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European stocks down

AMSTERDAM/LONDON: European shares ended lower on Monday, with travel stocks leading losses on concerns over bans on...

Published 29 Jun, 2021 03:24am

World

More airlines join legal action against UK over travel curbs

EasyJet and tour group TUI said they had joined the action led by Manchester Airports Group (MAG) aimed at challenging the government for an alleged lack of transparency over travel rules.

Published 23 Jun, 2021 05:27pm

Business & Finance

Ryanair, UK airports sue govt over Covid travel rules

Meanwhile the government said Thursday that it will "consider the role of vaccinations" for inbound travel.

Updated 17 Jun, 2021 02:12pm

Business & Finance

UK launches action against Ryanair and BA over refunds

During periods of lockdown across Britain, the airlines refused to give refunds to people that were lawfully unable to fly.

Published 09 Jun, 2021 12:53pm

World

Airlines criticise EU ban on Belarus flights

PARIS: A leading airline association criticised Friday an EU ban on flying in Belarusian airspace as politicising ...

Published 06 Jun, 2021 02:56am

Markets

Banks drag FTSE 100 down; airline shares lower on travel restrictions

British airways owner IAG lost 0.9pc after Britain removed Portugal from its quarantine-free travel list and added seven more countries to its red list.

Published 04 Jun, 2021 10:51pm

Ryanair passenger jet makes emergency landing in Berlin

WARSAW: Polish police said Monday they were investigating a fake bomb threat that forced a Ryanair passenger plane...

Published 01 Jun, 2021 04:59am

Markets

Rouble retreats from 2-1/2 month peak vs dollar

Versus the euro, the rouble was 0.2% weaker at 89.42.

Published 31 May, 2021 02:19pm

World

Singapore Airlines reroutes flights to avoid Belarus airspace

The safety of our customers and crew is our top priority.

Published 25 May, 2021 12:07pm

World

Pressure mounts on Belarus over forced landing to arrest dissident

• UK bans Belarus airline, points finger at Russia MINSK: European countries began banning flights over Belarus...

Published 25 May, 2021 04:40am

World

Europeans threaten to restrict air traffic over Belarus after ‘state piracy’

Western leaders reached for the strongest language to condemn Sunday's incident, in which a Belarusian warplane intercepted a flight between Greece and Lithuania and forced it down in Minsk, where a dissident journalist was arrested.

Updated 24 May, 2021 08:16pm

Business & Finance

Ryanair gets rare wins in EU court over state aid for KLM, TAP

The Luxembourg-based General Court, however, said the annulments - and the recovery of the money - would be suspended pending new decisions by the Commission.
Ryanair can challenge those new decisions at the same court if it is not satisfied with them.

Published 19 May, 2021 06:08pm

World

EU court backs Ryanair challenge to KLM, TAP state aid

Judges also annulled the EU executive's clearance of state aid for Portuguese carrier TAP, citing "an inadequate statement of reasons" by the Commission.

Published 19 May, 2021 02:57pm

Business & Finance

Virus sends Ryanair into 1.0 bn-euro annual loss

Ryanair described the year as "the most challenging" in its 35-year history.

Updated 17 May, 2021 05:22pm

Business & Finance

Wizz Air sees summer capacity at between 60pc-80pc

"I'm pretty sure summer is going to be better than where we are today," Varadi told a virtual aviation conference on Friday.
"My view is not demand-driven from the consumer or not supply-driven from the airline, it is the unpredictability of the government actions, and government imposed restrictions."

Published 23 Apr, 2021 04:31pm

Business & Finance

Ryanair's first 737 MAX delivery weeks away after new delays

Boeing's largest European customer for the jet has been waiting two years for its first delivery owing to the grounding of the aircraft after two fatal crashes.
"We are hoping it's going to be in the next number of weeks. Probably in the next two weeks," Eddie Wilson told the online World Aviation Festival.

Published 22 Apr, 2021 05:41pm

World

Ryanair loses in EU court over bailouts of rivals

BRUSSELS: Ryanair on Wednesday lost further legal challenges to state rescues of rival airlines as an EU court...

Published 15 Apr, 2021 03:22am

Business & Finance

EU court rejects Ryanair challenges against state aid for SAS, Finnair

Judges said the Finnair state loan guarantee was necessary in order to remedy the serious disturbance in the Finnish economy in view of the importance of the carrier for that economy.

Published 14 Apr, 2021 02:36pm

UK to have traffic light system for travel

LONDON: British Prime Minister Boris Johnson said on Monday it was too soon to say whether international summer...

Published 06 Apr, 2021 04:23am

World

Virus-hit airline Ryanair optimistic over summer

LONDON: Irish no-frills airline Ryanair on Wednesday expressed optimism over the summer holiday outlook despite a...

Published 30 Mar, 2021 05:45am

Business & Finance

Virus-hit airline Ryanair optimistic over summer

Chief executive Michael O'Leary said the carrier expects to run 80 percent of capacity for July, August and September.

Published 24 Mar, 2021 07:26pm

Opinion

Europe’s Covid-19 setbacks risk another summer travel washout

Europe’s airlines and travel sector are bracing for a second lost summer, with rebound hopes increasingly...

Published 21 Mar, 2021 04:05am

Business & Finance

Boeing nears 737 MAX order from Southwest worth billions

The MAX 7 is the smallest of the four-member MAX family, with space for 153 seats in a two-class configuration and a range of 3,850 nautical miles.

Published 11 Mar, 2021 10:41am

Business & Finance

Ryanair hopes for 60-70pc of normal traffic this summer

"We would be hopeful that we could fly maybe 60, 70% of our normal traffic volumes during the peak summer months ... June, July, August and September," he said. "That's about as optimistic as its going to get."
"We don't need a taskforce, we just need action," O'Leary said. "The real challenge is timing here ... we need to give them the clarity to book their summer holidays."

Published 03 Mar, 2021 06:39pm

Business & Finance

Ryanair loses legal fight against French, Swedish airline state aid

Ryanair loses case against aid for Air France, SAS.
Court says aid not discriminatory amid pandemic.
Ryanair says will appeal.

Published 17 Feb, 2021 07:12pm

Business & Finance

Ryanair loses state aid lawsuit in EU court

The losses in court for Ryanair were just a first round, with the cases now potentially moving to the higher European Court of Justice.

Published 17 Feb, 2021 04:50pm

Markets

European shares jump

MILAN/FRANKFURT: European shares jumped on Monday, bouncing from their worst weekly decline since October powered by...

Published 02 Feb, 2021 04:29am

Business & Finance

Ryanair forecasts biggest ever loss on virus hit

"We expect intra-European capacity to be significantly reduced for the next few years, which will create growth opportunities for Ryanair to take advantage of recovery growth incentives," it said.

Published 01 Feb, 2021 02:16pm

Business & Finance

Wizz Air sinks to 115mn euro loss in third quarter

The airline vies with Europe's biggest carrier Ryanair for the title of lowest-cost player.

Published 28 Jan, 2021 02:01pm

Markets

European stocks edge higher as tech gains counter virus woes

The STOXX 600 ended last week almost flat after data showed Europe's dominant service sectors took a hard hit from renewed lockdowns in January.

Published 25 Jan, 2021 03:16pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 16	278.55
USD PKR Interbank Buying / May 16	278.25
USD to Japanese Yen / May 16	154.33
USD to Swiss Franc / May 16	0.90
Pound Sterling to USD / May 16	1.27
Euro to USD / May 16	1.09

Stock	Volume
S&P 500 / May 15	5308.15
Nasdaq / May 15	16742.39
Dow Jones / May 15	39908
India Sensex / May 16	72771.48
Tokyo Nikkei / May 16	38920.26
Hang Seng / May 16	19336.77
FTSE 100 / May 16	8411.75
Germany DAX 30 / May 16	18842.52

Item	Value
Crude Oil USD/Barrel / May 16	78.95
Karachi Cotton PKR/37.32 KG / May 16	19935
Gold 10 Grams PKR / May 16	210562
Gold Spot USD/Ounce / May 16	2388.50
Cotton US¢/pound / May 16	76.84
Petrol/Litre / May 17	273.10

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 17 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 17 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 17 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 17 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 17 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 17 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 17 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 17 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 17 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 17 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 17 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 17 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 17 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 17 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 17 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 17 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 17 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 17 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 17 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 17 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 17 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 17 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 17 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 17 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 17 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 17 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 17 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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