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Ryanair Forecasts 2014 Growth

Ryanair Holdings PLC posted a rise in both profit and revenue for the year and forecast further growth in 2014 as it continued to open new bases and routes and take market share from struggling rival European carriers."Ryanair believes that its unique low cost advantage will enable the airline to achieve a 20% share of the European short-haul market over the next five years, particularly given that many of Europe's high fare incumbents are restructuring and cutting capacity," Chief Executive Michael O'Leary said Monday.The airline, Europe's leading budget carrier by passenger numbers, said net profit for the year ended March 31 rose to EUR569.3 million ($730.8 million) from EUR560.4 million from a year earlier. Operating profit before exceptional items, the measure looked at most closely by analysts, rose 16% to EUR718.2 million on an 11% rise in revenue to EUR4.88 billion as Ryanair flew 79.3 million passengers in the period, up 4.6%. Ancillary revenue, or income from sales other than...

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  1. Airbus wins coveted BA mini-jumbo order

    International Airlines Group unveiled orders for 18 Airbus A350 long-haul jets for its British Airways arm and said it was in further talks with Airbus and Boeing to...

  2. IAG orders 18 Airbus A350 for British Airways

    International Airlines Group unveiled orders for 18 Airbus A350 long-haul aircraft for its British Airways arm and said it was in further talks with Airbus and Boein...

  3. IAG Orders Airbus A350 Aircraft for Longhaul Fleet

    International Consolidated Airlines Group SA (IAG.LN), the parent company of British Airways and Iberia, Monday said it is ordering Airbus A350 aircraft for the grou...

  4. Lufthansa Flights Hit By Strike Over Cost-Cutting Plan

    Deutsche Lufthansa AG (LHA.XE) Chief Executive Officer Christoph Franz Monday faced the biggest test to his resolve to push through a wide-ranging cost-reduction pla...

  5. Without my Airline Credit Card, how do I Keep my Miles From Expiring?

    Dear Cashing In,I no longer have an AAdvantage credit card. How do I keep my American Airlines miles from expiring? -SylviaDear Sylvia,Like United, US Airways and Fr...

  6. Vacay Layaway: Pay Now, Enjoy Later Plans Spread to Vacations

    Hear the word "layaway" and you'll probably envision presents under the Christmas tree. But instead, imagine yourself at the beach under a palm tree, as travel agenc...

  7. Qatar Airways hopes its Dreamliners fly again in April

    Qatar Airways Chief Executive Officer Akbar Al Baker said he hopes that all five of the airline's Boeing 787s will be back in service by the end of April, as confide...

  8. Seven Travel Secrets of Experienced Fliers

    7 Travel Secrets of Experienced FliersWhen it comes to making a trip go more smoothly, experienced fliers have their own travel secrets -- from squeezing the most ou...

  9. American Air woos business flyers with new L.A. flights

    AMR Corp's American Airlines, moving to gain more business travelers, on Wednesday said it plans to expand service from Los Angeles by adding flights to nine cities ...

  10. 6 Insider Tips to Save Money on Summer Airfare

    Let's face it: Vacations can be expensive.From costly flights to overpriced hotel rooms, those travel memories can often be far from priceless. But just how expensiv...

  11. Airbus Closing in on British Airways Order

    Airbus is close to securing a $7 billion order from British Airways for Airbus A350 jets, according to a report on Monday by Reuters.Citing industry sources, Reuters...

  12. Airbus seen close to BA deal, adding pressure for Boeing revamp

    A potential $7 billion order from British Airways for Airbus A350 jets is set to hand Boeing Co its next major challenge as it nears the end of a three-month crisis ...

  1. JP Morgan names Cristerna, Ventresca co-heads of global M&A: memo

    JP Morgan has appointed Hernan Cristerna and Chris Ventresca to the newly created roles of co-heads of global mergers and acquisitions (M&A), according to a memo see...

  2. British Airways owner's losses grow on Iberia hit

    International Airlines Group reported wider first-quarter operating losses on Friday, as deepening trouble at its Spanish carrier Iberia wiped out progress at Britis...

  3. Iberia Restructuring Pushes IAG to Wider Loss

    International Consolidated Airlines Group SA (IAG.LN) is pushing ahead with its restructuring plans for its Iberia unit even as costs earmarked for redundancies in S...

  4. Qatar Eyes Bankia's Stake in British Air Parent

    Qatar has approached International Airlines Group, the parent of British Airways, about becoming its biggest shareholder by buying a stake held by Bankia S.A. (BKIA....

  5. Boeing to Offer Mini-Jumbo Soon to Step Up Competition

    Boeing looks ready to start offering its long-awaited next-generation mini-jumbo in weeks after pondering for months how to prevent a key part of the big-jet market ...

  6. European Regulators Approve Boeing's Fixes for 787 Batteries

    European regulators Tuesday approved Boeing Co.'s (BA) proposal to modify the lithium-ion batteries on its flagship 787 Dreamliner jet, clearing the way for Europe's...

  7. Air France-KLM in Talks to Find New Asia Partner for Routes to Australia

    Air France-KLM (AF.FR)'s incoming chief executive Tuesday said the Franco-Dutch airline is seeking a new partner to give its business in southeast Asia and Australia...

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