a smaller than expected loss for ryanair.ding specific full-year, stepping back from setting full-year earnings guidance. summer bookings are booming, demand could be disrupted by a number of factors. let's get to the ceo, michael o'leary joins us. you talk about a booming summer, can we just get a little more on what reasonable profitability looks like -- that's the language you have used, will you translate that to a bandwidth for the market? michael: we have exceeded 90% load factor for the first time since covid. we expect pricing to be down in the first quarter. we are pricing down to get our planes full again. looking ahead to the key september quarter, looks like we have strong load factors and pricing might be up by a single digit percentage. the recovery is still fragile. christmas got massively disrupted by the omicron variant. easter looked like it was going to be strong, it fell over as a result of the ukrainian invasion. we think it's impossible to give any accurate guidance on a full-year number, particularly as

ryanair saying it expects to return to reasonable profitability later this year, but warning of potential impacts of things like the invasion of ukraine, currently down 3.3%. and this is on announcement by baring they will be buying this company. the deal all in terms of that speculation. this is a maker of translation and search services. we will watch that stock when it starts to price. >> let's get to our mliv managing editor, mark cudmore. you are looking at this terrible data out of china this morning. >> yes, good morning. you're talking about companies in the post-covid world. there is one part of the world that is right back in covid times. that is china. this is a 10 year heart -- chart of retail sales and industrial production. yellow is retail sales. we collapsed in february 2020. we are collapsing again. what is worrying is industrial production has fallen below the start of the pandemic. that means we are getting both inflationary and a negative growth impulse. i'm china, the news is we are getting a stagflationary impulse. these missed economist forecasts, and that is why ma

ryanair fairly flat.argest low-cost carrier saying we will see a stellar summer but the winter, he is not so sure about. you are hearing this from various carriers. people have been relieved. they want to go on a summer holiday but after that the clouds appear to be darkening and ryanair, just a little bit of a drip lower as we come through the close in europe. the interesting michael o'leary said was about bowing, he is a huge boeing customer. they have maxes in the fleet and he is talking about a huge change required from the management point of view to put that aerospace company back on track. alix: over the last couple of hours we've been talking about growth scares weather in europe or the u.s. as well as china. let's give more attention to europe. the european commission warning that if there are serious disruptions in natural gas from russia, the recovery would almost grind to a fault in the eu came out with those revised forecasts today. >> growth is lower and inflation is higher. uncertainly to t

you see the stock right now down 52 cents >>> when we come back, european carrier ryanair out with thee company is blasting boeing. we have big problems with what is happening there the cfo llwi join us next. stick around we'll be right back. >> announcer: executive edge is respo sponsored by at&t business at&t 5g is fast, reliable and secure the one amaz camera? yep! every business deserves it... like one's that re-opened! hi, we have an appointment. and every new business that just opened! like aromatherapy rugs! i'll take one in blue please! it's not complicated. at&t is giving new and existing business customers our best deals on every iphone. ♪ ♪ what the world needs now... is people. people who see energy a little bit differently. where a switch to cleaner power means a more resilient grid... ...with renewables and gas power providing energy whenever it's needed. because seeing a more sustainable world isn't far in the future. we're building it... now. ge. building a world that works. >>> welcome back, everybody. ryan air group ceo michael o'leary is blasting boeing calling on th

but it says that at the moment, ryanair is seeing strong bookings, more passengers basically.cally. that is being driven by lowerfares. it is a lower cost airline, of course. those lower fares are encouraging people to book, meaning that demand doesn't translate to people travelling. but there are some headwinds, some uncertainties. we know that the price ofjet fuel has been very high. ryanairsays price ofjet fuel has been very high. ryanair says the ukraine conflict has had some impact, and that any future issue with covid could hit the recovery as well. it does say that over the summer it expects fares to be a bit higher again, so not quite 10%, but something below that. it says fares will rise because we are getting this high demand but were still less capacity overall than there was before covid.— capacity overall than there was before covid. the libel court battle between footballers' wives coleen rooney and rebekah vardy resumes in the high court in london this morning. mrs rooney is being sued for libel by mrs vardy after she alleged that the wife of leicester city play

guns of the belarusian kgb, i understand, repented and she was detained together with him after the ryanairnded in minsk she was sentenced to 6 years in the colonies, by the way, she is a citizen of russia. the rudnytskyi regional court gave her 6 years of strict regime under seven articles. the main thing is inciting hatred. well, there is also extremism and other things. articles, how do we get fuel, questions about belarus, different opinions, we talked yesterday in this studio that someone says that participation in belarus is indirectly on the side of russia in the war with ukraine , this is the personal responsibility of lukashenka and his government. for example, i still do not adhere to the version of the position all citizens of russia are to blame for this, this, and this participation. they must also be held responsible for this, that this territory is being hit by rockets, that it was from belarus that they entered the same bucha for mass killings of the civilian population russian troops, if they entered somewhere from kursk belgorod, it would probably be a completely different

in odesa, ryanair and wizzair are there, and it’s a pity, but our military says that it has been destroyedst 100 missiles are needed, and i think that it is damaged and that after the war we will be able to restore it quite quickly, because you have to understand that it is almost 3 km of solid concrete, this missile well, it makes this funnel there 30x30 m and you still need to look at where it was not hit, that is, maybe it cannot be used as well, in order to to ask in order to better combat aircraft combat aircraft can now fly but to restore it i think it will not be difficult after removal, what is the situation in odesa, did it become a little easier to breathe after our military destroyed various russian equipment on the occupied glorious snake island? yes, we understand it all today, emotions are at the level of sensations. yes, we do not know how many different things they have on the same island. well, but the news reached us. and here are the feelings in odessa that you know, i look at the people by the number of cars on the streets by the restaurants i see that there are many pe

year old, so fierce of peggy and had been a russian boyfriend, romana protested, which were on a ryanair flight, which was forced to land in battle roost last may. they've been fined from athens to vilnius. so peggy has been found guilty of inciting social hatred. our northern islands nationalists partition fane is on track for historic victory in elections. their projections show would be the biggest party in the northern ireland assembly for the 1st time out of the democratic unionist party majority party gets the opportunity to nominate the next. first minister. she in fame was once the political wing of the aisle re, which force against british rule jona hall has more from belfast in northern island . they are expected to when she failed and it would be an extraordinary victory. the 1st time in a 101 years since the competition of ireland in 1921 that a party other than the unionist party, has come out on top and with potentially profound implications for northern on a boat boat. as i spoke to on thursday, the national side called the potential of a sinn fein victory seismic historic

ryanair issued a guardedly optimistic outlook.ong booking trend could still be disrupted by a number of factors. >> in every past recession we grow stronger and faster because they get more price equity. we will be the beneficiaries of a downturn and i look forward with some optimism to an economic downturn. we keep pressing -- passing on value. >> they are expecting what it calls a reasonable profitability this year. u.s. officials investigating a public act of killing in buffalo as violent extremism. an 18-year-old white man was arrested, posting a document online. global news 24 hours a day on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. i'm ritika gupta, this is bloomberg. ♪ >> other companies i think are growing -- going through situations in china, the never ending lockdowns. i put them in that camp. jonathan: the senior research analyst at rosenblatt securities. this is "bloomberg surveillance." on the nasdaq 100 down about a half of 1%. yields unchanged. tom

we talked about what happened with l about what happened with ryanair, it says it has to depress priceslater, how long can that model go on? tt you are right here and have deep pockets that is a strategy they can deploy where others can't, if you look at easyjet a few things will be concerning them, one thing is they are in orbit less hedged than other airlines. fuel prices, fuel is airlines. fuel prices, fuel is a major cost for these airlines, court of the cost base altogether may be, what they tend to do was put on financial arrangements to smooth the price over a long period of time, what happens during covid—19, a lot of airlines reduce the amount of fuel they were buying because demand was so uncertain, now they find themselves, when the invasion in ukraine started they found themselves under hedged and actually now have to buy fuel in the market at that inflated price, that is really going to hurt them. i think cost of living further down the horizon, has a concern, less so for some departures, we get to the back end of this calendar year when the expected energy bills will land

. >>> and ryanair povested a loss last year.t reported a load of 82% over the period and the summer capacity is 115% of pre-covid levels it forecasts a return to profit in 2023. the ceo michael o'leary talked about it >> there will be a strong recovery we are seeing that post easter into the summer. bookings are strong, but lower prices in q1 we see elevated prices in q2 we learned from the exuberant optimism at christmas and it was damaged by omicron at november and we thought we would have a strong eastern a and it was dame by ukraine there's no doubt there's a strong recovery under way. i think we want to be cautious particularly in the second half of the year. will there be another variant of covid? we walso need to keep an eye out for the unfolding ukraine situation. >>> let's check on the energy markets. we have brent trading 1.2% lower. wti is trading 0.9% lower. similar there at $109 a barrel >>> saudi aramco with the highest first quarter profit since the ipo three years ago. the sharp rise in oil and gas prices and hig

their flight. 2424 also fears to pagan, her belo russian boyfriend, roman protested, which were on a ryanair flight, which was forced to land and barrows last may. they been flying from athens to vilnius. so peggy has been found guilty of inciting social hatred. a pagan has been found guilty of premeditated actions aimed at inciting social hatred and sowing discord against another social group with grave consequences. she was also found guilty of illegally collecting and distributing private information constituting the personal family secret of another person without the consent which caused harm to the rights. freedoms and legitimate interests of the victims. police in israel is still searching for 2 men. suspected of a stabbing attack in the central city of a lad. they released pictures of the pair who are 19 and 20 years old. and from the town of jeanine in the occupied west bank is ready. please say they killed 3 people in the attack on thursday and injured several others. the defense ministers extended until sunday, a closure of the west bank to stop palestinians entering israel. saudi

it can befrustrating at times, and i can understand why ryanair would get frustrated at times.e put safety first. and if it takes a little longer than we'd like, so be it we know it's going to be done safe and right when it's all said and done. >> pilot shortage. very i have to ask youabout this we are seeing more and more comments from the pilots in the airline industry saying we would grow faster and have more routes but we don't have the pilots that we need >> that's the structural change that's really going to equipment pimpact the industry at the start of the year they were going to try to hire 13,00 pilots >> did the retirement lift get lifted >> i don't think that's the solution at united, our age 64 pilots, 36% of them are unavailable to fly for sick the medical requirements are really, really stringent pour being a pilot. we're already at 36% by that age. extending the age i don't think is going to be the answer. >> you are launching a new marketing campaign i can't remember the last time i saw marketing campaign from any airline. good leads the way >> yeah. >> why is

and i want to stress that the vast majority of people will get where they need to go, for example ryanaircelled then, 30,000 people out of position. today they are up to 13 flight cancellations and i am afraid i havejust are up to 13 flight cancellations and i am afraid i have just checked tomorrow, and there are already over 20 cancellations to and from gatwick, including, and you should be notified about this, holiday destinations like madeira, morocco and both flights to seville, in southern spain cancelled. i need to stress also that of an airline cancelled your flight, it has to get you where you need to be as soon as possible, you have that means buying a very expensive ticket on a different airline.— a very expensive ticket on a different airline. ~ ., , ., ., ., ,~' different airline. was going to ask ou, if different airline. was going to ask you. if your _ different airline. was going to ask you, if your flight _ different airline. was going to ask you, if your flight is _ different airline. was going to ask you, if your flight is cancelled, . you, if your flight is cancelled, w

and if that means they have to spend hundreds of pounds paying for a flight on british airways or ryanair tens of thousands of fans making their way to paris, liverpool fans, because it is champions league final day. john is there. have you seen many of them arriving yet? it looks quiet where you are, for now. we have seen liverpool fans arriving. would not there, from the john lennon airport. some of those fans will be gathering their later on. there will be music in stage show as they gear up for that final later on tonight. the fans have tickets will be packing in stade de france. what today we have in store. there is no bigger game in european club football than this. the champions league final. we have liverpool and real madrid, the heavyweights. this is what you want to see when you have a game of this magnitude. liverpool, of course, have been brilliant this season, when you think of whatjuergen klopp has managed to achieve that this team, challenging silverware on all fourfronts, missed out on team, challenging silverware on all four fronts, missed out on the premiership league ti