
Persons: We're, Michael O'Leary, Neil Sorahan, Sorahan, Conor Humphries, Simon Cameron, Moore, Kirsten Donovan Organizations: Ryanair, Europe's, Irish, Boeing, MAX, Thomson Locations: DUBLIN, Europe
France, where Ryanair serves cities such as Marseille and Bordeaux, has floated proposals for a minimum ticket price in an effort to reduce pollution from aviation. The French price proposal, which EU officials said has drawn some support from the Netherlands and Belgium, got short shrift from senior Ryanair executive Eddie Wilson. Having established a strong position in large parts of Western Europe, Ryanair is now looking east to countries such as Poland for further growth. Europe's main airlines lobby group expressed relief and called on more European coordination to support the sector. Lufthansa CEO Carsten Spohr has said a stronger ITA will reinvigorate competition in the Italian market but Ryanair's Wilson is unperturbed, describing ITA as a sideshow.
Persons: Eddie Wilson, Wilson, Andrea Giuricin, Giorgia, Giuseppe Cocuzza, Ourania Georgoutsakou, Carsten Spohr, Ryanair's Wilson, Rome Fiumicino, Sacbo, Angelo Amante, Keith Weir, Joanna Plucinska, Emelia Sithole Organizations: Ryanair, Europe's, European Union, Ryanair DAC, Alitalia, TRA Consulting, European Commission, Airlines for, ITA, Lufthansa, Cortina d'Ampezzo, Thomson Locations: Italy, ROME, France, Marseille, Bordeaux, Sicily, Sardinia, Netherlands, Belgium, Europe, Western Europe, Poland, Rome, Catania, Airlines for Europe, Bergamo, Milan, Malpensa, Brescia, London
"Whenever we come up against Wizz, we tend to have significantly lower fares and have much lower costs," he said. As an example of the strategy, he cited Albania, where Ryanair plans to open 25 new routes this winter to take on Wizz (WIZZ.L) in its eastern European heartland. According to data analysis firm IBA, low-cost carriers have over 59% of the aviation market in Poland, up from 31% in 2021. He added that Buzz and Ryanair were mainly focused on regional airports, like Modlin outside Warsaw or Katowice near Krakow. Poland and eastern Europe's lighter regulatory requirements, lower environmental scrutiny and poor rail connections make them appealing markets by comparison.
Persons: Wizz, Michael O'Leary, Jozsef Varadi, Varadi, Jamie Lindsay, Michal Kaczmarzyk, Buzz, Dan Taylor, Kaczmarzyk, O'Leary, Tim Hepher, Mark Potter Organizations: Ryanair, WARSAW, Wizz Air, Reuters, Wizz, Artemis Investment, LLP, Chopin, IBA Insight, Thomson Locations: Poland, PRAGUE, Europe, Ireland, Italy, Albania, Hungary, Warsaw, Modlin, Katowice, Krakow, Polish, France, Ukraine, Poland's
Facing fares row, Ryanair hit by new antitrust probe in Italy
  + stars: | 2023-09-20 | by ( ) www.reuters.com   time to read: +2 min
Ryanair said on Wednesday that internal Italian flights to Sicily would be cut by 10% in its latest winter schedule, blaming the government's planned price cap. Eddie Wilson, the chief executive of Ryanair DAC, the biggest airline in the Ryanair group, said the airline opposed the measure despite the modification. During a visit to Sicily, Wilson contrasted Ryanair's expansion of foreign flights to and from the island with the reduction on domestic routes. "Italian domestic growth has sadly been negatively impacted by the Italian government's unlawful price cap decree to restrict airlines’ freedom to set low air fares," Wilson said in a statement. Ryanair has already reduced its domestic schedule for flights to Sardinia over the winter.
Persons: International Eleftherios Venizelos, Alkis, Eddie Wilson, Wilson, Alvise Armellini, Keith Weir, Cristina Carlevaro, Jason Neely, Barbara Lewis Organizations: Ryanair, Company, Europe's, International Eleftherios, REUTERS, Ryanair DAC, Thomson Locations: Italy, Sicily, ROME, Athens, Greece, Sardinia
A Ryanair passenger fell down the aircraft steps while disembarking and broke her leg, per El Periódico. The budget airline has been ordered to pay her $33,000 in compensation. Local outlet Diario de Seville reported that the woman was holding the staircase handrail and carrying luggage when she suffered the "horrendous fall." That allows for the budget airline to save on airport fees for jet bridges or stair cars. But the judge at the Commercial Court of Seville said the Ryanair plane's staircase "was especially narrow and steep," per El Periódico.
Persons: El Periódico Organizations: Ryanair, Service, Irish, Spanish, Diario, Seville, Boeing, Europa Press, Montreal Convention Locations: El, Wall, Silicon, deplaning, Seville, Alicante, Spain
"For many people, the pandemic is now over, and this is time now for travelling far from home," said Corinne Martin, fund manager at Ofi Invest in Paris. The point at which China announced the end of health restrictions in 2022 was probably the best moment to jump into travel stocks. They remain buyers, noting how at 11 times 2024 earnings, the stock displays an unjustified discount and prices no growth. "Now, vacation budget is no more a variable families adjust," said Jerome Schupp, fund manager at Prime Partners in Geneva. European travel and leisure earnings are seen rising 63% this year and 23% in 2024, according to Refinitiv Datastream.
Persons: Corinne Martin, Ofi's Martin, Martin, Goldman Sachs, Jerome Schupp, Schupp, Cristina Matti, Andrea Scauri, Lastminute, Refinitiv, Lucy Raitano, Conor Humphries Organizations: MILAN, Ofi Invest, Paris . Airlines, Royce, World Tourism Organization, China, Traders, Paris Olympics, UEFA European Football, Ryanair, Europe's, Prime Partners, Visa, Air, Thomson Locations: Paris, Europe, Germany, Geneva, Air France, Lemanik, London
Privacy group challenges Ryanair's use of facial recognition
  + stars: | 2023-07-27 | by ( ) www.reuters.com   time to read: +2 min
DUBLIN, July 27 (Reuters) - Digital rights group NOYB on Thursday filed a complaint against Ryanair (RYA.I), alleging that it is violating customers' rights to data protection by using facial recognition to verify their identity when booking through online travel agents. NOYB, led by Austrian privacy activist Max Schrems, filed the complaint with Spain's data protection agency on behalf of a complainant who booked a Ryanair flight through the Spanish-based online travel agency eDreams ODIGEO. The low-cost carrier said the steps are required to manage the passenger's booking, online check-in and to comply with safety and security requirements. NOYB has successfully launched privacy challenges against some of the world's largest multinational companies across the European Union under the bloc's General Data Protection Regulation (GDPR), introduced in 2018. NOYB alleged that Ryanair's verification procedures are not valid under the GDPR because it does not provide comprehensible information about the purpose of the "intrusive process."
Persons: NOYB, Max Schrems, eDreams ODIGEO, Padraic Halpin, Louise Heavens Organizations: DUBLIN, Ryanair, Irish, European Union, Data Protection, Thomson Locations: Austrian, Spanish
Ryanair cautious about winter travel after quarterly profit soars
  + stars: | 2023-07-24 | by ( ) www.cnbc.com   time to read: +3 min
Ryanair on Monday struck a cautious tone about travel demand for the rest of the year and cut its passenger growth forecast due to Boeing delivery delays after its quarterly profit flew past pre-pandemic levels. Ryanair shares, up 26% so far this year on the back of a post-pandemic travel boom, were 4.3% lower at 15.74 euros in early trade. That compared to 170 million euros a year ago when the travel rebound began and beat the previous high for the first quarter of its fiscal year, 397 million euros in 2017. A company poll of analysts had expected a 620 million euro profit. Ryanair said it remained cautiously optimistic about a modest increase in full-year profit and that it hoped to be in a position to provide more meaningful guidance in November.
Persons: Michael O'Leary, " O'Leary, O'Leary, AeroSystems, Neil Sorahan, Sorahan Organizations: Ryanair, Boeing, Irish, Reuters, easyJet Locations: Europe
Earlier in the day, Australia's central bank held interest rates steady, but reiterated its warning that further tightening might be needed to cool prices. However, a 2.7% increase in real estate stocks (.SX86P) helped keep the STOXX 600 steady, while healthcare stocks (.SXDP) rebounded from the previous day's sharp declines. Travel and leisure (.SXTP) stocks edged higher as Irish airline Ryanair's(RYA.I) upbeat monthly traffic numbers helped sentiment for the sector. Britain's second-largest supermarket group Sainsubury (SBRY.L) fell 1.8% as fierce competition in the sector took shine off its robust quarterly sales. German chip firm Aixtron (AIXGn.DE) dropped 0.5% after China said it will control exports of some metals widely used in the semiconductor industry.
Persons: Michael Hewson, Stuart Cole, Amruta Khandekar, Shreyashi Sanyal, Dhanya Ann Thoppil, David Gregorio Our Organizations: U.S, Independence, CMC Markets, EU, Fed, ECB, European Central Bank, Equiti, Wall, Thomson Locations: China, U.S, Bengaluru
Comparing airline prices, fees, and schedules on your own has become standard procedure. And they've introduced a complex system of additional fees, often hidden, for services that used to be included in the ticket price. In order to give that flight the appearance of being on-time, the airline might list the flight duration as three hours. This practice allows airlines to improve their on-time performance and reduce the risk of delays while ultimately boosting cost efficiency. Since everyone became their own travel agent and airlines began fiercely competing over price and on-time performance, airlines have shifted their focus.
Persons: They've, Itai, Eugene Orlov, it's, Orlov, Vinayak Deshpande, Mazhar Arıkan, Jan, Van Mieghem, Yuval Salant, Dennis J, Zhang, Louis, Gad Allon, Jerome Fisher Organizations: Google, Airline Industry, Tel Aviv University, Spirit Airlines, Ryanair, University of North, University of Kansas, Northwestern University, Washington University, Jerome Fisher Program, Management, Technology, Wharton School, University of Pennsylvania Locations: Ater, US, Ireland, University of North Carolina, St
[1/2] FILE PHOTO-General view of the Ryanair logo at their headquarters in Dublin, Ireland, September 16, 2021. "We want to focus very much on this region," Alicja Wojcik-Golebiowska, the CEE and Baltics country manager for Ryanair told Reuters in an interview. "We see that central and eastern Europe was a little bit left behind in last years. Hungarian budget airline Wizz Air will be its main competitor as it offers similar cheap fares, as well as connections to the Middle East. She said the company was also aiming for a dominant position in countries like Romania, Bulgaria and Hungary.
Persons: Golebiowska, Alan Charlish, Joanna Plucinska, Mark Potter Organizations: Ryanair, REUTERS, Wizz Air, Europe's, Boeing, Reuters, Wizz, Irish, Airlines, Thomson Locations: Dublin, Ireland, WARSAW, Europe, Poland, Spain, Italy, Romania, Bulgaria, Hungary, Warsaw, London
Ryanair fired its chief pilot after an investigation found he'd harassed junior female pilots. The chief pilot called the investigation a "witch hunt," The Times reported. Ryanair fired its chief pilot after an investigation found "a pattern of repeated inappropriate and unacceptable behavior towards a number of female junior pilots," multiple news organizations reported. As the Irish airline's chief pilot, Murray was responsible for flight crew training and safety, flight coordination, and managing personnel. The Times reported that the investigation began following an anonymous complaint late last month in which Murray was accused of grooming four junior female pilots.
Persons: Aidan Murray, Murray, Murray didn't, he'd Organizations: Ryanair, Times, Morning, The Times, Irish, Telegraph Locations: London
Ryanair posts near record FY profit, summer demand robust
  + stars: | 2023-05-22 | by ( ) www.reuters.com   time to read: +2 min
DUBLIN, May 22 (Reuters) - Ryanair (RYA.I) on Monday posted a near record profit of 1.43 billion euros ($1.57 billion) in the year to end-March and said it was cautiously optimistic that profits would rise modestly in the next 12 months, with summer demand notably robust. The low cost carrier flew a record 168.6 million passengers in the year through March 31, beating its previous annual record of 149 million reached before the pandemic. Ryanair hiked its after-tax profit forecast to 1.325 billion to 1.425 billion euros in January after stronger than expected Christmas traffic and fares. The final number compared with a forecast of 1.398 billion euros in a company poll of analysts. It made a loss of 355 million euros in the previous pandemic-hit financial year and the turnaround came close to topping the record 1.45 billion euro profit Ryanair made in the year to March 31, 2018.
Ryanair reported a bumper full-year profit for 2022/23 on the back of resurgent traffic and favorable oil hedges. Ryanair on Monday posted a full-year net profit of 1.43 billion euros ($1.55 billion), aided by resurgent traffic and fares, along with favorable oil hedging positions. The Irish low-cost carrier reported a 74% increase in full-year traffic to 168.6 million customers, while fares were up 10% on pre-Covid levels. $64bbl) contributed significantly to the final FY23 profit outcome, saving the Group over €1.4bn," CEO Michael O'Leary said in Monday's earnings report. But he said Ryanair is confident it can cover the cost increase and grow profits "modestly" on a year-on-year basis.
BRUSSELS, May 10 (Reuters) - Lufthansa (LHAG.DE) suffered a setback on Wednesday after Europe's second-highest court sided with Ryanair (RYA.I) and annulled a European Union competition regulator's decision clearing its state bailout. The court also ruled in Ryanair's favour on Wednesday against pandemic state aid measures for SAS (SAS.ST), saying recapitalisation measures did not include sufficient measures to incentivise the Swedish and Danish governments to exit quickly. "We have seen the ruling by the General Court in the EU and will now review the content of the ruling as well as possible ways to proceed. Lufthansa and several other European airlines received state aid following a protracted travel slump due to the COVID-19 pandemic, all of which were approved by the EU executive subject to conditions. The Commission can appeal to the Court of the Justice of the European Union, Europe's highest, on points of law.
The court sided with Ryanair (RYA.I) in annulling the EU's decision clearing the German government's 6-billion-euro ($6.6 billion) rescue package for Lufthansa. EU Competition Commissioner Margrethe Vestager said she was analysing the rulings as a matter of urgency, aware of the uncertainty on the market. "While it is too early to give any indication as to what the appropriate course of action may be, at this stage all options are on the table," Vestager said in a statement. "There is no immediate and direct link between today's judgments and the ongoing work on the future restructuring of SAS." Reporting by Foo Yun Chee, Writing by Gabriela Baczynska, Editing by Chris ReeseOur Standards: The Thomson Reuters Trust Principles.
PARIS, May 9 (Reuters) - Ireland's Ryanair (RYA.I) is set to bury the hatchet with its exclusive supplier and place a multi-billion-dollar order for Boeing jets on Wednesday, ending an 18-month spat over prices. Boeing (BA.N) said it would make a "major announcement" at 1300 GMT, but gave no further details. The 737 MAX sells for up to $131 million at list prices but typical discounts run at more than 50% and details of final pricing are confidential. But the bond between Ryanair and Boeing loosened following the pandemic as low-cost carriers expanded markets. But he has pledged not to overpay for the 30 extra seats, telling Reuters in March he was also looking at more orders of the 200-seat 737 MAX 8200.
A Ryanair Boeing 737 MAX 8 aircraft as seen flying, landing and taxiing at Eindhoven Airport EIN. Ryanair said it plans to buy at least 150 Boeing 737 10 Max planes with options for 150 more. Ryanair stopped negotiations for a big Max order in September 2021 because of a dispute over pricing. Ryanair's CEO, Michael O'Leary, said the new planes will replace older 737 jets in its fleet. Boeing's next challenge is ramping up production of the 737 Max.
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBoeing and Ryanair CEO on massive Ryanair order for Boeing 737-Max-10sMichael O’Leary, Ryanair, and David Calhoun, Boeing, join 'Squawk on the Street' to discuss Ryanair's recent order from Boeing, Calhoun's thoughts on the Boeing 737-Max-10 and more.
Total: 25