Budapest-based Wizz Air will continue to tap the low-cost airline business in eastern Europe, securing an advantage on western European rivals including Ryanair, Fitch Ratings has said in a review of European airlines’ recent earnings.
Willie Walsh, the boss of airline conglomerate IAG, which owns Aer Lingus, said that airports will have to cut charges they levy airlines and that Cork Airport’s financial health will not be harmed if they do so.
Global airlines are meeting under a storm pattern of trade tensions, rising oil prices and a two-month-old grounding of the Boeing Co 737 Max jetliner — threatening to put a halt to five years of strong profits in the cut-throat air travel industry.
A 16-year-old Irish student who was travelling on the same Iberia Airlines flight that prevented a 15-year-old Spanish student from boarding has said that she was "overwhelmed" by the ordeal at Dublin Airport.
A venture led by Richard Branson’s Virgin Atlantic Airways scooped up Flybe for a penny a share, all but wiping out the value of the British regional carrier hit by dwindling passenger numbers, higher oil prices and uncertainty surrounding Brexit.