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Ryanair Profits Plunge as Summer Travellers Resist Higher Fares
Europe's largest budget airline Ryanair has reported a significant decline in profits during its crucial summer season, as passengers increasingly rejected elevated fare prices. The carrier acknowledged being "over-scheduled, over-crewed…
Boeing blames its $6bn loss on’serious performance failures’
Boeing announced a $6bn loss for the quarter and warned that it would continue bleeding cash. The new CEO Kelly Ortberg said the plane maker had to overhaul its culture in order to end the multi-year crisis which has shaken customers' and…
Ryanair misses its target due to delays at Boeing
Ryanair may be forced to carry fewer passengers next year than originally planned due to delays in Boeing's delivery of new aircraft.
Michael O'Leary is the chief executive officer of Ryanair. The low-cost carrier, which is Boeing's…
Boeing aims to raise $35 billion dollars as strikes bite
Boeing is planning to raise as much as $25 billion through the sale of bonds and shares. The aircraft manufacturer, which faces a cash crisis due to a strike that continues and production delays, has been struggling to meet its obligations.…
Vietjet wins appeal right in $250m court case
The right to appeal has been won by a Vietnamese airline facing a bill of up $250 million for compensation in a High Court case over aircraft leases between a London investment firm and a Vietnamese airline. Vietjet is a private airline…
Ryanair Considers Launching Package Holidays to Boost Revenue
Ryanair, Europe's largest low-cost airline, is considering a significant shift in its business strategy by potentially entering the package holiday market. This move, as indicated by CEO Michael O'Leary, represents a departure from the…
Wetherspoons Boss Defends Pre-Flight Drinking Amid Ryanairs Call for Two-Drink Limit
Sir Tim Martin, the head of Wetherspoons, has come out in defence of pre-flight drinking, stating that the pub chain removed two-for-one alcohol deals and "shooters" from their airport menus "years ago". This statement comes in response to…
Private Jets Soar in America Will Europe Follow Suit
The new boss of Starbucks, Brian Niccol, is set to commute almost 1,000 miles from his home in Newport Beach, California, to the coffee chain's headquarters in Seattle on a corporate jet. Niccol is not alone in this trend. Private flight…
Western Airlines Reduce China Flights as Demand Weakens and Russia Diversions Add Costs
Western airlines are significantly reducing flights to China due to several factors, including low demand, high costs related to flying around Russian airspace, and growing competition from Chinese carriers. Recently, British Airways…
Cathay Pacific invests $13bn to ‘get to the very top of the world’
Cathay Pacific announced that it would spend $13bn in seven years to upgrade its aircraft, airport lounges, and cabins. The airline is trying to regain its reputation after being hit by the pandemic and its position as a global premium…
CrowdStrike retaliates against Delta Air Lines for ‘threats to litigation’
CrowdStrike has reacted to Delta Air Lines' threats of legal action against the cyber-security company for a botched update that caused thousands of flights to be grounded, denying the company was responsible for its own IT decisions or the…
We just need to build it: Concorde’s replacement is looking at supersonic flights from America
Boom Supersonic's founder explains why air travel will be at 1,300mph in the future.
The founder of a company that is seeking to build the successor to Concorde, has reacted to "flight shame" activists calling for an end to mass travel.…
British Airways pays first dividends since pandemic
British Airways, the owner of British Airways, will pay its shareholders a dividend for the first since the outbreak of the pandemic. The company has enjoyed a successful first half of 2024 with a positive outlook for the remainder of the…
EasyJet is on track to break records this summer
Easyjet has posted better-than-expected third-quarter revenue.
Investors were relieved by the performance, which came after Ryanair's disappointing results.
Ryanair warned Monday that the ticket prices for summer travel would be…
British Airways boss Luis Gallego says Heathrow has lost out to EU competitors.
Heathrow has fallen behind other airports due to high passenger costs, a lack investment and the high cost of passengers. This is according to the CEO of British Airways.
Luis Gallego is the CEO of IAG. He said Britain’s largest airport…
Ryanair’s profits fall by almost half as summer fares drop
Ryanair's profits dropped by nearly half between April-June and the airline warned that summer fares would be "substantially lower" than they were last year.
The largest airline in Europe reported a profit of €360m, or £303m, for the…
Green flying will lead to higher prices. Can it takeoff?
Anthony Nolan, pointing to the royal warrant emblazoned on one of the 23 green-and white trucks at Olleco’s depot near Heathrow Airport, points out the procession of British Airways aircraft shaking the roof tiles.
The commercial…
British Airways is under pressure to improve after cancellations soar
After a tough year that saw its cancellation rate soar, British Airways faces pressure to improve operations just as summer travel begins.
Cirium, a company that provides aviation analytics, has found that the airline cancelled 4,033…