Struggling British airline Flybe exploring sale [Reuters (UK)]
Ryanair Holdings plc - American Depositary Shares, each representing five Ordinary Shares (RYAAY)
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Source: Reuters
Struggling British airline Flybe exploring sale | Reuters 2 Min Read (Reuters) - British regional airline Flybe Group Plc ( FLYB.L ) said on Wednesday it was in talks to sell itself, as it struggles with higher fuel costs, lower demand and a weaker British pound. The airline’s stock has lost nearly two-thirds of its value since the company issued a profit warning last month, underscoring challenges faced by rival European airlines including Ryanair Holdings Plc ( RYA.I ) Wizz Air Holdings Plc ( WIZZ.L ) and Easyjet Plc ( EZJ.L ). Flybe, which has a market value of 25 million pounds, also said it was looking at other strategic options such as further capacity and cost saving measures. The company has already reduced its fleet size, focussed on profitable routes and cut costs as it pushes ahead with investments in a new digital platform. It has also been hedging its fuel costs and foreign exchange risks. Flybe said it was also exploring a possible move to an LSE standard listing,
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High impacting Ryanair Holdings plc - American Depositary Shares, each representing five Ordinary Shares news events
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RYAAY
News
- 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
- Ryanair (RYAAY) Upgraded to Strong Buy: Here's What You Should Know [Yahoo! Finance]Yahoo! Finance
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