Ryanair made a record profit of 1.9 billion euros in the past financial year. That is a growth of 34 percent. The figures were announced on Monday. The Irish low-cost carrier, which has a broken financial year from April to the end of March, carried 184 million passengers last year. This is 9 percent more than the previous year (168.6 million passengers) and almost a quarter … [Read more...] about Record profit for Ryanair: ‘Demand for travel is high’
KLM suspends its flights to Tel Aviv again
KLM will again suspend flights to Tel Aviv in July due to 'the ongoing unrest'. The airline will not fly to the Israeli city until at least the end of August. KLM had just resumed its flights to Tel Aviv last month. These were halted after the October 7 attacks on Israel by the Hamas terror organization last year, in which at least 1,300 civilians and military personnel were … [Read more...] about KLM suspends its flights to Tel Aviv again
Shareholders beleaguered Boeing give green light to top remuneration of departing CEO
The shareholders of the setback-plagued Boeing on Friday agreed to a remuneration package of almost 33 million dollars (29.4 million euros) for CEO David Calhoun. The amount of the amount, the highest annual remuneration ever for a top executive of the American aircraft manufacturer, is controversial as Boeing has to contend with a long list of technical problems. During the … [Read more...] about Shareholders beleaguered Boeing give green light to top remuneration of departing CEO
EasyJet CEO will call it quits next year
Johan Lundgren will step down as CEO of EasyJet in early 2025. He has been in that position since the end of 2017. The airline announced this on Thursday. Lundgren doesn't seem intent on taking on a new position. He will officially retire on 1 January 2025 and will remain employed until May of that year to ensure a smooth transfer of his work. Lundgren will be succeeded as CEO … [Read more...] about EasyJet CEO will call it quits next year
Employees in the travel sector are improving considerably; ‘By far best collective labor agreement result ever’
Employees in the travel industry will receive an additional 300 euros in salary per month for the next two years. Employers and trade unions have agreed on this in the new collective labor agreement. Frank Radstake of the ANVR confirms the agreements made to TravMagazine when asked. The new collective labor agreement will take effect on July 1 and will run for two years. For … [Read more...] about Employees in the travel sector are improving considerably; ‘By far best collective labor agreement result ever’