Kate Duffy

London, United Kingdom

Aerospace Reporter at Bloomberg News

Aerospace reporter at Bloomberg @Business covering airlines and space in the UK and Europe, views my own 🚀✈️

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Articles

Wizz stock plunges after profit misses estimates, costs rise

1 week ago | fortune.com | Kate Duffy

The drop marks the steepest decline for the Hungarian low-cost carrier in more than five years. The shares were down 19% at 1,350 pence as of 8:28 am in London. Wizz reported net income of €225.8 million ($258 million) for the year ending March, missing its target of €250 million to €300 million. The company said operating expenses excluding fuel rose by almost 19% to €3.3 billion, a figure that analysts at Panmure Liberum called “staggering” given Wizz’s capacity growth.
Wizz Forced to Explain Rising Costs After Steep Stock Drop

1 week ago | bloomberg.com | Kate Duffy

A Wizz Air check in area at London Luton Airport. (Bloomberg) -- As a pioneer of low-cost air travel in Europe, Wizz Air Holdings Plc Chief Executive Officer Jozsef Varadi found himself in the uncomfortable position of having to explain to investors why his own company’s expenses are so high. Facing the worst stock implosion that Wizz has experienced to date, Varadi spent more than hour on Thursday explaining to analysts on a call why costs were rising.
Air France-KLM Stimulates Transatlantic Demand With Lower Fares

2 weeks ago | bloomberg.com | Kate Duffy |Guy Johnson

(Bloomberg) -- Air France-KLM is stimulating demand among price-sensitive customers with cheaper fares, after some passengers in coach class on routes like trans-Atlantic flights became more hesitant to book. The airline group has noticed about 2-3% softness at the back of its planes, Chief Executive Officer Ben Smith said on Monday in a Bloomberg TV interview. Premium cabins, on which Air France-KLM heavily relies, remain popular, particularly for travel from the US to France, he said.
British Airways owner sees transatlantic slowdown recovering

2 weeks ago | fortune.com | Kate Duffy |Guy Johnson

BYKate Duffy, Guy Johnson and BloombergJune 2, 2025 at 4:59 AM EDTThe British Airways owner noticed “several weeks” of demand softness in its economy cabins from the U.S., though the situation is now recovering, IAG Chief Executive Officer Luis Gallego said. Moe Zoyari/Bloomberg via Getty ImagesIAG SA said the weaker demand on transatlantic routes has shown signs of easing over the past three weeks as the travel outlook begins to stabilize following a period of uncertainty.
British Airways Owner Sees Transatlantic Slowdown Recovering

2 weeks ago | news.bloombergtax.com | Kate Duffy |Guy Johnson

XYour Choices Regarding Cookies and IdentifiersWe and our 150 third party partners use cookies and similar technologies ("Cookies") and hashed identifiers (e.g., a hashed version of your name, email address or phone number) to help us identify you on our site and third-party sites and to process certain information, such as your IP address and digital identifiers, to analyze site usage and provide you with relevant advertisements and content.
British Airways Owner Sees Transatlantic Slowdown Recovering

2 weeks ago | bloomberg.com | Kate Duffy |Guy Johnson

Passenger aircraft, operated by British Airways Plc, at Heathrow Airport Terminal 5, in London. (Bloomberg) -- IAG SA said the weaker demand on transatlantic routes has shown signs of easing over the past three weeks as the travel outlook begins to stabilize following a period of uncertainty.
Gatwick Airport CEO to Exit Role After 15 Years at the Helm

2 weeks ago | bloomberg.com | Kate Duffy

Stewart Wingate(Bloomberg) -- Gatwick Airport Chief Executive Officer Stewart Wingate will step out of his role later this year after spearheading the London hub for 15 years. Wingate will become managing director of UK airports, a role created by Vinci Airports and Global Infrastructure Partners (GIP) which both own a stake in Gatwick. The job commences on September 1, the airport said on Friday in a statement.
Ryanair Boss Poised for €100-Million Payout as Shares Hit Target

2 weeks ago | bloomberg.com | Kate Duffy

Passengers board a Ryanair aircraft at London Stansted Airport in Stansted, UK. (Bloomberg) -- Ryanair Holdings Plc’s chief executive officer has just become eligible for a €100-million ($114 million) bonus, granting Michael O’Leary one of the biggest payouts among European public company executives in recent years. Shares of the no-frills Irish low-cost airline closed above €21 for the 28th consecutive calendar day on Thursday, qualifying the outspoken boss for the huge bonus.
British Airways CEO Sells Over £2 Million of Parent IAG Shares

2 weeks ago | news.bloombergtax.com | Kate Duffy

XYour Choices Regarding Cookies and IdentifiersWe and our 150 third party partners use cookies and similar technologies ("Cookies") and hashed identifiers (e.g., a hashed version of your name, email address or phone number) to help us identify you on our site and third-party sites and to process certain information, such as your IP address and digital identifiers, to analyze site usage and provide you with relevant advertisements and content.
British Airways CEO Sells Over £2 Million of Parent IAG Shares

2 weeks ago | news.bloomberglaw.com | Kate Duffy

British Airways Chief Executive Officer Sean Doyle sold £2.1 million ($2.8 million) worth of shares in the airline’s parent company IAG SA. Doyle sold 650,000 shares at about £3.30 each on May 22, IAG said on Wednesday in a stock exchange filing. The move was part of the 2022 long-term incentive plan, mostly awarded in shares, that vests in 2025 and the transaction was standard practice, an IAG spokesman said.