No-Frills Ryanair to Pay EU Fine
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Ryanair, the Irish-headquartered budget airline expanding rapidly across Europe, said Wednesday it intends to pay a hefty fine to settle European Union charges it received unfair subsidies.
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The EU fines five oil and chemical firms including Italy's Eni and Royal Dutch Shell Â£519m ($682m) for fixing rubber prices.
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Mastercard must drop fees it charges for cross-border transactions or face daily fines of 3.5 percent of daily global turnover, European Union regulators said Tuesday.
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Ryanair boss Michael O'Leary says that the EU would be unlawful to halt a bid for Ireland's Aer Lingus.
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Ryanair, Europe's biggest low-cost airline, reports a 26% drop in quarterly profit after it cut fares and the price of fuel jumped.
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Europe's two biggest low-cost airlines, Ryanair and easyJet, are busily competing for business in Spain. via Bangladesh News
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The spat between airports operator BAA and no frills carrier Ryanair escalated yesterday as Ryanair chief executive Michael O&#39;Leary branded BAA an &quot;over-charging monopoly&quot; and BAA added another Â£7m to Ryanair&#39;s bill.
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Ryanair, Europe's biggest budget airline, reports a 33% rise in profits, lifted by higher ticket prices and charges.
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Ryanair posted a 33 percent increase in annual net profit, helped by higher ticket prices, but it said profit growth would slow as higher interest rates prompted travelers to seek cheaper deals. Ryanair, the biggest low-cost carrier in Europe, said it expected profit growth of about 5 percent in the year ahead, with average ticket prices falling as higher borrowing costs curb consumer spending in Britain, the Irish airlineâs biggest market. Excluding one-time items, profit after taxes rose to 401.4 million euros ($540.4 million) in the 12 months that ended March 31, up from 301.5 million euros a year earlier, and better than the 393.5 million euros expected by analysts. Ryanair said its load factor fell to 80 percent in May from 82 percent a year earlier.
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DUBLIN/LONDON  - Ryanair , Europe's biggest budget airline, launched a surprise bid for Aer Lingus  on Thursday, valuing the former Irish state airline at 1.48 billion euros ($1.9 billion) but met an immediate refusal by the Irish government to sell its remaining stake.
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Ryanair , Europe's biggest budget airline, launched a shock bid for Aer Lingus  on Thursday, valuing the former Irish state carrier -- which listed just four days ago -- at 1.48 billion euros ($1.9 billion).
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A US judge upholds a $300m fine against British Airways for trying to fix the price of fuel surcharges.
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LONDON : Ryanair, the Irish no-frills airline, said net profit rose 15 percent for the quarter to September, adding it was well-placed to combat the threat of record high oil prices and fierce competition.
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OnAir said Wednesday that it had signed up its first customer to provide in-flight mobile phone use in Europe. RyanAir, a budget airline, would retrofit its entire fleet of Boeing 737's with the company's mobile solution.
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A French court ordered Ryanair to pay damages to President Nicolas Sarkozy and his new wife for using a photograph of them in an advertisement.
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Ryanair Holdings PLC will repay 4 million euros ($5.1 million) in aid from a regional government in Belgium while it appeals a European Union finding that the funding was illegal.
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Budget airline Ryanair is obliged to be taken to court under EU law if it fails to pay back illegal state aid for flying to Belgium's Charleroi airport.