Conor's Feed
Jan 22, 2015

Ryanair’s ascent can’t be repeated, says former finance boss Millar

DUBLIN, Jan 21 (Reuters) – Having been at the financial
controls since Ryanair’s traffic has climbed from under
1 million passengers a year to over 90 million, Howard Millar is
confident no upstart can repeat that performance.

“That (low-cost) train has left the station a long time ago
and I think it will be increasingly difficult for start-ups to
gain any traction,” he told Reuters on the sidelines of an
annual aviation finance gathering in Dublin.

Jan 21, 2015

Ryanair says may return to bond market in next 12-18 months

DUBLIN, Jan 21 (Reuters) – Ryanair could return to
the bond market in the next 12-18 months after its debut bond in
June was well received, the airline’s chief financial officer
told Reuters on Wednesday.

“This is a market that we will come back to at some stage
over the next 12-18 months,” Neil Sorahan said in an interview.

Dec 18, 2014

Aer Lingus rejects takeover approach from British Airways owner

LONDON/DUBLIN, Dec 18 (Reuters) – Aer Lingus has
rejected a takeover approach from the owner of British Airways
, which is keen to gain control of the Irish airline’s
slots at London’s Heathrow Airport.

Shares in Aer Lingus surged as much as 20 percent
on Thursday after the Financial Times reported that British
Airways-owner International Consolidated Airlines Group (IAG)
was considering a takeover bid.

Dec 10, 2014

Aer Lingus shareholders back pensions deal

DUBLIN, Dec 10 (Reuters) – Aer Lingus’ shareholders on
Wednesday voted in favour of a plan to inject 191 million euros
($237 million) into a staff pension fund, one of the final
obstacles to resolving a dispute that has weighed on Aer Lingus’
share price for years.

The pension scheme, which employees at Aer Lingus share with
other aviation industry workers, has a deficit of more than 700
million euros ($876 million) compared with Aer Lingus’ market
capitalisation of 965 million euros.

Dec 8, 2014

Families of the Disappeared suffer as Northern Ireland drags feet on past

GLENAVY, Northern Ireland (Reuters) – As Brendan Megraw’s coffin was lowered into his family grave 36 years after he was kidnapped and shot by the IRA, the mourners at the cemetery felt relief but also anger at Northern Ireland’s reluctance to investigate its past.

Among those gathered at the graveside were relatives of a dozen other people “disappeared” by the Irish Republican Army in the 1970s and 80s. Six bodies remain missing and, like most of the 3,600 victims of the “Troubles”, none of the crimes have been solved.

Nov 22, 2014

Irish PM’s party popularity hit by water levy protests: poll

DUBLIN (Reuters) – The popularity of Irish prime minister Enda Kenny’s party has slumped since it announced the first non-austerity budget in seven years last month and mass protests against new water charges began, an opinion poll showed on Saturday.

Only 22 percent of voters said they would vote for Kenny’s center-right Fine Gael party, down 6 percentage points since the Oct. 14 budget and 14 points since its election in 2011, the RED C-Sunday Business Post opinion poll, said.

Nov 21, 2014

EU and ECB urge Ireland to continue austerity

DUBLIN (Reuters) – The European Union and European Central Bank on Friday urged Ireland to continue to cut its budget deficit, weeks after the government signalled to voters that the austerity era was over.

Ireland last year became the first country to exit a bailout programme from the EU, ECB and International Monetary Fund, and is forecasting the highest growth rates in the euro zone this year.

Nov 7, 2014

Ryanair charm offensive clears way for assault on Europe

DUBLIN, Nov 5 (Reuters) – It took Ryanair boss Michael
O’Leary three years, two profit warnings and a grilling by
shareholders to admit it might be time to stop “unnecessarily
pissing off” customers.

But 12 months of love-bombing and studiously matching
rivals’ perks has helped him deliver Ryanair’s best summer ever,
launch a growing business class and set the airline on course to
control one in five seats on Europe’s short-haul planes by 2019.

Nov 5, 2014

Aer Lingus staff back pension deal in ‘milestone’ vote

DUBLIN, Nov 5 (Reuters) – Aer Lingus employees
approved proposals to plug the airline’s pension deficit on
Wednesday, a major hurdle in resolving an issue that analysts
say has weighed on the Irish carrier’s share price for years.

The scheme, which employees at Aer Lingus share with other
aviation industry workers, has a deficit of more than 700
million euros ($874.16 million) compared to Aer Lingus’ market
capitalisation of 800 million euros.

Nov 3, 2014

Ryanair hikes profit forecast on surge in winter bookings

DUBLIN, Nov 3 (Reuters) – Ryanair hiked its annual
profit forecast almost 20 percent on Monday on a surge in winter
bookings and said it would slash fares by up to 10 percent in
the new year to steal more market share from struggling
higher-cost rivals.

The improved guidance comes after Europe’s largest low-cost
carrier introduced a series of customer service improvements and
offered a new business fare with free checked-in baggage and the
ability to make flight changes.