Ryanair warns of profits 'storm'
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Ryanair warns that higher fuel costs and a decline in the UK pound could cut into profit by as much as 50% this year.
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Many airline companies are finding it difficult to make a profit. The International Air Transport Association says it expects the industry to lose up to four thousand million dollars this year.
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The chief executive of Ryanair, the brash-talking budget airline expanding across Europe, said Thursday he won't pay a single cent of a 4 million euro (&#36;4.8 million) fine imposed by European Union competition authorities.
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Ryanair, Europe's biggest low-cost airline, reports a 26% drop in quarterly profit after the price of fuel soared.
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Higher passenger numbers helped Irish budget airline Ryanair increase earnings by 14.9 percent in the latest quarter despite rising fuel costs.
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HOUSANDS of British Airways passengers are threatened with Bank Holiday misery after the airline cancelled more flights. The news will heighten fears of pandemonium in the coming days as BA struggles to cope with the staff shortage at Heathrow.
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Ryanair says it plans to sue the European Commission, accusing it of not acting on claims the airline has made about rivals.
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Business & money: Union warns British Airways it could face another summer of industrial strife over strain on baggage-handling staff due to job cuts.
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EDS (Electronic Data Systems) warned yesterday that its third quarter earnings would take a significant hit from US Airways&#39; Chapter 11 filing on Sunday.
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LONDON British Airways reported a 26 percent increase in second-quarter profit on Monday, but warned that it expected a tough winter, as fuel prices remain high, and competition stiff.
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The world&#39;s airline industry is set to rack up losses of almost $5bn (Â£2.6bn, 3.6bn euros) this year, global airline body AITA has forecast.
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MADRID, Spain  - Europe's biggest no-frills  airline, Ireland's Ryanair Holdings Plc RYA.I, will turn a  profit even if oil prices hit $75 a barrel, Chief Executive  Michael O'Leary was quoted saying on Sunday.
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Ryanair chief executive Michael O&#39;Leary said Tuesday he expected EU regulators to block the Irish low cost carrier from taking over Irish airline Aer Lingus and vowed to appeal the decision.
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British Airways has said that third-quarter net profits sank 12.0 percent and revealed it would lose 80 million pounds (121 million euros, 157 million dollars) from a cancelled cabin crew strike earlier this week.
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The low-cost airline says rising oil costs could wipe as much as 40m euros from its profits - but vows not to bring in fuel surcharges.
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Low-cost airline Ryanair has been criticised by advertising watchdogs for making misleading claims.
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Europe&#39;s biggest no-frills airline, Ireland&#39;s Ryanair Holdings Plc (RYA.I: Quote, Profile, Research) , will turn a profit even if oil prices hit $75 a barrel, Chief Executive Michael O&#39;Leary was quoted saying on Sunday.