Alitalia

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AIB added 3 per cent to €4.25 and paper and packaging company Smurfit Kappa rose 1.5 per cent to €25.90.

European shares were little changed, as a weaker sterling boosted the FTSE 100 in London, but German shares declined slightly and the French market po(...)

    Wow’s   financial woes emerged in September, after running the rule over its books. Photograph:   Brian Lougheed

Aircraft financier Avolon has taken back control of four aircraft that it had leased to Wow Air, the troubled Icelandic budget airline. Wow’s future (...)

Former Telecom Italia chief executive Amos Genish. Photograph: Remo Casilli/Reuters

The ousted chief executive of Italy’s biggest phone group, Telecom Italia, described his sacking on Tuesday as a Soviet-style putsch and vowed to rema(...)

Pope Francis waves from the steps of his Aer Lingus jet  during a farewell ceremony upon his departure at Dublin Airport in Dublin on Sunday evening. Photograph: Paul Faith/AFP/Getty Images

Pope Francis has made a plea for forgiveness at the closing event of a two-day trip to Ireland which has been dominated by the issue of sexual and ins(...)

Pope Francis addresses the Festival of Families at Croke Park, Dublin. Photograph: WMOF 2018/Maxwell/AFP/Getty Images

The pope has spoken of his pain and shame at the failure of Church authorities to tackle the grave scandal of clerical abuse in Ireland. On the firs(...)

Pope Francis  was born in December 1936 in Argentina. File photograph: Luca Zennaro/Reuters

Pope Francis is expected to draw significantly smaller crowds than the last papal trip to Ireland by John Paul II nearly 40 years ago. Ireland has cha(...)

Thomas Cook is open to divesting its airline business. Photograph: Paul Hanna/Reuters

Thomas Cook Group shares rose the most in more than two months after the UK tour operator confirmed it’s open to a possible deal for its airline busi(...)

Ryanair: the Irish airline expects profits for the 12 months to March 31st, 2019, to fall from €1.45 billion to between €1.25 billion and €1.35 billion. Photograph: Chris Ratcliffe/Bloomberg

Ryanair’s chief executive, Michael O’Leary, predicted yesterday that fuel and labour costs would cut profits this year at the airline, which is nevert(...)

The Lufthansa brand meanwhile reported its best operating margin in 10 years in the quarter. Photograph: Reuters

Costs to expand its Eurowings budget carrier held back profit growth at German airline Lufthansa in the first three months of the year and the group c(...)

Alitalia filed for bankruptcy in May last year. Photograph: Getty Images

Brussels is investigating whether €900 million in bridging loans to Alitalia from the Italian government were illegal under Europe’s state aid rules. (...)

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