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“If we’re in a no-deal Brexit situation, flying will be fine,” he said traditional cufflinks uk sale. The action Ryanair will have to take if there’s no deal will be to comply with EU ownership rules. Once the UK is no longer part of the EU, the 20 percent of Ryanair shares owned by British investors will be treated differently, Jacobs said. He repeated the airline’s plan of restricting voting rights for UK shareholders, adding that Ryanair’s board and the EU had both already approved the plan..

Like easyJet, Ryanair ruled out an interest in buying Flybe, a smaller operator which is looking for a new owner after warning that profits would be lower than expected due to recent rises in the fuel price. “We’re not interested in Flybe,” Jacobs said traditional cufflinks uk sale. “It’ll probably be split up and you’ll probably get a few different airlines buying the various assets.”. Ryanair’s plan was predominantly for organic growth, he said. Referring to a wave of strikes this year which has meant thousands of canceled Ryanair flights and which it has said will dent profits, Jacobs said the airline was on track to reach agreements with its biggest unions..

SANTIAGO (Reuters) – LATAM Airlines (LTM.SN), the biggest airline group in Latin America, reported a steep fall in third-quarter profit due to lower passenger demand in Argentina and Brazil as well as higher fuel prices and competition from low-cost airlines. LATAM reported a net profit of $53 million for the quarter, down from $160 million a year earlier, according to a securities filing. But it said it was maintaining its guidance for the year, expecting an overall operating margin for 2018 of between 6.5 and 8 percent. It is focused on cost-cutting to offset higher expenses traditional cufflinks uk sale.

“We are transporting more passengers with a leaner organization,” a company executive told analysts on a conference call. Morgan Stanley raised its target price for LATAM shares traded in the New York stock exchange to $9 following the earnings release, from a previous target price of $8.80. Shares were up 3.4 percent at $9.26 on Wednesday morning traditional cufflinks uk sale. Demand in the quarter slowed in Brazil due to a weaker local currency, and demand fell significantly in Argentina, where the local currency faced an abrupt devaluation during the quarter, reducing passengers’ purchasing power..

“We carried more passengers in all our markets except Argentina, where we cut capacity this year,” an executive said. Lower demand and increased fuel expenses due to higher oil prices has slashed profits across regional airlines. One of LATAM’s biggest competitors, Brazil’s Gol Linhas Aereas Inteligentes SA (GOLL4.SA), reported a loss of $110 million during the quarter. Market conditions prompted LATAM to renegotiate commitments for future aircraft purchases, achieving a reduction of $2.3 billion in fleet expenses through 2021, the company said traditional cufflinks uk sale.