Low-cost airlines http://www.globalpost.com/taxonomy/term/23542/all en Ryanair passenger numbers up 2 pct in December http://www.globalpost.com/dispatch/news/thomson-reuters/130107/ryanair-passenger-numbers-2-pct-december <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p><body></body></p> <p>DUBLIN, Jan 7 (Reuters) - Ryanair said passenger<br /> numbers grew 2 percent in December year-on-year, as it carried<br /> 4.8 million passengers.</p> <p>Europe's largest low-cost airline also said on Monday its<br /> load factor - a measure of the proportion of seats sold - rose<br /> to 81 percent from 79 percent a year ago.</p> <p> </p> Airline Aviation CDATA European Low Fares Airline Association Low-cost airlines Passenger load factor Ryanair Transport Thomson Reuters Mon, 07 Jan 2013 14:09:04 +0000 5731334 at http://www.globalpost.com Ryanair closing in on major Boeing order - sources http://www.globalpost.com/dispatch/news/thomson-reuters/130123/ryanair-closing-major-boeing-order-sources <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>DUBLIN, Jan 23 (Reuters) - Low-cost Irish airline Ryanair is closing in on a deal to buy at least 150 Boeing 737 passenger jets and the contract could be signed within weeks, industry sources said.</p> <p>Most or all of the planes would likely be current generation 737s rather than the upcoming Max upgrade, which would allow Ryanair to secure a significant discount on the list price, two of the sources said on Wednesday.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130123/ryanair-closing-major-boeing-order-sources" target="_blank">read more</a></p> Aviation Boeing European Low Fares Airline Association Low-cost airlines Thomson Reuters Wed, 23 Jan 2013 14:30:55 +0000 5738309 at http://www.globalpost.com UPDATE 1-Ryanair closing in on major Boeing order -sources http://www.globalpost.com/dispatch/news/thomson-reuters/130123/update-1-ryanair-closing-major-boeing-order-sources <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* Order of at least 150 737s could be signed within weeks</p> <p>* Most or all planes likely current generation 737s -sources</p> <p>* Ryanair says order not expected until later in the year</p> <p>By Tim Hepher and Conor Humphries</p> <p>DUBLIN, Jan 23 (Reuters) - Low-cost Irish airline Ryanair is closing in on a deal to buy at least 150 Boeing 737 passenger jets and the contract could be signed within weeks, industry sources said.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130123/update-1-ryanair-closing-major-boeing-order-sources" target="_blank">read more</a></p> Aviation Boeing European Low Fares Airline Association Low-cost airlines Ryanair Thomson Reuters Wed, 23 Jan 2013 17:45:41 +0000 5738402 at http://www.globalpost.com UPDATE 2-EasyJet revenue gets business passenger boost http://www.globalpost.com/dispatch/news/thomson-reuters/130124/update-1-easyjet-revenue-jumps-business-travel-uplift <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* Q1 revenue up 9.2 pct to 833 mln pounds</p> <p>* Passenger numbers up 6.2 pct to 13.7 mln pounds</p> <p>* Sees H1 seasonal loss between 50-75 mln pounds</p> <p>* Shares up 3.6 percent, hit fresh record high (Adds company, analyst comment, shares, details)</p> <p>By Rhys Jones</p> <p>LONDON, Jan 24 (Reuters) - British budget airline easyJet said quarterly revenue rose 9.2 percent, after it attracted more business travellers by adding flights on routes where rivals have cut capacity.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130124/update-1-easyjet-revenue-jumps-business-travel-uplift" target="_blank">read more</a></p> Aviation European Low Fares Airline Association Labor Low-cost airlines Thomson Reuters Thu, 24 Jan 2013 08:45:26 +0000 5738704 at http://www.globalpost.com UPDATE 2-Ryanair lifts profit forecast on resilient N. Europe http://www.globalpost.com/dispatch/news/thomson-reuters/130128/update-2-ryanair-lifts-profit-forecast-resilient-n-europe <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* Ups FY profit forecast to 540 mln euros from 490-520 mln</p> <p>* Average fares surge 8 percent in three months to December</p> <p>* UK, Germany, Scandinavia unexpectedly strong</p> <p>By Conor Humphries</p> <p>DUBLIN, Jan 28 (Reuters) - Ryanair hiked its full-year profit forecast on Monday as strong demand in Northern Europe lifted average fares dramatically in the last three months of 2012.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130128/update-2-ryanair-lifts-profit-forecast-resilient-n-europe" target="_blank">read more</a></p> Aviation Business Entertainment European Low Fares Airline Association Low-cost airlines Ryanair Thomson Reuters Mon, 28 Jan 2013 08:45:36 +0000 5740371 at http://www.globalpost.com European shares flat as airlines retreat http://www.globalpost.com/dispatch/news/thomson-reuters/130128/european-shares-flat-airlines-retreat <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* FTSEurofirst 300 down 0.1 pct</p> <p>* Budget airlines fall after Ryanair numbers</p> <p>* Banks lead financial gains on recovery optimism</p> <p>* Investment banks turn cautious on equities short-term</p> <p>By David Brett</p> <p>LONDON, Jan 28 (Reuters) - Weak airlines offset gains for the financial sector on Europe's stock exchanges on Monday, while several indicators suggested the new-year bull-run for European shares could have peaked for now.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130128/european-shares-flat-airlines-retreat" target="_blank">read more</a></p> Business European Low Fares Airline Association Human Interest Low-cost airlines Ryanair Thomson Reuters Mon, 28 Jan 2013 12:30:17 +0000 5740434 at http://www.globalpost.com Court orders Ryanair to cough up for volcano chaos http://www.globalpost.com/dispatch/news/afp/130131/court-orders-ryanair-cough-volcano-chaos <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>The European Court of Justice Thursday ordered Irish airline Ryanair to compensate passengers whose travel plans were thrown into chaos by the 2010 eruption of an Icelandic volcano, in a ruling with implications for the entire industry.</p> <p>The airline immediately warned that ticket prices even for budget travellers will rise to offset costs from any future extreme events that the company previously considered to be "acts of God" for which it was not financially responsible.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130131/court-orders-ryanair-cough-volcano-chaos" target="_blank">read more</a></p> European Low Fares Airline Association Low-cost airlines Ryanair Ryanair AFP Thu, 31 Jan 2013 16:30:15 +0000 5741845 at http://www.globalpost.com French court fines EasyJet for disabled discrimination http://www.globalpost.com/dispatch/news/afp/130205/french-court-fines-easyjet-disabled-discrimination <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>A French court on Monday upheld a 70,000-euro ($95,000) fine imposed on low-cost airline EasyJet for refusing to allow three wheelchair-bound passengers to board its planes.</p> <p>The airline had appealed the initial ruling delivered a year ago but the Paris court rejected the bid.</p> <p>The three passengers were barred from three EasyJet flights at Paris's Roissy-Charles de Gaulle hub between November 2008 and January 2009.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130205/french-court-fines-easyjet-disabled-discrimination" target="_blank">read more</a></p> EasyJet European Low Fares Airline Association Low-cost airlines AFP Tue, 05 Feb 2013 14:46:03 +0000 5746435 at http://www.globalpost.com Boom or bust: Competition hots up for Indonesia's budget airlines http://www.globalpost.com/dispatch/news/thomson-reuters/130206/boom-or-bust-competition-hots-indonesias-budget-airlines <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>By Anshuman Daga and Janeman Latul</p> <p>SINGAPORE/JAKARTA, Feb 7 (Reuters) - Indonesia's economic boom should be a bonanza for airlines clamouring for a slice of the world's fourth-most populous country. But the bankruptcy of its No. 4 airline, Batavia Air, shows how smaller operators are finding it hard to survive.</p> <p>Batavia became the second budget carrier to run into debt problems in Indonesia in the past two years - a victim of the extremely tight operating margins that exist in what is a crowded market.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130206/boom-or-bust-competition-hots-indonesias-budget-airlines" target="_blank">read more</a></p> Aviation Low-cost airlines Transport War Thomson Reuters Wed, 06 Feb 2013 21:15:45 +0000 5748129 at http://www.globalpost.com Air Asia and India's Tata propose joint airline http://www.globalpost.com/dispatch/news/afp/130220/air-asia-and-indias-tata-propose-joint-airline <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Asia's largest low-cost carrier AirAsia on Wednesday announced plans to invest in an airline joint venture with India's giant Tata conglomerate and another investor.</p> <p>"AirAsia through its investment arm has applied to the Foreign Investment Promotion Board (FIPB) seeking approval to invest 49 percent into a proposed joint venture with Tata Sons and Telestra Tradeplace," the statement said.</p> <p>"Indian aviation has enormous long-term growth potential and is expected to produce tremendous upside for first movers."</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130220/air-asia-and-indias-tata-propose-joint-airline" target="_blank">read more</a></p> AirAsia Low-cost airlines Transport AFP Wed, 20 Feb 2013 11:31:19 +0000 5760931 at http://www.globalpost.com AirAsia and India's Tata propose joint airline http://www.globalpost.com/dispatch/news/afp/130220/airasia-and-indias-tata-propose-joint-airline <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Asia's largest low-cost carrier AirAsia on Wednesday announced plans to invest in an airline joint venture with India's giant Tata conglomerate and another party.</p> <p>The proposal, if cleared, would be the first foreign investment in India's aviation sector since the government last September allowed overseas airlines to take up to a 49 percent stake in domestic operators.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130220/airasia-and-indias-tata-propose-joint-airline" target="_blank">read more</a></p> Aviation Low-cost airlines Social Issues Tata Sons Technology Transport AFP Wed, 20 Feb 2013 13:31:01 +0000 5761063 at http://www.globalpost.com AirAsia's Indian venture plans take-off by year-end http://www.globalpost.com/dispatch/news/afp/130221/airasias-indian-venture-plans-take-year-end <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Asia's biggest low-cost carrier AirAsia said Thursday its new airline joint venture with India's giant tea-to-steel Tata conglomerate may start operations by year-end.</p> <p>The new budget airline plans to operate from the southern Indian city of Chennai and boost connectivity between smaller towns for Indian travellers.</p> <p>The time of the launch "is in the hands of the Indian regulator... but most likely it will start by the fourth quarter", AirAsia's chief executive Tony Fernandes said in a conference call.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130221/airasias-indian-venture-plans-take-year-end" target="_blank">read more</a></p> Aviation Low-cost airlines Transport AFP Thu, 21 Feb 2013 12:45:59 +0000 5762068 at http://www.globalpost.com AirAsia's Indian venture plans take-off by year-end http://www.globalpost.com/dispatch/news/afp/130221/airasias-indian-venture-plans-take-year-end-0 <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Asia's biggest low-cost carrier AirAsia said Thursday its new airline joint venture with India's giant tea-to-steel Tata conglomerate may start operations by year-end.</p> <p>The new budget airline plans to operate from the southern Indian city of Chennai and boost connectivity between smaller towns for Indian travellers.</p> <p>The time of the launch "is in the hands of the Indian regulator... but most likely it will start by the fourth quarter", AirAsia's chief executive Tony Fernandes said in a conference call to reporters.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130221/airasias-indian-venture-plans-take-year-end-0" target="_blank">read more</a></p> Aviation Low-cost airlines The AirAsia Transport AFP Thu, 21 Feb 2013 14:15:57 +0000 5762163 at http://www.globalpost.com AirAsia profit soars, bullish on outlook http://www.globalpost.com/dispatch/news/afp/130226/airasia-profit-soars-bullish-outlook <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>AirAsia, Asia's largest low-cost carrier by fleet size, said Tuesday that its fourth-quarter profit jumped 168 percent year-on-year amid increased passengers.</p> <p>AirAsia said in a statement that net profit for the quarter ending December 31 stood at 350.65 million ringgit ($114.08 million), up from 130.68 million ringgit in the same quarter the previous year thanks to "a seasonally strong quarter".</p> <p>Revenue for the quarter was a record 1.41 billion ringgit, up 10 percent, as more people flew the airline, which increased its aircraft in Malaysia to more than 60.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130226/airasia-profit-soars-bullish-outlook" target="_blank">read more</a></p> AirAsia Low-cost airlines Transport AFP Tue, 26 Feb 2013 13:16:58 +0000 5766932 at http://www.globalpost.com Malaysia Airlines logs another profit on cost cuts http://www.globalpost.com/dispatch/news/afp/130228/malaysia-airlines-logs-another-profit-cost-cuts <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Struggling flag carrier Malaysia Airlines said Thursday it recorded its best quarterly result for two years as it continued to push forward with a cost-cutting campaign.</p> <p>The airline, which a year ago admitted it was in "crisis", recorded a second consecutive quarterly net profit, earning 51 million ringgit ($16.5 million) for the last three months of 2012.</p> <p>This left it with a 433 million ringgit net loss for the 2012 financial year, a huge improvement from a record 2.5 billion loss the previous year.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130228/malaysia-airlines-logs-another-profit-cost-cuts" target="_blank">read more</a></p> Aviation Business Labor Law Low-cost airlines Transport AFP Thu, 28 Feb 2013 11:45:56 +0000 5769600 at http://www.globalpost.com