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Ryanair posts €1.24 billion profit

  Dublin / AP European budget carrier Ryanair posted record full-year profits and passenger figures, and expects both to hit new highs this summer amid rapid growth and declining fares. Monday’s results for the year ending March 31 showed the Dublin-based airline strengthening on every front. Net profit before exceptional gains rose 43 percent to 1.24 billion euros ($1.4 billion) and ...

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Embraer sells $260mn in private jets

  Brasilia / Bloomberg Brazilian planemaker Embraer SA said it sold 23 business jets with a list value of $260 million to an expanding Mexican charter operator, which has an option to double the order. Servicios Aereos Across SA has begun to take deliveries for the first aircraft in its firm order, which includes eight Legacy 500, eight Phenom 300 ...

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SpiceJet to revive jet fuel hedging

  Mumbai / Bloomberg SpiceJet Ltd. is considering hedging jet fuel for the first time since 2009-10 as the Indian budget carrier expects crude oil prices to rise further, people with direct knowledge of the plans said. Oil has surged more than 70 percent from a 12-year low reached in January on signs the global surplus will ease as US ...

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