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The share price of IAG, the owner of Aer Lingus,  has lost 66% of its value since the start of the year. Photograph: Frank Grealish

Aer Lingus owner IAG is set to issue shares at the end of the summer in a bid to raise up to €2.5 billion to keep the business afloat and avoid a bail(...)

British Airways said: “It is with great sadness that we can confirm we are proposing to retire our entire 747 fleet with immediate effect.”

British Airways has accelerated the retirement of its fleet of Boeing 747s, the iconic jumbo jet, following the downturn in air travel caused by the c(...)

Airline stocks including British Airways parent IAG fell on Thursday’s markets. Photograph: Chris Ratcliffe/Bloomberg

European markets were muted on Thursday as some stocks lost part of the gains made a day earlier. Dealers said there was mixed reaction to the Europea(...)

A health professional prepares a needle during human trials for a Covid-19 vaccine in Brisbane, Australia. Photograph: Glenn Hunt/EPA

Good news from Covid-19 vaccine trials boosted markets on Wednesday. Both US group Moderna and the University of Oxford-Astrazeneca joint venture repo(...)

“This is another key milestone for Datalex,” said chief executive Sean Corkery of the company’s permission for a resumption of trading in its stock. Photograph: Tom Honan

Datalex, the travel retail software company hit by an accounting scandal last year, saw its shares slide by almost 75 per cent on Tuesday to 22.6 cent(...)

Shares in travel software company Datalex were suspended from trading in May last year after it missed a deadline to file 2018 results. Image: iStock

Datalex, the travel retail software provider to airlines, said on Wednesday it expects its earnings to rise to as much as $1.5 million (€1.3 million) (...)

Datalex’s software is used for booking flights, seats and bags and allowing carriers to sell on car, hotel and insurance deals. Photograph: iStock

Datalex, the travel retail software provider to airlines that’s being kept alive with the support of Dermot Desmond, warned at the end of April it was(...)

Ryanair sent pilots a memo asking them to accept proposals including a 20% pay cut.

Ryanair has warned it could close bases at Cork and Shannon airports and let go up to 120 pilots after talks with unions on job cuts ended inconclusiv(...)

Wall Street’s main indexes were largely flat in early trading. Photograph: Amr Alfiky/New York Times

European stocks closed higher after a choppy session on Thursday, with improving economic data and more support from the European Central Bank helping(...)

Ryanair chief executive Michael O’Leary accused the German government of using “the pretext of Covid-19” to prop up Lufthansa with a bailout.

Ryanair has accused rival German airline Lufthansa of a price-fixing cartel and has vowed to challenge its €6 billion bailout in the European Court of(...)

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