Tag: status (Page 2 of 2)

American Airlines Thanks Frequent Fliers with Extended Elite Status and Other Rewards

April 14, 2020 / WIL BALDWIN

American Airlines is recognizing the loyalty of AAdvantage® members by extending their elite status amid reduced travel related to the coronavirus (COVID-19). Changes include:

Extending elite status for AAdvantage members until Jan. 31, 2022.
Reducing elite status qualifications for 2020.
Extending Admirals Club® memberships purchased from American for 6 months.*
Introducing up to $400 special credits for future travel on American Airlines Vacations packages for elite members.**
Every dollar spent on an eligible AAdvantage co-branded credit card through the end of 2020 will count for one mile toward Million Miler℠ status.
Award reinstatement fees waived for travel through September 2020.

“We are grateful to our AAdvantage members and want to show them that loyalty is a two-way street,” said Bridget Blaise-Shamai, Vice President of Customer Loyalty & Insights and President of the AAdvantage program. “When people are ready to fly again, we will be there to help them reconnect with loved ones, friends and colleagues.”

Extended AAdvantage elite status

AAdvantage members will automatically receive an extension of their current elite status through Jan. 31, 2022. These updates will be reflected in member accounts in a few weeks.

Admirals Club membership extension

Admirals Club memberships and One-Day Passes purchased from the airline will be automatically extended for 6 months beyond their expiration date as part of American’s effort to care for customers.*

American Airlines Vacations credit

Elite members will also receive a special credit up to $400 to use toward an American Airlines Vacations package, giving customers something to look forward to when travel resumes. Customers can receive the credit when they call American Airlines Vacations to book a trip. Members can learn more by visiting aa.com.**

Making it easier to earn elite status

Lowered elite qualification requirements

The airline has lowered AAdvantage elite qualification requirements for all of 2020. AAdvantage members will achieve status more easily during the current elite qualifying year through lower Elite Qualifying Dollar (EQD), Elite Qualifying Mile (EQM) and Elite Qualifying Segment (EQS) requirements.

Reduced qualifications for Executive Platinum rewards

Members who qualify for Executive Platinum status previously received a choice of one reward upon reaching 150,000, 200,000 and 250,000 EQMs. Lowered EQM requirements in 2020 will now make these rewards more attainable.

The above changes will take effect by May 15, 2020.

$1 spent on eligible AAdvantage credit cards equals 1 mile toward Million Miler status

For all Citi®/AAdvantage and AAdvantage Aviator® products, as well as select AAdvantage credit cards outside of the United States, every dollar spent on net purchases that post to your AAdvantage account between May and December 2020 will count as one mile toward Million Miler status.

Making travel more flexible

Waived award reinstatement fees for travel

The airline is also giving members more flexibility with waived reinstatement and change charges for awards booked by May 31, 2020 for travel through September 30, 2020.

Award travel ticketed on or after June 1, 2020 will include free changes if made at least 60 days in advance. A new variable fee structure based on elite status and days before departure will apply to any changes made fewer than 60 days in advance:

More information about these updates is available on aa.com. Customers and AAdvantage members with questions about other actions regarding COVID-19 should visit www.aa.com/coronavirus.

*The membership extension applies to all active members as of March 1, 2020. New annual Admirals Club memberships purchased between March 1 and May 31, 2020 will also be extended for 6 months beyond the normal 12 months. For Admirals Club One-Day Passes, the extension applies to any unused passes with an expiration date between March 1, 2020 and May 31, 2021.

**Terms and conditions apply. Note only U.S. point of origin bookings.

GSV Bids $2.5 Billion for Malaysia Airlines

April 7, 2020 / WIL BALDWIN

FILE PHOTO: A Malaysia Airlines plane is seen at Kingsford Smith International Airport in Sydney

KUALA LUMPUR (Reuters) – Privately held Golden Skies Ventures (GSV) has made a $2.5 billion offer to fully take over the holding company of ailing state carrier Malaysia Airlines, with financing from a European bank, its executives told Reuters on Monday.

GSV, which was set up by former Malaysia Airlines officials and professionals with aviation experience, made the proposal a month ago, as airlines around the world were hammered by travel restrictions following the coronavirus pandemic.

“We have secured in excess of $2.5 billion from the bank. We will take about three to four months to get the long-term financing,” Chief Executive Shahril Lamin told Reuters in a phone interview.

GSV said it also has a commitment from a Japanese private equity firm to inject immediate funds into the aviation group through an equity deal.

It declined to name the firms involved, adding it was in talks with other foreign banks and private equity firms for further funding.

GSV has submitted its proposal to Morgan Stanley which has been hired by the aviation group’s sole owner, sovereign wealth fund Khazanah Nasional Bhd.

Sources have previously said Japan Airlines Co Ltd, domestic carriers AirAsia Group Bhd and Malindo Air have shown interest in Malaysia Airlines.

GSV said it would assume most of the airline’s debt that is being held by the government in outstanding Islamic bonds.

Khazanah and Morgan Stanley did not immediately respond to emailed requests for comment.

GOLDEN SHARE

The proposal includes keeping the government’s so-called golden share which allows it majority voting rights and maintains Malaysia Airlines’ flag carrier status.

GSV expects it will have ample liquidity to help the airline operate comfortably for up to 18 months.

It intends to reinstate Malaysia Airlines as a premium long-haul airline by expanding its flight network and maximising utilisation of its 81-plane fleet. It also plans to keep other business units such as the budget airline, cargo freighter and maintenance repair and overhaul unit.

“It’s still a viable venture, it has inherent strengths. We are saying we won’t lay off the 13,000 frontline employees and we are not going to asset-strip the airline,” Deputy Chief Executive Ravindran Devagunam said.

The firm aims to achieve positive earnings before interest, taxes, depreciation and amortisation within three years of taking over, and targets 15 billion ringgit ($3.5 billion) in revenue in 2025.

Plans for a listing or possible listing of its units are on the cards in three to five years, they said.

Ravindran said the firm is banking on pent-up travel demand when the coronavirus is contained. “Regardless of how long (the virus) will take this year, we are looking at an uptick in the business from summer 2021.”

($1 = 4.3450 ringgit)

(Reporting by Liz Lee; Editing by David Holmes and Edwina Gibbs)

Delta Extends Medallion Status, Club Memberships, and More for SkyMiles Members

April 6, 2020 / WIL BALDWIN

Medallion Members will be able to enjoy their current Status through 2021
Other program and card benefits will be extended between six months and one year

Delta SkyMiles Medallion Members will enjoy the same loyalty benefits throughout 2021 as they have in 2020. The 12-month Status extension is part of Delta’s work to offer greater flexibility as coronavirus impacts travel plans, so customers can rest assured their Status will be there when they’re ready to fly.

“On behalf of all of us at Delta, I want to thank our customers for your continued loyalty during these unprecedented times. While our focus is on keeping customers and employees safe and healthy today and always, you are a part of the Delta family and we know how important these benefits are to you,” said Sandeep Dube, Delta’s Senior Vice President – Customer Engagement and Loyalty, and CEO of Delta Vacations. “That’s why as coronavirus continues to dramatically impact travel across the globe, you don’t have to worry about your benefits – they’ll be extended so you can enjoy them when you are ready to travel again.”

The following updates will happen automatically over the coming weeks, with no action needed from customers.

Medallion Members:
- All Medallion Status for 2020 will be automatically extended for the 2021 Medallion Year.
- All Medallion Qualification Miles (MQMs) from 2020 are being rolled over to 2021 to qualify for 2022 Medallion Status.
Delta Sky Club Individual and Executive memberships with an expiration of March 1, 2020, or later will receive six additional months of Delta Sky Club access beyond their expiration date.
Delta SkyMiles American Express Card Members:
- If you have one of the following in your SkyMiles profile “My Wallet” that is valid now or has expired since March 1, 2020, we are extending the expiration dates to give you additional time to enjoy your benefits:
  - Delta SkyMiles Gold Card Members with a $100 Delta flight credit will get a six-month extension beyond their current expiration date.
  - Delta SkyMiles Platinum Card Members with Companion Certificates with an original expiration date between March 1 and June 30, 2020, can use them when they book and fly by Dec. 31, 2020, and those that expire between July 1, 2020, and April 1, 2021, will receive an additional six months beyond the current expiration date.
  - Delta SkyMiles Reserve Card Members with Companion Certificates with an original expiration date between March 1 and June 30, 2020, can use them when they book and fly by Dec. 31, 2020, and those that expire between July 1, 2020, and April 1, 2021, will receive an additional six months beyond the current expiration date.
  - Delta SkyMiles Reserve Card Members will also get a six-month extension to use their Delta Sky Club One-Time Guest Passes beyond their current expiration date.
SkyMiles Members:
- If you have one of the following in your SkyMiles profile “My Wallet” that is valid now or has expired since March 1, 2020, we are extending the expiration dates to give you additional time to enjoy your benefits:
  - Upgrade Certificates or $200 Travel Vouchers with an original expiration date between March 1 and June 30, 2020, are extended – now, they can be booked and flown by Dec. 31, 2020. And, SkyMiles Members with Upgrade Certificates or $200 Travel Vouchers that expire after June 30, 2020, will receive an additional six months beyond the current expiration date.
  - SkyMiles Select members will receive a six-month extension to the Priority Boarding benefit and any unused drink vouchers.

“We are continuously monitoring how coronavirus impacts travel and will make additional adjustments to support our customers’ needs as the pandemic evolves,” said Dube.

SkyMiles Members enrolled in a challenge or promotion to earn Medallion Status, such as the Status Match Challenge, Reclaim My Status or a promotion offered through their employer, can restart that promotion when they are ready to travel again. Those Members will receive next steps from Delta in the coming weeks.

Even more details can be found on Delta.com.

SWISS to Switch Berlin Service to New Brandenburg Airport

March 10, 2020 / WIL BALDWIN

SWISS will operate all its Berlin services to and from the city’s new Berlin Brandenburg Airport (BER) from 8 November 2020. The SWISS reservation system has already been reconfigured.

From 31 October 2020 onwards, flight operations in Berlin will relocate from the present Tegel Airport to the city’s new Brandenburg Airport (BER). The migration should be completed within the following week. Swiss International Air Lines (SWISS) will commence its new operations to and from Berlin Brandenburg on 8 November. The first SWISS arrival at the new airport will be flight LX974 at 08:45, and the first SWISS Berlin Brandenburg departure will be flight LX975 to Zurich at 09:30.

The SWISS reservation system has already been reconfigured to reflect the planned move. Customers who book a flight to Berlin for travel on or after 8 November will be shown not Tegel (TXL) as their destination but the new Berlin Brandenburg (BER). Customers who have already booked such flights will be notified and rebooked. According to current plans, the arrival and departure times of the SWISS flights concerned will remain unchanged, as will the number of frequencies on the route.

Access to new lounge for SWISS travellers, too

Business Class travellers on Lufthansa Group airlines, Frequent Travellers, Senators, Star Alliance Gold Status Members and HON Circle Members can look forward to a particular highlight at the new Berlin Brandenburg Airport: the Lufthansa Lounge. The 1,600-square-metre facility, which is located in the Main Pier North of Terminal 1, offers separate senator and business sections in which visitors can relax, freshen up or work in calm surrounds. The new lounge also features a panoramic windowfront giving exclusive views out over the apron area and of the Berlin skyline beyond.

Frontier Airlines Announces Nonstop Flights from Ontario to Seattle

February 25, 2020 / WIL BALDWIN

Low-fare carrier Frontier Airlines today announces its continued expansion at Ontario International Airport (ONT) with new low-fare summer seasonal nonstop flights to Seattle. The new service is in addition to five new routes announced in Dec. 2019, which included international service to Guatemala and El Salvador. To celebrate this new service, Frontier is offering fares as low as $49*, which are available now at FlyFrontier.com.

“We’re proud to lead the unprecedented growth in air service from Ontario and further expand our network to nine routes from ONT with new nonstop flights to Seattle,” said Daniel Shurz, senior vice president of commercial for Frontier Airlines. “Ontario International Airport’s convenience paired with Frontier’s low fares and friendly service have proven to be a combination for success and we look forward to enhancing our valued partnership.”

New route from Ontario International Airport (ONT):

Service is seasonal and frequency and times are subject to change, so please check FlyFrontier.com for the most updated schedule.

New routes from ONT announced Dec. 2019:

“We pride ourselves on becoming a low-cost airport and our approach is proving to be attractive to our airline partners,” said Mark Thorpe, chief executive officer of the Ontario International Airport Authority (OIAA). “Ontario has capacity to grow which is advantageous to carriers adding new aircratt and our hallmark no-hassle experience continues to appeal to our traveling customers.”

Frontier is focused on more than low fares. The carrier offers customers the ability to customize travel to their needs and budget. For example, customers can purchase options a la carte or in one low-priced bundle called the WORKS. This bundle includes refundability, a carry-on bag, a checked bag, the best available seat, waived change fees, and priority boarding.

The airline’s frequent flier program, FRONTIER Miles, lets members enjoy many benefits as well as attain Elite status. Like the airline, FRONTIER Miles is family friendly, and the program makes it easy for families to enjoy the rewards together, including family pooling of miles. FRONTIER Milesis aptly named because you earn one mile for every mile flown – no funny formulas at Frontier. If a customer travels a little or a lot, they will find FRONTIER Miles rewarding.

Frontier operates over 95 A320 family aircraft and has the largest A320neo fleet in the U.S., delivering the highest level of noise reduction and fuel-efficiency, compared to previous models. The use of these aircraft, Frontier’s seating configuration, weight-saving tactics and baggage process have all contributed to the airline’s average of 39% fuel savings compared to other U.S. airlines (fuel savings is based on Frontier Airlines 2018 fuel consumption per seat-mile compared to the weighted average of major U.S. airlines), which makes Frontier the most fuel-efficient U.S. airline. More information about Frontier’s green commitments are available at FlyFrontier.com/Green.

With over 150 new Airbus planes on order, Frontier will continue to grow to deliver on the mission of providing affordable travel across America. Frontier’s young fleet also ensures that the company keeps fares low and that customers will enjoy a pleasant and reliable experience flying with the airline.

Trump Called Boeing CEO to Inquire About 737 MAX Production Halt

December 19, 2019 / WIL BALDWIN

WASHINGTON (Reuters) – U.S. President Donald Trump called Boeing <BA> Chief Executive Dennis Muilenburg this week to ask about the status of 737 MAX production, two people briefed on the matter confirmed.

The call on Sunday was brief and Muilenburg assured Trump that the planned production halt was temporary and that the company would not be laying off any workers. The production halt, set to begin in January, was announced by Boeing Monday after a board meeting.

Boeing and the White House declined to comment on the call, reported earlier by the New York Times.

Separately, S&P Global Ratings on Thursday downgraded Boeing’s credit rating to “A-” from “A” and lowered the short-term rating to “A-2” from “A-1.”

The change “reflects the uncertainty over when the 737 MAX will return to service, the risk to the supply chain from the planned production halt, and possible long-term impact to Boeing’s competitive position.”

U.S. officials have repeatedly said they are waiting for additional answers from Boeing and have at time faulted the quality of submissions from the planemaker since the plane was grounded in March after two fatal crashes killed 346 people.

“We’ve had conversations about the importance of making sure that we are looking at complete documentation and not piecemeal documentation,” FAA Administrator Steve Dickson told Reuters in September. “It’s really better to be very methodical and very detailed rather than try to rush a partially completed product and then say, ‘We’ll get back to you with the rest of it.’”

Boeing has repeatedly said it is working with regulators to safely return the plane to service and acknowledged last week it would not occur until 2020.

Dickson said last week there are nearly a dozen milestones that must be completed before the MAX returns to service. Approval is not likely until at least February and could be delayed until March, U.S. officials told Reuters last week.

American Airlines Group Inc <AAL> and Southwest Airlines Co <LUV> have canceled flights into April because of the grounding.

(Reporting by David Shepardson; Editing by Nick Zieminski)

Tesla Sedans Regain Consumer Reports Recommended Status

November 14, 2019 / WIL BALDWIN

DETROIT (Reuters) – Tesla Inc’s <TSLA> Model 3 and S sedans both regained “recommended” status in Consumer Reports magazine’s annual reliability survey, allowing the electric carmaker’s overall standing to rise slightly.

Tesla’s ranking improved four spots to No. 23 out of 30 brands in the U.S. market as it worked to resolve production problems with the Model 3, said Jake Fisher, senior director of auto testing at Consumer Reports. Both the Model 3 and S raised their reliability ratings to “average.”

“People really like their cars,” he said of Tesla owners. “Hopefully, if that frantic rate of change can slow down a bit, they can maintain reliability.”

Tesla has touted the popularity of the Model S, listed in the top ranks of a different Consumer Reports survey, on owner satisfaction, every year since 2013 when the carmaker was first included.

Fisher cautioned he expected Tesla’s reliability to remain fluid given its inconsistent track record.

Tesla’s Model X SUV still ranks among the least reliable models, according to the annual survey released on Thursday.

The poll predicts which new cars will give owners fewer or more problems, based on data collected for more than 400,000 vehicles. Its scorecard is influential among consumers and industry executives.

Reliability rankings tend to suffer when automakers offer new or redesigned models, which dragged down Volkswagen AG’s <VWAGY> namesake and Audi brands. The VW brand slid nine spots to No. 27, while Audi fell seven spots to No. 14.

Brands with no major changes to their lineups, such as Fiat Chrysler Automobiles’ <FCAU> Dodge and Chrysler, made significant gains. Dodge was the highest ranked U.S. brand at No. 8, making the biggest gain of 13 spots. Chrysler rose seven spots to No. 19, while Jeep finished at No. 26.

Ford Motor Co’s <F> Lincoln and Ford brands were No. 15 and 16, while General Motors Co’s <GM> Buick, GMC, Chevrolet and Cadillac brands ranked No. 18, 22, 25 and last at 30, respectively.

The reliability of full-sized pickups, the most popular vehicles in the U.S. market, was weak. Ford’s F-150 and FCA’s Ram trucks were rated “well below average,” while GM’s pickups – the Chevrolet Silverado and GMC Sierra – both had “below average” reliability.

Toyota Motor Corp’s <TM> Lexus luxury brand finished atop the survey, followed by Mazda Motor Corp <MZDAY> and the Toyota brand.

(Reporting by Ben Klayman in Detroit; Editing by Richard Chang)

Frontier Airlines Announces 15 Nonstop Routes from Newark

August 28, 2019 / WIL BALDWIN

NEWARK, N.J. Aug. 27, 2019 – Low Fare carrier, Frontier Airlines, today announces new low-cost service from Newark Liberty International Airport (EWR) with 15 nonstop routes, including two international destinations: Cancun**, Mexico and Punta Cana**, Dominican Republic. To celebrate this new, low-cost service, Frontier is offering fares as low as $15* in addition to allowing customers to take advantage of the airline’s unique Kids Fly Free offer — both are available at flyfrontier.com.

The new routes include the only low-cost, nonstop options from EWR to Cancun**, Mexico; Chicago; Dallas; Denver; Miami; Punta Cana**, Dominican Republic; Phoenix; Raleigh, N.C., and San Juan**. In addition, Frontier will offer the only nonstop, cross-country option to Ontario, Calif., opening an affordable, convenient option for travel to the Los Angeles area.

“We’re excited to make flying more affordable for the Garden State with 15 new routes from Newark,” Barry Biffle, President and CEO of Frontier Airlines said. “With fares as low as $15, we hope we inspire more people to fly and are delighted to meet that demand with our ‘Low Fares Done Right’ promise. This includes a focus on serving families as well as the environment with a more sustainable approach to flying.”

Frontier’s flights from Newark will operate entirely outside the delay prone afternoon hours, ensuring the airline can deliver its signature ‘Low Fares Done Right’ service – combining a great low fare with an outstanding flight experience. “We’d like to thank our partners at the Port Authority of New York and New Jersey and the FAA for helping to establish Frontier as an effective low fare option at Newark Liberty Airport, without further contributing to delays in the most congested hours,” Daniel Shurz, senior vice president of commercial for Frontier Airlines said.

New routes from EWR beginning Nov. 14, 2019:

TO/FROM	SERVICE FREQUENCY	INTRO FARE	APPLICABLE DAYS FOR INTRO FARE:
McCarran International Airport (LAS)	Daily	$15*	Tuesday, Wednesday
Orlando International Airport (MCO)	Twice Daily	$15*	Tuesday, Wednesday
Miami International Airport (MIA)	Daily(Twice Daily eff. Dec. 10, 2019)	$15*	Tuesday, Wednesday
San Juan Airport (SJU)**	Daily	$29*	Tuesday, Wednesday

New routes from EWR beginning Dec. 10, 2019:

TO/FROM	SERVICE FREQUENCY	INTRO FARE	APPLICABLE DAYS FOR INTRO FARE:
Palm Beach International Airport (PBI)	Daily	$15*	Tuesday, Wednesday
Phoenix Sky Harbor International Airport (PHX)	Daily	$15*	Tuesday, Wednesday
Hartsfield-Jackson Atlanta International Airport (ATL)	Daily	$15*	Tuesday, Wednesday

Service to Palm Beach is seasonal, frequency and times are subject to change, so please check FlyFrontier.com for the most updated schedule.

New routes from EWR beginning March and April 2020 with tickets going on sale at a later date:

TO/FROM

Tampa International Airport (TPA)

Punta Cana International Airport (PUJ)**

Cancun International Airport (CUN)**

Denver International Airport (DEN)

Ontario International Airport (ONT)

Chicago O’Hare International Airport (ORD)

Raleigh-Durham International Airport (RDU)

Dallas/Fort Worth International Airport (DFW)

“We are proud to be considered America’s Greenest Airline,” Biffle continued. “Frontier is the most fuel-efficient airline in the U.S., offering passengers both the most affordable and sustainable approach to flying.”

Frontier operates over 90 A320 family aircraft and has the largest A320neo fleet in the U.S., delivering the highest level of noise reduction and fuel-efficiency, compared to previous models. The use of these aircraft, Frontier’s seating configuration, weight-saving tactics, and baggage process have all contributed to the airline’s average of 39% fuel savings compared to other U.S. airlines (fuel savings is based on Frontier Airlines 2018 fuel consumption per seat-mile compared to the weighted average of major U.S. airlines). More information about Frontier’s green commitments are available at FlyGreener.com.

Frontier is committed to families. One of the most popular family offers is Kids Fly Free whereby one kid can fly free for every adult with Discount Den travel club membership on select dates and flights. Additional information about Kids Fly Free is available at https://www.flyfrontier.com/kidsflyfree. In addition to Kids Fly Free, Frontier offers special rewards and status benefits for the whole family. Plus, every Frontier aircraft features a unique animal on its tail — from Griz the Bear to Otto the Owl, to Flo the Flamingo — kids will enjoy getting to know their new animal friends.

The airline’s frequent flier program, FRONTIER Miles lets members enjoy many benefits as well as the ability to attain Elite status. Like the airline, FRONTIER Miles is family-friendly, and the program makes it easy for families to enjoy the rewards together, including family pooling of miles. FRONTIER Miles is aptly named because you earn one mile for every mile flown – no funny formulas at Frontier. If a customer travels a little or a lot, they will find FRONTIER Miles rewarding.

Media: For downloadable video and images of Frontier aircraft and airport operations, visit: https://news.flyfrontier.com/images–video/

Ryanair, CEO Suit Filed In U.S. Court

November 7, 2018 / WIL BALDWIN

NEW YORK (Reuters) – Ryanair Holdings Plc (RYA.I) and longtime Chief Executive Michael O’Leary have been sued in New York by a shareholder that said Europe’s largest airline defrauded investors and inflated its share price by overstating its ability to manage labour relations and keep costs down.

The complaint was filed on Tuesday night in the U.S. District Court in Manhattan by an Alabama pension fund, seeking class-action status and damages for investors in Ryanair’s American depositary shares from May 30, 2017 to Sept. 28, 2018.

Ryanair did not immediately respond on Wednesday to requests for comment.

The complaint said Ryanair misled investors in regulatory filings and conference calls about its labour stability, including “industry leading” contracts with pilots and cabin crews, and its positive impact on operations.

It said the truth came out as labour unrest forced the Dublin-based low-cost carrier last December to recognise unions for the first time, and led this summer to costly strikes that stranded thousands of passengers in several countries.

“Unbeknownst to investors, the company’s historical profit growth was built on an undisclosed and unsustainable foundation of worker exploitation and employee turnover,” the complaint said. “The decline in the price of Ryanair ADSs was the direct result of the nature and extent of defendants’ fraud finally being revealed to investors and the market.”

Ryanair cited labour issues on Oct. 1, when it cut its full-year profit forecast. Its share price closed that day more than one-third below its level in mid-March.

O’Leary, Ryanair’s chief executive since 1994, said last month he hoped to reach labour agreements with all of the carrier’s major unions before Christmas.

ADSs on June 30 accounted for 43.7 percent of Ryanair’s issued ordinary shares, assuming all were converted into ordinary shares, the company has said. Ryanair’s market value is roughly $16 billion, according to Refinitiv data.

The lawsuit was filed by the City of Birmingham Firemen’s and Policemen’s Supplemental Pension System. Its law firm Robbins Geller Rudman & Dowd specializes in securities fraud.

It is common for shareholders to sue companies in the United States after what they consider unexpected share price declines.

The case is City of Birmingham Firemen’s and Policemen’s Supplemental Pension System v Ryanair Holdings Plc, U.S. District Court, Southern District of New York, No. 18-10330.

(Reporting by Jonathan Stempel in New York; editing by Bill Berkrot)