Business World

Friday 22 August 2014

Business Briefs: Ryanair tops the international chart

Published 11/06/2014 | 02:30

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A Ryanair flight. Picture credit Rui Vieira/PA Wire
A Ryanair flight. Picture credit Rui Vieira/PA Wire

Airline industry umbrella group IATA has revealed that Ryanair carried more international passengers than any other airline.

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The airline carried 81.3 million international passengers last year or almost 29 million more than second-placed easyJet and 30 million more than third-placed Lufthansa.

Ryanair also carried more than eight times more passengers than Aer Lingus, which carried 9.6 million. Ryanair expects to carry more than 84.6 million passengers this year.

TESCO TAKES ON BANKS

Tesco Bank, the financial services arm of Britain's biggest retailer, has launched its first personal current or checking account, looking to challenge established lenders in the UK.

Parent Tesco also hopes the service will help entice customers back into its supermarkets after suffering its worst three-monthly sales drop in 40 years. Account holders will be offered credits via Tesco's loyalty scheme Clubcard, which they can spend inside Tesco's 3,000 UK outlets.

FIFA FEELS THE HEAT

Oil company BP and the maker of Budweiser beer have joined the ranks of World Cup sponsors pressing football's rulers to tackle corruption allegations over the awarding of the 2022 tournament to Qatar.

The calls, which followed similar statements by Adidas, Coca-Cola, Visa and Sony, came on the day when former US prosecutor Michael Garcia was due to finish an investigation on behalf of football's ruling body FIFA into the decisions to hold the cup in tiny Qatar in 2022 and Russia in 2018. With the World Cup kicking off in Brazil tomorrow, FIFA is struggling to contain the fallout from claims that bribery helped Qatar to secure the showpiece event.

CHAMBERS TAX WARNING

Chambers Ireland said any reduction in the Local Property Tax should not be subsidised by increases in commercial rates. The call came after Cork county council voted to cut their tax by 15pc.

"The introduction of the Local Property Tax was designed to move the local authority funding system to a fair and equitable 'user pays' system," said Chambers Ireland boss Ian Talbot.

"If councils choose to reduce their LPT by 15pc then they must not look to businesses, already the single largest funder of local authorities, to make up the shortfall. Businesses already pay high levels of commercial rates and cannot take any more hits."

Irish Independent

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