European shares closed flat on Monday, at the start of a week packed with important economic data.» Read More
Low-cost airline Ryanair, which mulls making passengers carry their own bags to hold and asking for £1 for the use of in-flight toilets, is now looking into offering standing room for passengers on its planes.
Carry your own luggage to the plane, slide one pound ($1.65) into a slot to use the toilet while airborne, pay more charges for fuel, have staff working for free for one month.
We didn't have time for this on TV but following are the day’s biggest winners and losers. Find out why shares of Bucyrus and U.S. Steel popped while Hasbro and AIG dropped.
Shares of European airlines tumbled Monday after budget airline Ryanair said its profit fell 85 percent in the recent quarter and warned it might not make money this year.
European stocks ended lower on Monday, dragged down by banks that fell on concerns over credit ratings at major U.S. mortgage lenders and by a rise in crude after recent sharp falls, which revived inflation worries.
Ryanair posted a 85 percent fall in first-quarter net profit on Monday as its fuel bill almost doubled and warned it could make a full-year loss of up to 60 million euros if oil prices stayed high and fares fell.
From job cuts to fewer winter flights, airlines are looking for every way to battle high oil prices.
When Air France-KLM reports on Thursday morning at 7:30 CET, it will be interesting to see how the world’s biggest airline by revenue views the prospects for what is likely to be a very difficult year.
Low-cost carrier Ryanair is likely to benefit in the event of a major slowdown hitting Europe, according to the airline’s chief executive Michael O’Leary.
From the deadline for the Northern Rock bids to the rate decisions by the European Central Bank and the Bank of England, here are the events that have shaped this week:
High oil prices and the weakening pound took their toll on budget airline RyanAir, which disappointed investors with a 27 percent fall in third-quarter net profit Monday. But results remained within the airline's own guidance.
Ryanair took the honors in a recent airline survey run by Tripadvisor, for all the wrong reasons. The online travel site asked its users to rate airline companies and Ryanair came in as the least favored.
Europe's largest low-cost airline Ryanair said Thursday it plans to invest $1.2 billion to expand service to Milan.
Ryanair posted a better than expected 20% rise in first quarter net profit on Tuesday, and said it would beat its full-year profit goal by cutting capacity at Britain's Stansted airport this winter.
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Ryanair Holdings, the discount airline prevented from buying rival Aer Lingus, said Tuesday it will take to court EU competition authorities over their alleged failure to enforce competition rules fairly.
The European Commission on Wednesday blocked an attempt by Ryanair to acquire rival Irish carrier Aer Lingus, marking only the second merger prohibition by the EU executive in four years.
Ryanair Holdings, Europe's largest discount airline, on Thursday unveiled plans to launch 13 new routes from its Stockholm Skavsta airport in Sweden.
Ryanair posted a better than expected 33% rise in full-year net profit on Tuesday but warned it expected growth to fall to about 5% in the current year due to weaker ticket prices.
Ryanair announced the purchase of 27 more Boeing 737-800s valued at $1.9 billion Thursday, bringing its total firm orders for the U.S. made planes to 308.