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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. 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...

  2. Lufthansa workers to strike on Monday over pay

    Trade union Verdi has called on thousands of workers at German airline Lufthansa to go on strike on Monday to increase pressure on management in pay negotiations.Ver...

  3. Miners Lead European Markets Higher

    Miners helped lift European shares on Wednesday after trade data from top metals consumer China fueled expectations for improving demand.The FTSEurofirst 300 was up ...

  4. Emirates Airline Enters Transatlantic Market

    Dubai's Emirates Airline opened a new front in the rapid expansion of Persian Gulf-based carriers by announcing plans Monday to launch a daily flight between New Yor...

  5. Portugal Stocks Tumble In Otherwise Higher Europe

    Portugal stocks fell in a mostly firmer European market on Monday, as investors got the first chance to react to news the country's high court struck down some measu...

  6. EUROPE MARKETS: U.S. Jobs Data Send Europe Stocks To One-month Low

    European stock markets on Friday dropped the most since late October, extending losses after U.S. nonfarm payrolls saw a much weaker-than-expected rise.The Stoxx Eur...

  7. EUROPE MARKETS: Poor U.S. Data Hammer Europe Stocks

    European stock markets dropped the most in eight months on Friday, after U.S. nonfarm-payrolls data came in substantially below expectations.The Stoxx Europe 600 ind...

  8. EUROPE MARKETS: Europe Stocks Extend Slide On U.S. Jobs Data

    European stock markets dropped sharply Friday afternoon, after U.S. nonfarm-payrolls data came in substantially below expectations.The Stoxx Europe 600 index slid 1....

  9. France May Sell Parts of State-Backed Companies

    The French government is considering selling portions of state-backed companies to help improve its finances, as the crisis in the euro zone's second-largest economy...

  10. EUROPE MARKETS: Europe Stocks Slump Ahead Of U.S. Payrolls Data

    European stock markets dropped sharply on Friday, as worries mounted that the closely watched U.S. nonfarm payrolls would come in well below expectations in the ligh...

  11. EUROPE MARKETS: Europe Stocks Drop Ahead Of U.S. Payrolls Data

    European stock markets extended losses for a third day on Friday, as investors stayed on the sidelines ahead of the closely watched U.S. jobs report.The Stoxx Europe...

  12. Analysis: Austerity threatens EU's competitive edge in infrastructure

    Europe's carefully maintained autobahns, high-speed TGV trains and vast network of modern airports have long been the envy of the world.But thanks to austerity budge...

  1. 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...

  2. Emirates Gets Boost from Qantas Deal

    Emirates Airline expects this year to be more profitable as it continues to push more passengers through its hub in Dubai, an effort helped by its recent alliance wi...

  3. France's Hollande Announces Investment Plan

    French President Francois Hollande marked the anniversary of his first year in office by announcing a raft of spending measures on Monday aimed at shoring up France'...

  4. France's Hollande Announces Investment Plan On First Anniversary

    French President Francois Hollande marked the anniversary of his first year in office by announcing a raft of spending measures Monday aimed at shoring up France's a...

  5. EUROPE MARKETS: Europe Stocks Struggle With London Out, U.S. Flat

    European stock markets struggled for direction on Monday, with volumes hampered by a lack of trading in London. Retail sales data for Europe were among the few focal...

  6. French Fin Min: Government to Sell Parts of its Corporate Holdings But Not Privatize

    The French government intends to sell parts of its holdings in state-backed companies as a way of financing necessary investment to fuel growth, but it doesn't plan ...

  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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