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RBA’s Lowe sees rates rising as patience pays off

Bloomberg Australia’s central bank chief said interest rates will likely rise eventually as policy makers’ patience is finally rewarded with unemployment falling sufficiently to spur wage growth and faster inflation. “We’re not too far away from 2 percent and I think we’ll get there, we’re just not getting there as quickly as we would like to,” Governor Philip Lowe said ...

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EasyJet fares to gain in winter, buoyed by collapse of ‘carriers’

Bloomberg EasyJet Plc said its fares are set to gain this winter, buoyed by the collapse of carriers including UK-based Monarch Airlines Ltd. and capacity cuts at main European rival Ryanair Holdings Plc. The demise of Monarch and Germany’s Air Berlin Plc, a bankruptcy filing at Italy’s Alitalia SpA and Ryanair’s move to scrap part of its timetable amid a ...

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Pilots in Ryanair’s home market join union push

Bloomberg Ryanair Holdings Plc, which doesn’t recognise trade unions, lurched further towards collective bargaining after pilots in its home market of Ireland founded a new body and demanded negotiations with the discount operator. Management should engage exclusively on national matters with the “Ryanair Company Council,” the Irish Air Line Pilots’ Association said in a letter to Michael O’Leary, the carrier’s ...

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