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EasyJet cancels more than 200 flights to and from Portugal due to cabin crew strike

EasyJet cancels more than 200 flights to and from Portugal due to cabin crew strike LISBON, Aug 14 (Reuters) - EasyJet EZJ.L has cancelled 232 of the 1,138 flights to and from Portugal it had been scheduled to operate during a three-day strike by its cabin crew in the country starting Thursday, the company said. The budget airline's cabin staff in the Western European country, a popular summer holiday destination, announced late last month a strike from Aug.
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Airlines suspend flights as Middle East tensions rise

FACTBOX-Airlines suspend flights as Middle East tensions rise Adds LOT Aug 14 (Reuters) - Concerns over a wider conflict in the Middle East have prompted international airlines to suspend flights to the region or to avoid affected air space. Below are some of the airlines that have adjusted services to and from the region: AEGEAN AIRLINES The Greek airline cancelled all flights to and from Beirut, Amman and Tel Aviv until Aug.
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Tour operator TUI beats profit expectations on summer travel bookings

UPDATE 4-Tour operator TUI beats profit expectations on summer travel bookings Adds background on packaged holiday popularity, share moves, analyst quotes By Joanna Plucinska, Ilona Wissenbach and Andrey Sychev Aug 14 (Reuters) - Europe's largest tour operator TUI TUI1n.DE e xceeded profit expectations for the third quarter on Wednesday, buoyed by strong summer travel demand, a resurgence in packaged holidays and a boost from the bankruptcy of German rival FTI.
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Airlines suspend flights as Middle East tensions rise

FACTBOX-Airlines suspend flights as Middle East tensions rise Updates Ryanair, adds Cathay Pacific, SunExpress, TAROM Aug 13 (Reuters) - Concerns over a wider conflict in the Middle East have prompted international airlines to suspend flights to the region or to avoid affected air space. Below are some of the airlines that have adjusted services to and from the region: AEGEAN AIRLINES The Greek airline cancelled all its flights to and from Beirut, Amman and Tel Aviv until Aug.
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Airlines suspend flights as Middle East tensions rise

FACTBOX-Airlines suspend flights as Middle East tensions rise Updates Air France-KLM, ITA Airways, Lufthansa Group airlines; adds Aegean Airlines, airBaltic, Finnair and Vueling Aug 12 (Reuters) - Concerns over a wider conflict in the Middle East have prompted international airlines to suspend flights to the region or to avoid affected air space. Below are some of the airlines that have adjusted services to and from the region: AEGEAN AIRLINES The Greek airline cancelled all its flights to and f
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Airlines suspend flights as Middle East tensions rise

FACTBOX-Airlines suspend flights as Middle East tensions rise Updates Air India, Royal Jordanian and United Airlines Aug 9 (Reuters) - Concerns over a wider conflict in the Middle East have prompted international airlines to suspend flights to the region or to avoid affected air space. Below are some of the airlines that have adjusted services to and from the region: AIR ALGERIE The Algerian airline temporarily suspended flights to and from Lebanon until further notice.
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Airlines suspend flights as Middle East tensions rise

FACTBOX-Airlines suspend flights as Middle East tensions rise Aug 8 (Reuters) - Concerns over a wider conflict in the Middle East have prompted international airlines to suspend flights to the region or to avoid affected air space. Below are some of the airlines that have adjusted services to and from the region: AIR ALGERIE The Algerian airline temporarily suspended flights to and from Lebanon until further notice.
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Investors feel the pinch of thriftier consumers on company profits

ANALYSIS-Investors feel the pinch of thriftier consumers on company profits By Danilo Masoni MILAN, Aug 8 (Reuters) - Investors in large consumer-goods companies are having to up their stock-picking game, as a post-pandemic spending splurge dries up and increasingly price-sensitive shoppers start to erode corporate pricing power. Profit warnings in sectors ranging from luxury to food and airlines have fed into worries about a slowdown in the United States and other major economies.
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Airlines’ margins head to lower cruising altitude

BREAKINGVIEWS-Airlines’ margins head to lower cruising altitude The author is a Reuters Breakingviews columnist. The opinions expressed are his own. By Oliver Taslic LONDON, Aug 2 (Reuters Breakingviews) - In one sense, airlines are flying high. Lobby group IATA recorded a 9% year-on-year jump in global passenger demand in June, and Europe’s big six listed carriers – Ryanair RYA.I , easyJet EZJ.L , Wizz Air WIZZ.L , IAG ICAG.L , Lufthansa LHAG.DE and Air France-KLM AIRF.PA – all reported
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Lufthansa sees earnings slump in third quarter as costs rise

UPDATE 5-Lufthansa sees earnings slump in third quarter as costs rise Sees Q3 adjusted EBIT below last year's 1.5 bln euros Q2 net results 469 mln euros, down almost a half on year CEO says demand strong, but price pressure intensified Adds CEO comment on profit margins, yields in paragraph 9 By Ilona Wissenbach, Joanna Plucinska and Rachel More BERLIN/LONDON, July 31 (Reuters) - Lufthansa LHAG.DE warned of a fall in third-quarter earnings on Wednesday as the German airlines group grapples with
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Lufthansa forecasts earnings slump in third quarter as costs rise

Lufthansa forecasts earnings slump in third quarter as costs rise BERLIN, July 31 (Reuters) - German flag carrier Lufthansa LHAG.DE expects lower earnings in the third quarter as yields slump and unit costs increase, the company said on Wednesday. Airfares around Europe and Asia have started to plateau or fall, signalling that a prolonged post-COVID travel boom is waning and delivering a setback for airlines struggling with higher costs and limited aircraft availability.
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Euronext, Pearson, Saint-Gobain

EUROPE RESEARCH ROUNDUP- Euronext, Pearson, Saint-Gobain July 30 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Euronext, Pearson and Saint-Gobain on Tuesday. HIGHLIGHTS * Adyen NV ADYEN.AS : HSBC cuts target price to EUR 1600 from EUR 1900 * Deutsche Boerse AG DB1Gn.DE : JP Morgan raises target price to EUR 198 from EUR 194 * Euronext NV ENX.PA : JP Morgan cuts target price to EUR 107 from EUR 108 * Pearson PSON.L : JP Morgan cut
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BNP Paribas aims at 'usual suspect' status in hard-to-crack UK market

ANALYSIS-BNP Paribas aims at 'usual suspect' status in hard-to-crack UK market By Mathieu Rosemain LONDON, July 26 (Reuters) - When acquisitive Czech billionaire Daniel Kretinsky set his eyes earlier this year on one of Britain's most iconic companies, the Royal Mail , he chose BNP Paribas BNPP.PA along with two Wall Street giants to advise him. The 3.57 billion pound ($4.63 billion) takeover of Royal Mail's owner IDSI.L still needs UK government approval , but the mandate shows the French bank'
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Air France-KLM misses profit forecast on higher costs

UPDATE 3-Air France-KLM misses profit forecast on higher costs Q2 operating profit 513 mln euros vs forecast 547 mln Sees unit costs up 2% in 2024 vs up 1-2% previously Group cutting discretionary costs, marketing spend Updates share move, adds CFO comments in paragraphs 6 and 12-13 By Stephanie Hamel July 25 (Reuters) - Airline group Air France-KLM AIRF.PA reported a worse-than-expected 30% drop in quarterly operating profit on Thursday, as higher labour and fuel costs erode margins even as rev
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Ascential Plc, Oxford Instruments, Reckitt Benckiser

EUROPE RESEARCH ROUNDUP-Ascential Plc, Oxford Instruments, Reckitt Benckiser July 25 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Ascential Plc, Oxford Instruments and Reckitt Benckiser, on Thursday. HIGHLIGHTS * Ascential Plc ASCL.L : HSBC raises target price to 568p from 370p * Oxford Instruments OXIG.L : HSBC raises target price to 2850p from 2500p * Reckitt Benckiser RKT.L : HSBC cuts target price to 4800p from 4900p * RS Gr
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London shares weighed down by luxury stocks, downbeat US tech earnings

UPDATE 1-London shares weighed down by luxury stocks, downbeat US tech earnings For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window Burberry falls after LVMH reports sales slowdown Aston Martin surges after half-yearly earnings update FTSE 100 down 0.2%, FTSE 250 off 0.7% Updated at 1558 GMT By Purvi Agarwal and Roshan Abraham July 24 (Reuters) - UK shares ended lower on Wednesday under pressure from weakness in luxury goods stocks and disap
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Ryanair CEO says business model is fine after rival avoids slump in fares

UPDATE 1-Ryanair CEO says business model is fine after rival avoids slump in fares Adds quotes and background from paragraph 3 By Conor Humphries DUBLIN, July 24 (Reuters) - Ryanair's CEO said easyJet 's EZJ.L much better fare performance in the April-June quarter did not indicate flaws in his airline's strategy, but were due to its rival's weaker prior year comparisons and slower traffic growth.
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Ryanair CEO: Stronger easyJet fares are due to weaker comparison, slower growth

Ryanair CEO: Stronger easyJet fares are due to weaker comparison, slower growth DUBLIN, July 24 (Reuters) - Ryanair's CEO said he does not think that the "marginally better" performance by easyJet EZJ.L in the April-June quarter indicates fundamental issues at Ryanair, but is due to its rival's weaker prior year comparisons and slower traffic growth.
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Euro zone recovery hits the skids

LIVE MARKETS-Euro zone recovery hits the skids STOXX 600 down 0.4% LVMH earnings drag luxury sector lower Upbeat easyJet results lifts travel & leisure Start of 'Mag 7' earnings disappoints Wall St futures lower Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com EURO ZONE RECOVERY HITS THE SKIDS The optimism towards the euro zone's economy at the start of the year has taken another
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STOXX faces a steepening wall of debt maturities

LIVE MARKETS-STOXX faces a steepening wall of debt maturities STOXX 600 down 0.6% LVMH earnings drag luxury sector lower Upbeat easyJet results lifts travel & leisure Start of 'Mag 7' earnings disappoints Wall St futures lower Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com STOXX FACES A STEEPENING WALL OF DEBT MATURITIES According to Barclays, STOXX 600 .STOXX companies face a s
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