Michael O’Leary: Ryanair CEO’s four lessons for business leaders November 3, 2014 Ryanair’s boss proves that plain speaking needn’t hold you back. Ryanair, the no frills budget airline, known for its hard-headed attitude to customer service, raised its profit forecast yesterday, after its half-year profits rose by a third. The news followed a profit warning a year ago, when guidance was slashed. Consistently low fares and [...]
Ryanair share price rises as it hikes profit forecast and lands 200 new planes November 3, 2014 Shares in budget airline Ryanair opened nearly two per cent higher after it posted pre-tax profits of €907m (£709m) for the half-year ended 30 September, a substantial rise on the €685m (£535.5m) the company enjoyed last year. Passenger numbers in the first half rose four per cent to 51.3m and revenue climbed nine per cent. [...]
Ryanair hit with €8.3m French fine over staff contract dispute October 28, 2014 Budget airline Ryanair is facing an €8.3m (£6.55m) fine in France after a court ruled the carrier had breached its labour laws. The appeal court turned down the airline’s bid to have the decision overturned, after French authorities fined it for avoiding social security payments in the country by putting workers on contracts in Ireland. [...]
Ryanair’s share price drops as the budget airline locks Michael O’Leary in for five years October 24, 2014 Ryanair chief executive Michael O'Leary might wind up some of his customers, but the board clearly love what he's doing for the budget airline. O'Leary – whose quotes include comparing the BA/Iberia merger to a pair of drunks leaning on each other and once admitted that passengers are “bombarded” with offers the minute they [...]
Two Ryanair planes clip wings after collision at Dublin Airport causing flight delays October 7, 2014 Two Ryanair planes have clipped each other while on the runways at Dublin Airport this morning, prompting an investigation by local authorities. The incident, which was tweeted about by at least one of the passengers, doesn't appear to have been too serious: minor delays have been reported but there is no suggestion of any [...]
Ryanair soars as passenger numbers rise to record high October 2, 2014 Budget airline Ryanair received a boost yesterday as it revealed passenger numbers in September had hit a new record high. Ryanair’s total passengers last month hit a record 8.5m, soaring by 400,000 compared to 8.1m in September 2013. The budget airline also saw its load factor, the percentage of seats occupied on flights, increase to [...]
Ryanair share price climbs as it raises its traffic forecast September 25, 2014 It's the Ryanair Annual General Meeting (AGM) today, so expect plenty of outspoken soundbites from chief executive Michael O'Leary. Until then, investors will have to make do with a statement issued by the airline this morning, saying it expects "slightly stronger traffic growth in the winter schedule" – 87 million passengers by the end [...]
Ryanair says better customer service has increased passenger numbers September 10, 2014 Ryanair has said improvements to customer service- which was largely non-existent before boss Michael O’Leary’s change of heart about his no-frills approach- has increased the number of passengers per flight by at least six compared to last year. The budget airlines chief finance man Howard Millar said better customer service and the way it sold [...]
Ryanair share price climbs as $10bn deal for 100 Boeing planes nears September 7, 2014 Ryanair isn’t keeping costs low when it comes to buying planes. The budget airline is said to be close to finalising a potential $10bn (£6bn) deal with Boeing for around 100 of its new 737 Max jetliners. Shares closed 0.75 per cent higher on Friday and a significant fleet announcement is due from both companies [...]
Ryanair’s passenger numbers soar to a record high in August September 3, 2014 OUTSPOKEN Ryanair boss Michael O’Leary stayed resolutely quiet yesterday as the budget airline announced record monthly traffic. Passenger numbers grew four per cent, from 9m in August 2013 to 9.4m in the same month this year, pushing shares in the group 1.57 per cent higher yesterday to close at €7.39. Marketing manager Kenny Jacobs attributed [...]