rya nair and easyjet reported. fourth quarter they have gone. ryanair and easyjet reported.een quite positive trading on that. if you look at an medium—term one or two you rise, what will happen is you, there is too much capacity coming into the market. ticket prices, fortunately the year, will resume going down again. fortu nately for will resume going down again. fortunately for everyone out there looking for a flight and a good deal. realistically, if we are looking ahead, what is this going to do for our holidays, what will it do for us? what is your expectation of the next kicksat involvement in terms of prices? on holiday, that is the cash cow for a loss of airlines. they will be careful not to dump prices. i would they will be careful not to dump prices. iwould not they will be careful not to dump prices. i would not expect large fa re prices. i would not expect large fare increases. there is a lot of lesser capacity coming in, easyjet and ryanairexpanding, lesser capacity coming in, easyjet and ryanair expanding, for economy travellers, there is a lot of choice. it i

is that a disagreement with easyjet? >> are on the right. why are you the quarter just en.uiding profits and a range of 1.4 5 billion on a basis. billion on that basis. we are also seeing fares down at least 3% on a full-year basis whereat will depend on the easter bookings and up. that is a slight improvement on where we were and our guidance previously. 12%.auxiliaries up the quarter just ended. we are expecting that will be up 2% on a full-year basis. despite the fact that fuel is $70 per barrel, and we have a slightly higher fuel headwind. we are still holding our cost down 2% on a per -passenger basis. isa: do you think easyjet seeing a pricing picture that is more positive than what you are seeing? you think you may be seeing different markets are similar pictures? i have to say first and foremost that we have very limited visibility. it would be unusual for us to give guidance this early into the financial year. there is a lot of optimism that i think it's probably not warranted. there is a lot of fuel headwinds. $70 per barrel. most airlines are facing a higher fuel

easyjet is trading down on the back of that. let me say the dashboard.ing about the fact that he is going to stand up to the unions. he is having none of it from the pilot unions. easyjet came out and sounded quite positive. fighting talk coming out of ryanair this morning. out, on ant to point flight the other day, they asked me to pay the money for a glass of water. i thought come at this point, what is the difference between the airlines? german pmi's coming out. we had a slew this morning. german actually beating market services pmi. we were looking for 57 even. the composite pmi a 59, we were looking at 58.8. both of those numbers were beating. guy? guy: let's take a look at the boards. selling.re seeing is financial services are leading this morning. markets closed a little bit but still down around 1% this morning. up next, it is "bloomberg surveillance." matt miller and i are off to bloomberg radio. this is bloomberg. ♪ equities european extend the biggest selloff in years. fears of rate rises gripped the markets. trumps fed chair takes over from

outlook with regards to brexit, that is a big uncertainty for ryanair, and its competition, like easyjetut the key phrase is the leveraging. it has become less and less dependent on the uk —— deleveraging. the biggest market is italy, and spain is the biggest market after the uk. so the u.k.'s only about 20% or so. as a proportion of its operations, what happens in the uk will affect ryanair rather less, happens in the uk will affect rya nair rather less, and happens in the uk will affect ryanair rather less, and i believe it will be able to flex its business model accordingly. at in terms of its cost and its bottom line, to what extent is the situation with the pilot impacting ryanair, and the fa ct the pilot impacting ryanair, and the fact it has had to recognise unions for the first time, something that michael 0'leary said it would never do. well, there have been a lot of never, never things. do. well, there have been a lot of never, neverthings. like we do. well, there have been a lot of never, never things. like we will never, never things. like we will never hedge against fuel, an

easyjet are happy to participate.ir algorithms. what is key is in their algorithms. do you know when the report will be out? any time in the next few months. any time soon, charlotte, thank you. 0ligarchs suspected of corruption will be forced to explain how they fund their luxury lifestyles in britain. the security minister, ben wallace, has told the times that he wants to crackdown on criminals and fraudulent politicians who use britain to launder money gained through corruption. dal babu, a former chief superintendent at the metropolitan police, explained some of the thinking behind the new ‘unexplained wealth orders‘: i think what they want to do is establish where people have got their money, and if you have £50,000 or more, that‘s probably not going to affect the majority of us, then they want to have the opportunity to ask people were they got that money from. actually it could apply a lot lower than oligarchs but that is really what looking at, people who are the international super wealthy who often choose to

carolyn mccall came in from easyjet, not ryanair. you're watching business live.draft of the eu's legally binding brexit treaty is being published as we speak. there is a lot of it, about 150 pages. it will say that unless there is another deal, northern ireland will have two follow single market rules to avoid having a hard border with the irish republic. it isa border with the irish republic. it is a big sticking point as far as brexit negotiations are concerned. and a quick look brexit negotiations are concerned. and a quick look at brexit negotiations are concerned. and a quick look at the brexit negotiations are concerned. and a quick look at the european markets, all opening slightly down following negative trading on the asian markets overnight. and also on the us markets. have you fallen foul of the dreaded flu this winter? doctors and companies, suffering staff sickness, will agree it's been the worst flu season in years. so what about prevention? our next guest runs one of the world's largest flu vaccine companies; seqirus specialises in the influenza va

easyjet are happy to participate.spected of corruption will be forced to explain how they fund their luxury lifestyles in britain. the security minister, ben wallace, has told the times that he wants to crackdown on criminals and fraudulent politicians who use britain to launder money gained through corruption. oligarchs suspected of corruption will be forced to explain how they fund their luxury lifestyles in britain. the security minister, ben wallace, has told the times that he wants to crackdown on criminals and fraudulent politicians who use britain to launder money gained through corruption. earlier, dal babu, a former chief superintendent at the metropolitan police, explained some of the thinking behind the new ‘unexplained wealth orders‘. i think what they want to do is establish where people have got their money, and if you have £50,000 or more, that‘s probably not going to affect the majority of us, then they want to have the opportunity to ask people were they got that money from. oligarchs and the big head

easyjet, again, very happy to participate. is that algorithm, and that is what the caa will be investigating. time for a look at the weather with tomasz schafernaker. most parts of the country today had horrendous weather. grey, cold, dark, awful day with outbreaks of rain. sunday is looking a lot better. this is what we have been dealing with. this slow—moving weather front. what does that mean? it means that once it is over us, it stays there and it's cloudy and horrible. it is stuck between the wind coming out of the east and also this wind from a different direction. it has stalled across the uk. that easterly wind over the next 2a hours will win. so we will see easterly and north—easterly winds developing. when the wind comes from that direction, it tends to stay cold. this is what it looks like first thing on sunday morning. it will be freezing in some spots. a lot of sunshine for many of us. the further west and south—west you are, the better. but there are showers across south—eastern england, east anglia and lincolnsh

easyjet, a game, very happy to participate.thm. what is key is that algorithm. what is key is that algorithm and that is what caa is looking at. archaeologists in egypt have unveiled the newly discovered tomb of an ancient priestess that dates back more than a000 years. the vast mausoleum, found near cairo, is adorned with colourful and well—preserved wall paintings. duncan kennedy reports. discovered near the pyramid of giza south of cairo, the tomb was found under 300 cubic metres of earth. archaeologists were astonished to see how well preserved the paintings on the wall of the l—shaped room were. they depict a high priestess, hetpet, in a variety of settings. she's seen in hunting and fishing scenes and receiving offerings from children. hetpet was known to be a priestess to the goddess of fertility, hathor, who assisted women in childbirth. finding hetpet‘s tomb is being seen as an important and rare addition to our understanding of the structure of egyptian royal life a,000 years ago. we believe that she lived during the

easyjet, again, very happy to participate.d allocate family and friends together and that is in their algorithm. but what is key, though, is that algorithm, and that is what the caa will be investigating. six people are injured in a series of drive—by shootings in italy which targeted immigrants. 0ne victim is critically ill — the authorities say a right—wing extremist carried out the attacks. police arrested a supporter of the far—right northern league movement at the scene. italy's prime minister has called on his nation to unite against extremism. also tonight... no new spending on services — northamptonshire county council imposes emergency financial controls. more sexual assault allegations against harvey weinstein. police say another two women have made complaints about him in the uk. and wales thrash scotland in the opening match of this year's six nations championship. while ireland secure victory with the last kick of the game in their match against france. good evening. italy's prime minister has insisted that hate a

easyjet, again, very happy to participate.nvestigating. thousands of demonstrators have been marching through central london calling for more government support for the nhs. in response to the rally, the department of health and social care said they are aware the nhs is extremely busy and extra funding has already been allocated by the government. at the event — organised by the people's assembly and health campaigns together — health workers and activists spoke about the pressures on the nhs. what i am complaining about is being called everything is fine when it's not. being told its great. i know plenty of people working in health ca re plenty of people working in health care or think it's already dead on its feet and it won't last. but those people refuse to let it go without a fight. nothing pay, terms and conditions have constantly been wound down. activity is up and up and it is killing the profession. and if you're not careful, if we don't do something about it, we're not going to have a narsingh professing left. we ne

easyjet is forecasting summer fare increases over the demise of rivals.yanairf executive of morning today that he is willing to endure pilot walkouts rather than then to any demands that would threaten the low-cost carriers business model. shares down by 2.2% today. this was the big data in the u.k. today. services growth weakening more than expected. tossing some doubts on the economy following some positive figures. 53 ins pmi for services january versus 54.2. that is the lowest since september 2016, well below the economists estimate of 54.1. we had reports showing a slowdown in manufacturing and near stagnation and construction. company that releases this gauge suggests that economic growth has set sharply. mark carney in the bank of england releases its quarterly inflation report on thursday. inflation for commodities may not be as rosy. we have the key measure for hauling bulk materials dropping to its lowest level since last august. we are talking about the baltic dry index, the gauge of materials near a five-year high. that is the bottom chart. th

you're probably wondering what we're talking about but around seven years ago i carbon debate it to, easyjet want to pay extra money to sit up front or for extra money to sit up front or for extra legroom you can do that. the other airlines saw what was going on and saw there was money to be made when basic airfares were sinking. —— be used algorithms. they did it as well. british airways, ryanair, other airlines are charging for a specific seek —— they algorithms. the caa want to see if they are transparent —— specific seek —— be used algorithms. could they be the king hal —— specific seat —— they used algorithms. i always wrongly assume that if you didn't pay and the seating was available you would automatically end up sitting next to the party you booked with? you will do in a lot of cases, personally i never pay a penny to sit in a specific seat and so far i've been mostly lucky. the one airline which is different from the others and in the survey the caa conducted they found one in three people flying on ryanair who hadn't paid in advance for a seat found they were not sitting next to t

easyjet are happy to participate.cancelled the last ten dates of the european leg of her world tour, because of "severe pain". shows in london and manchester are among those affected. in a statement posted on twitter she said she was devastated, but needed to put herself and her well—being first. the singer has fibro—myalgia, a long—term condition which can cause pain all over the body. some of her fans have travelled from as far as brazil and denmark to see her on her uk dates — and are disappointed. i save money all the year for this. i don‘t blame her. the same way it hurts so much. and booking flights and trains for hamburg and cologne and berlin and london and manchester. you were going to see all of the dates that have been cancelled ? yeah. her health is more important than my pleasure to see her on stage. i prefer to know that she is taking ca re of prefer to know that she is taking care of herself and getting well. i'm quite sad that it's ok. joining me now from nice in france is the entertainment journalist,