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Miguel Praga

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El plan de Vueling para frenar la multa de Consumo

✈ Vueling, an IAG airline, challenges a €39.2 million fine imposed by the Spanish government for charging for hand luggage. On January 29, they filed an appeal and a precautionary measure to suspend the fine with the National High Court, expecting a resolution by mid-2025 and a potential court date in 2026. Vueling disputes the decision based on European regulations that allow pricing freedom. Ryanair was fined €107.7 million, Easyjet €29 million, Volotea €1.189 million, and Norwegian €1.610 million, totaling €179 million for five low-cost carriers.
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La guerra de Ucrania provoca un macro juicio aeronáutico en Dublín

🛫 The major aviation sector trial involves aircraft leasing companies based in Ireland and insurers. Sparked by the 2022 Ukraine war, Western sanctions forced lessors to cancel contracts with Russian airlines, affecting approximately 400 planes valued at $10 billion. Russia retained the planes, prompting lessors to seek insurance claims. Insurers, including Lloyd’s, Fidelis, AIG, and Chubb, contest coverage terms. The dispute is now before Dublin judges, with future contracts likely to address war conflict and increase policy costs.
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Una huelga paraliza la aviación en Alemania, menos Ryanair

✈ Over 3,400 flights grounded as Germany's 13 major airports, including Frankfurt and Munich, faced a complete shutdown on Monday. The strike impacted 560,000 travelers and mostly affected Lufthansa and its subsidiaries. Handling services at 13 airports and security controls at even more terminals were paralyzed. Ryanair, despite multiple cancellations, experienced less disruption, maintaining operations at smaller airports like Hahn, Weeze, Lubeck, and Memmingen. The strikes were due to disputes between unions and airport management, not airline companies.
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Así se reparten Nautalia, W2M, Ávoris y VECI el ‘Imserso’ de Madrid

🏗 On March 10, Madrid's Cultural Routes for Seniors program commenced, offering 25,000 additional spots for a total of 350,000 across more than 1,400 destinations (423 national, 868 international, 69 cruises, 53 Christmas markets). Four major Spanish travel groups—Travel Live, W2M, Ávoris, and Viajes El Corte Inglés—dominate the market with 1,036 trips, while IAG7 and Caminos Senior cover around 400. To qualify, travelers must be 55 or older, residents of Madrid, and can be accompanied by any adult resident. Trips are sold by 694 authorized agencies with packages ranging from €350 to €1,995.
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Air France ofrece 300 millones por el 51% de Air Europa

✈️ Air France offers €300 million for a 51% stake in Air Europa, valuing the airline at €588 million, plus €475 million in state rescue funds, totaling €1.073 billion. This reduces the Hidalgo family, current 80% owners, to 29% control, while IAG retains 20%. In contrast, Lufthansa proposes injecting €240 million for a 25% stake, which Air Europa could use to repay part of its SEPI loan, reducing its public rescue debt to €235 million.
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Hamburgo: paro aeroportuario sin aviso previo en domingo

✈️ Hamburg Airport unexpectedly paralyzed by unions on Sunday, affecting 40,000 passengers with only 10 of 280 flights operating. A Monday strike at German airports, including Hamburg, is set to halt 3,400 flights. Small airports, mainly operated by Ryanair, won't be significantly impacted. The airport criticized the union Verdi's unannounced strike on a busy travel day due to school vacation commencement.
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Air Europa: la UCO sigue la pista del crédito que dio Calviño

💰 Guardia Civil's Central Operative Unit (UCO) investigates government negotiations with Air Europa for a first credit of €141 million backed by ICO, preceding a €475 million state bailout. UCO seeks to clarify reasons for aid and Nadia Calviño's involvement, the former economy minister and current President of the European Investment Bank (BEI). Messages from November 2024 indicate Calviño's connection to a corrupt scheme. Despite knowledge of a €35 million dividend distribution among Air Europa's Hidalgos before aid request, Calviño didn't halt the state aid approved on November 3, 2020.
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Lucha de gigantes: las cuentas de Ávoris, VECI, W2M y Travel Live

💸 The four leading travel companies in the Spanish market, approaching nearly 100 brands, reported positive growth with a combined revenue of €11.638 billion in 2024, a 13.8% increase from €10.227 billion in 2023. Ávoris led with €4.381 billion, up 15.8% from 2023, and an Ebitda of €45.6 million. Viajes El Corte Inglés, expected to grow 6% to €3.5 billion, had a 2023 net profit of €49.6 million, quadrupling the previous year. W2M reached €2.753 billion, up 26.57%, with an Ebitda around €20 million. Travel Live (Nautalia) billed €1 billion in 2024, up 3.9%, aiming for a 2025 Ebitda of €24-25 million.
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O’Leary también monta la polémica hablando del agro

🐄 Michael O'Leary, director of Gigginstown House farm and Ryanair group, spoke at a cattle competition award ceremony in Croke Park, Ireland, on March 7. He advocated for expanding Ireland's cattle herd, highlighting the country's proficiency in producing grass-fed livestock. O'Leary criticized negative views on cattle breeding and methane concerns, emphasizing the need for continued valuable food production and opposing failed ecological policies. Additionally, he shared his farm's solar panel investment, costing €250,000 and generating €80,000 by reducing bills, while stressing the non-profitability for those calculating returns. O'Leary's farming background was credited for his work ethic and life skills.
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