European airline CEOs say industry consolidation vital [Reuters]
Ryanair Holdings plc - American Depositary Shares, each representing five Ordinary Shares (RYAAY)
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Source: Reuters
"If we don't allow consolidation in Europe, we will destroy airlines in Europe," IAG CEO Luis Gallego told an aviation conference. The European Commission is due to decide this week whether to allow Lufthansa (LHAG.DE) , opens new tab to acquire a 41% minority stake in ITA Airways. EU antitrust regulators warned in January that the deal could reduce competition in flights to and from Italy. "(Portugal's) TAP has only survived through COVID because the taxpayer...if you look at those airlines, AerLingus was acquired by IAG ... those airlines have been much the better and have a more secure future as part of bigger airlines. It does need to be encouraged," Ryanair CEO Michael O'Leary said. Make sense of the latest ESG trends affecting companies and governments with the Reuters Sustainable Switch newsletter. Sign up here. Reporting by Julia Payne and Joanna Plucinska, Editing by Louise Heavens Our Standards: The Thomson Reuters Trust Principles. , opens new tab
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RYAAY
News
- IAG Gets EU Warning Shot Over €400 Million Air Europa Deal [BNN Bloomberg (Canada)]BNN Bloomberg
- France's air traffic control strikes ground flights across Europe [Reuters]Reuters
- Ryanair CEO dishes advice to Boeing on managing its crises: ‘Never put a pilot in charge of an airline' [Yahoo! Finance]Yahoo! Finance
- Let us hire foreign cabin crew, says Ryanair boss [Yahoo! Finance]Yahoo! Finance
- Ryanair CEO Says He'd ‘Happily' Offer Rwanda Deportation Flights [BNN Bloomberg (Canada)]BNN Bloomberg
RYAAY
Analyst Actions
- 4/4/24 - Evercore ISI Group
RYAAY
Sec Filings
- 4/22/24 - Form 6-K
- 4/12/24 - Form 6-K
- 4/9/24 - Form SC
- RYAAY's page on the SEC website