Strikes by cabin crew members in various European nations affect less than 2% of Ryanair (RYAAY)'s 9,000 flights this weekend.
LUV increases its load factor forecast for Q2. Meanwhile, JBLU sweetens its SAVE buyout offer.
The strike actions at various parts of Europe during the peak summer travel period are a major blow to Ryanair (RYAAY).
RYAAY expects air fares to increase this summer. Traffic at CPA for the month of May falls from the 2019 levels.
With strengthening bookings, Ryanair (RYAAY) expects its summer fares to be higher than the pre-pandemic levels. It expects load factor to nearly reach pre-pandemic levels in the period.
Talks between Ryanair (RYAAY) and two Spanish labor unions fall through.
The likes of DAL, AAL and LUV up their respective forecasts for Q2 revenues.
With air-travel demand bouncing back rapidly from the pandemic lows, DAL and HA better their respective Q2 revenue forecast.
Ryanair (RYAAY) rejects DAA's proposal for increasing airport charges as it alleges mismanagement by the authority in handling COVID-19 recovery, thus causing thousands of passengers to be stranded.
With air-travel demand bouncing back rapidly from the pandemic pits, JBLU and LUV lift their respective Q2 revenue forecasts.