Daniel Roeska

6 results

Ryanair chief executive Michael O’Leary: “I have never in my 30 years in the industry seen such a clean-out.” Photograph: Niklas Halle’n/AFP/Getty Images

Up to 100 million of Ryanair’s competitors’ seats will be taken out over the next 18 months as the impact of the Covid-19 crisis on airlines deepens, (...)

Norway’s government has refused  to provide more state support for struggling Norwegian Air. Photograph: Johan Nilsson/AFP

Norwegian Air’s cash crisis could force the debt-laden budget airline to halt operations early next year, the company warned as it issued another plea(...)

Norwegian’s shares were down 16.9% on Monday morning, extending this year’s price plunge to 99%. Photograph: Pontus Lundahl/TT News Agency/AFP via Getty

Pandemic-hit Norwegian Air faces a battle for survival this winter, it said on Monday, after the country’s government declared it would not provide ad(...)

Air France-KLM predicted “significantly negative” earnings over the full year and “a significantly higher current operating income loss in the second quarter than in the first quarter 2020”. Photograph: AFP via Getty

Air France-KLM expects its capacity to be almost wiped out in the second quarter, when it forecasts it will burn through €400 million in cash a month (...)

Lufthansa expects  yields to be 10 per cent lower and the load factor on its aircraft to be 10 per cent lower. Photograph: EPA

Lufthansa has said that it will be forced to shed roughly 10,000 staff as it becomes a permanently smaller airline due to Covid-19, in one of the star(...)

Under pressure: Norwegian Air chief executive Bjorn Kjos pictured earlier this week. Photograph: EPA

When Norwegian announced plans to launch low-cost transatlantic flights in 2012, it gave some of the world’s leading long-haul carriers a major jolt. (...)