The next focusIR Investor Webinar takes places on 14th May with guest speakers from WS Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register 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
26 Feb 2024 11:17

Ryanair CEO O'Leary seeks Boeing compensation over delivery delays

(Alliance News) - Ryanair Holdings PLC Chief Executive Michael O'Leary has blasted the "debacle" at US manufacturer Boeing Co, and said that the low-cost carrier will seek compensation for flight cancellations caused by quality problems and production delays.

Read more
26 Feb 2024 10:58

Ryanair blames Boeing as it revises down passenger forecasts

(Sharecast News) - Ryanair revised down its passenger forecasts and warned of possible flight cancellations over the upcoming summer season on Monday, blaming Boeing over worsening delays in aircraft deliveries.

Read more
16 Feb 2024 10:13

IN BRIEF: Ryanair celebrates Milan court rejection of "OTA pirates"

Ryanair Holdings PLC - Swords, Ireland-based parent company of low-cost airline Ryanair UK - Notes the Wednesday decision of the Milan Court of Appeal, which rejected claims by online travel agencies, including Lastminute.com and Viaggiare, that Ryanair's exclusive online distribution model was an abuse of dominance in the Italian market. The court said that it could establish no harm to users from the direct distribution model, adding that this practice benefits consumers, who enjoy competitive fairs and direct channels of communication with the airline as a result.

Read more
15 Feb 2024 18:26

Tui customers may now also book Ryanair flights

(Alliance News) - Customers of the German travel firm Tui AG will be able to combine their accommodation with flights operated by the Irish budget airline Ryanair Holdings PLC in future.

Read more
7 Feb 2024 10:49

Ryanair wins EU court case against Dutch state aid to KLM

(Alliance News) - Ryanair Holdings PLC has won its bid to have the EU General Court overturn the European Commission's approval of Dutch coronavirus aid to KLM, due to possible spillover of French aid to KLM's sister company, Air France.

Read more
2 Feb 2024 17:12

LONDON MARKET CLOSE: Stocks mixed as US jobs data dashes rate cut hope

(Alliance News) - Stock prices in London closed mixed, after hotter-than-expected US jobs data hit already precarious investor sentiment and all but ensured the Federal Reserve will not be cutting interest rates next month.

Read more
2 Feb 2024 12:09

LONDON MARKET MIDDAY: Airlines up but oil falls on Middle East talks

(Alliance News) - Stock prices in London were higher at midday Friday, ahead of the afternoon's US jobs data, as earnings from tech behemoths overnight lifted investor morale.

Read more
2 Feb 2024 08:54

LONDON MARKET OPEN: European stocks lifted on Wall Street's gains

(Alliance News) - Stock prices in London opened higher on Friday, closing of a busy week of monetary policy decisions.

Read more
2 Feb 2024 08:08

TOP NEWS: Ryanair and Wizz Air Passenger numbers rise in January

(Alliance News) - Budget airlines Ryanair Holdings PLC and Wizz Air Holdings PLC on Friday both said passenger traffic increased in January compared to a year before, despite suspended flights to Israel amid the ongoing conflict.

Read more
1 Feb 2024 07:58

JPMorgan upgrades easyJet to 'overweight'

(Sharecast News) - JPMorgan Cazenove upgraded easyJet on Thursday to 'overweight' from 'neutral' as it took a look at European airlines.

Read more
30 Jan 2024 09:32

LONDON BROKER RATINGS: BoA cuts Barratt, Persimmon; ups Taylor Wimpey

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

Read more
29 Jan 2024 17:25

London close: Stocks turn weaker ahead of busy week for earnings

(Sharecast News) - London's stock market saw slight declines by the close on Monday, as investors turned their attention to a week filled with corporate earnings reports and central bank announcements.

Read more
29 Jan 2024 08:16

TOP NEWS: Ryanair cuts profit guidance after "softer" third quarter

(Alliance News) - Ryanair Holdings PLC on Monday slashed its full-year profit guidance, after the budget airline's flights were removed from 'pirate' travel sites and it endured a weaker festive period.

Read more
29 Jan 2024 07:43

LONDON BRIEFING: Superdry looks at saving costs; Ferrexpo loses case

(Alliance News) - Stocks in London are expected to start the week on a cautious note, as investors nervously look ahead to two key interest rate decisions.

Read more
23 Jan 2024 09:21

LONDON BROKER RATINGS: HSBC cuts Compass; Berenberg lowers Victrex

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

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.