Ryanair (RYA ID) announces plans to cut a further 1.5mln seats in 2027 due to the new Charleroi city tax
Ryanair's announcement to cut 1.5 million seats in 2027 due to the new Charleroi city tax reflects a strategic adjustment to maintain profitability amid rising costs.
Samsung Electronics (005930 KS) is reportedly to close one of its three 8inch foundry fabs in Giheung during H2-2026, Lec reports citing sources. Intention is to phase out low-profit legacy processes and concentrate resources on 12inch production
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Ryanair (RYA ID) announces plans to cut a further 1.5mln seats in 2027 due to the new Charleroi city tax
Japan's Ishin party leader Yoshimura confirms PM Takaichi will call a snap election at the beginning of the parliamentary session
[MARKET ANALYSIS] European equities are mostly firmer, with the CAC 40 outperforming amidst gains in EssilorLuxottica
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This move could have implications for their operational capacity and pricing strategy, potentially affecting market dynamics in the European airline sector, especially in terms of competition with low-cost rivals. Investors should watch for any changes in guidance or operational efficiency forecasts in upcoming earnings reports.
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