EasyJet and Ryanair hit out at plan to protect long-haul carriers over contrails [Yahoo! Finance]
Ryanair Holdings plc - American Depositary Shares, each representing five Ordinary Shares (RYAAY)
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Source: Yahoo! Finance
In a letter to the European Commission, the low-cost carriers have teamed up to attack objections to Brussels' plan to monitor aircraft vapour trails. This is in response to claims made by the International Air Transport Association (IATA) last month, which urged the EU to restrict its inquiry into contrails solely to flights within Europe – an airspace dominated by easyJet, Ryanair and WizzAir. The trio have put aside their rivalry to argue that the exclusion of long-haul flights from Brussels' study would make a mockery of its bid to explore the impact of non-carbon aircraft emissions on global warming. They claim that such a move would exclude long-haul operations accounting for 52pc of the industry's carbon emissions, effectively sheltering carriers such as British Airways. The airlines' letter said: “Research on non-CO2 suggests that flights outside the EU create significant contrails and that these could have an important warming effect. “There is no technical reason
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News
- M&S chairman hits out at British Airways after string of flights cancelled [Yahoo! Finance]Yahoo! Finance
- Ryanair, Wizz Air Face a Bumpy Summer: EMEA Earnings Week Ahead [Financial Post (Toronto, Ontario, Canada)]Financial Post
- High air ticket prices aren't deterring European travelers, as TUI narrows losses ahead of London delisting [Fortune]Fortune
- EU court case annuls German bailout of airline Condor [Yahoo! Finance]Yahoo! Finance
- EU's second top court scraps earlier EU aid approval for airline Condor [Reuters]Reuters
RYAAY
Analyst Actions
- 4/4/24 - Evercore ISI Group
RYAAY
Sec Filings
- 5/17/24 - Form 6-K
- 5/16/24 - Form 6-K
- 5/14/24 - Form 6-K
- RYAAY's page on the SEC website