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PRESS: Ryanair Plans To Shut Faro Airport Base Amid Cost-Cutting Move

Wed, 07th Aug 2019 14:36

(Alliance News) - Budget airline Ryanair PLC will shut its base at Faro International Airport in Portugal from 2020, a local cabin crew union told Reuters on Wednesday.

The news wire explained the SNPVAC union was told by the Irish airline the Faro base will close in the summer of 2020 as part of its wider cost-cutting programme.

SNPVAC Director Fernando Gandra said the timing of the announcement "appears at least strange as it comes within days of our calling a strike in Portugal and as the company is telling staff its passenger numbers have risen 9% in July from a year earlier."

The union has called a strike from August 21 to 25. This was after Ryanair refused to comply with a protocol signed in November regarding holiday pay and leave as well as compliance with the Potuguese parental law.

"We are looking into the matter and collecting data to see if it could be retaliation for the strike," Gandra added.

https://www.reuters.com/article/us-ryanair-portugal/ryanair-to-shut-faro-base-in-portugal-in-2020-union-idUSKCN1UX1GJ

Shares in Ryanair were 2.6% higher at EUR9.27 in London on Wednesday.

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Broker tips: Ryanair, 888 Holdings

(Sharecast News) - JPMorgan Cazenove placed Ryanair on 'positive catalyst watch' on Thursday ahead of the airline's capital markets day on 5 September, as it expects it to highlight the strengths of its business model and how it might achieve a circa 30% intra-European share by 2034.

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JPMorgan places Ryanair on 'positive catalyst watch' ahead of CMD

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2 Aug 2023 17:26

IN BRIEF: Ryanair non-executive director buys EUR118,200 in shares

Ryanair Holdings PLC - Dublin-based budget airline - Non-Executive Director Anne Nolan buys 7,580 shares at EUR15.59 each on Wednesday. Total aggregate value is EUR118,172.

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2 Aug 2023 08:53

Ryanair and Wizz Air post higher passenger numbers for month of July

(Alliance News) - Budget airlines Ryanair Holdings PLC and Wizz Air Holdings PLC on Tuesday said passenger traffic improved in July from a year before, with Wizz Air seeing a larger jump in numbers.

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2 Aug 2023 08:49

LONDON MARKET OPEN: Stocks slump after Fitch cuts US credit rating

(Alliance News) - Stock prices in London opened lower on Wednesday, following the same pattern as Asian markets which were sharply in the red.

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2 Aug 2023 07:50

LONDON BRIEFING: Taylor Wimpey profit falls; BAE Systems revenue up

(Alliance News) - Stocks in London are called to open lower on Wednesday, after Fitch's US rating downgrade caused Asian markets to fall sharply.

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2 Aug 2023 07:32

Ryanair, Wizz July passenger numbers soar on holiday demand

(Sharecast News) - Low cost airlines Ryanair and Wizz both reported a sharp jump in passenger numbers for July on strong summer holiday demand.

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27 Jul 2023 12:02

Ryanair accused of 'invasive' facial recognition use in Spain

(Alliance News) - A prominent digital privacy campaign group on Thursday filed a complaint against Ryanair Holdings PLC in Spain, alleging the popular budget carrier was pushing customers to undergo an "invasive facial recognition process". 

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25 Jul 2023 09:01

LONDON BROKER RATINGS: Auto Trader and Moneysupermarket ratings cut

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning:

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25 Jul 2023 07:49

LONDON BRIEFING: Stocks seen higher; Unilever posts solid profit rise

(Alliance News) - Stocks in London are set to open higher on Tuesday, buoyed by a strong performance amongst Chinese equities as Beijing pledged fresh economic support measures.

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24 Jul 2023 07:54

Ryanair Q1 profits soar, but cautious on winter demand

(Sharecast News) - Low-cost airline Ryanair reported a better-than-expected rise in first-quarter profit, boosted by strong Easter sales, but was cautious about demand over the coming months due to aircraft delivery delays from Boeing and price-conscious passengers.

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LONDON BRIEFING: Stocks to open lower; Vodafone quarterly revenue dips

(Alliance News) - Stocks in London are set to open lower on Monday, ahead of a busy week focused on key interest rate decisions from the three major central banks.

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24 Jul 2023 07:43

Ryanair gets off to a flying start as quarterly profit surges

(Alliance News) - Ryanair Holdings PLC on Monday said that quarterly revenue and profit soared, thanks to a strong Easter, as well as an extra bank holiday weekend.

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21 Jul 2023 09:33

LONDON BROKER RATINGS: Jefferies raises Hargreaves Lansdown to 'buy'

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning:

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