February, 2022

• 12 February

  Ryanair CEO Michael O’Leary sees ‘dramatic’ jump in ticket bookings

  

    Bloomberg Ryanair Holdings Plc has seen a “dramatic recovery” in bookings over the past two weeks as the easing of pandemic travel curbs across Europe encourages people to fly again. The Irish low-cost carrier’s planes are flying about 75% full and could reach 90% of capacity by the peak of the summer high season, Chief Executive Officer Michael O’Leary ...

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• 12 February

  Frontier-Spirit Air deal expands Franke’s sphere in discounting

  

    Bloomberg Frontier Group Holdings Inc.’s planned $2.9 billion purchase of Spirit Airlines Inc., positions Bill Franke, the self-proclaimed father of ultradiscounting, to expand his global network of carriers that offer bargain-basement fares while maintaining a laser focus on low costs. The deal comes as the industry’s recovery from the Covid-19 pandemic leans on domestic markets and leisure travelers —the ...

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• 12 February

  Italian piazzas go dark as energy bills bite

    Bloomberg Thousands of Italian cities shut off power at some of their biggest tourist attractions to protest spiraling energy costs. Municipal authorities from across the political spectrum banded together to highlight their call for 550 million euros ($627 million) in energy-cost relief from the government, as gas and electricity bills have risen by more than 30% this year. Italy ...

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• 12 February

  Stocks, futures extend losses; sovereign bond selloff eases

  

    Bloomberg Stocks extended declines on Friday along with American index futures as red-hot US inflation stoked bets on faster Federal Reserve interest-rate hikes amid febrile speculation about the monetary-policy outlook. The Stoxx Europe 600 index dropped more than 1%, with technology and real-estate shares leading the decline. Carmakers outperformed after strong results from Mercedes-Benz AG. The benchmark remains on ...

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• 12 February

  A $6 billion wipeout was an omen for food delivery stocks

  

    Bloomberg Europe’s food delivery firms are finding out the hard way that investors are no longer willing to look past continual losses and rising costs. Delivery Hero SE’s shares shed close to a third of their value, or about 5.1 billion euros ($5.8 billion), in a record rout as analysts lamented elusive profitability. The bleeding continued with a further ...

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• 11 February

  Pilots in US detect possible interference post 5G rollout

  

    Bloomberg US safety regulators have received more than 100 pilot reports of possible inteference from 5G wireless signals —including three near Chicago O’Hare International Airport — since the new mobile phone service began. The reports of anomalies on aircraft devices known as radar altimeters are being reviewed by the Federal Aviation Administration, said three people familiar with the matter ...

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• 11 February

  Japan’s ANA calls for relaxed ‘border rules’

  

    Bloomberg The head of Japan’s biggest airline has urged the government to ease its strict border controls, which have effectively shut the nation to foreigners, saying they are hurting the economy and the aviation industry. “There are various problems happening with the situation that foreigners can’t enter Japan,” Yuji Hirako, the president of All Nippon Airways Co. said in ...

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• 11 February

  Starbucks illegally fired seven activists

  

    Bloomberg The union organizing Starbucks Corp. employees filed a federal complaint accusing it of illegally firing activist employees, marking a new and more contentious chapter in the efforts to expand labor representation among the company’s workers. In a filing with the National Labor Relations Board, the union, Workers United, said Starbucks violated federal law by firing seven employees at ...

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• 11 February

  Billionaire’s startup Indian airline will use stock options to lure staff

  

    Bloomberg Akasa, a new Indian airline backed by billionaire Rakesh Jhunjhunwala, plans to offer stock options to attract staff, using a lure more often deployed by technology startups in its bid to gain a foothold in one of the world’s most competitive air-travel markets. The carrier, which is preparing to start flying in late May, is taking the unusual ...

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• 11 February

  British furniture chain Dunelm raises prices

    Bloomberg Dunelm Group Plc, a UK home-furnishings company, is raising prices to protect profits from higher shipping and raw-material costs, adding to the string of bad inflation news for British shoppers. Consumers are already bracing for faster inflation after the Bank of England warned that it could top 7% this year. Tesco Plc Chairman John Allan said this week ...

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