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The Vienna base, the main hub for Laudamotion, will close on May 29th, Ryanair said Friday in a statement blaming the Vida union for the breakdown. Photograph: iStock

Ryanair’s Laudamotion unit will close its Airbus SE A320 base in Vienna, following through on a threat to cut more than 300 jobs after it failed to re(...)

Traders at the New York Stock Exchange in March. ‘The biggest threat to the US market this year is actually the potential for ignition of the tariff war between the US and China,’ said Kristina Hooper, chief global market strategist at Invesco. Photograph: Bryan R Smith/AFP via Getty Images

European shares fell on Thursday, as signs of worsening US-China relations added to concerns over the pace of recovery from the coronavirus-led econom(...)

Grounded aircrafts of German carrier Lufthansa at Frankfurt airport. The German government and Lufthansa are about to come to an agreement on an intended bailout rescue package. Photograph: Armando Babani/EPA

Deutsche Lufthansa said it’s close to a multibillion euro bailout deal that would see the state become its biggest shareholder after the coronavirus p(...)

An employee at the production line of Russia’s biotech company BIOCAD, which is developing its own vaccine against the new coronavirus and working on another one in cooperation with the country’s virus research centre in Strelna. Photograph: Olga Maltseva/AFP/Getty Images.

A top US scientist has said that people should not count on a Covid-19 vaccine being developed any time soon, as global infections were set to pass 5(...)

(FILES) In this file photo taken on March 27, 2020 airplanes of German airline Lufthansa are parked at the "Franz-Josef-Strauss" airport in Munich, southern Germany, amid novel coronavirus COVID-19 pandemic. - Lufthansa says on May 7, 2020 in talks for German govt to take 25% stake in 9 bn-euro rescue (Photo by Christof STACHE / AFP) (Photo by CHRISTOF STACHE/AFP via Getty Images)

Lufthansa’s management said the need for a multibillion-euro coronavirus bailout was becoming “urgent” as talks with the government in Berlin drag on.(...)

Ryanair expects to carry 80 million passengers this year, close to half it expected before the pandemic.

Ryanair shares surged almost 16 per cent on Monday despite the group predicting that it would lose €200 million in the three months to the end of June(...)

A Huawei shop in Beijing. Photograph: Nicolas Asfouri/AFP via Getty

European and British stocks climbed on Friday, trimming their worst weekly drop in two months, as cyclicals gained following improving Chinese economi(...)

Ryanair said that it was cutting the jobs through ending probation periods and fixed-term contracts, resignations and redundancies. Photograph: Niall Carson/PA Wire

Ryanair is cutting 250 jobs across four offices, including Dublin, as Covid-19 travel bans continue to hit aviation. The news comes as Europe’s bigge(...)

Ryanair’s chief executive  Michael O’Leary said  Lufthansa’s bid for aid from various EU governments would distort competition. Photograph: Kenzo Tribouillard/ AFP

Ryanair’s group chief executive, Michael O’Leary, claimed German rival Lufthansa was “hoovering up state aid like a drunken uncle at a wedding” on Thu(...)

 Ryanair jets at Dublin Airport. The airline says both it and its Vienna-based subsidiary, Laudamotion, would oppose the subsidy the Austrian government is giving to Austrian Airlines. Photograph: Niall Carson/PA Wire

Ryanair says it will oppose the near-€800 million government aid to rival Austrian Airlines but does favour transparent support for European airlines (...)

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