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.» Read More
Michael O'Leary, Ryanair CEO, explains how his "pay-as-you-go" business model improved the company's profits, and weighs in on the growing competition between low-fare airlines.
European shares closed mixed on Monday afternoon, after briefly touching fresh five-year highs earlier during the session.
This week on "Talking Squawk": David Tepper's "My Cousin Vinny" market call, Cisco's John Chambers, Bloomberg's "Surveillance," the IRS, the AP, and big hair and Sony.
Low-cost airline easyJet halved its losses in the first half, helped by Easter falling earlier and customers escaping cold weather in Britain and Northern Europe.
The business news cycle this week was dominated by the financial health of Cyprus. "Squawk Box" was all over that story, but we still managed to have some fun.
Despite "unfair commentary" on the 787 Dreamliner, Boeing makes great aircraft, Ryanair CEO told CNBC, following the purchase of $15.6 billion worth of new Boeing jets.
CNBC's Phil LeBeau reports the latest details on Ryanair's announcement to buy 175 Boeing jets for $15.6 billion.
Some of the names on the move ahead of the open.
Ryanair announced a $15.6 billion order for 175 passenger jets from Boeing on Tuesday in a deal that will allow the Irish airline to consolidate its position as Europe's dominant low-cost carrier.
Airbus has landed the largest order of the year, and one of the largest of all-time, with a book value of almost $24 billion. The European plane maker will sell 234 of its A320 planes to Lion Air out of Indonesia.
Ryanair is to announce a deal to buy 200 aircraft from Boeing
Sudeep Ghai, founder of Athena Aviation, commented on the Iberia strikes saying IAG - the owner - has to go through with the transformation as the Spanish flag-carrier is one of the least productive airlines in Europe.
European shares edged lower on Friday, impacted by weaker bank and mining stocks, and traders expected equities to stay trapped in a tight range this month.
Irish airline Aer Lingus said on Wednesday an attempt by Ryanair to buy the company was likely to fail, and pointed to a jump in profits last year as proof it could flourish on its own.
Ryanair Holdings shares have had a great run, rising 45 percent in a year, but Deutsche Bank said it's still not too late to buy.
European equities touched fresh multi-month peaks on Monday, with technical charts pointing to a continued slow grind higher.
Michael Cawley, deputy CEO at Ryanair, tells CNBC that the upward surprise in current results is the strong yield in the third quarter, particularly in northern Europe.
LONDON- A U.S. fine for anti-money laundering rule breaches could cost HSBC significantly more than $1.5 billion and is likely to lead to criminal charges, Europe's biggest bank says. ( HSBC/, expect 1715 GMT/ 12.15 PM ET, by Steve Slater and Matt Scuffham, 870 words).
HSBC profit hit by $800 mln charge for U.S. fine. LONDON- HSBC sets aside $1.5 billion to cover potential U.S. fines for lax anti-money laundering controls and the final bill could be significantly higher. ( HSBC/, expect by 1000 GMT/ 5 AM ET, by Steve Slater and Matt Scuffham, 400 words).
*Banks fall as HSBC announces hit to Q3 profit. *Ryanair gains as the airline raises its outlook. LONDON, Nov 5- European stocks edged lower in cautious trade on Monday as investors opted for safer havens ahead of a too-close-to-call presidential election in the United States this week.