Tumbling oil prices could mean cheaper flights, which the CEO of Ryanair said would be "very good" for the Irish budget airline's growth.» Read More
FRANKFURT, Dec 4- Pilots at Lufthansa started their second strike this week on Thursday, grounding about half of scheduled long-haul flights at the German flagship carrier, in a drawn-out dispute over an early retirement scheme. The Germany- wide strike, the tenth this year, started at 02:00 GMT on Thursday and is to last until 22:59 GMT. Lufthansa's board on...
BERLIN, Dec 3- Lufthansa's board approved plans on Wednesday to expand its budget flight operations against the backdrop of deteriorating relations with its pilots who are set for their tenth strike this year. Lufthansa is battling to remain competitive in the face of budget carriers such as Ryanair and easyJet and Gulf operators including Emirates, Etihad...
BERLIN, Dec 3- Lufthansa's board meets on Wednesday to approve expansion of its budget flights against the backdrop of deteriorating relations with pilots who are now planning their tenth strike this year. However, this year's 160 million euro hit to operating profit as a direct result of the dispute over proposed changes to an early retirement scheme is only...
*Vodafone dips on worries over potential bid for Liberty Global. Shares in UK telecom group Vodafone sank 4.4 percent on talk it would bid for cable operator Liberty Global. Sources said Vodafone is reviewing potential acquisitions, including Liberty Global, to counter pending consolidation among rivals in Britain.
DUBLIN, Dec 1- Aircraft leasing company Avolon Holdings set out plans on Monday to list shares on the New York Stock Exchange and raise $286 million to $314 million for shareholders, the Dublin- based firm said on Monday. Avolon, backed by private equity firms Cinven Ltd, CVC Capital Partners Ltd and Oak Hill Capital Partners, as well as Singapore's sovereign wealth...
European shares closed largely flat on Friday, although oil majors fell sharply after OPEC decided not to cut its output target.
BP shed 3.5 percent, Total sank 4.1 percent, Seadrill lost 4.6 percent and Saipem slipped 4.1 percent. A number of oil services firms including Seadrill have been forced to scrap their dividends as the sector struggles with the drop in crude prices, which is prompting oil majors to accelerate cost cutting efforts. "At $72 a barrel, we're well below the pain...
Low-cost airline easyJet reported a 21.5 percent jump in annual profit prompting it to raise its dividend.
Some of Monday's midday movers:
All major European indexes closed lower on Monday after data revealed euro zone manufacturing activity expanded less than expected in October.
Ryanair hiked its profit forecast by 18 percent on better-than-expected winter bookings and said it would cut fares by up to 10 percent in the spring.
Travel-related shares were mixed after N.Y. officials confirmed the state's first case of the Ebola virus, but losses were capped by upbeat earnings.
Lufthansa cancelled 1,450 flights amid a pilots strike, compounding travel woes after millions were stranded by a weekend-long train drivers' stoppage.
Airline shares fell sharply after the CDC said they were searching for 132 Passengers who flew with the latest Texas Ebola patient.
Global airline stock rallied Tuesday after the previous session's sharp sell off, with American Airlines leading the sector's gains.
European shares closed lower on Tuesday, with sentiment curbed by weak economic data from Germany and a downturn on Wall Street.
Global airline stocks closed sharply on Wednesday after the CDC confirmed the first case of Ebola in the country.
Europe's largest low-cost airline agrees to buy 100 Boeing Co 737 MAX 8 jetliners with an option for 100 more.
European shares closed lower on Monday, with the decline led by the U.K.'s FTSE 100 after weak trade data from China.
Some of the names on the move ahead of the open.