Market Currents

• Friday, December 18, 2009

• 09:00 AM Premarket gainers: RIMM +11%. TTWO +11%. CELG +7%. DEER +7%. KMX +6%. ORCL +5%. CTIC +5%. DAN +5%. RYAAY +4%.
  Losers: PALM -10%. LDK -10%. AIB -7%. BCR -7%. CATY -4%. SID -4%. LYG -4%. Comment!
• 08:06 AM Shares of Ryanair (RYAAY) +4% premarket after it terminated negotiations with Boeing (BA) for an order of up to 200 B737-800 series aircraft for delivery between 2013 and 2016, opting instead to "significantly reduce growth and capital expenditures, in order to maximize cash balances for distribution to shareholders." Ryanair was pushing Boeing for steep discounts. 1 Comment

• Thursday, December 3, 2009

• 09:00 AM Premarket gainers: ABK +18%. TPI +17%. PIR +9%. CYTR +7%. AIB +7%. TGB +6%. RYAAY +5%. THC +5%. MBI +4%. DLM +4%. DRYS +4%. BAC +3%.
  Losers: PLCE -10%. ARO -8%. ENDP -9%. APWR -7%. SNPS -7%. ANF -7%. STEM -5%. DYAX -4%. Comment!

• Friday, November 13, 2009

• 11:00 AM Outspoken Ryanair (RYAAY) CEO Michael O'Leary reacts to the British Airways/Iberia merger: “It reminds me of two drunks leaning on each other. If you put one high-fare, loss-making airline together with another high-fare, loss-making airline, you will get an airline with higher fares making much bigger losses." Ryanair is Europe's #1 discount carrier. 1 Comment

• Monday, November 2, 2009

• 10:21 AM Ryanair (RYAAY -1%) threatens Boeing (BA +0.6%) that unless it gives Ryanair a break on future orders, the Irish airline will go public with its order deferrals and cancellations. Ryanair is trying to take advantage of cost savings in the 737 program, while using falling demand as leverage. Comment!

• Monday, July 6, 2009

• 08:57 AM Never a dull moment at Ryanair (RYAAY). Its latest cost-cutting idea: packing in 20-30% more passengers by offering standing-room only tickets. Comment!

• Wednesday, June 24, 2009

• 09:42 AM Ryanair (RYAAY) CEO Michael O'Leary on recessions: "I love recessions. You get the chance to kick the *** out of everybody." On Virgin Air founder Sir Richard Branson's recent warning airlines could go bust: "It's like a little chihuahua barking at a dying labrador. Nobody cares." 3 Comments
• 09:36 AM Ryanair (RYAAY +1.8%) CEO Michael O'Leary's newest money-saving ploy: having passengers carry their own bags straight to the plane, which he says would necessitate just one baggage-handler vs. the normal five. Besides cheaper tickets, "what it means is no more waiting at the carousel, no more losing your bags, no more wasting your life in over-priced airport terminals," he says. 3 Comments

• Thursday, May 28, 2009

• 09:02 AM Premarket gainers: EXEL +26%. PPHM +23%. ANPI +23%. PARD +14%. SANM +6%. BIG +6%. DRYS +5%. XOMA +5%. TSL +5%. FRO +5%. RYAAY +5%. CIT +4%. ABK +4%. FIG +4%. SOLF +4%.
  Losers: BCSI -9%. TEX -9%. LEAP -6%. GM -6%. TWO -5%. SBLK -4%. Comment!

• Friday, February 27, 2009

• 12:51 PM Ok, but how much for the paper? Ryanair (RYAAY) considers charging £1 for using the lav. Comment!

• Tuesday, January 27, 2009

• 08:42 AM Ireland's low-budget airline Ryanair (RYAAY) withdraws its €748M bid to buy Aer Lingus, again, after it was rejected by the Irish government (owns a 24.8% in AL) and by Aer Lingus itself. Comment!

• Friday, December 12, 2008

• 10:05 AM Aer Lingus will seek a friendly investor to take a majority stake in the airline and stave off a €750M hostile bid from archrival Ryanair (RYAAY). Comment!

• Monday, November 3, 2008

• 06:37 AM Ryanair's (RYAAY) H1 profit fell 47% to €214.6M, but its passenger base grew 19% from April to September and could gain another 9% as travellers switch to low-cost airlines. The firm expects profits to recover if oil remains below $80/barrel. Comment!

• Tuesday, October 7, 2008

• 14:25 PM Interesting time to launch an airline: Ryanair (RYAAY) announces plans to establish a new low-cost transatlantic airline within the next three years. Comment!

• Tuesday, September 2, 2008

• 08:02 AM Airlines soaring premarket on oil's big drop. UAUA +17%. LCC +14%. DAL +14%. NWA +12%. AMR +12%. CAL +10%. RYAAY +10%. JBLU +9%. Crude -5.9% to $108.62. Comment!

• Wednesday, August 13, 2008

• 15:08 PM Nasdaq 100 leaders: NVDA +10.2%. FWLT +8.7%. STLD +6.9%. AMAT +5.2%. IACI +4.1%. Laggards: UAUA -7.7%. LVLT -6.2%. RYAAY -6%. SNDK -5.6%. Comment!