Ryanair Holdings Plc, Europe’s biggest discount airline, boosted full-year profit 13 percent as it added routes and planes to target short-haul markets in which full-service operators are struggling to stem losses.
EasyJet Plc, Europe’s second-largest discount carrier, said it will deliver improved returns and profitability in the full year after a drive to secure more business travelers helped pare fiscal first-half losses.
Flybe Group Plc rose 13 percent, leading advancing stocks on the FTSE All-Share Index, after Europe’s biggest regional airline said it’s in talks to sell take-off and landing slots at London Gatwick airport.
British Airways could add more wide- body planes at London’s Gatwick airport in a review of capacity at a base dominated by aging single-aisle jets that generate lower profit margins than operations at its main Heathrow hub.
Kareem Serageldin, Credit Suisse Group AG’s former global head of structured credit trading, was charged in a scheme to falsify prices tied to collateralized debt obligations to meet targets and boost year-end bonuses for his $5.35 billion trading book.