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Ryanair scraps 50 flights a day to meet Irish vacation rules

Bloomberg Ryanair Holdings Plc is cancelling as many as 50 flights a day for the next six weeks as it moves to reduce a backlog of crew vacation before as required by Irish regulators. The Dublin-based carrier will offer refunds or alternative flights to the “small number” of affected passengers over the period, it said in a statement, adding that ...

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Strong euro may erode luxury sales

Bloomberg Hermes International warned that profitability probably has reached a peak and that the strong euro is set to erode 2018 sales of the company’s Birkin handbags and other luxury goods, spurring concern that the industry’s rebound may become rockier. The operating margin will probably narrow after reaching a record 34.3 percent in the first half, executives said, almost double ...

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Qantas Airways revival makes CEO Asia Pacific’s best-paid airline chief

Bloomberg Qantas Airways Ltd. Chief Executive Officer Alan Joyce’s compensation almost doubled in the latest financial year after he helped revive the faltering Australian carrier. The total package for Asia Pacific’s best-paid airline executive surged to $19.7 million in the 12 months through June 30, from about A$13 million a year earlier, according to the company’s annual report released Friday. ...

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