British Airways parent IAG SA lifted its 2015 profit target by 12.5 percent as the U.K. unit benefits from growth in trans-Atlantic travel and discount arm Vueling boosts earnings at the group’s Spanish business.
In September, RSA Insurance Group Plc Chief Executive Officer Simon Lee expanded the role of his top Irish lieutenant, Philip Smith, and praised his “outstanding record.” Two months later, he suspended him.
Glanbia Plc, the Irish dairy and nutritionals producer, gained the most in four months after the firm said that earnings-per-share growth this year is on track to reach the upper range of the guidance it set out as recently as August.
Air France-KLM Group Chief Executive Officer Alexandre de Juniac said Alitalia SpA must commit to a deeper overhaul before the French carrier considers deeper ties that would help create a pan-European airline.
Ireland will today unveil its final budget before becoming the first country in the euro region to exit a bailout program, with the government planning to scale back austerity to foster economic growth.
Etihad Airways won Indian government backing to invest in Jet Airways (India) Ltd., paving the way for the first share sale by a carrier in the Asian country to a foreign airline since restrictions were eased.
EasyJet Plc, Europe’s second-biggest discount carrier, said full-year profit increased at least 48 percent as the U.K. company attracted more corporate and leisure customers on routes where network carriers are withdrawing.
Alitalia SpA’s crisis deepened as its deficit rose and reserves shrank, forcing the board to seek fresh capital and potentially souring Air France-KLM Group’s appetite to lift its stake and support the Italian partner.