|Bid||0.00 x 1100|
|Ask||0.00 x 800|
|Day's Range||67.06 - 68.59|
|52 Week Range||65.61 - 121.45|
|Beta (3Y Monthly)||1.14|
|PE Ratio (TTM)||10.46|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||82.50|
Global risk appetite was jolted after Reuters reported Alphabet Inc's Google suspended some business with Huawei, while Apple Inc supplier Lumentum Holdings Inc said it had discontinued all shipments to Huawei. "Seeing as the United States has taken a tough stance against Huawei, traders are not hopeful that the U.S.-China trade dispute will be resolved quickly," David Madden, market analyst at CMC Markets UK, wrote in a note. Germany's DAX dropped 1.6%, while French stocks shed 1.5%.
The indexes, however, fared better than their European peers whose chipmakers were hit as sentiment were grim in the wake of the crackdown on Huawei. Concerns about the possible escalation of the U.S.-China trade conflict hung in the air after Google suspended some business with Huawei. "Seeing as the U.S. have taken a tough stance against Huawei, traders are not hopeful that the US-China trade dispute will be resolved quickly," CMC Markets analyst David Madden.
After initially falling 6%, the airline's shares made up some ground after O'Leary, who helped to develop the no-frills airline model in Europe, argued that lower fares and profitability for a couple of years were a price worth paying to boost market share and hasten consolidation. O'Leary said the lower fares and profit were cyclical and that four or five European airlines were likely to emerge as the winners in the sector. "Our strategy would be to keep adding capacity as quickly as we can in all the markets where we can," said O'Leary, who has been in charge of Ryanair since 1994.
Ryanair's Michael O'Leary also says he is confident that Boeing's grounded 737 Maxes will resume flights this summer. The 737 Max grounding caused delays in the delivery of the first of dozens of the jets Ryanair has on order. "We're having a discussion with Boeing" about getting financial compensation for the delays, O'Leary says.
The union representing Ryanair's British pilots will hold an indicative ballot to see if there is support for industrial action over a pay dispute, according to a letter seen by Reuters. Ryanair suffered a series of damaging strikes last year after the carrier bowed to pressure in late 2017 to recognise unions for the first time. Europe's largest budget airline has managed to quell the disputes by reaching agreements with many unions in Europe on pay and allowances, but has yet to move beyond the recognition agreement it struck with Britain's BALPA union almost 18 months ago.
After initially falling 6%, the airline's shares made up some ground after O'Leary, who helped to develop the no-frills airline model in Europe, argued that lower fares and profitability for a couple of years were a price worth paying to boost market share and hasten consolidation. O'Leary said the lower fares and profit were cyclical and that four or five European airlines were likely to emerge as the winners in the sector.
Ryanair chief executive Michael O’Leary warned on Monday that the airline would grow as fast as possible, even if it means “painful” cuts to fares to drive out rivals from the market. Mr O’Leary was speaking as Ryanair reported a 30 per cent drop in pre-tax profits to €948m in the year to March 2019 because of rising fuel costs and losses from its new Austrian subsidiary Laudamotion. Excluding the Austrian airline, pre-tax profit was €1.1bn.
Ryanair plans to use its new group structure to take advantage of further consolidation in the European airline industry by snapping up airlines, jets, or airport slots that might become available because of competition rules. The likes of Wow Air, Primera Air, and BMI Regional have all disappeared in the last year, with struggling Thomas […] The post Ryanair Ready to Pounce on Opportunities From Pending Airline Mergers appeared first on Skift.
LONDON (AP) — Budget airline Ryanair says its profit fell 29% last year and warns that the grounding of Boeing's 737 Max planes will limit its ability to cut costs.
Ryanair Holdings Plc joined a chorus of European carriers in warning that a fare war and weaker economies may hold back profit this year. Shares of the region’s biggest discount airline fell the most in seven months on Monday as it posted a 39% drop in net income for the 12 months through March and said earnings could tumble further. European carriers are bracing for a tough summer as a glut of capacity combines with stuttering economic growth and high fuel prices to squeeze margins.
Low fares are hurting Ryanair. As fares are falling, passenger numbers are climbing. Other challenges are also common to travel industry operators such as easyJet and Tui: high fuel costs and issues with the Boeing 737 Max (Ryanair has delayed the delivery of its first five planes until winter, meaning it won’t see any cost benefits from them until the 2021 financial year).
A Ryanair profit warning pressured airline and travel stocks and chipmakers slid after Infineon halted shipments to Huawei as U.S.-China trade tensions kept a lid on the STOXX 600 at the open on Monday. The pan-European index was down 0.1% by 0735 GMT with most indices in the red after China struck a more aggressive tone in its trade war with the United States on Friday, although crude prices lifted London's oil-heavy FTSE 100. Europe's largest low-cost carrier Ryanair landed at the bottom of the STOXX 600 after issuing a profit warning as it grapples with overcapacity, Brexit and delays in delivery of the Boeing 737 Max.
Among steeplechase horse races, the British Grand National ranks as one of the toughest endurance tests for man and animal. Michael O’Leary’s horse won in April for a second year running. Similarly, Mr ...
With summer vacation around the corner, here's a look at what you need to know before you purchase a ticket on a budget airline.
The company aims to sell shares in New York within two years, Viva’s biggest shareholder, Declan Ryan, said in an interview in Lima. The shares could also be listed on another exchange, such as Colombia’s, he said. “We’re effectively the Ryanair of Latin America,” said Ryan, who was one of the founders of the budget Irish carrier.
Increase in April load factor at the likes of Delta Air Lines (DAL) and SkyWest (SKYW) bode well for the airline industry.
Indigo Partners and Lufthansa are among the likely bidders for Thomas Cook's airline business, with a deadline of May 7 set for expressions of interest, sources said. The heavily indebted British travel group put its profitable airline business up for sale in February after profit warnings in 2018 left it needing to raise cash. Thomas Cook's airlines business consists of Germany's Condor, as well as British, Scandinavian and Spanish operations.
Ryanair aims to double the number of routes and passengers it flies to Jordan next year following rapid growth since launching flights to the country last year, the head of Europe's biggest budget airline told Reuters. The Irish airline, which began flying to Jordan in February 2018, currently operates 14 routes to the capital Amman and the Red Sea port city of Aqaba, and will add four new routes for the winter season in Europe. After talks with Jordanian officials, Chief Executive Michael O'Leary said he expected to reach around 1 million passengers in 2020 from the roughly 500,000 expected this year.
Lufthansa on Friday lost its court challenge against millions of euros in state aid being granted to Frankfurt-Hahn airport to the benefit of rival Ryanair, after failing to prove the payments dented its revenue or market share. The support given to the airport, which is only used by Ryanair and Wizz Air, included capital increases totalling 49 million euros (42.40 million pounds), direct grants and a charging scheme. The German airline argued that many of the benefits of the aid were passed on to Ryanair, which was not paying high enough airport charges.