Following last year's unprecedented policy change, China's budget carriers may now hold the key to the future of aviation in the mainland.» Read More
Some of Monday's midday movers:
*EPFR data shows more inflows into Europe stocks. PARIS, Feb 3- European stocks slipped on Monday morning, resuming their sell-off of the past 10 days, hurt by brewing worries over emerging markets and data showing China's economy losing momentum.
*Expects to meet FY guidance for profit of 500- 520 mln eur. DUBLIN, Feb 3- Ryanair reported strong forward bookings and an easing of intense price competition among European airlines on Monday, raising hopes it can quickly regain height with a new customer-friendly image after a profit warning spooked markets last year.
LONDON, Feb 3- European stocks edged higher on Monday, led by low-cost airline Ryanair after an upbeat quarterly update, although weak results in the banking sector and ongoing jitters in emerging markets kept a lid on investor appetite.
Airlines are shrinking the size of their seats, raising revenue but also tensions between frustrated passengers. The NYT reports.
CNBC's Tom Mackenize reports on the new way to fly with Ryanair.
Norwegian Air said one of its Boeing Dreamliners was grounded in the US, the latest in a string of technical problems to hit the new plane.
Budget airline Ryanair has announced a raft of improvements in a bid to keep up with its main rival easyJet, chief executive Michael O'Leary said.
Michael O'Leary, CEO of Ryanair, says the group has "always been friendly and cuddly" but was misunderstood, adding that it now plans to improve its communication strategy.
John Strickland, director at JLS Consulting, discusses European airlines following EasyJet's year-on-year jump in profit and highlights the difference in strategies with Ryanair.
JPMorgan Chase canceled a question and answer session on Twitter with a veteran investment banker after being flooded with insults.
Take a look at some of Monday's midday movers:
European equities closed higher on Monday with expectations of monetary stimulus from the European Central Bank (ECB) driving shares.
Michael O'Leary, CEO of Ryanair, says the budget airline has "always been cuddly" towards its customers.
Shares in Ryanair traded lower by over 11 percent on Monday after cut its profit forecast for the year.
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”.