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The largest air carrier in Europe, the Irish company Ryanair Holdings, in the financial 2018 year, which ended March 31, increased its net profit by 10% in annual terms and reached a record 1 billion 450 million euros. Revenues amounted to 7 billion 165 million euros, increased by 8%. During the earnings period, 130 million 300 thousand people were transported, which is 9% more than in the previous year. The average ticket price, including luggage, decreased by 3% and amounted to 39 euros 40 cents. In the earnings period, the company had to cancel 20 thousand flights because of a shortage of pilots, increase the number of employees, and increase the salaries of pilots. In the current fiscal year, Ryanair expects to increase fuel costs by 400 million euros, labor payments- by 200 million euros.
Samsung Electronics Co Ltd looks forward to the second half of the year as it expects a larger increase in chip demand brought by new smartphone launches. However, the company warned that the coronavirus crisis and trade disputes carry risks. Samsung, ...
The dollar sat near two-year lows on Wednesday as the United States struggled to control the coronavirus outbreak, breaking hopes for a fast economic recovery. The gloomy outlook for the U.S. economy is expected to urge the Federal Reserve ...
China’s industrial firms had seen an increase in profits for two consecutive months. This came as the most rapid pace ever recorded in over a year, suggesting that the country’s recuperation from the novel coronavirus pandemic ...
Renault SA (RENA.PA) announced on Monday that its global car sales fell by 34.9% in the first half of the year due to the impact of the coronavirus pandemic. However, the company said that it had seen some signs of recovery in June. The French ...
European new car registrations fell in June year-on-year, but showed some improvement when compared to May 2020 as lockdown measures continue to loosen across the region, Tuesday’s industry data showed. In June, passenger car sales were ...
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