Day: May 21, 2012

Ryanair’s rip-off charges help boost profits to record £400MILLION despite higher fuel costs

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Higher fares, yet more add-on fees and in-flight sales have helped budget carrier Ryanair to huge profits despite the fact that oil prices have soared. People had to pay an average 16 per cent more for flights last year, and with passenger numbers up 5 per cent for the year that meant Ryanair’s profits came in sky high today at nearly half a billion pounds. That represented a lift of 25 per cent on the Continue reading Ryanair’s rip-off charges help boost profits to record £400MILLION despite higher fuel costs→

We need 12 billion to save Bankia (and the economy will shrink another 0,3% this quater)

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De Guindos, the economy minister, has announced that Madrid will have to sign a check for 12,000,000,000€ to save Bankia, the failed bank that went titsup last week, instead of the original 4,5 billion euros expected. (El Mundo) Interestingly enough, that’s almost as much as Madrid slashed off the health and education budgets (14 billion) in an attempt to make savings and stop the country running out of cash. Bankia has an exposure of some Continue reading We need 12 billion to save Bankia (and the economy will shrink another 0,3% this quater)→