Michael O'Leary, Chief Executive Officer of Ryanair Group, told Ireland's Business Post newspaper that: He said: "We believe that?bookings will get a little boost as we move into the summer peak. I would use 'inverted commas' to say 'the peace agreement between Iran and the US.' But spot oil prices have fallen significantly." * "We don't expect prices to rise this summer into the peak. "I'm not sure that prices will drop, volumes are high, but pricing appears to be similar to last year," said he. We're not under pressure to hedge into May, June or July of next year....

The budget airline announced on Friday that Michael O'Leary, CEO of Ryanair, has extended his contract until 2032. This deal includes a bonus plan which could pay the 65-year old Irishman over EUR150 million ($172 millions). Ryanair announced last month that negotiations to extend O'Leary's tenure to nearly 40 years had almost been concluded. O'Leary, who took over as CEO of the airline in 1994, has been the driving force behind the company's growth from a regional carrier to Europe's biggest by passenger numbers. If O'Leary remains with the group through April 2032, he would be able to buy 10...

Investors increased their bets that the U.S. Federal Reserve rate increase later this year?after policymakers struck a more hawkish tone. The pan-European STOXX 600 closed 0.3% lower and ended a five-day streak of gains. The regional bourses showed mixed results, with France, Germany and Italy posting gains and Spain and Italy declining. The FTSE 100 in Britain ended the day 1% down as heavyweight healthcare and energy stocks weighed. In June, the Bank of England held interest rates at 3.75% because it deemed it premature to increase rates due to uncertainty regarding 'inflation pressures. Oil and gas shares in Europe...

Several airlines have resumed flights to certain parts of the Middle East, as diplomatic efforts intensify to resolve the conflict that erupted after U.S. and Israeli airstrikes against Iran. However, many other carriers continue to suspend flights, causing global travel disruptions. The following is an alphabetical update of the flight status for airlines: AEGEAN AIRLINES The largest airline in Greece has cancelled flights between Thessaloniki and Tel Aviv until the 26th of June. Flights from?Dubai to Erbil,?Baghdad and?Baghdad are all cancelled until September 30. AIRBALTIC AirBaltic, a Latvian airline, has cancelled all flights to Tel Aviv and Dubai until the...

Boris Pistorius said that Germany is deploying two ships in the Red Sea to prepare for a possible military mission in Strait of Hormuz. After U.S. president Donald Trump signed an agreement with Iran that ended a war which has disrupted the global energy supply, officials from the shipping and insurance industries called for the immediate deployment of mine-clearing ships to the Strait. As we speak, the?minesweeper Fulda is sailing through the Suez Canal to the Red Sea," Pistorius said as he arrived in Brussels for a meeting of his NATO counterparts. Pistorius did not specify a timeline, but said...

Data from a ship tracking system showed that three supertankers flying the Saudi flag with?six millions barrels of crude aboard sailed through 'Strait of Hormuz' hours after U.S. president Donald Trump had signed a deal with Iran to end their war. On Thursday, other tankers revealed their positions as they sailed through the Strait via public ship tracking after weeks when ships had concealed their voyages while crossing the waterway. According to an analysis of shipping movements, the departures from Saudi ports represented the largest departures through the Strait in recent weeks. Analysis of shipping movements. Saudi Arabia has used...

Investor sentiment improved after an interim ceasefire was reached between Iran and the United States. U.S. president?Donald Trump signed a deal with his?Iranian counterpart on Wednesday to end the war. Trump warned that Washington would re-target Iranian officials and resume its attacks if Tehran did not honour its commitments. Dubai's main stock index rose by 0.8%, led primarily by the?real estate and industrial stocks. Emaar Properties, a developer, gained 2% while Emirates NBD Bank added 1.3%. NBD Bank, Dubai’s largest lender, announced that it has completed the acquisition of India's RBL Bank's majority stake through a $2.75 billion primary infusion....

Investors?bet? that the Federal Reserve would raise rates next, following hawkish predictions from policymakers. However, easing oil prices helped to temper inflation fears. By 0812 GMT, the pan-European STOXX 600 Index was down 0.15% to 638.35. The Fed kept rates unchanged on Wednesday but persistent inflation worries led?nine officials to predict one rate increase this year. According to the FedWatch tool of CME Group, traders expect rates will remain unchanged through the end of this year. Brent crude oil prices continued to fall on Thursday, trading at around $77 per barrel after the U.S. signed an interim deal with Iran...

Here are some company news and stories that could have a significant impact on markets in France and Benelux or individual stocks. AIR FRANCE KLM: The Franco Dutch airline group has signed a multi-purpose credit facility worth EUR1 billion with 12 international banks. Its aim is to refinance existing financial instruments, including M&A, starting in H2 2026. AUTOS: The number of battery electric vehicles registered in Europe in May reached a new record, continuing a strong growth, as policy support, subsidies and higher petrol prices boosted demand. DERICHEBOURG SA : French waste management company Derichebourg Environnement has won a total...

Private equity firm KKR announced a new $1.4 billion bet on aircraft lease with a partner Altavair on Wednesday, as Airbus and Boeing continue to struggle with a lack of planes. Private equity firms and leasing companies are playing a greater role in financing aircraft purchases. This is because airlines are facing rising costs, recovering travel demand and limited aircraft supply. About half of the world's fleet is now leased, or rented. KKR has invested more than 12 billion dollars in aviation since 2015. Altavair is a company that focuses on the acquisition of new and used aircraft, and then...

The House of Representatives will hold an hearing on June 24 to discuss 'the state of U.S. airlines competition and regulation following the collapse of low-cost carrier Spirit Airlines last month. The?subcommittee of the House Judiciary that oversees antitrust matters will hold an hearing entitled "The 30,000-Foot View: Competition and Regulation in America." Airline Industry." The CEO of Airlines for America, Chris Sununu, is expected to give testimony at the hearing. Republicans will likely use the hearing as an opportunity to claim that the Biden administration failed to protect jobs through its airline competition policies, while Democrats are going to...

Russia has accused Ukraine of launching a drone strike that killed a Belarusian bus full of schoolchildren, an accusation which the Ukrainian military says is "false". Yegor Kovalchuk is the acting governor of Russia's Bryansk Region, which borders Ukraine. He said that the bus was carrying a Belarusian children's soccer club to southern Russia for a vacation. Kovalchuk wrote on Telegram that he visited the injured and described the incident as "a completely deliberate strike against civilian transport on a busy road". The Russian Foreign Ministry called the attack "another horrific crime" and said that a woman who was with...