The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksRYA.L Share News (RYA)

  • There is currently no data for RYA

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Ryanair threatens to shut its operations at Bordeaux airport

Wed, 20th Mar 2024 19:24

(Alliance News) - Ryanair Holdings PLC on Wednesday threatened to shut its base at Bordeaux if the southwestern French airport raises its fees, putting 120 jobs at risk according to a union.

"The airport I think wants to double our cost, we're not willing to pay double the cost at Bordeaux," Michael O'Leary, head of the low-cost Irish airline, told AFP.

"I think there's a real risk we might close the base in Bordeaux maybe at the end of the summer season," he said on the sidelines of an airline conference in Brussels.  

"We have three aircraft based there, we've got a very successful operation, lots of good employees. But if the response of the airport is 'pay us double the fees', the answer is no. We'll move the aircraft somewhere else." 

The airport said in a statement to AFP that it "regrets that Ryanair has informed its employees, without talking to Bordeaux airport, of the possibility of closing its base".

It added that it "is regrettable that Ryanair and its management make totally erroneous comments about the level of charges at the airport". 

On Tuesday, the SNPNC-FO union expressed its "profound concern" about Ryanair's threats, which it said concerned 120 jobs.  

Bordeaux-Merignac in 2023 was the eighth-busiest French airport with 6.6 million passengers.

However, this figure is just 85.5% of pre-Covid 2019 levels whereas the average for French airports was 92.7%.

Bordeaux's airport was particularly hit by the end of its flights to Paris, victim of a French government ban on any domestic flights that can be replaced by train in less than three hours.   

source: AFP

Copyright 2024 Alliance News Ltd. All Rights Reserved.

More News
16 Dec 2022 14:57

UK's Civil Aviation Authority slams 'unacceptable' Wizz Air behaviour

(Alliance News) - Wizz Air Holdings PLC has been slammed by UK's aviation regulator for "unacceptable" behaviour as its passengers are far more likely to make escalated complaints than those of other airlines.

Read more
15 Dec 2022 09:25

LONDON BROKER RATINGS: Goldman Sachs likes Big Yellow, Great Portland

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

Read more
13 Dec 2022 10:28

LONDON BROKER RATINGS: Oddo BHF and Deutsche Bank cut easyJet

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

Read more
12 Dec 2022 17:10

LONDON MARKET CLOSE: Stocks fall as GDP reading fails to improve mood

(Alliance News) - Stock prices in London started the week in the red on Monday, as a surprise UK GDP print failed to alleviate recession concerns, and investors looked ahead to the week's central bank decisions from the UK, the EU and the US.

Read more
12 Dec 2022 14:22

Ryanair won't appeal Supreme Court decision on passenger compensation

(Alliance News) - The UK Civil Aviation Authority on Monday said Ryanair Holdings PLC has decided not to appeal a Supreme Court decision on passenger compensation in the case of a pilot strike back in 2018.

Read more
8 Dec 2022 09:48

LONDON BROKER RATINGS: JPMorgan cuts Travis Perkins; BofA likes IAG

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

Read more
7 Dec 2022 21:25

TRADING UPDATES: Ryanair extends CEO contract; Sovereign eye demerger

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

Read more
2 Dec 2022 08:59

LONDON MARKET OPEN: Stocks mixed with eyes on US data; dollar weaker

(Alliance News) - Stocks in London were mixed at the open on Friday ahead of the release of a key gauge of US economic health, the non-farm payrolls report, which many expect to influence the size of the Federal Reserve's next interest rate hike at its next meeting this month.

Read more
2 Dec 2022 08:33

CORRECT: Ryanair, Wizz Air top pre-Covid passenger count in November

(Corrects Ryanair's load factor for November 2019.)

Read more
2 Dec 2022 08:24

TOP NEWS: Ryanair, Wizz Air top pre-Covid passenger count in November

(Alliance News) - Ryanair Holdings PLC and Wizz Air Holdings PLC on Friday reported that they carried more passengers in November than during pre-pandemic November three years ago.

Read more
2 Dec 2022 07:54

LONDON BRIEFING: Asos interim CFO departs; Safestore enters Germany

(Alliance News) - Stocks in London are set to open marginally lower on Friday, ahead of US non-farm payrolls later in the day, a piece of data expected to loom large for the US Federal Reserve at its December meeting.

Read more
1 Dec 2022 10:34

Ryanair signs deal with Shell on sustainable fuel

(Sharecast News) - Ryanair on Thursday said it had signed a sustainable aviation fuel supply agreement with Shell as it looked to hit its ambitious target of powering 12.5% of flights with the fuel by 2030.

Read more
9 Nov 2022 07:47

IN BRIEF: Ryanair CEO sells all 1.5 million shares in option exercise

Ryanair Holdings PLC - Dublin-based budget airline - Chief Executive Officer Michael O'Leary sells 1.5 million shares at EUR12.62, worth EUR18.9 million, on Tuesday, after exercising options for the shares at EUR8.35.

Read more
7 Nov 2022 16:57

LONDON MARKET CLOSE: FTSE 100 lags behind European counterparts

(Alliance News) - Stock prices in London came to a mixed closed on Monday, as the FTSE 100 underperformed its European peers, while the domestically-focused FTSE 250 index saw a stronger day.

Read more
7 Nov 2022 07:30

Ryanair soars to record profit on strong summer

(Sharecast News) - Budget airline Ryanair on posted record interim profits driven by summer bookings and said expected full-year profits to hit pre-Covid levels.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.