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  • Europe ends lower after US data, Greece weighs Tuesday, 26 May 2015 | 11:30 AM ET
    Greece's Finance Minister Yanis Varoufakis

    Europe markets extended losses to close lower Tuesday, following U.S. stocks into negative territory with investors reacting to corporate earnings and Greece concerns.

  • *Profit up 66 pct in year to March 31. DUBLIN, May 26- Ryanair forecast a 10 percent rise in profit and passenger numbers in its current financial year as it targets more primary airports and improves its online offering to compete better with rivals such as easyJet and former flag carriers. Ryanair has made huge strides in catching up with rivals since launching...

  • Spanish and Greek concerns peg back European shares Tuesday, 26 May 2015 | 6:45 AM ET

    *Ryanair's shares rise after airline's profits surge. LONDON, May 26- European stock markets stumbled on Tuesday, as Greece's debt problems and a battering for Spain's government in local elections offset a rise in airline shares. Irish airline Ryanair surged 6.3 percent after posting higher profits.

  • DUBLIN, May 26- Ryanair trumpeted the success of its image makeover after soaring passenger numbers helped the Irish airline to post a 66 percent rise in full-year profit. The budget carrier, whose outspoken CEO Michael O'Leary softened his notoriously no-frills business model last year, said passenger numbers grew nearly three times faster than original...

  • LONDON, May 26- European shares fell on Tuesday, the first day of the trading week for several markets after a long holiday, with a local-election battering for Spain's government and Greece's ongoing debt drama offsetting bumper airline results. Although Monday's poor local election result for the Madrid government had already hit Spanish stocks on Monday,...

  • *Forecasts more modest 10 pct rise to March 2016. DUBLIN, May 26- Ryanair's profits surged 66 percent in the year to March as passenger numbers grew almost three times the targeted level on improved service and lower fares, with a more modest 10 percent profit growth forecast for this financial year. Europe's largest airline by passenger numbers said on Tuesday...

  • Ryanair profits up 66% as passenger numbers surge Tuesday, 26 May 2015 | 1:56 AM ET
    Passengers board a Ryanair flight at the Frankfurt-Hahn Airport

    Ryanair reported a 66 percent jump in profit after tax for the year to March after passenger numbers grew almost three times the targeted level.

  • STOCKHOLM/ OSLO, May 21- Scandinavian airline SAS struck a deal with its Swedish pilots' union on Thursday over staffing but failed to reach an accord with around 300 pilots in Norway, raising the risk of major conflict at the top Nordic carrier. SAS cancelled 110 flights on Wednesday as a precaution ahead of a potential strike in Sweden but said services should be...

  • *IAG Q1 profit of 25 mln euros vs 150 mln euro loss last yr. LONDON/ BERLIN, April 30- British Airways- owner IAG swung to a profit for the first time in its seasonally weakest first quarter, but warned a stronger dollar would hold it back this quarter, echoing a warning from rival Air France-KLM. Shares in IAG, formed from the 2011 merger of British Airways and Iberia, fell 2...

  • BERLIN, April 16- Airlines are packing ever more seats into economy class to protect profit margins from falling ticket prices, prompting concerns over health and safety from travellers and crew. "If you're a dog, you have very specific rules, but if you're a human being there are no specific rules as to what is humane," Charlie Leocha, the head of consumer group...

  • Here's why Ryanair flights may get even cheaper Thursday, 16 Apr 2015 | 11:23 AM ET
    Michael O'Leary, chief executive officer of Ryanair Holdings Plc

    Tumbling oil prices could mean cheaper flights, which the CEO of Ryanair said would be "very good" for the Irish budget airline's growth.

  • PARIS, April 9- Budget airline Norwegian Air has been approached by several rival airlines about possible partnerships but is keen to follow an independent strategy, Chief Executive Bjoern Kjos said on Thursday. Norwegian has expanded rapidly in recent years to become Europe's third-biggest low cost carrier after Ryanair and easyJet but falling margins...

  • Scores of flights halted by French air control strike Wednesday, 8 Apr 2015 | 6:32 AM ET

    PARIS, April 8- Airlines canceled scores of flights in and out of France on Wednesday because of a two-day stoppage by air traffic controllers upset over work conditions and plans to raise their retirement age to 59 from 57.. Budget airline easyJet said it was canceling 118 flights to and from France on April 8 and apologized to passengers for a strike "outside of...

  • BERLIN, March 30- After an already troubled first year as CEO of Lufthansa, Carsten Spohr must now deal with the aftermath of the Germanwings disaster whilst making the airline group fit to compete for the future. Spohr, a qualified pilot, has been trying to follow the example of rival IAG, the parent company of British Airways, Iberia and Vueling, by cutting staff...

  • Germanwings crash prompts aviation overhaul Friday, 27 Mar 2015 | 12:28 PM ET

    The Germanwings air tragedy in France this week could push the European Aviation Safety Agency (EASA) to aannounce new safety recommendations.

  • FRANKFURT, March 19- A pilots strike grounded more than half of Lufthansa's lucrative long-haul flights on Thursday, the latest action to pressure management in a protracted row over early retirement benefits and cost cuts. Lufthansa is trying to cut costs to levels nearer those of its rivals as it is squeezed by budget carriers Ryanair and easyJet on European...

  • *Strike cost estimated at 15 mln euros a day- analyst. BERLIN, March 18- Lufthansa pilots on Wednesday announced a third consecutive day of strikes this week, forcing hundreds of flight cancellations and ramping up pressure on management in a long-running row over early retirement benefits. The German airline is trying to cut costs and expand budget operations...

  • BERLIN, March 18- Lufthansa pilots began the first of two days of strike action on Wednesday in a long-running dispute over early retirement benefits and the carrier's cost-cutting plans which shows no sign of ending. The German airline is trying to cut costs and expand budget operations as it tries to compete with low-cost carriers like Ryanair and easyJet in...

  • Faced with a Norwegian labour landscape of high wages, generous benefits and powerful unions, it has instead based some of its crew and jets in cheaper countries like Spain and Thailand. Norwegian Air saw off the crisis with more modest concessions- creating subsidiaries that would give Scandinavian pilots job security for nearly three years, but no...

  • LONDON, Feb 27- British Airways-owner International Airlines Group raised its 2015 profit forecast by more than 20 percent, outperforming struggling continental rivals and sending its shares to an all-time high. IAG, which is trying to acquire Ireland's Aer Lingus, said on Friday that the profit increase would be driven by cost control across the group and...