News by tag: Airline industry

24.07.2017

Ryanair's results "fly", thanks to strong Easter

A strong Easter bank holiday weekend helped Ryanair to a 55% rise in profit for the three months to the end of June. The airline reported a profit after tax of €397m for the quarter, compared to an average forecast of €366 million in a company poll of analysts.  Ryanair generated €1.9 billion in revenue during the quarter, up 13% on the same period last year and carried 35m passengers (+12%). The company notes the results are flattered by the fact that Easter fell in April this year, skewing comparisons with 2016, when it was in March.

 
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20.07.2017

CEO airline company predicts one day travellers will be paid to fly

There could be a day when an airline will pay you to fly with them, according to the CEO of WOW Air. Skúli Mogensen, founder and CEO of low-cost carrier WOW Air, says he sees a day when customers will be paid by the airline to fly with them. Wow Air founder and CEO Skuli Mogensen said to media: “I can see a day when we pay you to fly.”  "If you come to us and trust us with your booking, we can see that your airfare is reduced to zero and even reward you for it", he added.

 
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14.07.2017

EasyJet: new company in Austria to fly in Europe after Brexit

British airline EasyJet said Friday it had applied for a new air operator's certificate in Austria to allow it to continue flying in the European Union after Brexit regardless of the outcome of negotiations. The application "will allow easyJet to establish a new airline, easyJet Europe, which will be headquartered in Vienna and will enable easyJet to continue to operate flights both across Europe and domestically within European countries after the UK has left the EU," it said in a statement.

 
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