Budget airline Ryanair will offer flights to the U.S. for as little as 10 euros ($13) when it acquires the long-haul aircraft to fly the routes, the airline's chief executive has said.» Read More
OSLO, Oct 3- Norwegian Air CEO Bjoern Kjos was on his way to Thailand last month to celebrate the opening of his budget airline base but instead got a lesson in why many low-cost carriers have failed in the long-haul market.
*Ryanair fined over labour code violations at Marseille hub. AIX-EN-PROVENCE, France, Oct 2- A French court imposed 10 million euros of fines and damages on Ryanair on Wednesday for labour law breaches and the airline said it would appeal to European courts.
*Ryanair fined over labour code violations at Marseille hub. AIX-EN-PROVENCE, France, Oct 2- A French court ordered low-cost carrier Ryanair to pay over 8 million euros in fines and damages on Wednesday over labour code breaches linked to treatment of local workers hired on foreign contracts.
*Treasury minister seeks compensation from Boeing. WARSAW, Oct 2- Poland is determined to get compensation from Boeing for the glitches haunting its 787 Dreamliner jets which are used by the country's state-controlled carrier LOT, its treasury minister said on Wednesday.
*Republic shares up 5 percent. Oct 1- Airline pioneer William Franke is looking to bring more low airfares to U.S. air travelers, with his firm agreeing to purchase Frontier Airlines from Republic Airways Holdings. The list of low-cost carriers Franke has ran or invested in also includes Volaris of Mexico, Wizz Air in Hungary and Tiger Airways in Asia.
LONDON, Sept 25- Ryanair is positively disposed towards the Boeing 737 Max after talks with the U.S. aircraft maker over a possible order for up to 200 of the planes, its chief financial officer said on Wednesday. Ryanair said in June that it could place an order by the end of the year.
*First time Ryanair has admitted customer service problem. DUBLIN, Sept 20- Ryanair, Europe's biggest budget airline, has promised to transform its "abrupt culture" in a bid to win customers from costlier rivals, admitting for the first time that a reputation for treating its passengers badly might have become a problem.
European shares closed higher on Thursday, after both the European Central Bank (ECB) and the Bank of England (BoE) voted to maintain ultra-loose monetary policy.
European shares pared losses in afternoon trade on Wednesday to close higher, thanks to a strong open in the U.S. markets. However, airline shares suffered after a profit warning from Ryanair.
Stephen Furlong, senior equity analyst at Davy Research, explains that despite warning on guidance, Ryanair remains confident of its cash flow generation power.
Ryanair's stock price tumbled on Wednesday after it announced that it may miss its full year profit guidance and will cut its winter capacity.
The storm brewing around budget airline Ryanair continued on Tuesday, with the airline’s chief executive branding a pilots’ group which raised concerns a “joke”.
Michael O'Leary, CEO of Ryanair, tells CNBC that the Ryanair Pilot Group safety claims is an attempt by the European pilots unions to desperately try and unionize in Ryanair.
Evert van Zwol, chairman of Ryanair Pilot Group, tells CNBC that Ryanair pilots are worried about stepping out in the open to talk about their safety concerns.
European shares pared earlier gains to close flat on Monday following a late sell-off after reports that Barclays will seek to raise £5 billion ($7.69 billion) via a rights issue.
John Strickland, director of JLS Consulting, tells CNBC to expect strong growth in the Ryanair fleet over the next five years.
Howard Millar, deputy CEO and CFO of Ryanair, tells CNBC about the return to reserve seating and eventual plans to have dynamic seat pricing.
Large European airlines can't "walk straight and chew gum at the same time"—creating an opening for Ryanair to grab more short-haul share, CEO Michael O'Leary told CNBC.
Ryanair bought 175 Boeing 737s at the Paris Air Show last week. Michael O'Leary, CEO of the Irish-based airline, discusses the state of the European industry.
European shares pared gains, but closed higher on Thursday, after a round of soft U.S. data.