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‘Brexit set to weigh on profit for four years’

  Bloomberg Ryanair Holdings Plc Chief Executive Officer Michael O’Leary said the fallout from Britain’s decision to quit the European Union will weigh on the discount carrier’s profit for as long as four years. The process of the UK negotiating its way out of the bloc, which could take two to four years, is set to depress yields, a measure ...

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Air Berlin to halve airline fleet

  AFP Air Berlin Plc announced the most sweeping job cuts in almost 40 years of flying in a bid to rescue its ailing business, slashing its fleet by half as 40 jets are leased to arch-rival Deutsche Lufthansa AG and 35 others are deposited in a new tourism arm with an uncertain future. About 1,200 of 8,650 staff may ...

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C Series engine issues slowing Bombardier momentum: CEO

  Bloomberg Bombardier Inc. Chief Executive Officer Alain Bellemare said the marketing of the company’s marquee aircraft has been hurt by delays caused by engine supplier Pratt & Whitney. The planemaker reduced its forecast for deliveries of the C Series jetliner on Sept. 6, citing the issues at Pratt. Seven of the new aircraft are now slated to be handed ...

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