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☆ Train fares are up to 30 times more expensive than planes in Europe
▼ + stars: | 2023-07-20 | by ( Julia Buckley | ) edition.cnn.com time to read: +5 min

CNN —As Europe swelters in a heat wave, and the climate crisis accelerates, many travelers are looking towards trains rather than polluting planes. According to a new report, taking a long-distance train in Europe can cost nearly 30 times as much as flying. The report, compiled by environmental campaign group Greenpeace, compared the cost of flight and train tickets on 112 European routes on nine different dates. Train tickets were double the cost of flying, on average, while train journeys from the UK to Europe, which involves taking the often-expensive Eurostar to the continent, were four times the price of flying on average. “Governments must remove airlines’ tax exemptions, such as from fuel taxes and VAT, as well as reduce rail tracks tolls.

Persons: Matteo Mirolo, Lorelei Limousin, ” Victor Thévenet Organizations: CNN, Greenpeace, Eurostar, Ryanair, European Environment Agency, Airlines, Transport, Environment, Transport & Environment, “ Airlines, International Air Transport Association Locations: Europe, Spain, London, Barcelona, Belgium, France, Italy, Edinburgh, EU, Greece

☆ Factbox: Europe's ongoing strike-related travel disruptions
▼ + stars: | 2023-07-10 | by ( ) www.reuters.com time to read: +4 min

The travel industry is on high alert for disruption after Europe's peak season last year was hit by cancellations, causing chaos at airports. This summer, air traffic control issues are likely to be the weak spot, according to warnings from Eurocontrol, which manages European airspace. Heathrow Airport security workers on June 23 called off 31 days of strikes planned at Britain's busiest hub. At Birmingham Airport, around 100 security officers and terminal technicians will begin continuous strike action from July 18. The strikes will severely impact the airport's security and terminal maintenance, leading to flight delays, the Unite union said.

Persons: Hannah McKay, Tiago Brandao, Pierre John Felcenloben, Antonis Triantafyllou, Milla Nissi Organizations: British Airways, Heathrow Airport, REUTERS, BELGIUM Ryanair, BRITAIN, Heathrow, Birmingham Airport, Glasgow, FRANCE Air, ATC, Nantes, Ryanair, Reuters, SPAIN Pilots, Iberia Regional Air Nostrum, Air Nostrum, Air Europa, Swedish Transport Workers, Union, Geneva, Thomson Locations: London, Britain, BELGIUM, Belgium, Charleroi, Europe, Gatwick, France, Paris, Orly, Lyon, Marseille, Nice, Toulouse, Bordeaux, ITALY, PORTUGAL, Portugal, Iberia, Spain, SWEDEN

☆ Qatar Airways reports record revenues, bolstered by FIFA World Cup
▼ + stars: | 2023-07-06 | by ( Hannah Ward-Glenton | ) www.cnbc.com time to read: +1 min

Qatar Airways announced record annual revenue Thursday after the company's finances were bolstered by the FIFA World Cup, which was hosted in Qatar last year. Qatar Airways Group reported that passenger revenue was up 100% during its fiscal year 2022/23, with overall revenue up to 76.3 billion Qatari riyals ($21 billion). A total of 31.7 million passengers flew with Qatar's flagship carrier in the last year, which was up 71% compared to the previous year. The World Cup provided a considerable boost to Qatar's passenger figures, with the airline transporting 1.4 million passengers to the event. Qatar Airways received a $1.95 billion government bailout in September 2020 after the state-owned group reported annual losses of more than 50% of its share capital.

Organizations: Qatar Airways, FIFA, Qatar Airways Group, Qatar's, Emirates, Ryanair, British Airways Locations: Qatar, lockstep

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

☆ How the Internet Made Flying, Flight Delays, Hidden Airline Fees Worse
▼ + stars: | 2023-07-03 | by ( Gad Allon | ) www.businessinsider.com time to read: +12 min

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

☆ Ryanair aiming for at least 50% growth in east, central Europe
▼ + stars: | 2023-06-27 | by ( Alan Charlish | ) www.reuters.com time to read: +2 min

[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

☆ AWS is investing $100 million in generative A.I. center in race to keep up with Microsoft and Google
▼ + stars: | 2023-06-22 | by ( Jordan Novet | ) www.cnbc.com time to read: +4 min

But the announcement shows that Amazon Web Services recognizes the significance of the current moment in generative AI and the importance of being in the conversation, alongside rivals Microsoft and Google . However, those rivals have had splashier entrances into generative AI, even though Amazon has drawn broadly on AI for years to show shopping recommendations and operate its Alexa voice assistant. For Amazon, that momentum applies to its Bedrock generative AI service and its Titan models as well as the new innovation center. Really, you need the cloud for generative AI." Also, the way Selipsky sees it, AWS provides a measure of credibility in offering generative AI that eludes others in the space.

Persons: OpenAI, Adam Selipsky, Selipsky, isn't, Jeff Bezos, we're, I've Organizations: Web Services, Microsoft, Google, CNBC, RyanAir, Lonely, Amazon, Nvidia, Fortune, FTC Locations: Twilio

☆ The world’s best airlines for 2023, according to Skytrax
▼ + stars: | 2023-06-20 | by ( Maureen O'Hare | ) edition.cnn.com time to read: +4 min

Now, for the fifth time in the accolades’ 23-year history, it’s been named best airline in the prestigious Skytrax World Airline Awards 2023. The Qatar flag carrier bossed it in business class, with wins for World’s Best Business Class, World’s Best Business Class Seat, World’s Best Business Class Lounge (the Al Mourjan lounge at Hamad International Airport), World’s Best Business Class Lounge Dining and Best Airline in the Middle East. Scoot was the World’s Best Long-Haul Low-Cost Airline and Volotea won out in the very competitive Best Low-Cost Airline in Europe category. Garuda Indonesia’s cabin staff were voted the world’s best, Cathay Pacific won World’s Best Inflight Entertainment and Bangkok Airways was once again the World’s Best Regional Airline. Delta Air Lines was named Best Airline in North America, with the Best Airline Staff Service for the region, while Sun Country Airlines was named Best Low-Cost Airline in North America title for the first time Alaska Airlines was North America’s Best Regional Airline.

Persons: it’s, ”, Edward Plaisted, Goh Choon Phong, –, Al, Scoot, Volotea Organizations: CNN, Singapore Airlines, Air and Space Museum, Paris Air, SIA, Qatar Airways –, Japan’s ANA All Nippon Airways, Emirates, Japan Airlines, Qatar, World’s, Hamad International Airport, ANA, World’s Best, Services, Kuwait Airways, AirAsia, Air Canada, Cathay Pacific, Entertainment, Bangkok Airways, . Delta Air Lines, Best Airline Staff Service, Sun Country Airlines, Alaska Airlines, Airlines, Qatar Airways, ANA All Nippon Airways, Turkish Airlines, Air, Cathay, Korean, Hainan Airlines, Int’l Air, Etihad Airways, Iberia, Fiji Airways, Qantas Airways, British Airways, Air New Zealand, Delta Air Lines, Garuda, Thai Airways, Transavia, Southwest Airlines, Vueling, Ryanair, Jetstar Airways, Friendly, Virgin Atlantic Locations: Singapore, Europe, North America, Air France, Garuda Indonesia, Transavia France

☆ Ryanair fired its chief pilot after an investigation found he harassed junior female pilots and altered flight schedules to fly alongside them, reports say
▼ + stars: | 2023-06-16 | by ( Pete Syme | ) www.businessinsider.com time to read: +2 min

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

☆ UBS loves this low-cost global airline and expects its shares to rise 50% in the next year
▼ + stars: | 2023-06-16 | by ( Ganesh Rao | ) www.cnbc.com time to read: +2 min

UBS has upgraded Wizz Air to a buy rating, forecasting 50% growth in the pan-European airline's stock over the next 12 months. The London-listed company is a low-cost airline operating from nearly 40 airports and flying to over 50 countries. Wizz Air shares are already up by 50% this year, and UBS analysts expect the stock to increase by another 50% to £43 ($54.47) a share over the next 12 months. Deutsche Bank analysts raised their price target for Wizz Air to £37 but reiterated their "hold" rating on the stock. Deutsche analyst Jaime Rowbotham lowered the bank's forecast for the number of passengers flying Wizz Air next year by 3%, in contrast to its upgraded forecast for rival Ryanair , Europe's largest airline.

Persons: Jarrod Castle, Wizz, Jaime Rowbotham, Rowbotham Organizations: UBS, Wizz, Deutsche Bank, Wizz Air, Air, Ryanair, Europe's Locations: London, Central, Eastern, Swiss, Frankfurt, United States, Wizz

☆ Airlines body urges jetmakers to fix aircraft delivery delays
▼ + stars: | 2023-06-04 | by ( ) www.reuters.com time to read: +1 min

Airlines "are not concerned about the macroeconomic environment, they're concerned about the access to spare parts for their existing aircraft and the delivery of new aircraft. "It's frustrating because airlines can see strong demand, but they're not able to match supply with demand in many markets. Airbus (AIR.PA) and Boeing (BA.N) have blamed supply chains for delivery delays, while bottlenecks in a network of engine repair shops have also forced airlines to ground dozens of jets. The gathering comes two weeks before the Paris Airshow, where supply pressures are likely to overshadow new orders. Reporting by Tim Hepher, Joanna Plucinska and Aditi Shah; Editing by David HolmesOur Standards: The Thomson Reuters Trust Principles.

Persons: Adolfo Suarez, Isabel Infantes, Willie Walsh, it's, they're, Tim Hepher, Joanna Plucinska, Aditi Shah, David Holmes Organizations: Ryanair Boeing, Airbus, Adolfo Suarez Madrid, Barajas Airport, REUTERS, International Air Transport Association, Reuters, Boeing, Thomson Locations: Madrid, Spain, Isabel Infantes ISTANBUL, Istanbul, Airlines, Paris

☆ Air New Zealand has been ranked the best airline in the world, a study found. See which others made the top 10.
▼ + stars: | 2023-06-03 | by ( Beatrice Nolan | Marielle Descalsota | ) www.businessinsider.com time to read: +6 min

Air New Zealand has been ranked the best airline in the world by AirlineRatings.com. Air New Zealand has been ranked the best airline in the world by AirlineRatings.com, a website for airline safety and product reviews. Air New Zealand was ranked first for best economy class; Qatar Airways took the lead for business class; and Singapore Airlines was ranked the best first-class airline. Air New ZealandSafety: 7/7Product: 7/7Air New Zealand, or Air NZ, is headquartered in Auckland, New Zealand. Korean Air has an average score of 7.8/10 based on 60 AirlineRatings.com reviews.

Persons: Geoffrey Thomas, Taylor Rains, Johannes P, Virgin Atlantic Sir Richard Branson, Steve Parsons, Richard Branson, Emirates Yursi Abu Barak Organizations: Morning, Air New, Qatar Airways, Air, Zealand, Singapore Airlines, Delta, US, Ryanair, New Zealand, Air New Zealand Air, Air New Zealand, Air NZ, . Air NZ, Qatar Airways Qatar Airways, Etihad Airways, Etihad Airways Airbus, Etihad, UAE, Korean Air Korean, Airlines, Korean Air, Christo, Anadolu Agency, Getty Images, SIA, Qantas Qantas, Qantas Media Safety, Qantas, Virgin, Virgin Atlantic Boeing, Heathrow Airport, Virgin Atlantic, Delta Airlines, Cathay Pacific Airways Cathay, Boeing, Cathay, Nikkei, Emirates, Dubai . Emirates, UAE . Emirates Locations: Zealand, Air New Zealand, Europe, Air, Auckland , New Zealand, Doha, Qatar, Al Jazeera, Abu Dhabi, UAE, Seoul, South Korea, Bali , Indonesia, Singapore, Asia, Mascot, Australia, Virgin Australia, Crawley , England, Taoyuan City, Taiwan, East Asia, Cathay Pacific Airways Cathay Pacific, Hong Kong, Nikkei Asia, Dubai ., Emirates, Dubai

☆ An airline tried to charge a couple almost $100 to bring 2 small pastries on a plane, sparking fury among lawmakers, reports say
▼ + stars: | 2023-06-02 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +2 min

Ryanair reportedly tried to charge two passengers almost $100 to bring two small pastries onboard. Ryanair reportedly tried to charge a couple almost $100 to bring two small pastries onboard, saying the food exceeded their baggage limit. Negueruela called the airline and the country's local pastry-makers association to a meeting to discuss the incident, according to the Guardian. The news outlet reported that Negueruela said the meeting was called to "defend local produce and avoid any kind of discrimination." Under the airline's rules, only priority passengers can bring a small bag and larger cabin bags on board.

Persons: Iago Negueruela, Negueruela, Ensaïmadas Organizations: Ryanair, Guardian, ., Morning, Palma de Mallorca, The Locations: Spanish, Palma de, Mallorca, Balearic, Spain, Ireland

☆ 10 Things in Tech: Hype House for generative AI developers, why Apple is jumping into the metaverse, and a long-range, electric Toyota
▼ + stars: | 2023-06-02 | by ( Diamond Naga Siu | ) www.businessinsider.com time to read: +5 min

Like my fully-remote colleague Rebecca Knight, I miss sharing random thoughts with my colleagues. My colleague Darius Rafieyan breaks down the novel setup that's helping unprofitable startups raise money. In other news:Hacker Fellowship Zero is cultivating batches of tech developers, many who are jumping into the generative AI wave, per a New York Times report. Welcome home: A Hype House for generative AI developers. Generative AI has a Digital Blackface problem.

Persons: It's, I'm, Siu, Rebecca Knight, Rebecca, Rebecca Zisser, Darius Rafieyan, Simon McGill, Marc Benioff, Sam Altman, Altman, Mark Zuckerberg, Alistair Barr, GirlfriendGPT, bro, Putin, Diamond Naga Siu, Nathan Rennolds Organizations: Bank of America, New York Times, Getty, San, Toyota, Ryanair, Patryk, Software, VMware, Employees Locations: New Jersey, San Francisco, techies, New York, San Diego, London

☆ Video shows police hauling a Ryanair passenger off a flight after he was caught smoking in the plane's toilet
▼ + stars: | 2023-06-01 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +2 min

A man who was caught smoking in a toilet on a Ryanair flight was hauled off the plane by police. Ryanair confirmed the incident, which occurred on a flight from Spain to Manchester, UK. The man was "named and shamed" in front of all the passengers on the plane, a passenger told local media. A man was hauled off a Ryanair flight by police after he was caught smoking in the plane toilet by staff, the airline confirmed to Insider. "The crew of this flight from Palma to Manchester (30 May) called ahead for police assistance after a passenger was found smoking onboard," Ryanair told Insider in a statement.

Persons: they'd Organizations: Ryanair, Manchester Evening News, Manchester Airport Locations: Spain, Manchester, Palma, Mallorca, England, Ireland, Europe

☆ Belarusian Dissident Who Was Removed From Diverted Ryanair Flight Is Pardoned
▼ + stars: | 2023-05-22 | by ( Georgi Kantchev | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/belarusian-dissident-who-was-removed-from-diverted-ryanair-flight-is-pardoned-f144063b

☆ 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.

☆ Why ChatGPT could spark a new bull market
▼ + stars: | 2023-05-22 | by ( Phil Rosen | ) www.businessinsider.com time to read: +5 min

Phil Rosen here, still poking around OpenAI's new ChatGPT iPhone app. The rise of ChatGPT and subsequent AI boom could solidify the recent strength in stocks as a new bull market, according to market veteran Ed Yardeni. In a recent note, the strategist said equities' strong start to the year isn't just a bear market rally, but that it indeed marks a new bull regime. If the Fed mistakenly pauses and then resumes hiking as inflation persists, the music could stop for high flying AI stocks. Mega-cap tech stocks are "overbought" and their rally could stall out soon.

☆ Belarus Pardons Opposition Activist Who Was Hauled Off a Ryanair Flight, State Media Says
▼ + stars: | 2023-05-22 | by ( Matthew Mpoke Bigg | Ivan Nechepurenko | ) www.nytimes.com time to read: +1 min

Belarus has pardoned an opposition activist who was arrested in 2021 after the Belarusian government forced the landing of a commercial flight he had been on that was transiting its airspace, state media reported on Monday. The activist, Roman Protasevich, 28, was the editor of Nexta, a channel on the Telegram messaging app that was instrumental in organizing mass protests against President Aleksandr G. Lukashenko after his disputed election victory in 2020. The details of Mr. Protasevich’s arrest drew international attention. A Belarusian court in May sentenced Mr. Protasevich to eight years in prison for crimes including acts of terrorism and insulting the president. But on Monday, Belta, the Belarusian state news agency, reported that Mr. Protasevich had told journalists he had been pardoned, calling it “great news.”Such leniency for someone who had been an active member of the opposition is unusual in Belarus, where, during nearly three decades in power, Mr. Lukashenko has a longstanding pattern of silencing dissent and violently suppressing opponents.

☆ Ryanair reports bumper profit on 'favorable' fuel hedges, sees major industry consolidation
▼ + stars: | 2023-05-22 | by ( Elliot Smith | ) www.cnbc.com time to read: +2 min

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.

☆ Ryanair CFO predicts European airline consolidation as fuel hedging drives bumper profit
▼ + stars: | 2023-05-22 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRyanair CFO predicts European airline consolidation as fuel hedging drives bumper profitNeil Sorahan, chief financial officer at Ryanair Group, discusses the outlook for Europe's aviation market and the Irish low-cost carrier's strong full-year earnings report.

☆ Travel is seen 'much more as a necessity' now than a luxury, says Ryanair CEO Michael O'Leary
▼ + stars: | 2023-05-22 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTravel is seen 'much more as a necessity' now than a luxury, says Ryanair CEO Michael O'LearyRyanair Group CEO Michael O’Leary joins 'Squawk Box' to discuss company's full year results, summer travel season, and more.

☆ Belarusian blogger arrested on Ryanair flight pardoned - state media
▼ + stars: | 2023-05-22 | by ( ) www.reuters.com time to read: +1 min

MOSCOW, May 22 (Reuters) - Roman Protasevich, the Belarusian opposition blogger arrested in 2021 after his Ryanair overflight was forced to land in Minsk, was pardoned on Monday, the Belarusian state news agency BelTA reported. "I have literally just signed all the relevant documents stating that I have been pardoned," BelTA quoted Protasevich as telling reporters. Protasevich had been sentenced to eight years in prison this month for offences including inciting terrorism, organising mass disturbances and slandering Belarusian President Alexander Lukashenko. A clampdown around the time of the election resulted in all significant opposition figures being jailed or driven into exile. After his arrest, Protasevich was shown on state television tearfully confessing to involvement in anti-government protests and plotting to topple Lukashenko.

☆ Pent-up demand promises record tourist season for southern Europe
▼ + stars: | 2023-05-19 | by ( Giselda Vagnoni | ) www.reuters.com time to read: +6 min

What's more, there appears to be growing demand for the luxury end of the spectrum. Portugal registered more than 2.8 million of foreign visitors from January to March, the best first quarter on record, according to official data. Airlines such as Lufthansa, easyJet and Ryanair have confirmed robust summer bookings while Ryanair, in anticipation of strong demand, has just ordered 150 new 737 Max-10s and optioned another 150. Italian travel and tourism company Alpitour forecasts turnover 30% higher this year. "We already see a very strong demand to book Christmas holidays in 2023.

☆ EasyJet confident on summer as bookings soar
▼ + stars: | 2023-05-18 | by ( ) www.reuters.com time to read: +1 min

LONDON, May 18 (Reuters) - British airline easyJet <EZJ.L> said it was confident ahead of the summer season, when it makes all its profit, helped by strong booking levels, higher ticket prices and the growth of its holidays business. Europe's major airlines including its biggest, Ryanair (RYA.I) plus Lufthansa (LHAG.DE) and British Airways-owner IAG (ICAG.L) have all pointed to robust summer bookings, showing consumers prioritising travel spend despite incomes being squeezed by inflation. For the six months to the end of March, easyJet on Thursday reported a pretax loss of 411 million pounds ($519 million), compared to the forecast it provided in April for a loss of between 405 million and 425 million pounds. Ahead of the key summer season, easyJet noted its operational resilience, suggesting it was ready for the pick-up in travel, unlike last year, when flights across Europe were disrupted by staff shortages and cancellations. For the full-year, analysts currently expect easyJet to post a pretax profit of 345 million pounds according to Refinitiv data.

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