Cyprus Airways issued (01-Jul-2010) a profit warning for 1H2010, with losses expected to be “significantly” more than 1H2009. The carrier attributed the deterioration to the tough economic climate, increasing competition, lower yields, increasing price of fuel and the effects of the volcanic ash cloud, which led to the closure of a large part of Northern Europe's airspace during Apr-2010. [more]
Cyprus Airways issues profit warning for 1H2010
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Vueling NEXT Part 2: new CEO to lead IAG's LCC in restructuring bid to achieve IAG targets
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Part 1 of CAPA's analysis of Vueling examined its capacity growth and profitability trends since its acquisition by IAG in 2013. Vueling's operating margin and return on invested capital are on a downward trend, hence the new initiative to reverse these trends.
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Vueling NEXT Part 1: return on capital falls to make IAG's LCC the group's poorest performer
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