Aviation | Business Post

Ryanair reports €355m annual loss and plans to hike prices

Airline anticipates summer fares will peak above pre-pandemic levels but current bookings are depressed due to impact of Covid-19 and Russian invasion

IAG boss: European short-haul flights close to pre-Covid levels

Bookings for both for business and leisure are almost back to pre-pandemic levels despite Russia’s invasion of Ukraine, says Luis Gallego

DAA let go 248 security staff in voluntary redundancy scheme

The Business Post has learned of the extent of DAA staff redundancies over the last 18 months, as the company announces plans to hire back 300 staff to address major delays at Dublin Airport

Dublin Airport redeploys staff in attempt to ease security delays

Senior management are among those being temporarily moved to frontline services after travellers endured long waits and missed flights

Inflation set to spell higher air fares for travellers, aviation chief warns

Ali Ben Lmadani of ABL Aviation says inflation in the cost of energy, wages, raw materials and components is now rampant in the sector

Company Watch: Covid-19 pandemic cost Aer Lingus €1bn

Airline’s chief executive says she is optimistic about airline’s future despite significant losses suffered as a result of travel restrictions

Aer Lingus reports operating losses of €347m for 2021

The airline has racked up more than €700 million in operating losses over the course of the last two years as Covid-19 forced it to operate at massively reduced capacity levels

UN report finds bomb threat that grounded Ryanair flight in Belarus was ‘deliberately false’

New report details inconsistent evidence presented by Belarusian authorities, while the air traffic controller who downed Ryanair flight 4978 cannot be contacted

Government supports gave Ryanair ‘confidence’ to launch largest ever summer schedule from Dublin Airport

Airline says schedule will include 120 destinations and more than 900 weekly flights

Irish arm of Emirates airline reports positive cashflow as demand for international travel returns

The airline giant said it had seen a near 200 per cent increase in bookings from Ireland to Australia since the start of October

The co-opetition cluster: How a group of competing Irish firms have joined forces to reach new heights in the aerospace sector

As part of Emerald Aero, a number of Irish precision engineering businesses have come together to win business – and have found there’s strength in numbers

R116 crash warning system was based on Russian military maps

The Air Accident Investigation Unit’s report into the crash revealed that the system did not warn the crew of the presence of Blackrock Island, which is 70 metres above sea level, before their helicopter crashed into it on March 14, 2017

IAG reports €2.6bn losses for 2021

Airline group that owns Aer Lingus secured additional €4.4 billion of non-aircraft debt in 2021, but cast doubt over its ability to secure any further funding in the event of ‘a more severe downward scenario’ in the future

‘Incomprehensible’ that passenger charges not increased during Covid, airport chief says

Basil Geoghegan will today tell an Oireachtas committee that passenger charge rates set before the pandemic are ‘fundamentally flawed’ and causing significant financial issues for airports

Ó Céidigh sets three-year deadline to reverse Shannon Group’s decline

The airport’s passenger numbers have collapsed from 1.7 million in 2019 to a mere 360,000 last year

Up to 200 jobs to go at Lufthansa Technik’s Shannon base as sale is agreed

About 300 of the 500 staff employed by Lufthansa Technik Shannon will join Atlantic Aviation Group

Joe Gill: Aviation must be at the heart of any plan to reboot the economy

Given the importance of aviation to Irish businesses and families, the sector’s recovery should have been a top priority throughout the pandemic, and must be one now

A tale of two airlines: Pandemic leaves Aer Lingus and Ryanair in very different places

Aer Lingus, which posted a half-year operating loss of €200 million, is hoping the resumption of travel to the US next month will ease its financial difficulties, while Ryanair has cash reserves of more than €4 billion and is heading for a busy run-up to Christmas and into the new year

Ryan-backed Grupo Viva sells stake in airline to finance partner

Cartesian Capital Group takes minority stake in Latin American budget airline while Irelandia remains the majority owner of group

Emerald Airlines set for takeoff with €16m cash in hand

The start-up airline founded by Conor McCarthy was last month confirmed as the operator of Aer Lingus’s regional routes from 2023 onwards on a ten-year contract