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Ryanair News Page 49

Ryanair profits hit by ash cloud

Ryanair profits hit by ash cloud

20 July 2010 Airline News

Ryanair has suffered a 24 percent slump in profits after losing €50m of business due to Iceland’s volcanic ash cloud. However Europe’s largest low-cost carrier vowed to continue expanding across the continent, where it sees the potential for most growth.

Ryanair apologies to Stelios for “Pinocchio” ads

Ryanair apologies to Stelios for “Pinocchio” ads

15 July 2010 Airline News

easyJet founder Sir Stelios Haji-Ioannou has accepted undisclosed libel damages over advertisements by Ryanair that accused him of lying. The Irish carrier ran adverts depicting Stelios as Pinocchio, suggesting he was lying about easyJet’s punctuality.

Ryanair loses Aer Lingus court battle

Ryanair loses Aer Lingus court battle

7 July 2010 Airline News

Low-cost airline Ryanair has lost the latest round in its ongoing battle to acquire rival Irish carrier Aer Lingus. Despite the setback, Ryanair was able to claim a partial victory, with the EU General Court upholding a Commission ruling stating the airline will not be forced to divest its 29.8 shareholding in Aer Lingus.

Ryanair wields axe to UK services

Ryanair wields axe to UK services

29 June 2010 Airline News

Ryanair is cutting its UK capacity by 16 percent next winter, equating to 2 million fewer passengers, as it shifts operations to its European bases to take advantage of cheaper air passenger duty. Stansted is the hardest hit with 135 fewer flights per week.

Ryanair boss backs BA bid to break unions

Ryanair boss backs BA bid to break unions

2 June 2010 Airline News

The strike by British Airways cabin crew has entered a fourth day after fresh talks last night failed to reach an agreement. However the beleaguered airline has found an unlikely ally in Ryanair chief executive, Michael O’Leary, who praised its management for the handling of the dispute and its endeavours to break the union stranglehold.

Up, up and away for Ryanair – profits soar 280 percent

Up, up and away for Ryanair – profits soar 280 percent

1 June 2010 Airline News

Ryanair has defied the aviation slump by posting a 280 percent increase in pre-tax profits to €350m for the full financial year. The budget carrier also said it will pay its first ever dividend, a one-off payment of €500m, with Michael O’Leary set for a €20m windfall.

New ash flight rules set to come into force

New ash flight rules set to come into force

18 May 2010 Airline News

New measures developed by the Civil Aviation Authority are due to come into force today in an effort to reduce disruption caused by volcanic ash. Following talks between airlines, regulators, and aircraft manufacturers, the CAA has developed a new Time Limited Zone, allowing aircraft to fly through higher volumes of ash for shorter periods.

Ryanair U-turn - it WILL compensate ash-stranded passengers

Ryanair U-turn - it WILL compensate ash-stranded passengers

22 April 2010 Airline News

Ryanair has made a dramatic climb down from an earlier decision to refuse to pay the hotel and food bills of passengers stranded by the ash cloud. Instead the budget carrier has bowed to passenger outrage following its flouting of strict EU regulation that requires coverage of costs.