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☆ Spain slaps $187 million fine on Ryanair, EasyJet and others for 'abusive' cabin luggage fees
▼ + stars: | 2024-11-22 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +4 min

Spain's Ministry of Consumer Rights on Friday slapped a $179 million euro ($186 million) fine on five low-budget airlines for "abusive practices" including charging additional cabin luggage fees. Spanish low-cost airline Vueling was ordered to pay 39.2 million euros and EasyJet was fined 29 million euros. Scandinavia's second-largest airline Norwegian and Spanish airline Volotea each received penalties in excess of 1 million euros. The five airlines should discontinue their practice of requiring additional payment for cabin luggage and reserving a seat near a dependent traveler, the ministry said. "We completely disagree with the decision of the Spanish Consumer Ministry and find the proposed sanctions outrageous," an EasyJet statement said, stressing it considers its cabin luggage policy to be aligned with all applicable laws.

Persons: Vueling, EasyJet, Javier Gandara, Michael O'Leary Organizations: Ministry of Consumer Rights, Ryanair, Spanish, Spain's Association of Airlines, CNBC, Ministry of Consumer, ALA, Spain's Consumer Affairs Ministry, Governments, Spanish Consumer Ministry, Boeing, International Air Transport Association Locations: Spain, Europe

☆ One of Boeing's biggest customers leveled fresh criticism over ongoing 737 Max delivery delays
▼ + stars: | 2024-11-04 | by ( Polly Thompson | ) www.businessinsider.com time to read: +4 min

Ryanair, Europe's biggest airline, repeatedly criticized Boeing in its latest earnings report. The airline said that this increase came "despite repeated Boeing delivery delays." Related Video"Many customers are switching to Ryanair for our lower air fares," Ryanair's CEO Michael O'Leary said. Ryanair CEO Michael O'Leary has been one of Boeing's harshest critics in recent months. Related stories"While we continue to work with Boeing leadership to accelerate aircraft deliveries ahead of peak S.25, the risk of further delivery delays remains high," the CEO added.

Persons: —, Michael O'Leary, O'Leary, Yves Herman Ryanair, machinists, Kelly Ortberg, Tim Clark, Scott Kirby Organizations: Ryanair, Europe's, Boeing, Service, REUTERS, Alaska Airlines, Emirates, United Airlines Locations: Alaska

☆ Ryanair CEO Michael O'Leary: Boeing delays are good for business as a shareholder, but bad as CEO
▼ + stars: | 2024-11-04 | 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 EmailRyanair CEO Michael O'Leary: Boeing delays are good for business as a shareholder, but bad as CEORyanair Holdings Group CEO Michael O’Leary joins 'Squawk Box' to discuss the company's earnings results, impact of Boeing's strike, growth outlook, and more.

Persons: Michael O'Leary, Michael O’Leary Organizations: Boeing, Ryanair Holdings

☆ European markets head for mostly positive open as traders gear up for U.S. election
▼ + stars: | 2024-11-04 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +1 min

European markets are expected to start the week on a mostly positive note Monday, with all eyes on Tuesday's presidential election in the U.S. Earnings are set to come from BioNTech and Ryanair and data releases include European manufacturing purchasing managers' index data. Global market aftershocks may hinge heavily on which party takes control of Congress as a result of the vote. If control of the U.S. House of Representatives and Senate is divided, it would likely mean a maintaining of the status quo. Asia-Pacific markets rose Monday, while U.S. stock futures were mixed in overnight trading Sunday.

Persons: Germany's DAX, Donald Trump, Kamala Harris Organizations: U.S, France's CAC, IG, Ryanair, NBC, Global, U.S . House, Republican, Democratic Locations: BioNTech, Asia, Pacific

☆ Boeing delays are wreaking havoc with the airline industry's plans, and flyers may well feel the pain
▼ + stars: | 2024-10-17 | by ( Pete Syme | ) www.businessinsider.com time to read: +4 min

Several airlines have criticized Boeing for delivery delays. Ryanair CEO Michael O'Leary told Reuters Wednesday that the airline is likely to cut its traffic growth expectations for next year as it predicts delivery delays. Also on Wednesday, at an Irish think tank event, the head of the world's foremost airline trade group spoke out about delivery delays. AdvertisementLast Friday, Boeing announced further delays to its 777X jet, with its first delivery pushed from 2025 to 2026. AdvertisementThe Boeing 777X was delayed again last week, leading to sharp criticism from the boss of Emirates, one of Boeing's biggest customers.

Persons: Michael O'Leary, —, O'Leary, Willie Walsh, Walsh, Tim Clark, GIUSEPPE CACACE, I've, Carsten Spohr, Spohr Organizations: Boeing, Service, Ryanair, Reuters, International Air Transport Association, Guardian, Airbus . Supply, Alaska Airlines, Emirates, Business, Getty, Lufthansa, Airlines, Europe, Financial Times, BI Locations: Irish, AFP, Emirates

☆ Boeing's labor strike is so bad that the US Labor Secretary just flew to Seattle to help
▼ + stars: | 2024-10-15 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +4 min

Julie Su is in Seattle to mediate Boeing worker strike to resume negotiations. Boeing's strike began after workers rejected a 25% pay raise, demanding 40% and other benefits instead. AdvertisementBoeing's worker strike appears to be in such a stalemate that the US's top labor official flew to Seattle to mediate. In separate Monday meetings, Acting Secretary of Labor Julie Su urged both parties to move forward, the labor union for aerospace workers said in a statement. Su mediated a 75,000-person healthcare worker strike against Kaiser Permanente in October 2023.

Persons: Julie Su, Boeing's, —, Labor Julie Su, Su, Biden, Boeing Machinists Organizations: Boeing, Service, Labor, Anderson Economic Group, Reuters, Labour Union, International Association of Machinists, Aerospace Workers, Kaiser Permanente, United, Alaska Air, Emirates, RyanAir Locations: Seattle, Union, Gulf Coast, United Airlines

☆ Boeing delivers 33 jets in September but strike impact looms
▼ + stars: | 2024-10-08 | by ( Leslie Josephs | ) www.cnbc.com time to read: +1 min

Boeing delivered 33 airplanes in September, six more than during the same period a year earlier, as the company and its customers keep an eye on the impact of a machinist strike, now in its fourth week. Through September, Boeing has handed over 291 aircraft, well below the 371 it had delivered in the first nine months of 2023. Deliveries are key to Boeing. It's already burned through more than $8 billion this year since customers pay the bulk of the price when they receive the airplane. The two sides are back at the negotiating table this week, though the union dismissed a sweetened offer from Boeing last month.

Persons: machinists Organizations: Boeing, Airbus, United Airlines, Ryanair, Southwest Airlines Locations: Renton , Washington

☆ A Ryanair Boeing plane caught fire on a runway in Italy while taxiing for takeoff
▼ + stars: | 2024-10-04 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +2 min

A Ryanair flight in Italy was delayed after fumes were seen coming out of the aircraft. This comes just days after another Ryanair flight's tires burst while landing in Milan. AdvertisementA Ryanair flight in Italy caught fire as it was taxiing on the runway in an airport in southern Italy. Flight FR8826 from Brindisi to Turin, a city near Italy's border with France, caught fire on Thursday, according to CNN. "I think that both Airbus and Boeing, certainly Boeing, need to significantly improve quality control," O'Leary told the Financial Times.

Persons: —, Michael O'Leary, O'Leary, Ryanair didn't Organizations: Ryanair, Service, CNN, Boeing, Max, Passengers, Milan's Bergamo, Alaska Airlines, Airbus, Financial, Business Locations: Italy, Milan, Brindisi, Turin, Italy's, France, Barcelona

☆ Ryanair Boeing plane catches fire on runway in Italy; 184 aboard evacuated
▼ + stars: | 2024-10-03 | by ( Barbie Latza Nadeau | Antonia Mortensen | ) edition.cnn.com time to read: +3 min

Rome CNN —More than 180 people were evacuated Thursday from a Ryanair Boeing passenger jet after it caught fire while taxiing to take off at Brindisi Airport in southern Italy. A spokesperson for the airport in Brindisi confirmed there had been a fire that halted air traffic for several hours. Ryanair, the Irish budget airline group that operates Europe’s largest aircraft fleet, said all 184 passengers and crew were safely evacuated on the runway after Thursday’s incident. On Tuesday, another Ryanair aircraft – flight FR846 – headed into Milan Bergamo airport from Barcelona had a tire issue upon landing, which briefly closed the destination airport. Boeing, the manufacturer of both aircraft involved in this week’s incidents, referred CNN to Ryanair.

Persons: Rome, Rome CNN —, FR846 –, Andrea Caroppo, Mauro D’Attis, ”, Caroppo, ENAC Organizations: Rome CNN, Ryanair Boeing, Brindisi, Boeing, Milan Bergamo Airport, Ryanair, Passengers, CNN, “ Passengers, Forza Italia, National Civil Aviation Authority, ENAC, Transport Commission, Transport Locations: Italy, Milan, Brindisi, Italian, Turin, Milan Bergamo, Barcelona, Italy’s, Bari, London, Bologna, Brussels, Luxembourg, Europe

☆ Ryanair may get five fewer planes by next summer due to Boeing strike, CEO says
▼ + stars: | 2024-09-14 | by ( ) www.cnbc.com time to read: +1 min

Ryanair Group CEO Michael O'Leary said on Saturday a prolonged Boeing workers' strike may cut the number of aircraft it receives by next summer to 20 from an anticipated 25. But now, with this week's Boeing's workers' strike further threatening the airplane maker's turnaround, O'Leary said Ryanair might only receive 20 planes if the strike continues for three to four weeks. "I have no doubt that Boeing will fix this strike," O'Leary told Ireland's Newstalk Radio. Workers have been protesting all week in Boeing factories in the Seattle area that assemble Boeing's MAX, 777 and 767 jets. Boeing and union negotiators will return to the bargaining table early next week as the two sides try to end a strike.

Persons: OAG's John Grant, Michael O'Leary, O'Leary, Ireland's Organizations: Summer, Ryanair, Boeing, Ireland's Newstalk, Workers Locations: Paris, Seattle

☆ Wizz Air and Ryanair, 2 of Europe's biggest airlines, are in a war of words over Wizz's divisive new 'all you can fly' deal
▼ + stars: | 2024-08-23 | by ( Pete Syme | ) www.businessinsider.com time to read: +1 min

Ryanair's CEO criticized Wizz Air's unlimited flights pass as a "marketing scam." Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementTensions are growing between two of Europe's top budget airlines after the Ryanair CEO called Wizz Air's unlimited flights pass a "marketing scam."

Persons: Wizz, — Organizations: Service, Ryanair, Business Locations: Budapest, Dubai, Maldives

With nearly three-fourths of the S & P 500 reporting second-quarter results, the earnings picture for the back half of the year is looking unusually complicated. It's been a 'meh' quarter so far We have the usual beat on bottom-line earnings, but revenue beats are below expectations. Most companies are beating on earnings estimates but are declining to hike full-year guidance beyond the beat. Plenty of complaints about a slowing China consumer A weak China economy has been a significant headwind for a number of global companies this season. Procter & Gamble's China sales tumbled 8% from a year ago as consumer spending slowed.

Persons: It's, Sherwin, Williams, Lockheed Martin, Chipotle, Isaac, CDW, Clorox, – Hershey, Kraft Heinz, Mondelez, General Mills, Smucker, McDonald's, Wendy's, Bob, Wyndham, Mills, Marriott, LVMH, haven't Organizations: GE Aerospace, Hasbro, Lockheed, Verizon, Mattel, IBM, Juniper Networks, Enphase Energy, NXP Semiconductors, Accenture, Oracle, Procter, Gamble, PepsiCo, ConAgra Brands, Bank of America, MGM Resorts, Comcast, Marriott, Airlines, Allegiant, Ryanair, Gamble's, Starbucks, Visa, Nike, Vegas Sands Locations: J.M, Atlantic City, China, Gamble's China, Greater China, Japan, Macao, Marina, Sands, Singapore

☆ I spent 6 ½ hours in first class on a train in Morocco. It wasn't luxurious, but I'd do it again in a heartbeat.
▼ + stars: | 2024-07-24 | by ( Alice Levitt | ) www.businessinsider.com time to read: +5 min

But I was resolute in my desire to make the nearly seven-hour journey from Marrakech to Fes by ONCF train. The Marrakech train station alone is worth visitingThe Marrakech Railway Station station was a fine place to kill time. Alice LevittMy husband insisted we arrive an hour and a half early for our 7:50 a.m. train. AdvertisementThere wasn't much legroom on the train, but I managed to rest and make friends on boardOur ONCF train arrived at the station on time. Alice LevittThough there are cheap hourlong flights on Ryanair from Marrakech to Fes, I'm glad that I took the train.

Persons: —, I've, King Hassan II, Alice Levitt, Tyson Bateman, Zaha Organizations: Service, Disney, Epcot, Business, Marrakech Railway, Ryanair Locations: Morocco, Casablanca, Marrakech, Fes, ONCF, Segafredo, Mumbai, Moroccan, Rabat, Morocco's, It's

☆ Ryanair shares tumble 12% as budget airline reports 46% fall in quarterly profit, sees lower fares
▼ + stars: | 2024-07-22 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

Ryanair shares fell on Monday after the company said its quarterly profit after tax had fallen 46% and fares will be lower than expected in the summer months. Ryanair cited weaker-than-anticipated fares and the Easter season falling into the previous quarter as reasons for the drop in profit. It also comes despite a 10% increase in passenger traffic to 55.5 million during the quarter, Ryanair said Monday. However, Ryanair Group CEO Michael O'Leary said in a statement that fares were expected to be lower than expected over the next three months. Other European airlines followed Ryanair lower on Monday, with fellow low-cost airline EasyJet shedding over 6%, while Jet2 fell 4% and Hungarian airline Wizz Air slid over 6%.

Persons: — Ryanair's, Michael O'Leary, O'Leary, Jet2 Organizations: Ryanair, Wizz Air Locations: London

☆ Ryanair, Europe’s biggest airline, says airfares will be ‘materially lower’ this summer
▼ + stars: | 2024-07-22 | by ( Anna Cooban | ) edition.cnn.com time to read: +2 min

London CNN —Ryanair said Monday that it expects airfares during the busy summer travel season to be “materially lower” than last year as the low-cost carrier reported a plunge in profits. Europe’s biggest airline by passenger numbers, comparable in size to Delta Air Lines in the United States, said its average fare fell nearly 15% in the April-to-June quarter from the same period in 2023, to €41.93 ($45.65) from €49.07 ($53.42). Ryanair (RYAAY) attributed that dip in the first quarter of its financial year, in part, to the timing of the Easter break this year, some of which fell over March. The airline previously thought fares would be “flat to modestly up,” he added. Ryanair reported a 46% fall in profits in the first quarter of the year, to €360 million ($392 million), despite a 10% rise in the number of passengers.

Persons: ”, Michael O’Leary, Neil Sorahan Organizations: London CNN, Ryanair, Europe’s, Delta Air Lines, “, British Airways, Boeing, Alaska Airlines, Delta Locations: United States

☆ Stocks making the biggest moves midday: Ryanair, CrowdStrike, IQVIA Holdings and more
▼ + stars: | 2024-07-22 | by ( Sean Conlon | ) www.cnbc.com time to read: +3 min

Check out the companies making headlines in midday trading: Ryanair — Shares fell 16% after the budget airline reported weaker-than-expected fiscal first-quarter earnings . CrowdStrike — The cybersecurity stock plunged 12% as investors fully digested Friday's massive outage , which resulted in thousands of canceled flights. IQVIA Holdings — The stock jumped more than 6% after the health tech company's earnings beat expectations for the second quarter. In the second quarter, the company reported sales of $32.8 billion, below the $33.05 billion FactSet consensus estimate. Mattel — Shares of the toymaker soared more than 11%.

Persons: CrowdStrike, FactSet, Tesla, Elon Musk, LPR, Xpeng, Catterton, —, Alex Harring, Hakyung Kim, Lisa Kailai Han, Darla Mercado Organizations: Ryanair —, Guggenheim, Holdings, Nvidia —, Reuters, Blackwell, Verizon —, —, EV, People's Bank of, Li Auto, Mattel —, Mattel, Semiconductor, — Investors, VanEck Semiconductor, KLA Corporation, ASML Locations: CrowdStrike, People's Bank of China, chipmakers

☆ Mass IT outage: here's a list of companies and operations affected
▼ + stars: | 2024-07-19 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +5 min

Read previewA mass IT outage has hit flights, banks, retailers, and media outlets around the world. Here are some of the companies and operations affected. AdvertisementAirlinesAirlines, including United, Delta, American, and Allegiant, have all grounded flights due to the mass outage. Related stories"KLM and other airlines and airports have been affected by a global computer outage, making flight handling impossible. AdvertisementGrocery store chain Woolworths told BI that some stores had "been impacted as a result of the global IT issue."

Persons: —, We're Organizations: Service, Microsoft, Business, Advertisement Airlines Airlines, American Airlines, BBC, Frontier Airlines, Ryanair, KLM, Alaska State Troopers, Airports Major, Gatwick, NHS, Reuters, Media, News Sky, London, Exchange, London Stock, London Stock Exchange, Retailers, Bloomberg, McDonald's, Woolworths Locations: United, Delta, State, Alaska, Heathrow, Gatwick, Luton, Northern, McDonald's Japan

An update by cybersecurity firm CrowdStrike led to a major outage on Friday, the company told NBC, which impacted businesses globally. CrowdStrike said it is now in the process of rolling back the update that caused the issue. The confirmation came after widespread reports of technical issues across the world. Australian telecom firm Telstra said global issues affecting CrowdStrike and Microsoft were disrupting some of its systems. NBC Universal is also being affected by the CrowdStrike outage.

Persons: CrowdStrike Organizations: NBC, Microsoft, Windows, Airlines, London Stock Exchange, Sky News, CNBC, Comcast, Ryanair, Telstra, NBC Universal Locations: U.S

☆ Passengers got into an argument so heated about switching seats that their Ryanair flight had to turn back after just a few minutes
▼ + stars: | 2024-07-09 | by ( Pete Syme | ) www.businessinsider.com time to read: +3 min

A Ryanair flight turned around soon after takeoff after an argument escalated. One passenger told The Sun that a man had asked to switch seats to sit with his family. AdvertisementA Ryanair flight had to turn around after an argument broke out soon after takeoff. "We were only in the air for 36 minutes before we had to do an unexpected landing," an unnamed passenger told The Sun. AdvertisementAnother passenger fell ill during the flight, a Ryanair spokesperson said in a statement shared with Business Insider.

Persons: — Organizations: Ryanair, Sun, Service, Business, The Sun, Federal Aviation Administration Locations: London, Agadir, Morocco, Marrakesh

☆ I've been flying ultra-low-cost airlines for years and have never been charged extra — these are my 4 tips for avoiding fees
▼ + stars: | 2024-06-21 | by ( Taylor Rains | ) www.businessinsider.com time to read: +8 min

AdvertisementMy backpack fits perfectly inside the personal item size checker on both Frontier and Spirit. Further, the carry-on bag restrictions vary slightly at 24 x 16 x 10 inches and 22 x 18 x 10 inches, respectively. These rules are found on the airline's websites, and the same goes for other global ULCCs like Ryanair and Allegiant Air. AdvertisementDo the math before you book a ULCCI only pay for an extra bag or a seat when absolutely necessary on a ULCC. Once you add the cheapest seat for $39 each way and a carry-on bag for $69 each way, the total price is $413.

Persons: —, Taylor Rains, I've, Joey, Hannah Towey Organizations: Service, Business, Frontier Airlines, Spirit Airlines, Frontier, Ryanair, Allegiant Air, Priceline, United, Delta, Google, Las, Spirit Locations: New York City, Orlando, Denver, Seattle, Delta, Las Vegas, Chicago, Buffalo

☆ A couple headed to Spain on vacation was instead flown 1,500 miles away to Eastern Europe
▼ + stars: | 2024-06-13 | by ( Mikhaila Friel | ) www.businessinsider.com time to read: +4 min

AdvertisementPassengers with disabilities or reduced mobility are legally entitled to special assistance without an additional charge when flying from the UK, the US, and many other countries. "We have been away lots of times and always had special assistance, so this was nothing new to us," Victoria told the BBC. AdvertisementIn a statement sent to Business Insider, a Ryanair spokesperson said special assistance is "provided by Bristol Airport's special assistance provider — not Ryanair." "We sincerely apologise to these passengers for any inconvenience caused as a result of Bristol Airport's special assistance provider's error and have assured that they will be fully compensated by Bristol Airport," the statement concluded. AdvertisementA spokesperson for Bristol Airport told BI that the situation is being investigated, and the couple will be contacted to "direct their complaint to the correct business partner for resolution."

Persons: —, Victoria Gore, Andrew, Victoria Organizations: Service, BBC News, Ryanair, Business, Bristol Airport, Bristol Airport's, BBC, Kaunas Airport, Department of Transportation, Bristol, BI, ABM Locations: Spain, Andrew, Barcelona, Victoria, Lithuania, England, Bristol, Kaunas, Riga, Latvia

☆ Boeing sales tumble as the company gets no orders for the 737 Max for the second straight month
▼ + stars: | 2024-06-11 | by ( ) www.cnbc.com time to read: +1 min

Boeing 737 MAX airplanes are pictured outside a Boeing factory on March 25, 2024 in Renton, Washington. The results released Tuesday compared unfavorably with Europe's Airbus, which reported orders for 27 new planes in May. Boeing also saw Aerolineas Argentinas cancel an order for a single Max jet, bringing its net sales for the month to three. The dismal results followed poor figures for April, when Boeing reported seven sales — none of them for the Max. Despite the slow pace of recent sales, Boeing still has a huge backlog of more than 5,600 orders.

Persons: —, Aerolineas, Max Organizations: Boeing, Airbus, Federal Aviation Administration, Alaska Airlines Max, Ryanair, Alaska Airlines Locations: Renton , Washington, Arlington , Virginia

☆ Budget airline Ryanair posts record annual profit as passenger numbers soar above pre-Covid level
▼ + stars: | 2024-05-20 | by ( Jenni Reid | ) www.cnbc.com time to read: +1 min

Low-cost carrier Ryanair on Monday reported its best-ever annual profit, as passenger and revenue growth offset sharply higher operating costs. The Dublin-based firm said full-year profit after tax jumped 34% to 1.92 billion euros ($2.09 billion), and announced a 700-million-euro share buyback program. Revenue rose 25% year-on-year to 13.44 billion euros as the airline served 184 million passengers, 23% more than before the Covid pandemic. Ryanair Chief Financial Officer Neil Sorahan told CNBC's "Squawk Box Europe" Monday that its share buyback reflected a "very strong" balance sheet. "Our priorities have been very much: restore the pay for our people after Covid, bring in pay increases, pay down the debt," he said.

Persons: Neil Sorahan, CNBC's, we've, actualy Organizations: Ryanair, Revenue Locations: Dublin

☆ Ryanair CEO: More and more people are traveling with lower fares
▼ + stars: | 2024-05-20 | 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 CEO: More and more people are traveling with lower faresRyanair CEO Michael O'Leary joins 'Squawk Box' to discuss the company's quarterly earnings results, why prices won't be as high as hoped during the summer season, and much more.

Persons: Michael O'Leary

☆ Capacity will be 'strained' for some time, says Ryanair CFO
▼ + stars: | 2024-05-20 | 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 EmailCapacity will be 'strained' for some time, says Ryanair CFONeil Sorahan, CFO of budget carrier Ryanair, discusses earnings and the airline industry on CNBC's "Squawk Box Europe."

Persons: Neil Sorahan Organizations: Ryanair

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