IAG approach on Aer Lingus looks set to land safely after the Irish flag-carrier said it is considering a deal to shareholders.
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The owner of British Airways and Spain’s Iberia has increased its takeover bid for Aer Lingus, say sources. The Financial Times reports.
With players like IAG, the Irish government, and Ryanair this could be one of the more entertaining bid battles of recent time.
European markets closed lower on Thursday after ECB President Mario Draghi's press conference disappointed investors hoping for more stimulus.
Ryanair shares opened 9.5 percent higher on Thursday, after the low-cost airline raised its profit guidance.
European shares closed largely flat on Friday, although oil majors fell sharply after OPEC decided not to cut its output target.
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.