Passengers disembark from a Ryanair aircraft at Charleroi airport, Belgium. Agence France-Presse
Ryanair reported its weakest annual profit in four years and said earnings could fall further as Europe suffers what Chief Executive Michael O’Leary described as “attritional fare wars.” Shares in the airline, Europe’s largest low-cost carrier, fell 6 per cent on Monday after its profit forecast for the year to next March fell short of analyst expectations.
United Airlines is canceling more than 2,400 flights during the busy summer travel season as Boeing’s 737 Max jets remain grounded. Chicago-based United Airlines had already pulled flights on the 737 Max
Global stocks rose on Friday after a top Federal Reserve official cemented expectations of a US interest rate cut later this month, fuelling appetite for riskier assets and keeping a cap on the dollar.
The Abu Dhabi’s real estate market is on solid growth trajectory despite the global trends.
The fully integrated, UAE-based, Grandweld Shipyards, has exhibited immaculate operations and achieved a number of landmark milestones during 2018. From environmentally friendly and sustainable services, to closing new deals;