|Bid||91.00 x 200000|
|Ask||125.00 x 130000|
|Day's Range||121.90 - 123.00|
|52 Week Range||87.75 - 132.20|
|PE Ratio (TTM)||153.50|
|Forward Dividend & Yield||0.01 (1.01%)|
|1y Target Est||N/A|
German airline Condor said it will end its sales partnership with Laudamotion this month, after the Austrian airline agreed to be bought by Ryanair (RYA.I). Condor, part of the Thomas Cook Group (TCG.L), signed a deal in February to help the new airline, which mostly comprises the former Niki operations of insolvent Air Berlin, get up and running plus offering its own customers greater choice.
Ryanair (RYA.I) cannot rule out flight cancellations due to a planned cabin crew strike in Portugal during the Easter holidays but expects any disruptions to be small, its chief executive said at a news conference in Vienna on Wednesday. Portuguese union representatives have said the strikes are motivated by below-par labour conditions, including disciplinary processes and threats for not reaching in-flight sales objectives. Asked whether there will by flight cancellations, Ryanair Chief Executive Michael O'Leary, who was in Vienna to promote the Laudamotion cooperation, said: "It depends on how many disruptions there are.
Britain's easyJet (EZJ.L) said it hopes to add Middle East and Asian carriers to its long-haul connections programme, which enables travellers to buy multiple flights in a single transaction. "Worldwide by easyJet", the long-haul connections business the carrier set up last year, was a preferable way for easyJet to grow revenues rather than gaining direct exposure to long-haul flying itself, CEO Johan Lundgren said on Tuesday. "No, no plans on that (long-haul flying)," he told reporters before boarding a flight from London to Berlin, which when it reached Berlin was met by police who removed a disruptive passenger.
Small and large cap stocks are widely popular for a variety of reasons, however, mid-cap companies such as Thomas Cook Group plc (LSE:TCG), with a market cap of UK£1.82B, oftenRead More...
Austria's Laudamotion will provide up to eight crewed aircraft to Lufthansa's (LHAG.DE) low-cost carrier Eurowings until the end of May, Niki Lauda's repurchased and rebranded carrier said on Friday. Lufthansa had planned to grow Eurowings by buying failed Air Berlin's Niki unit itself but scrapped the purchase after the European Commission indicated it would veto the deal.
BERLIN/DUESSELDORF, Germany (Reuters) - Ryanair (RYA.I) has agreed to buy a majority stake in the new Austrian leisure airline founded by former motor racing champion Niki Lauda in a major push on the German and Austrian markets dominated by Lufthansa (LHAG.DE). The Irish airline, Europe's largest low-cost carrier, has agreed to buy an initial 24.9 percent stake in Vienna-based Laudamotion, formed out of insolvent carrier Niki, formerly part of Air Berlin. Ryanair will lease Laudamotion six crewed planes to increase its fleet to 21 planes this summer and to 30 planes within three years.
Thomas Cook Airlines (TCG.L) believes a transition period following Britain's exit from the European Union is important to allow time to clarify new rules regarding flying rights, ownership and safety regulations, an executive said. "The clock is ticking," Christoph Debus, head of the travel group's airline business, told Reuters in an interview at the ITB travel trade fair. British airlines currently have unlimited flying rights to, from and within the European Union as part of an EU's single aviation market.
Airport operator Fraport (FRAG.DE) expects passenger numbers at Frankfurt airport to grow again this year by over 3 million people, driven by short-haul traffic in Europe as it attracts more low cost carriers, its chief executive said on Thursday. "We will give an exact figure next week, but you can expect an absolute number (of the increase) of around the same size as last year," Stefan Schulte said on Thursday at the ITB travel fair in Berlin. Fraport is due to announce 2017 results on March 16, when it will provide a first outlook for 2018.
British travel company Thomas Cook has set up a 150 million pound ($208 million) hotel fund as part of a plan to raise margins through new own-branded hotels. Thomas Cook, the company that pioneered the package holiday concept when it was set up in 1841, makes better margins from hotels which it owns and which tend to be higher-end and generate better customer loyalty. While the company sends holidaymakers to about 3,000 hotels across in destinations from the Mediterranean to the Caribbean and elsewhere, only about 190 of the properties are own-brand hotels operating under the names Casa Cook, Sunprime, and Sentido amongst others.
Chicago-based Boeing Co. (BA) has operations around the country. Here are other recent stories reported by The Business Journals. Boeing expects to secure new orders for 777 Freighters later this year thanks to a surging air cargo market, a senior executive said Monday.
Thomas Cook Group plc (LSE:TCG) is trading with a trailing P/E of 141.9x, which is higher than the industry average of 20.2x. While TCG might seem like a stock toRead More...
Recovering demand for holidays to Turkey will help offset the impact of rising costs in Spain, British travel company Thomas Cook (TCG.L) said on Thursday, leaving it on course to meet annual profit forecasts. Turkey is the "standout" destination for this summer, Chief Executive Peter Fankhauser said on Thursday, as demand for holidays there returns after two years of tourists staying away over security concerns. A pick up in demand for trips to Turkey is good news for Thomas Cook as it makes a higher profit margin on holidays there than to Spain, its biggest destination, where a price war among tour operators has coincided with hotels raising prices.
Irish budget airline Ryanair will put a "Brexit clause" into ticket sales for summer 2019, warning customers that their tickets will not be valid if the issue of aviation regulation after Britain's departure from the EU remains unresolved. Flying rights to, from and within the European Union, as well as between the United States and Britain, are currently covered by EU-wide "Open Skies" agreements, but this arrangement is jeopardised by Brexit.
British tourists perennially frustrated by forward-thinking Germans bagging prime locations by the pool will now be able to reserve their favored spot even before boarding the plane -- albeit at a price....
Former motor racing champion Niki Lauda has won the bidding for the Niki airline he founded, convincing the insolvent carrier's administrators in marathon talks and undoing an agreed deal with British Airways owner IAG. The previously agreed sale of Niki to IAG fell through after two courts ruled the insolvency proceedings had to move to Austria from Germany. Niki's creditors met on Monday to pick the best bid, and their meeting ran past midnight.
In the battle for insolvent Austrian airline Niki, its founder Niki Lauda sought to woo employees in an open letter on Wednesday by promising jobs to all current staff. An agreed sale of Niki to British Airways owner IAG (ICAG.L), brokered by Niki's German administrator, was thrown into doubt last week by two court rulings saying Austria was the relevant jurisdiction for the insolvency proceedings. This paved the way for former Formula One world champion Lauda to bid again for the airline he founded in 2003, but which most recently was part of failed airline Air Berlin (AB1.DE), itself bought by Lufthansa (LHAG.DE).
British travel company Thomas Cook (TCG.L) has partnered with fintech firm Revolut to launch a "pay-per-day" travel insurance service which automatically provides users with medical cover by tracking their location through their mobile phones. Revolut, the digital bank start-up, said it could pinpoint customers' location through its app technology and automatically turn on the coverage when required, starting at less than 1 pound ($1.38) a day. "We wanted to create a type of insurance that uses technology to help our customers and only cover you on the days you actually needed to be covered," Revolut CEO Nikolay Storonsky said in a statement.
VIENNA (Reuters) - The German administrator for Austrian airline Niki has not yet decided whether he will withdraw an appeal against a German court ruling that moved Niki's insolvency proceedings to Austria, ...
Settling a legal dispute, airline Niki's German and Austrian administrators agreed to cooperate to resolve the insolvent carrier's future swiftly and guarantee legal certainty for its buyer. New offers can be made for Niki until Friday and a decision will follow within days, German administrator Lucas Floether and his Austrian counterpart Ulla Reisch said in a joint statement on Tuesday. "The signatures of both administrators will guarantee the buyer legal security for the closing of the sales contract," Floether and Reisch said.
After a legal spat, Airline Niki's German administrator Lucas Floether and his Austrian counterpart Ulla Reisch said in a joint statement on Tuesday that they would cooperate closely on sealing a deal on the future of the insolvent airline. Floether said as recently as Friday that he was considering legal action against an Austrian court ruling that Niki's main insolvency proceedings had to move to Austria from Germany after Floether had already agreed Niki's sale to British Airways owner IAG.
VIENNA (Reuters) - Irish airline Ryanair (RYA.I) said on Monday it had contacted the Austrian administrator of insolvent holiday airline Niki to express its interest in buying some of its assets. Niki's ...
LONDON (Reuters) - Airlines group IAG (ICAG.L) is monitoring the situation after a court decided that Niki's insolvency should be handled mainly in Austria rather than Germany, a spokeswoman for IAG said, ...
VIENNA (Reuters) - Insolvent airline Niki's new Austrian administrator Ulla Reisch plans to build on her German counterpart's work and reach a solution for the airline within three weeks, she said. Insolvency ...