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☆ 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

☆ Exclusive: Amazon has drawn thousands to try its AI service competing with Microsoft, Google
▼ + stars: | 2023-07-26 | by ( Jeffrey Dastin | Thomson Reuters | Jeffrey Dastin Is A Correspondent For Reuters Based In San Francisco | ) www.reuters.com time to read: +3 min

REUTERS/Gonzalo Fuentes/File PhotoJuly 26 (Reuters) - Amazon.com’s (AMZN.O) cloud division has drawn thousands of customers to try out its service vying with Microsoft (MSFT.O) and Google (GOOGL.O) in a key area of artificial intelligence, an executive told Reuters. "Our mission is to make every company an AI company," said Sivasubramanian, in an interview pegged to a summit the cloud provider hosted in New York. Amazon Bedrock is the company's answer to services announced by Google and Microsoft, cloud rivals that have developed or marketed AI garnering significant public attention. Microsoft has invested in OpenAI, the startup that created ChatGPT and the AI model known as GPT-4. The cloud provider announced Agents for Amazon Bedrock, which lets businesses create chatbots that execute tasks and give more personalized answers drawing from their proprietary data.

Persons: Gonzalo Fuentes, Swami Sivasubramanian, Sivasubramanian, Jeffrey Dastin, Stephen Nellis, Chizu Nomiyama, Daniel Wallis Organizations: Viva Technology, Porte de, REUTERS, Microsoft, Google, Reuters, Sony, Ryanair, Sun, Thomson Locations: Porte, Paris, France, New York, OpenAI, Silicon

☆ 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

☆ Europe’s largest airline just sounded the alarm on travel demand
▼ + stars: | 2023-07-24 | by ( Hanna Ziady | ) edition.cnn.com time to read: +3 min

London CNN —The travel industry has defied a global economic slowdown, enjoying record bookings and profits as pent-up demand following the pandemic fueled spending on air tickets and hotels. Ryanair (RYAAY), Europe’s largest airline by passenger numbers, warned Monday that high inflation and rising interest rates could dent appetite for air travel in the second half of the year. The airline now expects to carry 183.5 million passengers in the 12 months ending in March 2024. The Dublin-based airline — which on Friday announced plans to return to Ukraine within weeks of the war ending — forecast “modest” profit growth for the full year. The latest figure marks a significant turnaround for the aviation industry, which suffered net losses of $183 billion between 2020 and 2022 as pandemic lockdowns hit travel.

Persons: “ We’re, Michael O’Leary, ”, Jet2, O’Leary, — Organizations: London CNN, Ryanair, EasyJet, Boeing, International Air Transport Association Locations: Europe’s, Ukraine, Dublin

☆ European markets lower; fresh data shows rising recessionary risks
▼ + stars: | 2023-07-24 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +1 min

LONDON — European markets were mixed on Monday as investors digest the inconclusive results of Spain's election and look ahead to a busy week of corporate earnings and central bank meetings. The pan-European Stoxx 600 moved lower in early afternoon deals, falling 0.1%, with all major bourses trading in negative territory. Fresh data pointed to a slowdown in business activity in France, Germany and the U.K. in July, adding to recessionary risks in Europe. Markets in Asia-Pacific were mixed Monday as investors digested key economic data from across the region. Japan's the Nikkei 225 gained 1.29% to start the week after new data showed business activity expanded for a seventh straight month.

Persons: Switzerland's Julius Baer Organizations: Sunday, European Central Bank, Nikkei, Bank of Japan, Federal Reserve, Meta, Microsoft, Vodafone, Ryanair, Italy's Locations: France, Germany, Europe, Asia, Pacific

☆ What’s ahead this week for Wall Street and the economy
▼ + stars: | 2023-07-23 | by ( Krystal Hur | ) edition.cnn.com time to read: +5 min

Case Shiller house price index for May and consumer confidence for July from the Conference Board. Earnings reports from AT&T, Boeing, Meta Platforms, Mattel, Stellantis and Chipotle Mexican Grill. Earnings reports from Coca-Cola, Mondelez, Honeywell, Keurig Dr Pepper, Royal Caribbean, Anheuser-Busch Inbev, Southwest Airlines and Hershey. Friday: Personal Consumption Expenditures price index for June, Employment Cost Index for the second quarter and University of Michigan consumer sentiment for July. Earnings reports from Procter & Gamble, Chevron and Exxon Mobil.

Persons: Jerome Powell, David Smith, Powell, Christopher Waller, ”, Dustin Thackeray, Tesla, Chris Isidore, —, Case, Dr Pepper Organizations: CNN Business, Bell, CNN, Fed, Traders, Rockland Trust, Big Tech, Microsoft, Meta, Crewe Advisors, Nasdaq, Netflix, Safety, Health Administration, doesn’t, Biden Administration, Bureau of Labor Statistics —, Ryanair, Federal Reserve, Conference Board, General Motors, Daniels, Midland, Verizon, PacWest, Boeing, Mattel, Honeywell, Anheuser, Busch Inbev, Southwest Airlines, Hershey, University of Michigan, Procter & Gamble, Chevron, Exxon Mobil Locations: Rockland, American, United States, PacWest Bank, Royal Caribbean

☆ Ryanair will return to Ukraine within weeks of war ending
▼ + stars: | 2023-07-21 | by ( Hanna Ziady | ) edition.cnn.com time to read: +2 min

London CNN —Ryanair is planning to connect major airports in Ukraine to almost two dozen European capitals within weeks of the country’s airspace reopening when the war ends. Ryanair (RYAAY) said in a statement Thursday it would offer flights to and from Ukraine within eight weeks of that happening. Speaking from Kyiv, Ryanair CEO Michael O’Leary said the carrier would “charge back” into Ukraine after the war. “The visit of Ryanair senior management to Boryspil Airport is a powerful signal that the largest airline in Europe sees huge potential in the Ukrainian air transport market,” said Boryspil International Airport CEO Oleksiy Dubrevskyy. The move highlights Ukraine’s sustained efforts to court international investors, as it plans for its future after the war.

Persons: Michael O’Leary, O’Leary, “, ”, Oleksiy Dubrevskyy, Philips —, Volodymyr Zelensky Organizations: London CNN, Ryanair, Boeing, European Union Aviation Safety Agency, European Union, Kherson —, Boryspil, Boryspil International, Conference, Citi, Sanofi, Philips, BlackRock, JPMorgan, Ukraine Development Fund Locations: Ukraine, Kyiv, Lviv, Odesa, Kharkiv, Kherson, ”, Ukrainian, Europe, London

☆ 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

☆ 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

☆ 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

☆ 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

☆ 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

☆ 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

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☆ 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.

☆ 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.

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