|Bid||62.09 x 800|
|Ask||62.16 x 1100|
|Day's Range||60.87 - 62.19|
|52 Week Range||60.87 - 119.26|
|Beta (3Y Monthly)||1.28|
|PE Ratio (TTM)||9.57|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||80.00|
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Belgium's labor laws can apply to Ryanair employees based in the country, a local court ruled on Friday, in a case that could set a precedent elsewhere in Europe and upholds a 2018 agreement reached between the airline and Belgian unions. A series of strikes in 2018 prompted the Irish airline to agree to apply Belgian law to cabin crew and pilots based in the country. The ruling at the Mons labor court, under which employees can decide whether to be covered by Belgian or Irish labor laws, reinforces the agreement and will prevent the airline from taking disputes to court in Ireland, said Yves Lambot, a representative of the CNE union.
Low-cost airline group Ryanair Holdings has said it will create a new subsidiary by buying a Maltese start-up airline. Ryanair will move its six existing Malta-based aircraft into the new airline, called Malta Air, and will increase that number to 10 within three years.
Three months later Ryanair was revealed to be one of Europe’s 10 biggest sources of pollution after its carbon dioxide on intra-European flights emissions jumped 7% last year. Figures published by the airline this week suggest Ryanair’s environmental record isn’t likely to improve in a hurry. The Irish carrier expects to carry 153 million passengers in fiscal 2020, or 8% more than the financial year that ended in March. Regardless, the famously cantankerous Ryanair used this week’s investor presentation to declare itself “Europe’s greenest, cleanest airline.” And its boast isn’t entirely misplaced: Its environmental record is better than commonly understood.
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 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.
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.