Last week's volcanic ash cloud cost European Union airlines 1.5-2.5 billion euros ($2-3.3 billion), the EU executive said as it proposed a series of actions to help the cash-strapped industry.
British Airways posted a surprise third-quarter operating profit, helped by heavy cost cutting, but said it was still in a worse position than last year, despite attempts to adapt to the realities of global recession.
Climate Showdown; Ryanair Ends Boeing Talks; Biggest Holiday Shopping Weekend
Irish airline Ryanair said it had pulled out of talks to buy 200 aircraft from Boeing and would now trim investment from 2011 to cut costs and free up cash to pay to investors, lifting its shares.
Taking advantage of down market prices, United Airlines said on Tuesday it placed a $10 billion-plus order for 50 wide-bodied jetliners divided between Airbus and Boeing Co , in a bid to slash fuel costs and emissions.
Irish airline Aer Lingus toned down its opposition to a deal with arch-rival Ryanair, saying on Thursday a tripling of losses, rapid cash burn and difficulties in raising funds threatened its independence.
British Airways said on Friday it saw no improvement in bleak trading conditions and vowed to continue to cut costs, rounding off another miserable week for Europe's airlines.
Irish budget airline Ryanair cut full year profit forecasts to the lower end of its range on Monday due to falling yields, sending its shares down 10 percent and impacting the broader airlines sector.
Irish airline Ryanair on Monday posted a better-than-expected 550 percent rise in first quarter profit thanks to a large reduction in fuel costs but said its outlook remained cautious for the rest of the year.
Ryanair is seeking to cut costs and also to make flights cheaper to its passengers by offering them an option of taking a standing flight and paying a lower price for the ticket.
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The Advertising Standards Authority (ASA) has said that budget airline easyJet broke advertising rules by increasing its fares after advertising a 25 per cent discount on its routes.
The Advertising Standards Authority (ASA) has said that it has asked the Office of Fair Trading (OFT) to consider taking action against budget airline Ryanair for misleading consumers in its adverts and for unwillingness to comply with ASA rulings
Ryanair on Monday posted a 26 percent rise in second-quarter net profit broadly in line with analysts' expectations and raised full-year guidance as it pointed to brighter prospects for the winter.
Budget airline Ryanair said on Thursday it was ready to launch 80 routes to two Milan airports, stepping in as struggling Alitalia cuts back in Italy's industrial heartland.
The global airlines body IATA said on Monday it had placed its last order for paper tickets, clearing the way for air travel to be based entirely on electronic ticketing from June 1 next year.
The EU said the merger of leading Irish airlines would destroy competition.
Europe's largest low-fares airline, Ryanair, announced on Friday an order for 32 Next-Generation Boeing 737-800 jets valued at $2.25-billion.
Ryaniar today raised it’s Net Profit guidance to approxiamately 335m Euros, an increase of 10%. Previously the guidance was an increase of 5%.
Budget airline Ryanair today out forward a complaint to the European Commission, reports Reuters.
Ryanair today announced a five year deal with InviseoMedia to install seatback advertising across its current and future fleet of 239 Boeing 737 800 aircraft.
The government is likely to announce an easing of air travel rules next week after security was tightened last month
