News That Matters

Tag: Ryanair

Ryanair rapped over low emissions claims

Business
Claims made by Ryanair about its carbon emissions have been banned by the UK's advertising watchdog.Europe's biggest airline by passenger numbers had billed itself as the region's "lowest emissions airline" and a "low C02 emissions airline".But the Advertising Standards Authority ruled Ryanair's claims in press, TV and radio adverts could not be backed up.Ryanair hit back in a statement saying consumers could halve their carbon footprint if they switched to it.In adverts last year, the Dublin-based operator claimed to have "the lowest carbon emissions of any major airline" and to be a "low fares, low CO2 emissions" carrier "based on the top 27 European airlines".Complainants to the UK's Advertising Standards Authority (ASA) said the adverts were misleadin...
Ryanair chief’s Flybe row with Javid takes off

Ryanair chief’s Flybe row with Javid takes off

Business
The row about a government-backed rescue package for the regional airline Flybe intensified on Tuesday with a fresh attack by Ryanair's chief executive on Sajid Javid, the chancellor.Sky News has obtained a letter sent by Michael O'Leary accusing Mr Javid of making "inaccurate and seriously misleading" statements about Flybe's finances. Mr O'Leary described a short-term tax deferral granted to Flybe known as a "Time to Pay" arrangement as a "breach of state aid rules" because "all of its competitor airlines in the UK continue to pay their [Air Passenger Duty] on time".In his letter, the Ryanair boss stepped up his criticism of Flybe's owners - led by Sir Richard Branson's Virgin Atlantic - by asking Mr Javid: "If these billionaire shareholders are not willing to put their hand in their own...
Ryanair pilots vote for strike action

Ryanair pilots vote for strike action

Business
UK-based Ryanair pilots have voted to strike in a row over pay and conditions.The British Airline Pilots Association (Balpa) has announced two walkouts, one from 22-23 August, while the second strike will be from 2-4 September.It said pilots did not want to disrupt people's travel plans but felt they had no choice after "decades of Ryanair refusing to deal with unions".But the airline said the "ill-timed" strikes would endanger pilot jobs. It comes days after the budget airline warned of job losses following a sharp fall in quarterly profits to 21%, due to higher costs for fuel and staff, and reduced ticket prices.'Challenging summer'Balpa said its members have many disagreements with the airline, including over pensions, loss of licence insurance, matern...
Ryanair post first loss since 2014 amid fare cuts

Ryanair post first loss since 2014 amid fare cuts

Business
Ryanair posted a net loss of €19.6m (£17.2m) for the last three months of the year, its first quarterly loss since March 2014.The airline carried 32.7 million passengers compared with 30.4 million for the same period a year earlier as revenue rose 9% to €1.53bn.But the airline said "excess winter capacity in Europe" cut its profit.Ryanair said chairman David Bonderman will leave in the summer of 2020.While the company blamed too many airlines chasing too few passengers, costs may be the real problem, industry experts said.The company's fuel bill leapt 32% and its staff costs rose 31%. In total, Ryanair's operating costs rose 20% to €1.54bn."The heart of the big drop in their profitability is that their fuel costs are very high this ye...
Ryanair issues profit warning as fares fall

Ryanair issues profit warning as fares fall

Business
Ryanair has cut its profit forecast blaming lower-than-expected air fares. The airline's chief executive, Michael O'Leary, said Ryanair could not rule out having to cut fares further. Fares are expected to fall 7% this winter.He said the low fares were already causing problems for rivals, including Flybe which was rescued last week.Full-year profits are now expected to be in a range of €1.0bn to €1.1bn (£880m to £970m), compared with its previous forecast of €1.1bn to €1.2bn.The profit forecast has been cut despite Ryanair saying it expects to carry more passengers than forecast.It had previously warned on profits in October.Mr O'Leary said there was too much capacity on short-haul routes in Europe this winter, adding that ...