Ryanair Benefit from Fuel Costs

The airline company Ryanair has mentioned it is making more money than expected this year. Due to a 40% decrease in fuel bills the airline company has already reduced its winter losses from nearly £19M in the previous year to just under £10M this year round.

Besides the reduced expenditure they also say they have had a large number of passengers this season, around 16 million between October and December.

Source: Working Lunch, BBC. (01-02-2010)

Ryanair Benefit from Fuel Costs

Arriva and SNCF Talk About Partnership

The British bus and train company Arriva mentioned having talks with French national train company SNCF about a possible partnership.

Arriva currently runs most of the train services as well as the cross country network. Partnering with SNCF could mean that the French company may invest in these operations of Arriva. In the process Arriva could also help SNCF in any conflict with the German train company Deutsche Bahn.

Europe's railways have also been opened to new competition laws since the start of the year.

Arriva and SNCF Talk About Partnership