Oil prices rise after Opec delays drilling increase; Ryanair profits fall on lower fares – business live
Live, rolling coverage of business, economics and financial marketsRyanair believes that airline fares are more likely to rise than to fall in the next two years.Neil Sorahan, the Irish airline’s finance chief, said that “the decline in fares appears to be moderating”, and that they are planning for “slightly lower growth which lead into slightly higher pricing”.Fundamentally capacity remains constrained across Europe for some time to come.Fundamentally there’s more risk to fares going up than fares going down in the next year or two.This is on the back of the ongoing Boeing delivery delays. We hope they’ll sort it out tonight.I hope there is a normal to get back to. I’m hopeful the vote gets over the line tonight. Two big elections for me to watch this week. Continue reading...
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Live, rolling coverage of business, economics and financial markets
Ryanair believes that airline fares are more likely to rise than to fall in the next two years.
Neil Sorahan, the Irish airline’s finance chief, said that “the decline in fares appears to be moderating”, and that they are planning for “slightly lower growth which lead into slightly higher pricing”.
Fundamentally capacity remains constrained across Europe for some time to come.
Fundamentally there’s more risk to fares going up than fares going down in the next year or two.
This is on the back of the ongoing Boeing delivery delays. We hope they’ll sort it out tonight.
I hope there is a normal to get back to. I’m hopeful the vote gets over the line tonight. Two big elections for me to watch this week.
Continue reading...
