Ryanair rocked by cancellations

September 29, 2017 by  
Filed under Aviation, EUROPE, News

LONDON, 29 September 2017: Ryanair plunged deeper into crisis Wednesday with the cancellation of more flights, threatening the travel plans of another 400,000 customers, while the low-cost airline dropped its bid for Italy’s Alitalia.

The Dublin-based carrier has been plagued by a pilot shortage that has led it to axe thousands of flights — and has now extended cancellation plans to early 2018.

Ryanair plans to fly 25 fewer aircraft during its European winter schedule, hitting less than one percent of its customers but more than doubling the amount of passengers originally affected by a crisis dogging the airline since mid-September. Read more

UK airlines face a hard Brexit

August 4, 2017 by  
Filed under Aviation, EUROPE, News

LONDON, 4 August 2017: Ryanair chief executive, Michael O’Leary, hit out at rival European airlines Wednesday, claiming they opposed Britain securing a “favourable deal” over routes following Brexit.

Britain accounts for about one-quarter of revenues earned by the Irish no-frills airline, causing O’Leary and Ryanair in general to be extremely vocal regarding perceived risks of the country exiting the European Union.

“There’s no doubt in our minds that the German and French airlines in particular are opposed to the UK getting any favourable deal,” O’Leary told a London press conference Wednesday. Read more

Ryanair offers Alitalia a lifeline

July 25, 2017 by  
Filed under Aviation, EUROPE, News

LONDON, 25 July 2017: Ryanair has made a “non-binding offer” for its loss-making Italian rival Alitalia, the Irish no-frills carrier said on Monday.

“We have made a non-binding offer for Alitalia. As the largest airline in Italy, it’s important we are involved in the process,” Ryanair said in a statement after Italian media said Friday that about 10 such bids had been made.

The announcement comes as Ryanair on Monday logged soaring quarterly profits, aided by the timing of Easter, while the company noted that the outlook was clouded by Brexit. Read more

Ryanair ready for Alitalia bid

June 29, 2017 by  
Filed under Aviation, EUROPE, News

ROME, 29 June 2017: Budget airline Ryanair is ready to make a bid for a majority stake in Italy’s Alitalia if administrators of the troubled carrier undertake four key reform steps, its CEO said earlier this week.

“If significant changes are implemented we are interested in making an offer,” Michael O’Leary told reporters in Rome, adding that the Irish company would want “a majority stake, we are not interested in a 49% stake”.

Alitalia, which has struggled to compete with low-cost rivals including Ryanair, went into administration at the start of May, moving the loss-making airline a step closer to liquidation as efforts continue to find a buyer. Read more