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"Flybe has now ceased trading and all flights from and to the UK operated by Flybe have been cancelled and will not be rescheduled," it said. A spokesperson for administrators Interpath Advisory said about 75,000 Flybe customers had future bookings that would now not be honoured. Headquartered in Birmingham, Flybe operated flights on 21 routes to 17 destinations across the UK and Europe using a fleet of eight leased Q400 turboprop aircraft. A spokesperson for Interpath said 45 members of Flybe's 321-strong workforce had been retained for the time being. Louise Haigh, the opposition Labour Party's transport spokesperson, said Flybe's collapse was "devastating news" for staff and customers.

☆ Wizz Air sees strong summer, but more wary than rivals
▼ + stars: | 2023-01-26 | by ( Sarah Young | ) www.reuters.com time to read: +2 min

[1/2] People stand next to a Wizz Air aircraft at Ferenc Liszt International Airport in Budapest, Hungary, August 18, 2022. Low cost rivals Ryanair (RYA.I), Europe's biggest airline, and Britain's easyJet (EZJ.L) have reported record bookings for summer holidays, in a sign that consumers are still keen on trips despite a looming recession. Asked if Wizz had seen the same, CEO József Váradi said: "Bookings are strong, but I don't want to get over-excited." Separately on Thursday, British airline and holiday group Jet2 (JET2.L) upgraded its annual profit forecast after strong demand for winter holidays and said bookings for the summer were encouraging. For the new financial year, Wizz will benefit from hedging and new capacity, forecasting growth of 25% to 30% this summer versus last, helping unit costs to improve.

☆ Europe Inc earnings offer market optimists more hope
▼ + stars: | 2023-01-25 | by ( ) www.reuters.com time to read: +5 min

Shares in ASML were lower after the results, having rallied recently to hit their highest since last April. Helped by strong orders in Europe, French train maker Alstom (ALSO.PA) posted an 8% rise in third-quarter sales. While it is still early in the corporate earnings season, the results offer some hope that recent economic data which has buoyed equities this month is grounded in reality. Swiss asset manager GAM (GAMH.S) meanwhile warned on profits after experiencing negative asset flows, knocking its shares 2.5% lower in early morning trading. ($1 = 0.8115 pounds)Reporting by Reuters newsroom; Writing by Josephine Mason; Editing by Catherine EvansOur Standards: The Thomson Reuters Trust Principles.

☆ Tech drags European stocks lower on earnings jitters
▼ + stars: | 2023-01-25 | by ( Ankika Biswas | ) www.reuters.com time to read: +3 min

The pan-European STOXX 600 (.STOXX) fell 0.3%, heading lower for a second day with technology (.SX8P) and telecom (.SX8P) declining the most. "The weak outlook painted by Microsoft is weighing on the wider tech sector," said Michael Hewson, chief markets analyst at CMC Markets in London. European stocks came under pressure on Tuesday, as an improvement in economic activity spurred speculation that the European Central Bank (ECB) might have more room to raise interest rates to tackle inflation. Boosting UK stocks, EasyJet PLC (EZJ.L) jumped 10.6% after projecting it would beat current market expectations for 2023 and deliver a full-year profit. Reporting by Ankika Biswas in Bengaluru; Editing by Subhranshu Sahu and Sherry Jacob-PhillipsOur Standards: The Thomson Reuters Trust Principles.

☆ Strong bookings put EasyJet on path to full-year profit
▼ + stars: | 2023-01-25 | by ( Joanna Plucinska | ) www.reuters.com time to read: +2 min

LONDON, Jan 25 (Reuters) - EasyJet (EZJ.L) on Wednesday said it expected to beat current market expectations for 2023 based on the strength of bookings into summer and was set to deliver a full-year profit, fueling cautious optimism for an aviation sector set on recovery. EasyJet Holidays also upgraded expectations from 30% customer growth to around 50% year-on-year and said the airline had almost 50% more customers than last year. Ryanair (RYA.I), Europe's biggest airline and a low-cost competitor for easyJet, said earlier this month it was expecting a very strong summer season with a reasonable prospect of average European short-haul air fares rising by a high single digit percentage. "Airline reporting season starts optimistically, and we expect easyJet to be the first of several strong prints. Earlier guidance looks overly cautious and numbers will need to come up," Bernstein analyst Alex Irving said in a research note.

☆ Strong bookings put easyJet on path to full-year profit
▼ + stars: | 2023-01-25 | by ( Joanna Plucinska | ) www.reuters.com time to read: +2 min

☆ How Dmitry Medvedev, Russia's former president, went from perceived pro-West reformer to virulent warmonger since the invasion of Ukraine
▼ + stars: | 2023-01-25 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +8 min

Russia's former president has become one of its most vitriolic figures amid the Ukraine invasion. When Dmitry Medvedev was elected, some saw him representing a more liberal future for Russia. Russian President Vladimir Putin and then-Prime Minister Dmitry Medvedev at the Kremlin in Moscow, Russia, in December 2016. Russian President Vladimir Putin and then-Prime Minister Dmitry Medvedev during the United Russia party congress in Moscow, Russia, in December 2017. Putin became president again once Medvedev's first term was up, and Medvedev duly became his prime minister, serving until 2020.

☆ European shares slip as investors weigh earnings reports
▼ + stars: | 2023-01-25 | by ( ) www.reuters.com time to read: +1 min

Jan 25 (Reuters) - European stocks inched lower on Wednesday as investors assessed a slew of earnings reports including chip equipment maker ASML's, while fears of more interest rate hikes kept investors on edge. The pan-European STOXX 600 (.STOXX) fell 0.2% by 0816 GMT, with technology (.SX8P) and financials declining the most. Shares of ASML Holding NV (ASML.AS) lost 2% and were among the top drags on the STOXX 600, despite forecasting sales growth of more than 25% for 2023. Lonza Group AG (LONN.S) fell 2.8%, even as the Swiss drug contract manufacturer reaffirmed its longer-term growth prospects. Investors will monitor Germany's 2023 annual economic report in Berlin due at 1315 GMT amid easing fears of a recession in the euro zone's largest economy.

Lufthansa has offered to buy an initial minority stake in ITA, Italy's state-owned successor to Alitalia, it said on Wednesday. "This may be the next step in European airline consolidation," said Bernstein analyst Alex Irving, citing Portugal's national airline, TAP, as a prime target. Lufthansa, Air-France KLM (AIRF.PA) and British Airways owner IAG (ICAG.L) are potential buyers, analysts said. "At the same time, however, we closely monitor consolidation in the European airline market." Michael O'Leary, the outspoken CEO of fellow low-cost airline Ryanair (RYA.I), also weighed in with his predictions this week.

☆ European shares muted, UK outperforms as China-exposed stocks jump
▼ + stars: | 2022-12-28 | by ( Bansari Mayur Kamdar | ) www.reuters.com time to read: +3 min

The region-wide STOXX 600 (.STOXX) was flat as of 9:31 GMT, while the FTSE 100 <.FTSE> advanced 0.7% as commodity-linked and China-exposed stocks jumped in early trading. The UK market, which was closed for holidays since its half-day trading on Friday, is playing catch-up, analysts said. The FTSE 100 index has benefited this year from its exposure to commodities as prices of oil and base metals have rallied amid the Russia-Ukraine war. Meanwhile, STOXX 600 was headed for an annual loss of 12.2% as concerns about an economic recession due to aggressive monetary policy tightening by central banks globally weighed on the European index. The technology sector (.SX8P) weighed on STOXX 600 on Wednesday, tracking the overnight fall in U.S. peers as rising yields pressured the interest rate sensitive shares, a recurring theme this year.

☆ 8 money books that can help you build wealth in 2023, according to real estate investors, 'super savers,' and finance experts who have read them cover-to-cover
▼ + stars: | 2022-12-27 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +8 min

Another popular choice among real estate investors specifically is "Rich Dad Poor Dad." It was Ramit Sethi's popular money book that taught them how to be more intentional when it came to spending. Real estate"Retire on Real Estate" by Kai AndersonAvery Heilbron, who achieved financial freedom before 30 partly thanks to his investment properties, says that "Retire on Real Estate" is what nudged him in the direction of buying property to build wealth. Courtesy of Avery HeilbronIf you want to build long-term wealth, "I think real estate is 100% the best thing," Heilbron said. "Rich Dad Poor Dad" by Robert KiyosakiThis classic by Robert Kiyosaki is a favorite among real estate investors and early retirees, including Mike Zuber, who was able to quit his day job in his 40s thanks to his lucrative real estate portfolio.

☆ A couple on track to retire before 40 share the 3 money books that changed their financial mindset
▼ + stars: | 2022-12-25 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +4 min

They started reading money books, including "Set for Life" and "The Simple Path to Wealth." That's when he started diving into personal-finance books, which ultimately would be the impetus for their debt repayment and financial freedom journey. Here are three money books that helped them get to where they are today. "Set for Life" by Scott Trench"Set for Life" was one of the first money books the Lupos read. "This book does a great job of identifying the importance of spending money on your values," said Josh.

☆ Ronna McDaniel locked down votes for RNC chair despite the midterm debacle. Here's how she did it.
▼ + stars: | 2022-12-09 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Jonathan-Allen-Circle-Byline-Template.Jpg | Jonathan Allen | ) www.nbcnews.com time to read: +9 min

An ally, Richard Porter, an RNC member from Illinois, met with her in Washington to make sure she wanted to run for another two-year term. And the most ardent Trump critics among RNC members say McDaniel, Trump's pick for the post six years ago, is too close to him. Bill Palatucci, an RNC member from New Jersey, said he opposes McDaniel's re-election for that reason. For McDaniel to lose, an opponent would have to win the remaining undecided RNC members and swipe nearly two dozen avowed McDaniel backers. Lori Klein Corbin, an RNC member from Arizona who hasn’t committed to any candidate, said McDaniel hasn’t asked for her vote yet.

☆ What Shopping Did for American Equality
▼ + stars: | 2022-12-09 | by ( Virginia Postrel | ) www.wsj.com time to read: 1 min

For Americans, shopping is both a popular pastime and a defining social institution. Our propensity for admiring, coveting, pursuing and accumulating consumer goods has attracted righteous condemnation and knowing satire for well over a century. Shopping, quipped editor J.L. Nearly 197 million Americans, about 60% of the population, went shopping in-person or online during the five-day period beginning on Thanksgiving, according to the National Retail Federation. (Many people shopped both in-person and online.)

☆ Explainer: Why U.S. airline pilot wages are outpacing global rises
▼ + stars: | 2022-12-05 | by ( Jamie Freed | ) www.reuters.com time to read: +4 min

U.S. domestic demand was only 0.8% below than 2019 levels in October, while globally, domestic travel demand was 22.1% lower. REGIONAL PILOT SHORTAGEThe steep pay rise on offer to Delta pilots follows a series of large increases at U.S. regional airlines that serve as feeders to major carriers. Uniquely among world markets, the United States requires pilots even at regional airlines to have a minimum of 1,500 hours of flying experience. Faced with growing shortages of entry-level pilots and rapid attrition of more experienced ones to major airlines, U.S. regional carriers have lifted pay rapidly. The increases put pressure on major airlines to ensure their entry-level pay attracts joiners from regional carriers to cover retirements and planned fleet growth.

☆ FTSE 100 at three-month highs on hopes of China easing COVID curbs
▼ + stars: | 2022-11-29 | by ( Shashwat Chauhan | ) www.reuters.com time to read: +2 min

The blue-chip FTSE 100 (.FTSE) was up 0.6%, hitting its highest since Aug. 26, while the domestically-focused FTSE 250 midcap index (.FTMC) was flat. World markets were rattled on Monday as protests against strict COVID-19 restrictions flared up in major Chinese cities over the weekend. Base metal miners (.FTNMX551020) climbed 2.8%, touching three-month highs, as prices rebounded on support for the property sector in top metals consumer China. Heavyweight energy stocks (.FTNMX601010) rose 1.4% as oil prices climbed on hopes of China easing its COVID controls. Reporting by Shashwat Chauhan in Bengaluru; Editing by Saumyadeb Chakrabarty and Savio D'SouzaOur Standards: The Thomson Reuters Trust Principles.

☆ UK airline easyJet says holiday demand holding up
▼ + stars: | 2022-11-29 | by ( Sarah Young | ) www.reuters.com time to read: +3 min

The outlook could give investors confidence that holiday bookings can hold up despite the growing pressure on household budgets from high inflation, energy prices and rising mortgage rates. Historically demand for flights has tended to track economic growth and easyJet's biggest market, Britain, is already in recession. For the current winter period, the airline said Christmas ticket yields were up about 18% amid strong demand for travel. "EasyJet does well in tough times," Chief Executive Johan Lundgren said in a statement on Tuesday. ($1 = 0.8341 pounds)Reporting by Sarah Young, Editing by Paul Sandle and Kate HoltonOur Standards: The Thomson Reuters Trust Principles.

☆ Jennifer Lopez on what she learned from Warren Buffet — and other tips from celebrities on how to become a successful entrepreneur
▼ + stars: | 2022-11-28 | by ( Eboni Boykin-Patterson | ) www.businessinsider.com time to read: +4 min

The Hollywood Reporter released its second annual list of the top 40 celebrity entrepreneurs. Jennifer LopezThe best business advice Jennifer Lopez ever received came from Warren Buffet. Lopez said that the best business advice she's ever received came from Warren Buffet: "A brand is a promise." After founding the business with his co-founder, Evan Goldberg, Rogen said he's learned how to scale without compromising on product quality. but also added that the best business advice he's ever received was to "Be focused."

☆ Rolls-Royce successfully tests hydrogen-powered jet engine
▼ + stars: | 2022-11-28 | by ( ) www.reuters.com time to read: +2 min

LONDON, Nov 28 (Reuters) - Britain's Rolls-Royce (RR.L) said it has successfully run an aircraft engine on hydrogen, a world aviation first that marks a major step towards proving the gas could be key to decarbonising air travel. The ground test, using a converted Rolls-Royce AE 2100-A regional aircraft engine, used green hydrogen created by wind and tidal power, the British company said on Monday. They said they were already planning a second set of tests, with a longer-term ambition to carry out flight tests. Planemaker Airbus is working with French-U.S. engine maker CFM International to test hydrogen propulsion technology. Other technologies backed by companies such as Rolls-Royce include electric engines, which would be initially suitable for short flights, and sustainable aviation fuel (SAF).

☆ EasyJet calls on over-45s to fill cabin crew vacancies
▼ + stars: | 2022-11-23 | by ( ) www.reuters.com time to read: +2 min

[1/2] An Easyjet aircraft approaches Josep Tarradellas Barcelona - El Prat airport the day before a cabin crew strike, while it passes next to a Stop traffic sign, near Barcelona, Spain, June 30, 2022. The UK-based airline said it was encouraging adults aged 45 and over to train as cabin crew, building on the 27% rise it has already seen in that age group for crew since 2018. EasyJet said a crew recruitment programme some months ago had over 18,000 applications for about 2,000 roles, but it was still looking for more workers. The cabin crew role would be ideal for people whose children have left home, who have customer service skills and are looking for a new challenge, said the airline. "This campaign is about challenging stereotypes about the job and showing that being cabin crew can be a job for anyone with the right skills, no matter what their age," easyJet's director of cabin services Michael Brown said in an email.

☆ ITA Airways to expand fleet with 39 new aircraft in 2023
▼ + stars: | 2022-11-11 | by ( ) www.reuters.com time to read: +1 min

ROME, Nov 11 (Reuters) - ITA Airways will next year refresh its fleet with 39 new aircraft, allowing it to serve more long-distance destinations, the state-owned successor to Alitalia said on Friday. ITA "has underwritten all the commitments for increasing the fleet in 2023, next year 39 new generation aircraft will enter into service" including nine wide-bodied Airbus A330-900, the company said in a statement. Older aircraft will discontinue service, ITA said, stating that the upgrade will mean a 73% increase in the ASK (available seat kilometre) metric, measuring passenger carrying capacity. By the end of 2023, ITA said it will have 96 planes, half of which will be new, including the single-aisle A321Neo. ITA was established in late 2020 from the ashes of bankrupt Alitalia, and has yet to turn a profit.

☆ Ryanair expects to emerge as Europe's only major low-cost carrier
▼ + stars: | 2022-11-07 | by ( ) www.reuters.com time to read: +2 min

DUBLIN, Nov 7 (Reuters) - Ryanair (RYA.I) on Monday predicted it would eventually become Europe's only major low-cost carrier, with Chief Executive Michael O'Leary claiming a widening gap on costs would make rivals easyJet (EZJ.L) and Wizz (WIZZ.L) takeover targets. "Europe is inexorably moving towards a similar out-turn as North America where you will have three very large, somewhat higher cost, high-fare connecting carriers, and one very large low cost carrier" in Ryanair, O'Leary said. Wizz chief executive Jozsef Varadi, who has always maintained his cost base is comparable to Ryanair's, last week said he did not see his airline as a takeover target. But he said the British airline was being forced by Ryanair to retreat in other markets like Italy and Portugal. Wizz, O'Leary said, was making progress with expansion in the Middle East but was retreating in the face of Ryanair expansion in some parts of its core central and eastern Europe region.

☆ Ryanair CEO predicts higher fares on 'surprisingly strong' bookings
▼ + stars: | 2022-10-13 | by ( Klaus Lauer | ) www.reuters.com time to read: +2 min

SummarySummary Companies Ryanair sees mid to high single-digit fare growthO'Leary says travel demand supported by high savingsBERLIN, Oct 13 (Reuters) - Ryanair's (RYA.I) bookings for the autumn mid-term and Christmas holidays are ahead of pre-COVID levels and it sees average fares rising by more than expected for the financial year to end-March, Chief Executive Michael O'Leary said on Thursday. "At the moment they (bookings) are surprisingly strong, we thought they would begin to ease off but actually forward bookings into the mid-term and into Christmas are stronger in terms of volume and pricing than they were pre-COVID," O'Leary said in an interview. "But so far everything seems to indicate that people are switching to the lowest cost airline and in all markets that's Ryanair," he said. It expects to fly 166.5 million passengers in the year to the end of March, significantly ahead of its previous annual record of 149 million reached before the pandemic brought the travel industry to a standstill. Register now for FREE unlimited access to Reuters.com RegisterReporting by Klaus Lauer, Writing by Padraic Halpin in Dublin; Editing by Mark Potter and Emelia Sithole-MatariseOur Standards: The Thomson Reuters Trust Principles.

☆ easyJet says demand holding up for this winter, next summer
▼ + stars: | 2022-10-13 | by ( ) www.reuters.com time to read: +1 min

LONDON, Oct 13 (Reuters) - British airline easyJet (EZJ.L) said bookings for the coming months were progressing well, as travel demand holds up for this winter and next summer despite the squeeze on consumer spending due to economic headwinds. EasyJet said ticket sales for Britain's October school holiday and the Christmas week exceeded pre-pandemic levels and it expected to fly 20 million seats in the three months to the end of December, up 30% compared to last year. EasyJet also said that it was already seeing demand for next summer, giving it confidence despite the rising cost of living. "We face the uncertain macro-economic environment with many strengths," chief executive Johan Lundgren said. ($1 = 0.9020 pounds)Register now for FREE unlimited access to Reuters.com RegisterReporting by Sarah Young, Editing by Paul SandleOur Standards: The Thomson Reuters Trust Principles.

☆ FTSE 100 extends losing run to seventh day as homebuilders drag
▼ + stars: | 2022-10-13 | by ( Sruthi Shankar | ) www.reuters.com time to read: +3 min

SummarySummary Companies FTSE 100 on longest losing streak since July 2019Taylor Wimpey down on ex-dividend tradingHousing stocks hover at near decade-lowsFTSE 100 down 0.5%, FTSE 250 off 0.1%Oct 13 (Reuters) - UK's FTSE 100 extended its losing run to a seventh straight session on Thursday, as homebuilders took a fresh hit after data showed slowing house prices, while investors were cautious ahead of U.S. inflation data later in the day. The blue-chip FTSE 100 index (.FTSE) fell 0.5%, setting it up for its longest losing streak since July 2019. The midcap FTSE 250 (.FTMC) slipped 0.1% to hold near May 2020 lows. "Add to that all the confidence issues about the direction of fiscal and monetary policies (and) it's a pretty poisonous combination." read moreRegister now for FREE unlimited access to Reuters.com RegisterReporting by Sruthi Shankar in Bengaluru; Editing by Savio D'SouzaOur Standards: The Thomson Reuters Trust Principles.

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