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EasyJet falls behind Ryanair as budget airlines battle for dominance of Europe's skies

2016-04-07 14:56:38| Airlines - Topix.net

Michael O'Leary's Irish carrier chalked up a bigger passenger increase than its rival but both firms say French air traffic control strikes hit business Mike van Dulken at City spread-betting firm Accendo Markets said Ryanair's drive to improve customer service may be giving it the edge. The Irish airline, led by flamboyant chief Michael O'Leary, has responded to critics of its former blunt approach by slashing fees for hold baggage and letting people take more hand luggage.

Tags: of budget falls battle

 

Singapore Airlines boosts stake in Virgin Australia

2016-04-07 06:49:37| Airlines - Topix.net

The move comes as The Australian Financial Review's Street Talk column on Thursday reported Singapore Airlines was viewed as the most likely buyer of Air New Zealand's 25.9 per cent stake in Virgin. In an announcement to the Singapore Stock Exchange on Wednesday evening, the Singaporean carrier said it now owned 23.11 per cent of Virgin, up from 22.91 per cent previously.

Tags: australia singapore virgin airlines

 
 

Wednesday Sector Laggards: Trucking, Airlines

2016-04-06 20:20:29| Trucking - Topix.net

In trading on Wednesday, trucking shares were relative laggards, down on the day by about 0.8%. Helping drag down the group were shares of Universal Truckload Services , down about 3.1% and shares of USA Truck down about 2.5% on the day.

Tags: wednesday sector airlines trucking

 

China Eastern Airlines Corp. Ltd. (CEA) Coverage Initiated at Goldman Sachs

2016-04-06 15:29:14| Airlines - Topix.net

China Eastern Airlines Corp. opened at 28.91 on Wednesday. The stock has a market capitalization of $7.42 billion and a PE ratio of 7.14.

Tags: china eastern coverage corp

 

Airlines in Asia could get a lift from Alaska-Virgin merger

2016-04-06 08:02:37| Oil & Gas - Topix.net

Foreign airlines could market Alaska Air's U.S. flights to their customers in Asia and take a commission for those sales - a common airline practice called code-sharing. Travelers from Asia would earn frequent flyer miles under their preferred airline's loyalty program even while traveling on Alaska Air.

Tags: asia lift airlines merger

 

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