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Ryanair's Annual Loss Highlights Europe's Ongoing Uncertainty

Ryanair's Annual Loss Highlights Europe's Ongoing Uncertainty

Javascript is required for this site to display correctly."Fragile" isn't a word you'd associate with the normally boisterous Michael O'Leary, but these are still uncertain times and this is how the boss of Ryanair perceives Europe this summer.Matthew ParsonsRyanair said on Monday it was impossible to give a detailed forecast beyond hoping to return to “reasonable profitability” this year amid and the Ukraine war, after posting a smaller annual loss.The largest European airline by passenger numbers posted a $369.06 million loss for the pandemic-scarred 12 months to March 31 and said it...

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May 16
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Airplane Lessor SMBC Aviation Eyes $7 Billion Deal for Goshawk

Airplane Lessor SMBC Aviation Eyes $7 Billion Deal for Goshawk

Javascript is required for this site to display correctly.The number of players leasing aircraft to airlines keeps shrinking even as the sector grows.Edward Russell, one of the world’s biggest aircraft lessors, is nearing a deal to acquire smaller rival for about $7 billion, including debt, people familiar with the matter said on Friday.The deal between the two privately held, Dublin, Ireland-based lessors could be announced as soon as next week, the sources said, speaking on condition of anonymity. It would create a global aircraft leasing giant as consolidation sweeps the industry.Last...

May 15
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Vacasa Could Get Boost From Home Sales Softness

Vacasa Could Get Boost From Home Sales Softness

Javascript is required for this site to display correctly.2Free stories left to readSubscribe to Skift Pro to get unlimited access to stories like theseIf they can't sell their homes, vacation rental owners tend to stay with their property managers. Making the proverbial lemonade out of lemons.Dennis SchaalTalk about a silver lining: The and rising mortgage interest rates may turn out to be a positive for property management company .That was one of six takeaways from Vacasa’s first quarter earnings announcement.Vacasa expects to increase its roster of managed properties 30 percent to...

May 13
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Airlines Press U.S. to Lift Covid Testing Requirements

Airlines Press U.S. to Lift Covid Testing Requirements

Javascript is required for this site to display correctly.Good for the airlines.Sean O'NeillU.S. airlines are pressing the Biden administration to lift a 16-month-old rule requiring nearly all international air passengers with some exceptions to test negative for COVID-19 before entering the country.Airline executives say many Americans are not traveling internationally because of concerns they will test positive in a foreign country and then be stranded abroad. International U.S. air travel remains down about 15% from pre-pandemic levels.Airlines for America, an industry group, said Friday...

May 14
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Shanghai to Gradually Increase Domestic Flight Services

Shanghai to Gradually Increase Domestic Flight Services

Javascript is required for this site to display correctly.As Covid-battered Shanghai plans for a return to normal life, airlines, bus and rail transit will gradually resume operations. However, travelers would still need a negative Covid test not older than 48 hours to take public transport.Peden Doma BhutiaShanghai set out plans on Monday for the return of more normal life from June 1 and the end of a painful Covid-19 lockdown that has lasted more than six weeks and contributed to a sharp slowdown in China’s economic activity.In the clearest timetable yet, Deputy Mayor Zong Ming said...

May 16
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Hotel Startup Mint House Raises $35 Million to Target Business Travelers

Hotel Startup Mint House Raises $35 Million to Target Business Travelers

Javascript is required for this site to display correctly.2Free stories left to readSubscribe to Skift Pro to get unlimited access to stories like theseMint House reports some eye-popping performance metrics comparable to premium hotel brands. No wonder Allen Smith, the former CEO of Four Seasons Hotels & Resorts, has joined the startup's board.Sean O'Neillis seeking a back door to Airbnb’s market with a business travel focus. The New York-based startup is making apartment-style lodging with hotel-like amenities popular with corporate workers who would otherwise stay at an...

May 4
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Padraic Halpin

Padraic Halpin

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Conor Humphries

Conor Humphries

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Dennis Schaal

Dennis Schaal

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Peden Doma Bhutia

Peden Doma Bhutia

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Rachel Bronstein

Rachel Bronstein

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Matthew Parsons

Matthew Parsons

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Sean O'Neill

Sean O'Neill

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