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JobsThe price of oil may have hit $111 a barrel but Ryanair is still keeping margins at 19%. By introducing a raft of fare hikes on popular routes, the airline trousered €15m after tax in the third quarter.
'These guys are welcome to resign anytime. We must take a stand against directors who seem to regard our company as their personal piggy bank to be dipped into at will.' Sounds like Stelios and his board could use a few sessions in Relate. The easyJet founder is infuriated by the latest company remuneration...
'Took a photo of the moon above Necker Island to help decide where to put the Virgin Galactic hotel!' Richard Branson takes to Facebook to gush over plans for lunar domination. MT's favourite comment: 'So, just out of interest, how much for a double deluxe room with an Earth view for, say, two nights...
Cinven, the private equity firm behind Pizza Express, has been checking out flagging high street retailer Mothercare while Virgin Atlantic sizes up bmi.
The king of no-frills flying is back in the cockpit at new airline Fastjet. This time, he's taking on the African continent. But can he 'do an easyJet' all over again?
From fighter jets to 'battlespace visualisation' technology, these are the high-flyers of the aero-engineering and defence sectors.
'I will be back at the controls of a commercial airliner before I am very much older, but I may also be at the controls of the company that operates that airliner, and others like it.' Iron Maiden frontman and commercial pilot Bruce Dickinson has swooped to the rescue of Astraeus Airlines, for whom...
This week, the travel firm saw its wings clipped by a further 125 store closures. Shares have plummeted after the beleaguered firm approached its bank, cap in hand, for emergency cash.
easyJet's profits are bang on target with pre-tax earnings at £248m. This means a £195m dividend payout for shareholders. Finally, something for Stelios to smile about.
'In a biblical-type move, you even tried to turn my own brother to vote against [me], but you were unsuccessful.' The latest revelation from disgruntled easyJet founder Stelios Haji-Ioannou. In a recent email to the board, Sir Stelios accuses chairman Sir Mike Rake of using a 'divide and rule' strategy...
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