DUBLIN, Aug 11 (Reuters) – Ryanair aims to take on
the online travel companies with a new website that will offer
its 100 million annual passengers flight price comparisons,
cheap hotel rooms and location-sensitive restaurant discounts,
its chief executive said.
The overhaul of the Ryanair.com site, being developed by
about 200 IT staff hired over the past 18 months, is in part a
defensive strategy to avoid becoming dependent on third-party
sites such as Skyscanner.com and Google Flights for
DUBLIN (Reuters) – Ryanair (RYA.I: Quote, Profile, Research) is in talks with British Airways and Iberia owner International Airlines Group (ICAG.L: Quote, Profile, Research) and Aer Lingus (AERL.I: Quote, Profile, Research) about providing transfer connections for its rivals’ long-haul services for the first time in its 30-year history, Chief Executive Michael O’Leary told Reuters on Monday.
The move is a major change for how Europe’s largest low-cost carrier operates, it having previously shunned the transfer market due to the costs involved.
DUBLIN (Reuters) – China’s Bohai Leasing Co Ltd 000415.SZ has offered to buy Irish rival Avolon (AVOL.N: Quote, Profile, Research, Stock Buzz) for $2.55 billion, a 55 percent premium over its December initial public offering, the Irish firm said on Friday.
Avolon said it was considering Bohai’s $31 per share offer and a rival $30 per share bid from an unidentified bidder and was in contact with both parties.
DUBLIN (Reuters) – Ireland’s economy grew by 1.4 percent quarter-on-quarter in the first three months of the year, in a recovery that is forecast to make it the fastest-growing economy in Europe for the second year running in 2015.
Ireland’s economy expanded by 5.2 percent last year, revised up on Thursday from 4.8 percent previously, its best performance since 2007 before a property crash plunged it into recession and triggered a fiscal and banking crisis.
DUBLIN, July 27 (Reuters) – Ryanair raised its
annual passenger growth target to 14 percent on Monday, saying
it would drive capacity by using summer profits and falling fuel
prices to reduce fares in the winter.
But its share price fell 3 percent after it disappointed
some investors by not boosting its profit guidance for the year
after strong summer bookings, saying it was “too early in the
year” to change it.
DUBLIN (Reuters) – Ryanair is to launch legal proceedings against U.S. car rental firm Hertz after the two companies ended a long-running partnership in a dispute over how Ryanair sells its tickets, Europe’s largest low-cost airline said on Thursday.
Hertz, which lists Ryanair among its 20 key partnerships alongside Lufthansa, Etihad Airways and others, did not immediately respond to requests for comment.
DUBLIN, June 26 (Reuters) – Greece’s bailout battle with
Germany is casting a long shadow in Ireland, dividing political
and public opinion over whether Dublin should stand alongside
Athens as a fellow bailout recipient or push to ensure the
Greeks don’t get an easy ride.
Greece is expected to feature heavily in an upcoming Irish
general election with the centre-right ruling party Fine Gael
already pointing to Greek woes to show it was right to ignore
calls to take a confrontational style with its EU-IMF creditors.
DUBLIN/FRANKFURT, June 23 (Reuters) – The European Central
Bank increased its funding lifeline to Greece’s banks again on
Tuesday, sources with direct knowledge of the decision said,
allowing the country’s banks to stay open as Athens inches
towards a deal with creditors.
But the latest increase, which one of the people said
amounted to “a bit less than one billion euros”, prompted
warnings from politicians in Germany and Ireland.
DUBLIN (Reuters) – An Irish tribunal has ruled in favor of the former Chief Executive of RSA Ireland, Philip Smith, in an unfair dismissal case and awarded him 1.25 million euros ($1.42 million), a representative for Smith’s lawyer said on Monday.
Smith sued British insurer the RSA for constructive dismissal saying he was effectively forced out of the company in late 2013 and made the “fall guy” by the company after an increase in claims meant its reserving came in for scrutiny by the Irish central bank.
DUBLIN (Reuters) – European officials used anonymous media briefings to undermine market confidence in Ireland and increase pressure on the government to accept a bailout in 2010, the head of the finance ministry at the time said on Thursday.
Kevin Cardiff, the secretary general of the Department of Finance in November 2010, did not specify whether the officials were from the European Central Bank or European Union, the two bodies that wanted a bailout to ease wider market concerns.